List of CBN Branches in Nigeria

Central banks serve as the financial guardians of their respective nation-states, entrusted with the crucial tasks of managing and influencing the nation’s money supply while also overseeing the functioning of the commercial banking system.

In the case of Nigeria, a pivotal moment in its economic history unfolded on July 1, 1959, when the Central Bank of Nigeria officially assumed its role as the nation’s apex financial institution, a milestone made possible through the enactment of the CBN Act of 1958. This pivotal institution has since played a pivotal role in steering Nigeria’s financial stability and economic growth.

The Central Bank of Nigeria (CBN) plays a pivotal role in the Nigerian economy. To facilitate easy access to its services and operations, CBN has established numerous branches across the country. Whether you’re a business owner, investor, or simply seeking to learn more about the CBN and its functions, knowing the locations of these branches is essential.

Services Offered by CBN Branches in Nigeria

Central Bank of Nigeria (CBN) branches offer a wide range of services to individuals and businesses, including but not limited to:

• Currency Management
• Monetary Policy Implementation
• Banking Supervision
• Financial Sector Regulation
• Currency Distribution
• Economic Research and Analysis

Importance of Knowing CBN Branch Locations

Understanding the locations of CBN branches is crucial for various reasons:

• Easy Access: Knowing the nearest branch can help you access CBN services conveniently.
• Business Transactions: For entrepreneurs and businesses, understanding branch locations is vital for financial transactions and currency management.
• Information: CBN branches are hubs for economic data and research. Visiting a branch can provide valuable insights into the Nigerian economy.
• Regulatory Compliance: Businesses that need to comply with CBN regulations can easily reach out to their nearest branch for guidance.

List of Central Bank of Nigeria Branches

As of November 2023, below is a list of all CBN branches in Nigeria:

CBN Abuja Address

• Zaria Street, Garki II, Nigeria – P.M.B. 0187, Garki, Abuja, Federal Capital Territory (FCT)

CBN Ebonyi State Branch

• No. 1 Nwene Street, Off Ezza Road, Abakiliki, Nigeria

CBN Ogun State Branch

• Ibrahim Babangida Boulevard, Abeokuta, Nigeria – P.M.B. 2217, Abeokuta

CBN Ekiti State Branch

• Secretariat Road, Ado-Ekiti, Nigeria – P.M.B. 5458

CBN Ondo State Branch

• Old Secretariat Road, Nigeria – P.M.B. 805, Akure, Ondo State.

CBN Delta State Branch

• Along Benin-Onitsha Expressway, Asaba, Delta State.

CBN Anambra State Branch

• 37, Azikiwe Avenue, Awka, Anambra State.

CBN Bauchi State Branch

• Off Ahmedu Bello Way, Nigeria – P.M.B. 0159, Bauchi, Bauchi State.

CBN Edo State Branch

• 1, Akpakpava Road, Nigeria – P.M.B. 1120, Benin City, Edo State.

CBN Kebbi State Branch

• Sultan Abubakar Road, Birnin Kebbi, Kebbi State.

CBN Cross River State Branch

• 8, Calabar Road, Nigeria – P.M.B. 1029, Calabar, Cross River.

CBN Yobe State Branch

• 2 GRA Road, behind Central Mosque, Damaturu, Yobe State.

CBN Jigawa State Branch

• Sanni Abacha Way, Dutse, Nigeria – PMB 7155, Dutse, Jigawa State.

CBN Enugu State Branch

• 3, Garden Avenue, Nigeria – P.M.B. 1039, Enugu, Enugu State.

CBN Benue State Branch

• Shitu Alao Road, Nigeria – P.M.B. 102368, Markurdi, Benue State.

CBN Gombe State Branch

• Off Shehu Abubakar Road Opposite Deputy Governors, Gombe State.

CBN Zamfara State Branch

• J.B. Yakubu St.Opposite Access Bank, Gusau, Zamfara State.

CBN Oyo State Branch

• Oba Adebimpe Road, Nigeria – P.M.B. 5281, Ibadan, Oyo State.

CBN Lagos State Branch

• Tinubu Sqare, Nigeria – P.M.B. 12194, Lagos, Lagos State.

CBN Kwara State Branch

• 1, Sulu Gambari Road, Nigeria – P.M.B. 1365, Ilorin, Kwara State.

