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Departmental Directors

Dr. Mahmud Hassan
Director, Trade & Exchange - Since 11/24/2023

Dr Mahmud Hassan is the Director, Trade & Exchange Department; a position he assumed Novemeber 2023. Before this time, he was the Director, Monetary Policy Department. In that capacity, he coordinated the formulation, design and implementation of monetary policy, as well as the dissemination of the monetary policy outcomes. He also served as the Secretary of the Nigeria Monetary Policy Committee – the highest Monetary Policy Decision body in Nigeria.

Prior to that role, he was the Group Head, Macro-prudential Analysis in the Financial Policy and Regulation Department of the Central Bank of Nigeria, where he oversees the conduct of off-site macroprudential surveillance and industry Financial Soundness Indicator Stress Test.

Between 2010–2014, he was the Special Assistant to the Governor on Economic Policy and Research, where he played a key role in shaping the Bank’s economic and monetary policies decisions, particularly in the areas of foreign exchange and inflation rates management.

From 2010 to 2011, Dr. Mahmud was a Consultant/ Technical Expert in the Steering Committee for the Establishment of African Monetary Fund, African Union Commission, Addis Ababa, Ethiopia.

He currently serves as a Term Expert to the IMF and the AFRITAC 2 - /IMF Institute - IMF Washington DC, USA. In this capacity, he facilitates at IMF Regional training programmes at various IMF Capacity Training Institutes.

Dr. Mahmud holds a first degree in Economics from the Ahmadu Bello University, Zaria, Nigeria and a Masters and PhD degree in Economics from the University of Surrey, United Kingdom.


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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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