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I was out with a friend of mine on Saturday who works with a bank here in Abuja. all of a sudden, he started lamenting and said he is no longer sure of his job .
When i asked why, he said that the bank he works with just passed a circular to the top management that they are sacking over 1,000 people and his fear now is he does not know if he will be affected
According to him, so many banks in Nigeria are set to sack thousands of their staff due to bad economy and negative effect of CBN policies on banks
One of the banks that have made it public to sack staff is first bank. this is as a result of a “very bad” 2015 earnings, which saw the bank’s profit slump by 82% to N15 billion.
The chief executive officer of First Bank of Nigeria, Adesola Adeduntan, while Speaking to Bloomberg in Lagos, said the bank expects to boost its return on equity (ROE) – a key measure of profitability – to between 11 percent and 14 percent in 2016 from 2015’s figure of 3 percent.
It will be noted that according to the International Monetary Fund Net profit fell to 15 billion naira ($76 million) from 84 billion naira in 2014, as impairments soared and Africa’s biggest economy slowed amid a crash in the price of crude, the biggest source of government revenue and export earnings. Growth decelerated to 2.8 percent in 2015, the lowest level since 1999, and may worsen to 2.3 percent this year,.
So many banks in Nigeria are suffering from this and some have started sacking their staff secretly .Have you noticed that when you go to some banking halls these day, you will only see one or two staff attending to over 50 people
We now imaging a bread winner of a family of 5, who has spent almost all his life working for a bank only for him to wake up one day and be told that his does not have a job any longer.
Coupled with the bad economy where the prices of everything has gone up by 70%, how is he and his family going to cope
The point is that, the banking sector is not the only one affected, so many companies are laying off staff, some will not sack you , but when you don't receive salary for 4 months, you will sack your self. it's clear to everybody that the economy is bad and we can't continue thinking the same old way we were thinking some years back if we want to have a happy tomorrow
As you are reading this, are you a staff of a company, do you think you are save. dont you think its time to set up a small business that can be bringing in something daily, weekly or even monthly.
If you don't know where to start, research around, ask a friend . There are so many opportunities out .....
http://www.onlinebasedmarketing.com/outcry-as-banks-set-to-sack-thousands-of-staff/
When i asked why, he said that the bank he works with just passed a circular to the top management that they are sacking over 1,000 people and his fear now is he does not know if he will be affected
According to him, so many banks in Nigeria are set to sack thousands of their staff due to bad economy and negative effect of CBN policies on banks
One of the banks that have made it public to sack staff is first bank. this is as a result of a “very bad” 2015 earnings, which saw the bank’s profit slump by 82% to N15 billion.
The chief executive officer of First Bank of Nigeria, Adesola Adeduntan, while Speaking to Bloomberg in Lagos, said the bank expects to boost its return on equity (ROE) – a key measure of profitability – to between 11 percent and 14 percent in 2016 from 2015’s figure of 3 percent.
It will be noted that according to the International Monetary Fund Net profit fell to 15 billion naira ($76 million) from 84 billion naira in 2014, as impairments soared and Africa’s biggest economy slowed amid a crash in the price of crude, the biggest source of government revenue and export earnings. Growth decelerated to 2.8 percent in 2015, the lowest level since 1999, and may worsen to 2.3 percent this year,.
So many banks in Nigeria are suffering from this and some have started sacking their staff secretly .Have you noticed that when you go to some banking halls these day, you will only see one or two staff attending to over 50 people
We now imaging a bread winner of a family of 5, who has spent almost all his life working for a bank only for him to wake up one day and be told that his does not have a job any longer.
Coupled with the bad economy where the prices of everything has gone up by 70%, how is he and his family going to cope
The point is that, the banking sector is not the only one affected, so many companies are laying off staff, some will not sack you , but when you don't receive salary for 4 months, you will sack your self. it's clear to everybody that the economy is bad and we can't continue thinking the same old way we were thinking some years back if we want to have a happy tomorrow
As you are reading this, are you a staff of a company, do you think you are save. dont you think its time to set up a small business that can be bringing in something daily, weekly or even monthly.
If you don't know where to start, research around, ask a friend . There are so many opportunities out .....
http://www.onlinebasedmarketing.com/outcry-as-banks-set-to-sack-thousands-of-staff/
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