Updated: Access, UBA, Zenith, GTB, Ecobank Other Banks To Shut Branches Nationwide, Give Reasons

Updated: Access, UBA, Zenith, GTB, Ecobank Other Banks To Shut Branches Nationwide, Give Reasons

  • Commercial banks and other financial institutions will be closing their branches across the country on Monday
  • The closure is to comply with the public holiday announced by the federal government to mark Eid-ul-Mawlid
  • Bank customers are expected to use electronic channels, including ATMs, USSD, and others, to carry out their transactions

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Nigerian commercial banks, including Zenith Bank, United Bank for Africa, Access Bank and other financial institutions nationwide, will be closed on Monday, 16th September, 2024.

This is in observance of this year’s (2024) Eid-ul-Mawlid, a special day for Islamic faithful in the country.

Nigerian banks to close branches
Nigerian banks to close branches nationwide due to public holiday Photo credit: Bloomberg/contributor
Source: Getty Images

Bank workers to observe public holiday

In a message shared on X and signed by Magdalene Ajani, the permanent secretary of the minister of interior on behalf of the federal government said the public holiday is to mark the celebration of the Eid-ul-Mawlid, the birth of Prophet Muhammad.

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The statement noted that Dr. Tunji-Ojo urged the Muslim Ummah and, by extension, Nigerians to imbibe the spirit of patience, sacrifice, and resilience.

The message reads:

"The Federal Government has declared Monday, 16th September, 2024 as Public Holiday to mark the celebration of the Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad (Peace Be Upon Him).
"The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Muslim Ummah both at home and in the Diaspora on this occasion.
"Dr. Tunji-Ojo urged the Muslim Ummah and, by extension, Nigerians, to imbibe the spirit of patience, sacrifice, and resilience.
While congratulating the Muslim Ummah on the occasion, the Minister implored them to use the opportunity of the period to pray for enduring peace and a more prosperous egalitarian nation."

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Bank customers alternatives

Nigerian banks have sent out messages via email and social media platforms to announce the closure of branches nationwide.

They advised customers who were expected to make transactions using electronic banking services.

The major types of E-banking are online Internet banking, mobile banking, USSD, and Automated Teller Machines (ATM).

Ecobank message to its customers reads:

"Dear Customer, We wish to inform you that all our branches nationwide will be closed on Monday, September 16, 2024, in observance of Eid al- Maulud, as declared by the Federal Government. Normal banking activities will resume on Tuesday, September 17, 2024.
"During this period, we encourage you to use our digital channels, which are available 24/7 for all your banking needs. These channels include Ecobank Online, the Ecobank Mobile App, *326#, Cards, OmniLite, OmniPlus, and ATMs.
"We extend our warmest wishes to all our Muslim customers for a joyful Eid celebration. Thank you for choosing Ecobank, the Pan African Bank."

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Nigerian bank apologises to customers

Earlier, Legit.ng reported that Unity Bank had resolved the network issues that had affected its customers.

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria released a public statement on the network issues.

The bank has apologised for the inconvenience and announced that regular services have been restored

To further address the challenge, the bank has decided to open during weekends to alleviate customers' difficulties and provide additional support.

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Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.