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Central Bank of Nigeria
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Posted: 05 Apr 2016 13:33
Category: Banking, Finance & Insurance
Location: Africa , Nigeria
Address: Unnamed Road, Nigeria
Contact Name: Central Bank of Nigeria
Description
The Central Bank of Nigeria was established by the CBN Act of 1958 and commenced operations on July 1, 1959 The major regulatory objectives of the bank as stated in the CBN act of 1958 is to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters.
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