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Central Bank of Nigeria's Overview

Total employees3665
HeadquartersAbuja
Founded1958

The Central Bank of Nigeria (CBN) serves as the nation's apex monetary authority. Its core mandates include ensuring monetary and price stability, issuing and managing the legal tender currency (the Naira), maintaining Nigeria's external reserves to safeguard the international value of the currency, and promoting a sound and stable financial system. The CBN plays a crucial role in formulating and implementing monetary policy, regulating banking and other financial institutions, and acting as a banker and financial adviser to the Federal Government of Nigeria. It is committed to fostering economic growth and development through its various initiatives and interventions.

Where is Central Bank of Nigeria's Headquarters?

HQ Function

Serves as the primary administrative and operational center for the CBN, overseeing monetary policy formulation, financial regulation, currency management, and national economic advisory functions.

Notable Features:

The CBN headquarters building in Abuja, commissioned in 2002, is a modern architectural landmark known for its imposing structure and secure facilities, reflecting its status as the nation's central monetary institution. It is a significant feature of the Abuja skyline.

Work Culture:

As a key governmental financial institution, the work culture at the CBN headquarters is generally formal, professional, and focused on precision, policy adherence, and national economic objectives. It emphasizes integrity, diligence, and a commitment to public service.

HQ Significance:

The headquarters is the nerve center for Nigeria's monetary policy and financial system stability. Key decisions impacting the nation's economy, currency value, and banking sector are made here.

Values Reflected in HQ: The headquarters' robust, modern, and secure design reflects the bank's core values of stability, integrity, transparency, and trustworthiness in managing the nation's finances.

Location:

As a national central bank, the Central Bank of Nigeria's primary operations are focused within Nigeria. However, it engages globally through relationships with international financial institutions like the International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), African Development Bank (AfDB), and other central banks worldwide. These interactions support international monetary cooperation, policy dialogue, technical assistance, reserve management, and participation in global financial stability initiatives. The CBN does not maintain operational branches outside Nigeria for public banking services.

Street Address:

Plot 33, Abubakar Tafawa Balewa Way, Central Business District, Cadastral Zone

City:

Abuja

State/Province:

Federal Capital Territory (FCT)

Country:

Nigeria

Central Bank of Nigeria's Global Presence

Lagos, Lagos State/Nigeria

Address: Tinubu Square, P. M. B. 12194, Lagos, Nigeria

Supports the high volume of financial transactions in Lagos, engages with numerous commercial banks and financial institutions headquartered or operating significantly in the city, and plays a key role in currency management for the densely populated South-West region.

Kano, Kano State/Nigeria

Address: No. 12, BUK Road, P.M.B. 3064, Kano, Kano State, Nigeria

Facilitates economic activities and financial services in one of Northern Nigeria's largest commercial centers, ensuring currency availability and supporting the banking sector's stability in the North West geopolitical zone.

Buying Intent Signals for Central Bank of Nigeria

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Central Bank of Nigeria

As of April 2025, Central Bank of Nigeria' leadership includes:

Olayemi Cardoso - Governor
Muhammad Sani Abdullahi - Deputy Governor, Economic Policy Directorate
Bala M. Bello - Deputy Governor, Corporate Services Directorate
Emem N. Usoro - Deputy Governor, Operations Directorate
Philip Ikeazor - Deputy Governor, Financial System Stability Directorate

Investors of Central Bank of Nigeria

Central Bank of Nigeria has been backed by several prominent investors over the years, including:

Federal Government of Nigeria

Executive New Hires/Exits in the Last 12 Months

Hire5
Exits5

The past 12 months witnessed a significant leadership overhaul at the Central Bank of Nigeria. A new Governor and four new Deputy Governors were appointed in late 2023, following the suspension and subsequent replacement of the former Governor and the departure of the previous team of Deputy Governors.

Departures

Godwin Emefiele, Godwin Emefiele was replaced as Governor of the CBN.
Folashodun Shonubi, Folashodun Shonubi, who served as Acting Governor, was replaced as Deputy Governor.
Aishah Ahmad, Aishah Ahmad was replaced as Deputy Governor.
Edward Adamu, Edward Adamu was replaced as Deputy Governor.
Kingsley Obiora, Kingsley Obiora was replaced as Deputy Governor.

New Appointments:

Olayemi Cardoso, Olayemi Cardoso appointed as new Governor of the CBN.
Muhammad Sani Abdullahi, Muhammad Sani Abdullahi appointed as new Deputy Governor.
Bala M. Bello, Bala M. Bello appointed as new Deputy Governor.
Emem N. Usoro, Emem N. Usoro appointed as new Deputy Governor.
Philip Ikeazor, Philip Ikeazor appointed as new Deputy Governor.

Technology (Tech Stack) used by Central Bank of Nigeria

Discover the tools Central Bank of Nigeria uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Central Bank of Nigeria Email Formats and Examples

The Central Bank of Nigeria (CBN) utilizes official email addresses for its communications, typically associated with its domain cbn.gov.ng. Due to security protocols and the official nature of their correspondence, specific internal email patterns for individual staff are not publicly disclosed. For official inquiries, it is recommended to use the contact forms or general inquiry email addresses provided on the CBN's official website, such as 'contactcbn@cbn.gov.ng'.

While not officially published, common conventions for Nigerian government institutions might include formats like [firstinitial][lastname]@cbn.gov.ng or [firstname].[lastname]@cbn.gov.ng. However, reliance on such presumed formats is not advised for official communication.

Format

contactcbn@cbn.gov.ng

Example

30%

Success rate

News and media

ReutersMay 21, 2024

Central Bank of Nigeria raises main interest rate by 150 bps to 26.25%

The Central Bank of Nigeria's Monetary Policy Committee increased its benchmark interest rate by 150 basis points from 24.75% to 26.25% in an effort to combat persistent high inflation....more

BloombergMay 21, 2024

Central Bank of Nigeria Governor Cardoso rules out direct financing of government budget for now

CBN Governor Olayemi Cardoso stated that the central bank will not currently resort to 'Ways and Means' advances (direct lending to the government) to finance the federal government's budget, emphasizing a focus on conventional monetary policy tools and market-based financing....more

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