Steve Rich FX › World financial centres › Abuja

MIDDLE EAST & AFRICA · NIGERIA · FINANCIAL CENTRE

Abuja — world financial centre

Abuja is home to the Central Bank of Nigeria.

Central bank

Central Bank of Nigeria (CBN)

Sets the interest rate of the NGN.

How the CBN moves the NGN →

Frequently asked

Why is Abuja a financial centre?

Abuja is home to the Central Bank of Nigeria. Together they make the city a place where money is priced, traded and settled.

Which central bank is in Abuja?

Central Bank of Nigeria — it sets the interest rate of the NGN, which is why forex traders follow its decisions closely.

How can I learn to trade the Abuja session?

The ForeXistenZ Academy by Steve Rich teaches how the world’s trading sessions hand over to each other and how to trade them, inside the ForeXistenZ membership.

More financial centres in Middle East & Africa