Zenith Bank raises pay by 20% for nearly 10,000 employees to keep in step with tier-1 banks 

Zenith Bank has raised the salaries of its nearly 10,000 staff by 20%, effective January 2025, as part of a wider industry trend to retain top talent amid Nigeria’s soaring inflation. The salary increase, confirmed by three employees who asked not to be named discussing a sensitive matter, follows similar moves by GTCO, Union Bank, First Bank, and Sterling Bank over the past six…