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Money And Credit Statistics (Million Naira)
  Year 2004
Month April May June
Broad Money (M2) 2,089,655.80 2,105,957.60 2,113,281.40
-- Narrow Money (M1) 1,178,469.00 1,187,078.60 1,214,834.90
---- Currency Outside Banks 385,537.60 374,784.60 373,071.80
---- Demand Deposits 792,931.40 812,294.00 841,763.10
-- Quasi Money 911,186.80 918,879.00 898,446.50
Net Foreign Assets (NFA) 1,657,649.20 1,731,163.60 1,936,613.00
Net Domestic Assets(NDA)
-- Net Domestic Credit (NDC) 1,966,783.50 2,004,161.10 1,847,585.30
---- Credit to Government (Net) 598,317.80 599,207.70 453,804.40
---- Memo: Credit to Govt. (Net) less FMA
---- Memo: Fed. and Mirror Accounts (FMA)
---- Credit to Private Sector (CPS) 1,368,465.70 1,404,953.40 1,393,780.90
--Other Assets Net
Reserve Money (Base Money) 657,222.60 633,283.70 654,479.90
--Currency in Circulation 461,326.20 454,376.10 456,306.80
--Banks Reserves 195,896.40 178,907.60 198,173.10
       
Data for the month of April 2013 are provisional.
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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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