Friday, 11 September 2026
Nigeria Communications Week
E-Financial

Banks Sack 340 Staff Every Week – NBS

Comms Week21 Aug 20170 Comments
Banks Sack 340 Staff Every Week – NBS
Kindly share this post

National Bureau of Statistics (NBS) says its latest data analysis on banks in Nigeria revealed that 8,663 people lost their jobs in the first half of 2017. The figure means that an average of 340…


National Bureau of Statistics (NBS) says its latest data analysis on banks in Nigeria revealed that 8,663 people lost their jobs in the first half of 2017.

The figure means that an average of 340 people were sacked every week from January to June 2017.

The NBS statistics is contained in a report titled “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength.”

In the first quarter of 2017, 174 top executive staff were gainfully employed but the figure reduced to 161 in the second quarter.

Figures for senior level staff showed that 20,483 were on payroll in the first quarter. This dropped to 19,826 in the second quarter.

For junior staff category, 33,783 were employed as at the second quarter, lesser than the 36,202 that had jobs 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.


C
Published by

Comms Week

Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.

More in E-Financial
E-Financial

NAICOM Revokes NICON’s Licence, Appoints Liquidator

By Ebere Melum-Nwogbo8 Sept 2026

National Insurance Commission (NAICOM) has cancelled the Certificate of Registration of NICON Insurance Company Limited (RIC-049), and has appointed Chukwuma-Machukwu Ume, Senior Advocate of Nigeria, as receiver/provisional liquidator of the company.