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Will Bankers Loose Jobs for Treasury Single Account? - Career - Nairaland

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Will Bankers Loose Jobs for Treasury Single Account? by mekaboy(m): 11:39am On Sep 09, 2015
As the govt is now serious about the treasury single account, what will be the fate of bank wokers?

As most bank wont be as boyant as they use to when they had govt revenues channeled to them.

Will banks start to lay off staff to adjust? Increasing the unemployment rate in Nigeria.
Re: Will Bankers Loose Jobs for Treasury Single Account? by Abbeyme: 11:40am On Sep 09, 2015
Well, the CBN gov'nor has a duty to keep the banks afloat...

Banks on their own would have to diversify more to keep their balance sheets in good shape...

You'll recollect that some banks are already slimming up by cutting highly-priced and highly-ranked employees in their books.
Re: Will Bankers Loose Jobs for Treasury Single Account? by SonOfTheLion(m): 12:10pm On Sep 09, 2015
am finding my way out of the sector already.. mio worry
Re: Will Bankers Loose Jobs for Treasury Single Account? by POWEROFPEACE(m): 12:29pm On Sep 09, 2015
The treasury single account is definitely going to affect banks. To every action there is an equal and opposite reaction. Trust the banks, they will always find a way.
Re: Will Bankers Loose Jobs for Treasury Single Account? by mekaboy(m): 1:40pm On Sep 09, 2015
POWEROFPEACE:
The treasury single account is definitely going to affect banks. To every action there is an equal and opposite reaction. Trust the banks, they will always find a way.

The banks are being hit from 2 sides. Treasury single account, stocks going doing because of the JP Morgan stuff.
Re: Will Bankers Loose Jobs for Treasury Single Account? by Nobody: 4:20pm On Sep 09, 2015
[quote author=mekaboy post=37828797]As the govt is now serious about the treasury single account, what will be the faith of bank wokers?
Please correct faith to FATE. Thanks
Re: Will Bankers Loose Jobs for Treasury Single Account? by mekaboy(m): 4:45pm On Sep 09, 2015
[quote author=Riichgirl4life post=37838488][/quote]
Thanks
Re: Will Bankers Loose Jobs for Treasury Single Account? by Nobody: 5:13pm On Sep 09, 2015
Mi o semo oo
Re: Will Bankers Loose Jobs for Treasury Single Account? by abumeinben(m): 7:20pm On Sep 09, 2015
mekaboy:
As the govt is now serious about the treasury single account, what will be the fate of bank wokers?

As most bank wont be as boyant as they use to when they had govt revenues channeled to them.

Will banks start to lay off staff to adjust? Increasing the unemployment rate in Nigeria.


Sooooooooo what's single treasury acc?
Re: Will Bankers Loose Jobs for Treasury Single Account? by mekaboy(m): 7:08pm On Sep 11, 2015
abumeinben:



Sooooooooo what's single treasury acc?

to my understanding, govt revenue kept in banks by different agencies. These funds might generate interest for the individuals heading the agencies. Banks can also trade with these funds for profit while it waits.

But now all the revenue will be going direct to fg account. Bank wont have access to these funds to trade.

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