The Central of Nigeria (CBN) on Wednesday said commercial banks in the country had assured that they would halt retrenchment of staff and contribute to stimulation of the economy.
Mrs Tokunbo Martins, Director, Banking Supervision of the Central Bank of Nigeria (CBN) made the disclosure while briefing newsmen at the end of the Bankers Committee meeting in Lagos.
Martins said that chief executive officers of the banks reminded themselves of the role of banks in a challenging economy, with regards to lending.
According to him, the executive officers interfaced with key players in the pension industry on how the country can leverage on the huge opportunities in the sector to stimulate the economy.
He said that deliberation at the meeting centred on the safe investment of pension funds.
There have been uneasy calm in the banking industry in recent time due to the retrenchment of bank staff.
As the retrenchment escalated, the Minister of Labour, Dr Chris Ngige, had a dialogue with banks authorities on how to end the exercise.