Central Bank of Nigeria Act of 2007

E887185

Act of Parliament banking legislation financial regulation law

The Central Bank of Nigeria Act of 2007 is the primary legislation that defines the mandate, powers, governance structure, and operational framework of Nigeria’s central bank.

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All labels observed (3)

Label	Occurrences
Central Bank of Nigeria Act	1
Central Bank of Nigeria Act of 2007 canonical	1
Central Bank of Nigeria Act, 2007	1

How this entity was disambiguated

This entity first appeared as the object of triple T10777677 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Central Bank of Nigeria Act of 2007
Context triple: [Central Bank of Nigeria, legalFoundation, Central Bank of Nigeria Act of 2007]

A. Central Bank of Nigeria
The Central Bank of Nigeria is the country’s apex monetary authority responsible for issuing currency, regulating the banking sector, and formulating and implementing monetary policy in Nigeria.
B. New Central Bank Act
The New Central Bank Act is a Philippine law that modernized and restructured the country’s central banking system, enhancing the independence, powers, and regulatory framework of the Bangko Sentral ng Pilipinas.
C. Central Bank of Malaysia Act
The Central Bank of Malaysia Act is the primary legislation that establishes and regulates Malaysia’s central bank, defining its monetary policy mandate, powers, and responsibilities over the national currency and financial system.
D. State Bank of Pakistan Act, 1956
The State Bank of Pakistan Act, 1956 is the foundational law that establishes, defines the functions of, and regulates the operations and authority of Pakistan’s central bank.
E. Reserve Bank Act 1959
The Reserve Bank Act 1959 is an Australian federal law that created the Reserve Bank of Australia and defines its powers, functions, and responsibilities as the nation’s central bank.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Central Bank of Nigeria Act of 2007
Target entity description: The Central Bank of Nigeria Act of 2007 is the primary legislation that defines the mandate, powers, governance structure, and operational framework of Nigeria’s central bank.

A. Central Bank of Nigeria
The Central Bank of Nigeria is the country’s apex monetary authority responsible for issuing currency, regulating the banking sector, and formulating and implementing monetary policy in Nigeria.
B. New Central Bank Act
The New Central Bank Act is a Philippine law that modernized and restructured the country’s central banking system, enhancing the independence, powers, and regulatory framework of the Bangko Sentral ng Pilipinas.
C. Central Bank of Malaysia Act
The Central Bank of Malaysia Act is the primary legislation that establishes and regulates Malaysia’s central bank, defining its monetary policy mandate, powers, and responsibilities over the national currency and financial system.
D. State Bank of Pakistan Act, 1956
The State Bank of Pakistan Act, 1956 is the foundational law that establishes, defines the functions of, and regulates the operations and authority of Pakistan’s central bank.
E. Reserve Bank Act 1959
The Reserve Bank Act 1959 is an Australian federal law that created the Reserve Bank of Australia and defines its powers, functions, and responsibilities as the nation’s central bank.
F. None of above. chosen

Statements (48)

Predicate	Object
instanceOf	Act of Parliament ⓘ banking legislation ⓘ financial regulation law ⓘ
aimsTo	promote an efficient payments system in Nigeria ⓘ support economic policy of the Federal Government of Nigeria ⓘ
citation	CBN Act 2007 ⓘ
country	Nigeria ⓘ
defines	functions of the Central Bank of Nigeria ⓘ governance structure of the Central Bank of Nigeria ⓘ mandate of the Central Bank of Nigeria ⓘ operational framework of the Central Bank of Nigeria ⓘ powers of the Central Bank of Nigeria ⓘ
enactedBy	National Assembly of Nigeria ⓘ
establishes	Board of Directors of the Central Bank of Nigeria ⓘ linked to: Central Bank of Nigeria Monetary Policy Committee of the Central Bank of Nigeria ⓘ
governs	Central Bank of Nigeria ⓘ
grantsPower	act as lender of last resort to banks ⓘ formulate and implement monetary policy ⓘ issue banknotes and coins ⓘ manage Nigeria’s external reserves ⓘ regulate and supervise banks and other financial institutions within its mandate ⓘ
jurisdiction	Federal Republic of Nigeria ⓘ linked to: Nigeria
language	English ⓘ
legalStatus	primary legislation for the Central Bank of Nigeria ⓘ
objective	act as banker and financial adviser to the Federal Government of Nigeria ⓘ issue legal tender currency in Nigeria ⓘ maintain external reserves ⓘ promote a sound financial system in Nigeria ⓘ
primaryObjective	ensure monetary and price stability ⓘ
providesFor	capital structure of the Central Bank of Nigeria ⓘ currency management and redenomination procedures ⓘ financial reporting and auditing of the Central Bank of Nigeria ⓘ ownership structure of the Central Bank of Nigeria ⓘ relationship between the Central Bank of Nigeria and the Federal Government of Nigeria ⓘ
regulates	appointment of Deputy Governors of the Central Bank of Nigeria ⓘ appointment of the Governor of the Central Bank of Nigeria ⓘ removal of the Governor of the Central Bank of Nigeria ⓘ tenure of the Governor of the Central Bank of Nigeria ⓘ
regulatoryDomain	monetary and financial system of Nigeria ⓘ
relatedTo	Banks and Other Financial Institutions Act ⓘ
replaces	Central Bank of Nigeria Act of 1991 ⓘ
sector	financial sector ⓘ
shortTitle	Central Bank of Nigeria Act, 2007 ⓘ linked to: Central Bank of Nigeria Act of 2007
signedBy	President of Nigeria ⓘ
subjectOf	central banking ⓘ financial system regulation ⓘ monetary policy ⓘ
yearEnacted	2007 ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Central Bank of Nigeria → legalFoundation → Central Bank of Nigeria Act of 2007 ⓘ

Monetary Policy Committee (Nigeria) → legalBasis → Central Bank of Nigeria Act ⓘ

subject linked to: Monetary Policy Committee

linked to: Central Bank of Nigeria Act of 2007

Central Bank of Nigeria Act of 2007 → shortTitle → Central Bank of Nigeria Act, 2007 ⓘ