The Central Bank of Nigeria (CBN) is the apex financial institution in Nigeria, established in 1958. Its primary role is to regulate the country's monetary and financial system, ensuring stability in the economy. The CBN manages the issuance of the national currency, the Nigerian Naira, and oversees commercial banks to promote a sound banking environment. In addition to monetary policy, the CBN is responsible for maintaining foreign exchange reserves and managing the country's payment systems. It also plays a crucial role in promoting financial inclusion and supporting economic growth through various initiatives and programs aimed at enhancing access to financial services for all Nigerians.