Tuesday, July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

CBN Explains Why It Moved Departments To Lagos Office

Adams Bamidele by Adams Bamidele
January 14, 2024
in Featured, News
0
CBN Explains Why It Moved Departments To Lagos Office
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

The Central Bank of Nigeria is set to transfer some of its departments to the nation’s first capital territory and the country’s economic hub, Lagos State.

 

Related posts

S’Court To Decide Edo Governorship Election Wednesday

S’Court To Decide Edo Governorship Election Wednesday

July 1, 2025
INEC Chair Presides Over Management Meeting Amid Dismissal Rumours

INEC To Release Fresh Guidelines For Reviewing Election Results

July 1, 2025

This was stated in an internal memo available to Sunday PUNCH on Saturday.

 

The move according to an official of the apex bank who did not want to be named, is to decongest the apex bank’s head office located in the Federal Capital Territory.

 

Although some staff of the bank have reportedly resisted the transfer and claimed that it was motivated by tribal sentiment, the source claimed that it was for ‘staff safety and increased productivity’.

This action is necessitated by several factors, including the need to align the Bank’s structure with its functions and objectives, redistribute skills to ensure a more even geographical spread of talent, and comply with building regulations, as indicated by repeated warnings from the Facility Manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

The action plan focuses on optimizing the utilization of other Bank’s premises. With this plan, 1,533 staff will be moved to other CBN facilities within Abuja, Lagos and understaffed branches.

 

“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building. This overcrowding poses several critical challenges.”

 

The source added, “The CBN is saying instead of 200 workers to go work in other states and return to the head office, they should relocate fully to that state for safety and to increase productivity.”

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Tonto Dikeh Behind Gistlover Blog – VeryDarkMan claims

Next Post

2024 Budget: NASS Leadership, Appropriation Chairmen Recommended for National Honours

Next Post
2024 Budget: NASS Leadership, Appropriation Chairmen Recommended for National Honours

2024 Budget: NASS Leadership, Appropriation Chairmen Recommended for National Honours

RECOMMENDED NEWS

EFCC Officer Found Dead In Lagos

EFCC Officer Found Dead In Lagos

5 months ago
Breaking : Family Of Eight Perishes In Auto Crash

Breaking : Family Of Eight Perishes In Auto Crash

2 years ago
Nigeria Incurred N6.2tn FX, N4.5tn Fuel Subsidy Costs In 2022 – CBN

Nigeria Incurred N6.2tn FX, N4.5tn Fuel Subsidy Costs In 2022 – CBN

7 months ago
Naira Hits Record Low Of N1,410/US$ At Parallel Market

Naira Slumps Against Dollar At Forex Market

2 years ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections Akpabio Alaafin Of Oyo Alaafin Of Oyo Coronation APC Atiku Bola Tinubu Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigeria Labour Congress (NLC) Nigerian National Petroleum Company Limited (NNPCL) Nigeria Police Force Nnamdi Kanu NNPC NNPCL Oil Marketers PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Sexual Harassment Tax Reform Bills Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • S’Court To Decide Edo Governorship Election Wednesday
  • INEC To Release Fresh Guidelines For Reviewing Election Results
  • Ganduje: No one is indispensable to Tinubu, Dele Momodu Warns Akpabio
  • Oil Production: FG Declares End To Dormant Fields

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

S’Court To Decide Edo Governorship Election Wednesday

S’Court To Decide Edo Governorship Election Wednesday

July 1, 2025
INEC Chair Presides Over Management Meeting Amid Dismissal Rumours

INEC To Release Fresh Guidelines For Reviewing Election Results

July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights