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CBN Departments

Economic Policy
This directorate is made up of the following Departments:
  1. Research Department
  2. Statistics Department
  3. Monetary Policy Department
  4. Trade and Exchange Department.
  5. Financial Markets Department.

 

Departments under this directorate are:-

  • Financial Markets Department
    The Department has the following mandates:

    • Implementation of CBN-mandated and CBN financial market operations
    • Promotion of the Nigerian financial markets to ensure effective monetary policy transmission

  • Monetary Policy

    The Department has the following mandate:

    • Development and implementation of monetary policy

  • Research

    The Department has the following mandates:

    • Development and provision of information services, analyses and policy papers on various areas of the economy including the financial, external, fiscal and real sectors.
    • Macroeconomic modeling and forecasting
  • Statistics

    • The Department has the following mandates:

    • Provision of access to accurate, reliable, usable and timely data and statistics on a wide range of areas, in cooperation with the National Bureau of Statistics and other institutions
  • Trade & Exchange
The Department has the following mandates

    • Development and articulation of trade and exchange rate policies working with other arms of government

See departments under other directorates

Please Noteont> that the CBN does not have any other departments outside the country or at any other location besides those listed on this website, If you have received any form of correspondence naming a CBN department that is not on this list please see our 419 disclaimer.

Facts : 3/1/1970
ORGANISATION AND GROWTH:In March, 1970, the Board of Directors employed the services of W.H. Rozell (Junior), a consultant, to, among other things, review the existing structure and size of the Bank Departments. In the same year, Rozell proposed a new organisational structure for the CBN.
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