Professional Documents
Culture Documents
A.1.2
A.1.3
A.1.3.1
A.1.3.2
A.1.4
A.2.1.1
A.2.1.2
A.2.2.1
A.2.2.2
A.2.3.1
A.2.3.2
A.2.4
A.2.5.1
A.2.5.2
A.2.5.3
A.2.6
A.2.7.1
A.2.7.2
A.2.8
A.3.1
A.3.2
A.3.3
A.3.4
A.3.5
A.3.6
A.3.7
A.4.1
A.4.2
A.4.2.1
A.4.3
A.4.4
A.4.5
A.4.6
A.4.7.1
A.4.7.2
A.4.7.3
A.5.1
A.6.1
A.6.2
A.6.3
A.6.4
A.6.5
A.7.1
MENU
Monetary Survey
Number of Deposit Money Banks Branches in Nigeria (by States) and Abroad
Claims on Other Private Sector: 9.7 11.6 12.2 12.9 14.1 18.3
By Central Bank 0.3 0.3 0.3 0.3 0.4 0.4
By Commercial Banks 8.8 10.5 10.8 11.3 12.3 15.6
By Merchant Banks2 0.6 0.9 1.1 1.2 1.5 2.3
TOTAL MONETARY LIABILITIES (M2) 16.2 18.1 20.9 23.4 26.3 27.4
Source : Central Bank of Nigeria
Note: 1excludes takings from discount houses
Universal Banking was adopted in 2001, hence Commercial & Merchant Banks became Deposit Money Banks (DMBs).
2
Universal Banking model lasted until end 2012; Non-Interest Banking came into operation in 2012 while Merchant Banks re-emerged in 2013.
1987 1988 1989 1990
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Claims on State and Local Govts: - 1.5 1.5 2.2 2.9 3.5
By Central Bank - 0.1 0.0 0.1 0.0 0.0
By Commercial Banks - 1.3 1.5 1.9 2.7 3.3
By Merchant Banks2 - 0.2 0.0 0.2 0.3 0.2
Claims on Other Private Sector: 42.1 76.1 91.2 145.1 204.9 255.6
By Central Bank 0.7 2.1 4.0 3.7 3.8 4.2
By Commercial Banks 30.5 52.3 62.1 110.0 161.4 198.4
By Merchant Banks2 10.8 21.8 25.2 31.4 39.8 52.9
TOTAL MONETARY LIABILITIES (M2) 87.5 129.1 198.5 266.9 318.8 370.3
Source : Central Bank of Nigeria
Note: 1excludes takings from discount houses
Universal Banking was adopted in 2001, hence Commercial & Merchant Banks became Deposit Money Banks (DMBs).
2
Universal Banking model lasted until end 2012; Non-Interest Banking came into operation in 2012 while Merchant Banks re-emerged in 2013.
1997 1998 1999 2000
8.8
n c y n
i Ci
c
r u a
l o
i
t n
15.2 16.2
By Commercial Banks 844.5 948.5 1,203.2 1,519.2 1,991.1
By Merchant Banks2 - - - - -
By Non Interest Banks2 - - - - -
Claims on State and Local Govts: 26.8 17.3 20.2 24.6 54.5
By Central Bank - - - - -
By Commercial Banks 26.8 17.3 20.2 24.6 54.5
By Merchant Banks2 - - - - -
By Non Interest Banks2 - - - - -
Claims on Non-Financial Public Enterprises: 1.1 0.2 0.2 1.9 2.4
By Central Bank 1.1 0.2 0.2 1.9 2.4
By Commercial Banks - - - - -
By Merchant Banks2 - - - - -
By Non Interest Banks2 - - - - -
Claims on Other Private Sector: 827.1 938.3 1,191.5 1,507.9 1,950.4
By Central Bank 9.4 7.1 8.6 13.3 13.8
By Commercial Banks 817.7 931.1 1,183.0 1,494.6 1,936.6
By Merchant Banks2 - - - - -
By Non Interest Banks2 - - - - -
Universal Banking model lasted until end 2012; Non-Interest Banking came into operation in 2012 while Merchant Banks re-emerged in 2013.
Provisional
4
2006 2007 2008 2009 2010 2011 2012
rged in 2013.
Table A.1.1: Monetary Survey (N' Billion)- Continued
2014 3
MONETARY ASSETS/LIABILITIES 2013
March June September December
FOREIGN ASSETS (NET) 8,658.6 6,609.1 7,673.1 7,578.8 6,954.2
By Central Bank 7,043.9 5,094.9 6,344.0 6,436.3 6,244.7
By Commercial Banks 1,611.7 1,505.2 1,317.9 1,147.2 712.6
By Merchant Banks 2
1.1 6.4 8.4 (8.9) (6.4)
By Non Interest Banks2 1.9 2.5 2.8 4.2 3.3
Universal Banking model lasted until end 2012; Non-Interest Banking came into operation in 2012 while Merchant Banks re-emerged in 2013.
3
Revised
4
Provisional / Effective March 2014, DMBs Numbers are in compliance with IFRS as reported in FinA stop gap.
2015 4
March June September December
6,787.8 5,951.5 5,083.1 5,653.3
6,157.0 5,796.0 5,242.6 5,545.3
640.6 159.9 (159.6) 125.4
(11.3) (5.9) (1.3) (18.8)
1.5 1.5 1.4 1.4
merged in 2013.
Return to Menu
Table A.1.2: Monetary Authorities' Analytical Accounts - Assets (N' Billion)
Item
1981 1982 1983 1984 1985 1986
FOREIGN ASSETS 2.4 1.0 0.8 1.2 1.6 3.6
Gold 0.4 0.0 0.1 0.1 0.0 0.0
IMF Gold Tranche - - - - - -
Foreign Currencies - - - - - -
Demand Deposits at Foreign Banks - - - - - -
Treasury Bills of Foreign Governments 1.9 1.0 0.7 1.1 1.6 3.6
SDR Holdings - - - - - -
Attached Assets - - - - - -
Regional Monetary Cooperation Funds - - - - - -
Other Foreign Assets 0.1 0.0 0.0 0.0 0.0 -
CLAIMS ON OTHER FINANCIAL INSTITUTIONS (OFI's) 0.3 0.3 0.3 0.3 0.4 0.4
Development Banks - - - - - -
Other Claims on OFI's: 0.3 0.3 0.3 0.3 0.4 0.4
Loans to OFI's1 - - - - - -
Investment in OFI's 0.3 0.3 0.3 0.3 0.4 0.4
Miscellaneous Claims on OFIs - - - - - -
Claims on Branches - - - - - -
Non-Monetary Precious Metals - - - - - -
Miscellanoues unclassified Assets - - - - - -
Other Miscellaneous Assets - - - - - -
Expenses - - - - - -
Head Office Expenses - - - - - -
Branch Expenses1 - - - - - -
Zonal Office Expenses - - - - - -
Unclassified Assets (Branch Position) - - - - - -
- - - - - - -
- - - - - 0.1 0.0
- - - - - 0.1 0.0
- - - - - 0.1 0.0
- - - - - 0.0 -
- - - - - - -
- - - - - 2.3 2.7
- - - - - 2.0 2.0
- - - - - 2.0 2.0
- - - - - 0.0 0.0
- - - - - 0.3 0.8
- - - - - 0.6 0.9
- - - - - 0.1 0.1
0.5 0.6 0.6 0.7 0.7 0.9 1.1
- - - - - 0.0 1.4
- - - - - 5.8 3.5
- - - - - - -
- - - - - 1.2 0.7
- - - - - 1.2 0.7
- - - - - 1.0 0.8
- - - - - 0.4 0.8
- - - - - 0.6 0.0
- - - - - - -
- - - - - 2.9 4.0
Item
1994 1995 1996 1997 1998
FOREIGN ASSETS 33.8 42.3 181.4 179.2 161.4
Gold 0.0 0.0 0.0 0.0 0.0
IMF Gold Tranche - - - - -
Foreign Currencies 0.4 0.9 0.6 5.5 12.1
Demand Deposits at Foreign Banks 27.7 35.6 163.5 166.7 143.7
Claims on Federal Government (Branch Position) 50.4 69.7 60.0 102.2 144.8
CLAIMS ON STATE AND LOCAL GOVERNMENT 0.1 0.0 0.0 0.0 0.0
Overdrafts to States & Local Governments: 0.1 0.0 0.0 - -
Overdrafts to State Governments 0.1 0.0 0.0 - -
Overdrafts to Local Governments - - - - -
Claims on State & Local Govt.(Branch Position) - - - 0.0 0.0
CLAIMS ON OTHER FINANCIAL INSTITUTIONS (OFI's) 2.9 3.2 3.3 5.9 4.6
Development Banks 0.6 0.6 0.6 0.6 0.7
Other Claims on OFI's: 2.4 2.6 2.7 5.3 3.9
0.0 0.0 - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0 0.0 - - - - -
Item
2006 2007 2008 2009
FOREIGN ASSETS 5,617.3 6,570.3 7,341.5 6,547.8
Gold 0.0 0.0 0.0 0.0
IMF Gold Tranche 0.0 0.0 0.0 0.0
Foreign Currencies 304.9 681.8 2,045.9 74.5
Demand Deposits at Foreign Banks 5,220.2 5,816.4 5,282.2 6,031.9
Of which: Domicillary Accounts - 587.1 393.5 568.2
Treasury Bills of Foreign Governments 92.0 71.9 13.1 88.9
SDR Holdings 0.1 0.1 0.2 352.5
Attached Assets - - - -
Regional Monetary Cooperation Funds - - - -
Other Foreign Assets - - - -
664.8 680.6 733.4 678.1 1,588.5 541.8 594.1 922.4 1,263.7 1,527.4
307.7 138.8 224.8 56.0 55.7 39.2 37.3 48.8 137.4 173.9
304.1 69.8 215.2 38.4 26.5 36.4 35.0 21.4 52.2 21.4
3.7 69.0 9.6 17.6 29.2 2.8 2.2 27.5 85.1 152.5
297.0 276.2 338.3 347.7 209.1 268.2 250.5 246.7 474.8 667.3
296.8 274.7 336.7 346.3 207.6 266.6 248.9 246.7 474.8 667.3
0.1 1.5 1.6 1.5 1.5 1.6 1.6 0.0 0.0 0.0
- - - - - - - - - -
- - 134.8 239.1 276.2 200.0 271.4 592.0 550.4 648.3
- - - - - - - - - -
- - 134.8 239.1 276.2 200.0 271.4 592.0 550.4 648.3
0.0 0.0 0.0 0.0 - - - - - -
0.0 0.0 0.0 0.0 - - - - - -
0.0 0.0 - 0.0 - - - - - -
- - 0.0 - - - - - - -
- - - - - - - - - -
60.1 265.6 33.1 35.2 34.5 34.4 34.8 34.9 35.1 35.2
- - 2.3 0.0 1,013.1 0.0 0.1 0.0 65.9 2.7
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
40.5 29.7 29.3 5.5 5.2 5.6 6.0 5.9 7.0 9.2
765.5 793.0 1,052.6 806.5 2,448.0 993.9 986.7 774.2 825.2 1,400.1
735.9 708.1 773.5 792.0 2,291.1 770.5 769.8 774.2 825.2 1,400.1
- - - - - - - - - -
29.6 84.9 279.1 10.9 156.9 223.4 216.9 - - -
- - - 3.7 - - - - - -
591.7 4,539.5 4,679.0 4,570.3 4,607.2 4,673.2 4,668.3 4,828.4 4,886.4 5,032.8
- - - - - - - - - -
591.7 4,539.5 4,679.0 4,570.3 4,607.2 4,673.2 4,668.3 4,828.4 4,886.4 5,032.8
- 3,476.8 3,596.4 3,818.8 3,818.8 4,024.8 4,025.7 4,028.0 4,028.0 4,147.8
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
1,294.0 4,878.1 6,790.9 1,929.9 1,244.5 1,543.5 1,776.8 1,782.1 1,356.0 1,641.3
402.7 433.7 421.9 412.0 412.0 421.7 421.7 421.7 421.7 484.5
402.7 433.7 421.9 412.0 412.0 421.7 421.7 421.7 421.7 484.5
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
12.5 11.7 658.3 924.2 162.0 514.7 675.6 743.7 208.3 405.6
