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Central Bank of Nigeria

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Full-Text Articles in Economics

Regling, Klaus P. "New Financing Approaches In The Debt Strategy" Finance And Development: March 1988, Vol. 25, No. 1, Pp.6 - 9, G. C. Onuoha Sep 1991

Regling, Klaus P. "New Financing Approaches In The Debt Strategy" Finance And Development: March 1988, Vol. 25, No. 1, Pp.6 - 9, G. C. Onuoha

Economic and Financial Review

The review summarises the author's analysis of the various financing techniques. Apart from a few technical points, the write up is self-explanatory and interesting to read. Discussed in it are some of the advantages and constraints in the use of some of the financing techniques. While agreeing with the author on some of the advantages and shortcomings of the financing techniques, there is the need to point out issues which the author failed to take into consideration.

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The People's Bank Of Nigeria: Review And Update, J. A. Babalola Jul 1991

The People's Bank Of Nigeria: Review And Update, J. A. Babalola

Bullion

The paper reviews the establishment of the People's Bank in Nigeria. The paper is divided into five sections, Section one gives background to the establishment of the People's Bonk in Nigeria, section two discusses the concept and operational features of the Bank, section three appraises the operations, section four looks at the likely problems the Bank may face, while Section five discuses the prospects and conclude the Paper.

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The Role Of The Central Bank Of Nigeria In Promoting Agricultural Production And Export Trade In Nigeria, I. G. Garba Jul 1991

The Role Of The Central Bank Of Nigeria In Promoting Agricultural Production And Export Trade In Nigeria, I. G. Garba

Bullion

The paper examines Central Bank of Nigeria’s (CBN) engagement in a variety of activities in the form of policies, programmes and project for the development of the Nigerian economy. ln particular, the promotion of agricultural production and export trade has been pursed to varying degrees using various policy instruments at its (CBN) disposal under changing national and international economic and political climate. The paper examine the development in these two key and complimentary activities and highlighting the changing economic situations. The prospects for the future are discussed based on the lessons of past experiences. The paper is rounded up with …

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Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria Jun 1991

Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria

CBN Statistical Bulletin

The financial statistics section offers comprehensive data on various financial subsectors, including money and banking, financial markets, non-bank financial institutions, and public finance statistics. Key areas covered include data consolidation of commercial and merchant banks, liquidity ratios, cash reserves, loan/deposit ratios, and credit distribution. Clearing house statistics provide information on volume of transactions within the commercial banking system and the number and value of cheques cleared. Financial markets provide information on new issues, treasury securities, money market assets, Nigerian Stock Exchange (NSE) transactions, and government debt instruments. Public finance statistics include federal government revenue and expenditure, sources such as oil, …

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The Role Of Central Bank Of Nigeria In The Relation To The Banking And Insurance Industries, Victor A. Odozi Jun 1991

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: …

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The Role Of The Banking System In The Management Of The Economy, Philips Toyin Jun 1991

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.

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Management Of The External Debt Of Nigeria, R. A. Olukale Jun 1991

Management Of The External Debt Of Nigeria, R. A. Olukale

Bullion

Debt management primarily involves five basic functions: policy, regulatory, operational, accounting, and statistical analysis. The policy involves coordination among the agencies with prime responsibility for the economic management of a country in the formulation of national debt policies and strategies. This paper is arranged in six parts. Part I is an over-view of global debts in selected developed and developing economies. Part ll addresses the origin and structure of Nigeria's external debt. Part lll discusses the causative factors of Nigeria's external debt and her external borrowing policy. Part lV highlights the debt relief proposals and the Nigeria's external debt profile. …

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Federal Government Policies In Respect Of Agricultural Finance, Godwill Ukpong, Usman Malgwi Jun 1991

Federal Government Policies In Respect Of Agricultural Finance, Godwill Ukpong, Usman Malgwi

Bullion

The objective of this paper is to identify some of the major policies pursued by government to increase agricultural output, with particular reference to agricultural finance and assess their effectiveness in terms of expectations and set targets. For ease of presentation, the paper is divided into three parts. Part 1 reviews past and current government policies on agricultural financing. Part 11 examines some specific measures taken and assesses their degree of effectiveness. Part 111 provides a Summary and Concluding remarks.

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Crowding-Out And Crowding-In Effects Of Policy Reforms In Developing Countries, Odozi A, Victor Jun 1991

Crowding-Out And Crowding-In Effects Of Policy Reforms In Developing Countries, Odozi A, Victor

Bullion

This paper discusses the interplay of crowding-out and crowding-in effects of policy reforms in the context of growth-oriented adjustment programs in developing countries, and to highlight some of the policy implications. A discussion of the nature and determinants of the two phenomena in a developing-country content is given in Section ll. Section lll presents some conclusions and practical implications of the analysis.

