This study on the role of Central Bank in stabilizing a depressed economy was designed with the objectives of ascertaining if the Central Bank of Nigeria is achieving involved in the stabilization of Nigeria economy, to determine if Central bank of Nigeria has control measures over the management of money market and capital market to identify the role of central bank of Nigeria in the formation and implementation of the country and to recommend appropriate measures for improved quality contribution by the Central Bank of Nigeria for the country.
The Central bank is an important institution to a depressed economy like Nigeria, the financial trade and policies formulate and implemented by the Central bank are very important.
Infact if could be regarded as a pillar to the survival of the national economic development without which the economy will be in shamble.
In carrying out a research the research, secondary and primary data was collected and used accordingly. Related literature  were reviewed and questionnaires were prepared, distributed and analysed. The use of chi-square technique was used in analyzing the primary data. The findings of the research were reached. Following the findings, appropriate recommendation was stated in order for Central Bank to bring a stable economy should encourage good decisive policy and conclusion was reached hoping that this work will enable the role of Central Bank of Nigeria to be more appreciative.

TABLE OF CONTENT 
Title Page                                 II
Approval page                             III
Dedication                                 IV
Acknowledgement                         V
Abstract                                 VII
Table of content                             IX

CHAPTER ONE: INTRODUCTION
1.1    Introduction                         1
1.2    Statement of the problem                 2
1.3    Purpose of the study                     3
1.4    Research hypothesis                     3
1.5    Significance of the study                     5
1.6    Scope and limitation of the study             5
1.7    Definition of terms                     6

CHAPTER TWO:
REVIEW OF RELATED LITERATURE 
2.1    Introduction                         10
2.2    Definition                             12
2.3    Central Bank of Nigeria and its objectives         16
2.4    Functions of Central Bank of Nigeria             19
2.5    Monetary policy meaning and objectives         22
2.6    Instruments used by Central Bank of Nigeria in stabilizing Nigeria economy.       33
2.7    The roles of Central Bank of Nigeria in stabilizing Nigeria economy.            39
2.8    Problems faced by Central Bank of Nigeria in stabilizing Nigeria economy.       48

CHAPTER THREE:
RESEARCH DESIGN AND METHODOLOGY
3.1    Study area                             52
3.2    Sources of data                         53
3.3    Methods of investigation.                 55

CHAPTER FOUR:
DATA PRESENTATION AND ANALYSIS OF DATA 
4.1    Persecution and analysis of the questionnaire     58
4.2    Test of hypothesis                         69

CHAPTER FIVE:
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 
5.1    Findings                                78
5.2    Conclusion                             79
5.3    Recommendations                         80
BIBLIOGRAPHY                         83
APPENDIX                         85