Zenith Bank
Dormant accounts rise as Zenith, Access, UBA activate 102 million bank accounts in 2024
According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian banking industry as of December 2024.
Four banks' USSD code may no longer work as deadline to clear debt ends
Nigerian banks have been paying their debts to telecommunication companies for Unstructured Supplementary Service Data (USSD) services since 2019.
7 Nigerian banks raise N1.3 trillion as race to beat CBN recapitalisation deadline heats up
About seven banks, mostly tier-1 entities, have raised about N1.3 trillion in pursuit of the Central Bank of Nigeria (CBN) recapitalisation deadline.
Relief for customers as MTN, Glo, and 9mobile will no longer disconnect 9 banks’ USSD codes today
Deposit Money Banks (DMBs) that owed telecommunication companies and were facing USSD disconnection are now safer after making last-minute payments.
UBA, Zenith, 7 other banks rush to settle USSD debts ahead of January 27 disconnection deadline
Nine banks are scrambling to repay debts owed to Telcos from the use of USSD codes and avoid being disconnected from the service by the January 27 deadline.
Zenith Bank reportedly increases staff salaries, promotes 4,000 employees
Zenith Bank, one of Nigeria's tier-one banks, has reportedly increased its staff salaries and promoted about 4,000 of its personnel in a company-wide restructuring
Access, Union Bank, Zenith, other banks begin implementation of PoS withdrawal limits
Commercial Banks have commenced the enforcement of daily and weekly withdrawal limits of N100,000 and N500,000 ordered by the Central Bank of Nigeria (CBN).
Zenith Bank sacks employees, promotes others as it restructures its operations
Insiders said that Zenith Bank, one of the largest lenders in Nigeria, laid off several senior staff members as part of a significant organizational restructuring.
Full list: Customers of 9 Nigerian banks will no longer be able to use USSD codes from January 27
The Nigerian Communications Commission (NCC) has announced that the USSD codes of various Nigerian banks will stop working unless a five-year debt is paid.
Zenith Bank
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