• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CBN Decongests Head Office, Moves Departments To Lagos

by Leadership News
2 years ago
in News
cbn
Share on WhatsAppShare on FacebookShare on XTelegram

The Central Bank of Nigeria is set to transfer some of its departments to Lagos State.

Advertisement

According to a report earlier published by PUNCH, a CBN official who spoke on condition of anonymity said it is to decongest the apex bank’s head office.

Although some staff members of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source said it is for their safety and increased productivity.

“What is happening now at the CBN is likened to a company with over 500 staff and say 200 used to go to work in other states and return to the head office. It is not out of place for the company to relocate them fully to that state to work and increase their safety and productivity,” he said.

The official stated that only some departments of the apex bank, including the Bank Supervision Department, were affected by the transfer.

RELATED

High Operational Cost: Companies Sack 40% Staff – MAN

High Interest Rates: MAN Urges Manufacturers To Explore Alternative Funding

1 minute ago
Elumelu Reveals ‘5 Secrets’ Behind UBA Group’s Growth

Elumelu Calls For Urgent Investment In Energy Infrastructure To Harness Africa’s Youthful Population

3 minutes ago

He stated that the move is meant to increase the productivity of the affected staff while also cutting costs and ensuring their safety.

The departments penciled down for relocation by the CBN Governor, Yemi Cardoso are Banking Supervision; Other Financial Institutions Supervision; Consumer Protection Department; Payment System Management Department and Financial Policy Regulations Department.

“Most of the bank’s headquarters are in Lagos. The CBN usually sends staff from Abuja to work in Lagos for like one to two months and return to the head office.

“Being on the road all the time is not safe for them and not also cost-efficient for the bank. We know that anybody leaving their comfort would feel the pain, that is why some of the affected workers are complaining but I can assure you that, it is for their good,” he said.

He also noted that the carrying capacity of the Abuja office is 3,000 but the staff strength is at 4,000 now which is a threat to the facilities at the head office.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: CBN
SendShareTweetShare
Previous Post

Edun To Head Tinubu’s Social Investment Review Panel

Next Post

Scrap Humanitarian Ministry Now

Leadership News

Leadership News

You May Like

High Operational Cost: Companies Sack 40% Staff – MAN
Business

High Interest Rates: MAN Urges Manufacturers To Explore Alternative Funding

2025/08/01
Elumelu Reveals ‘5 Secrets’ Behind UBA Group’s Growth
Business

Elumelu Calls For Urgent Investment In Energy Infrastructure To Harness Africa’s Youthful Population

2025/08/01
CSR: Dangote Cement Wins Big In Zambia, Senegal
Business

Dangote Advocates Budget-friendly Mass Housing For Nigerians

2025/08/01
Senate Rejects NEITI’s N960m Personnel Cost
Business

NEITI Proposes Data Deployment To Guide Nigeria’s Energy Transition, Climate Justice

2025/08/01
LEADERSHIP Awards: Aradel Holdings Plc Is Oil And Gas Local Content Champion Of The Year 2023
Business

Aradel Holdings Reports N146.4bn Net Profit In H1

2025/08/01
Caverton Diversifies To Boost Performance
Business

Caverton Returns To Profitability, Posts N2.09bn Pre-tax Profit

2025/08/01
Leadership Conference advertisement

LATEST

High Interest Rates: MAN Urges Manufacturers To Explore Alternative Funding

Elumelu Calls For Urgent Investment In Energy Infrastructure To Harness Africa’s Youthful Population

Dangote Advocates Budget-friendly Mass Housing For Nigerians

NEITI Proposes Data Deployment To Guide Nigeria’s Energy Transition, Climate Justice

Aradel Holdings Reports N146.4bn Net Profit In H1

Caverton Returns To Profitability, Posts N2.09bn Pre-tax Profit

Keyamo Rallies Transport Stakeholders For Safer Multimodal Transport System

Asharami Energy Reinforces Safety Culture As Foundation For Sustainable Growth

1,500 MTN Users Win N290m In Ongoing Mega Promo

Top 30 Nominees Emerge For 2025 JCI Programme

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.