Nigeria - 2007 - Finance

Central Bank of Nigeria Act, 2007

Ministry of Finance, Budget and National Planning, Nigeria

This Act repeals The Central Bank of Nigeria Act, 1991, re-enacts a new Central Bank of Nigeria Act, 2007 and established The Central Bank of Nigeria for the promotion of a sound financial system in Nigeria and to act as banks and provide economic and financial advice to the Federal Government. It provides for the establishment of The Central Bank of Nigeria, the establishment of the board, management of the bank, establishment of the monetary policy committee, establishment of financial services regulation coordinating committee and powers to make regulations.

Process Flow

National Assembly ⬤

Office of the President ⬤

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Central Bank of Nigeria Act, 2007 Current Version

January 2022

This Act repeals The Central Bank of Nigeria Act, 1991, re-enacts a new Central Bank of Nigeria Act, 2007 and established The Central Bank of Nigeria for the promotion of a sound financial system in Nigeria and to act as banks and provide economic and financial advice to the Federal Government. It provides for the establishment of The Central Bank of Nigeria, the establishment of the board, management of the bank, establishment of the monetary policy committee, establishment of financial services regulation coordinating committee and powers to make regulations.

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