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About CBN

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CBN Departments

Operations Directorate
There are five departments under this directorate viz:
  1. Banking and Payment System Department
  2. Branch Operations Department
  3. Currency Operations Department
  4. Information Technology
  5. Reserve Management.

Departments under this directorate are:-


  1. Banking and Payment System
    The Department has the following mandates:

    • Development and oversight of the national payment system policy
    • Deployment of the CBN payment system
    • Execution of domestic and foreign currency settlements and payments on behalf of the Bank and her clients (government and financial institutions)

  2. Branch Operations
    The Department has the following mandates:

    • Management of branch operations nation-wide
    • Customer relationship management

  3. Currency Operations
    The Department has the following mandate:

    • Development of Nigeria’s currency policy and implementation of local and foreign currency processes
  4. Information Technology
    The Department has the following mandate:

    • Formulation of policies, management of infrastructure and provision of services to ensure an effective and secure information and communication technology (ICT) environment in the Bank

  5. Reserve Management

  6. The Department has the following mandate:
    • Management of the Nation's foreign reserves and CBN's foreign investments


    See departments under other directorates:

Please Note 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 : 1/1/1900
Central Banking:The earliest known bank of issue is the Riksbank of Sweden (1656). Modern central banking started with Bank of England (1694). Central Bank of Nigeria began operations in 1959.
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