femmy2010:


If bankers are loosing jobs cos of the advent of Online banking and ATMs then be sure personals would be needed to provide ATMS, maintain them and regularly protect online banking accounts.
The reality is just the changing times

Pavarottii:

Chei... people still not seeing d prob is from d head?

oluyale:


the push for a more cashless society is never Buhari's policies, I have been in this industry, and I can tell you, banks have always advocate for a more cashless transactions to reduce cost. What we are saying is, there is cash in the atm machines, there are pos in the superstores, theres is Internet banking for transfers.

So the less you come and do physical withdrawal the better for banks. Though I wish they can say it, in Nigeria Language

Reference:


They are responding to government's policies, haba, you too are slow. Government sets the pace of everthing. They should reverse TSA until the economy starts moving again. You don't create hurdles in a contracting economy, period, think man, think.

linusbnn:



You did not read where they wrote to reduce staff/expenses?. If the economy is good,bank will employ more to capture the mrkt.

redcliff:


Read his comment properly and understand. He talked about cause and effect

redcliff:


Read his comment properly and understand. He talked about cause and effect

ZoggingMaster:
I'm not here for politics but from what you said, you are the intellectual slowpoke. If the Bankers Committee approached the CBN as stated, does your educated mind not tell you that it's their way of responding to the pressure of the current economic crisis ushered in by Buhari’s administration? SMH

eph12:

The banks are only reacting to the present condition of the economy which is coordinated by the economic team headed by Mr President. They are not in the business to make loss so I don't blame them.

proeast:
His policies, actions & inactions are at the root cause of the economic implosion. The dullard is responsible!

luciouscookie:

Let's blame Gej then.

luciouscookie:

Let's blame Gej then.

MRSALT:
Buhari has finally destroyed the most robust economy in Africa just within one year. Some people will come now and say former administration is the cause. But in the history of Nigeria, there are times we had no foreign reserve and the sell of crude oil was as low as $35 dollars per barrel, yet banks did not regulate the amount of cash an individual could withdraw. May Nigeria never go Greece way. If you do not understand, the banks are indirectly saying 'there is no money' because people are withdrawing cash from their accounts in order to buy dollars from the black markets . Now, banks have no dollars to sell and they have no cash to give you.

MRSALT:
Buhari has finally destroyed the most robust economy in Africa just within one year. Some people will come now and say former administration is the cause. But in the history of Nigeria, there are times we had no foreign reserve and the sell of crude oil was as low as $35 dollars per barrel, yet banks did not regulate the amount of cash an individual could withdraw. May Nigeria never go Greece way. If you do not understand, the banks are indirectly saying 'there is no money' because people are withdrawing cash from their accounts in order to buy dollars from the black markets . Now, banks have no dollars to sell and they have no cash to give you.

blackberlin:
I know Buhari has not performed up to expectations and as a matter of fact, I have flogged the APC on countless topics, but this move by banks is a no-no!

Instead of banks to start getting edgy because of FX scarcity and the state of the economy, they should start getting more innovative. What are those things that can be done to reduce the rate of withdrawals? How can they corner the BDC business from the Abokis they have relied on for so long? How can they utilize the readily available workforce in a productive way to improve the customer base? These are the vital questions they need to ask themselves. . .

One of the issues of the Nigerian business environment is lack of innovation. The same banks are too scared to give out loans without collateral, thus limiting the amount of investments they have in the people and their own profit.

Instead of running around trying to reduce the rate at which people withdraw, let them try to increase the rate at which people deposit.

Nobody ever won a fight by dodging punches, you win by throwing stronger ones.

mikolo80:
what is the economic situation.?did Buhari mispend oyel moni for 60 years.?

did he refuse to build refineries?
did he refuse to diversify the economy for 16 years?
do you even know what an economy is and how it is organised?
is this how you will be reasoning if you are made a special adviser?
no wonder the old timers have refused to hand over to the ''leaders of tmrw ''

mikolo80:
not this time. this time it's on the banks.
Buhari did not stop them from diversifying their portfolio. they've had decades to do so but instead chose to play musical chairs with our money. dem tink say banking na by clean shave or antelope high heels

eph12:

We shouldn't worry ourselves with what the banks are doing. If they like they can sack thousands. We have the N-Programmes, abi what is the name, to absorb everyone.

mikolo80:
that line of thinking right there is why we are in this mess.

eph12:

The right thing to do is to take responsibility and fix everything wrong with our country and I believe that is what the government is trying to do or I think. You on the other hand can continue to sit in a corner and cry about the misrule of the past 60 years.
If you expect business owners not to react in ways that will favor them then you don't know a thing about business. People are in business to make profit not for charity organization. Those we elected in are our political officers and they are the ones we can hold responsible.
If militants or boko haram or Fulani herdsmen are having a field day i can't blame them. I instead blame those that are being paid with our taxes to stop them from operating.

eph12:

In case you missed it I was being sarcastic

eleojo23:
Hmmm...OYO is their case!

elvision1:


analytically you can say Ali won some of his greatest fights dodging punches in a rope-a-dope stategy. Lol

mikolo80:
nothing wrong with our economy but lazy bankers, lazy leaders, lazy voters. who hold them for 30 to 40 years that they did not diversify their exposure to govt money. which of them invested in Agric or industry or housing. now the music has stopped they are scrambling for chair to sit down. it's not govt fault that they were hiring staff that added no value. (no be by part time prostitutes).

linusbnn:



You have never done anything marketing before. We re waiting for this govt to diversify the economy

mikolo80:
I sell insurance two years, does that count. or you think you re invented the wheel or ma small pikin you de talk to. your hubris is cute to say d least. I've been on this matter for 20 years, when did you start caring about the economy. you think it's just to come and parrot what you overheard on some media here ba.if I ask you to list how economies apdtatgjt you will go silent

mikolo80:
is Buhari a member of bankers committee. Why do you not read bfor you comment. It was in the first two lines. You cannot possibly be that lazy

antonreal:


if the economy was ok,would there be any need for all this? would the banks wanna lay off workers? I have warned u several times,start using ur head and not anus to think ... haba!!!

linusbnn:



Prof in economies I greet you sir. Na you be economies no vex. I worked with Fidelity bank too.