Central Bank of Nigeria
Financial Markets, Nigeria, Fourth Quarter
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.
CBN Economic and Financial Review
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.