- - - - - - - - - -
12.5 11.7 658.3 924.2 162.0 514.7 648.8 743.7 208.3 405.6
- - - - - - - - - -
7.0 46.3 52.7 31.0 108.8 24.8 82.7 32.6 32.6 8.0
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 26.8 - - -
- - - - - - - - - -
529.6 3,920.5 5,176.4 0.0 2.8 2.2 3.8 2.5 45.9 3.4
238.3 297.4 348.7 402.2 412.0 430.9 440.8 449.9 470.8 491.5
56.2 168.5 132.9 160.5 146.7 149.1 152.3 131.6 176.8 248.3
56.2 168.5 132.9 160.5 146.7 149.1 152.3 131.6 176.8 248.3
- - - - - - - - - -
11.9 20.9 28.5 28.3 28.3 28.3 28.3 28.3 28.3 28.3
37.1 42.5 42.9 47.7 47.9 47.9 47.9 47.7 47.7 47.7
47.6 - - - - - - - - -
47.6 - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - -
8,767.7 16,750.7 20,680.5 15,062.6 16,046.4 14,505.8 14,491.8 14,583.4 14,613.7 17,308.5
2015 3
September December
5,576.3 5,624.7
0.0 0.0
0.0 0.0
15.7 56.5
5,097.9 5,111.2
- -
0.8 0.4
461.9 456.5
- -
- -
- -
1,581.5 2,514.0
108.3 100.7
21.4 94.6
86.9 6.1
637.6 612.6
637.6 612.6
0.0 0.0
- -
792.9 1,759.7
- 856.3
792.9 903.4
- -
- -
- -
- -
- -
40.4 37.8
2.3 3.2
- -
- -
- -
- -
- -
- -
192.9 25.6
192.9 25.6
192.9 25.6
- -
- -
10.1 11.0
1,146.5 1,225.2
1,146.5 1,225.2
- -
- -
- -
5,072.2 5,025.0
- -
5,072.2 5,025.0
4,188.9 4,136.6
- -
- -
- -
1,934.0 2,066.8
484.5 484.5
484.5 484.5
- -
- -
- -
- -
- -
- -
- -
- -
624.9 895.7
- -
624.9 895.7
- -
99.4 1.1
- -
- -
- -
- -
- -
1.6 1.8
512.2 531.1
211.4 152.6
211.4 152.6
- -
28.3 28.3
47.8 47.8
- -
- -
- -
- -
- -
15,513.5 16,492.3
Return to Menu
Table A.1.3: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
Item1
1981 1982
RESERVE MONEY 5.0 5.8
Currency in Circulation 4.3 4.7
Head Office - -
Branches - -
Deposit Money Banks' Deposits: 0.7 1.1
Commercial Banks 0.7 1.1
Commercial Banks Demand deposits - -
Commercial Banks Special deposits - -
Commercial Banks Required Reserves - -
Merchant Banks - -
Merchant Banks Demand deposits - -
Merchant Banks Special deposits - -
Merchant Banks Required Reserves - -
Other Deposits Of DMBs - -
DMBs' deposits (branch position) - -
Private Sector Deposits 1.2 0.9
Non-Financial Public Enterprises (Parastatals): 1.0 0.8
Federal Government Parastatals - -
Private Sector Corporations Deposit - -
State and Local Government Deposits and Parastatals 0.1 0.0
State Government Parastatals - -
State Government Deposits - -
Local Government Deposits - -
Other Financial Institutions Deposits - -
Development Banks - -
Other Financial Institutions - -
Private Sector deposits (branch position) - -
Liabilities to IMF - -
IMF Account Adjustments - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.6
- - - - - - - -
0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.6
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
5.8 4.9 4.8 14.4 14.4 40.2 43.6 69.8
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
14.6 14.3 15.7 26.7 33.2 61.5 87.7 133.4
Table A.1.3: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
Item 1991
RESERVE MONEY 29.9
Currency in Circulation 25.3
Head Office -
Branches -
Deposit Money Banks' Deposits: 4.5
Commercial Banks 4.5
Commercial Banks Demand deposits -
Commercial Banks Special deposits -
Commercial Banks Required Reserves -
Merchant Banks -
Merchant Banks Demand deposits -
Merchant Banks Special deposits -
Merchant Banks Required Reserves -
Other Deposits Of DMBs -
DMBs' deposits (branch position) -
Private Sector Deposits 4.9
Non-Financial Public Enterprises (Parastatals): 3.5
Federal Government Parastatals -
Private Sector Corporations Deposit -
State and Local Government Deposits and Parastatals 1.4
State Government Parastatals -
State Government Deposits -
Local Government Deposits -
Other Financial Institutions Deposits -
Development Banks -
Other Financial Institutions -
Private Sector deposits (branch position) -
Liabilities to IMF -
IMF Account Adjustments -
- - - - - - - -
- - - - - - - -
- - - - - - - -
269.7 356.4 468.9 652.8 644.4 822.3 837.8 1,367.8
2000
354.7
234.2
230.5
3.8
120.4
74.4
3.3
0.0
71.1
0.7
0.6
0.0
0.2
0.0
45.2
11.6
9.0
9.0
0.0
0.0
0.0
0.0
0.0
1.9
0.1
1.8
0.7
0.1
0.0
-
0.0
-
-
0.0
0.0
0.1
120.3
120.3
120.3
856.0
706.9
14.1
0.0
-
1.7
133.2
195.5
0.5
20.7
39.5
-
134.8
134.8
-
323.8
0.3
0.0
79.2
201.8
1.1
36.8
36.8
4.6
-
-
-
1,861.9
Table A.1.3: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
Item1 2001
147.4 5.9 - - - - -
70.6 353.2 553.4 710.1 320.0 261.6 602.5
3.0 3.0 3.0 3.0 5.0 5.0 5.0
40.5 40.5 46.2 46.2 45.5 50.7 60.9
- 31.0 41.1 63.4 95.2 101.8 110.9
27.1 - - - - - -
- 278.7 463.1 597.6 174.2 104.1 425.7
- 278.7 463.1 597.6 - 33.2 362.5
- - - - 174.2 70.9 63.1
308.4 194.6 1,229.0 2,267.6 5,145.4 2,990.2 2,498.7
4.2 2.3 1.1 349.5 499.8 579.1 1,190.2
1.2 - 0.1 - - 322.6 5.2
50.2 108.8 3.3 12.3 1,292.1 52.2 92.4
- - - - 3,008.2 54.1 153.2
252.1 307.3 337.0 382.9 326.7 334.6 328.5
- - - - - 1.7 1.1
- - - - 1.1 29.0 29.0
0.4 50.5 212.3 543.7 17.4 1,616.8 699.1
0.4 50.5 212.3 543.7 17.4 1,616.8 699.1
0.3 4.2 - - - - -
- - - - - 22.8 15.2
- - - - - 1.4 34.9
- 28.8 675.1 979.2 - - -
- 13.2 312.6 516.0 - - -
- 15.6 362.5 463.2 - - -
1,710.0 1,864.4 3,402.3 4,406.7 10,034.5 8,689.0 10,204.0
Table A.1.3: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
Item1 2009
- - - - -
- - - - -
- - - - -
0.7 2.3
0.6 2.3
0.7 1.4
0.7 4.3
0.5 4.2
0.7 4.2
1.0 4.3
1.1 4.7
1.3 4.6
0.7 4.6
0.5 4.9
0.8 5.3
1.0 5.2
0.8 4.0
0.9 5.1
0.6 5.3
0.9 4.9
0.9 4.8
0.8 4.9
0.3 5.4
0.6 5.3
0.6 5.2
0.6 5.3
Reserves CIC
1.0 5.7
0.8 5.3
0.7 5.3
1.0 5.6
1.6 6.9
1.1 7.0
1.1 7.5
0.9 8.2
1.5 10.2
1.3 10.8
1.5 11.2
0.7 11.6
1.1 10.7
1.2 11.8
1.7 12.6
1.6 13.0
2.1 16.2
2.8 16.7
0.9 17.8
5.5 19.4
4.5 25.3
Reserves CIC
2.6 24.9
3.0 27.7
4.2 31.8
31.6 39.7
45.1 42.9
46.4 47.9
46.6 55.4
42.0 62.6
81.7 57.9
58.8 59.8
54.8 72.2
42.1 96.2
49.8 91.1
59.4 93.6
81.3 95.3
53.8 113.9
59.1 106.9
62.5 108.3
55.7 110.8
52.5 126.0
41.1 119.3
40.3 118.7
41.1 122.9
45.3 144.8
Reserves CIC
42.6 137.7
46.6 141.7
51.3 143.9
44.5 172.4
64.2 170.9
73.2 169.9
65.3 165.9
74.9 208.6
88.6 197.8
96.1 204.0
120.4 234.2
97.4 310.5
136.7 320.3
133.6 340.9
150.6 344.2
142.4 403.5
273.0 371.1
241.9 354.4
256.8 372.0
128.4 463.2
Reserves CIC
175.7 435.1
208.7 445.2
207.6 434.6
186.4 502.3
168.5 466.5
198.2 456.3
192.5 458.0
186.5 545.8
223.8 512.8
253.0 494.9
295.2 513.4
120.4 642.4
165.2 563.7
194.8 602.8
200.8 615.1
195.6 779.3
113.8 727.4
143.3 715.0
245.0 722.3
234.5 960.8
308.2 891.8
599.5 918.3
270.8 976.4
393.8 1,155.3
Reserves CIC
346.3 1,037.8
284.9 1,006.6
230.1 1,031.9
472.3 1,181.5
724.4 1,086.5
471.5 1,063.6
218.9 1,125.4
467.6 1,378.1
289.5 1,416.4
711.1 1,354.0
565.9 1,342.4
1,218.0 1,566.0
1,094.8 1,432.8
1,148.2 1,363.7
1,769.0 1,348.8
2,072.8 1,631.7
2,403.0 1,508.5
1,810.6 1,425.5
3,175.9 1,474.0
3,313.8 1,776.4
3,091.8 1,574.0
3,289.6 1,496.7
3,395.1 1,547.9
4,133.0 1,798.0
Reserves CIC
4,088.8 1,818.4
4,383.4 1,562.3
4,150.8 1,637.5
3,954.8Money,
Governments, RM = Reserve 1,857.9
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Table A.1.3.2: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 1985 1986 1987 1988 1989 1990 1991 1992 1993
M2
Actual 12.44 4.23 22.92 34.99 3.54 45.92 27.43 47.53 53.76
Target * * * * * * 19.80 26.80 18.00
M1
Actual 11.05 -2.29 12.06 46.31 18.16 49.06 27.88 51.72 56.32
Target 6.50 7.80 11.80 15.00 14.60 13.00 14.60 24.30 20.00
NDC
Actual 7.63 9.83 16.62 24.18 -32.49 57.30 40.36 109.38 64.08
Target 7.20 8.70 4.40 8.10 9.50 13.50 10.60 13.20 17.50
NCG
Actual 6.27 -3.80 13.79 31.88 -74.91 209.40 74.01 129.93 103.23
Target 7.10 5.90 1.50 2.50 8.30 10.90 0.00 7.70 14.50
CPS
Actual 9.64 29.43 19.63 16.35 16.38 19.54 18.74 90.02 19.47
Target 7.40 12.80 8.40 13.30 10.70 15.80 16.40 17.70 20.00
Real GDP1
Actual 8.52 1.90 0.17 6.23 6.66 11.63 -0.55 2.19 1.57
Target 1.00 ** ** ** ** ** 8.30 4.50 3.50
Inflation
Actual 1.0 13.7 9.7 61.2 44.7 3.6 23.0 48.8 61.3
Target 30.00 *** *** *** *** *** 13.00 5.00 25.00
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 1Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
Revised
3
Provisional / Effective March 2014, DMBs Numbers are in compliance with IFRS as reported in FinA stop gap.
*Quantitative target for M2 is not specified.
