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First Bank, GT Bank cut staff salaries

11 August 2014, 11:25

Lagos - Three of Nigeria’s largest banks in 2013 shrink their staff overall pay, including salaries, bonuses and other benefits, according to a new report compiled by Thaddeus Investment Advisors & Research Ltd

Four others during this period increased the average pay package of their staff, reports Nigerian Eye.

The report revealed that First Bank decreased its average salary per head in 2013 by 12 percent while GT Bank decreased its average salary per head in 2013 by 26 per cent

Sterling Bank according to the report maintained its last position for the second year in a row as the least paying bank in the industry.

Also read: Sterling Bank sacks 400 workers

The four banks that increased the average pay package of their staff are Zenith, Access, Wema and Fidelity.

Read more at Nigerian Eye.

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