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Notes on Commercical Bank Deposit Liabilities: 1967-April 1969
The movements of commercial bank liabilities for deposits since January 1967 seem generally to have followed the pattern in past years. The large increases in deposits, especially time and savings, were mainly attributable to the current civil war and the consequent fall in economic activities. The movement of the various components of the banks\u27 deposits are shown in the tables
Statistical Section (June 1969)
The dataset for the June 1969 issue of the Economic and Financial Review contents data for central banking, commercial banking, money supply, money and capital markets, public debt, national savings, external assets, international trade, production, fuel and power and public finance, covering data from 1962 to 1969
Private Foreign Investment in 1966
This paper presents the results of the latest annual survey of private foreign investment in Nigeria. As in previous years, the enquiry was confined to companies which were wholly or partly owned by foreign nationals. The survey covered 594 selected establishments, of which 54 per cent responded, on the basis of which estimates were made
Statistical Section (December 1968)
Publication of the statistics include analysis of commercial bank loans and advances, finance agricultural exports, money and capital marker, national savings, international trade, fuel and power and some new headings that are now included like transportation and communications, while some have been merged to other headings
An address by the Governor of the Central Bank of Nigeria, Dr C.N. Isong to the Local Centre of the Institute of Bankers
An address by the Governor of the Central Bank of Nigeria, Dr C.N. Isong to the Local Centre of the Institute of Bankers, Lagos on 21 February, 1969. On the role of the banking community in the progress of the economy
Statistics Section 1967
This section provides statistics for the Central Bank of Nigeria for the years 1960-67 under the following headings: central banking; currency; commercial banking; money and capital markets; public finance; national savings; international trade; production with reference to marketing board purchases of agricultural produce as well as production of principal agricultural commodities and estimated producer incomes and mineral production. The section ends with fuel and power with reference to electricity generation and consumption
Tax Reform: 1966-67
This article examines tax reforms in Nigeria which was undertaken to restructure indirect and direct (individual and company). The article observed that the reform was undertaken because of the low current revenue which led to a shortfall in the calendar year budget equivalent of £178.8 million by 10.8 per cent. The drop in revenue was caused by a fall in demand for dutiable imports. Although current revenue fell, current expenditure rose by 13.0 per cent to £88.6 million, due mainly to a rise of about 67 per cent in public debt servicing and unplanned expenditures related to the political situation in the country. The recurrent budget surplus, as a result, was reduced from £16.l million in 1965 to £10.2 million in 1966. This situation led the Federal Government, late in 1966, to review its tariff policy in the direction of liberalization in a bid to raise the level of imports, and thereby increase revenue
Statistical Section.
The Statistical tables comprises of the following: Central Bank of Nigeria statement of Assets and Liabilities, Central Bank rediscount operations, Currency in circulation, Money supply, Commercial Banking system statement of Assets and Liabilities, Analysis of Commercial Banks Loans and advances
Private foreign investment in 1965
This report is the fourth in the series on private foreign investment in Nigeria, and is based on the latest data obtained from the survey of private foreign investment in 1965. As in the previous surveys, the enquiry for 1965 was confined to companies which were wholly or partly owned by foreign persons. The survey covered 594 establishments, and produced fifty-seven per cent response, on the basis of which estimates were made
Consumer Credit in the Nigerian Economy 1964-66
This article identifies consumer credits available in Nigeria 1944-1966. Two kinds of consumer credit are extended in Nigeria: one is instalment sales credit also referred to as \u27hire-purchase\u27; the other is non-instalment credit which is normally granted through charge or service accounts