Developments in the Financial Markets in the Fourth Quarter of 1990

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Financial Markets, Nigeria, Fourth Quarter

Abstract

Activity on the capital market w~ mixed and varied during the fourth quarter. The tempo of activity in the new issues market was very high in contrast'-to developments in the secondary market. The number of stockbroking firms increased from 76 in the third quarter to 80 in the fourth quarter of the year. Also, the unit trust scheme was launched during the quarter. Both the primary and secondary segments of the money market were quite active during the quarter. Total money market instruments outstanding increased substantially while the volume of rediscounts also increased appreciably.

Author Bio

The authors are staff of the 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 the Financial Markets in the Fourth Quarter of 1990. CBN Economic and Financial Review. 28(4), 11-14.