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Full-Text Articles in Social and Behavioral Sciences

Movement Of Consumer Prices Between 1960 And 1968, Central Bank Of Nigeria Cbn Jun 1970

Movement Of Consumer Prices Between 1960 And 1968, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper examines the movement between 1960 and 1968, of consumer prices of goods and services purchased by the low income group and assess the impact of such movement on their cost of living. Further an attempt is made to explain the price movement in terms of other variables in the economic system.


Special Drawing Rights And Their Implications For Domestic And External Finance, Central Bank Of Nigeria Cbn Jun 1970

Special Drawing Rights And Their Implications For Domestic And External Finance, Central Bank Of Nigeria Cbn

Economic and Financial Review

The need to create the new international monetary asset called Special Drawing Rights (SDRs) arose largely from the widening gap between the volume of world trade and the means of financing it (that is, international monetary reserves). Special Drawing Rights are 'paper gold', transferable among the participating countries who are committed to accept them in exchange for convertible currencies.


Statistical Section (June 1970), Central Bank Of Nigeria Cbn Jun 1970

Statistical Section (June 1970), Central Bank Of Nigeria Cbn

Economic and Financial Review

The dataset include data for central bank and commercial banks statement of assets and liabilities, currency in circulation, external assets, international trade, money and capital markets, money supply, national savings, production, public debt and public finance.


Technical Appendix: Construction Of All Cities Consumer Price Index For The Lower Income Group In Nigeria, Central Bank Of Nigeria Cbn Jun 1970

Technical Appendix: Construction Of All Cities Consumer Price Index For The Lower Income Group In Nigeria, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper highlights the technical construction of all cities consumer price index for the lower income group in Nigeria. Two separate methods were employed in computing the composite consumer price index. Both methods yield approximately identical results.


The Maturity And Security Patterns Of Commercial Bank Loans And Advances: 1963-68, Central Bank Of Nigeria Cbn Jun 1969

The Maturity And Security Patterns Of Commercial Bank Loans And Advances: 1963-68, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper has examined the maturity and security patterns of commercial bank loans and advances during the 1963-68 period. It is, perhaps, not surprising to find that most commercial bank loans are short-term. It is, however, instructive to find that up to 90 per cent of commercial bank loans granted during the period matured or were expected to mature within one year. This pattern of behaviour is observed in a developing country in which commercial banks constitute the main mobilisers and suppliers of loanable funds.


Notes On Commercical Bank Deposit Liabilities: 1967-April 1969, Central Bank Of Nigeria Cbn Jun 1969

Notes On Commercical Bank Deposit Liabilities: 1967-April 1969, Central Bank Of Nigeria Cbn

Economic and Financial Review

The movements of commercial bank liabilities for deposits since January 1967 seem generally to have followed the pattern in past years. The large increases in deposits, especially time and savings, were mainly attributable to the current civil war and the consequent fall in economic activities. The movement of the various components of the banks' deposits are shown in the tables.


Statistical Section (June 1969), Central Bank Of Nigeria Cbn Jun 1969

Statistical Section (June 1969), Central Bank Of Nigeria Cbn

Economic and Financial Review

The dataset for the June 1969 issue of the Economic and Financial Review contents data for central banking, commercial banking, money supply, money and capital markets, public debt, national savings, external assets, international trade, production, fuel and power and public finance, covering data from 1962 to 1969.


An Address By The Governor Of The Central Bank Of Nigeria, Dr C.N. Isong To The Local Centre Of The Institute Of Bankers, C. N. Isong Dec 1968

An Address By The Governor Of The Central Bank Of Nigeria, Dr C.N. Isong To The Local Centre Of The Institute Of Bankers, C. N. Isong

Economic and Financial Review

An address by the Governor of the Central Bank of Nigeria, Dr C.N. Isong to the Local Centre of the Institute of Bankers, Lagos on 21 February, 1969. On the role of the banking community in the progress of the economy.


Private Foreign Investment In 1966, Central Bank Nigeria Cbn Dec 1968

Private Foreign Investment In 1966, Central Bank Nigeria Cbn

Economic and Financial Review

This paper presents the results of the latest annual survey of private foreign investment in Nigeria. As in previous years, the enquiry was confined to companies which were wholly or partly owned by foreign nationals. The survey covered 594 selected establishments, of which 54 per cent responded, on the basis of which estimates were made.


