Wema Bank has increased the salaries of its employees to cushion the effect of fuel subsidy removal.
It said this was necessary because it prioritised its employees’ welfare.
The bank emphasized that prevailing economic conditions, characterized by recent increases in fuel, electricity, and other costs, necessitated prioritizing the welfare of their employees.
In a statement signed by Ololade Ogungbenro, the Divisional Head of People, Brand & Culture, the bank revealed the salary increase.