Brace Yourselves: First Bank to sack 1000 workers


Bloomberg reports that First Bank of Nigeria is planning to sack at least 1000 of its staff. According to Bloomberg, the plan to cut jump is is as a result of the banks 82% loss in profit after its financial year ending for 2015. The bank also plans to focus less on providing loans to the oil industry as part of measures to increase its profit for the year 2016.


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