Statistical Section (December 1968), Central Bank Of Nigeria Cbn Dec 1968

Statistical Section (December 1968), Central Bank Of Nigeria Cbn

Economic and Financial Review

Publication of the statistics include analysis of commercial bank loans and advances, finance agricultural exports, money and capital marker, national savings, international trade, fuel and power and some new headings that are now included like transportation and communications, while some have been merged to other headings.


Consumer Credit In The Nigerian Economy 1964-66, Research Department Jun 1967

Consumer Credit In The Nigerian Economy 1964-66, Research Department

Economic and Financial Review

This article identifies consumer credits available in Nigeria 1944-1966. Two kinds of consumer credit are extended in Nigeria: one is instalment sales credit also referred to as 'hire-purchase'; the other is non-instalment credit which is normally granted through charge or service accounts.


Tax Reform: 1966-67, Research Department Jun 1967

Tax Reform: 1966-67, Research Department

Economic and Financial Review

This article examines tax reforms in Nigeria which was undertaken to restructure indirect and direct (individual and company). The article observed that the reform was undertaken because of the low current revenue which led to a shortfall in the calendar year budget equivalent of £178.8 million by 10.8 per cent. The drop in revenue was caused by a fall in demand for dutiable imports. Although current revenue fell, current expenditure rose by 13.0 per cent to £88.6 million, due mainly to a rise of about 67 per cent in public debt servicing and unplanned expenditures related to the political situation …


Statistics Section 1967, Statistics Office Jun 1967

Statistics Section 1967, Statistics Office

Economic and Financial Review

This section provides statistics for the Central Bank of Nigeria for the years 1960-67 under the following headings: central banking; currency; commercial banking; money and capital markets; public finance; national savings; international trade; production with reference to marketing board purchases of agricultural produce as well as production of principal agricultural commodities and estimated producer incomes and mineral production. The section ends with fuel and power with reference to electricity generation and consumption.


Ownership Of Commercial Bank Deposits In 1965, Central Bank Of Nigeria Cbn Dec 1966

Ownership Of Commercial Bank Deposits In 1965, Central Bank Of Nigeria Cbn

Economic and Financial Review

The importance of demand deposits relative to total deposits continued to decline a development which started in 1960. The proportion of these deposits fell from 50.3 per cent of total deposits at the end of 1964 to 46.8 per cent on 31st December, 1965. The substantial increase recorded in the deposits of non-financial businesses needs special comment. There has been a rapid increase in non-financial business holdings of time deposits since December,1963.


Statistical Section December 1966, Central Bank Of Nigeria Cbn Dec 1966

Statistical Section December 1966, Central Bank Of Nigeria Cbn

Economic and Financial Review

The statistics included in this publication for 1966 are the central bank statement of assets and liabilities, currency in circulation, commercial banking, money and capital markets, public finance, international trade, production, fuel and power among others


Private Foreign Investment In 1964, Central Bank Of Nigeria Cbn Jun 1966

Private Foreign Investment In 1964, Central Bank Of Nigeria Cbn

Economic and Financial Review

Capital inflow consisted of unremitted profits, increase in equity holdings and debentures, commercial credits and other short-term loans from overseas parent or affiliate companies. The decline in retained profits as a proportion of private capital investment, therefore, reflects the increase in the outpay-ments on account of dividends, interests and service charges. An estimate and analysis of total private foreign investment based on response from questionnaires submitted are presented in this paper.


Nigeria's External Trade In The First Quarter Of 1966, Central Bank Of Nigeria Cbn Jun 1966

Nigeria's External Trade In The First Quarter Of 1966, Central Bank Of Nigeria Cbn

Economic and Financial Review

The article highlights the achievements of Nigeria's external trade in the first quarter of 1966 which was a result of increase in exports and decline in imports.


Government Revenue And Expenditure In 1965, Central Bank Of Nigeria Cbn Jun 1966

Government Revenue And Expenditure In 1965, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper deals with the revenue and expenditure of the federal government in the calendar year 1965. The federal and regional set-up was, however, modified in May, 1966. It also includes statutory and non-statutory transfers to the regional governments and public debt servicing.


