Monday, 21 August 2017

About 360 were sacked from Nigerian banks every week from Jan to June

The National Bureau of Statistics in a recent data analysis has shown that 8,663 people lost their jobs in the first half of 2017.

The figure shows that an average of 360 people have been sacked every week from January to June 2017.

According to a report titled Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength released by the bureau on Sunday, a total of 8,663 lost their jobs and more contract staff were employed during the period. The figures were higher in the first quarter and lower in the second.

In the first quarter of 2017, there was 174 executive staff but the figure reduced to 161 in the second quarter.

From 20,483 senior staff in the first quarter, the number dropped to 19,826 in the second quarter.

The drop was larger in the junior staff category where the number dropped to 33,783 in the second quarter from 36,202 in the first quarter.

However, the number of contract staff increased from 20,237 in the first quarter to 21,837 in the second quarter.

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