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Full-Text Articles in Economics

Foreign Exchange Flows Through The Central Bank During The Third And Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn Dec 1983

Foreign Exchange Flows Through The Central Bank During The Third And Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

N11.9 million and a net outflow of N3.7 million during the third and fourth quarters of 1983 respectively. These compared with the net outflows of 13.2 and N171.9 million recorded during the counterpart periods of the preceding year (See Table 1). In line with these developments, official holdings of external reserves increased by N11.9 million during the 3rd quarter, recording N802.2 million at the end of September, 1983. They decreased by N3.7 million during the 4th quarter to N798.5 million at the end of December 1983. (See Table 3) .

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Developments In The Financial Sector During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn Dec 1983

Developments In The Financial Sector During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

Money supply, narrowly defined , Ml, attained a seasonal peak of N 11,282.4 million at the end of the fourth quarter of 1983, thus showing an increase of N256.5 million or 2.3 per cent over the level in the preceding quarter, compared with the increase of N950. l million or 10.4 per cent in the corresponding period of 1982. Over the level a year earlier, the rise in this aggregate was Nl ,233.9 million or 12.3 per cent.

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Developments In World Commodity Markets During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn Dec 1983

Developments In World Commodity Markets During The Fourth Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

The International Commodity Markets weakened slightly during the fourth quarter of 1983, compared with the preceding quarter. The major fa ctors which influenced developments in the markets during the period included the reaction of specul ators to movements in the sterling exchange rate as well as forecasts of the state of supply of most of the commodities.

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Comparative Analysis Of Commercial Banking Activities In The 19 States Of The Nigerian Federation 1977-1980, N. E. Ogbe Dec 1983

Comparative Analysis Of Commercial Banking Activities In The 19 States Of The Nigerian Federation 1977-1980, N. E. Ogbe

Economic and Financial Review

The paper is divided into three parts. Part I examines the inter-state distribution of bank facilities - branches, credit and deposits; analysis of intra-state sectoral credit distribution and loan maturity are discussed in part 2; while part 3 is the conclusion.

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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

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The Relevance Of Exchange Control In Nigeria's Balance Of Payments Adjustment Process, O. K. Anifowose Sep 1983

The Relevance Of Exchange Control In Nigeria's Balance Of Payments Adjustment Process, O. K. Anifowose

Economic and Financial Review

The objective of this paper is to evaluate the usefulness of exchange control in correcting Nigeria's Balance of Payments deficits during the period 1967-1981. The paper consists of four parts. In part one, a general review of the legal framework and exchange control practices in the period is undertaken. Part two offers an appraisal of exchange control as a policy for balance of payments adjustment in Nigeria. In part three exchange control is compared with other balance of payments policies to determine whether or not the country can dispense with the control regulations . The summary and main conclusions of …

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A Preliminary Assessment Of The Agricultural Credit Guarantee Scheme In Nigeria, M. O. Ojo, O. O. Akanji Sep 1983

A Preliminary Assessment Of The Agricultural Credit Guarantee Scheme In Nigeria, M. O. Ojo, O. O. Akanji

Economic and Financial Review

The basic objective of this paper was to review the main achievements of the ACGS and analyze the major constraints on its operations during the first five years of its implementation. The paper is organised into four sections. A summary of the objectives of the ACGS is presented in Section l while in Section 11, an analysis of its main achievements between 1978 and 1982 is undertaken. Section III contains a discussion of some of the major constraints on the operations of the Scheme while Section IV concludes the paper.

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Development In World Commodity Markets During The Third Quarter Of 1983, Central Bank Of Nigeria Cbn Sep 1983

Development In World Commodity Markets During The Third Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

In spite of random swings during the period, the prices of most of Nigeria's agricultural export commodities continued to maintain the rising trend observed since the forth quarter of 1982. The trend reflects the continued decline in the supply of most of the commodities due to adverse weather conditions and in some cases natural disasters. Detailed analysis of developments in some of the major commodities markets are given in this article.

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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'.

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Foreign Exchange Flows Through The Central Bank During The 3rd Quarter Of 1983, Central Bank Of Nigeria Cbn Sep 1983

Foreign Exchange Flows Through The Central Bank During The 3rd Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

Movement of foreign exchange through the Central Bank during the third quarter of 1983 resulted in a net inflow of N 11.9 million compared with the net outflow of N 103.0 million and a net inflow of N 13.2 million during the preceding quarter and the corresponding period of l 982.

