First Bank Is Set To Sack 1000 Of Its Workers After 82% Loss In Profit

When corporate bodies boost with how long they have existed in #business they forget that old age could also mean nearness to the grave. With over 100 years of existence in #Nigeria, #First Bank, is about to lay off 1000 of its workers.

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Bloomberg reports that the plan to cut jobs is due to the bank’s 82% loss in profit after its financial year for 2015. The bank also plans to do less of #oil loans as measure to increase its profit for 2016