2017 Statistical Bulletin - Financial Sector - Final

MENU
A.1.1 Monetary Survey
A.1.2 Quarterly Monetary Aggregates (N' Million)
A.1.3 Monetary Policy Targets and Outcomes (Growth Rates)
A.2.1 Monetary Authority’s Analytical Accounts – Assets
A.2.2 Monetary Authority’s Analytical Accounts - Liabilities
A.2.3 Monetary Authority's Survey
A.3.1 Commercial Banks' Statement - Asset
A.3.2 Commercial Banks' Statement - Liabilities
A.3.3 Commercial Banks' - Survey
A.3.4 Merchant Banks' Statement - Assets
A.3.5 Merchant Banks' Statement - Liabilities
A.3.6 Merchant Banks' - Survey
A.3.7 Deposit Money Banks' Statement - Assets
A.3.8 Deposit Money Banks' Statement - Liabilities
A.3.9 Deposit Money Banks' - Survey
A.3.10 Summary of Assets and Liabilities of Primary Mortgage Institutions
A.3.11 Summary of Assets and Liabilities of Community/Microfinance Banks
A.4.1 Commercial, Merchant & Deposit Money Banks' - Loans and Advances
A.4.2 Sectoral Distribution of Commercial Banks' Loans and Advances
A.4.3 Money Market Interest Rates
A.4.4 Weighted Average Savings and Lending Rates of Deposit Money Banks
A.4.5 Selected Financial Ratios of Commercial Banks

A.4.6 Deposits and Loans of Rural Branches of Commercial Banks
A.4.7 Number of Commercial Banks Branches in Nigeria and Abroad
A.4.8 Number of Commercial Banks Branches in Nigeria (by States) and Abroad
A.4.9 Commercial Banks Loans to Small Scale Enterprises
A.4.10 Consolidated Bankers' Clearing House Statistics
A.4.11 Payment Systems
A.5.1 Discount Houses' Statement of Assets/Liabilities – Assets
A.5.2 Discount Houses' Statement of Assets/Liabilities – Liabilities
A.5.3 Selected Financial Ratios of Discount Houses
A.5.4 Finance Houses' Statement of Assets and Liabilities
A.5.5 Number of Development & Specialised Institutions
A.5.6 Transactions at the Nigerian Stock Exchange
A.5.7 All Share Index on the Nigerian Stock Exchange
A.5.8 Total Annual Market Capitalization on the Nigerian Stock Exchange
A.5.9 Nigerian Stock Exchange Market Capitalization - Equities Only
A.5.10 Income and Expenditure of Insurance Companies in Nigeria
A.5.11 Sources of Income of Insurance Companies in Nigeria - All Companies
A.5.12 Breakdown of Total Expenditure of Insurance Business - All Companies
A.5.13 Breakdown of Total Assets of Insurance Companies
A.5.14 Total Insurance Business Investments
A.6.1 Value of Money Market Instruments Outstanding as at End Period
A.6.2 Treasury Bills: Issues and Subscriptions
A.6.3 Treasury Bills: Issues, Subscriptions and Allotments

A.6.4 Holdings of Treasury Bills Outstanding
A.6.5 Holdings of Treasury Certificates Outstanding
A.6.6 Holdings of Development Stocks
A.7.1 Savings Statistics – Cumulative
A.7.2 Selected Financial Deepening Indicators

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Table A.1.1: Monetary Survey (N' Billion)
MONETARY ASSETS/LIABILITIES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990
FOREIGN ASSETS (NET) 2.6 0.9 0.5 1.1 1.4 5.4 3.7 9.5 22.5 43.9
By Central Bank 2.4 0.8 0.4 0.7 1.1 2.8 0.4 2.5 12.7 34.2
By Commercial Banks 0.1 0.0 0.1 0.3 0.2 1.4 2.1 4.5 6.6 6.3
By Merchant Banks 2
0.0 0.1 0.1 0.1 0.1 1.1 1.2 2.5 3.2 3.4
DOMESTIC CREDIT (NET) 16.2 22.3 28.7 32.0 34.5 37.9 44.1 54.8 37.0 58.2
Claims on Federal Govt (Net): 6.5 10.7 16.5 19.1 20.3 19.6 22.2 29.3 7.4 22.8
By Central Bank 4.7 7.7 10.9 9.5 8.9 15.0 14.4 21.9 3.7 13.7
By Merchant Banks 2 0.1 0.2 0.4 0.9 1.1 0.1 0.3 0.2 0.1 0.4
Claims on Private Sector: 9.7 11.6 12.2 12.9 14.1 18.3 21.9 25.5 29.6 35.4
By Central Bank 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.7
Claims on State and Local Govts: - - - - - - - - - -

By Central Bank - - - - - - - - - -
By Commercial Banks - - - - - - - - - -
By Merchant Banks 2 - - - - - - - - - -
Claims on Non-Financial Public Enterprises: - - - - - - - - - -

By Central Bank - - - - - - - - - -
Claims on Other Private Sector: 9.7 11.6 12.2 12.9 14.1 18.3 21.9 25.5 29.6 35.4
