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Developments In Nigeria's External Sector During The First Quarter Of 1987, Central Bank Of Nigeria Cbn
Developments In Nigeria's External Sector During The First Quarter Of 1987, Central Bank Of Nigeria Cbn
Economic and Financial Review
Transactions in foreign exchange through the Central Bank of Nigeria resulted in a net outflow of N819.0 million in the first quarter of 1987, in contrast with a net inflow of Nl,580.8 million in the preceding quarter ang. a net outflow of N76.4 million during the corresponding quarter of 1986. The deterioration in the foreign exchange position during the quarter under review was attributable to the combined effects of a decline of 4.2 per cent in the level of inflow and a rise of 77 .6 per cent in the level of outflow.
Statistics (March 1987), Central Bank Of Nigeria Cbn
Statistics (March 1987), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in March, 1987
Developments In The Financial System During The Third Quarter Of 1986, Central Bank Of Nigeria Cbn
Developments In The Financial System During The Third Quarter Of 1986, Central Bank Of Nigeria Cbn
Economic and Financial Review
The narrow measure of money stock, (Ml), declined during the third quarter due, on the one hand, to increases in quasi money and 'other' assets of the banking system and on the other, partially offsetting increases in foreign assets and in credit to the domestic economy. The broader measure, (M2), maintained an upward trend. The money and capital market both recorded moderate increases in the level activities during the quarter.
Foreign Private Investment In Nigeria In 1984, Central Bank Of Nigeria Cbn
Foreign Private Investment In Nigeria In 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report presents the results of the Central Bank of Nigeria's annual survey of Foreign Private Investment in the country in 1984. The survey was conducted through questionnaires sent to companies I whose capital structure was wholly foreign 2 or joint Nigeria/Foreign. The report is presented under the following subheadings: flow of foreign private capital, components of net capital flow, cumulative and net investments by country/region of origin and economic sectors, cumulative/net short and long term investment, cumulative and net investment in the manufacturing and processing sector by type of industry, stock of fixed asset at cost and at book …
Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn
Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report contains an analysis of data extracted from the returns lodged with the Federal Ministry of Finance by insurance companies operating in Nigeria during 1983-1984. In 1983 and 1984 about 92.9 and 98.9 per cent of the existing companies had filed their returns at the time the survey was conducted. Estimates were made for non-response in order to provide a basis for consolidating for the entire insurance industry. The report is divided into five parts: namely, the structure and performance of the insurance industry, life insurance business, non-life insurance business, assets and investment pattern of insurance companies; summary and …
Developments In The World Commodity Markets During The Second Quarter Of 1986, Central Bank Of Nigeria Cbn
Developments In The World Commodity Markets During The Second Quarter Of 1986, Central Bank Of Nigeria Cbn
Economic and Financial Review
All the items, except rubber and ginger, recorded price declines ranging from 0.6 per cent for coffee to 34.1 per cent for palm kernel. The prices of rubber and ginger increased by 4.3 and I. 7 per cent, respectively. The major factor responsible for the deterioration was the effect of failure to reach positive agreement on most of the international commodity organisations, particularly in respect of cocoa. Other factors which helped to depress the market included the sharp decline in oil prices which reduced the purchasing power of affected countries, appreciable gains by the pound sterling over the US dollar …
The Impact Of River Basin Development Authorities On Nigerian Agriculture: A Case Study Of Niger River Basin Development Authority, E. D. Balogun, E. U. Ukeje
The Impact Of River Basin Development Authorities On Nigerian Agriculture: A Case Study Of Niger River Basin Development Authority, E. D. Balogun, E. U. Ukeje
Economic and Financial Review
The paper traced the history of water resource development in Nigeria, and assessed the impact of the Niger River Basin Development Authority (NRBDA) on crop production in the region. The analysis of available data showed that although the NRBDA's activities resulted in improvements in crop yields, and farm incomes of beneficiaries, the impact on regional output and area cultivated was marginal since it accrued to only very few farmers. Moreover, the cost of generating such increments was outrageously high when compared to the incremental costs incurred by alternative development institutions in respect of similar activities. The NRBDA was not without …
Problems Of Measuring Unemployment In Nigeria, H. A. Ajani, H. N. Okonta
Problems Of Measuring Unemployment In Nigeria, H. A. Ajani, H. N. Okonta
Economic and Financial Review
Much as unemployment is dreaded in all market economies, the problems associated with its measurement in Nigeria are sometimes not addressed, if ever appreciated. To facilitate international comparison, uniform measurement methods have considerably narrowed down the difference in the concept of unemployment. Nevertheless, unemployment index seems to disguise the extent of the problem in Nigeria. Unless the desire to work for a wage is explicitly expressed, it is difficult to identify the unemployed. In other words, if the job-seeker is regarded as someone actively seeking wage employment, the concept of unemployment becomes less relevant in the context of a developing …
Report On Retail Price Indices Of Selected Consumer Items In The Lagos Area - Second Quarter, 1986, Central Bank Of Nigeria Cbn
Report On Retail Price Indices Of Selected Consumer Items In The Lagos Area - Second Quarter, 1986, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report highlights the results obtained from the bi-monthly survey of selected consumer items, carried out in the Lagos area during the second quarter of 1986. Accordingly, Section 1 discusses the retail price indices of the selected -commodities, while Section II focusses on inter-market price variations. Section III summarises the report and suggests some measures to check excessive high prices.