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Foreign Private Investment In Nigeria 1979-1981, Central Bank Of Nigeria Cbn Sep 1983

Foreign Private Investment In Nigeria 1979-1981, Central Bank Of Nigeria Cbn

Economic and Financial Review

This paper has analysed the results of the survey o f foreign private investment in Nigeria for the period 1979 to 1981. The results show that net inflow o f foreign private investment into Nigeria fell by 12.6 per cent from N331.8 million in 1978 to N289.9 million in 1979. but rose by 61.1 per cent to N467.0 million in 1980 and fell again by 70. 5 per cent to N137.8 million in 1981. The sharp fall in net inflow of foreign private investment in 1981 was due to an outflow of N447. I million in 1981 as against outflows …

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Review Of Business Activities During The First Half Of 1983, Central Bank Of Nigeria Cbn Jun 1983

Review Of Business Activities During The First Half Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

This report contains an analysis of data compiled from the returns to the Central Bank of Nigeria survey of business activities covering the first half of 1983. The survey was confined to Lagos metropolis.

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Foreign Exchange Flows Through The Central Bank During The First And The Second Quarters Of 1983., Central Bank Of Nigeria Cbn Jun 1983

Foreign Exchange Flows Through The Central Bank During The First And The Second Quarters Of 1983., Central Bank Of Nigeria Cbn

Economic and Financial Review

The report covers transactions in foreign exchange through the Central Bank of Nigeria during the first and the second quarters of 1983, which resulted in net outflows of N150.0 million and N 103.0 million, respectively. The movements in foreign exchange led to a further reduction in the level of official holdings of external reserves during the first two quarters of 1983.

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Government Expenditures, Money Supply And Prices: 1970-80, J. O. Osakwe Jun 1983

Government Expenditures, Money Supply And Prices: 1970-80, J. O. Osakwe

Economic and Financial Review

The main objectives of this paper are to ascertain the amount of the Federal Government expenditures which affected money supply, during the period 1970-80; to examine the movements of government expenditures, money supply and prices within the period 1970-80 and to investigate the empirical relationships between government spending and money supply, and money supply and prices. In order to achieve the above named objectives, the paper is divided into four parts as follows: Part 1 deals with the estimates of government expenditures which affected money supply. Part 2 describes the movements of government expenditures, money supply and prices; Part 3 …

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Comparative Use Of Monetary Policy Tools In African Economies With Particular Reference To Nigeria, Zimbabwe And Kenya, Abiola R. Masha Jun 1983

Comparative Use Of Monetary Policy Tools In African Economies With Particular Reference To Nigeria, Zimbabwe And Kenya, Abiola R. Masha

Economic and Financial Review

The economies of Nigeria, Kenya and Zimbabwe have generally been considered as being in the forefront of African countries. Their monetary system in particular have been included among the most sophisticated in the developing countries and hence have attracted the greatest interest from students of comparative banking and financial systems. Thus, there have been, in the last several years, a number of studies on the financial systems of the three economies. These studies are, however, often focused on the institutional features of the financial systems rather than on the actual behavioral characteristics of the systems themselves. This paper intends to …

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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.

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Monetary Development During The First Quarter Of 1983, Central Bank Of Nigeria Cbn Mar 1983

Monetary Development During The First Quarter Of 1983, Central Bank Of Nigeria Cbn

Economic and Financial Review

The main factors responsible for the decline in money supply in the first quarter of 1983 were the decline of Nl,799.0 million or 29.6 per cent in other assets (net) of the banking system ( or an equivalent increase in their other liabilities), a fall of N212.8 million or 19.9 per cent in net foreign assets and an increase of N97 .0 million or 1.4 per cent in quasi-money. The contractionary impacts of these three factors more than offset the expansionary effects of an increase ofNl,391.0 million or 6.3 per cent in bank credit to the economy.

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Recent Developments In Nigeria's Oil Industry And Their Implications For Government Finance, Petroleum Studies Office Research Department Mar 1983

Recent Developments In Nigeria's Oil Industry And Their Implications For Government Finance, Petroleum Studies Office Research Department

Economic and Financial Review

This brief review has focused on the movements of oil prices, production and exports in the 1979-82 period, highlighting the implications of such movements for Federal Government revenue and expenditure.

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An Address By Alhaji Abdulkadir Ahmed, Governor, Central Bank Of Nigeria, At The 12th Annual General Meeting Of Manufacturers Association Of Nigeria On Wednesday, 9th March, 1983, Abdulkadir Ahmed Mar 1983

An Address By Alhaji Abdulkadir Ahmed, Governor, Central Bank Of Nigeria, At The 12th Annual General Meeting Of Manufacturers Association Of Nigeria On Wednesday, 9th March, 1983, Abdulkadir Ahmed

Economic and Financial Review

This is an address by Alhaji Abdulkadir Ahmed, Governor, Central Bank of Nigeria, at the 12th Annual General Meeting of Manufacturers Association of Nigeria, on the theme " The Problem of Over-dependence of the Nigerian Economy on Imports".