By Central Bank 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.7
TOTAL MONETARY ASSETS 16.2 18.1 20.9 23.4 26.3 27.4 33.7 45.4 47.1 68.7
MONEY SUPPLY (M1) 9.9 10.3 11.5 12.5 13.9 13.6 15.2 22.2 26.3 39.2
Currency Outside Banks: 3.9 4.2 4.8 4.9 4.9 5.2 6.3 9.4 9.8 15.0
Currency in Circulation 4.3 4.7 5.3 5.3 5.4 5.7 6.9 10.2 10.7 16.2
Vault cash: currency held by commercial banks (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.6) (0.8) (1.0) (1.3)
Vault cash: currency held by merchant banks - - - - - - - - - -
Demand Deposits 1
6.1 6.1 6.7 7.6 9.0 8.4 8.9 12.8 16.5 24.2
Private Sector Deposits at CBN 1.2 0.9 0.8 1.3 1.9 1.7 0.9 2.2 6.3 8.6
Private Sector Deposits at Commercial Banks 4.9 5.2 5.9 6.3 7.0 6.6 8.0 10.7 10.2 15.6
QUASI MONEY1 6.2 7.8 9.4 10.9 12.4 13.8 18.5 23.2 20.8 29.5
Time, Savings & Foreign Currency Deposits of: 6.1 7.5 8.9 10.4 11.9 13.2 17.9 22.4 19.5 27.1
Commercial Banks 5.8 6.8 8.1 9.4 10.6 11.5 15.1 18.4 17.0 23.2
Merchant Banks 0.3 0.7 0.8 1.0 1.3 1.7 2.8 4.0 2.5 4.0
Other Private Sector Deposits at Merchant Banks 0.1 0.3 0.5 0.5 0.5 0.6 0.6 0.8 1.3 2.4
TOTAL MONETARY LIABILITIES (M2) 16.2 18.1 20.9 23.4 26.3 27.4 33.7 45.4 47.1 68.7
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
Table A.1.1: Monetary Survey (N' Billion)- Continued
MONETARY ASSETS/LIABILITIES 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
FOREIGN ASSETS (NET) 56.0 35.8 63.6 56.2 108.7 238.0 234.0 247.0 666.3 1,275.0
By Central Bank 41.5 10.2 31.3 33.6 35.3 177.8 167.4 157.4 510.0 1,067.1
By Merchant Banks 2
5.0 7.4 8.0 5.3 16.8 12.9 14.1 16.6 26.3 28.2
DOMESTIC CREDIT (NET) 81.7 171.1 280.7 439.1 474.4 371.1 365.9 512.5 632.0 472.0
Claims on Federal Govt (Net): 39.6 91.1 185.2 288.1 263.0 110.5 46.4 139.9 176.8 (124.0)
By Central Bank 32.1 85.6 147.9 242.1 243.9 60.1 11.3 94.6 15.3 (343.0)
Claims on Private Sector: 42.1 80.0 95.5 151.0 211.4 260.6 319.5 372.6 455.2 596.0
By Central Bank 0.7 4.5 6.7 7.5 7.3 5.8 8.2 6.0 6.2 8.0
Claims on State and Local Govts: - 1.5 1.5 2.2 2.9 3.5 1.5 0.9 2.1 7.6
By Central Bank - 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0
By Commercial Banks - 1.3 1.5 1.9 2.7 3.3 1.4 0.8 2.1 7.5
By Merchant Banks 2 - 0.2 0.0 0.2 0.3 0.2 0.1 0.1 0.0 0.1
Claims on Non-Financial Public Enterprises: - 2.3 2.7 3.7 3.5 1.5 1.5 0.9 0.7 1.0
By Central Bank - 2.3 2.7 3.7 3.5 1.5 1.5 0.9 0.7 1.0
Claims on Other Private Sector: 42.1 76.1 91.2 145.1 204.9 255.6 316.6 370.7 452.4 587.5
By Central Bank 0.7 2.1 4.0 3.7 3.8 4.2 6.7 5.1 5.5 7.0
TOTAL MONETARY ASSETS 87.5 129.1 198.5 266.9 318.8 370.3 429.7 525.6 699.7 1,036.1
MONEY SUPPLY (M1) 50.1 76.0 118.8 169.4 201.4 227.5 268.6 318.6 393.1 637.7
Currency Outside Banks: 23.1 36.8 57.8 90.6 106.8 116.1 130.7 156.7 186.5 274.0
Currency in Circulation 25.3 39.7 62.6 96.2 113.9 126.0 144.8 172.4 208.6 310.5
Vault cash: currency held by commercial banks (2.2) (2.9) (4.7) (5.5) (7.1) (9.9) (14.1) (15.5) (21.9) (35.0)
Vault cash: currency held by merchant banks - (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.2) (1.5)
Demand Deposits 1
27.0 39.2 60.9 78.8 94.6 111.3 138.0 161.9 206.6 363.7
Private Sector Deposits at CBN 4.9 6.0 11.0 13.4 15.1 15.4 12.5 19.6 4.5 18.7
Private Sector Deposits at Commercial Banks 22.0 33.3 49.9 65.3 79.5 95.9 125.4 142.3 202.2 345.0
QUASI MONEY1 37.4 53.1 79.7 97.6 117.3 142.9 161.1 207.1 306.7 398.3
Time, Savings & Foreign Currency Deposits of: 35.4 49.8 74.1 88.5 111.3 134.8 154.6 198.3 298.9 386.4
Commercial Banks 30.4 41.8 60.5 77.2 99.5 118.5 135.8 172.1 274.2 357.1
Merchant Banks 5.0 8.0 13.5 11.3 11.8 16.3 18.8 26.3 24.7 29.3
Other Private Sector Deposits at Merchant Banks 2.0 3.3 5.7 9.0 6.1 8.1 6.5 8.7 7.7 12.0
TOTAL MONETARY LIABILITIES (M2) 87.5 129.1 198.5 266.9 318.8 370.3 429.7 525.6 699.7 1,036.1
Note: 1excludes takings from discount houses
2
MONETARY ASSETS/LIABILITIES 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
