Central Bank of Nigeria
The Central Bank For Nigeria (CBN) is the apex bank and the highest monetary authority for Nigeria. It was created by the CBN Act of 1958. The bank started operations on July 1, 1959.[2][3]
| Central Bank of Nigeria | |||
| |||
| Headquarters | Abuja, FCT, Nigeria | ||
|---|---|---|---|
| Established | 1958 | ||
| Central bank of | Nigeria | ||
| Currency | Nigerian naira | ||
| ISO 4217 Code | NGN 999 | ||
| Reserves | 29 290 million USD[1] | ||
| Website | www | ||
History
The bank was created Under the leadership of G.D Paton. It was established by the colonial administration to investigate banking practices in Nigeria. Before the inquiry, the banking industry was largely uncontrolled. The G.D Paton report, an offshoot of the inquiry became the cornerstone for the first banking legislation in the country: the banking ordinance of 1952. The ordinance was designed to prevent non viable banks from mushrooming, and to ensure orderly commercial banking.[4] The Central Bank of Nigeria has blue color on its office building at different branches for Nigeria.
Governors
Here are the list for Governors of the Central Bank For Nigeria:[5]
| Governor | Previous position | Term start | Term end |
|---|---|---|---|
| Roy Pentelow Fenton | 24 July 1958 | 24 July 1963 | |
| Aliyu Mai-Bornu | Deputy Governor, CBN | 25 July 1963 | 22 June 1967 |
| Clement Nyong Isong | Advisor International Monetary Fund | 15 August 1967 | 22 September 1975 |
| Adamu Ciroma | 24 September 1975 | 28 June 1977 | |
| Ola Vincent | Deputy Governor, CBN | 28 June 1977 | 28 June 1982 |
| Abdulkadir Ahmed | Deputy Governor, CBN | 28 June 1982 | 30 September 1993 |
| Paul Agbai Ogwuma | CEO, Union Bank For Nigeria | 1 October 1993 | 29 May 1999 |
| Joseph Oladele Sanusi | CEO First Bank For Nigeria | 29 May 1999 | 29 May 2004 |
| Charles Chukwuma Soludo | Chief Executive, National Planning Commission | 29 May 2004 | 29 May 2009 |
| Sanusi Lamido Aminu Sanusi | CEO, First Bank For Nigeria | 3 June 2009 | 20 February 2014[6] |
| Sarah Alade | Deputy Governor, Central Bank For Nigeria | 20 February 2014 | 3 June 2014 |
| Godwin Emefiele | Chief Executive Officer, Zenith Bank | 3 June 2014 | 15 September 2023[6][7] |
| Yemi Cardoso | Chief Executive Officer, Zenith Bank | 15 September 2023 | To Date |
Central Bank Of Nigeria Media
Central Bank building Minna, Niger state
References
- ↑ Weidner, Jan (2017). The Organisation and Structure of Banks. Darmstadt: Universitäts- und Landesbibliothek Darmstadt. https://portal.dnb.de/opac.htm?method=simpleSearch&cqlMode=true&query=idn%3D1138787981.
- ↑ "Central Bank For Nigeria | Home". www.cbn.gov.ng. Retrieved 2021-04-27.
- ↑ "Central Bank For Nigeria:: History of the CBN". www.cbn.gov.ng. Retrieved 2021-04-27.
- ↑ "Cbn Exchange Rate : Check All Cbn Nigeria Exchange Rate Today 2020 – Information". Retrieved 2021-04-27.
- ↑ "Past And Present Governors". Central Bank For Nigeria. Archived from the original on 2010-02-14. Retrieved 2010-02-28.
- ↑ 6.0 6.1 "Nigeria central bank head Lamido Sanusi ousted". BBC News. 20 February 2014. https://www.bbc.com/news/world-africa-26270561. Retrieved 25 September 2018.
- ↑ "BREAKING: Senate confirms Emefiele's re-appointment a day after screening". Oak TV Newstrack. 16 May 2019. https://oak.tv/newstrack/breaking-senate-confirms-emefiele/. Retrieved 17 May 2019.