The days of perfect night sleep and living comfortably as a bank worker in Nigeria are over. Even those who are still employed in the (now) few banks live in fear of job loss as the hammer might fall on them anytime due to unfavourable CBN regulations and policies.
According to Punch, indications have emerged that more bank workers will lose their jobs in 2014 following cost-cutting measures about to be introduced by the deposit money banks in order to mitigate the effects of some regulatory policies on their profitability.
Since the era of the global financial crisis in the mid-2008 and the special audit test carried out on banks by the Central Bank of Nigeria, the banking sector has witnessed a chain of job losses estimated at more than 15,000 by industry watchers.
