FOREIGN ASSETS (NET) 1,347.6 1,282.2 1,388.2 2,644.7 4,098.5 6,307.9 7,266.5 8,550.4 7,593.3 6,506.6 7,138.7 9,043.7
By Central Bank 1,059.7 903.0 971.7 2,182.3 3,658.5 5,603.4 6,570.3 7,270.8 6,522.2 5,372.3 5,823.8 7,393.6
By Commercial Banks 287.8 379.3 416.6 462.4 440.0 704.5 696.2 1,279.6 1,071.1 1,134.3 1,314.9 1,647.9
By Merchant Banks 2
- - - - - - - - - - - -
By Non Interest Banks 2
- - - - - - - - - - - 2.2
- - - -
DOMESTIC CREDIT (NET) 849.0 1,329.4 1,803.9 2,020.2 2,313.4 714.2 2,688.2 4,951.9 7,862.6 8,498.6 13,152.9 12,698.2
Claims on Federal Govt (Net): (6.0) 373.6 591.9 485.7 306.0 (1,936.6) (2,368.5) (3,107.7) (2,356.7) (1,331.7) (1,030.7) (2,453.6)
By Central Bank (185.9) (41.2) 293.5 (6.1) (205.7) (2,796.0) (4,074.4) (4,532.1) (3,731.6) (2,884.0) (3,514.4) (3,574.4)
By Commercial Banks 179.9 414.9 298.4 491.8 511.8 859.4 1,705.9 1,424.4 1,374.9 1,552.3 2,483.7 1,120.5
By Merchant Banks 2 - - - -
By Non Interest Banks 2 - - - 0.3
Memo: Claims on Federal Government (net) less FMA 770.0 1,412.7 2,205.4 483.0
Memo: Claims on Federal Government (net) less FMA (3,126.7) (2,744.4) (3,236.1) (2,936.6)
MA:Claims on Federal Government (604.9) (139.6) (278.3) (637.8)
- - - -
Claims on Private Sector: 855.0 955.8 1,212.0 1,534.4 2,007.4 2,650.8 5,056.7 8,059.5 10,219.3 9,830.3 14,183.6 15,151.8
By Central Bank 10.5 7.3 8.8 15.2 16.2 41.5 236.0 260.1 551.5 632.2 4,569.1 4,708.3
By Commercial Banks 844.5 948.5 1,203.2 1,519.2 1,991.1 2,609.3 4,820.7 7,799.4 9,667.9 9,198.2 9,614.4 10,441.0
By Merchant Banks 2 - - - - - - - - - - - -
By Non Interest Banks 2 - - - - - - - - - - - 2.5
Claims on State and Local Govts: 26.8 17.3 20.2 24.6 54.5 80.7 87.8 149.8 310.3 369.8 513.2 665.9
By Central Bank - - - - - - - - - - - -
By Commercial Banks 26.8 17.3 20.2 24.6 54.5 80.7 87.8 149.8 310.3 369.8 513.2 665.9
By Non Interest Banks 2 - - - - - - - - - - - -
Claims on Non-Financial Public Enterprises: 1.1 0.2 0.2 1.9 2.4 13.2 - - 13.2 - - -
By Central Bank 1.1 0.2 0.2 1.9 2.4 13.2 - - 13.2 - - -
By Commercial Banks - - - - - - - - - - - -
By Non Interest Banks 2 - - - - - - - - - - - -
Claims on Other Private Sector: 827.1 938.3 1,191.5 1,507.9 1,950.4 2,556.9 4,969.0 7,909.8 9,895.8 9,460.5 13,670.4 14,485.9
By Central Bank 9.4 7.1 8.6 13.3 13.8 28.3 236.0 260.1 538.2 632.2 4,569.1 4,708.3
By Commercial Banks 817.7 931.1 1,183.0 1,494.6 1,936.6 2,528.6 4,732.9 7,649.6 9,357.6 8,828.4 9,101.2 9,775.1
- - - - - - - - - - - 2.5
OTHER ASSETS (NET) (880.7) (1,012.1) (1,207.0) (2,401.3) (3,597.0) (2,994.2) (4,144.9) (4,335.5) (4,675.3) (3,479.7) (6,988.0) (6,258.0)
TOTAL MONETARY ASSETS 1,315.9 1,599.5 1,985.2 2,263.6 2,814.8 4,027.9 5,809.8 9,166.8 10,780.6 11,525.5 13,303.5 15,483.8
MONEY SUPPLY (M1) 816.7 946.3 1,225.6 1,330.7 1,725.4 2,280.6 3,116.3 4,857.3 5,017.1 5,571.3 6,771.6 7,420.9
Currency Outside Banks: 338.7 386.9 412.2 458.6 563.2 650.9 737.9 892.7 927.2 1,082.3 1,245.1 1,301.2
Currency in Circulation 403.5 463.2 502.3 545.8 642.4 779.3 960.8 1,155.3 1,181.5 1,378.1 1,566.0 1,631.7
Vault cash: currency held by commercial banks (64.8) (76.2) (90.1) (87.2) (79.2) (128.3) (222.9) (262.7) (254.3) (295.8) (320.9) (330.2)
Vault cash: currency held by merchant banks - - - - - - - - - - - -
Vault cash: currency held by Non Interest banks - - - - - - - - - - - (0.4)
Demand Deposits 1
478.0 559.3 813.4 872.1 1,162.2 1,629.7 2,378.4 3,964.6 4,089.9 4,489.0 5,526.4 6,119.8
Private Sector Deposits at CBN 30.0 55.4 235.7 143.5 215.5 131.8 70.5 314.0 703.4 658.7 605.6 1,046.8
Private Sector Deposits at Commercial Banks 448.0 503.9 577.7 728.6 946.6 1,497.9 2,307.9 3,650.6 3,386.5 3,830.3 4,920.9 5,070.0
Private Sector Deposits at Merchant Banks - - - - - - - - - - - -
Private Sector Deposits at Non Interest Banks - - - - - - - - - - - 3.0
QUASI MONEY1 499.2 653.2 759.6 932.9 1,089.5 1,747.3 2,693.6 4,309.5 5,763.5 5,954.3 6,531.9 8,062.9
