Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Developments In The External Sector During The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In The External Sector During The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
The external sector came under more severe pressure during the fourth quarter of 1990. This was attributed to developments in both foreign exchange receipts and outpayments. While foreign exchange receipts declined by 9.1 per cent, outpayments rose by 23.4 per cent from their levels in the third quarter. As a result of these developments, the overall movement in foreign exchange, which showed a slight surplus in the third quarter of 1990 vis-a-vis the fourth quarter of 1989, turned around to a deficit of $390.3 million in the fourth quarter of 1990. This is significant since it was the only quarter …
Nigeria's Insurance Industry In 1987, Central Bank Of Nigeria Cbn
Nigeria's Insurance Industry In 1987, Central Bank Of Nigeria Cbn
Economic and Financial Review
Important rughlights of the report include the fact that Insurance business was prosperous in 1987 as the income of insurers rose significantly faster than their expenditures. However, the prosperity affected the companies in the nonlife business more as the premium income of life insurance companies declined sharply in 1987 during which period their expenditure also increased. In terms of ownership, the prosperity accrued mainly to wholly indigenous non-life companies most, as these companies dominated the more lucrative aspects of insurance business in 1987. Another important point in the report is the fact that minimum paid-up capital stipulated in the Insurance …
The Evolution Of The Nigerian Financial System: Problems, Challenges And Prospects, Ben A. Oke
The Evolution Of The Nigerian Financial System: Problems, Challenges And Prospects, Ben A. Oke
Economic and Financial Review
The paper reviews the evolution of the Nigerian financial system and articulates some of its current problems and challenges for the future, especially in the light of the liberalised trade and exchange regime initiated under the Structural Adjustment Programme (SAP). The paper examines the evolution of the major institutions in the financial system in the context of the changing pattern of economic and regulatory environment in which they operate. It observes that the financial system has undergone substantial changes since 1960 in terms of number and variety of financial intermediaries, the depth and breadth of instruments, as well as the …
Developments In Nigeria's External Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn
Developments In Nigeria's External Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn
Economic and Financial Review
Transactions in foreign exchange through the Central Bank resulted in a net inflow of N495.7 million during the 4th quarter of 1987, as against a net inflow of Nl,184.5 million in the preceding quarter. This development increased the official reserves from N4, 159.0 million at the end of the 3rd quarter to N4,654. 7 million at the end of 1987. However the foreign exchange position was far from comfortable as the level of reserves could cover barely two months' imports.
Developments In Nigeria's External Sector During The Second Quarter Of 1987, Central Bank Of Nigeria Cbn
Developments In Nigeria's External Sector During The Second 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 inflow of N 189 .3 million during the second quarter of 1987, in contrast with a net outflow of N819.0 million in the preceding quarter. As a result, the level of official reserves moved up from N2,785 .2 million in March toN2,974.5_million at the end of June. The increase notwithstanding, the June-end level of reserves was N629. 7 million lower than the December 1986 level and was adequate to finance only 1.8 months of the foreign exchange obligations at the prevailing rate of disbursements.
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.