History Facts
Facts | Events
LEGISLATION: Mr Loynes, an adviser to the Bank of England, favoured the idea of establishing a Central Bank of Nigeria. His views and recommendations formed the basis for the draft legislation that established the CBN. |
CBN Opens : July 1, 1959. Central Bank of Nigeria came into full operations in Lagos with an initial capital of 17 million pounds (�17m). It was primarily involved in banking and currency operations. |
<< Prev Next >> |