Union Bank increases staff salaries by 40% amid rising cost of living

Union Bank of Nigeria, which was acquired by Titan Trust Bank in 2022, has raised staff salaries by 40% to help its over 2,000 employees cope with the rising cost of living, according to two people familiar with the matter. The salary increase took effect on November 1, 2024. Employees will receive the arrears for November along with their December 2024 salary, according to an internal memo…

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