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  2. Nigeria and the International Monetary Fund - Wikipedia

    en.wikipedia.org/wiki/Nigeria_and_the...

    Nigeria received an RFI emergency loan for economic losses incurred due to COVID-19, which is to be repaid within 5 years, and repayments beginning within the third year. [6] The RFI loan was conditioned upon the nation's adherence to transparency and participation in independent audits of crisis-mitigation. [ 6 ]

  3. Central Bank of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Central_Bank_of_Nigeria

    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 ...

  4. Monetary policy - Wikipedia

    en.wikipedia.org/wiki/Monetary_policy

    Monetary policy is the outcome of a complex interaction between monetary institutions, central banker preferences and policy rules, and hence human decision-making plays an important role. [88] It is more and more recognized that the standard rational approach does not provide an optimal foundation for monetary policy actions.

  5. Nigerian Security Printing and Minting Company Limited

    en.wikipedia.org/wiki/Nigerian_Security_Printing...

    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 the volume of money supply in the economy in order to ensure monetary and price stability.

  6. Category:Nigeria politics and government templates - Wikipedia

    en.wikipedia.org/wiki/Category:Nigeria_politics...

    If the template has a separate documentation page (usually called "Template:template name/doc"), add [[Category:Nigeria politics and government templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Nigeria politics and government templates]]</noinclude>

  7. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    On 1 January 1973, the Central Bank of Nigeria introduced notes for 50 kobo, ₦1, ₦5, ₦10 and ₦20: in April 1984, the colors of all naira banknotes were changed in an attempt to control money laundering. [12] In 1991, ₦50 notes were issued, while the 50 kobo and ₦1 notes were replaced by coins in 1991.

  8. Money creation - Wikipedia

    en.wikipedia.org/wiki/Money_creation

    Money creation, or money issuance, is the process by which the money supply of a country, or an economic or monetary region, [note 1] is increased. In most modern economies, money is created by both central banks and commercial banks .

  9. Cash-less Nigeria - Wikipedia

    en.wikipedia.org/wiki/Cash-less_Nigeria

    Cash-less Nigeria is a policy established in the year 2012 by the Central Bank of Nigeria to curb excesses in the handling of cash in the Nigerian federation. It prescribed a cash handling charges on daily withdrawal above five hundred thousand Naira (N500,000.00) for individuals and three million Naira for corporate bodies (N3, 000,000.00).