Central Bank of Nigeria
|Central Bank of Nigeria|
|Headquarters||Abuja, FCT, Nigeria|
|Central bank of||Nigeria|
|ISO 4217 Code||NGN 566|
|Reserves||28 280 million USD|
History[change | change source]
Under the leadership of G.D Paton was established by the colonial administration to investigate banking practices in Nigeria. Prior to the inquiry, the banking industry was largely uncontrolled. The G.D Paton report, an offshoot of the inquiry became the cornerstone of 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. The Central Bank of Nigeria has blue color on its office building at different branches of Nigeria.
Governors[change | change source]
Here are the list of Governors of the Central Bank of Nigeria:
|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 of Nigeria||1 October 1993||29 May 1999|
|Joseph Oladele Sanusi||CEO First Bank of 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 of Nigeria||3 June 2009||20 February 2014|
|Sarah Alade||Deputy Governor, Central Bank of Nigeria||20 February 2014||3 June 2014|
|Godwin Emefiele||Chief Executive Officer, Zenith Bank||3 June 2014||to date|
References[change | change source]
- "Central Bank of Nigeria | Home". www.cbn.gov.ng. Retrieved 2021-04-27.
- "Central Bank of Nigeria:: History of the CBN". www.cbn.gov.ng. Retrieved 2021-04-27.
- Cite error: The named reference
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- "Cbn Exchange Rate : Check All Cbn Nigeria Exchange Rate Today 2020 – Information". Retrieved 2021-04-27.
- "Past And Present Governors". Central Bank of Nigeria. Archived from the original on 2010-02-14. Retrieved 2010-02-28.
- "Nigeria central bank head Lamido Sanusi ousted". bbc.com. BBC. Retrieved 25 September 2018.
- "BREAKING: Senate confirms Emefiele's re-appointment a day after screening". Oak TV Newstrack. 16 May 2019. Archived from the original on 17 May 2019. Retrieved 17 May 2019.