The Central Bank Of Nigeria is under scrutiny after reports surfaced that it offered N300,000 as compensation to staff members who were terminated after over a decade of service. This move has sparked outrage among employees and observers alike, questioning the fairness of the severance package.
In related news, Central Bank Governor Cardoso has downplayed concerns regarding a $1.37 billion drop in external reserves over six weeks, while Fitch has maintained Nigeria’s credit rating at 'B', indicating ongoing challenges in the financial landscape.