Which financial institution is charged with the formulation of monetary polices in Nigeria?
Answer Details
The financial institution charged with the formulation of monetary policies in Nigeria is the Central Bank of Nigeria. The Central Bank of Nigeria is the apex bank in Nigeria, responsible for regulating and supervising the activities of financial institutions in the country. One of its major roles is to formulate and implement monetary policies aimed at achieving price stability, promoting economic growth, and maintaining a stable financial system in the country.