There are strong indications that the on-going wind of massive job cuts in banks will blow unabated before the end of the year.

Investigations by the Nigerian Tribune indicated that apart from the two banks that sacked over 4,000 workers over the weekend, four banks have also concluded plans to distribute sack letters today.

Nigerian Tribune learnt that two of the four banks fall in the category of those declared safe and sound by the recent special audit instituted by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). Read the rest of this entry »

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