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Articles 1 - 30 of 42
Full-Text Articles in Social and Behavioral Sciences
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 …
Governance, Institutional Quality, Growth And Inequality In Africa. A Study Of Central Bank Of Nigeria, Ann Ogbo, Arachie Augustine Ebuka, Ezema Ikechukwu Humphrey
Governance, Institutional Quality, Growth And Inequality In Africa. A Study Of Central Bank Of Nigeria, Ann Ogbo, Arachie Augustine Ebuka, Ezema Ikechukwu Humphrey
Bullion
This paper examined the role of institutional quality on economic growth and reduction of inequality in Nigeria. Survey research design was adopted and data were collected through primary and secondary sources. Population of the study was 600 businesses across Nigeria. Descriptive and inferential statistics were used for data analysis. Findings revealed that the bottlenecks facing businesses in accessing loans have significant effects on business creation in Nigeria. The study concluded that lack of policies and interventions are not the problems for small businesses to obtaining funds from government, but effectiveness and efficiency of these interventions and policies.
Nigeria's Experience With Monetary Sterilisation (2000-2016)., Moses K. Tule, Usman M. Okpanachi, Imam S. Z., Afiemo O. O.
Nigeria's Experience With Monetary Sterilisation (2000-2016)., Moses K. Tule, Usman M. Okpanachi, Imam S. Z., Afiemo O. O.
Bullion
This study attempts to estimate the extent of sterilisation undertaken by the Central Bank of Nigeria (CBN) during the period from 2000 to 2016. The approach used in this study involved construction of a monetary sterilisation index by measuring the rate of change in domestic asset (net) with respect to the change in foreign asset (net). The index expands the menu of available indicators which may be considered by monetary policy makers in in evaluating policy response to changing economic conditions. The paper after its introduction reviews the literature on monetary sterilization is aimed at ensuring that the balance sheet …
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. …
Special Remarks: Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Annual Executive Seminar, S.O. Alade
Economic and Financial Review
This is the special remarks delivered by the Deputy Governor (Economic Policy) during the 2016 executive seminar, "financing government programmes in economic downturn- the role of central bank of Nigeria.
Determinants Of Income Velocity Of Money In Nigeria, Peter N. Okafor, Tersoo S. Shitile, Danladi Osude, Chidi C. Ihediwa, Olamide H. Owolabi, Verse C. Shom, Emmanuel T. Agbadaola
Determinants Of Income Velocity Of Money In Nigeria, Peter N. Okafor, Tersoo S. Shitile, Danladi Osude, Chidi C. Ihediwa, Olamide H. Owolabi, Verse C. Shom, Emmanuel T. Agbadaola
Economic and Financial Review
In this paper, the authors set out to empirically investigate the determinants of income velocity of money in Nigeria, using quarterly time series from 1985:1 to 2012:4. The paper confirms a positive and statistically significant relationship between the growth of income and the velocity of money, which supports the quantity theory of money. Interest rate also has a positive and significant relationship with the income velocity of money. The financial sector development variable adopted, growth rate of stock market capitalization, has a negative relationship with the income velocity of money. The variance decomposition and impulse response results identified inflation rate …
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.
Special Remarks By Sarah O. Alade, Ph.D (Mrs), Sarah O. Alade
Special Remarks By Sarah O. Alade, Ph.D (Mrs), Sarah O. Alade
Economic and Financial Review
Special remarks made by the Deputy Governor, (Economic Policy), Central Bank of Nigeria at the Executive seminar on "Financial Sector Development, Economic Growth and the Nigerian Economy" for CBN executive staff on May 7-10, 2012.
Financial Sector Development And Economic Growth: A Theoretical Exposition, Peter N. Umoh
Financial Sector Development And Economic Growth: A Theoretical Exposition, Peter N. Umoh
Economic and Financial Review
The various literature and studies reviewed in this exposition have underscored the positive impacts of a developed financial sector on an economy. Whilst a few studies showed that finance follows growth, the majority opinion is that finance leads growth. Unfortunately, growth has not led to economic development in many developing economies, necessitating intervention by such bodies as the United Nations, International Labour Organization and United Nations Development Programme. Economists are equally concerned about this development and have, therefore, conducted studies to show the relationship between economic growth and poverty alleviation. They generally agreed that growth is good for poverty reduction.
The Central Bank Of Nigeria And Its Developmental Functions: A Review Of Current Initiatives, Cajethan M. Anyanwu
The Central Bank Of Nigeria And Its Developmental Functions: A Review Of Current Initiatives, Cajethan M. Anyanwu
Economic and Financial Review
The paper x-rays the role of the Central Bank of Nigeria as an agent of economic development. The central bank impacts the economy via: ensuring monetary and price stability; management of external reserves; issue of legal tender currency; financial system management; the payments system; and developmental roles. Its developmental role has been given special attention in recent years with its intervention in the real sector.
Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola
Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola
Bullion
This paper discusses key issues in managing diversity and inclusion in the CBN for organizational effectiveness. It is organized into five sections. Section Two, following the introduction, provides some theoretical background while section Three x-rays evidence of diversity and inclusion the CBN. Section Four discusses the key challenges and the way-forward in diversity and inclusion management in the Bonk. The last section concludes the paper.
The Recent Financial Crisis And The Special Financing Interventions By The Central Bank Of Nigeria: Implications For The Real Sector Of The Nigerian Economy, O. O. Mbutor, D. J. Yilkudi
The Recent Financial Crisis And The Special Financing Interventions By The Central Bank Of Nigeria: Implications For The Real Sector Of The Nigerian Economy, O. O. Mbutor, D. J. Yilkudi
Bullion
This paper reviews the impacts of the crisis on the real sector of the Nigerian economy and highlights the various special financing intervention schemes, which the Central Bank of Nigeria (CBN) has wielded in a bid to reverse the down turn in the sector.
The Central Bank Of Nigeria, The Liquidity And The Sectoral Credit Allocation, Omolara O. Akanji
The Central Bank Of Nigeria, The Liquidity And The Sectoral Credit Allocation, Omolara O. Akanji
Bullion
This article describes the ways in which the CBN has supplied liquidity since 2009. The first is traditional: The CBN supplies liquidity by providing credit through Open Market Operations (OMO) and by lending to depository institutions at the so-called discount window. The second is by enhancing the liquidity of the banks through the Standing Lending Facility (SLF) window. The article notes that the CBN since after banking consolidation exercise in 2005 has departed from its long standing tradition of minimizing its effect on the allocation of credit by supplying liquidity to institutions that it believed to be most in need; …
Supervising Cross-Border Banks: Matters Arising., Kim Norris
Supervising Cross-Border Banks: Matters Arising., Kim Norris
Economic and Financial Review
An essential element of banking supervision is that supervisors supervise their banking groups on a consolidated basis, adequately monitoring and, as appropriate, applying prudential norms to all aspects of the business conducted by each group worldwide. This paper examines supervision of banking groups on a consolidated basis which goes beyond accounting consolidation. It simply implies that there is a group-wide approach to supervision whereby all risks taken on by each banking group are taken into account wherever they are booked (i.e. in the bank or in a subsidiary; in Nigeria or elsewhere).
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 …
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.
The Role Of The Central Bank In The Nigerian Economy., Paul A. Ogwuma
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 …
Governor's Speech At The Official Naming Ceremony Of "Samuel Asabia House"., Paul Ogwuma
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.
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