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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.

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Training Center Resources

  • Training Brochure for 2006
  • Questions and answers on Training Center

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Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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