Decision Maker

Central Bank of Nigeria

The Central Bank of Nigeria, headquartered in Abuja, is the national banking regulator of Nigeria, serving as the country's principal monetary authority. Established in 1958 and commenced operations in 1959, its key responsibilities include issuing Nigerian currency, maintaining the country's external reserves, promoting monetary stability, and fostering a sound financial system. As part of its duties, it also manages Nigeria's exchange rate, regulates the government's budgets, and implements monetary policies to control inflation. Its operations are overseen by a governor, assisted by several deputy governors and a board of directors.