Bank workers are so used to this kind of news now that they are no longer bothered like years before but consider it a clarion call for action and vigilance...

Following a recent revelation that some three banks will need to raise their capital base in the first quarter of 2016, there are indications that some of the banks may opt for merger or acquisition as a way out of the problem.

These now raise the fears that there might be lots of job loss if some of the banks merge or one acquires the others.

Speculation is rife that about six commercial banks are in need of recapitalisation and would likely merger to stay in business by 2016.

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, had dismissed reports that eight banks were in need of fresh liquidity claiming “there is no Nigerian bank that has capital adequacy problem today and all the news around that is false.

“We stress-test banks’ balance sheet and profit loss accounts on a regular basis using different scenarios. That is what we do as a responsible central bank that monitors the strategic health of banks. We carry this exercise out as a practice and I hope this puts this matter to rest.”

Crude oil prices have fallen to as low as $38.11 per barrel from over $110 per barrel a year ago. This has adversely affected banks’ oil assets.

Besides, the level of non-performing loans in the sector has risen.

Managing Director, Sterling Bank Plc, Yemi Adeola, who gave a hint last week, said he envisaged possible shrinking in the number of local banks in the New Year.

There are already moves suggesting that trend, he said, but he did not name any bank.

http://leadership.ng/news/484518/massive-bank-job-loss-imminent-2016 lalasticlala, dominique, Seun

Hmmmmm.....

God will hear our prayers soonest.

Meanwhile, make any of my bank no tell me story any day I wan withdraw.

Oga o, to open mail from HR now go be wahala

WHEN GOD NO GREE GIVE ME BANK JOB, I ALMOST CRY BUT NOW I SEE SAY HIM THEY TRY PROTECT ME FROM Buhari-NOMICS. PLEASE, HELP ME TO THANK GOD FOR HE KNOWS WHATS BEST FOR US.


@TOPIC, Buhari MAKA WHY

I don't really understand this story abeg.




Who can explain please



Dubem

Good for them...

They asked for the evil change and the wicked change is here.

Enough suffering in the land.

Not surprise. If booohari fit sack, watin you carry private wait.

Contract slavery job. Yet, no peace of mind?
Endtime bank job

What is new here? Besides, this news is based SOLELY from speculation and assumptions from first paragraph to the last.
Rubbish news.

Bankers beware

K

Buhari oooooooooooooooooooooooooo

H

This na popular news especially since the inception of this administration. We are used to it.

Majority of my friends work in a Bank, God please protect there jobs please

Firefire:
Good for them...

They asked for the evil change and the wicked change is here.

Enough suffering in the land.

Will you be quiet!

Is it the present administration that is responsible for the country's present situation?

If you guys don't have anything to say why don't you shu.t it.

They should go ahead mbok.

Signs of End time

@d kal of dah name buhari...scarcity of evryting dey always surface...

Once a soldier, forever a soldier. Soldier go soldier come, Barrack still remains....... May your days be long Baba Buhari. God bless me (I don't know about my haters) God bless you (I don't know about your enemies) God bless Nairaland (I don't know about Porn star forums) God bless Buhari ( I don't know if God will bless Sani Abacha) God bless A.P.C (I don't know about P.D.P) God bless Federal Republic of Nigeria ( I don't know if God will bless Biafra)

It will pervade our whole economic landscape. The only option is farming. Farmers will be the new Kings on the Block

Jeromejnr:

Jeromejnr post=41144053:


Will you be quiet!

Is it the present administration that is responsible for the country's present situation?

If you guys don't have anything to say why don't you shu.t it.

.

Get lost!

Face yah front. Nonsense.

Demmocrats:
Majority of my friends work in a Bank, God please protect there jobs please

MAKE THEM GO MOUNTAIN

I suspect wema, unity, sterling and union banks

God, help us all....

These sort of depressing news only further strengthens my resolve to leave the Rat Race.