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The President's Address To The Chief Executives Of The Organised Private Sector On The 1991 Budget And Other Related Matters, Ibrahim Badamasi Babangida Mar 1991

The President's Address To The Chief Executives Of The Organised Private Sector On The 1991 Budget And Other Related Matters, Ibrahim Badamasi Babangida

Bullion

This was an address delivered by the formal President of Nigeria, His Excellency, Major General Ibrahim Badamasi Babangida. He addresses economic and financial related matters.

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Perspective On Medium To Long-Term Outlook For The Nigerian Economy, Ahmed A. Alhaji Mar 1991

Perspective On Medium To Long-Term Outlook For The Nigerian Economy, Ahmed A. Alhaji

Bullion

"Perspectives on Medium to Long - term Outlook for the Nigerian Economy". The topic has been designed as a new slant to the familiar subject of Structural Adjustment Programme (SAP). The article provides insight to some of the causes of the economic crises in Nigeria and how it can be avoided.

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Backward Integration And Foreign Exchange Conservation, Usman. Mallam Lsmaila Mar 1991

Backward Integration And Foreign Exchange Conservation, Usman. Mallam Lsmaila

Bullion

Agricultural import substitution can play an important role in foreign exchange conservation in Nigeria since a significant proportion of local industries process agricultural raw materials, which are usually in short supply. This study examines some of the benefits associated with agricultural produce in boosting economic growth and enhancing external reserves.

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Foreign Exchange Policy And Management, Olukole A. R. Mar 1991

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.

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C.B.N. Monetary And Credit Policy: Concept, Administration And Guidelines For 1991, Onyido C. B, Mar 1991

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

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Interest Rate Behaviour Since Deregulation, Oresotu F. O. Mar 1991

Interest Rate Behaviour Since Deregulation, Oresotu F. O.

Bullion

This paper examines the effects of interest rates with reference to deregulation of various sector of the economy. The interest rates used in this part of the paper are the commercial bank rates. This bas not affected the analysis as the commercial bank rates are in general lower than those of the merchant banks.

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Central Bank Of Nigeria Statistical Bulletin, December 1990, Central Bank Of Nigeria Dec 1990

Central Bank Of Nigeria Statistical Bulletin, December 1990, Central Bank Of Nigeria

CBN Statistical Bulletin

The Central Bank of Nigeria (CBN) is recognized for its role in collecting, collating, analyzing, and disseminating data on the Nigerian economy. It has made available as much information as possible through its regular publications such as the Monthly, Half-Year, and Annual Reports, as well as the Economic and Financial Review and the Intermediate Economic and Financial Indicators. However, the bulk of the statistics published in these documents have focused mainly on the current and irregular reporting periods. This has led to a gap in the availability of relevant statistics in the country. The first issue of the CBN Strategic …

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Developments In The Agricultural Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn Dec 1990

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 …

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Perspectives On Medium To Long-Term Outlook For The Nigerian Economy, Abdulkadir Ahmed Dec 1990

Perspectives On Medium To Long-Term Outlook For The Nigerian Economy, Abdulkadir Ahmed

Economic and Financial Review

The Nigerian economy was in a deplorable state prior to the introduction of various policy and structural reforms in 1986. During the period of oil boom (1973-80), the production and consumption patterns in the country became import- dependent. With the collapse of oil prices in mid-1981, a foreign exchange crisis emerged. Foreign exchange earnings declined from US $25.9 billion in 1980 to $7.2 billion in 1986 with adverse consequences for the economy. The balance of payments came under severe pressures, swinging from a surplus ofN2.4 billion in 1980 to a large deficit of N3.0 billion in 1982. External debt increased …

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Exchange Rate Policy And The Structural Adjustment Programme In African Countries: Case Studies Of Zambia, Kenya, Ghana And Nigeria, S. E. Omoruyi Dec 1990

Exchange Rate Policy And The Structural Adjustment Programme In African Countries: Case Studies Of Zambia, Kenya, Ghana And Nigeria, S. E. Omoruyi

Economic and Financial Review

The purpose of this paper is to review the experiences of some selected countries in Africa- Zambia, Kenya, Ghana and Nigeria- that have implemented adjustment programmes supported by the use of IMF resources, focusing largely on the role of their exchange rate policies. The paper is divided into four parts. Part I highlights the policy targets/objectives and instruments of structural adjustment and discusses in some detail.the role of exchange rate in the programmes of the countries under reference. In Part II, a theoretical analysis is undertaken of exchange rate concepts and the typology of the transmission mechanism linking exchange rate …

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Foreign Private Investment Survey In 1988, Central Bank Of Nigeria Cbn Dec 1990

