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3.  CBN and the Community

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8Frequently Asked Questions

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Dutch Auction System
Date Total Sold
2/18 Auction No. 14 held with 16 Banks biding for a total of $0.00 (the lowest bid was $168.00). Total amount sold was $199,606,609.52. Click on date to see the detailed breakdown of the auction. ($199,606)
2/16 Auction No. 13 held with 21 Banks biding for a total of $0.00 (the lowest bid was $168.00). Total amount sold was $199,404,681.28. Click on date to see the detailed breakdown of the auction. ($199,404)
2/11 Auction No. 12 held with 19 Banks biding for a total of $0.00 (the lowest bid was $167.00). Total amount sold was $199,440,097.83. Click on date to see the detailed breakdown of the auction. ($199,440)
Note.: the above figures are in thousands of U$D. Retail DAS commenced on October 2, 2013.

Exchange Rates (NGN)
As at May 23, 2016
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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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Central Bank of Nigeria:: Did You Find
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Currency in Circulation

N 1,763,533 - in 4/30/2016
N 1,811,090 - in 3/31/2016
N 1,711,623 - in 2/29/2016
N 1,725,128 - in 1/31/2016
N 1,857,941 - in 12/31/2015
N 1,633,209 - in 11/30/2015
N 1,560,385 - in 10/30/2015
N 1,637,495 - in 9/30/2015
N 1,544,559 - in 8/31/2015
N 1,574,525 - in 7/31/2015
N 1,562,551 - in 6/30/2015
N 1,660,679 - in 5/31/2015

The above figures the last 12 captured months figures and are in millions of Naira.

Look up other Dates

Other Related Institutions


  1. Bureau of Public Enterprises (BPE)
  2. Federal Ministry Of Finance
  3. Federal Office of Statistics (Email)
  4. National Assembly (Email)
  5. National Insurance Commission (NAICOM)
  6. National Planning Commission
  7. Federal Ministry of Commerce
  8. Federal Ministry of Foreign Affairs
  9. Ministry of Cooperation & Integration in Africa
  10. National Maritime Authority
  11. National Orientation and Public Affairs, The Presidency
  12. Nigerian Communications Commission
  13. Nigerian Corporate Affairs Commission
  14. Nigerian Deposit Insurance Corporation (NDIC)
  15. Nigerian Investment Promotion Commission
  16. Nigerian National Petroleum Corporation
  17. Nigerian Postal Services
  18. Security & Exchange Commission (SEC)
  19. The Government of Nigeria On-line
  20. The Nigerian Stock Exchange
  21. Nigerian Export - Import Bank NEXIM
  22. All Banking Institutions (including Banks, BDCs, etc) in Nigeria
  23. National Identity Management Commission
  24. National Pension Commission

Professional Bodies

  1. Chartered Institute of Bankers of Nigeria

International Organisations

  1. Proposed African Finance Cooperation (AFC)
  2. United Nations Economic Commission For Africa (UNECA)
  3. The Association of African Central Banks (AACB)
  4. The Economic Community of West African States (ECOWAS)
  5. African Development Bank (ADB) Group
  6. International Monetary Fund (I.M.F).
  7. Bank for International Settlement (B.I.S).
  8. Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO)
  9. The World Bank
  10. UNDP Nigeria
  11. Nigeria at the IMF
  12. West African Monetary Institute (WAMI)
  13. West African Monetary Agency (WAMA)
  14. West African Institute for Financial & Economic Management (WAIFEM)
  15. The New Economic Partnership for African Development (NEPAD)
  16. Group of Seven & Eight (G7/G8)
  17. Developing Eight Countries (D-8)
  18. Group of 77 (G-77)
  19. Group of (G-15)

Trade & Investment With the USA

  1. Africa Growth & Opportunity Act:
    (at the U.S. Trade Representative Office)
  2. Eximbank
  3. Overseas Private Investment Corporation
  4. Trade & Development Agency
  5. U.S. Commercial Service, U.S.A.
  6. U.S. Commercial Service, Nigeria