CENTRAL BANK OF NIGERIA ACT

Section 4: Capital.

2007Section 4 of 61Federal Republic of Nigeria

(1) The authorised capital of the Bank shall be one hundred billion naira.
(2) All the capital of the Bank shall be subscribed and held only by the Federal Government.
(3) The authorized and paid-up capital may be increased by such amount as the Board may, from time to time, determine with the approval of the President, and shall be subscribed by the Federal Government and paid up at par.

Cite this section

Section 4, CENTRAL BANK OF NIGERIA ACT (2007).

https://repo.podus.ai/laws/central-bank-of-nigeria-act/section/4/