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Activity Series Of The Central Bank Of Nigeria's Development Finance Interventions, Xavier-Itam A. Okoh, George N. Ude
Activity Series Of The Central Bank Of Nigeria's Development Finance Interventions, Xavier-Itam A. Okoh, George N. Ude
Bullion
The Central Bank of Nigeria (CBN) aggresively pursues credit and interest rate policies to promote inclusive economic growth. Through this, it aims to expand availability, access, and affordability of financial capital for micro, small and medium enterprises (MSMEs) With a least 24 MSMEs financing programmes of its own, the Bank manages one of the largest suites of developmental programmes among central banks. This paper attempted to serialize and characterize these programmes, hence determine their activity status and discover patterns of implementation effort patronage, and responsiveness of target enterprises to available incentives. Applying Z-score and min-max methods of normalization and geometric …
Analysis Of The Impact Of Central Bank Of Nigeria's Agricultural Intervention Funds On The Economy, E. T. Adamgbe, M. C. Belonwu, E. R. Ochu, I. I. Okafor
Analysis Of The Impact Of Central Bank Of Nigeria's Agricultural Intervention Funds On The Economy, E. T. Adamgbe, M. C. Belonwu, E. R. Ochu, I. I. Okafor
Economic and Financial Review
This paper set out to investigate the impact of Central Bank of Nigeria's interventions on the agricultural sector within an economy-wide framework of general equilibrium modelling. The paper adopted a dynamic (recursive), two-sector general equilibrium model of the Nigerian economy with some modifications on the standard model developed by the Centre for Econometric and Applied Research (CEAR) and incorporated the contributions of the CBN's agricultural based interventions as increases in the stock of agricultural capital to have a more robust size of interventions into the agricultural sector. The SAM used for the CGE model analysis was derived from the updated …
Contemporary Issues In The Nigerian Monetary Policy Landscape: Current Challenges And Strategic Options, Shamsideen Okunola Abiodun, Jamiu Aina Babatunde, Kingsley Imandojemu
Contemporary Issues In The Nigerian Monetary Policy Landscape: Current Challenges And Strategic Options, Shamsideen Okunola Abiodun, Jamiu Aina Babatunde, Kingsley Imandojemu
Bullion
Contemporary central bonking in Nigeria is becoming laced with intricacies, and monetary actions impacting every segment of the society. Paradoxically, monetary policy landscape is characterized by complexities and frequent changes in the monetary environment amidst relatively constant monetary instruments. The economic recession witnessed by Nigeria from Q1 to Q4 of 2016 had reinforced the renaissance of primordial and 'nativist' models of unregulated banking arrangement cum investment options via Ponzi schemes and pyramid schemes, flexible exchange rote regime, selected import forex restrictions, calls for unconventional monetary policy with special reference to negative interest rote, central bonk communication and financial stability concern. …
Financing Nigeria's Growth After The Global Economic Crisis Within The Perspective Of Vision 20:2020 And The Transformation Agenda, Babatunde Lawal
Financing Nigeria's Growth After The Global Economic Crisis Within The Perspective Of Vision 20:2020 And The Transformation Agenda, Babatunde Lawal
Economic and Financial Review
The paper adopts content analysis method to investigate the underlying assumptions of the pillar of growth within the framework of Nigeria Vision 20:2020 (NV20:2020) and the transformation agenda. The aim is to show how realistic the underlying assumptions are and whether or not the available structure/measures of the financial system would be sufficient to finance the Vision. The conclusion is that the present Transformation Agenda and indeed the Medium-Term Implementation Plans adequately provide for the financing of NV20:2020 if the provisions of the documents are strictly adhered to.
Data Generation In The Nigerian Environment: The Cbn Experience., A. A. Sere-Ejembi
Data Generation In The Nigerian Environment: The Cbn Experience., A. A. Sere-Ejembi
Bullion
The paper examines data collection activities of the statistical services division in collaboration with its Lagos liaison office as well as the zonal research units. The paper analyzes the survey methods applied by them. The task of easing data collection should be regarded as a continuous process. This is relevant even to the most developed economies with sophisticated technology for data collection and processing. Finally, with an improvement in the literacy level and overall appreciation of the role of reliable statistics in the country, it is believed that the public would embrace data generation and availability of relevant statistics will …
Open Market Operations Of The Central Bank Of Nigeria: Theory, Development And Growth, Ojo M. O.
