GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Reasons For Relocation of CBN Departments to Lagos Office – Official”

samuel Ayoola by samuel Ayoola
January 14, 2024
in News
Reading Time: 2 mins read
CBN Official Exchange Rate
101
SHARES
Advertisements

“The Central Bank of Nigeria (CBN) Initiates Strategic Relocation of Departments to Lagos for Operational Optimization

In a significant move, the Central Bank of Nigeria (CBN) has announced plans to transfer certain departments to Lagos, the nation’s economic hub and first capital territory. An internal memo obtained by Sunday PUNCH sheds light on the motivations behind this decision.

READ ALSO

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

Nigerian Banks Resume International Transactions on Naira Debit Cards

An official within the apex bank, speaking on condition of anonymity, clarified that the move is part of a broader initiative to decongest the CBN’s head office located in the Federal Capital Territory. Despite reports of resistance from some staff members, citing tribal sentiments, the source emphasized that the primary goals are ‘staff safety and increased productivity.’

The memo outlines the rationale behind the decision: ‘This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimize the operational environment of the Bank. This initiative aims to ensure compliance with building safety standards and enhance the efficient utilization of our office space.’

The action plan, driven by factors such as aligning the bank’s structure with its functions, redistributing skills for a more even geographical spread of talent, and complying with building regulations, will see 1,533 staff members relocated to other CBN facilities in Abuja, Lagos, and understaffed branches.

The memo highlights the overcrowding challenges at the head office, stating, ‘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.’

According to the official, confirmed by GOLDENNEWSNG the CBN Governor, Yemi Cardoso, has earmarked departments for relocation, including Banking Supervision, Other Financial Institutions Supervision, Consumer Protection, Payment System Management, and Financial Policy Regulations. The strategic move aims to enhance efficiency, compliance with regulations, and the overall effectiveness of CBN operations.”

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Top 10 Fully Funded Scholarships to Study Medicine in UK 2024

Next Post

JUST IN: Former Minister’s Associate Volunteers to Contribute N50 Million Ransom for Abducted Sisters

Related Posts

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

  ... Want bill on sexual harassment passed into law Group photograph As part of efforts to end Sexual and...

Read moreDetails

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards as FX Liquidity Improves GoldenNewsNg reports that after nearly three years...

Read moreDetails

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

Lagos State TESCOM Teachers Recruitment 2025

Lagos State Teachers Recruitment 2025 - The Lagos State Government is planning to restore the discipline, structure, ethics, and investments...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 5th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Abuja, FCT – The Federal High Court in Abuja has ordered the Senate to immediately recall Senator Natasha Akpoti-Uduaghan, representing...

Read moreDetails

FG to Enforce Vehicle Recycling Policy by October 2025, Targets 40,000 Jobs

Vehicle Recycling Policy

FG set to Enforce Vehicle Recycling Policy by October 2025, Targets 40,000 Jobs   GoldenNewsNg reports that the Federal Government...

Read moreDetails

Tensions Rise as Court Finds Senator Natasha Guilty of Contempt in Civil Case Against Akpabio

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

The Federal High Court in Abuja has found suspended Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, guilty of contempt of...

Read moreDetails

ADC Youths Rejects Atiku, Amaechi, El-Rufai

ADC Youths Rejects Atiku, Amaechi, El-Rufai

ADC Youth Wing Rejects Atiku, El-Rufai, Peter Obi Coalition Takeover Plan GoldenNewsNg reports that the Youth Wing of the African...

Read moreDetails

FG Sets Petrol Pricing Forum as Marketers Demand Transparency

Petrol Pricing Forum

FG Sets Petrol Pricing Forum for July 23–24 as Marketers Demand Transparency GoldenNewsNg reports that the Federal Government has scheduled...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 4th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 4th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails
Load More
Next Post
JUST IN: Former Minister’s Associate Volunteers to Contribute N50 Million Ransom for Abducted Sisters

JUST IN: Former Minister's Associate Volunteers to Contribute N50 Million Ransom for Abducted Sisters

SEARCH ADS

Latest Posts

Education

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

DESOPADEC Begins N50,000 Bursary Payouts in August
Education

DESOPADEC set to Commence N50,000 Bursary Payment

Hard Skills Mentorship Programme Empowers Young Nigerian Women
Headline

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Nigerian Banks Resume International Transactions on Naira Debit Cards
business

Nigerian Banks Resume International Transactions on Naira Debit Cards

Headline

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians
Headline

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Lagos State TESCOM Teachers Recruitment 2025
Headline

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows
Headline

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX
business

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension
Headline

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News