The Central Bank of Nigeria (CBN) has announced the decision reached with banks in the country concerning lay-offs.
As Nigeria battles coronavirus, there are fears in some quarters that the jobs of many citizens, including bankers, were at risk.
Isaac Okorafor, CBN Director, Corporate Communications, in a statement Sunday evening, said a meeting of the Bankers’ Committee was convened to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
He disclosed that the committee particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties.
Okorafor said it was decided that 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)”.
“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,” the CBN spokesman added.
Edujandon.com reports that in the United States, 30 million Americans have filed unemployment claims, while first-time claims benefits reached 3.8 million in the week ending April 25.
It remains to be seen how the Nigerian government really intends to manage the situation as the economic shock of coronavirus deepens.
El-Rufai: Fuel scarcity looms as oil workers threaten nationwide strike
I don’t make money from Nigeria – Burna Boy
Gunmen invade court in Katsina, kidnap Judge
Naomi Campbell just gave birth to her first baby at age 50
We are no longer part of Nigeria, We won’t have anything to do with them again – Sunday Igboho claims After South-west governors Support (Details below)
Finally The Unknown Gunmen And Their Nurse In Rivers State Are Killed By The Rivers State Police Command In Oyigbo (Details below)
Police Arrest Truck Transporting Over 150 Hausa Men, Children To South- East (Details below)
Asaba Declaration: Southern govs resist Senate’s anti-restructuring stance
- News1 day ago
Buhari Is Not Ruling Nigeria, Ex-President Jonathan Declares, Reveals People in Charge (Details below)
- News2 days ago
REVEALED: This is How Northerners Are Allegedly Planning to Break up Nigeria (Details below)
- Entertainment2 days ago
Botched Surgery: Dr Anu has done it again o — Lady cries out (Photos)
- News1 day ago
Cattle valuable than oil and gas —Adamu Garba