No mass sacking of bankers in NigeriaNo banker will be sacked in Nigeria at least during the period of coronavirus pandemic, which has disrupted economies across the world.In a special meeting between the Central Bank of Nigeria (CBN) and bankers committee, the two agreed to suspend lay-offs in banks. A special meeting of the bankers' committee was convened on May 2 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 given the disruptions emanating from the global economic difficulties. For More of This and Other Stories, Grab Your Copy of the Standard Newspaper. Read Now »Last Month, Nigeria requested $6.9 billion from multilateral lenders to combat the impact of the coronavirus pandemic on Africa’s biggest economy.

Source: Standard Digital May 04, 2020 14:48 UTC