CBN, Bankers’ Committee Suspend Retrenchment Of Banks’ Staff

Posted by FN Editor | 4 years ago | 1,090 times



The Central Bank of Nigeria (CBN) and the Bankers’ Com­mittee, the umbrella body of managing directors of banks and top officials of the CBN have told banks in the country to suspend any plan to lay-off staff at this moment.

The CBN, in a statement on Sunday and signed by the Director, Corporate Com­munications, Isaac Okora­for, said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the impli­cations of the COVID-19 pandemic on the Nigerian banking industry.

The committee, according to Okorafor, particularly de­liberated on the issue of the operating costs of banks in view of the disruptions em­anating from the global eco­nomic difficulties and made some decisions.

 


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