Central Bank of Nigeria

The Central Bank of Nigeria (CBN) manages monetary policy and oversees important parts of the country's financial system. Its responsibilities include price stability, issuing Nigeria's legal tender and managing external reserves. The bank also acts as banker to the Federal Government and provides advice on economic and financial matters. These functions are set out in the CBN Act 2007 and place the institution at the centre of Nigeria's monetary and banking framework.

The CBN administers the Banks and Other Financial Institutions Act 2020, combining supervision of banking practices with work on financial stability and payment-system efficiency. Its departments carry out these responsibilities across the financial sector. The institution has also undertaken development programmes involving agriculture, industry and finance, alongside its core monetary and regulatory duties.