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Economics

Central Bank of Nigeria

Economic and Financial Review

Central Banking

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Full-Text Articles in Social and Behavioral Sciences

Is Inflation Always And Everywhere A Monetary Phenomenon? Evidence From Nigeria, J. K. Achua, H. Nagado, I. I. Okafor Mar 2020

Is Inflation Always And Everywhere A Monetary Phenomenon? Evidence From Nigeria, J. K. Achua, H. Nagado, I. I. Okafor

Economic and Financial Review

Is inflation always a monetary phenomenon in Nigeria? Autoregressive Distributed Lag (ARDL) results of Nigerian data, spanning 2005q1-2017q4, indicate that changes in money supply have no long-run significant impact on domestic price level behaviour. The results, however, reveal that non-monetary factors: import, global oil price, exchange rate, inflation expectation, fuel pump price and monetary policy rate significantly upsurge inflationary pressure. Conversely, household income (the shadow of unemployment) significantly dampens inflationary pressure while fiscal deficits moderate the pressure. The findings establish the dominance of structural and fiscal dynamics in the inflation equation of the economy.


Analysis Of Monetary Policy Decision Making Among Heterogeneous Monetary Policy Committee (Mpc) Members At The Central Bank Of Nigeria, C. C. Ezema, O. J. Odonye, T. S. Shitile, O. O. Afiemo Sep 2014

Analysis Of Monetary Policy Decision Making Among Heterogeneous Monetary Policy Committee (Mpc) Members At The Central Bank Of Nigeria, C. C. Ezema, O. J. Odonye, T. S. Shitile, O. O. Afiemo

Economic and Financial Review

This paper provided an empirical analysis of policy-makers' voting patterns on interest rates in Nigeria. Employing a (pooled) Taylor rule and using real-time data obtained from published personal statements of monetary policy committee members at the Central Bank of Nigeria (CBN), the paper tests for preference heterogeneity among MPC members. The aggregate reaction function as well as individual reaction functions for MPC members were used to tests whether there is a difference between the voting patterns of internal members and that of external members of the committee. Our results suggest evidence of heterogeneity among MPC members and that the voting …


Statistics (December 1990), Central Bank Of Nigeria Cbn Dec 1990

Statistics (December 1990), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in December 1990


Statistics (June 1989), Central Bank Of Nigeria Cbn Jun 1989

Statistics (June 1989), Central Bank Of Nigeria Cbn

Economic and Financial Review

This a statistical representation of the economic activities in Nigeria in June 1989


Statistics, December 1987, Central Bank Of Nigeria Cbn Dec 1987

Statistics, December 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of the economic activities in Nigeria in December, 1987


Statistics (June 1987), Central Bank Of Nigeria Cbn Jun 1987

Statistics (June 1987), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in June 1987


Statistics (March 1987), Central Bank Of Nigeria Cbn Mar 1987

Statistics (March 1987), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in March, 1987


Statistical Section (June 1986), Central Bank Of Nigeria Cbn Jun 1986

Statistical Section (June 1986), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in June 1986


Statistical Section (December 1984), Central Bank Of Nigeria Cbn Dec 1984

Statistical Section (December 1984), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria during the fourth quarter of 1984


Statistical Section (June 1984), Central Bank Of Nigeria Cbn Jun 1984

Statistical Section (June 1984), Central Bank Of Nigeria Cbn

Economic and Financial Review

Statistical tables on central banking, commercial banking, merchant banking, international liquidity, international trade, the flow of funds, money supply, national savings, production, consumer prices, public debt and public finance.


Statistical Section (December 1983), Central Bank Of Nigeria Cbn Dec 1983

Statistical Section (December 1983), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in 1983


Statistical Section (September 1983), Central Bank Of Nigeria Cbn Sep 1983

Statistical Section (September 1983), Central Bank Of Nigeria Cbn

Economic and Financial Review

The statistical tables comprised of the following: Central Bank of Nigeria statement of assets & liabilities, Central Bank monthly rediscounts gross, Commercial Banks' statement of assets and liabilities, Analysis of Commercial Banks' loans and advances, Selected predominant interest rates, Ratio of loans and advances to deposits, Net external assets of Commercial Banks, and Liquidity ratios of Commercial and merchants Banks'.


Statistical Tables, Central Bank Of Nigeria Cbn Jun 1983

Statistical Tables, Central Bank Of Nigeria Cbn

Economic and Financial Review

The statistical tables comprise the following data: Central Bank of Nigeria statement of assets and liabilities; Central Bank monthly rediscounts (gross); Commercial Banks' statement of assets and liabilities; Analysis of Commercial Banks' loans and advances; Commercial banking: selected predominant interest rates; Ratio of loans and advances to deposits; Net external assets of Commercial Banks; Liquidity ratios of Commercial and Merchant Banks; International reserves and related foreign accounts; Nigeria's balance of payments; Value of major imports and exports; and Nigerian Stock Exchange (NSE) transactions.


Statistical Section (March 1983), Central Bank Of Nigeria Cbn Mar 1983

Statistical Section (March 1983), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria during the first quarter of 1983


Statistical Section (June 1982), Central Bank Of Nigeria Cbn Jun 1982

Statistical Section (June 1982), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of the economic activities in Nigeria in June 1982


Statistical Section (June 1980), Central Bank Of Nigeria Cbn Jun 1980

Statistical Section (June 1980), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of the economic activities in Nigeria in June 1980


Statistical Section (June 1978), Central Bank Of Nigeria Cbn Jun 1978

Statistical Section (June 1978), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is the statistical representation of the economic activities in Nigeria in June 1978


Statistical Section (June 1976), Central Bank Of Nigeria Cbn Jun 1976

Statistical Section (June 1976), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of economic activities in Nigeria in June 1976