… prices increase 12x, salaries only double
Nigerian bankers, like several other workers in Africa's most populous nation, are receiving higher pay but an unrelenting surge in inflation is snuffing out the gains.
A review of the nine-month financials of listed Nigerian banks shows that between January and September 2024, 11 banks spent N1.08 trillion on wages and salaries, marking a 91 percent year-on-year growth from the N564.7 billion spent by
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