Author: Grace Jacob

In recent years, the Nigerian banking industry has seen a growing shift in hiring practices. Today, a large portion of the workforce in top financial institutions is made up of contract staff — young, energetic, and often underpaid. But this begs the question: Do Nigerian banks hire contract staff for smart business savings, or is it a silent form of worker exploitation? Let’s break down the reasons behind this trend and what it truly means for the future of banking jobs in Nigeria. Who Are Contract Staff? Contract staff are individuals employed by third-party outsourcing firms to work within a…

For many fresh graduates in Nigeria, landing a job in the banking sector feels like a dream come true. The title sounds prestigious, the dress code looks sharp, and the opportunity to work with top financial institutions seems like the ultimate career launchpad. But behind the polished image lies a reality that every Nigerian graduate must understand — especially when the offer is for a contract banking role. If you’re a recent graduate considering a contract job in a bank, here’s what you really need to know before saying yes. What Is a Contract Bank Job? A contract bank job…

In Nigeria’s bustling banking halls, a silent struggle is brewing — one not visible on payslips or spreadsheets. Behind the polished uniforms and practiced customer greetings, thousands of contract bank workers are battling with more than just daily KPIs. They are grappling with job insecurity, anxiety, depression, and burnout, often in silence. In this post, we explore the deep connection between job insecurity and mental health, and why the plight of contract staff in Nigerian banks deserves urgent attention. Who Are Bank Contract Workers? Contract bank workers are employees hired through outsourcing firms or third-party HR agencies to work within…

In Nigeria’s fast-paced banking industry, the divide between contract and permanent staff is more than just a matter of employment status — it’s a difference that affects pay, job security, career growth, and even mental well-being. As banks continue to restructure, outsource roles, and automate operations, the question becomes more relevant than ever: Who bears the bigger burden — contract or permanent staff? Let’s dive deep into the realities of both sides of the coin, and what it means for professionals building a career in Nigerian banking. Understanding the Two Categories Who Are Contract Staff? Contract staff are typically hired…