Access, UBA, Wema, GTB, Zenith, Others Announce New Closure Time, Plan To Shutdown Branches

Access, UBA, Wema, GTB, Zenith, Others Announce New Closure Time, Plan To Shutdown Branches

  • Nigerian banks, including Zenith, UBA, and GTB are set to close early on Friday ahead of the New Year
  • In messages to customers, the banks explained that the decision is in compliance with the federal government's directive
  • This decision applies to all commercial banks and other financial institutions operating in the country journalist Dave Ibemere has over a decade of experience covering tech, energy, stocks, investments, and the economy.

Commercial bank branches across the country are expected to close before the usual 4pm on Friday, December 29, 2023.

In a message to customers seen by, the banks explained that the closure is in preparation for the New Year holiday announced by the federal government.

Nigerian banks to close
Nigerian banks to close branches early Photo credit: Patrick Meinhardt
Source: Getty Images had earlier reported that the federal government declared January 1, 2024, as a public holiday.

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The minister of interior, Dr Olubunmi Tunji-Ojo, announced on behalf of the federal government on Friday, December 22.

Banks notify customers of the changes

In response to the holiday, Nigerian banks have sent notifications to customers announcing changes in operations.

Wema Bank, in an email to customers, encouraged customers to come early for their transactions on Friday.

"Notice of Early Closure on December 29, 2023.

"Dear Customer, this is to notify you that all of our branches will be closing early at 2pm on Friday 29th December, 2023 for the New Year holiday. Normal banking activities will resume on Tuesday 2nd January, 2023.
"We encourage you to take advantage of our alternative banking channels for your financial needs during this period."

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Similarly, Polaris Bank notifies customers.

"Notice of Early Closure for the Holiday Season Dear Esteemed Customer, Compliments of the Season!
This is to inform you that our banking halls will close by 2pm on Friday, 29th December, 2023 for the New Year celebration and reopen on Tuesday, 2nd January, 2024.
Our Alternative channels remain available for your seamless banking experience."

First Bank also said:

"Kindly be informed that our branches nationwide will close to customers by 1pm on Friday, 29 December 2023.
"Please be assured that you can still bank with us through our alternative channels below: *894#, FirstDirect, FirstMobile, FirstOnline, Firstmonie Wallet, NQR."

Access, Zenith, United Bank for Africa and other banks are expected to observe the same operation.

Bank workers protest sack of colleagues, make demands

Earlier, reported that Nigerian bank workers' unions protested the termination of employment of some of their members at Heritage Bank

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The union alleged unfair labour practices and claimed the affected workers were dismissed without compensation.

The union is demanding justice for the affected workers while urging the bank to settle the severance benefits that have remained unpaid for three months.


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