The Central Bank of Nigeria is set to retire at least 1,000 of its workforce before the end of December 2024.

The Central Bank of Nigeria is set to retire at least 1,000 of its workforce before the end of December 2024.

Sources at the apex bank stated that the retirement plan by the CBN will gulp over N50 billion as payoff to those affected by the massive layoff.

The Central Bank of Nigeria is set to retire at least 1,000 of its workforce before the end of December 2024, Daily Trust reports.

Sources at the apex bank stated that the retirement plan by the CBN will gulp over N50 billion as payoff to those affected by the massive layoff.

According to the source, this process is in alignment with the re-organisation by the bank’s Board of Directors led by Olayemi Cardoso.

The BoDs had expressed their commitment to reducing the workforce of the Central Bank as it has disengaged several workers in the past 10 months.