Unic Press UK: The Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed that no bank should lay-off any staff in light of indications that several banks in the country are on the verge of laying off some workers as the effect of COVID-19 pandemic takes a toll on earnings.
In a press release Sunday, the CBN, through its Director of Corporate Communications, Isaac Okorafor, said:
“In order to help minimize and mitigate the negative impact of the COVID19 pandemic on families and livelihoods, no bank in Nigeria shall retrench or lay-off any staff of any cadre (including full-time and part-time). To give effect to the above measure, the express approval of the Central Bank of Nigeria shall be required in the event that it becomes absolutely necessary to lay-off any such staff.”
— Central Bank of Nigeria (@cenbank) May 3, 2020
Nigeria COVID-19 Case Update As of 23.55 Hrs GMT on 2 May 2020
220 new cases of #COVID19;
— NCDC (@NCDCgov) May 2, 2020