**Policy statement is specified as stimulate growth in the productive sectors
***Policy statement is specified as significantly reduce/moderate the rate of inflation
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Table A.1.3.2: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 1994 1995 1996 1997 1998 1999
M2
Actual 34.50 19.41 16.18 16.04 22.32 33.12
Target 14.80 10.10 16.80 15.00 15.60 10.00
M1
Actual 42.64 18.90 12.93 18.09 18.60 23.39
Target 21.40 9.40 14.50 13.50 10.20 4.10
NDC
Actual 56.44 8.03 -21.77 -1.40 40.07 23.32
Target 9.40 11.30 12.00 24.80 24.50 18.30
NCG
Actual 55.60 -8.72 -58.00 -58.03 201.81 26.36
Target 0.00 5.60 0.00 0.00 0.00 10.20
CPS
Actual 58.07 39.97 23.30 22.60 16.61 22.18
Target 32.20 21.90 29.50 45.40 33.90 19.90
Real GDP1
Actual 0.26 1.87 4.05 2.89 2.50 0.52
Target ** 4.00 5.00 5.50 4.00 3.00
Inflation
Actual 76.8 51.6 14.3 10.2 11.9 0.2
Target *** 15.00 30.00 15.00 9.00 9.0
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 1Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
Revised
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Table A.1.3.2: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 2000 2001 2002 2003 2004 2005 2006 2007 2008
M2
Actual 48.07 27.00 21.55 24.11 14.02 24.35 43.09 44.24 57.78
Target 14.60 12.20 15.30 15.00 16.00 15.00 27.00 24.10 35.00
M1
Actual 62.24 28.06 15.86 29.52 8.58 29.66 32.18 36.64 55.87
Target 9.80 4.30 12.40 13.80 13.40 11.40 - - -
NDC
Actual -25.32 79.87 56.59 35.70 11.99 14.51 -69.12 279.44 84.20
Target 27.80 15.80 57.90 25.70 22.50 22.50 -72.30 -29.90 19.80
NCG
Actual -170.13 95.16 6,320.55 58.43 -17.94 -36.99 -732.74 -22.30 -31.21
Target 37.80 2.60 96.60 -150.30 29.90 -10.90 - - -54.57
CPS
Actual 30.93 43.46 11.79 26.81 26.61 30.82 32.06 91.62 59.49
Target 21.90 22.80 34.90 32.30 22.00 22.00 30.00 30.00 36.10
Real GDP1
Actual 5.52 6.67 14.60 9.50 10.44 7.01 6.73 7.32 7.20
Target 3.00 5.00 5.00 5.00 5.00 5.00 7.00 10.00 10.00
Inflation
Actual 14.5 16.5 12.2 23.8 10.0 11.6 8.5 6.6 15.1
Target 9.0 7.0 9.3 9.0 10.0 10.0 9.0 9.0 9.0
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 1Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
Revised
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Table A.1.3.2: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 2009 2010 2011 2 2012 2 2013 2 2014 3 2015 3
M2
Actual 17.60 6.91 15.43 16.39 1.32 7.20 5.90
Target 20.80 29.25 13.75 24.64 15.20 14.52 15.24
M1
Actual 3.29 11.05 21.54 9.59 -5.23 -11.10 24.14
Target 32.20 22.40 - - - - -
NDC
Actual 59.88 8.09 54.76 -3.46 14.47 13.73 12.13
Target 87.00 55.50 27.69 52.17 23.58 28.50 29.30
NCG
Actual 25.92 43.49 22.60 -138.04 32.50 1.89 151.56
Target 21.90 51.36 29.29 61.47 44.22 58.54 36.05
CPS
Actual 26.80 -3.81 44.28 6.83 6.86 12.13 3.29
Target 45.00 31.54 23.34 47.50 17.52 15.85 26.06
Real GDP1
Actual 8.35 9.54 5.31 4.21 5.49 6.22 2.79
Target 8.90 6.10 7.40 7.30 6.44 7.02 7.24
Inflation
Actual 13.9 11.8 10.3 12.0 7.96 7.98 9.55
Target 8.2 11.2 12.0 9.5 9.87 7.50 8.00
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 1Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
Revised
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Table A.1.4: Consolidated Bankers' Clearing House Statistics
Number of Number of Amount Daily Average
Working Cheques (N' Billion)
Period Days Cleared No. of Amount
Cheques (N' Billion)
1981 244 2,561,607 19.4 10,520 0.08
1982 245 2,403,235 20.3 9,817 0.08
1983 247 2,164,534 18.7 8,757 0.08
1984 248 2,614,286 16.3 10,552 0.07
1985 247 2,803,920 13.8 11,339 0.06
1986 248 3,535,360 25.0 14,254 0.10
1987 246 4,951,035 26.7 20,110 0.11
1988 244 4,900,697 56.2 20,126 0.23
1989 247 4,682,186 54.8 18,963 0.22
1990 245 5,066,202 57.8 20,689 0.24
1991 245 5,652,178 124.9 23,097 0.51
1992 247 7,358,580 170.2 29,742 0.69
1993 225 5,151,561 205.4 22,882 0.91
1994 248 4,910,565 310.2 19,840 1.25
1995 247 4,826,155 466.6 19,520 1.89
1996 250 4,050,401 406.3 16,226 1.63
1997 250 3,665,107 391.9 14,660 1.57
1998 249 7,754,672 1,198.6 31,112 4.81
1999 250 8,620,745 1,413.1 34,516 5.66
2000 249 10,297,889 2,095.5 41,377 8.42
2001 251 10,193,442 2,256.4 40,631 8.99
2002 252 5,339,419 2,325.7 21,188 9.23
2003 248 12,526,643 8,928.4 50,511 36.00
2004 256 13,997,898 10,996.0 54,679 42.95
2005 1 248 14,638,511 13,915.4 59,026 56.11
2006 247 14,927,414 16,492.1 60,435 66.77
2007 246 19,895,613 28,111.2 80,876 114.27
2008 251 30,172,925 43,357.4 120,211 172.74
2009 251 29,159,780 29,391.0 116,174 117.10
2010 251 33,973,919 19,675.5 135,354 78.39
2011 249 37,718,585 22,302.6 151,480 89.57
2012 248 12,045,833 7,461.6 48,572 30.09
2013 248 14,145,839 7,674.9 57,040 30.95
2014 248 15,365,565 7,269.1 61,958 29.31
Q1 62 3,513,788 1,894.1 56,674 30.55
Q2 61 3,630,552 1,816.6 59,517 29.78
Q3 64 4,390,807 1,802.3 68,606 28.16
Q4 61 3,830,418 1,756.2 62,794 28.79
2015 247 13,466,461 6,195.5 54,520 25.08
Q1 62 3,252,015 1,654.3 52,452 26.68
Q2 61 3,155,492 1,540.4 51,729 25.25
Q3 62 3,657,313 1,499.0 58,989 24.18
Q4 62 3,401,641 1,501.8 54,865 24.22
Source: Central Bank of Nigeria
Notes:
Clearing House activities commenced in 1965
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Table A.2.1.1: Commercial Banks' Statement of Assets/Liabilities - Assets (N' Billion)
Shortfall/excess credit/others - - - - - - -
CLAIMS ON CENTRAL GOVERNMENT 1.8 2.8 5.1 8.7 10.3 4.4 7.6
Treasury Bills 0.9 2.2 4.4 7.3 8.0 3.1 5.3
Treasury Certificates 0.9 0.6 0.8 1.4 2.3 1.4 2.3
Development Stocks - - - - - - -
Loans & Advances to Central Government - - - - - - -
Bankers Unit Fund - - - - - - -
CLAIMS ON OTHER PRIVATE SECTOR 8.8 10.5 10.8 11.3 12.3 15.6 17.7
Loans & Advances to Other Customers 8.2 9.9 10.3 10.8 11.7 14.8 16.5
Loans & Advances to Nigeria Banks Subsidiaries - 0.0 - - - - -
Bills Discounted from non-bank sources - - - - - - -
Investments: 0.6 0.6 0.6 0.5 0.6 0.8 1.1
Ordinary Shares - - - - - - -
Preference Shares - - - - - - -
Debentures - - - - - - -
Subsidiaries - - - - - - -
Other investments 0.6 0.6 0.6 0.5 0.6 0.8 1.1
Commercial papers - - - - - - -
Bankers Acceptances - - - - - - -
Factored Debt - - - - - - -
Advances under Lease - - - - - - -
Note: Following the adoption of Universal Banking in Nigeria, commercial and merchant banks figures were merged from 2001
1988 1989 1990 1991 1992 1993 1994
2.2 2.1 4.8 13.7 27.1 40.2 47.1
0.8 1.0 1.3 2.2 2.9 4.7 5.5
1.4 1.1 3.5 11.5 24.2 35.5 41.6
- - - - 3.3 6.7 8.4
1.4 1.1 2.5 5.0 6.1 3.5 11.5
- - 1.0 6.6 14.7 25.3 21.7
- - - - - - -
- - - - - - -
CLAIMS ON CENTRAL GOVERNMENT 20.8 47.5 39.6 49.1 188.6 278.1 208.3
Treasury Bills 17.7 46.8 37.9 47.2 186.1 275.8 199.3
Treasury Certificates 0.3 0.0 0.0 - 0.4 - -
Development Stocks 2.5 0.5 1.5 1.6 1.6 1.6 3.7
Loans & Advances to Central Government 0.2 0.3 0.2 0.3 0.4 0.8 5.3
Bankers Unit Fund - - - - - - -
CLAIMS ON STATE & LOCAL GOVERNMENT 2.7 3.3 2.4 0.8 2.1 7.5 26.8
Loans & Advances to State Government 2.4 3.0 2.1 0.7 1.7 6.9 24.9
Loans & Advances to Local Government 0.2 0.3 0.3 0.2 0.4 0.6 1.9
CLAIMS ON OTHER PRIVATE SECTOR 141.7 171.6 238.2 271.7 350.6 480.0 817.7
Loans & Advances to Other Customers 122.8 153.2 214.8 244.7 311.7 429.3 714.5
Loans & Advances to Nigeria Banks Subsidiaries - 0.1 0.0 - - - -
Bills Discounted from non-bank sources 0.5 0.0 0.1 0.3 0.2 0.0 0.1
Investments: 2.2 2.5 3.5 4.2 5.2 7.9 15.9
Ordinary Shares 0.0 0.4 0.5 1.0 0.8 2.7 6.5
Preference Shares 0.6 0.1 0.1 0.1 2.0 0.0 0.1
Debentures 0.4 0.2 0.9 0.9 0.1 1.1 1.5
Subsidiaries 0.2 0.4 0.4 1.7 1.4 1.6 2.2
Other investments 1.0 1.3 1.5 0.6 1.0 2.5 5.7
Commercial papers 7.8 2.3 10.6 5.2 17.8 16.0 35.3
Bankers Acceptances 6.8 12.0 7.2 12.7 8.5 24.7 30.8
Factored Debt 0.0 - - - - - -
Advances under Lease 1.6 1.6 2.1 4.7 7.2 2.0 21.1
Note: Following the adoption of Universal Banking in Nigeria, commercial and merchant banks figures were merged from 2001
2002 2003 2004 2005 2006 2007 2008
321.5 362.4 364.2 515.2 670.5 659.6 910.7
76.2 90.1 87.2 79.2 128.3 222.9 262.7
245.3 272.3 186.5 120.4 542.2 436.7 648.0
139.7 152.3 158.0 101.1 206.5 148.1 150.7
105.3 120.0 28.5 19.3 307.5 254.0 453.8
- - - - - 7.5 3.4
0.3 - - - 10.6 5.6 0.0
- - (90.5) (315.7) 17.5 21.6 40.1
- - - - - - -
CLAIMS ON STATE & LOCAL GOVERNMENT 310.3 369.8 513.2 665.9 776.7
Loans & Advances to State Government 292.0 354.5 497.8 655.0 757.7
