Friday , September 25 2020
Home » Market » Capital Market » COVID-19: Banks plans to lay- offs  staffs  
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria.

COVID-19: Banks plans to lay- offs  staffs  

 

In a move to help minimize and mitigate the negative impact of the COVID-19 pandemic on families and livelihoods connected to the nation’s financial institution’s, the Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed that no bank shall retrench or lay-off any staff of any cadre including full time and part-time.

Director, Corporate Communications, CBN, Mr. Isaac Okorafor who disclosed this in a statement on Sunday said to give effect to the measure above, the express approval of the Central Bank of Nigeria shall be required in the event that it became absolutely necessary to lay-off any such staff.

Okorafor added that the Central Bank of Nigeria solicited the support of all in their collective effort to weather through the economic challenges occasioned by the COVID-19 pandemic.

A special meeting of the Bankers’ Committee was convened on Saturday, May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.

The committee particularly deliberated on the issue of operating costs of the banks in view of the disruptions emanating from the global economic difficulties.

 

About Editor Charles

Check Also

CBN goes tough With Exporters Over Forex Infractions 

By Charles Nwaoguji Tough times await exporters that have defaulted in repatriating their exports proceeds. …

LAPO Combats Cancer, Sensitizes 88,627 Community Members

By Charles Nwaoguji Lift Above Poverty Organization (LAPO) sensitized 88,627 community members against cancer between January and July 2020 as …

Why we want to reward our customers –  Zenith Bank

By Charles Nwaoguji Zenith Bank Plc, has commenced its “Zenith Beta Life” Promo to reward …

CBN demands exclusive rights to license banks and revoke them

The Central Bank of Nigeria (CBN) has urged the Senate Committee on Banking, Insurance and …

How GTBank receive awards for covid-19 response    

  Guaranty Trust Bank Plc has been awarded the Euromoney Excellence in Leadership Africa Award, …

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright @ 2018