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Balance of Payment Statistics (Million Naira) except otherwise indicated
  2007
Quarter
First
Second
Current Account Balance 876,062.84 1,241,448.55
Capital and Financial Account Balance -762,668.90 -1,231,150.39
Net Errors and Ommissions -3,576.51 -3,795.77
Overall Balance 109,817.96 6,502.15
Foreign Reserves (Million US$) 42,596.98 42,626.20
       
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Facts : 1/1/1900
London Club of Creditors:These are mainly uninsured and unguaranteed debts extended by commercial banks to nationals of debtor nations. Members of the club are commercial banks mainly in industrialized countries. The first London club meeting was held in 1976 to discuss re-payment and conclude re-structuring agreements.
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