Nigerian banks sack 340 staff every week – NBS

The National Bureau of Statistics (NBS) says its latest data analysis on banks in Nigeria revealed that 8,663 people lost their jobs in the first half of 2017.
The figure means that an average of 340 people were sacked every week from January to June 2017.

The NBS statistics is contained in a report on Monday titled “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength.”
In the first quarter of 2017, 174 top executive staff were gainfully employed but the figure reduced to 161 in the second quarter.
Figures for senior level staff showed that 20,483 were on payroll in the first quarter. This dropped to 19,826 in the second quarter.
For junior staff category, 33,783 were employed as at the second quarter, lesser than the 36,202 that had jobs in the first quarter.

However, the number of contract staff increased from 20,237 in the first quarter to 21,837 in the second quarter.