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Growth And Flexibility Of Federal Government Tax Revenue 1960 - 79, S. E. Omoruyi Mar 1983

Growth And Flexibility Of Federal Government Tax Revenue 1960 - 79, S. E. Omoruyi

Economic and Financial Review

The paper is divided into two parts. Part I discusses the growth of tax revenue including an analysis of shifts, if any, in revenue productivity of taxes or tax types. Part II outlines our flexibility co-efficients based largely on single equation, simple regression model.

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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

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Review Of Nigeria's Balance Of Payments: Development During The First Half Of 1982, Central Bank Of Nigeria Cbn Jun 1982

Review Of Nigeria's Balance Of Payments: Development During The First Half Of 1982, Central Bank Of Nigeria Cbn

Economic and Financial Review

Estimates for the first half of 1982, showed that Nigeria's balance of payments resulted in a deficit ofNl,583.4 million as against a revised surplus of N 53.1 million for the same period of 1981. But compared to the deficit of N3,020.1 million for the second half of 1981, the balance of payments situation, represents an improvement.

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Nigeria And Opec: To Be Or Not To Be?, G. O. Nwankwo Jun 1982

Nigeria And Opec: To Be Or Not To Be?, G. O. Nwankwo

Economic and Financial Review

According to the Economist, 'Oil multiplied Nigeria's exports by a factor of 10 in the 1970s, and its imports by a factor of 11. This fuelled Nigeria's honourable ambitions to emerge as the greatest power in Africa. The country's rulers are bitterly disappointed by the way the oil glut has partially devalued this great natural resource. So are some exporters to it. '1 In the wake of this unhappy state of affairs, Nigeria has taken steps to redress the situation. Some people, however, argue that the most effective action Nigeria should take is to lower the price of her oil …

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Oil In The Political Economy Of Nigeria, E. I. K. Sule Jun 1982

Oil In The Political Economy Of Nigeria, E. I. K. Sule

Economic and Financial Review

The oil industry is perhaps one of the most important and largest industries in the world. Through its wide areas of operation, nature of product demand and international network of operating companies, the industry affects every country in today's civilised world. As a result, a day hardly passes without oil being in the news. The industry has bestowed great financial power on oil producers some of which belong to the third world.

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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

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Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia Jun 1980

Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia

Economic and Financial Review

A review and appraisal of foreign investment policies and strategies in Nigeria is undertaken in three sections. Section one presents the historical evolution of the policies under three different types of political administration, namely, the colonial era, the civilian administration of the first republic ( 1960-1965). and the military regime which held the reigns of political power for thirteen years (1966-1979). Section two analyses data on private foreign investment in Nigeria. The third section rounds up the discussions with an appraisal of the existing approaches and the concluding observations.

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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

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The Determinants And Control Of Money Stock In Nigeria, E. O. Akinnifesi, Toyin Phillips Jun 1978

The Determinants And Control Of Money Stock In Nigeria, E. O. Akinnifesi, Toyin Phillips

Economic and Financial Review

The paper is divided into five sections. Section I reviews Central Bank's monetary control measures as adopted since 1959 thus highlighting the successes and limitations of the Policy instruments. Section II presents a brief review of the controversy between the "monetarists" and the " fiscalists" so as to provide some theoretical underpinnings for this study, while Section III actually deals with the specifications of the behavioural functions. The empirical results are presented in Section IV and the last section summarises the findings and the conclusions thereupon.

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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

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Devaluation And Balance Of Payments In Ecowas Countries: A Study Of Nigeria's Exchange Rate Policy, C. C. Ozumba Jun 1978

Devaluation And Balance Of Payments In Ecowas Countries: A Study Of Nigeria's Exchange Rate Policy, C. C. Ozumba

Economic and Financial Review

The purpose of this paper is to review Nigeria's exchange rate policy as outlined above, and in doing so, one finds it compelling, and hopefully rewarding, to take a general look at the exchange rate policies in selected African countries, focusing particularly on the effects of devaluation on balance of payments. Accordingly, the paper first presents an analytical framework in which a monetary approach is considered most useful. The next section introduces a simplified monetary model. Following that, there is a discussion of statistical testing and results. The final section considers the implications for policy in Nigeria, appraising in some …

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