CBN to retire 1,000 staff, offers ₦50bn payoff Unless there are last-minute changes, the Central Bank of Nigeria (CBN) is set to retire approximately 1,000 employees before the end of the year, investigations have revealed. Sources at the bank's headquarters confirmed that the retirement process will cost over ₦50 billion in severance payouts to the affected staff. In what it has termed a strategic realignment of its workforce, the Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has committed to reducing its staff numbers. Over the past 10 months,...