How Sterling Bank Uses Tiered Salary Structure to Hold Down Staff Without Promotion—-Sterling Bank’s recent 7% salary increase which was announced earlier this month has been met with widespread criticism and disappointment among its employees, who feel undervalued, overworked, and underappreciated.

According to sources, the bank’s Executive Trainees (ETs) will receive a monthly raise of ₦24,000, from ₦327,000 to ₦351,000, while Senior Executives will receive a monthly raise of ₦27,000, from ₦500,000 to ₦527,000.

Employees have expressed frustration and disappointment with the raise, citing the bank’s failure to keep up with Nigeria’s soaring inflation rate.

In contrast, other banks in the industry have taken a more aggressive approach to salary increases. Union Bank and GTBank raised salaries by 40% in late 2024, in a bid to retain top talent in an industry plagued by high employee turnover and poaching.

Research shows that competitive salaries are key to reducing employee attrition in Nigeria’s banking industry. Sterling Bank’s failure to deliver on this front may have far-reaching consequences for its business.

All attempt to get Sterling Bank’s management to respond as at press time proves abortive, but insiders say that the bank’s leadership is aware of the growing discontent among its employees.

Arsenal Close Gap On League Leader Liverpool Following Hard Fought Victory Against Spurs—-Arteta men claimed a vital 2-1 win against Tottenham this evening, closing the gap on the Premier League leader Liverpool who drew to in-form Nottingham Forest.

The Gunners capitalised on Liverpool’s dropped points the night before, delivering a determined performance in front of a raucous Emirates crowd.

From the first whistle, Arsenal’s intent was clear. Leandro Trossard forced an early block from Spurs’ defence as the Gunners dominated possession and pinned their rivals back. Despite Arsenal’s control, Spurs managed to carve out a threat on the counter, with Dejan Kulusevski forcing a superb save from David Raya.

Tottenham silenced the Emirates temporarily when they opened the scoring against the run of play from a corner, showcasing their resilience despite being on the back foot for much of the first half.

Undeterred, Arsenal resumed their dominance after the break. Their persistence was rewarded when Dominic Solanke turned a dangerous Arsenal corner into his own net, levelling the scores. Just four minutes later, Trossard electrified the crowd with a stunning strike, completing the Gunners’ comeback.

Kai Havertz had a golden opportunity to extend Arsenal’s lead but sent his header wide. Meanwhile, Spurs pushed for an equaliser, with Ange Postecoglou introducing changes to inject life into his side. However, the visitors struggled to create clear-cut chances against a disciplined Arsenal defence.

Pedro Porro came closest to rescuing a point for Spurs when his effort struck the post, but the Gunners held firm to secure yet another memorable derby victory.

The result further solidifies Arsenal’s position in the title race and serves as a timely confidence boost after recent setbacks. For Spurs, the loss adds to a season of inconsistency, leaving them with much to ponder.