Economic and Financial Review


Central Bank of Nigeria


Agriculture, Manufacturing, Export, Import, Price Index, Developments, Monetary Developments, External Trade, Money Supply, Nigeria


The general trend of industrial activity during the first half of 1966 could be said to have been upward. In the absence of other pertinent data, performance in the industrial sector is herein measured in terms of the rate of industrial fuel consumption, the movement of outstanding commercial bank loans and advances extended to manufacturing, and the distribution of imports by composition. During the first half of 1966, the movement of money supply was downward as in earlier years. An analysis of commercial bank loans and advances shows that general commerce exports, imports and domestic trade, including bills discounted claimed the largest share of outstanding loans during the first half of 1966.

Author Bio

The authors are staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Central Bank of Nigeria (1966). Developments in the First Half of 1966. CBN Economic and Financial Review. 4(2), 1-16.



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