Time, Savings & Foreign Currency Deposits of: 499.2 653.2 759.6 932.9 1,089.5 1,747.3 2,693.6 4,309.5 5,763.5 5,954.3 6,531.9 8,062.1
Commercial Banks 499.2 653.2 759.6 932.9 1,089.5 1,747.3 2,693.6 4,309.5 5,763.5 5,954.3 6,531.9 8,062.1
Of which Foreign Currency Deposit 47.2 109.0 122.6 172.5 188.5 302.4 474.4 924.1 1,444.3 1,506.3 1,965.5 2,727.0
Merchant Banks - - - - - - - - - - - -
Of which Foreign Currency Deposit - - - - - - - - - - - -
Other Private Sector Deposits at Non Interest Banks - - - - - - - - - - - 0.8
Of which Foreign Currency Deposit - - - - - - - - - - - -
TOTAL MONETARY LIABILITIES (M2) 1,315.9 1,599.5 1,985.2 2,263.6 2,814.8 4,027.9 5,809.8 9,166.8 10,780.6 11,525.5 13,303.5 15,483.8
Note: excludes takings from discount houses
1
2
2016 2017
MONETARY ASSETS/LIABILITIES 2013 2014 2015
March June September December March June September December
FOREIGN ASSETS (NET) 8,658.6 6,954.2 5,653.3 5,551.7 7,105.7 7,742.3 9,149.7 7,628.5 8,468.1 10,050.5 15,520.8
By Central Bank 7,043.9 6,244.7 5,545.3 5,178.2 6,840.4 7,791.1 8,790.7 7,624.2 8,378.9 9,870.2 15,134.6
By Commercial Banks 1,611.7 712.6 125.4 373.2 254.5 (51.7) 346.2 26.8 101.7 228.4 422.4
By Merchant Banks 2
1.1 (6.4) (18.8) (1.4) 8.5 1.9 11.7 (28.2) (21.0) (56.1) (41.7)
1.9 3.3 1.4 1.7 2.3 1.0 1.1 5.8 8.5 8.1 5.4
- - - - - - - - - - -
DOMESTIC CREDIT (NET) 14,535.2 19,273.8 21,612.5 22,664.8 24,623.6 26,254.7 26,857.7 27,675.4 27,236.4 26,985.3 25,931.6
Claims on Federal Govt (Net): (1,656.3) 1,147.7 2,891.9 3,781.4 3,171.4 3,515.0 4,875.6 5,303.5 5,250.5 4,963.4 3,640.9
By Central Bank (2,289.1) (2,141.7) (1,653.1) (850.7) (1,185.8) (1,275.3) 109.2 191.4 232.8 (137.9) (353.6)
By Commercial Banks 597.0 3,214.4 4,470.3 4,472.9 4,179.9 4,569.1 4,563.3 4,909.1 4,821.7 4,857.8 3,842.8
By Merchant Banks 2 36.6 75.0 74.7 159.2 177.3 221.2 203.1 203.0 196.0 243.4 151.7
By Non Interest Banks 2 (0.8) - - - - - - - - - -
Memo: Claims on Federal Government (net) less FMA 174.4 3,169.1 4,474.0 4,990.0 5,281.6 5,982.4 6,930.2 6,533.0 7,295.0 7,490.4 6,211.6
Memo: Claims on Federal Government (net) less FMA (1,830.7) (2,021.4) (1,582.0) (1,208.7) (2,110.1) (2,467.5) (2,054.6) (1,229.5) (2,044.5) (2,527.0) (2,570.7)
MA:Claims on Federal Government (458.4) (120.3) (71.0) 358.0 924.4 1,192.2 2,163.8 1,420.9 2,277.3 2,389.1 2,217.1
- - - - - - - - - - -
Claims on Private Sector: 16,191.5 18,126.0 18,720.5 18,883.4 21,452.2 22,739.7 21,982.1 22,371.8 21,985.9 22,021.9 22,290.7
By Central Bank 4,599.4 4,859.9 5,061.6 5,166.7 5,402.9 6,044.8 5,298.3 5,792.9 5,692.3 5,532.6 5,870.7
By Commercial Banks 11,543.6 13,179.6 13,568.5 13,580.4 15,903.6 16,530.1 16,500.2 16,392.9 16,092.2 16,272.2 16,193.9
By Non Interest Banks 2 10.5 23.9 27.5 30.3 33.8 35.9 38.6 37.8 40.3 47.0 49.4
Claims on State and Local Govts: 779.1 538.8 585.1 669.1 729.4 833.1 989.5 1,089.4 1,180.3 1,257.1 1,544.8
By Central Bank - - - - 27.8 146.0 300.4 379.3 495.9 538.1 640.4
By Commercial Banks 776.7 536.4 583.8 659.0 698.8 684.5 681.8 702.7 678.4 703.8 892.0
By Merchant Banks 2 1.4 - - 8.9 1.7 1.6 6.3 6.4 5.0 6.3 6.3
Claims on Non-Financial Public Enterprises: 23.6 25.6 25.6 170.0 319.7 345.9 25.6 282.4 33.0 27.4 27.5
By Central Bank 23.6 25.6 25.6 170.0 319.7 345.9 25.6 282.4 33.0 27.4 27.5
By Commercial Banks - - - - - - - - - - -
By Merchant Banks 2 - - - - - - - - - - -
By Non Interest Banks 2 - - - - - - - - - - -
Claims on Other Private Sector: 15,388.8 17,561.7 18,109.9 18,044.3 20,403.1 21,560.6 20,967.0 21,000.1 20,772.7 20,737.4 20,718.3
By Central Bank 4,575.8 4,834.3 5,036.0 4,996.7 5,055.4 5,552.9 4,972.3 5,131.2 5,163.4 4,967.1 5,202.7
By Commercial Banks 10,767.0 12,643.2 12,984.7 12,921.4 15,204.8 15,845.5 15,818.3 15,690.2 15,413.8 15,568.4 15,301.8
OTHER ASSETS (NET) (7,504.9) (7,314.9) (7,235.9) (7,746.1) (9,651.3) (11,983.2) (12,415.6) (12,999.6) (13,723.9) (15,081.8) (17,311.7)
TOTAL MONETARY ASSETS 15,689.0 18,913.0 20,029.8 20,470.4 22,078.0 22,013.8 23,591.7 22,304.3 21,980.6 21,954.0 24,140.6
