Central Bank of Nigeria

The Central Bank of Nigeria (CBN) is the country’s main financial institution responsible for managing Nigeria's currency and monetary policy. It regulates banks, ensures financial stability, and oversees the nation's payment systems. The CBN aims to promote economic growth and control inflation, setting interest rates and managing foreign exchange. It also acts as the government's banker and advisor on economic issues. In essence, the CBN plays a crucial role in shaping Nigeria's economy and ensuring a stable financial environment for businesses and consumers.