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The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Social Security Administration of Nigeria (SSA) Budget Office of the Federation (BOF) Bureau of Public Procurement (BPP) Central Bank of Nigeria (CBN) Corporate Affairs Commission (CAC) Debt Management Office (DMO) Federal Inland Revenue Service (FIRS) Federal Mortgage Bank of Nigeria (FMBN)
Bank Indonesia (BI) ; Financial Services Authority (OJK) ; Deposit Insurance Agency (LPS) Iran: Central Bank of Iran ; Securities and Exchange Organization (SEO) Iraq: Iraq Securities Commission (ISC) Ireland: European Central Bank through European Banking Supervision ; Central Bank of Ireland ; Pensions Authority: Israel
Chaired by Hon. Mohammed Bello El-Rufai, the committee collaborates closely with the Central Bank of Nigeria (CBN), the Federal Ministry of Finance, and other regulatory agencies to ensure financial stability and promote economic growth.
Nigeria’s central bank chief has been arrested hours after being suspended from office by the country’s new president, authorities said Saturday. Godwin Emefiele, governor of the Central Bank ...
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet.. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer.
The NFIU was established in 2004 as an autonomous unit within the central coordinating body for the country's Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing (AML/CFT/CPF) framework of Central Bank of Nigeria. It also operates as part of Economic and Financial Crimes Commission.
It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria. [1] In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria. It also prints stamps. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls ...