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 financial environment. In addition to monetary policy, the CBN is responsible for managing foreign exchange reserves and maintaining the stability of the financial system. It also plays a crucial role in promoting economic growth by providing financial services and support to various sectors, including agriculture and small businesses.