FirstBank shuffles operating hours nationwide
By Abimbola Mohammed
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has reduced operation hours in almost all its branches across the country.
According to a statement on the company’s official website and memo pasted in the affected branches, effective from 11th of April 2022, the branches will now open from the hours of 8:00 AM to 3 PM, 8: 00 AM to 2:00 PM, 8:00 AM to 1:00 PM and 10:00 AM to 3:00 PM, while branches that are not affected by the new development will maintain status quo.
The statement reads: “We have revised our banking hours across all our locations. The revised opening and closing hours will be effective from Monday, 11 April 2022.”
Although the bank didn’t clearly state the reason behind the change, it is implied that the bank took the decision because of the increasing cost of diesel which is used to power most of its branches.
This new development also comes in the wake of the incessant national grid collapse that has over time left the country in darkness forcing organizations to heavily rely on diesel for their operations.
In some areas, the pump price of diesel per litre has risen to as high as N800 from the N225/litre in January 2021.
Mostly used by large and medium sized businesses to run their daily operations, the price of diesel, which is largely unregulated, has surged by over 113% in the last 14 months.
RECOMMENDED ARTICLES
Comment
No comments found.