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Banks To Close Branches As Recession Bites Hard - Business (2) - Nairaland

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Re: Banks To Close Branches As Recession Bites Hard by Nobody: 11:07am On Sep 20, 2016
Union bank abeg make una nor sack my babe oh else she go go back to sleeping around oh.

11 Likes

Re: Banks To Close Branches As Recession Bites Hard by ajalawole(m): 11:07am On Sep 20, 2016
make them close am now, many of our parents survive without banks in the olden days, so we all surely overcome this hardship. Back to farming lo sure ju
Re: Banks To Close Branches As Recession Bites Hard by Nobody: 11:11am On Sep 20, 2016
uboma:
APC promised to create jobs...

but in reality, people are loosing their jobs everyday.

businesses are folding up....


Jobs will continue to be lost in the service industry and thats fine by me. How can you have a vibrant service sector without a real sector? Banking is a large scam. Who do they lend to? Better we shrink that sector and let value added industries soak up the human capital.

9 Likes

Re: Banks To Close Branches As Recession Bites Hard by Sirrexninefour(m): 11:12am On Sep 20, 2016
This is so bad.
God help us. Amen.
Re: Banks To Close Branches As Recession Bites Hard by Nobody: 11:12am On Sep 20, 2016
holluwai:
What's this country gradually turning into?

Fish pond
Re: Banks To Close Branches As Recession Bites Hard by phemocheee(m): 11:12am On Sep 20, 2016
Government needs to come to the aid of commercial banks in this trying times. Just like it happened in the US few years ago, government intervention was what saved the day... angry

2 Likes

Re: Banks To Close Branches As Recession Bites Hard by Daniyomex(m): 11:13am On Sep 20, 2016
Boleyndynasty2:
cheesy So that's why uba can't afford to subscribe their DSTV anymore abi...And FCMB last week undecided had to charge me 350 before i can use their deposit slip for Remital payment
@Bolded. Is it that bad with them? The recession must have dealt them a really great blow if has gotten to that

2 Likes

Re: Banks To Close Branches As Recession Bites Hard by Talasuma(m): 11:13am On Sep 20, 2016
Those sacked workers no go chop? abi dem family go enter marathon fasting, later dem go dea shout say crime dea increase, how crime no go multiply, where my Visa I dea commot Naija.




G niggas how market nah? Hope recession no reach una side oh.
Re: Banks To Close Branches As Recession Bites Hard by Adflex1(m): 11:15am On Sep 20, 2016
i never voted for this change,, before 2017 many will die of malnutrition, hunger, Anger,thinking etc, they need to think outside the box before making decisions because the way it is now am thinking outside a container to survive the hardship due to Apcs leadership. sad angry

2 Likes

Re: Banks To Close Branches As Recession Bites Hard by Nobody: 11:16am On Sep 20, 2016
this would have been the best time to farm, but I don't know how to farm, I went to the village during the 2009 four months assu strike, my people it wasn't easy, I only went to join them to wash melon because I wanted to have an experience,i must confess farming is not an easy job abeg

3 Likes

Re: Banks To Close Branches As Recession Bites Hard by sekundosekundo: 11:18am On Sep 20, 2016
MightyThor:
And the CBN gov says the worst is over?
Clearly these guys have lost touch with reality.
What do you want him to tell APC zombies.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by AZeD1(m): 11:19am On Sep 20, 2016
phemocheee:
Government needs to come to the aid of commercial banks in this trying times. Just like it happened in the US few years ago, government intervention was what saved the day... angry
The banks don't need government. They need to do real banking, support small scale industries with cheap loans.

They had free government money for years and rather than help small scale industries, they were using the money to buy government bonds hence the large profits they were earning.

It's time for them to work for there money.

4 Likes

Re: Banks To Close Branches As Recession Bites Hard by HomeTutor1(f): 11:20am On Sep 20, 2016
No wonder ...I was surprised when they gave me a sheet of paper with the bank manager signature as a deposit slip at UBA bank yesterday.

2 Likes

Re: Banks To Close Branches As Recession Bites Hard by ivandragon: 11:22am On Sep 20, 2016
the banks need to restrategise.

at this point, they need to be directly involved in the running of businesses by not only providing financing, but by also taking an active part in running the business thereby making it a business arm.

banks can have direct investments in farms, transport & other areas.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by OBAGADAFFI: 11:23am On Sep 20, 2016
AZeD1:

The banks don't need government. They need to do real banking, support small scale industries with cheap loans.

They had free government money for years and rather than help small scale industries, they were using the money to buy government bonds hence the large profits they were earning.

It's time for them to work for there money.

And where will they get the monies from?