Developments In The International Commodity Markets During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Developments In The International Commodity Markets During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
A low tempo of activities characterised the international Commodity markets during the fourth quarter of 1984. The marginal movements in the price levels of most commodities were however accentuated by currency exchange rate fluctuations. The all-commodities price index rose by 5.0 and 0.3 per cent over its respective levels in the preceding quarter and the corresponding quarter of 1983. The price increase was reflected in all but three of the selected commodities. The highest price increases occurred in coffee (26. 7%), cocoa (6 .3%) palm oil (6%) and cotton (5 .8%). Of the three commodities whose price fell , two, …
Developments In The Banking Sector During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Developments In The Banking Sector During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
The upward movement in the level of money supply narrowly defined (Ml) which occurred in third quarter of 1984 continued in the fourth. At the end of December, MI stood at NI 2,204.1 million, increasing by N664.0 million or 5.8 per cent over the level at the end of the preceding quarter. During the corresponding period of last year, MI increased by N256.S million or 2.3 per cent to stand at NI 1,282.4 million. On a monthly average basis, Ml was NI 1,652.9 million during the review quarter compared with an average of NI 0,9 I 6. 7 million recorded …
Developments In World Commodity Markets During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn
Developments In World Commodity Markets During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn
Economic and Financial Review
The International Commodity Markets weakened slightly during the fourth quarter of 1983, compared with the preceding quarter. The major fa ctors which influenced developments in the markets during the period included the reaction of specul ators to movements in the sterling exchange rate as well as forecasts of the state of supply of most of the commodities.
Nigeria And Opec: To Be Or Not To Be?, G. O. Nwankwo
Nigeria And Opec: To Be Or Not To Be?, G. O. Nwankwo
Economic and Financial Review
According to the Economist, 'Oil multiplied Nigeria's exports by a factor of 10 in the 1970s, and its imports by a factor of 11. This fuelled Nigeria's honourable ambitions to emerge as the greatest power in Africa. The country's rulers are bitterly disappointed by the way the oil glut has partially devalued this great natural resource. So are some exporters to it. '1 In the wake of this unhappy state of affairs, Nigeria has taken steps to redress the situation. Some people, however, argue that the most effective action Nigeria should take is to lower the price of her oil …
Oil In The Political Economy Of Nigeria, E. I. K. Sule
Oil In The Political Economy Of Nigeria, E. I. K. Sule
Economic and Financial Review
The oil industry is perhaps one of the most important and largest industries in the world. Through its wide areas of operation, nature of product demand and international network of operating companies, the industry affects every country in today's civilised world. As a result, a day hardly passes without oil being in the news. The industry has bestowed great financial power on oil producers some of which belong to the third world.
Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia
Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia
Economic and Financial Review
A review and appraisal of foreign investment policies and strategies in Nigeria is undertaken in three sections. Section one presents the historical evolution of the policies under three different types of political administration, namely, the colonial era, the civilian administration of the first republic ( 1960-1965). and the military regime which held the reigns of political power for thirteen years (1966-1979). Section two analyses data on private foreign investment in Nigeria. The third section rounds up the discussions with an appraisal of the existing approaches and the concluding observations.