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Money And Credit Statistics (Million Naira)

*The values are provisional from December 2009

  Year 2008
Month July August September
Narrow Money (M1) 4,098,962.21 4,264,860.60 4,521,790.30
Broad Money (M2) 8,067,591.21 8,335,290.50 8,960,287.70
Net Foreign Assets (NFA) 8,032,523.50 8,461,171.70 8,523,481.00
Net Domestic Credit (NDC) 4,907,125.30 4,438,433.70 4,244,627.10
Credit to Government -2,433,993.00 -2,986,658.70 -3,230,039.30
Credit to Private Sector 7,341,118.30 7,425,092.40 7,474,666.40
Reserve Money (Base Money) 1,279,228.70 1,273,816.50 1,247,209.50
Currency in Circulation 936,858.50 948,262.70 976,362.30
Bank Reserves 342,370.21 325,553.80 270,847.20
Currency Outside Banks 705,084.41 727,003.60 756,786.00
Demand Deposits 3,393,877.80 3,537,857.00 3,765,004.30
Quasi Money 3,968,629.11 4,070,429.90 4,438,497.40
       
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Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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Related Links
Monthly Average Exchange Rates
Money Market Indicators
Inflation Rates
Balance of Payments Statistics
Crude Oil Price
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