Banks, Companies Suspend Operations Amid Nationwide Protests

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The ongoing nationwide protests in Nigeria have led to the closure of commercial banks, pension companies, and other businesses.

The protests, which began on Thursday, are a response to the country’s economic hardship and soaring cost of living, with demonstrators demanding a reversal of certain policies implemented by President Bola Tinubu.

Banks in several locations, including Mowe, Ogba, Osogbo, and Ibadan, shut their doors to customers, citing security concerns.

Although no official announcements were made, security guards turned customers away.

Pension companies, such as Pal Pensions and Oak Pensions, had earlier announced that their offices would be closed on August 1 and 2, citing security concerns.

Coronation Registrars, a financial service provider, also closed its offices as a precautionary measure, prioritizing the safety of employees and customers.

Additionally, Foodco Nigeria Limited announced that its stores nationwide would be closed on Thursday to prevent potential issues and ensure the safety of customers and staff.

These closures may cause inconvenience, but companies are working to minimize the impact and will resume normal operations as soon as possible.

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