Central Bank of Nigeria

The Central Bank of Nigeria is charged with the responsibility of administering the Nigerian financial institutions.

The Central Bank of Nigeria is charged with the responsibility of administering the Nigerian financial institutions. The bank implements monetary and exchange rate policies and manages the financial sector of the country. Its services include issuing legal tender currency; maintaining external reserves; safeguarding the international value of the legal tender currency; promoting monetary stability and a sound financial system in Nigeria; and acting as banker and financial adviser to the federal government. Central Bank of Nigeria was founded in 1959 and is headquartered in Abuja, Nigeria.