What are the traditional functions of the Central bank of Nigeria?

Answer 1

The function of central bank. Basically,the function of any central bank is about the same. Central bank act as a regulatory body in respect of following. # To issue currency and keep reserves safeguarding the value of the currency # To act as a banker and financial adviser to the Government; # To promote monetary stability and a sound financial structure; # To promote the reliable, efficient and smooth operation of national payment and settlement systems and to ensure that the national payment and settlement systems policy is directed to the advantage of Malaysia; and # To influence the credit situation to the advantage of the country.

Answer 2

In Pursuing economic growth and development of a nation, the Central Bank performs certain peculiar non-rudimentary functions including but not limited to:

• Financing the key sectors of the economy such as the agricultural sector, industries, the small and medium scale enterprises, rural development, and promotion of a cashless financial system.
• Providing training facilities to meet the personnel requirements of the commercial banks and other financial institutions.
• Financing government investment in the public sector.
• Creating and maintaining a conducive banking and investment environment through proper management of the the financial system with a robust and investment friendly regulatory framework

Answer 3

1)it is banker to banks

2)lender to the banks

Answer 4

they functions to restate money Landry in Nigeria