MONEY SUPPLY (M1) 7,032.8 6,904.8 8,571.7 9,040.8 9,519.0 9,829.7 11,271.5 10,234.5 10,190.2 10,064.2 11,175.6
Currency Outside Banks: 1,446.7 1,437.4 1,456.1 1,441.4 1,379.0 1,477.4 1,820.4 1,661.0 1,477.1 1,435.3 1,782.7
Currency in Circulation 1,776.4 1,798.0 1,857.9 1,811.1 1,684.6 1,794.3 2,179.2 1,983.6 1,873.5 1,781.0 2,157.2
Vault cash: currency held by commercial banks (328.8) (359.4) (399.9) (367.8) (303.6) (314.5) (356.2) (317.6) (393.6) (342.7) (372.2)
Vault cash: currency held by merchant banks (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (2.2) (0.1) (0.0) (0.0)
Vault cash: currency held by Non Interest banks (0.9) (1.2) (1.9) (2.0) (1.9) (2.4) (2.5) (2.8) (2.7) (3.0) (2.4)
Demand Deposits 1
5,586.2 5,467.4 7,115.6 7,599.5 8,139.9 8,352.3 9,451.1 8,573.5 8,713.0 8,628.9 9,392.9
Private Sector Deposits at CBN 417.1 217.0 1,229.7 1,606.3 2,187.2 2,493.4 3,249.4 2,421.2 2,573.8 2,625.2 2,973.2
Private Sector Deposits at Commercial Banks 5,160.8 5,221.3 5,873.5 5,975.8 5,926.8 5,841.1 6,180.0 6,131.0 6,114.5 5,980.5 6,388.7
Private Sector Deposits at Merchant Banks 0.5 1.5 12.4 17.3 25.9 17.7 21.6 21.3 24.8 23.2 31.0
Private Sector Deposits at Non Interest Banks 7.7 27.5 - - - - - - - - -
QUASI MONEY1 8,656.1 12,008.2 11,458.1 11,429.6 12,559.0 12,184.1 12,320.2 12,069.7 11,790.4 11,889.7 12,965.1
Time, Savings & Foreign Currency Deposits of: 8,642.7 12,008.2 11,418.4 11,383.3 12,512.6 12,138.7 12,269.9 12,007.8 11,732.1 11,833.2 12,896.9
Commercial Banks 8,606.6 11,936.9 11,363.5 11,210.3 12,336.9 11,965.0 12,096.6 11,832.7 11,544.9 11,634.2 12,690.0
Of which Foreign Currency Deposit 3,402.2 3,961.9 3,392.5 3,370.7 4,375.4 4,313.9 4,159.9 3,866.3 4,135.4 3,997.0 4,344.0
Merchant Banks 36.0 71.3 54.9 173.0 175.7 173.7 173.3 175.1 187.3 199.0 206.9
Of which Foreign Currency Deposit 0.8 5.2 13.4 16.2 17.6 15.5 9.5 11.1 20.9 21.9 7.8
Other Private Sector Deposits at Non Interest Banks 13.5 - 39.7 46.3 46.5 45.4 50.3 62.0 58.3 56.5 68.1
Of which Foreign Currency Deposit 0.3 - 1.2 0.6 0.5 0.5 0.7 2.2 1.5 2.0 1.1
TOTAL MONETARY LIABILITIES (M2) 15,689.0 18,913.0 20,029.8 20,470.4 22,078.0 22,013.8 23,591.7 22,304.3 21,980.6 21,954.0 24,140.6
Note: excludes takings from discount houses
1
2
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Table A.1.2: Quarterly Monetary Aggregates (N' Billion)
Period NFA NCG CPS CCP CSLG RM M1 M2 PSDD Reserves CIC

1981
Q1 5.8 1.9 - 7.9 - 3.0 7.2 12.9 5.3 0.7 2.3
Q2 5.8 1.8 - 8.4 - 2.9 7.4 13.2 5.5 0.6 2.3
Q3 4.4 3.8 - 9.2 - 2.1 6.9 13.1 5.9 0.7 1.4
Q4 2.6 6.5 - 9.7 - 5.0 9.9 16.2 6.1 0.7 4.3
1982
Q1 1.1 6.2 - 10.4 - 4.7 9.1 16.0 5.3 0.5 4.2
Q2 0.7 6.8 - 10.9 - 4.9 9.2 16.5 5.4 0.7 4.2
Q3 0.7 6.2 - 11.2 - 5.2 9.4 17.0 5.6 1.0 4.3
Q4 0.9 10.7 - 11.6 - 5.8 10.3 18.1 6.1 1.1 4.7
1983
Q1 0.7 8.6 - 11.6 - 5.8 9.6 17.3 5.4 1.3 4.6
Q2 0.5 11.3 - 11.7 - 5.3 10.2 18.5 6.0 0.7 4.6
Q3 0.6 13.6 - 11.7 - 5.4 11.4 20.2 6.8 0.5 4.9
Q4 0.5 16.5 - 12.2 - 6.1 11.5 20.9 6.7 0.8 5.3
1984
Q1 0.6 16.0 - 12.4 - 6.3 11.4 21.1 6.5 1.0 5.2
Q2 0.9 16.5 - 12.5 - 4.8 11.1 21.4 7.5 0.8 4.0
Q3 0.8 16.5 - 12.4 - 5.9 11.8 22.2 7.2 0.9 5.1
Q4 1.1 19.1 - 12.9 - 5.9 12.5 23.4 7.6 0.6 5.3
1985
Q1 1.1 16.6 - 13.0 - 5.7 11.9 23.0 7.4 0.9 4.9
Q2 1.0 17.6 - 13.1 - 5.6 12.4 23.9 8.0 0.9 4.8
Q3 0.6 20.6 - 13.4 - 5.7 13.6 25.6 9.1 0.8 4.9
Q4 1.4 20.3 - 14.1 - 5.7 13.9 26.3 9.0 0.3 5.4
1986
Q1 1.2 17.0 - 14.7 - 5.9 13.6 26.6 8.7 0.6 5.3
Q2 1.1 17.8 - 15.3 - 5.8 12.8 26.1 8.1 0.6 5.2
Q3 2.0 17.5 - 16.9 - 6.0 14.7 29.5 9.8 0.6 5.3
Q4 5.4 19.6 - 18.3 - 6.7 13.6 27.4 8.4 1.0 5.7
1987
Q1 4.7 20.1 - 18.8 - 6.1 12.5 26.6 7.6 0.8 5.3
Q2 1.3 19.0 - 19.5 - 6.0 12.2 27.5 7.4 0.7 5.3
Q3 3.3 18.9 - 20.4 - 6.7 12.7 29.1 7.5 1.0 5.6
Q4 3.7 22.2 - 21.9 - 8.5 15.2 33.7 8.9 1.6 6.9
1988
Q1 2.7 22.4 - 23.0 - 8.1 16.5 36.7 9.9 1.1 7.0
Q2 4.6 19.8 - 23.4 - 8.6 17.5 39.2 10.6 1.1 7.5
Q3 4.5 20.1 - 25.4 - 9.1 17.9 40.2 10.3 0.9 8.2
Q4 9.5 29.3 - 25.5 - 11.7 22.2 45.4 12.8 1.5 10.2
1989
Q1 15.0 28.2 - 27.8 - 12.2 23.8 49.4 13.8 1.3 10.8
Q2 15.1 20.4 - 28.6 - 12.7 24.5 48.1 14.1 1.5 11.2
Q3 18.9 11.4 - 29.0 - 12.4 23.7 44.2 12.8 0.7 11.6
Q4 22.5 7.4 - 29.6 - 11.8 26.3 47.1 16.5 1.1 10.7
1990
Q1 29.4 13.2 - 31.7 - 13.0 27.3 50.2 17.0 1.2 11.8
Q2 32.5 2.2 - 31.8 - 14.2 25.6 49.0 14.2 1.7 12.6
Q3 35.4 3.0 - 35.9 - 14.7 31.2 56.9 19.4 1.6 13.0
Q4 43.9 22.8 - 35.4 - 18.3 39.2 68.7 24.2 2.1 16.2
1991
Q1 52.5 10.5 - 34.2 - 19.5 40.7 71.0 25.1 2.8 16.7
Q2 53.6 21.0 - 37.7 - 18.7 46.5 80.1 29.8 0.9 17.8
Q3 49.9 6.3 - 38.8 - 24.9 45.9 81.2 27.9 5.5 19.4
Q4 56.0 39.6 - 42.1 - 29.9 50.1 87.5 27.0 4.5 25.3

1992
Q1 84.0 45.4 - 43.8 - 27.5 59.9 102.7 36.7 2.6 24.9
Q2 85.3 22.3 - 55.0 - 30.7 70.6 114.9 44.9 3.0 27.7
Q3 81.3 31.4 - 48.7 - 35.9 73.5 121.6 44.0 4.2 31.8
Q4 35.8 91.1 80.0 76.1 1.5 77.3 76.0 129.1 39.2 31.6 39.7
1993
Q1 46.4 84.0 99.5 94.7 1.7 95.2 82.4 146.6 43.3 45.1 42.9
Q2 64.1 71.2 134.3 129.2 1.9 103.5 91.4 159.5 46.8 46.4 47.9
Q3 61.7 87.3 155.0 149.8 1.8 109.8 100.9 176.1 49.2 46.6 55.4
Q4 63.6 185.2 95.5 91.2 1.5 115.5 118.8 198.5 60.9 42.0 62.6
1994
Q1 55.0 196.5 137.5 132.6 1.6 154.7 118.6 208.2 63.9 81.7 57.9
Q2 52.3 200.4 143.8 138.4 1.9 137.1 131.6 228.3 75.8 58.8 59.8
Q3 35.0 202.0 145.0 139.2 2.0 139.4 142.8 242.8 74.6 54.8 72.2
Q4 56.2 288.1 151.0 145.1 2.2 151.7 169.4 266.9 78.8 42.1 96.2
1995
Q1 105.3 183.8 147.1 141.1 2.3 146.9 158.2 254.5 71.8 49.8 91.1
Q2 121.3 175.1 180.3 173.1 2.5 167.3 177.1 290.7 89.6 59.4 93.6
Q3 111.0 167.3 193.5 187.5 2.4 187.0 181.0 301.9 91.5 81.3 95.3
Q4 108.7 263.0 211.4 204.9 2.9 182.8 201.4 318.8 94.6 53.8 113.9
1996
Q1 119.1 180.3 218.0 212.3 2.1 178.1 203.3 328.7 102.2 59.1 106.9
Q2 122.2 216.4 234.8 228.9 4.6 185.9 213.3 354.0 111.7 62.5 108.3
Q3 131.9 179.4 252.0 247.2 3.2 180.3 209.3 351.9 105.8 55.7 110.8
Q4 238.0 110.5 260.6 255.6 3.5 194.0 227.5 370.3 111.3 52.5 126.0
1997
Q1 204.9 67.5 284.9 279.8 3.6 178.2 242.4 409.9 130.1 41.1 119.3
Q2 226.0 75.6 321.4 314.6 5.0 171.5 243.1 410.6 133.9 40.3 118.7
Q3 237.4 38.8 339.5 334.6 3.0 176.7 244.3 425.5 131.2 41.1 122.9
Q4 234.0 46.4 319.5 316.6 1.5 202.7 268.6 429.7 138.0 45.3 144.8
1998
Q1 254.5 34.8 327.9 325.1 1.1 195.1 273.0 468.0 147.7 42.6 137.7
Q2 275.3 47.2 353.9 351.2 1.2 207.3 277.3 477.3 152.5 46.6 141.7
Q3 285.1 34.2 357.8 355.5 0.9 224.2 302.4 527.0 173.3 51.3 143.9
Q4 247.0 139.9 372.6 370.7 0.9 236.5 318.6 525.6 161.9 44.5 172.4
1999
Q1 634.9 (33.2) 401.4 395.4 4.3 286.3 367.6 609.0 217.3 64.2 170.9
Q2 608.4 142.8 427.4 425.2 1.4 252.7 364.9 634.9 218.0 73.2 169.9
Q3 624.0 91.3 441.0 437.4 2.8 235.3 353.9 655.6 204.1 65.3 165.9
Q4 666.3 176.8 455.2 452.4 2.1 287.9 393.1 699.7 206.6 74.9 208.6
2000
Q1 774.8 20.3 478.2 470.1 3.4 300.4 474.4 795.5 298.6 88.6 197.8
Q2 888.7 (26.4) 522.3 511.6 6.2 305.2 505.1 904.2 325.4 96.1 204.0
Q3 920.4 48.2 564.2 552.1 8.6 366.3 542.3 962.7 337.5 120.4 234.2
Q4 1,275.0 (124.0) 596.0 587.5 7.6 426.6 637.7 1,036.1 363.7 97.4 310.5
2001
Q1 1,263.2 25.8 713.6 690.4 22.5 479.4 759.0 1,274.0 477.2 136.7 320.3
Q2 1,398.4 (69.9) 758.6 729.4 28.5 490.2 751.1 1,263.2 461.4 133.6 340.9
Q3 1,440.5 (27.4) 832.6 810.5 19.5 521.5 773.7 1,327.6 488.5 150.6 344.2
Q4 1,347.6 (6.0) 855.0 827.1 26.8 545.9 816.7 1,315.9 478.0 142.4 403.5
2002
Q1 1,326.2 112.0 892.9 871.7 16.5 644.2 835.9 1,423.3 519.8 273.0 371.1
Q2 1,248.9 126.6 939.4 925.3 12.2 596.2 872.1 1,502.1 582.0 241.9 354.4
Q3 1,191.6 211.6 968.6 944.6 21.9 628.8 933.6 1,605.4 626.8 256.8 372.0
Q4 1,282.2 373.6 955.8 938.3 17.3 591.6 946.3 1,599.5 559.3 128.4 463.2

2003
Q1 1,346.5 430.7 1,024.3 1,010.6 13.5 610.8 1,121.5 1,918.9 753.2 175.7 435.1
Q2 1,325.9 605.0 1,066.0 1,047.6 17.0 653.9 1,319.7 2,124.3 937.2 208.7 445.2
Q3 1,173.9 625.7 1,065.1 1,045.8 15.4 642.2 1,264.0 1,981.1 901.6 207.6 434.6
Q4 1,388.2 591.9 1,212.0 1,191.5 20.2 688.7 1,225.6 1,985.2 813.4 186.4 502.3
2004
Q1 1,570.6 500.0 1,321.1 1,303.4 17.4 635.0 1,201.5 2,106.2 817.2 168.5 466.5
Q2 1,829.7 453.8 1,393.8 1,372.9 20.6 654.5 1,214.8 2,113.3 841.8 198.2 456.3
Q3 2,010.6 453.0 1,489.3 1,464.2 23.8 650.5 1,262.9 2,156.8 877.3 192.5 458.0
Q4 2,644.7 485.7 1,534.4 1,507.9 24.6 732.3 1,330.7 2,263.6 872.1 186.5 545.8
2005
Q1 3,140.5 593.2 1,666.8 1,642.9 21.4 736.7 1,469.6 2,568.1 1,040.5 223.8 512.8
Q2 3,397.9 341.7 1,840.8 1,816.7 20.5 747.9 1,454.2 2,691.3 1,038.3 253.0 494.9
Q3 4,003.9 603.1 1,986.2 1,937.5 45.5 808.6 1,557.0 2,773.0 1,112.4 295.2 513.4
Q4 4,098.5 306.0 2,007.4 1,950.4 54.5 762.8 1,725.4 2,814.8 1,162.2 120.4 642.4
2006
Q1 5,109.0 471.9 2,127.0 2,040.8 80.8 728.9 1,837.5 3,307.7 1,357.5 165.2 563.7
Q2 5,568.8 360.8 2,303.7 2,257.5 42.2 797.6 2,216.9 3,911.8 1,702.3 194.8 602.8
Q3 5,718.7 (235.1) 2,571.7 2,494.5 70.7 816.0 2,329.0 4,320.7 1,804.6 200.8 615.1
Q4 6,307.9 (1,936.6) 2,650.8 2,556.9 80.7 974.9 2,280.6 4,027.9 1,629.7 195.6 779.3
2007
Q1 6,997.9 (2,508.6) 3,048.9 2,982.2 53.5 841.3 2,602.4 4,798.3 2,009.1 113.8 727.4
Q2 7,633.4 (2,615.0) 3,503.7 3,463.4 40.3 858.3 2,639.1 5,116.2 2,113.3 143.3 715.0
Q3 6,977.3 (2,462.9) 4,203.2 4,144.2 59.0 967.3 3,038.6 5,672.6 2,495.2 245.0 722.3
Q4 7,266.5 (2,368.5) 5,056.7 4,969.0 87.8 1,195.3 3,116.3 5,809.8 2,378.4 234.5 960.8
2008
Q1 7,991.6 (2,502.0) 5,964.3 5,862.3 102.0 1,200.0 4,546.1 7,998.2 3,883.3 308.2 891.8
Q2 8,316.2 (2,716.4) 6,754.7 6,655.3 99.4 1,517.8 4,328.5 7,948.4 3,655.5 599.5 918.3
Q3 8,523.5 (3,230.0) 7,474.7 7,378.5 96.1 1,247.2 4,521.8 8,960.3 3,765.0 270.8 976.4
Q4 8,550.4 (3,107.7) 8,059.5 7,909.8 149.8 1,549.1 4,857.3 9,166.8 3,964.6 393.8 1,155.3
2009
Q1 8,105.3 (3,605.9) 8,226.4 8,015.6 210.9 1,384.0 4,666.7 8,997.8 3,862.6 346.3 1,037.8
Q2 7,643.6 (3,150.0) 8,556.9 8,305.3 251.7 1,291.5 4,484.6 9,077.0 3,738.2 284.9 1,006.6
Q3 6,886.9 (2,957.1) 9,811.4 9,516.4 295.0 1,262.0 4,333.5 9,458.5 3,554.8 230.1 1,031.9
Q41 7,593.3 (2,356.7) 10,219.3 9,895.8 310.3 1,653.9 5,017.1 10,780.6 4,089.9 472.3 1,181.5
2010 1
Q1 7,249.6 (1,782.2) 10,050.7 9,715.6 321.8 1,810.9 4,966.5 11,023.3 4,132.9 724.4 1,086.5
Q2 6,484.8 (1,585.9) 10,102.8 9,783.7 319.2 1,535.1 4,918.0 10,845.5 4,122.6 471.5 1,063.6
Q3 6,454.0 (1,324.0) 10,336.1 9,994.9 341.2 1,344.3 5,255.9 11,224.8 4,375.0 218.9 1,125.4
Q4 6,506.6 (1,331.7) 9,830.3 9,460.5 369.8 1,845.7 5,571.3 11,525.5 4,489.0 467.6 1,378.1
2011 1
Q1 6,988.1 (1,450.5) 9,446.9 9,070.2 376.8 1,705.9 5,424.5 11,653.6 4,311.8 289.5 1,416.4
Q2 6,453.7 (1,262.2) 9,957.9 9,537.7 420.2 2,065.1 5,637.3 12,172.1 4,620.8 711.1 1,354.0
Q3 6,669.8 (1,215.9) 11,110.7 10,710.6 400.2 1,908.2 6,002.3 12,618.1 4,990.5 565.9 1,342.4
Q4 7,138.7 (1,030.7) 14,183.6 13,670.4 513.2 2,784.1 6,771.6 13,303.5 5,526.4 1,218.0 1,566.0
2012 1
Q1 7,306.7 (855.0) 14,119.9 13,581.8 538.1 2,527.6 6,522.9 13,271.0 5,381.6 1,094.8 1,432.8
Q2 7,522.3 (1,681.6) 14,701.1 14,114.8 586.3 2,512.0 6,599.4 13,483.1 5,511.1 1,148.2 1,363.7
Q3 8,301.5 (1,867.4) 14,754.0 14,155.0 599.0 3,117.8 6,392.5 14,065.3 5,322.3 1,769.0 1,348.8
Q4 9,043.7 (2,453.6) 15,151.8 14,485.9 665.9 3,704.5 7,420.9 15,483.8 6,119.8 2,072.8 1,631.7
2013 1
Q1
NFA = Net 9,685.9 (2,521.0) 15,261.9 14,599.9 662.0 3,911.5 6,938.5 15,669.2 5,695.9 2,403.0 1,508.5
Q2
Foreign 9,164.4 (2,542.7) 15,692.0 15,031.0 661.0 3,236.2 6,939.5 15,593.2 5,811.7 1,810.6 1,425.5
Assets, NCG
= NetQ3Credit 8,923.5 (3,191.4) 16,279.3 15,574.3 704.9 4,650.0 6,293.5 14,362.5 5,125.3 3,175.9 1,474.0
to Q4 8,658.6 (1,656.3) 16,191.5 15,388.8 779.1 5,090.2 7,032.8 15,689.0 5,586.2 3,313.8 1,776.4
Governmen
2014
t, CPS = 1
Credit to
Q1
Private 6,609.1 1,648.4 16,452.3 15,849.8 578.9 4,665.8 7,617.9 17,732.9 6,332.1 3,091.8 1,574.0
Q2CCP
Sector, 7,673.1 (238.5) 16,928.0 16,415.1 489.3 4,786.4 7,096.4 17,576.6 5,884.9 3,289.6 1,496.7
= Credit to
CoreQ3 7,578.8 274.3 17,694.1 17,183.6 486.9 4,943.0 7,352.6 18,200.2 6,053.1 3,395.1 1,547.9
Private