Loans & Advances to Local Government 18.3 15.3 15.4 10.9 19.0
CLAIMS ON STATE & LOCAL GOVERNMENT 577.9 486.9 484.5 536.4 543.2 471.4
Loans & Advances to State Government 570.0 477.1 472.7 530.3 537.7 463.8
Loans & Advances to Local Government 8.0 9.8 11.7 6.0 5.5 7.6
State Bonds - - - - - -
Local Govt. Bond - - - - - -
654.8 624.0
- -
654.8 624.0
- -
1,466.8 1,566.6
144.3 78.9
1,322.5 1,487.7
1,297.6 1,491.8
22.6 (6.3)
2.3 2.2
- -
4,253.0 4,524.1
2,372.0 2,480.3
- -
1,866.0 2,035.9
15.0 7.8
- -
397.0 583.8
392.4 580.6
4.6 3.3
- -
- -
12,965.9 12,984.7
11,783.5 11,583.1
0.0 0.0
0.6 1.7
1,025.2 1,223.2
16.0 18.6
291.3 304.0
158.8 154.5
32.7 34.8
307.5 310.8
- -
218.9 400.4
4.9 6.3
6.7 28.4
- -
145.1 142.0
39.5 25.1
39.5 25.1
3,725.6 3,367.1
1,425.1 1,441.7
4.0 5.9
609.0 459.4
- -
146.4 43.8
364.1 304.2
86.3 99.1
8.1 10.9
4.0 1.4
- -
63.7 75.7
14.5 9.7
1,609.2 1,374.7
790.3 757.7
215.3 137.5
183.7 78.7
228.1 236.2
116.6 113.9
2.2 2.2
17.4 8.0
55.7 40.5
- -
- -
28,113.9 28,117.6
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Tables A.2.1.2: Commercial Banks' Statement of Assets/Liabilities - Liabilities (N' Billion)
TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS 5.8 6.8 8.1 9.4 10.6 11.5 15.1 18.4
Time Deposits: 3.8 4.5 5.2 6.0 6.9 7.2 9.9 11.3
Private Sector Deposits 3.8 4.5 5.2 6.0 6.9 7.2 9.9 11.3
State Government Deposits - - - - - - - -
Local Government Deposits - - - - - - - -
Savings Deposits: 2.0 2.3 2.9 3.4 3.7 4.3 5.2 7.1
Private Sector Deposits 2.0 2.3 2.9 3.4 3.7 4.3 5.2 7.1
State Government Deposits - - - - - - - -
Local Government Deposits - - - - - - - -
Foreign Currency Deposits: - - - - - - - -
Domiciliary Accounts - - - - - - - -
Other Deposits: - - - - - - - -
MONEY MARKET INSTRUMENTS: 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1
Certificate of Deposit Issued 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1
Notes & Deposit (Cash) certificates - - - - - - - -
BONDS - - - - - - - -
Debentures - - - - - - - -
Notes & Deposit (Cash) certificates - - - - - - - -
FOREIGN LIABILITIES: 0.1 0.2 0.3 0.1 0.3 0.8 0.9 0.3
Balance Held for offices and branches Abroad 0.0 0.0 0.0 0.0 0.1 0.4 0.2 0.2
Balance held for banks outside Nigeria 0.1 0.2 0.3 0.1 0.1 0.4 0.6 0.1
Money at call with foreign banks - - - - 0.0 - - -
Loans & Advances from other banks outside Nigeria - - - - 0.0 0.0 - -
CAPITAL ACCOUNTS: 0.5 0.7 0.8 1.0 1.1 1.3 1.5 1.9
Capital 0.5 0.7 0.8 1.0 1.1 1.3 1.5 1.9
Reserve Fund - - - - - - - -
Reserves for Depreciation & non-performing assets - - - - - - - -
Loans & Advances from Federal and State Govt - - - - - - - -
Total loans /lease loss provision - - - - - - - -
UNCLASSIFIED LIABILITIES: 8.2 9.6 11.5 13.2 13.0 19.4 24.2 26.5
Inter-bank liabilities 0.3 0.3 0.3 0.5 0.2 0.4 1.2 1.2
Balances held for banks in Nigeria 0.1 0.1 0.1 0.2 0.1 0.2 0.5 0.6
Money at call from banks in Nigeria 0.1 0.1 0.1 0.3 0.1 0.2 0.4 0.5
Inter-bank takings - - - - - - - -
Uncleared effects - - - - - - - -
Loans & Advances from other banks in Nigeria - - - - 0.0 0.0 0.0 0.0
Bankers payments - - - - - - - -
Loans & Advances from Other creditors 0.1 0.1 0.1 - 0.1 0.1 0.2 0.1
Letters of Credit - - - - - - - -
Takings from Discount Houses - - - - - - - -
Other Liabilities: 7.8 9.3 11.3 12.7 12.8 18.9 23.0 25.3
Accounts Payables - - - - - - - -
Suspense Account - - - - - - - -
Provision for Tax Payments - - - - - - - -
Sundry Creditors - - - - - - - -
Forex Awaiting Cover - - - - - - - -
Exchange Differential - - - - - - - -
Provision for Bad Debt - - - - - - - -
FEM - - - - - - - -
Miscellaneous 7.8 9.3 11.3 12.7 12.8 18.9 23.0 25.3
TOTAL LIABILITIES: 19.5 22.7 26.7 30.1 32.0 39.7 49.8 58.0
Source: Computed from Deposit Money Banks' Returns
Note: Following the adoption of Universal Banking in Nigeria, commercial and merchant banks figures were merged from 2001
1989 1990 1991 1992 1993 1994
10.2 15.6 22.0 33.3 49.9 65.3
10.2 15.6 22.0 31.1 48.2 63.5
- - - 1.3 0.9 1.1
- - - 0.9 0.8 0.7
TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS 99.5 118.5 141.7 172.1 274.2 357.1 499.2
Time Deposits: 30.0 44.0 52.1 61.3 110.8 154.4 235.5
Private Sector Deposits 29.0 43.3 50.8 58.7 107.3 145.9 230.8
State Government Deposits 0.8 0.6 1.1 2.5 2.5 7.5 3.7
Local Government Deposits 0.2 0.1 0.2 0.1 1.0 1.0 1.0
Savings Deposits: 62.1 68.8 84.1 101.4 128.4 164.6 216.5
Private Sector Deposits 61.3 68.5 83.9 100.9 127.8 164.0 216.3
State Government Deposits 0.7 0.2 0.2 0.4 0.3 0.4 0.2
Local Government Deposits 0.1 0.1 0.1 0.1 0.3 0.3 0.1
Foreign Currency Deposits: 7.4 5.7 5.5 9.4 35.1 38.1 47.2
Domiciliary Accounts 7.4 5.7 5.5 9.4 35.1 38.1 47.2
Other Deposits: - - - - - - -
MONEY MARKET INSTRUMENTS: 0.0 0.5 0.0 0.0 0.1 0.6 26.0
Certificate of Deposit Issued 0.0 0.5 0.0 0.0 0.1 0.6 0.6
Notes & Deposit (Cash) certificates - - - - - - 25.4
CENTRAL GOVERNMENT DEPOSITS 3.4 6.0 10.2 12.7 40.4 73.8 28.3
Federal Government Time Deposits 0.7 2.0 3.8 6.0 2.3 18.0 5.2
Federal Government Demand Deposits 2.2 3.4 5.2 6.3 37.9 49.7 22.0
Federal Government Savings Deposits 0.6 0.5 1.2 0.3 0.2 6.1 1.1
CREDIT FROM CENTRAL BANK 13.1 15.2 15.2 8.6 5.9 4.9 40.7
Loans & Advances from CBN 0.0 - 2.3 2.3 2.6 2.1 14.5
CBN Overdrafts to banks 13.1 15.2 12.9 6.3 3.3 2.8 26.2
TIME, SAVINGS AND FOREIGN CURRENCY DEPOSITS 5,763.5 5,954.3 6,531.9 8,062.1 8,606.6
Time Deposits: 3,147.3 2,858.8 2,705.0 3,317.3 2,839.4
Private Sector Deposits 3,074.2 2,753.4 1,299.7 3,277.2 2,797.1
State Government Deposits 69.8 101.4 1,402.3 38.4 35.7
Local Government Deposits 3.3 3.9 3.0 1.7 6.6
Savings Deposits: 1,171.9 1,589.2 1,861.4 2,017.8 2,365.0
Private Sector Deposits 1,165.6 1,587.1 1,859.6 2,016.1 2,347.8
State Government Deposits 5.1 2.0 1.7 1.7 14.2
Local Government Deposits 1.3 0.1 0.1 0.1 3.1
Foreign Currency Deposits: 1,444.3 1,506.3 1,965.5 2,727.0 3,402.2
Domiciliary Accounts 1,444.3 1,506.3 1,965.5 2,727.0 3,402.2
- - - - -
MONEY MARKET INSTRUMENTS: 388.0 227.0 198.8 141.4 14.2
Certificate of Deposit Issued 0.0 0.0 0.0 - -
Notes & Deposit (Cash) certificates 388.0 227.0 198.8 141.4 14.2
TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS: 10,032.7 10,430.6 10,803.8 11,936.9 12077.6
Time Deposits: 4,130.0 4,416.4 4,447.7 4,782.5 4294.1
[i] Private Sector Time Deposits 4,107.5 4,358.7 4,360.6 4,722.2 4249.9
[ii] State Government Time Deposits 17.0 49.4 68.3 33.8 26.1
[iii] Local Government Time Deposits 5.5 8.3 18.8 26.5 18.1
Savings Deposits: 2,471.7 2,465.9 2,453.6 2,698.3 2938.4
[i] Private Sector Savings Deposits 2,471.4 2,442.8 2,439.8 2,672.1 2909.7
[ii] State Government Savings Deposits 0.1 22.9 13.7 0.0 0.5
[iii] Local Government Savings Deposits 0.2 0.1 0.1 26.2 28.2
ASSETS 2013
RESERVES 38,556.5
Currency 0.8
Deposits with CBN: 38,555.7
[i] Reserve Requirements 669.9
[ii] Current Accounts 37,885.8
[iii] Other Deposit
FINANCIAL DERIVATIVES
Derivatives
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- -
- -
- -
12,642.5 25,560.0
- -
12,642.5 25,560.0
12,642.5 25,560.0
- -
- -
- -
80,870.0 74,746.8
67,604.4 66,877.9
- -
13,265.6 7,869.0
- -
- -
- -
- -
- -
- -
- -
69,127.7 62,845.8
53,013.5 47,038.6
- -
- -
16,114.2 15,807.2
- -
0.7 0.7
15,326.6 15,019.5
- -
787.0 787.0
- -
- -
- -
- -
- -
- -
- -
- -
8,981.3 19,141.9
985.7 970.6
0.0 0.0
472.5 10,769.9
- -
- -
- 10,520.0
472.5 249.9
- -
- -
- -
- -
- -
7,523.0 7,401.4
1,872.7 1,413.3
2,482.6 1,742.3
- -
- -
2,907.9 2,907.9
664.4 667.6
- -
- -
(404.7) 670.3
- -
- -
188,657.7 195,770.7
- -
Return to Menu
Table A.2.2.2: Merchant Banks' Statement of Assets/Liabilities - Liabilities (N' Million)
2014 2
LIABILITIES 2013 March
DEMAND DEPOSITS 517.9 13,303.6
Private Sector Deposits 517.9 13,303.6
State Government Deposits - -
Local Government Deposits - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- -
- - - - - - -
- - - - - - -
- - - - - - -
-
35,237.3 34,215.3 32,469.7 37,430.8 41,640.4 42,661.0 45,070.7
17,794.8 17,794.8 17,794.8 20,794.8 20,794.8 20,794.8 20,794.8
16,490.8 15,396.5 13,652.2 15,426.9 19,564.3 20,513.7 22,879.9
895.9 967.9 966.7 1,030.5 1,099.1 1,170.2 1,202.0
- - - - - - -
55.7 56.1 56.1 178.5 182.2 182.2 194.0
- -
14,190.2 18,797.0 38,783.5 72,719.1 43,822.4 39,450.7 33,509.4
7,986.7 11,874.9 25,320.1 60,439.3 31,172.3 21,619.2 8,195.3
- 6.8 7.9 50.2 449.1 - 0.7
- - - - - - -
7,986.7 11,868.0 25,312.2 60,389.2 30,723.1 21,619.2 8,194.7
