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Zenith Bank raises pay by 20% for nearly 10,000 employees

Summary by TechCabal
Zenith Bank has raised the salaries of its nearly 10,000 staff by 20%, effective January 2025, as part of a wider industry trend to retain top talent amid Nigeria’s soaring inflation. The salary increase, confirmed by three employees who asked not to be named discussing a sensitive matter, follows similar moves by GTCO, Union Bank, First Bank, and Sterling Bank over the past six months. “In order to continue to motivate its staff and improve ser…
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