Established by the CBN Act of 1958 and commencing operations on July 1, 1959, the Central Bank of Nigeria is the nation's chief regulatory authority for the financial sector. Its core mission is to ensure monetary and price stability. The CBN's mandate includes issuing legal tender, maintaining Nigeria's external reserves to safeguard the currency's international value, promoting a sound financial system, and acting as the official banker and financial advisor to the Federal Government of Nigeria.

Founded in

Nigeria