CBN Digital Commons (Central Bank of Nigeria)
Not a member yet
1580 research outputs found
Sort by
Central Bank of Nigeria Annual Report and Statement of Accounts for the Year Ended 31st December 1983
No full textIn 1983, Nigeria\u27s economy experienced severe stagflation, with GDP falling by 4.4%, more than the 3.4% decline recorded in 1982. Domestic inflation was 23.2%, more than three times the 7.7% recorded in 1982. The external sector also suffered from the general malaise, with the recorded value of external trade falling from N21.3 billion in 1982 to N17.3 billion in 1983. Agricultural production fell sharply due to severe droughts, bush fires, and diseases/pest infestations in livestock and crops. The volume of primary commercial energy consumed increased, with the index going up by 4.4% in 1983. Inflationary pressures intensified due to the general scarcity of consumer goods, hoarding, and the sharp increase in money supply. The private sector received only 8.6% of the total bank credit, leading to a liquidity ratio of 52.2% at the end of 1983. The Nigerian government\u27s projected fiscal deficit was N10.9 billion due to declining oil export prospects and low expectations for government revenue. Unrecorded underground economic activities in the modern sector, such as smuggling, foreign exchange, and trade, contributed to the decline in Nigeria\u27s economy. The world economic situation took a turn during the year, with world output recovering slightly after a series of recessions and inflation. The Sixth Session of the United Nations Conference on Trade and Development in June-July 1983 addressed various North-South issues relating to trade, structural adjustment, protectionism, money and finance, and various issues affecting developing countries
Monetary Development During the First Quarter of 1983
No full textThe 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
Comparative Analysis of Commercial Banking Activities in the 19 States of the Nigerian Federation 1977-1980
No full textThe 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
Development in World Commodity Markets during the Third Quarter of 1983
No full textIn spite of random swings during the period, the prices of most of Nigeria\u27s 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
Developments in World Commodity Markets During the Fourth Quarter of 1983
No full textThe 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
Statistical Tables
No full textThe statistical tables comprise the following data: Central Bank of Nigeria statement of assets and liabilities; Central Bank monthly rediscounts (gross); Commercial Banks\u27 statement of assets and liabilities; Analysis of Commercial Banks\u27 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\u27s balance of payments; Value of major imports and exports; and Nigerian Stock Exchange (NSE) transactions
Recent Developments in Nigeria\u27s Oil Industry and their Implications for Government Finance
No full textThis 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
Growth and Flexibility of Federal Government Tax Revenue 1960 - 79
No full textThe 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
Developments in the Financial Sector during the Fourth Quarter of 1983
No full textMoney 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
Statistical Section (December 1983)
No full textThis is a statistical representation of economic activities in Nigeria in 198