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Central Bank of Nigeria

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Central Bank of Nigeria
The supreme monetary authority in Nigeria. It issues the Nigerian naira, maintains foreign currency reserves and is charged with maintaining monetary stability. It is also the lender of last resort for Nigerian banks. It was established by law in 1958.


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Last week, the Central Bank of Nigeria (CBN) published a list of 616 people owing the banks some 450 billion naira (three billion dollars, two billion euros).
The new Governor of the Central Bank of Nigeria (CBN), Sanusi on Aug.
Statistics from the Central Bank of Nigeria indicate that about 54 percent of the nation's 140 million people live in poverty, many living on less than one US dollar a day.
 
 
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