CBN, Bankers' Committee Suspend Lay-offs in Banks

Proshare

Sunday, May 03, 2020 / 9:23 PM / by CBN / Header Image Credit: Ecographics

 

Proshare Nigeria Pvt. Ltd.


A special meeting of the Bankers' Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.

 

The Committee particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties and decided as follows:

  1. In order to help minimize and mitigate the negative impact of the COVID-19 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).
  2. 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.

 

The Central Bank of Nigeria solicits the support of all in our collective effort to weather through the economic challenges occasioned by the COVID-19 pandemic.


Proshare Nigeria Pvt. Ltd.

 

Related News On Banking Sector

  1. Polaris Bank: Confirms a Resurrection, Tackles Loan Bullets
  2. Fitch Revises 2 Nigerian Banks' National Ratings
  3. Banking System Outlook Update - Nigeria Outlook Changes to Negative Due to Oil Price Collapse
  4. Moody's Affirms Nigeria's B2 Ratings, Maintains Negative Outlook
  5. Various Rating Actions On Nigerian Banks By S and P Following Sovereign Downgrade; Outlooks Stable
  6. Nigerian Banks at Severe Risk from Oil Price Slump, Coronavirus
  7. UBA's Staff Layoff; Understanding The Shifting Dynamics Of Banking's Future
  8. Ecobank Nigeria: The Case For Restructuring, Repositioning and Retooling
  9. Banking Stocks: ZENITHBANK Records 24.42% Gain One Week After As UBA Dips By -10.71%
  10. Banks Bring Down Cost-to-income ratios As Industry Margins Tighten
  11. Zenith Bank Share Price Hits N10.85k; Lost N249.60bn In Market CAP, -42.29% Wtd
  12. The GTBank 2020 Economic Outlook: Macro-Economic and Banking Sector Themes
  13. Banking Sector Update - CBN Wields Regulatory Stick Again
  14. Bank Equity Returns Do Not Look So Good in 2019
  15. Nigerian Banks: A Season of Mixed Performance; Reviewing The Growth Numbers
  16. ETI: Walking A Tight Rope; Earnings Down As Continental Headwinds Persist
  17. UBA 9 Months 2019 Result; Strong Top Line Earnings, Stable Outlook
  18. FBNH's Sober Year; Soft Top Line Earnings, Modest Bottom Line Growth 9M 2019
  19. Zenith Bank 9 months 2019 Result; Strong Profit Outlook from Ebusiness, Modest Top Line Earnings
  20. Access Bank 9Months 2019 Result; Strong Earnings, But OPEX Rises 47.7%
  21. GT Bank 9M 2019; Good Numbers, But A Howler In Loan Asset Growth
  22. Unity Bank Plc Q3 2019 Results: Pulling Out of A Ditch Slowly
  23. Banks' H1 2019 Numbers: Top Line Growth, Bottom Line Uncertainty
  24. Banking Sector Update - CBN Makes Statement Move On Intention To Drive Lending
  25. 12 Banks To Pay N499b CBN Fine For Loan Policy Breach
  26. Nigerian Banks Tried, But 'Not All' Made New Loans Threshold
  27. CBN Reviews LDR Target Upwards To 65%; DMBs Required To Attain LDR of 65% By Dec 31, 2019
  28. CBN's New Minimum LDR Requirement May Worsen NPLs
  29. CBN Mandates DMBs To Maintain Loan To Deposit Ratio Of 60% Effective Sept 30, 2019
  30. Nigerian Banks' Performance - H1 2018
  31. FBNHoldings Plc Q1' 2017 Performance Assessment Report Updated
  32. Analysing the Performance of FBN Holdings Plc - A Comprehensive Report

 

Proshare Nigeria Pvt. Ltd.


