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CBN Departments

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

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 : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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