Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


More banks to close amid fuel scarcity

25 May 2015, 14:28 Augustine Osayande

Abuja - It appears more financial institutions are feeling the pinch of the current shortage of petroleum products in the country.

CAJ News has established that Sterling Bank will suspend operations on Monday afternoon as a result of the crisis.

According to a senior staff of the bank, who did want his name published in the media, the prevailing scarcity of petroleum products was having an adverse impact on operations.

“We wish to inform you that the prevailing scarcity of petroleum products in the country has limited our supply of diesel. As a result, our branches nationwide would be closing for business operations at 2pm today Monday, 25 May 2015,” he said on condition of anonymity.

Also Read: Fuel scarcity might ground Nigeria mobile telcos

The official added that although bank was working hard for solutions, resumption of operations depended on availability of fuel.

“We work towards finding alternative solutions but we advice our customers to carry out transactions through our ATMs and alternative e-channels” he said

The imminent closure follows similar action Guaranty Trust Bank said it would take on Monday afternoon.

- CAJ News

Tags banking fuel

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...