CBN To Lay-off 1000 Staff, Offers N50bn As Severance
The Central Bank of Nigeria (CBN) have hinted that it is set to retire about 1,000 of its employees before the end of the year, Saying the retirement severance would cost the apex bank over N50 billion as payoff to the affected workers. The apex bank described the decision as a strategic realignment of its workforce, as the CBN’s Board of Governors, led by Olayemi Cardoso, had expressed commitment to reducing the workforce.

