Nigeria: United Bank for Africa (UBA), Wema Bank, others enhance employees’ salaries and allowances
In response to government reforms that have aggravated inflation, several banks, including Wema Bank, Zenith Bank, Guaranty Trust Bank (GTB), United Bank for Africa (UBA) and Union Bank, have decided to enhance their employees’ salaries and allowances to help them cope with the escalating cost of living. The inflationary situation in Nigeria was triggered by
