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Developments In Money, Credit And Banking In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In Money, Credit And Banking In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
The growth of the money stock maintained the high tempo observed since the third quarter. The acceleration was influenced by the sharp rise in foreign assets ( net) of the banking system and the increase in credit (net) to the domestic economy. Credit (net) to the government sector rose sharply while merchant banks' credit to the private sector was excessive. The expansion in the number and activities of commercial and merchant banks continued into the fourth quarter. The banks' assets and deposit liabilities increased substantially. The overall liquidity of the commercial banks increased while that of the merchant banks decreased …
Developments In The Financial Markets In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In The Financial Markets In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
Activity on the capital market w~ mixed and varied during the fourth quarter. The tempo of activity in the new issues market was very high in contrast'-to developments in the secondary market. The number of stockbroking firms increased from 76 in the third quarter to 80 in the fourth quarter of the year. Also, the unit trust scheme was launched during the quarter. Both the primary and secondary segments of the money market were quite active during the quarter. Total money market instruments outstanding increased substantially while the volume of rediscounts also increased appreciably.
Developments In The Agricultural Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In The Agricultural Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
Given these positive developments, overall output of staple crops, rose at the end of the quarter, by 10.2 per cent compared with 4.9 per cent in the corresponding period of the previous year. Livestock production increased by 0.6 per cent in contrast to a decline of 0.7 per cent in the fourth quarter of 1989. However, the performance of the agricultural sector was moderated slightly by a few reports of drought and pests outbreaks in Bomo, Kano, Katsina and Sokoto States, where some field crops such as millet, sorghum and cowpeas were destroyed, while erosion and flood threatened crop production …
Developments In Industrial Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In Industrial Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
The industrial sector recorded modest improvement in the fourth quarter of 1990. At 262.8 (1972=100), the index of industrial production showed increases of 7.8 and 4.2 per cent over the levels in the third quarter of 1990 and the fourth quarter of 1989, respectively. The improvement was attributed largely to illcreases of 7.2 and 3.6 per cent in mining and manufacturing output, respectively. Electricity consumption index, on the other hand, fel] below the level in the corresponding quarter of the previous year by 1.7 per cent.
Developments In The Retail Market Prices Of Selected Consumer Items In Lagos Areas During The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Developments In The Retail Market Prices Of Selected Consumer Items In Lagos Areas During The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
The retail price of some selected consumer items in the Lagos Area rose marginally during the fourth quarter of 1990. The report of the survey conducted by CBN revealed that the prices of 37 out of the 69 commodities sampled increased when compared to their levels in the preceding quarter. Overall, the index of consumer prices was 2238 (1975=100), representing an increase of 2. 7 per cent over the level in the preceding quarter and 6.8 per cent when compared to the corresponding quarter of 1989 (see Table 1). All components of the consumer basket surveyed exhibited increases in prices, …
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 …