Document Type

Statistical Bulletin

Publication Title

CBN Statistical Bulletin


This volume data on various aspects of Nigeria's economy, including debt and banking sub-sector, central banking, financial markets, non-bank financial institutions, system clearinghouse activities, merchant and commercial banking, and public finance statistics for the year 1999. The data on financial institutions is based on the consolidation of commercial and merchant banks' first and second schedule statutory returns, computation of liquidity ratio, cash reserve ratio, loan/deposit ratio, proportion of loans to rural borrowers and small-scale enterprises, aggregate and sectoral distribution of credits, and the structure of licensed banks loans and advances. The data on financial markets is based on the consolidation of new issues, subscription of treasury securities and noney market assets outstanding, computation and conglomeration of data on Nigerian Stock Exchange (NSE) transactions, brokerage firms, ownership of government development stocks, and other issues relating to capital markets. The public sector indicators are the revenue and expenditure of the Federal Government. Agricultural crops are defined in terms of staples and other cash crops, while electricity generation and consumption are converted to tonnes. Consumer price indices (CPIs) measure changes in retail prices paid by consumers. The Balance of Payment (BOP) is a systematic record of economic transactions between residents and non-residents, including the provision and receipt of real resources goods, services, and income. The foreign exchange rate management in Nigeria has evolved from an officially pegged exchange rate system to a market-determined system. International trade takes place between the residents of a country, the reporting economy, and the rest of the world, usually divided into three sections: the Current Account, the Capital Account, and the Reserve.

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