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Central Bank of Nigeria (CBN) Act, 2007 © (Audio)

  • Copyright Notice
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  • audio/CBN ACT Audio Copyright warning.mp3
  • Arrangement of Sections
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  • audio/Arrangement of Sections.mp3
  • Section 1 Establishment of the Central Bank of Nigeria
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  • audio/Section_1_Establishment of the Central Bank of Nigeria.mp3
  • Section 2 Objects of the Bank
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  • audio/Section_2_Objects of the Bank.mp3
  • Section 3 Head Office and Branches
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  • audio/Section_3_Head Office and Branches.mp3
  • Section 4 Capital
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  • audio/Section_4_Capital.mp3
  • Section 5 Operating Surplus and General Reserve Fund
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  • audio/Section_5_OperatingSurplusandGeneralReserveFund.mp3
  • Section 6 Establishment of the Board
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  • audio/Section_6_Establishment of the Board.mp3
  • Section 7 Management of the Bank
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  • audio/Section_7_Management of the Bank.mp3
  • Section 8 Appointment, Qualification and Remuneration of Governor and Deputy Governors
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  • audio/Section_8_Appointment, Qualification and Remuneration of Governor and Deputy Governors.mp3
  • Section 9 Governor and Deputy Governors to be fully devoted to the service of the Bank
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  • audio/Section_9_Governor and Deputy Governors to be fully devoted to the service of the Bank.mp3
  • Section 10 Appointment of other Directors
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  • audio/Section_10_Appointment of other Directors.mp3
  • Section 11 Disqualification and Cessation of Appointment
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  • audio/Section_11_Disqualification and Cessation of Appointment.mp3
  • Section 12 Establishment of Monetary Policy Committee
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  • audio/Section_12_Establishment of Monetary Policy Committee.mp3
  • Section 13 Meetings of the Board
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  • audio/Section_13_Meetings of the Board.mp3
  • Section 14 Appointment of Secretary to the Board and other Employees
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  • audio/Section_14_Appointment of Secretary to the Board and other Employees.mp3
  • Section 15 Currency in Nigeria
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  • audio/Section_15_Currency in Nigeria.mp3
  • Section 16 Determination of Exchange Rate of the Naira
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  • https://www.cbn.gov.ng/OUT/PUBLICATIONS/BSD/2007/CBNACT.PDF
  • audio/Section_16_Determination of Exchange Rate of the Naira.mp3
  • Section 17 Sole right of Issuing Notes and Coins
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  • audio/Section_17_Sole right of Issuing Notes and Coins.mp3
  • Section 18 Power to Print Notes and Mint Coins
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  • audio/Section_18_Power to Print Notes and Mint Coins.mp3
  • Section 19 Denomination and Form of Currency Notes and Coins
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  • audio/Section_19_Denomination and Form of Currency Notes and Coins.mp3
  • Section 20 Banks Currency Notes and Coins to be Legal Tender
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  • audio/Section_20_Banks Currency Notes and Coins to be Legal Tender.mp3
  • Section 21 Tampering with or Trading in Notes and Coins
  • Central Bank of Nigeria
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  • audio/Section_21_Tampering with or Trading in Notes and Coins.mp3
  • Section 22 Lost and Damaged Notes and Coins
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  • audio/Section_22_Lost and Damaged Notes and Coins.mp3
  • Section 23 Exemption from Stamp Duty
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  • audio/Section_23_Exemption from Stamp Duty.mp3
  • Section 24 Composition of External Reserves
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  • audio/Section_24_Composition of External Reserves.mp3
  • Section 25 Maintenance of External Reserves
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  • audio/Section_25_Maintenance of External Reserves.mp3
  • Section 26 Power to Buy and Sell Nigerian Currency
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  • audio/Section_26_Power to Buy and Sell Nigerian Currency.mp3
  • Section 27 Banking Operations
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  • audio/Section_27_Banking Operations.mp3
  • Section 28 Treasury Operations
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  • audio/Section_28_Treasury Operations.mp3
  • Section 29 Credit Operations
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  • audio/Section_29_Credit Operations.mp3
  • Section 30 Liquidity Management
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  • audio/Section_30_Liquidity Management.mp3
  • Section 31 Developmental Function
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  • audio/Section_31_Developmental Function.mp3
  • Section 32 Incidental Powers
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  • audio/Section_32_Incidental Powers.mp3
  • Section 33 Power to require or share Information
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  • audio/Section_33_Power to require or share Information.mp3
  • Section 34 Prohibited Activities
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  • audio/Section_34_Prohibited Activities.mp3
  • Section 35 Publication of Monetray Policy Rate
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  • audio/Section_35_Publication of Monetray Policy Rate.mp3
  • Section 36 Services to the Federal Government
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  • audio/Section_36_Services to the Federal Government.mp3
  • Section 37 Federal Government usage of other Banks and State Treasuries
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  • audio/Section_37_Federal Government usage of other Banks and State Treasuries.mp3
  • Section 38 Advances to Federal Government
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  • audio/Section_38_Advances to Federal Government.mp3
  • Section 39 Power to Act as Banker to State Governments, etc.
