CBN Digital Commons (Central Bank of Nigeria)
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Computerization in the Central Bank of Nigeria: the challenge and response.
No full textThe Computer Services Department was established in the Bank in the late seventies as an office in the Organization & Method (O&M) Division of the then Financial Systems & Control Department. Core members of staff were drawn from the existing personnel within the Bank on the basis of aptitude tests. The Computer Systems Office later metamorphosed into Computer Systems Division under the same department in 1980 and was headed by an expatriate contract officer. In 1986, the Computer Systems Division became the Computer Services Department with the following key objectives: - Operation and control of the existing computer systems; - Design, development and implementation of new computer systems to satisfy the Bank\u27s business needs; - Advising management on the use of computer technology, and Information Technology (TT) training; and - Achievement of the above objectives in a cost-effective manner. The year 1989 marked the watershed in the history of the deparment. In that year and subsequently, the top management of the department changed hands and seasoned computer professionals were recruited from outside the Bank to run the affairs of the department. Significant changes have also taken place in the business requirements of the Bank. These changes have created challenges and opportunities which will be addressed in this paper
On the issue of universal Banking in the Nigerian context.
No full textThe paper analyses the real issue in Universal Banking. Highlighting the global spread, the concept, the alternative approaches to Universal Banking as while the pros and cons. The author of the view that Universal Banking cannot deal with the inefficiencies and distortions in the system nor will it make a distressed merchant bank viable
The Conduct of Monetary and Banking Policies by the Central Bank of Nigeria
No full textMonetary 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\u27s 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
Welcome address at the 3rd CBN Executive Seminar
No full textThe theme of this year\u27s seminar is Central Banking: A Case Study of the Central Bank of Nigeria . This is a natural follow-up to the theme of last year, \u27\u27The Nigerian Banking System and Policies: Issues, Problems and Prospects . The aim of this series of seminars which began in 1993, is to create a forum in which CBN executives would have a healthy exchange of ideas and experiences and provide an opportunity for participants to update their knowledge of issues relevant to the work of the Bank
Central Bank of Nigeria monetary, credit, foreign trade and exchange policy guidelines for 1995 fiscal year.
No full textThe Circular outlined the monetary, credit, foreign trade and exchange policy guidelines applicable to banks and other financial institutions in the 1995 fiscal year
Convertibility of the Naira: issues and prospects.
No full textThe rapidly unfolding development\u27s in the world economy in recent times, have led to resurgent calls for moves towards currency convertibility (basically, the unrestricted use of a country\u27s currency for international transactions, allowing it to be freely exchanged for foreign currencies) as a part of the process of integration into the world market economy. This paper seeks to discuss the issues and prospects of naira convertibility. The paper is divided into four parts. Part 1 discusses the various concepts of and preconditions for currency convertibility. Part II, evaluates Nigeria\u27s economic conditions in relation to the issue of convertibility. In Part III, implications of a convertible naira on the national economy are examined, while summary and some concluding remarks are contained in part IV
Fiscal policy issues and expenditure programme under the 1995 Federal Budget.
No full textThis paper examines the role of the Federal government of Nigeria in the management of the economy through budgeting. This paper was discussed in sections. Section I reviews the fiscal policy issues of the budget while Part II analyses the expenditure programme of the budget. Part III appraises briefly the prospects of achieving the macroeconomic objectives proposed In the budget. The paper is concluded with a summary
Monetary Policy and the Performance of Commercial Banks in Nigeria
No full textThe purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and the overall stability of the financial system in the event of a pronounced distress in any of them
The medium-term prospects for the management of Nigeria\u27s external debt.
No full textThe paper highlighted the antecedents to Nigeria\u27s current debt problem and the efforts made so far to address it. It also assess the debt situation in the medium-term in the light of current economic development, including the prospects for its effective management and the policy implications
Structural adjustment and credit delivery to SMEs in developing countries.
No full textIn this paper, an attempt was made to analyse the impact of SAP and related financial reform on SMEs. The experience of East Asian economies has shown that Governments can intervene successfully in financial markets by creating financial institutions and directing credit in ways that promote both economic stability and growth. Other developing countries can draw useful lessons from the East Asia experience