Economic and Financial Review


Central Bank of Nigeria


Financial System, Finance, Nigeria, First Quarter


Money supply as measured by both Ml and M2 declined in the first quarter of 1987 due mainly to declines in net foreign assets and ••other'' assets net of the banking system. Banking system credit, on the other hand increased although at a slower pace than in the last quarter of 1986. While both the money and capital markets remained active during the quarter, the tempo of activities slowed down considerably from the December 1986level.

Author Bio

The authors are staff of the Money and Banking Office, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review





Recommended Citation

Central Bank of Nigeria (1987). Developments in the Financial System during the First Quarter of 1987. CBN Economic and Financial Review. 25(1), 1-8.



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