- - - - - - -
- - - - - - -
- - - - - - -
10.0 215.2 534.4 63.1 1,841.6 568.3 6,710.5
- - - - - - -
- - - - - - -
6,193.5 6,706.9 12,929.0 12,216.6 10,808.6 17,263.3 18,603.6
2,376.7 2,159.5 6,024.3 8,545.0 9,643.2 15,073.9 15,140.3
- - - - - - -
661.4 424.9 249.8 733.2 770.6 677.8 691.6
- - - - - - -
1,806.3 2,306.7 4,983.9 1,090.9 (648.3) (44.5) 1,152.1
- - - - - - -
- - - - - - -
- - - - - - -
1,349.2 1,815.8 1,671.0 1,847.5 1,043.1 1,556.1 1,619.7
FINANCIAL DERIVATIVES - -
Derivatives - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
December
18,036.94
1,947.02
16,089.92
9,032.86
7,057.06
-
-
-
-
-
1,401.28
131.29
1,269.99
1,269.99
-
-
-
1,242.40
-
-
1,242.40
-
-
-
-
-
-
-
26,262.25
26,262.25
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,701.86
2,831.81
77.33
596.70
-
-
-
596.70
-
-
-
-
-
5,196.02
263.24
422.09
-
242.30
1,566.00
288.77
-
-
2,413.60
-
-
55,644.72
-
Return to Menu
Table A.2.3.2: Non Interest Banks' Statement of Assets/Liabilities - Liabilities (N' Million)
2
LIABILITIES 2012 2013 March
DEMAND DEPOSITS 2,994.0 7,699.5 23,030.11
Private Sector Deposits 2,994.0 7,664.0 23,030.11
State Government Deposits - 35.5 -
Local Government Deposits - - -
BONDS - - -
Debentures - - -
FOREIGN LIABILITIES: - - -
Balance Held for offices and branches Abroad - - -
Balance held for banks outside Nigeria - - -
Money at call with foreign banks - - -
Loans & Advances from other banks outside Nigeria - - -
-
CENTRAL GOVERNMENT DEPOSITS - 756.7 -
Federal Government Time Deposits - - -
Federal Government Demand Deposits - 756.7 -
Federal Government Savings Deposits - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2014
Q1 333.6 45.6 1,309.0 1,400.5 242.1 384.0 705.8 725.5
Q2 400.3 14.2 1,425.6 1,411.9 248.3 468.9 807.7 816.3
Q3 394.8 14.5 1,475.4 1,652.4 247.8 411.3 658.1 768.7
Q4 478.9 18.2 1,647.5 2,047.2 276.1 556.2 1,045.2 732.0
2015
Q1 466.4 222.3 1,878.1 2,153.2 282.7 585.5 1,250.7 766.3
Q2 484.9 17.9 1,909.5 2,058.7 353.9 641.3 1,058.7 696.9
Q3 469.9 12.1 1,958.5 2,241.3 359.6 554.3 1,030.0 618.4
Q4 449.3 11.7 1,736.2 2,272.8 340.3 531.7 985.7 922.9
Source : Computed from Deposit Money Banks' Returns
Note: Effective March 2014, the DMBs figures are in compliance with IFRS
2
Revised
Services O t h e r s
Credit to Personal Miscella- Total
Public Transport and financial Government and neous
Utilities Communications Institutions Professional
0.2 0.6 0.4 0.3 0.3 0.2 8.6
0.2 0.7 0.4 0.4 - 0.8 10.3
0.2 0.7 0.8 0.6 - 0.7 11.1
0.2 0.7 0.8 0.6 - 0.7 11.5
0.2 0.7 0.5 0.6 - 0.8 12.2
0.2 0.7 0.8 0.5 - 1.3 15.7
0.2 0.8 1.1 0.6 0.6 0.6 17.5
0.3 0.9 0.2 0.8 0.8 0.6 19.6
0.2 0.8 0.5 0.8 1.2 0.7 22.0
0.2 0.9 0.7 1.2 1.3 1.1 26.0
0.2 1.1 0.8 1.0 1.7 1.4 31.3
0.3 1.3 1.1 1.2 2.2 2.0 42.7
0.5 2.2 1.8 1.7 - 5.3 65.7
- - - - - 34.0 94.2
- - - - - 29.7 144.6
- - - - - 15.9 169.4
- - - - - 237.8 385.6
- - - - - 96.4 272.9
- - - - - 132.5 322.8
- - - - - 268.4 508.3
- - - - - 428.4 796.2
- - - - - 564.4 954.6
- - - - - 723.2 1,210.0
- - - - - 957.0 1,519.2
- - - - - 1,377.2 1,976.7
- - - - - 1,724.9 2,524.3
- - - - - 3,619.1 4,813.5
45.8 1,304.9 539.1 714.5 - 2,622.1 7,799.4
74.8 776.6 1,230.6 352.2 - 2,134.9 8,912.1
50.6 821.0 871.4 374.4 - 1,681.3 7,706.4
68.5 1,267.0 303.3 499.5 - 1,325.4 7,312.7
29.3 966.3 249.1 632.8 - 1,870.1 8,150.0
215.2 1,392.0 322.9 718.7 - 2,183.9 10,005.6
Services
Finance, Insurance Power and Total
Real Estate Education Oil & Gas Others
& Capital Market Energy
001, hence Commercial & Merchant Banks became Deposit Money Banks (DMBs)
rs are in compliance with IFRS as reported in FinA stop gap.
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Table A.2.5.3: Selected Financial Ratios of Commercial Banks (Percentage)
Period Liquidity Ratio1 Cash Reserve Ratio2 Cash Reserve Ratio2
Actual Prescribed Prescribed Prescribed (Public Sector Funds)
Minimum
1981 38.5
1982 40.5
1983 54.7
1984 65.1
1985 65.0
1986 36.4
1987 46.5
1988 45.0
1989 40.3
1990 44.3
1991 38.6
1992 29.1
1993 42.2
1994 48.5
1995 33.1
1996 43.1
1997 40.2
1998 46.8
1999 61.0
2000 64.1
2001 52.9
2002 52.5
2003 50.9
2004 50.5
2005 50.2
2006 55.7
2007 48.8 40.0
2008 44.3 35.0 3.0
2009 30.7 25.0 1.3
2010 30.4 25.0 1.0
2011 42.0 30.0 8.0
2012 49.7 30.0 12.0
2013 63.2 30.0 12.0 50.0
2014
Q1 37.9 30.0 15.0 75.0
Q2 35.9 30.0 15.0 75.0
Q3 41.1 30.0 15.0 75.0
Q4 38.3 30.0 20.0 75.0
2015
Q1 38.4 30.0 20.0 75.0
Q2 37.9 30.0 31.0 31.0
Q3 39.7 30.0 25.0 25.0
Q4 42.3 30.0 20.0 20.0
Source: Central Bank of Nigeria
Notes: 1Liquidity ratio is the ratio of total specified liquid assets to total current liabilities
2
Cash reserve ratio is the ratio of cash reserve requirement to total deposit liabilities
3
Loan-to-Deposit ratio is the ratio of total loans and advances to total deposit liabilities
Effective March 2014, DMBs Numbers are in compliance with IFRS as reported in FinA stop gap.
Loan-to-Deposit Ratio3
Actual Prescribed
Maximum
74.5
84.6
83.8
81.9
66.9
83.2
72.9
66.9
80.4
66.5
59.8
55.2
42.9
60.9
73.3
72.9
76.6
74.4
54.6
51.0
65.6
62.8
61.9
68.6
70.8
63.6
70.8 80.0
80.9 80.0
85.7 80.0
74.2 80.0
44.8 80.0
42.3 80.0
38.0 80.0
58.1 80.0
58.7 80.0
66.5 80.0
64.2 80.0
66.1 80.0
67.8 80.0
70.7 80.0
69.6 80.0
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Table A.2.6: Deposits and Loans of Rural Branches of Commercial Banks (N' Million)
Year/Quarter Deposits Loans
1982 111.7 35.9
1983 131.2 44.2
1984 276.6 58.2
1985 311.4 114.9
1986 873.5 373.6
1987 1,229.2 492.8
1988 1,378.4 659.9
1989 5,722.0 3,721.1
1990 8,360.1 4,730.8
1991 10,580.7 5,962.1
1992 4,612.2 1,895.3
1993 19,542.3 10,910.4
1994 4,855.2 1,602.2
1995 8,807.1 8,659.3
1996 12,442.0 4,411.2
1997 19,047.6 11,158.6
1998 18,513.8 11,852.7
1999 15,860.5 7,498.1
2000 20,640.9 11,150.3
2001 16,875.9 12,341.0
2002 14,861.6 8,942.2
2003 20,551.8 11,251.9
2004 64,490.0 34,118.5
2005 18,461.9 16,105.5
2006 3,118.6 24,274.6
2007 3,082.3 27,263.5
2008 13,411.8 46,521.5
2009 3,296.2 15,590.5
2010 20.8 16,556.0
2011 20.2 19,980.3
2012 19.7 22,580.0
2013 20.5 739,923.3
2014
Q1 130.8 791,950.8
Q2 493.7 827,552.4
Q3 480.7 867,700.1
Q4 480.3 988,587.9
2015
Q1 - 41,928.1
Q2 89,029.6 38,976.4
Q3 68,891.3 34,695.1
Q4 90,374.1 29,169.2
Source : Central Bank of Nigeria
Note: Rural banking started in 1977
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Table A.2.7.1: Number of Commercial Banks Branches in Nigeria and Abroad
Branches
Period Number Urban Rural Abroad1 Total
of Banks
Number of Banks 25 24 24 24 24 24 21 24 24 25
Branches Abroad2 2 7 8 2 2 2 2 1 1 2
Abia 104 111 138 141 146 125 138 147 144 135
Abuja(FCT) 163 219 283 361 398 359 379 397 380 369
Adamawa 39 52 58 63 67 79 63 61 47 47
Akwa-Ibom 60 78 85 99 99 92 100 94 92 103
Anambra 121 174 212 217 237 222 228 224 219 218
Bauchi 35 45 50 51 53 50 46 46 47 48
Bayelsa 28 31 37 38 37 37 37 38 38 38
Benue 39 53 61 71 75 57 73 76 67 63
Number of Deposit Money Banks Branches in Nigeria by State1
Borno 61 57 68 71 79 68 71 69 83 72
Cross-River 36 52 63 71 79 76 76 80 79 74
Delta 98 129 174 193 198 177 194 198 178 180
Ebonyi 15 22 28 32 35 45 33 33 59 61
Edo 109 118 163 175 183 162 188 192 144 165
Ekiti 31 54 67 58 80 60 64 76 91 87
Enugu 90 93 120 130 141 116 142 147 158 151
Gombe 25 29 33 40 40 36 36 37 43 41
Imo 37 57 84 104 104 97 100 102 110 105
Jigawa 19 29 34 35 39 37 36 38 63 66
Kaduna 126 133 157 164 183 170 169 171 154 164
Kano 130 130 160 183 193 186 183 183 174 170
Katsina 33 41 50 57 62 55 58 59 73 78
Kebbi 21 31 35 36 40 40 37 38 95 37
Kogi 27 64 68 81 80 77 82 84 88 80
Kwara 39 70 67 72 79 139 75 79 104 101
Lagos 1038 1407 1551 1690 1766 1453 1692 1678 1443 1486
Nasarawa 19 27 40 48 58 51 49 48 68 69
Niger 46 51 69 75 80 76 79 82 67 65
Ogun 52 122 139 149 175 402 161 154 137 142
Ondo 87 91 107 109 121 109 110 119 106 101
Osun 38 81 93 92 105 118 101 104 101 99
Oyo 112 163 191 220 236 203 223 237 347 343
Plateau 77 65 73 76 79 72 77 75 75 71
Rivers 179 197 248 273 302 246 310 311 292 275
Sokoto 46 41 54 59 53 53 52 52 43 45
Taraba 16 27 30 35 37 41 35 35 40 40
Yobe 22 32 33 32 35 35 33 35 38 41
Zamfara 15 24 29 35 35 33 34 40 39 38
Foreign 2
TOTAL 3233 4200 4952 5436 5809 5454 5564 5639 5526 5470
Source: Central Bank of Nigeria/Nigerian Deposit Insurance Corporation
Notes: 1This includes branches and cash centers of Commercial, Merchant and Non-Interest Banks.
