Business A.M
No Result
View All Result
Wednesday, February 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Economy

Banking activities plunge in Lagos,Abuja as NLC embarks on warning strike action

by Chris
January 21, 2026
in Economy, Frontpage

Business A.M

Financial and industrial operations were on Tuesday, ground to a halt across many government and corporate organisations as the Nigeria Labour Congress (NLC) commenced a two-day warning strike against the government’s  handling of  the petrol subsidy removal palliative and its adverse impact on the masses.

Business A.M observed that a lot of  banks, corporate and government organisations, in Lagos, the commercial nerve centre of the country, failed to conduct regular operations in compliance with the NLC “stay at home” directive.

The NLC and its 52 affiliate unions across the country, had a few days ago, declared a two-day warning strike in protest.

The congress accused the federal government of abandoning negotiations with the labour  union, adding that the government has failed to implement some of the resolutions reached at previous meetings.

The nationwide strike which commenced today was also supported by the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) directed workers in the finance industry in Nigeria, including commercial banks and insurance firme, to partake in the industrial strike action.

The union stated this in a circular dated September 2, 2023 signed by Mohammed Sheikh,its General Secretary,and addressed to all zonal councils/domestic committees.

At the Ajao Estate area of Oshodi-Isolo visited by Business A.M in Lagos, banking activities were at a lull as most of the banking halls were shut and customers were only allowed to make transactions at ATM points.

Workers at the Ikeja distribution company in the Alausa area of the state were locked out of their offices while civil servants at the Lagos secretariat were seen going about their normal duties.

The News Agency of Nigeria (NAN) correspondents in Abuja observed that

 affiliates of the NLC,  including banks, government ministries

and parastatal agencies, adhered to the NLC directives

A correspondent who visited some of the Ministries, Departments and Agencies (MDAs)

at the Federal Secretariat in Abuja, observed that very few workers were on ground.

Also, at the Radio House, the gate was locked preventing staff from going inside the premises.

NAN observed that some filling stations in town were closed in compliance with NLC directives.

It was also gathered that some banks as Access Bank, First Bank Nyanya, Union Bank in Area 3,

 among a few others were closed to customers. On the other hand, some banks were seen to be

 open to customers but operations were not as busy as the usual days.

Previous Post

Nigerian banks embrace fintech to compete with digital challengers

Next Post

Ecobank upgrades branches to enhance quality service delivery

Next Post

Ecobank upgrades branches to enhance quality service delivery

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
Egbin Power targets youth employability with tech skills initiative

Egbin Power targets youth employability with tech skills initiative

February 10, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

February 11, 2026
Affordability becomes key economic variable ahead of 2026 FIFA world cup

Affordability becomes key economic variable ahead of 2026 FIFA world cup

February 11, 2026
Access Holdings charts new course for pan-African expansion in value optimisation drive

Access Holdings faces regulatory speed bump in Bidvest acquisition

February 11, 2026
Releaf Earth’s credits put Africa’s carbon finance ambitions in spotlight

Releaf Earth’s credits put Africa’s carbon finance ambitions in spotlight

February 11, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Egbin Power targets youth employability with tech skills initiative

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

February 11, 2026
Affordability becomes key economic variable ahead of 2026 FIFA world cup

Affordability becomes key economic variable ahead of 2026 FIFA world cup

February 11, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M