HomeBusinessWhy Nigerian banks are closing thousands of branches

Why Nigerian banks are closing thousands of branches

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Nigerian banks announce branch closures for Democracy Day, urging customers to use digital banking servicesCustomers express concerns over potential transaction delays during the public holidayDemocracy Day commemorates Nigeria’s return to democratic governance, while many businesses remain closed

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

Several Nigerian banks, including Access Bank, UBA, Zenith Bank and other financial institutions, have informed customers of temporary branch closures ahead of the Democracy Day public holiday.

The notices, which were sent through emails, SMS alerts and social media updates, advised customers that banking halls nationwide would not operate on Friday, June 12, in observance of the national holiday declared by the Federal Government.

Nigerian banks announce plans to close branches nationwideZenith, UBA, and other banks announce closing time ahead of Democracy Day. Credit: Novati
Source: UGC

The development means thousands of bank branches across Nigeria will remain shut for the day, while customers are encouraged to

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