Foreign Private Investment Survey In 1988, Central Bank Of Nigeria Cbn

Economic and Financial Review

Although the 1988 survey on Foreign Private Investment showed that there was an increase in the net capital inflow through the Nigerian/foreign jointly-owned companies, a closer look revealed that the 22 per cent increase in the level of the gross inflow of capital over the 1987 level was merely due to naira exchange rate depreciation of 222 per cent between December 1987 and December 1988. Net investments by alien entrepreneurs continued to be dominated by unsettled liabilities to their overseas trading partners while the relative share of equity investments was relatively small, inspite of the Structural Adjustment Programme (SAP) which …

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Financial Deregulation, The Demand For Money And Monetary Policy In Australia, By P.A.V. Swamy And George S. Tavlas Imf Staff Papers, Vol. 36, No. 1, March 1989, F. O. Odoko Dec 1990

Financial Deregulation, The Demand For Money And Monetary Policy In Australia, By P.A.V. Swamy And George S. Tavlas Imf Staff Papers, Vol. 36, No. 1, March 1989, F. O. Odoko

Economic and Financial Review

The paper covers an important subject matter that is of relevance to the N"igerian economy in 'View of our recent experiences, with deregulation in general and in particular of the financial sector. The experience of the Australian financial system in the era of regulation was quite similar to the Nigerian experience. The sprouting and blossoming of finance houses in the face of strict regulation prior to policy reforms is a case in point. Thus, useful lessons can be drawn for our benefit through a thorough review of this paper. The paper examines the factors which informed the process of financial …

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Developments In Industrial Sector In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn Dec 1990

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.

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The National Housing Policy By Federal Ministry Of Works And Housing, Federal Republic Of Nigeria February 1991, O. O. Akanji Dec 1990

The National Housing Policy By Federal Ministry Of Works And Housing, Federal Republic Of Nigeria February 1991, O. O. Akanji

Economic and Financial Review

The document being reviewed is a book of forty-eight pages divided into nine chapters, highlighting three basic areas, viz: Land Development, Financing and Building Materials. Chapter one introduces the need for the Federal Government to come up with the new policy while chapter two outlines the goals and objectives of the Housing Policy (see Annexure 1). Chapters 3, 4, 5, 6, 7 and 8 discuss the details of the strategies and the tools for achieving the goals and objectives, while chapter 9 states how the objectives will be monitored and evaluate.J.

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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

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The Challenges Of Strategic Planning In The Banking Industry In The 1990s., Ibi Ajayi Dec 1990

The Challenges Of Strategic Planning In The Banking Industry In The 1990s., Ibi Ajayi

Bullion

Development within the overall economy inevitably have direct impacts on the environment and regulatory framework within which banks operate. Similarly, the operational efficiency of the banks or other wise in bringing to fruition the social and economic yearnings of the state has dire impact on the society. it is the realisation of this linkage that has led some commentators to assert that the banking sector is both the hand-maid and mid-wife of the economy. what is true also is that finance is the key to investment and investment leads to growth. Furthermore, the paper discusses what is strategic planning?; Change …

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The Phenomenal Growth Of The Nigerian Banking Industry In The 1980'S And The Need For Strategic Planning In The 1990'S., Esan Ogunleye Dec 1990

The Phenomenal Growth Of The Nigerian Banking Industry In The 1980'S And The Need For Strategic Planning In The 1990'S., Esan Ogunleye

Bullion

The growth of the banking industry in Nigeria especially in the last half of the 1980's had been of considerable interest to both citizens of this country and foreigner alike. Hence, the leap in the number of licensed banks had been described as anything from remarkable to phenomenal. There has also been diverse opinion about the effect of the increasing number of banks in the system. while some regard it as a healthy development, others see it as very unsettling.

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Computerisation As A Strategy For Achieving Medium/ Long Term Competitiveness In The Nigerian Banking Industry., S. K. Adebowale Dec 1990

Computerisation As A Strategy For Achieving Medium/ Long Term Competitiveness In The Nigerian Banking Industry., S. K. Adebowale

Bullion

The Banking act 1969 defined "Banking" as the business of receiving monies from outside sources as deposits irrespective of the payment of interest, and the granting of money loans and acceptable bills. The paper examines the computerisation of banking in Nigeria; Why computers are useful in banking in Nigeria. Finally the author is of the opinion that computerisation can be utilised as part of an overall bank management strategy to increase share of business and increase profitability.

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Developments In Money, Credit And Banking In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn Dec 1990

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 …

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Developments In The Financial Markets In The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn Dec 1990

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.

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Developments In The Retail Market Prices Of Selected Consumer Items In Lagos Areas During The Fourth Quarter Of 1990, Central Bank Of Nigeria Cbn Dec 1990

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, …

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