
Zenith Bank







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, 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

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).

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.

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.

The Nigerian Communications Commission have finally unveiled the names and USSD codes of prominent banks to be disconnected due to their debts to telcos.

Eleven Nigerian banks led by Zenith Bank, GTCO and others have a combined market value of N7.90 trillion, according to data obtained from the Nigerian exchang.

The Central Bank of Nigeria has sanctioned nine banks N150 million each for failing to load cash in their Automated Teller Machines ATM at Christmas.

The Nigerian Communications Commission (NCC) has directed telecommunication companies to disconnect 18 banks due to their inability to pay N250 billion in debt.
Zenith Bank
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