2
Some bank branches became subsidiaries
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Table A.2.8: Commercial Banks' Loans to Small Scale Enterprises 1
Period Commercial Banks Loans Commercial Banks
To Small Scale Total Credit to Private
Enterprises (N' Million) Sector (N' Million)
1992 20,400.0 75,456.3
1993 15,462.9 88,821.0
1994 20,552.5 143,516.8
1995 32,374.5 204,090.6
1996 42,302.1 254,853.1
1997 40,844.3 311,358.4
1998 42,260.7 366,544.1
1999 46,824.0 449,054.3
2000 44,542.3 587,999.9
2001 52,428.4 844,486.2
2002 82,368.4 948,464.1
2003 90,176.5 1,203,199.0
2004 54,981.2 1,519,242.7
2005 50,672.6 1,991,146.4
2006 25,713.7 2,609,289.4
2007 41,100.4 4,820,695.7
2008 13,512.2 7,799,400.1
2009 16,366.5 9,667,876.7
2010 12,550.3 9,198,173.1
2011 15,611.7 9,614,445.8
2012 13,863.5 10,440,956.3
2013 15,353.0 11,543,649.9
2014
Q1 21,653.6 11,764,494.0
Q2 16,007.7 12,168,761.9
Q3 15,966.6 12,933,832.1
Q4 16,069.3 13,179,598.1
2015
Q1 9,881.5 13,631,098.3
Q2 10,155.9 13,712,964.9
Q3 12,244.4 13,362,905.5
Q4 12,949.5 13,568,543.7
Source : Computed from Deposit Money Banks' Returns
Notes: This table contains revised figures
The abolition of mandatory banks' credit allocations of 20% of it's total credit to small scale enterprises wholly owned
1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
o small scale enterprises wholly owned
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Table A.3.1: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 1992 1993 1994 1995 1996 1997 1998
ASSETS :
1. Cash 0.03 0.04 0.03 0.03 0.06 0.04 0.05
2. Balance held with 0.45 0.50 0.81 0.65 0.43 2.47 2.66
(a) FMBN 0.06 0.08 0.08 0.13 0.05 0.08 0.09
(b) Other banks 0.39 0.42 0.73 0.52 0.38 2.39 2.57
3. Treasury Bills/Certificate 0.00 0.14 0.00 0.00 0.00 0.00 0.00
4. Placements/Investments 0.90 1.19 0.61 0.92 2.81 2.10 2.27
5. Loans 0.21 0.33 0.56 0.39 0.75 0.74 0.79
6. Other Assets 0.66 1.41 1.06 0.95 0.34 0.72 0.83
Total Assets 2.24 3.61 3.07 2.95 4.39 6.08 6.59
LIABILITIES : 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital 0.44 0.85 1.23 1.26 1.13 1.02 1.12
2. Reserves 0.06 -0.06 -0.13 -0.07 -0.06 0.03 0.05
3. Savings 0.29 0.33 0.40 0.44 0.47 0.56 0.63
4. Fixed Deposits 0.63 1.25 0.65 0.67 2.02 3.61 3.71
5. Balance held for other Fin. Ints. 0.34 0.57 0.21 0.14 0.43 0.37 0.39
6. Other Liabilities 0.49 0.68 0.71 0.51 0.40 0.50 0.70
Total Liabilities 2.24 3.61 3.07 2.95 4.39 6.08 6.59
Number of Reporting PMI 145 252 279 279 278 115 115
Loans to deposits Ratio (Per Cent) 3.19 21.23 53.66 35.78 30.32 17.72 18.12
Liquidity Ratio (Per Cent) 6.91 31.82 66.97 54.43 16.61 55.43 57.44
Liquid Assets (N' Billion) 0.48 0.68 0.84 0.68 0.49 2.51 2.71
Current Liabilities (N' Billion) 6.89 2.14 1.26 1.25 2.92 4.53 4.73
Deposits (N' Billion) 6.55 1.58 1.04 1.10 2.49 4.17 4.34
Source: Central Bank of Nigeria
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.1: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 1999 2000 2001 2002 2003 2004
ASSETS :
1. Cash 0.05 0.05 0.06 0.41 0.81 0.73
2. Balance held with 3.30 2.98 3.31 23.03 45.00 40.68
(a) FMBN 0.09 0.09 0.09 0.68 1.33 1.20
(b) Other banks 3.22 2.90 3.22 22.35 43.67 39.47
3. Treasury Bills/Certificate 0.00 0.00 0.00 0.00 0.00 0.00
4. Placements/Investments 2.47 2.37 2.88 18.28 2.40 32.29
5. Loans 0.92 0.86 1.02 6.60 12.90 6.00
6. Other Assets 0.90 0.86 0.71 6.67 3.30 1.50
Total Assets 7.66 7.12 7.98 55.00 64.40 81.20
LIABILITIES : 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital 1.35 1.24 1.42 9.55 2.70 1.80
2. Reserves 0.05 0.05 0.04 0.38 0.25 3.62
3. Savings 0.68 0.66 0.73 5.06 3.34 48.28
4. Fixed Deposits 3.91 3.81 0.63 29.43 32.80 16.30
5. Balance held for other Fin. Ints. 0.40 0.40 0.37 3.05 2.01 9.40
6. Other Liabilities 1.26 0.98 0.56 7.53 23.30 1.80
Total Liabilities 7.66 7.12 3.75 55.00 64.40 81.20
Number of Reporting PMI 115 115 71 80 81 83
Loans to deposits Ratio (Per Cent) 20.11 19.14 75.63 19.14 35.69 9.29
Liquidity Ratio (Per Cent) 67.21 62.46 195.19 62.46 120.06 55.97
Liquid Assets (N' Billion) 3.36 3.04 3.37 23.45 45.80 41.41
Current Liabilities (N' Billion) 5.00 4.86 1.73 37.54 38.15 73.98
Deposits (N' Billion) 4.60 4.47 1.35 34.48 36.14 64.58
Source: Central Bank of Nigeria
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.1: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 2005 2006 2007 2008 2009 2010
ASSETS :
1. Cash 0.92 0.98 0.68 0.78 0.97 1.28
2. Balance held with 51.50 50.84 29.28 102.82 75.99 85.62
(a) FMBN 1.52 1.51 0.87 29.15 30.78 31.38
(b) Other banks 49.97 49.33 28.41 73.66 45.21 54.24
3. Treasury Bills/Certificate 0.00 0.00 0.00 0.00 0.00 0.00
4. Placements/Investments 40.88 40.36 149.09 69.83 61.19 66.99
5. Loans 2.10 7.56 40.76 108.53 118.59 132.88
6. Other Assets 4.50 14.73 82.47 47.63 72.87 72.05
Total Assets 99.90 114.45 302.28 329.59 329.61 358.81
LIABILITIES : 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital 1.90 12.57 27.99 49.18 58.24 62.39
2. Reserves 4.86 0.65 12.19 20.92 22.79 21.17
3. Savings 64.84 8.72 0.00 0.00 0.00 0.00
4. Fixed Deposits 13.20 74.21 155.91 166.23 148.10 186.95
5. Balance held for other Fin. Ints. 11.80 5.26 8.68 46.77 44.42 49.60
6. Other Liabilities 3.30 12.99 97.50 46.48 56.07 38.71
Total Liabilities 99.90 114.40 302.28 329.59 329.61 358.81
Number of Reporting PMI 90 91 93 82 98 102
Loans to deposits Ratio (Per Cent) 2.69 9.12 26.14 65.29 80.07 71.08
Liquidity Ratio (Per Cent) 58.35 58.75 18.20 48.64 39.98 36.74
Liquid Assets (N' Billion) 52.42 51.81 29.96 103.60 76.96 86.90
Current Liabilities (N' Billion) 89.84 88.19 164.60 213.00 192.51 236.55
Deposits (N' Billion) 78.04 82.93 155.91 166.23 148.10 186.95
Source: Central Bank of Nigeria
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.1: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 2011 2012 2013
ASSETS :
1. Cash 1.51 1.22 0.12
2. Balance held with 58.77 64.47 65.06
(a) FMBN 16.10 12.84 9.86
(b) Other banks 42.68 51.63 55.21
3. Treasury Bills/Certificate 0.00 0.00 0.00
4. Placements/Investments 89.70 99.42 83.34
5. Loans 122.81 120.91 132.29
6. Other Assets 69.35 62.12 93.81
Total Assets 342.14 348.14 374.63
LIABILITIES : 0.00 0.00 0.00
1. Capital 65.00 62.86 74.51
2. Reserves 9.43 11.74 8.67
3. Savings 0.00 0.00 0.00
4. Fixed Deposits 163.20 171.08 164.93
5. Balance held for other Fin. Ints. 54.33 47.60 53.96
6. Other Liabilities 50.19 54.85 73.83
Total Liabilities 342.14 348.14 375.89
Number of Reporting PMI 102 82
Loans to deposits Ratio (Per Cent) 75.25 70.67 80.21
Liquidity Ratio (Per Cent) 27.71 30.04 29.78
Liquid Assets (N' Billion) 60.28 65.69 65.19
Current Liabilities (N' Billion) 217.52 218.69 218.89
Deposits (N' Billion) 163.20 171.08 164.93
Source: Central Bank of Nigeria
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.1: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM ITEM 2014 2015
ASSETS : ASSETS :
1. Cash Cash at hand 0.29 0.29
2. Balance held with Balances with Banks 5.76 14.93
(a) FMBN Placements with Banks 33.16 38.32
(b) Other banks Investments 18.78 23.99
3. Treasury Bills/Certificate Other Loans & Advances 14.24 27.78
4. Placements/Investments Mortgage Loans 47.68 74.23
5. Loans Other Assets 50.97 74.09
6. Other Assets Fixed Assets 11.91 17.97
Total Assets Total Assets 182.79 271.53
LIABILITIES :
1. Capital Paid - Up Capital 58.45 78.47
2. Reserves Reserves 13.19 34.29
3. Savings Published Current Year Profit/Loss -1.16 -1.15
4. Fixed Deposits Deposits 51.55 73.72
5. Balance held for other Fin. Ints. Placements from Banks 2.14 2.80
6. Other Liabilities Long Term Loans 5.45 4.31
Total Liabilities NHF Loans 21.96 29.45
Other Liabilities 31.20 49.64
Number of Reporting PMI Total Liabilities 182.79 271.53
Loans to deposits Ratio (Per Cent)
Liquidity Ratio (Per Cent)
Liquid Assets (N' Billion)
Current Liabilities (N' Billion)
Deposits (N' Billion)
Source: Central Bank of Nigeria
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.2: Summary of Assets/Liabilities of Discount Houses - Assets (N' Million)
CLAIMS ON FEDERAL GOVERNMENT 4,213.2 7,126.2 1,552.6 6,479.9 1,506.4 3,038.7 8,905.1
i) Treasury Bills 4,213.2 7,125.9 1,552.6 6,479.7 1,499.2 3,031.7 5,413.0
a) Pledges - - 668.2 4,621.1 1,287.0 2,452.0 -
b) Unpledged - - 884.5 1,858.6 212.2 579.7 -
c) Bill with PDO (CBN) - - - - - - -
ii) Treasury Certificate Maturing - - - - - - 3,492.1
a) Within 1 year - - - - - - -
b) 1-2 years - - - - - - -
iii) Treasury Bonds - - - - - - -
a) Pledges - - - - - - -
b) Unpledged - - - - - - -
iv) Eligible Development Stock - 0.3 - 0.2 7.2 7.0 -
- - - - - 100.0 - 1,784.2
- - - - - 100.0 - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - 1,784.2
CLAIMS ON FEDERAL GOVERNMENT 217,303.1 230,233.2 261,044.8 223,277.5 266,823.6 94,394.7 96,128.6
i) Treasury Bills 45,578.1 52,366.0 60,883.4 60,768.4 124,865.7 31,359.9 61,763.8
a) Pledges - - - - - - -
b) Unpledged 45,578.1 52,366.0 60,883.4 60,768.4 124,865.7 31,359.9 61,763.8
c) Bill with PDO (CBN) - - - - - - -