Open Market Operations Of The Central Bank Of Nigeria: Theory, Development And Growth, Ojo M. O.
CBN Occasional Papers
The aim of the paper is to assess the efficacy of the open market operations of the Central Bank of Nigeria (CBN), as an instrument of monetary management. Against the adopted framework of the instrument, it analyses the movements in open market transactions and changes in the portfolio of treasury bill holdings of the CBN and other financial institutions. The initial application of the instrument was quite successful, resulting in the sale of large volumes of the securities and consequent decline in the portfolio of CBN’s holdings of government securities. These trends were reversed in the latter part of the …
The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi
The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi
Economic and Financial Review
Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.
Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1994 Fiscal Year: Monetary Policy Circular No. 28., Central Bank Of Nigeria Central Bank Of Nigeria
Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1994 Fiscal Year: Monetary Policy Circular No. 28., Central Bank Of Nigeria Central Bank Of Nigeria
Bullion
This paper contains the outlines of the monetary, credit, foreign trade and exchange policy guidelines for banks and other financial institutions in Nigeria during fiscal 1994. The circular is structured into three sections and Appendix. Section one reviews developments in the economy and the policy environment in 1993 and thus provides the background to the policy measures for 1994. Section two details the monetary and credit policy measures and guidelines for banks and other financial institutions. The foreign trade and exchange policy measures for 1994 are highlighted in section three and list of prohibited import and export items is provided …
Opening Address On The Central Bank Decree 1991 And Banks And Other Financial Institutions Decree, 1991, A. Ahmed
Bullion
Opening address by the Central Bank Governor, Alhaji A. Ahmed at the Workshop on the Central Bank Decree 1991 and Banks and Other Financial Institutions Decree, 1991
A Discourse On Regulation On Regulation And Supervision Of Other Financial Institutions, Obasohan O. G.
A Discourse On Regulation On Regulation And Supervision Of Other Financial Institutions, Obasohan O. G.
Bullion
A discourse on regulation and supervision of other financial institutions was an in-depth review of policy framework promulgated on the new Decree No. 2 1991, that empowered additional power to CBN to monitor other banks to ensuring monetary are manage head-on.
An Overview Of The Central Bank Of Nigeria Decree No. 24 1991, Ojo O. M.
An Overview Of The Central Bank Of Nigeria Decree No. 24 1991, Ojo O. M.
Bullion
This paper evaluates the effects of Decree No. 24 with relation to the core functional values of the bank to the economy.
Adjustment Issues In Nigeria: Problems And Prospects, J. K. A. Olekah
Adjustment Issues In Nigeria: Problems And Prospects, J. K. A. Olekah
Bullion
This paper examines adjustment issues in Nigeria, with emphasis on identifying outstanding and emerging problems after SAP, ln achieving the above objective, the paper is divided into three ports as follows: Part I, discusses the main economic problems three years of Pre-SAP as well as analysing trends in major economic indicators and the factors underlying the trend, The main element and policy strategies of SAP are also examined in this part. Part ll analyses, three years of post-SAP with the view to highlighting outstanding and anticipated problems while Port lll is the prospects and concluding summary.
Government Industrial Policies In Respect Of Small And Medium Enterprises In Nigeria, K. M. Obitayo
Government Industrial Policies In Respect Of Small And Medium Enterprises In Nigeria, K. M. Obitayo
Bullion
The paper examines various government policies and their effects on the survival and growth of SMEs. It examines the concept of small or medium scale enterprise, what factors militate against their survival, growth and proliferation for which government policies have been formulated to address. The paper is structured broadly into four sections The first section gives an overview of the definition of SMEs, their characteristics and roles as well as recognised problems. Section ll discusses government policies for promoting SMEs. It reviews the monetary and fiscal policy measures adopted in respect of SMEs in Nigeria. Section lll appraises the impacts …
The Role Of Central Bank Of Nigeria In The Relation To The Banking And Insurance Industries, Victor A. Odozi
The Role Of Central Bank Of Nigeria In The Relation To The Banking And Insurance Industries, Victor A. Odozi
Bullion
The financial services industry is on the threshold of a revolution. The advent of the Structural Adjustment Programme (SAP) in Mid-1986, with its underlying philosophy of liberalisation and deregulation, has brought about a proliferation of banks and non-bank financial institutions. Competition has intensified, there has been increased innovation and sophistication in product design and delivery. While the new changes have enhanced the opportunities for business and profits, they have also engendered challenges and problems calling for policy action. A number of banks arc suffering various degrees of distress manifested in liquidity problems and insolvency. The paper is in four parts: …
The Role Of The Banking System In The Management Of The Economy, Philips Toyin
The Role Of The Banking System In The Management Of The Economy, Philips Toyin
Bullion
The objective of this paper is to examine and highlight the role of the banking system in the management of the economy, bearing in mind the lead role which financial capital plays in the development process. The paper is thus divided into three parts. Part I describes the evolution and growth of the banking system within the overall financial system. Part ll focuses on the role of the banking system in economic management while Part lll provides the summary and conclusion.
