About CBN

Departmental Directors

Benjamin Nnadi
Director, Reserve Management - Since 8/25/2021

Benjamin Nnadi was appointed Director, Reserve Management Department in August 2021. As the Director, He brought an extensive track record of over 25 years in investment management to oversee the external reserve portfolio with utmost diligence. He has adeptly managed global fixed-income securities and short-dated money market products, demonstrating resilience and adaptability across multiple economic cycles within a robust risk-controlled framework. Prior to assuming his current role, he had held key leadership positions in Portfolio Management, Quantitative Analysis, and Compliance Management Divisions of the Department, where he provided astute guidance and direction. In these capacities, he successfully superintended the seamless implementation of decisions made by the Board Investment Committee.

Mr. Nnadi has proven interest in transferring knowledge, ability to listen and influence others with or without formal authority. Over the years, he has mentored portfolio and risk managers, analysts, economic research and investment strategists, quantitative analysts as well as other professional members of various teams within the Department.

He joined the services of the Central Bank of Nigeria in November 1990 as a Senior Supervisor in Currency Operations Department. He served in Currency Planning and Statistics, Treasury, Currency Distribution and Mint Inspectorate Offices before his redeployment to the then Foreign Operations Department.

In Foreign Operations , he worked across various roles including Investment Operations, Inter-Bank Foreign Exchange Trading, Portfolio Analysis, Money Market and Fixed Income Portfolio Management.

When the Bank embarked on re-engineering and restructuring of its operations resulting in the emergence of Reserve Management among other Departments, Mr. Nnadi played prominent roles in the design, creation and redesign of the structure and processes of the Department as a subject matter expert.

Mr. Nnadi, rose from officer level to become Associate Chief Portfolio Manager, Head Quantitative Analysis and Compliance Management and Head Portfolio Management Division prior to his appointment as Director.

He has served the Bank in various committees including but not limited to the following: the Central Bank of Nigeria inter-agency committee on the harmonization of trade statistics in Nigeria, The Central of Nigeria/Nigerian Institute of Social and Economic Research (NISER) Study Group on the Informal Foreign Exchange Market in Nigeria, The Ministry of Finance Inter-Ministerial Committee on protecting Nigeria’s foreign exchange revenue from crude oil price volatility, Financial Stability Report Quality Assurance Review, Inter-Departmental Committee on the Review of Trade and Foreign Exchange Policy Manual.

Mr. Nnadi obtained an MSc in International Securities, Investment and Banking from the University of Reading, UK, an MBA in Banking and Finance from Imo State University, PGD in Management from the University of Calabar and HND in Accountancy from the Institute of Management and Technology, Enugu.

He is an alumnus of Harvard Kennedy School, Judge Business School, University of Cambridge and University of California, Berkeley. He is also an alumnus of New York Institute of Finance, Swiss Institute of Finance and Amsterdam Institute of Finance.

Mr Nnadi is a Member, Chartered Institute of Directors of Nigeria, Senior Associate Member, Chartered Risk Managers’ Association of Nigeria, Fellow, Chartered Institute of Finance and Control, Nigeria, Fellow, Institute of Management Consultants of Nigeria and Fellow, Enterprise Risk Managers of Nigeria.

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