Zenith Bank, one of Nigeria’s largest financial institutions, has implemented a company-wide salary increment for all its staff.
The decision comes in response to the prevailing economic challenges brought about by the removal of fuel subsidies.
Reliable sources within the bank informed Nairametrics that the salary increase is all-encompassing, covering both contract and permanent staff members.
Depending on their respective grade levels, some employees have been fortunate enough to receive substantial raises ranging from 25 to 50%.
The news of the salary increment spread like wildfire through the financial community, as Zenith Bank’s proactive approach to support its employees during tough economic times received praise and commendation.
