Economic and Financial Review


Central Bank of Nigeria


Money, Credit, Banking, Fourth Quarter


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





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.



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