Central Bank of Nigeria
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The Central bank of Nigeria is the central bank of the country founded through the Central Bank of Nigeria Act 1958. The bank started its operation in the year 1959
Since then the bank has been operating with many fold objectives, which are as follows:
The Central bank of Nigeria is the central bank of the country founded through the Central Bank of Nigeria Act 1958. The bank started its operation in the year 1959
Since then the bank has been operating with many fold objectives, which are as follows:
- Issuing currency in the country smoothly
- Maintaining Foreign Exchange Reserves
- Promoting monetary and fiscal strength of the nation
- Acting as a banker to the Government
- Rendering guidelines to the commercial banks
The bank from time to time has adopted many new initiatives for high standards of banking practices and financial stability in the country’s economy.
Important functions of the bank are as follows:
- Issues currency
- Acts as a banker and financial agent to Government
- Manages the debt on the country
- Supervises the banks and financial institution
- Controls the liquidity of banks
The Address and Contact details of the bank is as follows:
Central Bank of Nigeria
Address: Private Mail Bag 12194 Lagos NIGERIA
Phone No.: ++234-1-266 01 00
Fax: ++234-1-261 70 05
