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1986

Economics

Nigeria

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Developments In The Financial System During The Third Quarter Of 1986, Central Bank Of Nigeria Cbn Sep 1986

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 Sep 1986

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 Jun 1986

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 Jun 1986

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 Jun 1986

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 Jun 1986

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 Jun 1986

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.