The Central Bank of Nigeria and the banks in the country have agreed to shelve the planned sack of workers in the banking sector as a result of the pandemic.
This was contained in a statement on Sunday by the apex bank’s Director, Corporate Communications, Isaac Okorafor.reports that the Presidential Task Force Team on COVID-19 had said last week that banks would be allowed to re-open for commercial operations as the lockdown eases in parts of the country effective Monday, May 4.
But the apex bank said it convened a meeting with the banks to review the economic impact the proposed action would have on workers and their families, especially at such a difficult time. “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 .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: CBN, banks take decision amid fears of mass sack - Daily Post NigeriaThe Central Bank of Nigeria (CBN) has announced the decision reached with banks in the country concerning lay-offs. As Nigeria battles coronavirus, there
Read more »
Court Strikes Out N1.2bn ‘Debt’ Suit Against CBN, Four Banks | Sahara ReportersCourt Strikes Out N1.2bn ‘Debt’ Suit Against cenbank, Four Banks | Sahara Reporters The family, represented by 11 members on February 25, 2020, approached the court, claiming that the sum was debt due and owed to them by the... READ MORE:
Read more »
$3.4bn Support: IMF To Conduct Due Diligence On CBN – Daily TrustThe International Monetary Fund (IMF) has indicated its intention to conduct a due diligence exercise on the Central Bank of Nigeria as part of a fresh ‘safeguards assessment’, following its latest $3.4bn support to the government in the country’s fight against the COVID-19 pandemic. The Breton Woods institution in a FACTSHEET hoisted on its website, …
Read more »
COVID-19: Withdraw old naira notes from circulation, group tells CBN – Daily TrustThe Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic. The group made the appeal in a statement it issued in Lagos on Saturday. The News Agency of Nigeria (NAN) reports that the statement was jointly signed …
Read more »
Withdraw old naira notes from circulation, group tells CBN“It is more worrisome that when you withdraw from ATMs across the country, what you have on your hands are dirty, mutilated and tattered naira notes which ought to be rejected outright by all Nigerians lest they expose themselves to a health hazard.”
Read more »
$3.4b loan: CBN gives IMF access to external audit reportsNigeria also promised the IMF not to 'introduce measures or policies that would exacerbate the current balance-of-payments difficulties.'...
Read more »