Business
CBN Stops Access Bank, Others From Sacking Workers
TRACKING___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 particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties and decided as follows:
1. In order to help minimize and mitigate the negative impact of the COVID19 pandemic on families and livelihoods, no bank in Nigeria shall retrench or lay-off any staff of any cadre (including full-time and part-time).
2. To give effect to the above measure, the express approval of the Central Bank of Nigeria shall be required in the event that it becomes absolutely
necessary to lay-off any such staff.
The Central Bank of Nigeria solicits the support of all in our collective effort to weather through the economic challenges occasioned by the COVID-19 pandemic.
Isaac Okorafor
Director, Corporate Communications
-
News6 days ago
A Baby Girl Was Found Abandoned by the Roadside With a Note Attached to Her.
-
Politics4 days ago
Minimum Wage: Labour Declare Indefinite Nationwide Strike June 3
-
News4 days ago
How The Nigerian Man Who Allegedly Kidnapped A Ghanaian Lady And Her Nigerian Friend Used Videos To Lure Them
-
Crime6 days ago
Pregnant woman found dead inside the bush; Sakawa guys ticked as the suspects behind the murder
-
Politics5 days ago
Group Rejects Obaseki’s Appointment Of Prince Edward Umole As Okpe-Ukpi
-
News4 days ago
Military Declares 11 Wanted Over Plateau Killings
-
News7 days ago
IYC Calls For Justice For Slain Ijaw Son and Commends Police Commissioner For Taking Action
-
News4 days ago
Police Arrest Another Notorious Cultist in Anambra, Recover Gun