Employees In Nigerian Banking Industry Reduced By 9,899 – NBS

BEVERLY HILLS, September 21, (THEWILL) – The National Bureau of Statistics (NBS), as part of the Selected Banking Data 2020 Q2, has said the number of staff in the Nigerian Banking Industry reduced by 9,866 in the last one year.

This means that the number of employees in the industry reduced by 9.5% Year-on-Year (yony) from 104,364 in Q2 2019 to 94,498 in Q2 2020.

The report further revealed that the Contract staff in the banking industry were most hit by the staff drain as the number of staff on this category reduced by 7,321 representing a 15.8% reduction from 45,263 in Q2 2019 to 38,942 in Q2 2020.

The figures show that the number of Contract staff was at all-time high in Q2 2020 haven doubled the Q1 2017 figure of 20,237 but dropped by 3,083 in Q3 2020 and grew again by 2,170 in Q4 2020.

The number of Junior staff in the banking Industry also dropped by 5.6% yony, to 37,733 as at Q2 2020. A reduction of 2,247 from the Q2 2019 number of 39,980.

The number of this category of bank workers peaked in Q4, 2017 at 41,398 and was about steady from first quarter of 2018 before it reduced steadily till Q2.2020.

For Senior staff in the banking industry, their numbers reduced by 1.8% yony from 17,943 in Q2 2019 to 17,619 in Q2 2020. a drop of 324.

The numbers of this category of bank staff was highest in 2017 Q1 at 20,483 and has been oscillating before it started reducing steadily from end of 2019 until Q2 2020.

Of all the 4 staff categories in the banking industry, only the number of staff in executive position grew in the period under review. In the same vein, it said the number of executive staff grew by 14.6% from 178 in Q2 2019 to 204 in Q2 2020 and difference of 26 in number.

The number of people in executive position in banks was at its peak in third quarter of 2018 but dropped by 35 in second quarter of 2019 to 178, stable between Q3 and Q4 2019, before it increased by 24 in Q1 2020.