UBA, Access Bank Adjust Closing Hours Amid High Operating Costs
- United Bank of Africa and Access Bank have announced changes in their operating hours
- The two banks announce different reasons for the decision, which include insecurity and cost of operation
- Nigerian companies have been faced with various challenges, most especially the rising cost of diesel
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United Bank of Africa (UBA) and Access Bank have announced adjustments in hours of operation at some of their branches.
In a separate email to their customers, the two banks cited different reasons behind the move, including insecurity and costly operating costs.
The decision is likely to increase the number of Point of Sales (PoS) operators in the affected areas.
Source: Getty Images
Access bank
The bank in a notification titled Adjusted Closing Time for Select Branches to its esteemed customers contains the list of the branches and the states where they operate.
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Access bank urged its customers to consider processing most of their transactions via its digital channels, Leadership reports.
Access Bank stated:
“You can simply process most of your transactions via our digital channels, as a few of our Access Bank branches nationwide will be closed at 3 pm from the 29th of August, 2022.
"Other branches will be open as usual from 8:00 am to 4:00 pm and we promise to keep customers informed as it made the changes."
UBA
For UBA, the bank stated in a notification on Thursday, 1 September to customers that it is adjusting working hours in some of its branches to ensure the well-being of employees and customers alike, InsideBusiness reports.
The statement titled ‘Notice of Bank Closure’ reads:
“Please be informed that some of our branches will now close earlier for the safety of our customers and employees. Our digital channels will remain available to you 24/7."
Access Bank lead 8 banks in Nigeria to spend N23 billion in travel expenses in 2021
Legit.ng has reported that nine banks in Nigeria said they spent a total of N23 billion on business trips across the globe in 2021, according to data collated from financial results of the banks.
The amount includes the cost of travel, hotels, passages, and other logistics which are connected to travelling within and out of Nigeria.
Access, Fidelity, Sterling, UBA, Zenith, GTB, Stanbic IBTC, First Bank, and FCMB are the banks that spent the most on travel expenses.
Source: Legit.ng
