FX SPOT Sales of US$106.5 Million to Authorized Dealers. Kindly click on the provided link to read more - https://ow.ly/XX8V50SGjZH
Central Bank of Nigeria
Banking
Federal Capital Territory, Abuja 36,291 followers
Our Vision - To be a trusted and respected Central Bank promoting confidence in the economy
About us
The mandate of the Central Bank of Nigeria (CBN) is derived from the 1958 Act of Parliament, as amended in 1991, 1993,1997,1998,1999 and 2007. The CBN Act of 2007 of the Federal Republic of Nigeria charges the Bank with the overall control and administration of the monetary and financial sector policies of the Federal Government. The objects of the CBN are as follows: 1. Ensure monetary and price stability; 2. Issue legal tender currency in Nigeria; 3. Maintain external reserves to safeguard the international value of the legal tender currency; 4. Promote a sound financial system in Nigeria; and 5. Act as Banker and provide economic and financial advice to the Federal Government. In addition to its core functions, CBN has over the years performed some major developmental functions, focused on all the key sectors of the Nigerian economy (financial, agricultural and industrial sectors). Overall, these mandates are carried out by the Bank through its various departments.
- Website
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http://www.cbn.gov.ng
External link for Central Bank of Nigeria
- Industry
- Banking
- Company size
- 10,001+ employees
- Headquarters
- Federal Capital Territory, Abuja
- Type
- Government Agency
- Founded
- 1958
Locations
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Primary
Get directions
Central Bank of Nigeria Plot 33, Abubakar Tafawa Balewa Way Central Business District, Cadastral Zone, Abuja, Federal Capital Territory, Nigeria P.M.B. 0187, Garki Abuja. Nigeria, Federal Capital Territory, NG
Federal Capital Territory, Abuja, NG
Employees at Central Bank of Nigeria
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Adekunle Adeniji, FCCA
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Ngozichukwu Njemanze LL.M (Harvard), MBA, ACIS
Corporate Governance Lead| Regulatory Compliance| Bank Examiner| Fintech, Regtech and Suptech Advisory| Regulatory Innovation in Financial Services|…
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Babatunde Ajiboye
Fintech Compliance and Licensing Specialist
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Isaac Ayuba , ACA
Assistant Director at Central Bank of Nigeria
Updates
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CBN Governor, Olayemi Cardoso, presents the 2024 Half-Year Briefing to the Senate Committee on Banking, Insurance and Other Financial Institutions. According to him: - The CBN is dedicated to maintaining economic stability as we continue to see positive trends. Our focus is on policies that drive sustainable growth in financial markets. - The Bank is committed to the safety and soundness of the banking industry through decisive actions designed to enhance industry resilience. - Ensuring the soundness and resilience of our banking industry is a priority. The CBN has taken decisive measures to safeguard financial stability. - The CBN has achieved increased transparency and improved overall supply in the foreign exchange market, citing the convergence of rates as signals of the positive impact of the Bank’s forex market reforms. #CBN #EconomicGrowth
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Sales of Foreign Exchange to BDCs to Meet Retail Market Demand for Eligible Invisible Transactions. Kindly click on the provided link to read more - https://ow.ly/Hykr50SFeLm
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L-R: Mr. Bola Ajomale, Executive Commissioner (Operations) Securities & Exchange Commission; Dr. Usman Jankara, Deputy Commissioner for Insurance Technical, National Insurance Commission; Dr Iheanyi Anyahara, Coordinating Director, Accounting Standards/Sustainability Directorate, Financial Reporting Council of Nigeria (FRC); Dr. Farouk Aminu, Commissioner (Administration), National Pension Commission; Mr.Bello Hassan, Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC); Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria; Mr. Hussaini Ishaq Magaji, SAN, Registrar-General/ CEO, Corporate Affairs Commission; Hon. Zacch Adedeji, Executive Chairman, Federal Inland Revenue Service (FIRS); Mr. Muhammad Sani Abdullahi, Deputy Governor, Economic Policy, Central Bank of Nigeria; Mr. Philip Ikeazor, Deputy Governor, Financial System Stability, Central Bank of Nigeria; Ms. Emem Usoro, Deputy Governor, Operations Directorate, Central Bank of Nigeria; Mrs. Amina Ado, Coordinating Director, Large TaxPayers Group (FIRS) during the 77th Meeting of The Financial Services Regulation Coordinating Committee (FSRCC) at the CBN Headquarters on July 17, 2024.
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L-R: Mr. Taimur Samad, Lead Economist, World Bank; Mr. Alex Sienaert, Lead Economist for Nigeria, World Bank; Ms. Emem Usoro, Deputy Governor, Operations, Central Bank of Nigeria; Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria; Mr. Ndiame Diop, World Bank Country Director for Nigeria; Mr. Muhammad Sani Abdullahi, Deputy Governor, Economic Policy, Central Bank of Nigeria; Ms. Bertine Kamphuis, Senior Private Sector Specialist, World Bank on a Courtesy visit of the new World Bank Country Director for Nigeria on Tuesday, 9th July 2024.
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CBN Governor, Olayemi Cardoso, at BusinessDay CEO Forum 2024, insists policies must positively impact the average Nigerian and restates commitment to implement policies that will foster a stable and prosperous economic environment for all Nigerians. He added that the exclusion of retained earnings from the recapitalisation terms encourages banks to focus on raising fresh capital from external sources. He further assures that the CBN will strive to tame inflation and expresses optimism about the outlook of the Nigerian economy.
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