Central Bank of Nigeria
Financial System, Finance, Nigeria, Second Quarter
The financial system was under intense pressure in the second quarter of 1989 following the measures adopted by the monetary authorities to reduce the liquidity of the banking system and thereby combat the inflationary pressure in the economy and continued depreciation of the Naira exchange rate. The gradual strengthening of the squeeze on liquidity was accompanied by liquidity crisis among some banks towards the end of the quarter.
CBN Economic and Financial Review
Central Bank of Nigeria (1989). Developments in the Financial System during the Second Quarter of 1989. CBN Economic and Financial Review. 27(2), 1-8.