The Central Bank For Nigeria (CBN) is the apex bank and the highest monetaryauthority for Nigeria. It was created by the CBN Act of 1958. The bank started operations on July 1, 1959.[2][3]
CBN headquarters
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]
