Developments in Money, Credit and Banking in the Fourth Quarter of 1990

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Money, Credit, Banking, Fourth Quarter

Abstract

The growth of the money stock maintained the high tempo observed since the third quarter. The acceleration was influenced by the sharp rise in foreign assets ( net) of the banking system and the increase in credit (net) to the domestic economy. Credit (net) to the government sector rose sharply while merchant banks' credit to the private sector was excessive. The expansion in the number and activities of commercial and merchant banks continued into the fourth quarter. The banks' assets and deposit liabilities increased substantially. The overall liquidity of the commercial banks increased while that of the merchant banks decreased slightly during the quarter.

Author Bio

The authors are staff of the Monetary Analysis Office and the Financial Institutions and Policy Office, Financial Analysis Division, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

28

Recommended Citation

Central Bank of Nigeria (1990). Developments in Money, Credit and Banking in the Fourth Quarter of 1990. CBN Economic and Financial Review. 28(4), 3-10.