Related News - CBN Circulars

  1. CBN Extends Deadlines for Compliance With The Revised Minimum Capital Requirements for MFBs
  2. CBN Publishes Approved Service Charter
  3. CBN Holds Roundtable On Going for Growth 2.0 on March 11 2020
  4. CBN Releases Exposure Draft of the Guidelines for the Regulation and Supervision of MFBs in Nigeria
  5. CBN Publishes Lists of Licensed Finance Companies, DMBs, PMBs, MFBs and BDCs As At Dec 31st, 2019
  6. CBN Issues Guideline on Nigerian Payments System Risk and Information Security Management Framework
  7. CBN Issues Circular on Pre-Authorisation of Cards in Nigeria
  8. CBN Issues Consumer Protection Regulations
  9. CBN Reviews Charges On ATM, Card Maintenance and Others
  10. CBN Publishes Exposure Draft On The Guidelines For Shared Services Arrangements For Banks And OFIs
  11. CBN Publishes Regulation For The Operation of Mortgage Guarantee Companies in Nigeria
  12. CBN Publishes Lists of Licensed Finance Companies, DMBs, MFBs and BDCs As At Sept 30, 2019
  13. CBN Notifies of The Automation Of Form NXP On The Trade Monitoring System
  14. CBN Issues Revised Guidelines For The Registration Of CIT And Currency Processing Companies

 

Proshare Nigeria Pvt. Ltd.


Related News - FYE and Quarterly Results

  1. FCMB Declares N4.7bn PAT in Q1 2020 Results, (SP:N1.70k)
  2. ZENITHBANK Declares N50.5bn PAT in Q1 2020 Results, (SP:N14.85k)
  3. UBN Declares N6bn PAT in Q1 2020 Results,(SP:N6.75K)
  4. FIDELITYBK declares N5.9bn PAT in Q1 2020 Results;(SP:N1.80k)
  5. STANBIC Declares N20.6bn PAT in Q1 2020 Result; (SP:N28.50k)
  6. Polaris Bank Releases 2019 Financial Results, Records Impressive 2019 Improvements - RTC
  7. ETI Declares N24.7bn PAT in Q1 2020 Results,(SP:N4.50k)
  8. UBA Declares N30bn PAT in Q1 2020 Results,(SP:N5.95k)
  9. ACCESS Declares N41bn PAT in Q1 2020 Results,(SP:N6.35k)
  10. WEMABANK Declares N5.2bn PAT in 2019 Audited Results;(SP:N0.55K)
  11. GUARANTY Declares N50bn PAT in Q1 2020 Results,(SP:N18.60k)
  12. FBNH Declares N23bn PAT in Q1 2020 Results,(SP:N4.70k)
  13. FBNH Declares N73.7bn PAT in 2019 Audited Results, Proposes N0.38K Final Dividend;(SP:N4.00k)
  14. FCMB Declares N17.3bn PAT in 2019 Audited Results, Proposes N0.14k Final Dividend;(SP:N1.50k)
  15. STERLNBANK Declares N10.6bn PAT in 2019 Audited Results, Proposes N0.03K Final Div(SP:N1.08k)
  16. FIDELITYBK declares N28.4bn PAT in 2019 Audited Results; Proposes N0.20K Final Div.(SP:N1.69k)
  17. ETI Declares N99bn PAT in 2019 Audited Results,(SP:N4.90k)
  18. ACCESS Declares N97.5bn PAT in 2019 Audited Results, Proposes N0.40k Final Div. (SP:N8.50k)
  19. UBN Declares N19.9bn PAT in 2019 Audited Results Proposes N0.25k Final Div. (SP:N6.85K)
  20. STANBIC Declares N75.04bn PAT in 2019 Audited Results, Proposes N2 Final Dividend,(SP:N32.50K)
  21. GUARANTY Declares N196.8bn PAT in 2019 Audited Results, Proposes N2.50k Final Div. (SP:N23.80k)
  22. UBA Declares N89.09bn PAT in 2019 Audited Results; Proposes 80k Final Dividend,(SP:N6.70k)
  23. ZENITHBANK Declares N208bn PAT in 2019 Audited Results; Proposes N2.50k Final Div. (SP:N19.40K)

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP