This page will tell or remind you about the past and happenings in the financial sector, so as a student, broker and more enjoy this little pieces of update. The first Indigenous Governor of the Central Bank of Nigeria was Alhaji Aliyu Mai Bornu from July 25, 1963 to July 31st, 1967. On July 1, 1959 the Central Bank of Nigeria came into full operations in Lagos with an initial capital of 17 million pounds (£17m). It was primarily involved in banking and currency operations. The Nigerian pound was first issued in 1959, and had fixed parity with the British Pound while it enjoyed full Sterling backing. It remained in circulation until January 1973 when decimalised currency, the Naira was introduced with four denominations (fifty kobo, one naira, five naira, and ten naira). " Payment cards are paper based instruments which were introduced in 1933" Black Thursday in The US financial Economy: Black Thursday was the first sign of the end of a great bull market. 12.9 million s...