Gambia’s new banking rule could force ’57 Nigerians out of their jobs
The Central Bank of The Gambia (CBG) has directed commercial banks operating in the country to replace existing non-Gambian employees with suitably qualified Gambian nationals by December 31, 2026. The post Gambia’s new banking rule could force ’57 Nigerians out of their jobs appeared first on Nairametrics .
A new banking regulation in The Gambia could potentially put 57 Nigerian professionals working in the country's banking sector at risk of losing their jobs by December 31, 2026. This announcement was made by the Nigerians in Diaspora Commission (NiDCOM), which expressed concern over the impact of the Central Bank of The Gambia's directive on Nigerian professionals employed in the nation.
The rule, outlined in a circular dated September 16, 2026, mandates commercial banks to replace non-Gambian employees with qualified Gambian nationals through a phased replacement process. The affected banks include Access Bank, FirstBank, Guaranty Trust Bank, and Zenith Bank, all of which have Nigerian origin. NiDCOM estimates that 57 professionals could be affected, but argued that the policy should be implemented in a way that respects existing employment arrangements and valid work authorizations.
The Central Bank of The Gambia stated that the directive resulted from a meeting with bank managing directors on August 27, 2026, after an industry study revealed a high number of non-Gambian nationals employed in the banking sector. By December 31, 2026, banks must complete the replacement process while adhering to existing labor laws and the bank's employment guidelines.
This deadline leaves banks with a limited timeframe to make the necessary changes and ensure the continuity of operations.
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