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  • audio/Section_39_Power to Act as Banker to State Governments.mp3
  • Section 40 Power to Act as Agent for Federal, State or Local Governments
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  • audio/Section_40_Power to Act as Agent for Federal, State or Local Governments.mp3
  • Section 41 Banker to other banks
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  • audio/Section_41_Banker to other banks.mp3
  • Section 42 Co-operation with banks in Nigeria
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  • audio/Section_42_Co-operation with banks in Nigeria.mp3
  • Section 43 Establishment of Financial Services Regulation Co-ordinating Committee
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  • audio/Section_43_Establishment of Financial Services Regulation Co-ordinating Committee.mp3
  • Section 44 Objectives of the Committee
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  • audio/Section_44_Objectives of the Committee.mp3
  • Section 45 Reserves Requirements
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  • audio/Section_45_Reserves Requirements.mp3
  • Section 46 Appointment of other bank as Agent
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  • audio/Section_46_Appointment of other bank as Agent.mp3
  • Section 47 Payment and Settlement Systems
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  • audio/Section_47_Payment and Settlement Systems.mp3
  • Section 48 Financial Year
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  • audio/Section_48_Financial Year.mp3
  • Section 49 Audit
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  • audio/Section_49_Audit.mp3
  • Section 50 Publication of Annual Accounts and Reports
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  • audio/Section_50_Publication of Annual Accounts and Reports.mp3
  • Section 51 Power to Make Regulations
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  • audio/Section_51_Powers to Make Regulations.mp3
  • Section 52 Protection against Adverse Claims
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  • audio/Section_52_Protection against Adverse Claims.mp3
  • Section 53 Exemption of the Bank from the Payment of Tax
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  • audio/Section_53_ExemptionoftheBankfromthePaymentofTax.mp3
  • Section 54 a. Proceedings of the Board and the Monetary Policy Committtee
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  • audio/Section_54_Proceedings of the Board and the Monetary Policy Committtee.mp3
  • Section 54 b. FIRST SCHEDULE
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  • audio/Section_54_FIRST SCHEDULE.mp3
  • Section 54 c. SECOND SCHEDULE
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  • audio/Section_54_SECOND SCHEDULE.mp3
  • Section 55 Exclusion of the application of the Companies and Allied Matters Act, 1990
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  • audio/Section_55_Exclusion of the application of the Companies and Allied Matters Act, 1990.mp3
  • Section 56 Liquidation
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  • audio/Section_56_Liquidation.mp3
  • Section 57 Power to License and Regulate Credit Bureau
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  • audio/Section_57_Power to License and Regulate Credit Bureau.mp3
  • Section 58 Saving Cap.192 LFN 1990
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  • audio/Section_58_Savings Cap.192 LFN 1990.mp3
  • Section 59 Repeal
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  • audio/Section_59_Repeal.mp3
  • Section 60 Interpretation
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  • audio/Section_60_Interpretation.mp3
  • Section 61 Citation
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  • audio/Section_61-Citation.mp3
  • CBN Act 2007 Full Audio Version
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  • audio/AllCombined.mp3
Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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