ii) FGN Bonds 171,725.0 177,867.2 200,161.4 162,509.1 141,957.9 63,034.9 34,364.8
a) Within 1 to 3 years 47,750.9 100,069.2 57,131.7 79,374.4 36,893.7 15,299.6 15,150.0
b) Over 3 years 123,974.0 77,798.0 143,029.7 83,134.7 105,064.2 47,735.3 19,214.8
iii) Treasury Bonds - - - - - - -
a) Pledges - - - - - - -
b) Unpledged - - - - - - -
iv) Eligible Development Stock - - - - - - -
94,852.3 93,865.4 92,646.7 CLAIMS ON FEDERAL GOVERNMENT 68,477.6 99,919.7 51,971.3 51,367.3
63,875.2 52,633.5 57,554.1 i) Treasury Bills 50,407.3 67,159.7 32,441.9 32,302.9
- - - a) Held for Trading 7,810.4 16,598.3 8,925.0 14,229.9
63,875.2 52,633.5 57,554.1 b) Available For Sales (AFS) 42,596.9 50,561.4 23,516.9 18,072.9
- - - c) Bill with PDO (CBN)
30,977.1 41,231.9 35,092.6 ii) FGN Bond 18,070.2 32,760.0 19,529.4 19,064.5
7,300.0 17,687.7 10,372.0 a) Held for Trading (6,799.9) (1,877.7) (3,204.5) (2,961.9)
23,677.1 23,544.2 24,720.6 b) Available For Sales (AFS) 24,870.1 34,637.8 22,733.8 22,026.3
- - -
- - - CLAIMS ON STATE GOVERNMENTS 2125.41 7184.22 7544.16 7544.16
- - - i) State Promissory Notes - - - -
- - - a) Held for trading - - - -
b) Available for Sales - - - -
2,378.5 2,504.6 2,139.0 ii) Eligible State Bonds 2,125.4 7,184.2 7,544.2 7,544.2
- - - a) Held for trading - - - -
2,378.5 2,504.6 2,139.0 b) Available for Sales 2,125.4 7,184.2 7,544.2 7,544.2
TOTAL LIABILITIES 4,461.8 9,583.2 3,431.9 11,778.4 6,976.1 7,852.6 15,049.6 30,260.8
OTHER AMOUNT OWING TO: 81,915.8 158,579.5 42,145.9 69,467.9 22,833.1 54,242.5 56,458.8 40,018.5
i) Commercial Banks 63,486.2 146,330.9 30,830.5 63,419.4 21,020.3 40,672.6 14,909.0 73.6
ii) Merchant Banks - - - - - - - -
iii) Non-Bank Financial Institutions 13,720.9 1,000.0 - - - - - -
iv) Others 4,708.7 11,248.7 11,315.4 6,048.5 1,812.8 13,569.9 41,549.8 39,945.0
TOTAL LIABILITIES 186,531.3 298,266.0 417,154.6 345,954.1 362,409.4 320,753.0 344,718.8 133,762.9
OTHER AMOUNT OWING TO: 45,715.4 46,261.1 29,591.5 23,495.4 TAKINGS: 5,613.14
i) Commercial Banks 5,425.1 14,259.6 3,901.1 3,000.0 i) Commercial Banks -
ii) Merchant Banks - - - - ii) Discount Houses -
iii) Non-Bank Financial Institutions - - - - iii) Non-Bank Financial Institutions 5,613.14
iv) Others 40,290.3 32,001.6 25,690.4 20,495.4
BORROWINGS 21,768.04
BORROWINGS - 21,000.0 16,229.2 63.8 i) Central Bank of Nigeria -
i) Central Bank of Nigeria - - - - ii) Banks 6,229.20
ii) Overdrafts - - - 63.8 iii) Disount Houses -
iii) Other Banks - 21,000.0 16,229.2 - iv) Non-Bank Financial Institution -
v) Corporate Entities -
OTHER LIABILITIES 13,800.6 14,043.8 8,100.1 6,224.9 vi) Individuals 15,538.84
ITEM Target 2003 2004 2005 2006 2007 2008 2009 2010
Assets Structure
Assets 23,741.0 38,090.6 38,090.6 72,028.4 115,365.9 45,578.1 67,152.4 60,883.4
Treasury Bills of Less Than 91 Days Maturity 23,741.0 38,090.6 38,090.6 70,164.7 115,365.9 45,578.1 67,152.4 60,883.4
Treasury Bonds 0.0 0.0 0.0 1,863.7 0.0 0.0 0.0 0.0
Liabilities 34,036.0 47,546.5 47,546.5 157,943.5 258,869.0 356,247.9 239,535.7 276,411.7
Money at Call 23,287.0 25,087.9 25,087.9 76,020.2 97,049.8 195,901.0 216,713.2 247,727.7
Borrowings 8.0 11.0 11.0 7.5 3,239.6 118,201.0 16.9 5,850.9
Other Amounts Owing 10,741.0 22,447.5 22,447.5 81,915.8 158,579.5 42,145.9 22,805.6 22,833.1
Structure of Assets Ratio1 (%) 60.00 69.8 80.1 80.1 45.6 44.6 12.8 28.0 22.0
Total Borrowings & Amount Owing 10,749.0 22,458.6 22,458.6 81,923.3 161,819.2 160,346.9 22,822.5 28,684.0
Borrowings 8.0 11.0 11.0 7.5 3,239.6 118,201.0 16.9 5,850.9
Amount Owing 10,741.0 22,447.5 22,447.5 81,915.8 158,579.5 42,145.9 22,805.6 22,833.1
Capital & Reserves 7,679.0 9,924.5 9,924.5 16,326.4 22,849.1 33,684.3 41,997.3 41,374.9
Capital 4,470.0 6,577.8 6,577.8 9,780.7 11,086.5 11,544.6 14,590.6 15,590.6
Reserves 3,209.0 3,346.7 3,346.7 6,545.7 11,762.5 22,139.7 27,406.7 25,784.3
Gearing Ratio: x:1 x=50 1.4 2.3 2.3 5.0 7.1 4.8 0.5 0.7
Source: Central Bank of Nigeria
Notes: 1Target for Structure of Assets Ratio was set and retained at 70% between 1993 and 2002. It was changed to 60% in 2003.
2014 2015
2011 2012 2013 Mar Jun Sep Dec Mar Jun Sep Dec /1
60,768.4 124,865.7 31,359.9 61,763.8 63,875.2 52,633.5 57,554.1 50,407.3 67,159.7 32,441.9 32,302.9
60,768.4 124,865.7 31,359.9 61,763.8 63,875.2 52,633.5 57,554.1 50,407.3 67,159.7 32,441.9 32,302.9
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
210,170.2 262,760.7 102,577.7 102,852.2 127,251.3 117,367.8 95,251.2 78,918.6 113,531.4 80,085.3 76,707.4
152,927.7 206,301.9 62,559.2 57,136.7 59,990.2 71,547.0 71,692.0 51,537.4 52,510.8 58,412.3 55,970.8
3,000.0 0.0 0.0 0.0 21,000.0 16,229.2 63.8 5,613.1 33,895.1 1,084.2 93.7
54,242.5 56,458.8 40,018.5 45,715.4 46,261.1 29,591.5 23,495.4 21,768.0 27,125.5 20,588.7 20,643.0
28.9 47.5 30.6 60.1 50.2 44.8 60.4 63.9 59.2 40.5 42.1
57,242.5 56,458.8 40,018.5 45,715.4 67,261.1 45,820.7 23,559.2 27,381.2 61,020.6 21,673.0 20,736.7
3,000.0 0.0 0.0 0.0 21,000.0 16,229.2 63.8 21,768.0 27,125.5 20,588.7 20,643.0
54,242.5 56,458.8 40,018.5 45,715.4 46,261.1 29,591.5 23,495.4 5,613.1 33,895.1 1,084.2 93.7
49,612.1 34,970.5 18,044.5 22,980.4 31,851.5 29,871.3 29,753.4 13,376.1 35,026.5 19,174.8 18,330.3
15,645.2 15,480.0 6,784.6 6,784.6 8,854.1 8,854.2 8,854.1 4,000.0 9,155.9 4,301.6 4,301.6
33,966.9 19,490.5 11,259.9 16,195.8 22,997.4 21,017.1 20,899.3 9,376.1 25,870.5 14,873.2 14,028.7
1.2 1.6 2.2 2.0 2.1 1.5 0.8 2.0 1.7 1.1 1.1
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Table A.3.5: Summary of Assets & Liabilities of Community/Microfinance Banks (N' Million)
Number of Reporting Banks 334 611 902 745 693 674 552 550
Loans to Deposit Ratio2 23.4 30.1 38.3 39.8 48.7 53.9 58.9 74.3
Liquidity Ratio3 75.1 74.0 57.9 55.7 47.8 42.2 49.8 79.6
Source: Central Bank of Nigeria
Notes: 1Other Loans consists of donations/grants/subventions
2
Loans to Deposit ratio= (Loans and advances+Bills discounted)*100/(deposits+money at call Takings +balances held for banks)
3
Liquidity Ratio = ((Cash in hand + Balance with other banks + Money at Call)/(Deposits + Money at call Takings + Balances held for banks))*100
With effect from December 2006, all the existing Community Banks were asked to transform to Microfinance Banks
4
Revised
5
Provisional
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Table A.3.5: Summary of Assets & Liabilities of Community/Microfinance Banks (N' Million)
ITEM 2015 5
ASSETS :
Cash in hand 3,360.4
Balance with other banks 72,357.1
Money at call -
Bills Discounted
Loans & Advances: 149,325.5
(a) Agriculture & forestry 11,761.5
(b) Mining & Quarrying 390.9
(c) Manufacturing & Food Processing 3,372.8
(d) Real Estate & Construction 5,218.3
(e) Transport/Commerce 117,759.4
(f) Others 10,822.6
Short Term Investments (TBs) 12,404.3
Long Term Investments 5,333.5
Equipment on Lease
Fixed Assets 17,669.0
Other Assets 23,595.8
TOTAL ASSETS 343,883.1
LIABILITIES:
Deposits 159,453.5
(a) Demand 159,453.5
(b) Savings
(c) Time
Money at Call Takings
Balances held for Banks 5,822.0
Matching Loans
Other Loans1 29,749.3
Shareholders Funds 91,376.5
(a) Paidup Capital 79,698.7
(b) Reserve 11,677.8
Other Liabilities 57,481.8
TOTAL LIABILITIES 343,883.1
LIABILITIES
1. Shareholder' Fund 576.6 2,668.2 2,111.6 1,178.8 2,137.1 2,688.5 1,951.1 1,249.5
Paid - Up Capital 554.9 2,668.2 2,111.6 1,178.8 2,137.1 2,688.5 1,951.1 1,249.5
Reserves 21.7 - - - - - - -
Published Current Year Profit/Loss - - - - - - - -
2. Taking from Other Finance Companies - 1,592.2 1,434.7 1,239.0 351.4 98.9 159.2 251.3
3. Long Term Liabilities - - - - - - - -
4. Total Borrowings 1,292.0 6,969.9 5,449.8 6,819.0 4,846.7 7,744.4 5,172.2 5,111.2
5. Other Liabilities 577.3 2,155.5 2,664.8 2,029.1 1,605.1 1,527.8 931.1 2,329.7
Total Liabilities 2,445.9 13,385.8 11,660.9 11,265.9 8,940.3 12,059.6 8,213.6 8,941.7
Source: Central Bank of Nigeria
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Table A.3.6: Summary of Assets and Liabilities
of Finance Houses (N' Billion)
ITEM 2000 2001 2002
ASSETS
1. Liquid Assets 1,464.3 2,156.6 2,838.8
Cash in Hand 203.3 265.9 237.5
Balances with Banks 1,248.6 1,633.6 1,458.6
Placements with Other Finance Companies 12.4 257.1 1,142.7
2. Domestic Credit 5,270.9 8,608.6 6,291.4
Investments 606.5 1,693.0 2,189.9
Net Loans & Advances 4,664.4 6,915.6 4,101.5
Equipment on Lease - - -
3. Other Assets 337.9 1,548.0 1,178.2
4. Fixed Assets 798.2 590.3 1,376.5
Total Assets 7,871.3 12,903.5 11,684.9
LIABILITIES
1. Shareholder' Fund 1,830.6 2,677.2 2,388.8
Paid - Up Capital 1,830.6 2,677.2 2,391.2
Reserves - - (2.4)
Published Current Year Profit/Loss - - -
2. Taking from Other Finance Companies 130.8 51.9 69.9
3. Long Term Liabilities - - -
4. Total Borrowings 4,856.1 8,195.9 7,403.4
5. Other Liabilities 1,053.8 1,978.5 1,822.8
Total Liabilities 7,871.3 12,903.5 11,684.9
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Table A.3.6: Summary of Assets and Liabilities
of Finance Houses (N' Billion)
