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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 ...
Olayemi Michael "Yemi" Cardoso (born 10 July 1957) is a Nigerian banker who is the governor of the Central Bank of Nigeria. [2] He previously served as the Commissioner for Economic Planning and Budget of the Lagos State Government.
The Discount Houses sub-sector of the Nigerian financial services industry was birthed in 1995 [1] and came as an offspring of the federal government of Nigeria through the Central bank of Nigeria (CBN). Discount Houses became the venue through which banks were able to channel excess liquidity and access same to and from the CBN.
This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [1] List of commercial banks
The Central Bank of Nigeria Act 1958 (No 24) or CBN Act established the Central Bank of Nigeria. [1] The bank commenced operations on July 1, 1959. The Central Bank of Nigeria Act 1958 was repealed by section 54(2) Archived 2018-07-02 at the Wayback Machine of the Central Bank of Nigeria Decree 1991. [1]
Premium Trust Bank is a Nigerian commercial bank that is licensed by the Central Bank of Nigeria, the national banking regulator. [1] The bank offers personal, corporate, private and SME Banking. [2] As of February 2023, the bank has 8 branches in Nigeria. [3] Premium Trust Bank was founded by Emmanuel Emefienim. [4] [5]
Eleje was appointed as the substantive Director of Currency Operations of the Nigerian apex bank, CBN, in August 2018. Prior to her appointment, she held the position in an acting capacity. The first set of naira currency featuring her signature was the 1000 naira note that came into circulation in 2019. [4]
Folashodun Adebisi Shonubi (born 7 March 1962) is a Nigerian economist who served as the acting governor of the Central Bank of Nigeria from 9 June to 15 September 2023. [1] [2] [3] He was the deputy governor (Operations Directorate) under the former CBN governor Godwin Emefiele until his suspension. [4] He resigned from the central bank in ...