Lenders plan downsizing over rising operating costs – report There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs. In the first quarter of the year, the cost of diesel rose from N225 to over N750, an increase of over 230 per cent. The impact on business operations has forced some banks to adopt new survival measures, including office hour rationalisation. Official banking hours, which used to be 8am to 4pm now vary depending on specific organisation and branches. For instance,…
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