Speech Of Alhaji Aliyu Mai-Bornu, Governor Of The Central Bank, At The First Annual Dinner Of The Institute Of Bankers, Alhaji A. Mai-Bornu Jun 1966

Speech Of Alhaji Aliyu Mai-Bornu, Governor Of The Central Bank, At The First Annual Dinner Of The Institute Of Bankers, Alhaji A. Mai-Bornu

Economic and Financial Review

Speech by Alhaji A. Mai-Bornu, Chairman of the Bankers' Committee and Governor, Central Bank of Nigeria, in Response to the Toast of the Bankers' Committee at the First Annual Dinner of the Local Centre of the Institute of Bankers at the Ikoyi Hotel, Lagos- 25th February, 1966


Nigeria’S External Trade In The First Quarter Of 1966, Research Department Jun 1966

Nigeria’S External Trade In The First Quarter Of 1966, Research Department

Economic and Financial Review

This article is a report on Nigeria’s external trade in the first quarter of 1966 and notes that Nigeria's external trade recorded a marked improvement in the first quarter of 1966 over the positions attained in the comparable periods of the past six years. The article further notes that this improvement was maintained in each of the three months of the quarter. There was thus a trade surplus of £4.8 million during the quarter in contrast to deficits of £6.0 million and £8.9 million in the first quarters of 1964 and 1965, respectively as indicated in Table 1. Tables 2- …


Government Revenue And Expenditure In 1965, Research Department Jun 1966

Government Revenue And Expenditure In 1965, Research Department

Economic and Financial Review

This article examined government revenue and expenditure in Nigeria for the year 1965. It first identified the role of the budget in Nigeria which include enhancement of economic growth, particularly since the National Development Plan came into force in 1962. The article noted that the fiscal policy of the federal government in 1965 was geared to the attainment of the two objectives of raising more revenue, and of reducing pressures on the balance of payments. Towards this end, federal government aggregate revenue in 1965 amounted to £160.5 million, £22.7 million or 16.4 per cent higher than in 1964. However, federal …


Speech At The Bankers' Committee’S First Annual Dinner Of The Local Centre Of The Institute Of Bankers At The Ikoyi Hotel, Lagos-25th February, 1966, A. Mai-Bornu Jun 1966

Speech At The Bankers' Committee’S First Annual Dinner Of The Local Centre Of The Institute Of Bankers At The Ikoyi Hotel, Lagos-25th February, 1966, A. Mai-Bornu

Economic and Financial Review

This is a speech by Alhaji A. Mai-Bornu, Chairman of the Bankers' Committee and Governor, Central Bank of Nigeria, in response to the toast of the Bankers' Committee at the First Annual Dinner of the Local Centre of the Institute of Bankers at the Ikoyi Hotel, Lagos-25th February, 1966.


Statistical Section (June 1966), Central Bank Of Nigeria Cbn Jun 1966

Statistical Section (June 1966), Central Bank Of Nigeria Cbn

Economic and Financial Review

This section of the EFR reports the statistics of the Central Bank of Nigeria (CBN) from 1960 to the first half 1966. This includes the Bank’s statement of assets and liabilities as well as its rediscount operations. Other sections include: currency in circulation, money supply, commercial banking activities, money and capital markets, public finance, national savings, external assets and international trade. The remaining sections include: Production (agricultural produce, mineral production), fuel and power, electricity generation and consumption.


Alhaji Mai-Bornu Retires, Research Department Jun 1966

Alhaji Mai-Bornu Retires, Research Department

Economic and Financial Review

This short article describes the the farewell ceremony of the first indigenous Governor of the Central Bank of Nigeria Alhaji Mai-Bornu


Private Foreign Investment In 1964, Research Department Jun 1966

Private Foreign Investment In 1964, Research Department

Economic and Financial Review

This article examines private foreign investment in in Nigeria for the year 1964. The article stressed that the inclusion of commercial banks and insurance companies hitherto omitted, and new companies which came into operation in 1964, resulted in a higher number than the 481 covered in 1964. The response to this inquiry was 62 per cent of the 533 companies contacted. The data in previous reports have also been revised and presented in the following tables: private foreign investment in 1964; flow of foreign private capital by origin; net flow of foreign capital by country 1961-64; private foreign investment of …


Statistical Section (December 1965), Central Bank Of Nigeria Cbn Dec 1965

Statistical Section (December 1965), Central Bank Of Nigeria Cbn

Economic and Financial Review

The article contains statistical section which provides data for central banking, currency, commercial banking, money and capital market, public finance, other financial institutions, national savings, foreign exchange reserves, international trade, production and fuel and power for the year 1960 - 1965.