• Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
CBN, Bankers’ Agree On Suspending Lay-offs in Banks
  • May 4, 2020
  • Unity Times

The Central Bank of Nigeria (CBN), has intervened in the alleged lay- offs of bank workers in Nigeria.

The Director, Corporate Communications of CBN, Mr Isaac Okorafor said this in a press release in Abuja on Sunday May 3.

Grow your business with us

“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”, he explained.

Mr Okorafor also stated that the Central Bank of Nigeria solicits the support of all in the collective effort of stakeholders to weather through the economic challenges occasioned by the COVID-19 pandemic.

Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
Subscription Ads
Related Posts

Rivers Assembly Speaker defends decision to dump PDP for APC

The Speaker of Rivers State House of Assembly, Rt Hon Martin Amaewhule, on Friday defended his decision to dump the

Read More

Terrorists threaten Kaduna Community over Killing of Two members

Terrorists have issued fresh threats of revenge attacks on residents of Ungwan Nungu in Sanga Local Government Area of Kaduna

Read More

Boris Johnson thanks Nigeria for giving Kemi Badenoch, calls her future UK PM

Former United Kingdom Prime Minister, Boris Johnson, has described Kemi Badenoch, leader of the UK Conservative Party, as a potential

Read More

Join Our Newsletter

Unity Times
Facebook-f Twitter
  • Rivers Assembly Speaker defends decision to dump PDP for APC

    Rivers Assembly Speaker defends decision to dump PDP for APC

    December 5, 2025 Breaking News, National, News, Politics
  • Terrorists threaten Kaduna Community over Killing of Two members

    Terrorists threaten Kaduna Community over Killing of Two members

    December 5, 2025 Breaking News, National, News, Security
  • Boris Johnson thanks Nigeria for giving Kemi Badenoch, calls her future UK PM

    Boris Johnson thanks Nigeria for giving Kemi Badenoch, calls her future UK PM

    December 5, 2025 Breaking News, International News, National, News, Politics
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2025 All Rights Reserved.