1 Like 1 Share

Re: Banks To Close Branches As Recession Bites Hard by salbis(m): 11:24am On Sep 20, 2016
Who say secular education doesn't matter in leadership? The guy just dey break record dey go.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by Olril18(m): 11:25am On Sep 20, 2016
APC ruin nigeria within a year.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by proeast(m): 11:26am On Sep 20, 2016
Wtf Now I agree with pundits that said that we are still in the "morning" phase of the reccession cum suffering!! Depressing news keeps making headlines like tommorrow no dey!!! I am bewildered that despite the alarming rate/level of unemployment ab initio, the few that are gainfully employed are being sacked at the drop of a hat!!! I think apocalypse, armaggedon and hell is about to be unleashed on Nigeria!! With each passing day, I keep wondering if I'm not making a mistake in staying put instead of heading for the US while at the same time feeling trapped & waiting for an impeding doom. God help me!!!!!

2 Likes 2 Shares

Re: Banks To Close Branches As Recession Bites Hard by Laveda(f): 11:27am On Sep 20, 2016
Its getting worse sha, thought it'd get better soon.

cry Lord come to our aid.
Re: Banks To Close Branches As Recession Bites Hard by ceejay80s(m): 11:28am On Sep 20, 2016
maestro299:
It will be well.

I DON DEY HEAR THIS STORY SINCE DEM BORN ME,

which time e go well?

4 Likes

Re: Banks To Close Branches As Recession Bites Hard by Unclerukus: 11:28am On Sep 20, 2016
FunkyMetahuman:
So our banks are fake

Government money is the reason they are in business

Good to know.

When there is a recession, the propensity to save is low. Not government money but when there is no money, who deposits into the bank?
Re: Banks To Close Branches As Recession Bites Hard by sekem: 11:29am On Sep 20, 2016
Self employment is calling.

White collar jobs is no longer the answer.

High time for so many people to get creative and really productive.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by Kakamorufu(m): 11:31am On Sep 20, 2016
mehn, it is well oooooo
Re: Banks To Close Branches As Recession Bites Hard by FunkyMetahuman: 11:32am On Sep 20, 2016
Unclerukus:
When there is a recession, the propensity to save is low. Not government money but when there is no money, who deposits into the bank?
on the contrary.

That's when most money goes to the banks because government try as hard as possible to reduce the money in the system by curbing spending..

The banks should have taken the customers more seriously But instead relied on government money.
Now that TSA put an end to that,they run out of ideas but only option is to lay workers of to cut spending.

2 Likes

Re: Banks To Close Branches As Recession Bites Hard by tunezvic(m): 11:34am On Sep 20, 2016
Keep calm buhari is working. I love buhari.. Sai 2019
Re: Banks To Close Branches As Recession Bites Hard by Paperwhite(m): 11:40am On Sep 20, 2016
MightyThor:
And the CBN gov says the worst is over?

Clearly these guys have lost touch with reality.
That is APC for you.
Re: Banks To Close Branches As Recession Bites Hard by achieverme(m): 11:41am On Sep 20, 2016
Boleyndynasty2:
cheesy So that's why uba can't afford to subscribe their DSTV anymore abi...And FCMB last week undecided had to charge me 350 before i can use their deposit slip for Remital payment

normally, FCMB doesn't give out deposit slip freely like other banks. You have to pay for it if the one issued at the time of opening account finishes.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by Hiploko(m): 11:41am On Sep 20, 2016
Bolustic:

Why won't these three banks close branches down when there are no more slush monies to do business. Tell me GTBank, First Bank, UBA and others who don't SOLELY rely on laundered monies would close down branches.

These banks managements have been fingered and troubled by the EFCC for the past one year.

This recession is going to open many people's dirty yansh, if you think I'm joking, ask Emeka Offor, Sola Ayeni and other PDP made overnight billionaires
na your type dey advice people to start trekking because it is an exercise rather than driving cars if apc increased fuel cost to 800/litre all in the name of supporting APC.

3 Likes

Re: Banks To Close Branches As Recession Bites Hard by LordScent(m): 11:41am On Sep 20, 2016
Cutehector:
Mmm is working. grin







Banks will totally shut down because of mmm cheesy


on d contrary, its helping dem. All the mobile transfers and withdrawals cost charges. So indirectly the platform is bringing the banks more engagements.

1 Like

Re: Banks To Close Branches As Recession Bites Hard by starlingbawa(m): 11:42am On Sep 20, 2016
ajalawole:
make them close am now, many of our parents survive without banks in the olden days, so we all surely overcome this hardship. Back to farming lo sure ju

Do you really believe in your OWN summation

If you do, then fine... But i think i have my doubts...............

1 Like

Re: Banks To Close Branches As Recession Bites Hard by greatermax77(m): 11:42am On Sep 20, 2016
UP! PMB, UP! APC, THE TRUE CHANGE IS HERE TO STAY.
TO BUILD IS DIFFICULT BUT TO DISTROY IS VERY EASY.

1 Like 1 Share

Re: Banks To Close Branches As Recession Bites Hard by starlingbawa(m): 11:43am On Sep 20, 2016
greenpasture:

Jobs will continue to be lost in the service industry and thats fine by me. How can you have a vibrant service sector without a real sector? Banking is a large scam. Who do they lend to? Better we shrink that sector and let value added industries soak up the human capital.

And i TOTALLY agree with you!!!

1 Like

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