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The Central Bank of Nigeria (CBN) is the country's primary monetary authority, responsible for formulating and implementing monetary policies to achieve price stability and foster economic growth. Established in 1958, the CBN serves as the apex financial institution in Nigeria, overseeing the nation's banking and financial system.
Key functions of the Central Bank of Nigeria include issuing and regulating the country's currency, managing foreign exchange reserves, and ensuring the soundness and stability of the banking sector. The CBN plays a crucial role in controlling inflation, maintaining the external reserves, and supporting economic development initiatives.
Additionally, the Central Bank of Nigeria supervises and regulates financial institutions to promote a safe and efficient banking system. It implements policies to enhance financial inclusion, facilitate payments systems, and foster a robust and resilient financial sector.
The CBN also works on initiatives to support economic sectors, such as agriculture, manufacturing, and small and medium enterprises, to contribute to overall economic development. It collaborates with other government agencies and international organizations to address economic challenges and promote sustainable economic growth in Nigeria.
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Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), on Wednesday disclosed that the apex bank is not defending the Naira with the nati...
The Central Bank of Nigeria (CBN) has issued a new directive to all Deposit Money Banks (DMBs) introducing a reduction in the loan-to-deposit ratio (L...
The Nigeria Deposit Insurance Corporation (NDIC) has hailed the Central Bank of Nigeria (CBN) for its move to recapitalise banks to achieve economic r...
Monday Osazuwa, a Central Bank of Nigeria (CBN) employee, disclosed to Ikeja Special Offences Court how the former apex bank governor, Godwin Eme...
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold forei...
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for obtaining naira loans. This was conveyed throu...
Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, who is now facing multiple legal problems, has appeared in Lagos' Ikeja High Court....
As banks in Nigeria begin the process of recapitalization, an economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has taske...
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to implement measures that minimize shocks and d...
Prof. Ken Ife, an economist, has disclosed that aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will attr...
The Central Bank of Nigeria has revealed that over $1.5bn came into the Nigerian economy over the past few days, noting that its monetary policy effor...
The Central Bank of Nigeria (CBN), alongside law enforcement agencies, will closely monitor the Nigerian banking sector’s recapitalization effor...
Prof. Uche Uwaleke, a financial expert,has commended the Central Bank of Nigeria (CBN) for raising the minimum capital requirement for Nigerian banks....
The Central Bank of Nigeria (CBN) on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial ba...
Dr Titus Okunrounmu, former Director of Research at the Central Bank of Nigeria (CBN), has disclosed that the continuous increase of th...
