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About CBN

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CBN Departments

In March 2010, the Central Bank of Nigeria launched its restructuring program tagged Project ACE with a view to repositioning and reinventing CBN for sustainable improvement of overall Accountability, Communication,Efficiency and Effectiveness

The imperative for change was anchored on the CBN's recognition of the need to gear up its systems and organization for strategic and business effectiveness issues. To ensure efficiency and effectiveness, and also to enhance smooth communication between and among departments, a new Management Structure was also put in the place to drive this Change.

There are 27 (Twenty Seven) Departments in the Central Bank of Nigeria grouped in order of related performance and job descriptions (JDs) to facilitate smooth operations and management of those department. The formation of these directorates also reduces the pressure that would have brought to bear on the chief executive (the Governor CBN). Each directorate is headed by deputy governor (D/G).

Management approved the establishment of 5 (five) directorates:

Please Note that the CBN does not have any other directorates/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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