Developments in the Banking Sector during the Fourth Quarter of 1984

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Banking, Banking Sector, Banking Sector Development, Nigeria

Abstract

The upward movement in the level of money supply narrowly defined (Ml) which occurred in third quarter of 1984 continued in the fourth. At the end of December, MI stood at NI 2,204.1 million, increasing by N664.0 million or 5.8 per cent over the level at the end of the preceding quarter. During the corresponding period of last year, MI increased by N256.S million or 2.3 per cent to stand at NI 1,282.4 million. On a monthly average basis, Ml was NI 1,652.9 million during the review quarter compared with an average of NI 0,9 I 6. 7 million recorded in the corresponding period of 1983.

Author Bio

The authors are staff of the Money and Banking Office, Domestic Finance Division of the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

22

Recommended Citation

Central Bank of Nigeria (1984). Developments in the Banking Sector during the Fourth Quarter of 1984. CBN Economic and Financial Review. 22(4), 3-9.