Finance

No plans to shut down during polls – Banks association

Interest rate hikeNigeria’s top five banks gross N4.5 trillion in one yearwill affect developers - operators

The Association of Corporate Affairs Managers of Banks, the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s ban king sector, has debunked the message purporting that the Central Bank of Nigeria is shutting down banking services for five days for Saturday’s presidential polls.

Read:  Seplat’s cash generation, capital investment to boost investors’ fortune

Specifically, the reports claimed that banks would shut down between February 23rd  and 27th.

In a statement issued by the ACAMB on Wednesday, and signed by President, ACAMB,  Rasheed Bolarinwa, the body described the report as fake news.

Read:  With Capacity to boost deposits enhanced, Zenith Bank leads banking sector with 69.9% liquidity ratio

ACAMB assured customers that banks had put adequate measures in place to ensure depositors continue to access money in their accounts during this period.

It added, “Customers who wish to carry out transfers or use electronic banking services will have unhindered access to these services before, during, and after the elections.”

Punch

Related posts

NPF Microfinance Bank gets N4.66b new equity capital.

NigGal

‘Forex inflows hit $2.55bn in two months’

NigGal

Customers decry banks’ inability to dispense old N200

NigGal

110th International Labour Conference holds

NigGal

Naira volatility: ABCON seeks BDCs engagement

NigGal

Prunedge wins big at 2022 BoICT awards

NigGal

Leave a Comment