The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation.
It controls the volume of money supply in the economy in order to ensure monetary and price stability.
The privatization of the Mint by President Olusegun Obasanjo in February 2002 was controversial, and Managing Director Sambo Dasuki resigned in protest.
[7][8] In 2010, Chief Executive Mr. Emmanuel Ehidiamhen Okoyomon was described as "basking in the genteel applause that has characterized the turning around of the Mint.
"[10] Founded in 1963 as a partnership between the Federal government of Nigeria and De La Rue to print banknotes, stamps, postal orders and licences,[11] the first factory on Ahmadu Bello Way, Victoria Island was built by Lindsay Parkinson.