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CBN Departments
Financial System StabilityThere are five departments under this directorate:
- Banking Supervision Department
- Consumer Protection Department
- Financial Policy and Regulation Department
- Other Financial Institutions Supervision Department
- Payments System Management Department
Departments under this directorate are:-
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The Department has the following mandates
- Conduct of off-site surveillance and on-site examination of Deposit Money Banks, Specialized Institutions Credit Registry Bureaux, and related institutions.
- Development of standards for examinations and consolidated supervision
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The Department has the following mandate:
- Develop and implement an effective consumer protection framework that promotes consumer confidence in the financial system
- Financial Policy and Regulation
The department has the following mandates:
- Development and implementation of policies & regulations aimed at ensuring financial system stability
- Licensing & approvals for banks and other financial institutions
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Other Financial Institutions Supervision
The Department has the following mandate:
- Conduct of off-site surveillance and on-site examination of Microfinance Banks, Bureaux-de-Change, Development Finance Institutions, Primary Mortgage Institutions and Finance Companies
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Payments System Managment Department
See departments under other directorates:
Please Note that the CBN does not have any other 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.
