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Bank Employees Got Pay Increase After Subsidy Removal – KPMG - Career (2) - Nairaland

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Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by chidi2pus(m): 10:15am On Oct 05, 2023
webincomeplus:

So, banks now print money at will? I wonder why you people feel free to embarrass yourself in an attempt to appear enlightened.

He's talking about CBN
and he's 100% correct

Wage increment as a result of higher cost of goods and services is nothing but additional fuel for the inflation.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Proudlyomonna: 10:15am On Oct 05, 2023
GreaterFuture:
Still poor
They may have tried considering the extent to which they are possible, (those In the know can further Educate us), but salary scale generally in Nigeria is Poor
These are essential workers for a company, and things are very high now

Yes but an increment nonetheless.

Salary earners dey try no be small oo undecided
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Lanretoye(m): 10:22am On Oct 05, 2023
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues. It's just banks printing enough money which goes back to inflation.

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.
there is virtually nothing you people will never kick agains,always finding fault in everything as if they do things perfectly even in their own immediate family,only to come only and form Mr know it all.

3 Likes

Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Caleb15(m): 10:24am On Oct 05, 2023
About time
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by CANTICLES: 10:24am On Oct 05, 2023
olatade:
I hope the outsourced companies won't cut more than 5% of the said amount.

What else do you expect from those greedy lots?
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by CANTICLES: 10:25am On Oct 05, 2023
Majesty7:


Don't mind them. Most of these bank workers are contract staff. They are just bunch of liars.

It's all games then.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by webincomeplus(m): 10:28am On Oct 05, 2023
chidi2pus:


He's talking about CBN
and he's 100% correct

Wage increment as a result of higher cost of goods and services is nothing but additional fuel for the inflation.

He wrote "banks", not CBN. They are not the same.

1 Like

Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Quebec91(m): 10:37am On Oct 05, 2023
Confirm! 👍
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues. It's just banks printing enough money which goes back to inflation.

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by MrBroke(m): 10:41am On Oct 05, 2023
God when I go revieve salary and all this free government money dem grin
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by osazsky(m): 10:42am On Oct 05, 2023
Is the increase for only private workers when will fg workers gets it increase imagine a cleaner getting 120k..federal cleaners take home just 30 k what is nlc doing Abt this..
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by jojothaiv(m): 10:47am On Oct 05, 2023
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues. It's just banks printing enough money which goes back to inflation.

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by osazsky(m): 10:51am On Oct 05, 2023
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues. It's just banks printing enough money which goes back to inflation.

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.
better than non increase...zenith bank workers and federal workers where not d ones that caused the inflation d country is currently experiencing
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by FanOfMyself: 10:51am On Oct 05, 2023
Racoon:
Oya bank employees over to unu for confirmation. If true, then thanks to the regulatory agency.
Sterling Bank did 15% increment last month.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by membranus: 10:53am On Oct 05, 2023
Still it is too little a remuneration for this categories of employees in this crazy economy where food prizes are running riots everyday.

Banks should do more, the excessive profits they are declaring every year should not be allocated for the directors only.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Incredible128: 10:54am On Oct 05, 2023
Did I read right?? grin I saw 70-80k for cleaners; in this Nigeria grin grin pls can anybody help confirm that?? grin grin
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by UnemployedGradu: 10:59am On Oct 05, 2023
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by UnemployedGradu: 11:00am On Oct 05, 2023
Incredible128:
Did I read right?? grin I saw 70-80k for cleaners; in this Nigeria grin grin pls can anybody help confirm that?? grin grin
my friend is a cleaner at Zenith, she told me they paid her 100k last month.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by ImoleNaija: 11:08am On Oct 05, 2023
osazsky:
Is the increase for only private workers when will fg workers gets it increase imagine a cleaner getting 120k..federal cleaners take home just 30 k what is nlc doing Abt this..

grin grin
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by blacksam01: 11:10am On Oct 05, 2023
Ahmed0336:
Access and first bank no follow? undecided

they also increases...my friend at first bank got 45% pay rise
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by BreconHills(m): 11:11am On Oct 05, 2023
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues[b]. It's just banks printing enough money which goes back to inflation. [/b]

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.

Banks don't print money. Only the CBN can do that.

Nigerias inflation is cost push inflation fuelled by low value of local currency against the USD.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by osazsky(m): 11:11am On Oct 05, 2023
UnemployedGradu:
my friend is a cleaner at Zenith, she told me they paid her 100k last month.
is d increase for only private workers?
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by blacksam01: 11:11am On Oct 05, 2023
UnemployedGradu:
you would never see U.B.A on the list! Evil bank!

uba also increased but by 25%.. accross all staffs
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by blacksam01: 11:12am On Oct 05, 2023
Incredible128:
Did I read right?? grin I saw 70-80k for cleaners; in this Nigeria grin grin pls can anybody help confirm that?? grin grin

very very true
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by osazsky(m): 11:15am On Oct 05, 2023
blacksam01:


very very true
is d increase for only private workers sir
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by osazsky(m): 11:15am On Oct 05, 2023
blacksam01:


they also increases...my friend at first bank got 45% pay rise
is d increase for only private workers sir
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by morrisono111: 11:19am On Oct 05, 2023
It is true..My friend salary was increased from 120k to 230k in fidelity bank and Zenith bank
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by UnemployedGradu: 11:22am On Oct 05, 2023
blacksam01:


uba also increased but by 25%.. accross all staffs
it's not true, my friend works there. Tony elumelu is a greedy capitalist!
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Larryndelaw: 11:23am On Oct 05, 2023
CaveAdullam:
An increase in wages will not solve their economic problem. There's hyperinflation in the land. By the way, the funds made for this increase didn't come from business revenues. It's just banks printing enough money which goes back to inflation.

The #10 note of today is the same #10 note from decades ago. But what has changed, that this same note can't afford the same value?

It comes down to economic policies, open trade, the lives of SMEs, production, manufacturing, bureaucrats, export, import, security, etc. When these factors are not taken into consideration, there can't be economic or individual prosperity.

Thanks.
Rubbish analysis
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by UnemployedGradu: 11:26am On Oct 05, 2023
morrisono111:
It is true..My friend salary was increased from 120k to 230k in fidelity bank and Zenith bank
this is lie, the increment is not up to that.
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by Jogs1900: 11:29am On Oct 05, 2023
Once they convert it to USD, they will know their purchasing power is still low
Re: Bank Employees Got Pay Increase After Subsidy Removal – KPMG by GreaterFuture(m): 11:31am On Oct 05, 2023
Proudlyomonna:


Salary earners dey try no be small oo undecided

What do you mean by then dey try..? don't really get

1 Like

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