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Money And Credit Statistics (Million Naira)

  Year 2011
Month July August September
Broad Money (M2) 12,389,274.84 12,508,014.99 12,618,080.33
-- Narrow Money (M1) 5,868,318.06 5,871,231.72 6,002,260.13
---- Currency Outside Banks 1,040,301.63 1,061,092.08 1,011,756.22
---- Demand Deposits 4,828,016.43 4,810,139.64 4,990,503.92
-- Quasi Money 6,520,956.78 6,636,783.27 6,615,820.20
Net Foreign Assets (NFA) 7,506,030.43 6,976,366.33 6,669,766.05
Net Domestic Assets(NDA) 4,883,244.40 5,531,648.66 5,948,314.28
-- Net Domestic Credit (NDC) 8,122,612.45 9,970,901.90 9,962,529.39
---- Credit to Government (Net) -1,829,201.95 -913,324.49 -1,148,207.62
---- Memo: Credit to Govt. (Net) less FMA 1,412,784.15 1,864,156.11 1,870,408.15
---- Memo: Fed. and Mirror Accounts (FMA) -3,241,986.09 -2,777,480.60 -3,018,615.77
---- Credit to Private Sector (CPS) 9,951,814.40 10,884,226.39 11,110,737.01
--Other Assets Net -3,239,368.05 -4,439,253.24 -4,014,215.11
Reserve Money (Base Money) 2,169,931.58 1,842,515.11 1,908,239.37
--Currency in Circulation 1,344,152.29 1,380,266.48 1,342,358.03
--Banks Reserves 825,779.29 462,248.63 565,881.34
       
Data for the month of April 2013 are provisional.
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Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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