Understanding Everyday economics
Educational Series
The Series seeks to educate stakeholders and the general public on
monetary policy issues such as: what is monetary policy, how it is
conducted, What it can do and not do and how the monetary policy actions of
the Central Bank of Nigeria affects Nigerians, the economy and the outside
world.
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.