Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

Economics

PDF

Bullion

Journal

1994

Articles 1 - 10 of 10

Full-Text Articles in Social and Behavioral Sciences

Allocation And Management Of Foreign Exchange: The Nigerian Experience., O. K. Anifowose Dec 1994

Allocation And Management Of Foreign Exchange: The Nigerian Experience., O. K. Anifowose

Bullion

This paper intends to discuss and review the various strategies adopted in the management of Nigeria's foreign exchange resources. Part I of the paper reviews the systems adopted before SAP (Structural Adjustment Programme) period as well as those practised from SAP to end of 1993. Part ll considers in broad terms the 1994 foreign exchange resource management policies. While Part lll describes the foreign exchange allocative mechanism adopted in 1994. Finally, part lV provides the summary and conclusion of the paper.

Go to article

The Role Of The Central Bank In The Nigerian Economy., Paul A. Ogwuma Dec 1994

The Role Of The Central Bank In The Nigerian Economy., Paul A. Ogwuma

Bullion

This paper focus on the role of the Central Bank of Nigeria and its contributions in the face of the prevailing unstable macro-economic environment. The paper further provide a brief background on the general objectives of a central bank, especially from the international perspective. The paper projects that year 2000 will see the Central Bank of Nigeria becoming smaller both structurally and functionally. Shedding of some of its developmental activities which can effectively be taken over by other agencies with focus on its stabilization functions which can sustain price stability and restore full confidence to the financial sector. It further …

Go to article

Sources And Management Of External Reserves In Nigeria., Newman C. Oputa Dec 1994

Sources And Management Of External Reserves In Nigeria., Newman C. Oputa

Bullion

Reserves are all those foreign assets of a country held by the monetary authorities which can be mobilized at period of external imbalances with else and certainty. External reserves are held in the form of "earning assets" notably government's foreign security or in the form of "non earning" liquid assets like gold bars in the vault of Central Banks. ln Nigeria the composition of the extremal reserve consists of gold, IMF reserve tranche, Special Drawing Rights (SDRS) and convertible currencies, The major sources of extremal reserves are derivable from the components of foreign exchange inflows which include: receipt from petroleum, …

Go to article

Towards A Viable Rural Financial Market In Nigeria., O. O. Akanji Dec 1994

Towards A Viable Rural Financial Market In Nigeria., O. O. Akanji

Bullion

This paper analyse the weakness of existing rural financial markets, survey the existing formal and informal financial markets in rural areas, their financing mechanisms, strengths and weaknesses, and propose an agenda from a viable rural financial market in Nigeria. It is divided into four parts. Part 1 presents a critique of the operation of formal financial institutions in rural markets. Part 2 identifies the existing informal financial markets, noting their structure and financing mechanisms and the overall influence on the rural people. Part 3 analyses the challenges and prospects of rural financial markets, while Part 4 presents the conclusion and …

Go to article

Issues On Macro-Economic Management In Nigeria., Gianni Zanini Dec 1994

Issues On Macro-Economic Management In Nigeria., Gianni Zanini

Bullion

This paper examines the main source of inflationary pressures, and established the source of destabilization of the exchange and interest rates as the Budget deficit which has been increasing at an unsustainable pace since 1990. It also ascertain that stabilizing the economy will require a significant and sustained budget surplus with no additional domestic bank borrowing. It states that economy stabilization will also require a liberalization of foreign exchange and credit markets.

Go to article

Governor's Speech At The Official Naming Ceremony Of "Samuel Asabia House"., Paul Ogwuma Mar 1994

Governor's Speech At The Official Naming Ceremony Of "Samuel Asabia House"., Paul Ogwuma

Bullion

The paper contains the speech of the Governor of Central Bank of Nigeria at the official naming ceremony of the First Bank of Nigeria Head Office in honour of the late Chief Dr. Samuel Asabia, the first indigenous Managing Director and Chief Executive of FBN PLC.

Go to article

"Our Mission' - General Sani Abacha, Gcon, Fss, Dss, Mni, Commander -In-Chief Of The Armed Forces Of The Federal Republic Of Nigeria: Being The 1994 Budget Address., Sani Abacha Mar 1994

"Our Mission' - General Sani Abacha, Gcon, Fss, Dss, Mni, Commander -In-Chief Of The Armed Forces Of The Federal Republic Of Nigeria: Being The 1994 Budget Address., Sani Abacha

Bullion

The 1994 Budget Address manuscript titled "Our Mission" read by the General Sani Abacha, GCFR. The foregoing constitute the historical context of current efforts to charting relevant and appropriate direction for Nigeria's socioeconomic, The policy direction for 1994 must, therefore, aim at the refashioning of present ways of doing Government business.

Go to article

The Devaluation Of The Cfa Franc: Implication For The West African Intra-Regional Trade And The Nigerian Economy., E. U. Olisadebe Mar 1994

The Devaluation Of The Cfa Franc: Implication For The West African Intra-Regional Trade And The Nigerian Economy., E. U. Olisadebe

Bullion

This article discusses the CFAF devaluation which was long-resisted and how it became inevitable after France indicated her intention in September, l993 not to assist the depressed economies of the CFA states if they backed out of IMF supported structural adjustment Programme. The IMF had insisted on devaluation as a condition for supporting any adjustment programme in CFA countries arguing that the devaluation would encourage investment and make exports more competitive thereby improving the balance of Payments of the CFA countries.

Go to article

Structure Of The Nigerian Economy: Being The Text Of A Paper Presented On 18th April, 1994 At A Seminar On The Management Of Nigerian Economy Held At The Cbn Training Centre, Lagos., F. U. Ezeuduji Mar 1994

Structure Of The Nigerian Economy: Being The Text Of A Paper Presented On 18th April, 1994 At A Seminar On The Management Of Nigerian Economy Held At The Cbn Training Centre, Lagos., F. U. Ezeuduji

Bullion

This paper examines various dimensions of Nigeria's structure, as well as its components and interrelatedness with a view to identifying the potentials for, and constraints to development. The paper is divided into four sections, ln section one, the resource base of the Nigerian economy is reviewed. This is followed in Section two by on appraisal of the pattern of Nigerian economic activities, given the structure of the resources. The third section examines the major structural weaknesses of the Nigerian economy while the fourth and final section summarises and concludes the paper.

Go to article

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 Mar 1994

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 …

Go to article