C.B.N. Monetary And Credit Policy: Concept, Administration And Guidelines For 1991, Onyido C. B,
C.B.N. Monetary And Credit Policy: Concept, Administration And Guidelines For 1991, Onyido C. B,
Bullion
This paper carries out a discussion of the application of the monetary and credit poli.cy measures that are in force in the light of prevailing economic circumstances. The paper is divided into Five Parts. While Part One examines the concept, objectives and instruments of monetary policy, Part Two deals with monetary and credit policy administration in Nigeria. In Part Three, the policy stance under SAP is discussed and in Part Four, the monetary and credit policy measures for 1991 are reviewed. The final Part, Five, is the summary
Foreign Exchange Policy And Management, Olukole A. R.
Foreign Exchange Policy And Management, Olukole A. R.
Bullion
The interdependence of countries in terms of trade has grown so much that, perhaps, "no country can lay absolute claim on self-sufficiency in its resource requirements or lay absolute claim on a perfectly balanced supply of resource" . By extension, since resources are limited and scarce, the need for policy formulation and management of the resources be comes inevitable. Accordingly, Part 1 of this paper highlights the foreign currency management tools. Part II discusses the policies in external economies. Part Ill deals in details with the foreign currency policy in Nigeria while Part IV gives the conclusion.
Foreign Exchange Flows Through The Central Bank During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Foreign Exchange Flows Through The Central Bank During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
Movements in foreign exchange during the fourth quarter of 1984 showed that total inflow was higher than total disbursement, resulting in a net inflow of N219.8 million as against the net outflow of NI 14.0 million recorded during the preceding quarter
Foreign Exchange Flows Through The Central Bank During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn
Foreign Exchange Flows Through The Central Bank During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a report of the flow of foreign exchange in and out during the third quarter of 1984. Foreign exchange transactions during the third quarter of 1984 resulted in a net outflow of N114 .0 million in contrast to the net inflows of N289.4 million and N11.9 million recorded during the preceding quarter and the corresponding period of 1983, respectively.
Review Of Business Activities During The First Half Of 1983, Central Bank Of Nigeria Cbn
Review Of Business Activities During The First Half Of 1983, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report contains an analysis of data compiled from the returns to the Central Bank of Nigeria survey of business activities covering the first half of 1983. The survey was confined to Lagos metropolis.
Foreign Exchange Flows Through The Central Bank During The First And The Second Quarters Of 1983., Central Bank Of Nigeria Cbn
Foreign Exchange Flows Through The Central Bank During The First And The Second Quarters Of 1983., Central Bank Of Nigeria Cbn
Economic and Financial Review
The report covers transactions in foreign exchange through the Central Bank of Nigeria during the first and the second quarters of 1983, which resulted in net outflows of N150.0 million and N 103.0 million, respectively. The movements in foreign exchange led to a further reduction in the level of official holdings of external reserves during the first two quarters of 1983.
Address By Mallam Adamu Ciroma, Governor, Central Bank Of Nigeria, On The Occasion Of The Annual Dinner Of The Nigerian Institute Of Bankers On Thursday, 24th June, 1976., Adamu Ciroma
Economic and Financial Review
This is an address by the Governor of the Central Bank of Nigeria at the annual dinner of the Nigerian Institute of Bankers in June 1976
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.
Alhaji Mai-Bornu Retires, Research Department
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