GTBank Increases Salary of Drivers to N150K, Zenith, Stanbic, UBA, and Other Nigerian Banks Join

Nigerian banks like GT, UBA, Stanbic, and Zenith have increased the salary drivers working within their organizations will be receiving going forward.

For banks like GTB, the corporation announced a salary increase for junior workers like cleaners and drivers, as drivers are expected to be earning N140,000 to N150,000 monthly as the salary increase became effective from July 1, 2023. For Zenith Bank, drivers are expected to be earning N120,000, while cleaners will be paid N80,000…….Continue Reading

Other banks like UBA noted that they’ve been monitoring the effect of the increased cost of living on the lives of their employees as they’ve recognized the need to address the challenges.

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The bank said:

““It is interesting to note that even when the bank had previously implemented cost of living adjustment for staff on October 1, 2021 and more recently on April 1, 2023, the persistent economic challenges faced by employees and the broader society as a whole, informed the unanimous decision to again implement another adjustment. Also in line with its commitment to promote staff for excellent performance every year, UBA had in March 2023, announced the promotion of over 1,500 staff across Africa, and had also elevated close to 1,000 staff in 2022. This move will serve to alleviate the financial burdens faced by our staff and their families, reinforcing the bank’s position as a responsible and caring employer.”