Central Bank of Nigeria

E254238

The Central Bank of Nigeria is the country’s apex monetary authority responsible for issuing currency, regulating the banking sector, and formulating and implementing monetary policy in Nigeria.

All labels observed (6)

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf central bank
monetary authority
beganOperationsInYear 1959
capitalCityOfJurisdiction Abuja
collaboratesWith Ministry of Finance of Nigeria
surface form: Federal Ministry of Finance (Nigeria)

Nigeria Deposit Insurance Corporation
continent Africa
country Nigeria
currencyCode NGN
currencyIssued Nigerian naira
establishedInYear 1958
formerHeadquartersLocation Lagos
governanceStructure board of directors
governor and deputy governors
governorTitle Governor of the Central Bank of Nigeria
headquartersLocation Abuja
implements cash reserve requirements for banks
foreign exchange management policies
open market operations in Nigeria
issues banking licenses in Nigeria
prudential guidelines for banks
jurisdiction Nigeria
legalFoundation Central Bank of Nigeria self-linksurface differs
surface form: Central Bank of Nigeria Act of 1958

Central Bank of Nigeria Act of 2007
manages Nigeria’s foreign exchange reserves
memberOf African central banks community
objective exchange rate stability in Nigeria
price stability in Nigeria
sound financial system in Nigeria
sustainable economic growth in Nigeria
policyCommittee Monetary Policy Committee
primaryFunction banker to the federal government of Nigeria
banking sector regulation
currency issuance
financial system stability
lender of last resort to banks in Nigeria
management of foreign reserves
monetary policy formulation
monetary policy implementation
publishes annual reports
monetary policy communiqués
statistical bulletins
regulates bureau de change operators in Nigeria
commercial banks in Nigeria
merchant banks in Nigeria
microfinance banks in Nigeria
mobile money operators in Nigeria
payment service banks in Nigeria
primary mortgage institutions in Nigeria
sets monetary policy rate in Nigeria
supervises deposit money banks in Nigeria
other financial institutions in Nigeria

How these facts were elicited

Referenced by (24)

Full triples — surface form annotated when it differs from this entity's canonical label.

Government of Nigeria controls Central Bank of Nigeria
Nigerian naira issuer Central Bank of Nigeria
Nigerian naira regulator Central Bank of Nigeria
Nigerian naira centralBank Central Bank of Nigeria
Nigerian naira monetaryAuthority Central Bank of Nigeria
Nigerian naira monetaryPolicyControlledBy Central Bank of Nigeria
Nigerian naira governingLaw Central Bank of Nigeria
this entity surface form: Central Bank of Nigeria Act (various versions)
Nigerian naira securityFeaturesManagedBy Central Bank of Nigeria
Lagos Island contains Central Bank of Nigeria
this entity surface form: Central Bank of Nigeria Lagos office
MPC usedBy Central Bank of Nigeria
FGN hasAgency Central Bank of Nigeria
Central Bank of Nigeria legalFoundation Central Bank of Nigeria self-linksurface differs
this entity surface form: Central Bank of Nigeria Act of 1958
Sanusi Lamido Sanusi employer Central Bank of Nigeria
Ministry of Finance of Nigeria collaboratesWith Central Bank of Nigeria
Budget Office of the Federation coordinatesWith Central Bank of Nigeria
Zone 4 Bureau De Change cluster regulatoryAuthority Central Bank of Nigeria
NGN regulatedBy Central Bank of Nigeria
NGN hasMonetaryAuthority Central Bank of Nigeria
Federal Ministry of Finance collaboratesWith Central Bank of Nigeria
subject surface form: Federal Ministry of Finance (Nigeria)
Julius Berger Nigeria PLC notableProject Central Bank of Nigeria
this entity surface form: Central Bank of Nigeria headquarters building in Abuja
FCT Abuja hosts Central Bank of Nigeria
this entity surface form: Central Bank of Nigeria headquarters
Olu Falae employer Central Bank of Nigeria
West African Currency Board replacedBy Central Bank of Nigeria