Home BANKING & FINANCE Nigerian Banks Sack 340 Staff Every Week, Bureau Of Statistics Reveals

Nigerian Banks Sack 340 Staff Every Week, Bureau Of Statistics Reveals

Union Bank of NigeriaThe National Bureau of Statistics (NBS) has revealed that banks in Nigeria sacked no fewer than 340 workers every week between January and June this year

In its latest data analysis on banks in Nigeria, the NBS said that 8,663 people lost their jobs in the first half of 2017, saying that the figure means that an average of 340 people were sacked every week from January to June 2017.

The statistics is contained in a report today, Monday, titled: “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength.”

The report said that in the first quarter of 2017, 174 top executive staff were gainfully employed but that 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, dropping to 19,826 in the second quarter.

It said that in junior staff category, 33,783 were employed as at the second quarter which was less than the 36,202 that had jobs in the first quarter.

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The report said that the number of contract staff increased from 20,237 in the first quarter to 21,837 in the second quarter.[myad]