← GlossaryGlossary term
CBN (Central Bank of Nigeria)
The CBN is Nigeria's central bank and financial regulator, responsible for licensing banks and overseeing payments and monetary policy.
The Central Bank of Nigeria (CBN) is the country's central bank. It sets monetary policy, issues the naira, and regulates banks and payment service providers to keep the financial system safe and stable.
Financial institutions must be licensed by the CBN to offer banking services. Energywallet delivers payments and deposit services through CBN-licensed partners, which operate under the CBN's rules and supervision.
See also: NDIC.