The Central Bank of Nigeria is the country’s number one monetary authority body, responsible for maintaining the country’s external reserves, promoting monetary stability and a sound financial environment, and acting as a banker of last resort and financial adviser to the federal government.
As a result of this responsibility, recruitment into the CBN has been one of the most coveted places to work, especially for graduates in the Country. So, if you are interested in joining the CBN workforce, please pay attention to this article so that you don’t miss any important information.
Objectives of CBN
The Central Bank of Nigeria (CBN) follows its duties as laid out in the 1958 Act of Parliament, with changes made in 1991, 1993, 1997, 1998, 1999, and 2007.
According to the CBN Act of 2007, the bank has essential tasks:
- Keeping prices and money stable.
- Making sure there’s enough money in Nigeria that’s accepted as legal.
- Holding reserves of money from other countries to keep the value of Nigerian money strong internationally.
- Making sure Nigeria’s financial system works well.
- Giving advice to the Federal Government about money and the economy.
The bank also handles the Banks and Other Financial Institutions Act (BOFIA), 2020, which helps maintain good banking practices and a strong financial system.
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Besides its main tasks, the CBN also helps develop different parts of Nigeria’s economy, like finance, farming, and industry. It does this through its different departments.
Organogram of CBN
Past Governors of The Central Bank of Nigeria (CBN)
| S/N | Name | Served From | Served Until |
|---|---|---|---|
| 1 | (Late) Roy Pentelow Fenton | 7/24/1958 | 7/24/1963 |
| 2 | (Late) Alhaji Aliyu Mai-Bornu | 7/25/1963 | 6/22/1967 |
| 3 | (Late) Dr. Clement Nyong Isong | 8/15/1967 | 9/22/1975 |
| 4 | (Late) Mallam Adamu Ciroma | 9/24/1975 | 6/28/1977 |
| 5 | (Late) Mr. O. O. Vincent | 6/28/1977 | 6/28/1982 |
| 6 | (Late) Alhaji Abdulkadir Ahmed | 6/28/1982 | 9/30/1993 |
| 7 | Dr. Paul A. Ogwuma, OFR | 10/1/1993 | 5/29/1999 |
| 8 | Chief (Dr.) J. O. Sanusi, CON | 5/29/1999 | 5/29/2004 |
| 9 | Prof. Chukwuma C. Soludo, CFR | 5/29/2004 | 5/29/2009 |
| 10 | Mallam Sanusi Lamido Sanusi (CON) | 6/3/2009 | 6/2/2014 |
| 11 | Mr. Godwin Emefiele (CFR) | 6/3/2014 | 9/25/2023 |
Is the CBN Recruitment Form for 2024 Out?
No, the CBN recruitment form for 2024 is not out. For now, the CBN is not accepting new employees into its agency. So therefore, candidates are advised to keep visiting the official page and verified media outlets in the country for latest news on the next recruitment exercise.
Requirements For CBN Recruitment
To successfully apply for the next CBN recruitment exercise, candidates are expected to possess the following:
- Applicant must be a Nigerian Citizen.
- Applicants must have a degree from a credible and accredited tertiary institution in the Country.
- Applicants must have the NYSC discharge or exemption certificate.
- Applicants must be within the required age of entry.
How To Apply For CBN Recruitment
Applicants interested in working in the Central Bank of Nigeria are to follow the steps outlined below to apply:
- Go to the Central Bank Of Nigeria career page at www.cbn.gov.ng/recruitment.asp
- Make sure you go through the instructions given on the page
- Select the position you wish to apply for
- Create an account on the portal
- Fill out the application form thoroughly before submitting your application