The naira is the currency of Nigeria. One naira is divided into 100 kobo.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and 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. After the end of imperial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original intention to work through commercial banks in activities involving consumer lending.
Charles Chukwuma Soludo is a Nigerian politician, banker, and economics professor who has served as governor of Anambra State since March 2022. He is a former governor and chairman of the board of directors of the Central Bank of Nigeria. He was appointed as the bank's governor on 29 May 2004.
First Bank of Nigeria is a multinational bank and financial services company in Lagos, Nigeria. First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
The Nigerian Security Printing and Minting Company Plc is the Nigerian banknote printer and mint. It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria.
Shamsuddeen Usman,, is a Nigerian economist, banker, technocrat and public servant. He is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria. He was the Finance Minister of Nigeria between June 2007 and January 2009 and also served as the Minister of National Planning from January 2009 to September 2013. Usman is the Chairman of Citibank Nigeria Limited.
Kingsley Chiedu Moghalu OON is a Nigerian political economist. He served as Deputy Governor of the Central Bank of Nigeria, appointed by President Umaru Musa Yar'Adua, from 2009 to 2014. He subsequently taught at Tufts University as Professor of Practice in International Business and Public Policy at The Fletcher School of Law and Diplomacy from 2015 to 2017. He was the presidential candidate of the Young Progressive Party (YPP) in the country's general election in February 2019.
Sanusi Lamido Sanusi, CON ; born 31 July 1961), known by the religious title Khalifa Sanusi II, is a spiritual leader in the Tijanniyah Sufi order of Nigeria. He is a member of the Dabo dynasty and the 14th emir of the ancient city-state of Kano. He was born in Kano in 1961 into the royal family as the grandson of Muhammadu Sanusi I. He succeeded his great-uncle Ado Bayero to the throne on 8 June 2014, and spent most of his reign advocating for cultural reform in Northern Nigeria, until his dethronement on 9 March 2020.
The Nigeria Deposit Insurance Corporation (NDIC) is a statutory body established by NDIC Act No. 16 of 2006 with exclusive mandate of administering the Deposit Insurance System (DIS) in Nigeria. As one of the components of the nation's financial safety-net arrangement, the NDIC has the responsibility of protecting depositors and guaranteeing the payment of insured sums when the license of a deposit-taking financial institution is revoked by the Central Bank of Nigeria (CBN)..
Felix Kolawole Bajomo ; born 7 January 1947) is a Nigerian accountant and politician who was elected a member of the Senate for the Ogun West constituency of Ogun State in April 2007.
Abdulkadir Ahmed was a Nigerian businessman and civil servant who was governor of the Central Bank of Nigeria from 1982 to 1993.
Dr. Paul Agbai Ogwuma is a Nigerian banker who was Governor of the Central Bank of Nigeria between 1993 and 1999 during the military regime of General Sani Abacha and his successor General Abdulsalami Abubakar.
The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria. The CIBN was incorporated in 1976 as the Nigerian Institute of Bankers. It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007. The Institute is authorized to regulate the banking profession, set standards for bankers, and to maintain professional ethics through sanctions against members. Corporate members include the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation and all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses in Nigeria.
The Savannah Bank is a Nigerian bank whose license was withdrawn in February 2002 and restored in February 2009 after protracted legal battles.
The Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief Executive Officer of FRC.
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance. The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against insider trading abuses.
Sarah Omotunde Alade is a Nigerian economist. She was acting governor of the Central Bank of Nigeria during the suspension of Sanusi Lamido Sanusi. She was appointed to the post by president Goodluck Jonathan on 20 February 2014. She held this position until the appointment of Godwin Emefiele in June 2014. She served as deputy governor, Central Bank of Nigeria from 26 March 2007 to 22 March 2017.
Adebayo Adelabu is a former deputy governor, operations of the Central Bank of Nigeria and currently serving as the federal minister of power of Nigeria. And 2019 Oyo State gubernatorial candidate for the All Progressives Congress.
Tunde Lemo or Tunde O. Lemo is a Nigerian banker and former deputy governor of operations and director of the Central Bank of Nigeria. As of 2018, he serves as chairman of the Federal Roads Maintenance Agency (FERMA).
Lafarge Africa Plc is a building solutions company headquartered in Lagos and quoted on the Nigerian Stock Exchange. It is majorly controlled by the Holcim Group. Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in the name change to Lafarge Africa.
