The Central of Nigeria (CBN) on Wednesday said commercial banks in the country had assured that they would halt retrenchment of staff and contribute to stimulation of the economy. Mrs Tokunbo Martins, Director, Banking Supervision of the Central Bank of Nigeria (CBN) made the disclosure while briefing newsmen at the end of the Bankers Committee meeting in Lagos.

Martins said that chief executive officers of the banks reminded themselves of the role of banks in a challenging economy, with regards to lending. According to him, the executive officers interfaced with key players in the pension industry on how the country can leverage on the huge opportunities in the sector to stimulate the economy.

He said that deliberation at the meeting centred on the safe investment of pension funds. There have been uneasy calm in the banking industry in recent time due to the retrenchment of bank staff. As the retrenchment escalated, the Minister of Labour, Dr Chris Ngige, had a dialogue with banks authorities on how to end the exercise.

Read more at: http://www.vanguardngr.com/2016/10/banks-will-halt-retrenchment-cbn/ lalasticlala, dominique, Mynd44

After they have finished "sacking" ba..

It should have been The Central Bank of Nigeria (CBN) on Wednesday said commercial banks in the country had assured that they would reverse the retrenchment of staffs...

^^^^^

exactly.

@ CBN, what happens to those who have lost their jobs already? Will they be recalled? When exactly will these mass sacking stop?

Hope our economy improves to put a stop to all these incessant job loss threats.

Too late most banks have done the needful (sack) already

They had better!!!

It's too common with these banks, They retrench at will.


Even before the onset of the recession, It has always been a norm in the banking world.

Super story..... There's systematic retrenchment in most Nigeria banks.

The terse statement looks like some MDs have been bluntly threatened by CBN.
Why is this not news coming shortly after CBN withdrew their forex license?
Only the smart would read between the lines and not take this news in isolation

Ok

Funny thing about CBN. They have never said what we need to do to improve the Nigerian economy.

The foundation of the Nigerian economy is poor.

What we need is an economy based on manufacturing and industrialised agriculture.

Say whatever you wanna say...that's just the truth

Adesiji77:

Read more at: http://www.vanguardngr.com/2016/10/banks-will-halt-retrenchment-cbn/ lalasticlala, dominique, Mynd44

They halt it or they will do it silently? hooo they want to be stealing customers money to settle their large overhead?

LETS CALL A SPADE A SPADE, BUHARI IS THE CAUSE OF ALL THESE MESS.
HE CAUSED THIS ECONOMIC RECESSION WITH HIS USELESS ECONOMIC POLICIES.
GOVT. IS A CONTINUIOUS PROCESS, HOW CAN A PRESIDENT SUSPENDS POLICIES OF PAST GOVT JUST LIKE THAT. THE EFFECT OF THAT IS WHAT WE ARE SUFFERING TODAY.

Honestly this government is doing everything to make things change for better.

Buhari will go down as the worst president. Qed.

.

I hope it works