- Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
- NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
- XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Access Bank Plc denies plan to retrench, close branches
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CBN, Bankers’ Committee ask Banks to halt lay-offs The Central Bank of Nigeria and the Bankers Committee have halted move by deposit money banks to lay off some members of staff as result on going lockdown in the economy. Reacting to the right sizing move in the banking sector, the CBN has hence demands that no bank shall retrench without approval. In a statement, the CBN stated that a special meeting of the Bankers’ Committee was convened on May 2, 2020. The objective of the meeting was to further review the implications of the COVID-19 pandemic on the Nigerian banking…
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