ITEM 2003 2004 2005 2006 2007 2008 2009
ASSETS
1. Liquid Assets 4,627.5 7,146.9 8,576.1 13,514.1 15,279.0 27,757.3 33,012.3
Cash in Hand 373.4 656.8 160.3 590.9 98.2 94.3 109.9
Balances with Banks 2,293.6 4,034.7 984.8 3,629.8 3,721.9 5,871.0 5,254.3
Placements with Other Finance Companies 1,960.5 2,455.4 7,431.0 9,293.4 11,458.9 21,792.0 27,648.1
2. Domestic Credit 19,111.7 20,050.4 22,007.7 32,601.9 39,535.1 84,830.1 61,088.2
Investments 4,313.3 5,488.9 5,756.4 8,756.1 12,756.0 34,442.3 28,742.6
Net Loans & Advances 14,798.4 14,561.5 16,251.3 23,845.8 26,779.1 50,387.8 32,345.6
Equipment on Lease - - - - - - -
3. Other Assets 3,495.6 4,618.4 4,075.4 3,881.8 7,302.9 14,711.5 16,442.5
4. Fixed Assets 2,371.2 2,689.0 2,801.4 4,341.3 3,687.6 6,881.2 7,593.4
Total Assets 29,606.0 34,504.7 37,460.6 54,339.1 65,804.7 134,180.1 118,136.4
LIABILITIES
1. Shareholder' Fund 6,361.4 7,758.2 9,567.6 11,371.4 14,856.8 25,201.5 11,984.8
Paid - Up Capital 6,361.4 7,920.0 8,390.4 11,185.6 7,435.8 13,253.6 17,093.6
Reserves - (161.8) 1,177.2 185.8 7,132.6 11,947.9 (5,108.8)
Published Current Year Profit/Loss - - - - 288.4 - -
2. Taking from Other Finance Companies 25.2 145.1 - 127.4 - - -
3. Long Term Liabilities - - - - 156.7 7,108.9 8,197.8
4. Total Borrowings 19,616.6 21,394.2 22,797.5 34,647.1 39,948.5 83,132.9 87,698.7
5. Other Liabilities 3,602.8 5,207.2 5,095.5 8,193.2 10,842.7 18,736.8 10,255.1
Total Liabilities 29,606.0 34,504.7 37,460.6 54,339.1 65,804.7 134,180.1 118,136.4
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Table A.3.6: Summary of Assets and Liabilities
of Finance Houses (N' Billion)
ITEM 2010 2011 2012 2013 2014 2015
ASSETS
1. Liquid Assets 27,865.6 25,123.2 13,631.2 14,177.5 11,200.9 8,763.5
Cash in Hand 14.0 14.1 21.1 26.3 99.4 849.5
Balances with Banks 5,807.6 12,785.0 2,648.1 2,579.3 3,089.1 2,320.1
Placements with Other Finance Companies 22,044.0 12,324.1 10,961.9 11,571.9 8,012.3 5,593.8
2. Domestic Credit 57,769.6 60,163.5 40,640.5 66,128.6 68,967.3 60,767.9
Investments 27,123.3 26,806.8 16,868.3 19,448.8 20,158.6 11,144.0
Net Loans & Advances 30,646.3 33,356.7 23,772.2 46,679.8 48,808.7 49,623.9
Equipment on Lease - - - - -
3. Other Assets 19,099.9 19,819.3 15,451.0 15,197.7 27,845.0 26,931.7
4. Fixed Assets 9,046.5 9,814.7 8,584.8 7,548.6 11,576.4 10,893.1
Total Assets 113,781.6 114,920.7 78,307.5 103,052.3 119,589.6 107,356.2
LIABILITIES
1. Shareholder' Fund 10,216.1 10,996.0 13,008.7 18,276.2 18,453.1 21,655.9
Paid - Up Capital 19,542.4 20,002.3 13,763.0 14,688.0 16,116.4 14,052.2
Reserves (9,326.3) (9,006.3) (754.4) 3,588.2 2,336.8 7,603.7
Published Current Year Profit/Loss - - - - -
2. Taking from Other Finance Companies - - - - -
3. Long Term Liabilities 8,351.3 8,330.3 574.4 742.6 3,627.7 1,553.1
4. Total Borrowings 81,232.1 78,552.1 47,578.8 59,220.8 68,420.2 62,028.9
5. Other Liabilities 13,982.1 17,042.3 17,145.6 24,812.7 29,088.6 22,118.3
Total Liabilities 113,781.6 114,920.7 78,307.5 103,052.3 119,589.6 107,356.2
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Table A.3.7: Number of Development & Specialised
Banks/Institutions
BANKS / INSTITUTIONS 1990 1991 1992 1993 1994 1995 1996 1997 1998
DEVELOPMENT BANKS 1 2 2 2 3 4 4 4 4
Educational Bank - - - - - 1 1 1 1
Urban Development Bank - - - - 1 1 1 1 1
Nigerian Export and Import Bank - 1 1 1 1 1 1 1 1
Bank of Industry - - - - - - - - -
Nigeria Agric. Credit Dev. Bank - - - - - - - - -
Federal Mortgage Bank 1 1 1 1 1 1 1 1 1
SPECIALISED BANKS: 169 287 629 1150 1245 1630 1646 1293 1293
Community Banks (Microfinance Banks) 0 66 401 879 970 1355 1368 1015 1015
Peoples Bank ( Branches ) 169 221 228 271 275 275 278 278 278
SPECIALISED FINANCIAL INSTITUTIONS: 84 127 872 674 680 657 564 478 540
Finance Houses 618 310 290 279 279 270 279
Insurance Companies (Reporting) 80 100 105 105 103 90 90 83 57
Discount Houses - - - 3 4 4 5 5 5
Primary Mortgage Institutions - 23 145 252 279 280 186 115 194
National Economic Reconstruction Fund (NERFUND) 1 1 1 1 1 1 1 1 1
National Social Insurance Trust Fund (NSITF) 1 1 1 1 1 1 1 1 1
Nigeria Deposit Insurance Company (NDIC) 1 1 1 1 1 1 1 1 1
Securities and Exchange Commission (NSE) 1 1 1 1 1 1 1 1 1
National Insurance Commission (NAICOM) 1 1
National Pension Commission (PENCOM)
Pension Fund Administrators
Pension Fund Custodians
Closed Pension Fund Administrators
Source: Central Bank of Nigeria
Note: Community Banks transformed to Microfinance Banks in December 2006
1999
4
1
1
1
-
-
1
1292
1014
278
541
280
57
5
194
1
1
1
1
1
Table A.3.7: Number of Development & Specialised
Banks/Institutions
BANKS / INSTITUTIONS 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
DEVELOPMENT BANKS 4 4 4 6 6 6 6 5 5 5 5
Educational Bank 1 1 1 1 1 1 1 0 0 0 0
Urban Development Bank (The Infrastructure Bank) 1 1 1 1 1 1 1 1 1 1 1
Nigerian Export and Import Bank 1 1 1 1 1 1 1 1 1 1 1
Bank of Industry - - - 1 1 1 1 1 1 1 1
Nigeria Agric. Credit Dev. Bank (Bank of Agriculture) - - - 1 1 1 1 1 1 1 1
Federal Mortgage Bank 1 1 1 1 1 1 1 1 1 1 1
SPECIALISED BANKS: 1159 747 769 774 753 757 750 709 695 828 801
Community Banks (Microfinance Banks) 881 747 769 774 753 757 750 709 695 828 801
Peoples Bank ( Branches ) 278 0 0 0 0 0 0 0 0 0 0
SPECIALISED FINANCIAL INSTITUTIONS: 541 244 249 252 304 316 338 315 298 310 311
Finance Houses /1 280 98 102 104 107 112 112 112 114 114 114
Insurance Companies (Reporting) 57 57 57 57 103 103 103 77 54 49 49
Discount Houses 5 5 5 5 5 5 5 5 5 5 5
Primary Mortgage Banks /2 194 79 80 81 83 90 91 93 81 98 102
National Economic Reconstruction Fund (NERFUND) 1 1 1 1 1 1 1 1 1 1 1
National Social Insurance Trust Fund (NSITF) 1 1 1 1 1 1 1 1 1 1 1
Nigeria Deposit Insurance Company (NDIC) 1 1 1 1 1 1 1 1 1 1 1
Securities and Exchange Commission (NSE) 1 1 1 1 1 1 1 1 1 1 1
National Insurance Commission (NAICOM) 1 1 1 1 1 1 1 1 1 1 1
National Pension Commission (PENCOM) - - - - 1 1 1 1 1 1 1
Pension Fund Administrators - - - - - - 13 12 26 26 24
Pension Fund Custodians - - - - - - 4 4 5 5 4
Closed Pension Fund Administrators - - - - - - 4 6 7 7 7
Source: Central Bank of Nigeria
Note: Community Banks transformed to Microfinance Banks in December 2006
Nigeria Agric. Credit Dev. Bank changed to Bank of Agriculture, December 2010
Urban Development Bank changed to The Infrastructure Bank. December 2011
PENCOM was established in 2004 through Pension Reform Act, 2004
/1 Operational lisences of 49Finance Houses were revoked in Q4 2012
/2 Operational lisences of 20 Primary Mortgage Banks were revoked in Q4 2012
2011 2012 2013 2014 2015
5 5 5 5 5
0 0 0 0 0
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
821 883 825 891 948
821 883 825 891 948
0 0 0 0 0
323 249 247 239 236
114 65 67 69 66
61 60 53 48 49
5 5 2 2 1
102 82 82 82 82
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
24 20 26 21 21
4 4 4 4 4
7 7 7 7 7
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Table A.4.1: Value of Money Market Instruments Outstanding as at End-Period (N' Billion) 1
Period Treasury Treasury Development Certificates Commercial
Bills Certificates Stocks Of Deposits Papers
1981 5.8 2.3 3.4 0.2 0.1
1982 9.8 1.7 3.6 0.3 0.1
1983 13.5 4.9 3.9 0.4 0.2
1984 15.5 6.4 3.8 0.3 0.2
1985 17.0 6.7 4.3 0.2 0.1
1986 17.0 6.7 4.8 0.3 0.3
1987 25.2 6.7 4.9 1.3 0.5
1988 35.5 6.8 4.8 1.9 0.7
1989 24.1 6.9 4.6 1.2 0.6
1990 25.5 34.2 4.4 1.9 0.8
1991 56.7 34.2 4.2 1.1 0.8
1992 103.3 35.2 4.0 0.5 1.6
1993 103.3 36.6 3.7 0.1 3.4
1994 103.3 37.3 3.4 0.0 5.3
1995 103.3 23.6 3.2 0.0 10.0
1996 103.3 0.0 3.0 0.1 8.0
1997 221.8 0.0 2.8 0.0 13.4
1998 221.8 0.0 2.7 0.0 7.3
1999 361.8 0.0 2.4 0.0 20.5
2000 465.5 0.0 2.1 0.0 19.0
2001 584.5 0.0 1.8 0.0 35.3
2002 733.8 0.0 1.6 0.0 37.0
2003 825.1 0.0 1.5 0.0 47.6
2004 871.6 0.0 1.3 0.0 80.1
2005 854.8 0.0 1.0 0.0 194.6
2006 701.4 0.0 0.7 0.0 193.5
2007 574.9 0.0 0.6 2.5 363.4
2008 471.9 39.7 0.5 0.0 822.7
2009 797.5 0.0 0.5 50.5 509.1
2010 1,277.1 0.0 0.2 0.0 189.2
2011 1,727.9 0.0 0.0 0.0 203.0
2012 2,122.9 0.0 0.0 34.0 1.1
2013 2,581.6 0.0 0.0 20.5 9.3
2014 1
Q1 2,735.7 0.0 0.0 9.0 10.76
Q2 2,735.9 0.0 0.0 51.5 10.63
Q3 2,735.9 0.0 0.0 30.6 10.67
Q4 2,815.5 0.0 0.0 51.0 9.85
2015 2
Q1 2,865.5 0.0 0.0 27.9 9.11
Q2 2,825.0 0.0 0.0 38.7 6.68
Q3 2,772.9 0.0 0.0 63.7 4.86
Q4 2,772.9 0.0 0.0 75.7 6.29
Source: Central Bank of Nigeria
Note: 1Revised
2
Provisional
End-Period (N' Billion) 1
Bankers FGN Bonds Total
Acceptances
0.0 0.0 11.7
0.0 0.0 15.5
0.0 0.0 22.8
0.0 0.0 26.1
0.0 0.0 28.3
0.0 0.0 29.0
0.0 0.0 38.6
0.1 0.0 49.7
0.1 0.0 37.7
0.1 0.0 66.9
0.2 0.0 97.3
0.1 0.0 144.8
1.9 0.0 149.0
4.7 0.0 153.9
8.1 0.0 148.3
12.2 0.0 126.6
11.7 0.0 249.7
17.5 0.0 249.2
12.0 0.0 396.6
31.8 0.0 518.4
30.8 0.0 652.5
32.2 0.0 804.6
33.9 72.6 980.6
24.0 72.6 1,049.5
41.1 250.8 1,342.4
45.7 643.9 1,585.3
81.8 1,186.2 2,209.4
66.4 1,445.6 2,846.9
62.2 1,974.9 3,394.8
79.2 2,901.6 4,447.3
73.4 3,541.2 5,545.5
9.9 4,080.0 6,247.9
20.5 4,222.0 6,853.9