CBN Taraba State Branch

• Barde Way, Opposite PHCN Office, Jalingo, Taraba State.

CBN Plateau State Branch

• 4, Noad Avenue, Nigeria – P.M.B. 2080, Jos, Plateau State

CBN Kaduna State Branch

• 1A Yakubu Gowon Way, Nigeria – P.M.B. 2126, Kaduna, Kaduna State.

CBN Kano State Branch

• 4A, Lagos Street, Nigeria – P.M.B. 3025, Kano, Kano State.

CBN Katsina State Branch

• WTC Road, Katsina, Nigeria – P.M.B. 2151, Katsina State.

CBN Nassarawa State Branch

• Shendam Road, Lafia, Nassarawa State.

CBN Kogi State Branch

• Government House Road, Opposite Government House Lokoja, Kogi State.

CBN Borno State Branch

• 3, Kirikasama Road, Nigeria – P.M.B. 1177, Maiduguri, Borno State.

CBN Niger State Branch

• Paiko Road, Minna, Nigeria., Nigeria – P.M.B. 15, Minna, Niger State.

CBN Osun State Branch

• Plot 4 Gbogon Road, Osun GRA, Osogbo, Osun State.

CBN Imo State Branch

• New Okigwe Road, Nigeria – P.M.B. 1520, Owerri, Imo State.

CBN Rivers State Branch

• 2 Bank Road, Nigeria – P.M.B. 5134 Port Harcourt, Rivers State.

CBN Sokoto State Branch

• Gusau Road, Nigeria – P.M.B. 2393, Sokoto, Sokoto State.

CBN Abia State Branch

• Commissioners Quarters, Umuahia, Abia State.

CBN Akwa Ibom State Branch

• Plot 13 & 14 Abak Road, Nigeria – P.M.B. 1218, Uyo, Akwa Ibom State.

CBN Bayelsa State Branch

• 21 Osiri Road, Ekeki Yenegoa, Bayelsa State.

CBN Adamawa State Branch

CBN Galadima Aminu Road, Nigeria – P.M.B. 2121, Yola, Adamawa State.

Functions of the Central Bank of Nigeria

The Central Bank of Nigeria (CBN) plays a pivotal role in the economic landscape of the country, ensuring that its financial systems run smoothly and the economy grows steadily. Let’s take a friendly and informative journey through the key functions and responsibilities of the CBN.

Managing Currency and Monetary Policies:

One of the most crucial roles of the CBN is managing the country’s currency and formulating monetary policies. This involves issuing banknotes and coins, setting interest rates, and issuing bonds. By skillfully adjusting interest rates, the CBN can stimulate economic growth and encourage consumer spending. Conversely, it can raise interest rates to combat inflation and curb excessive economic expansion.

Regulating Commercial Banks:

The CBN also regulates and supervises commercial banks in Nigeria. This includes establishing capital and reserve requirements for these banks, as well as providing deposit guarantees to safeguard customers’ funds. It’s the CBN’s job to grant licenses and approvals for financial institutions, ensuring they adhere to established standards.

Lender of Last Resort:

In times of financial crises, both the government and commercial banks turn to the CBN as the lender of last resort. This means that the CBN steps in to provide financial support when necessary, preventing banking and economic meltdowns.

Development Financing:

The CBN is not just about maintaining the status quo; it’s also actively involved in fostering sustainable economic growth. It does this by providing financing and support to sectors such as agriculture, rural development, and small and medium enterprises. This, in turn, stimulates economic growth within the country.

Management of Foreign Reserves:

The CBN takes charge of managing Nigeria’s foreign reserves, a critical responsibility for the nation’s financial stability. By carefully safeguarding these reserves and maintaining confidence in the country’s exchange rate policies, the CBN ensures Nigeria can meet its international obligations. This is vital for projecting confidence to the global community and preserving the value of the Naira.

Nationwide Presence:

The CBN’s presence is felt across the entire nation, with offices in all states, including the Federal Capital Territory, Abuja. This extensive network ensures that the CBN can effectively execute its responsibilities and reach every corner of the country.

In a nutshell, the Central Bank of Nigeria is the backbone of the country’s financial system, working tirelessly to keep the economy on track, regulate banks, support growth, and safeguard Nigeria’s financial future. It’s like the guardian of Nigeria’s financial well-being, ensuring that the Naira remains strong and the economy prospers.