Nigerian banks are expected to close their branches across the country on Monday, and Tuesday This is to comply with the public holiday for Nigeria’s Christmas and boxing day celebration announced by the federal government Banks have now directed customers to make use of other electronic banking channels to carry out their transaction.
Commercial banks including other financial institutions will be closed across the country on Monday, December 25 and Tuesday, December 26, 2023. This is in celebration of the Christmas and Boxing day public holiday.
The holiday closure will further compound the troubles for Nigerians in search of cash. Bank workers to observe public holidiay
Our correspondents had previously reported that Monday, December 25th, marks the joyful celebration of Christmas Day, a cherished holiday observed by millions of Nigerian Christians and others worldwide.
It’s a time when people come together to commemorate the birth of Jesus Christ, exchange gifts, share festive meals, and create lasting memories with loved ones. While Tuesday, December 26th, is celebrated as Boxing Day in many parts of the world, including Nigeria, Canada, the United Kingdom, and several other countries. This holiday is a time for giving back and showing appreciation for the service industry and a day for sports, shopping, and charitable activities.
Customers to use E-banking Banks advise customers expected to make transactions on Monday and Tuesday to make use electronic banking services. The major types of E-banking are online internet banking, mobile banking, USSD, and Automated Teller Machines (ATM). Wema bank in its message to customers reads:
“Dear Customer: This is to notify you that our branches will be closed for the Christmas holidays on Monday 25th and Tuesday 26th December, 2023 and will resume regular operations on Wednesday 27th December, 2023.
“We encourage you to take advantage of our alternative banking channels for your financial needs during this period.”
Earlier, Legit.ng reported that PoS operators hiked charges to over 100% following persistent cash scarcity. Check showed that the PoS operators, severed as a last resort for cash-strapped Nigerians, increased their fees to N400 for every N10,000 withdrawal instead of the N200 they previously charged. The situation is worse in some states, especially in Lagos, where most ATMs are dry, or customers form long queues to withdraw.