Q4 6,954.2 1,147.7 18,126.0 17,561.7 538.8 5,930.9 6,904.8 18,913.0 5,467.4 4,133.0 1,798.0
Sector,
2015
CSLG = 1
Credit to
Q1&
States 6,787.8 1,985.4 18,650.3 18,080.2 544.6 5,907.2 6,983.9 19,132.4 5,512.8 4,088.8 1,818.4
LocalQ2 5,951.5 2,511.1 18,898.7 18,374.8 472.8 5,945.8 6,542.4 18,811.4 5,358.4 4,383.4 1,562.3
Governmen
Q3=
ts, RM 5,083.1 2,786.3 18,733.5 18,142.3 398.3 5,788.3 7,148.6 18,718.0 5,929.6 4,150.8 1,637.5
Reserve
Q4 5,653.3 2,891.9 18,720.5 18,109.9 585.1 5,812.7 8,571.7 20,029.8 7,115.6 3,954.8 1,857.9
Money,
M12016
= 1
Narrow
Q1M2 =
Money, 5,551.7 3,781.4 18,883.4 18,044.3 669.1 5,760.4 9,040.8 20,470.4 7,599.5 3,609.5 1,811.1
BroadQ2 7,105.7 3,171.4 21,452.2 20,403.1 729.4 5,371.9 9,519.0 22,078.0 8,139.9 3,347.5 1,684.6
Money
Q3
Supply, 7,742.3 3,515.0 22,739.7 21,560.6 833.1 5,197.1 9,829.7 22,013.8 8,352.3 3,063.0 1,794.3
PSDD Q4= 9,149.7 4,875.6 21,982.1 20,967.0 989.5 5,847.9 11,271.5 23,591.7 9,451.1 3,323.9 2,179.2
Private
2017
Sector
Demand
Q1
Deposits, 7,628.5 5,303.5 22,371.8 21,000.1 1,089.4 5,643.4 10,234.5 22,304.3 8,573.5 3,309.9 1,983.6
Reserves
Q2 = 8,468.1 5,250.5 21,985.9 20,772.7 1,180.3 5,480.2 10,190.2 21,980.6 8,713.0 3,256.9 1,873.5
DMBs'
Q3
Deposits 10,050.5 4,963.4 22,021.9 20,737.4 1,257.1 5,559.8 10,064.2 21,954.0 8,628.9 3,428.9 1,781.0
withQ4CBN, 15,520.8 3,640.9 22,290.7 20,718.3 1,544.8 6,484.3 11,175.6 24,140.6 9,392.9 3,982.3 2,157.2
CIC =
Currency in
Circulation
1
Revised
Return to Menu
Table A.1.3: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
M2
Actual 12.44 4.23 22.92 34.99 3.54 45.92 27.43 47.53 53.76 34.50 19.41 16.18 16.04 22.32 33.12
Target * * * * * * 19.80 26.80 18.00 14.80 10.10 16.80 15.00 15.60 10.00
M1
Actual 11.05 -2.29 12.06 46.31 18.16 49.06 27.88 51.72 56.32 42.64 18.90 12.93 18.09 18.60 23.39
Target 6.50 7.80 11.80 15.00 14.60 13.00 14.60 24.30 20.00 21.40 9.40 14.50 13.50 10.20 4.10
NDC
Actual 7.63 9.83 16.62 24.18 -32.49 57.30 40.36 109.38 64.08 56.44 8.03 -21.77 -1.40 40.07 23.32
Target 7.20 8.70 4.40 8.10 9.50 13.50 10.60 13.20 17.50 9.40 11.30 12.00 24.80 24.50 18.30
NCG
Actual 6.27 -3.80 13.79 31.88 -74.91 209.40 74.01 129.93 103.23 55.60 -8.72 -58.00 -58.03 201.81 26.36
Target 7.10 5.90 1.50 2.50 8.30 10.90 0.00 7.70 14.50 0.00 5.60 0.00 0.00 0.00 10.20
CPS
Actual 9.64 29.43 19.63 16.35 16.38 19.54 18.74 90.02 19.47 58.07 39.97 23.30 22.60 16.61 22.18
Target 7.40 12.80 8.40 13.30 10.70 15.80 16.40 17.70 20.00 32.20 21.90 29.50 45.40 33.90 19.90
Real GDP1
Actual 2 8.52 1.90 0.17 6.23 6.66 11.63 -0.55 2.19 1.57 0.26 1.87 4.05 2.89 2.50 0.52
Target 1.00 ** ** ** ** ** 8.30 4.50 3.50 ** 4.00 5.00 5.50 4.00 3.00
Inflation
Actual 1.0 13.7 9.7 61.2 44.7 3.6 23.0 48.8 61.3 76.8 51.6 14.3 10.2 11.9 0.2
Target 30.00 *** *** *** *** *** 13.00 5.00 25.00 *** 15.00 30.00 15.00 9.00 9.0
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 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
1
Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
All actual monetary numbers have been revised from 2009.
3
Provisional (2016 - 2017)
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Table A.1.3: Monetary Policy Targets and Outcomes (Growth Rates)
Variables 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
M2
Actual 48.07 27.00 21.55 24.11 14.02 24.35 43.09 44.24 57.78 17.60 6.91 15.43 16.39 1.32 7.20 5.90 17.78 1.74
Target 14.60 12.20 15.30 15.00 16.00 15.00 27.00 24.10 35.00 20.80 29.25 13.75 24.64 15.20 14.52 15.24 10.98 10.29
M1
Actual 62.24 28.06 15.86 29.52 8.58 29.66 32.18 36.64 55.87 3.29 11.05 21.54 9.59 -5.23 -11.10 24.14 31.50 -2.09
Target 9.80 4.30 12.40 13.80 13.40 11.40 - - - 32.20 22.40 - - - - - 11.34 11.07
NDC
Actual -25.32 79.87 56.59 35.70 11.99 14.51 -69.12 279.44 84.20 59.88 8.09 54.76 -3.46 14.47 7.07 12.13 24.27 -3.70
Target 27.80 15.80 57.90 25.70 22.50 22.50 -72.30 -29.90 19.80 87.00 55.50 27.69 52.17 23.58 28.50 29.30 17.94 17.93
NCG
Actual -170.13 95.16 6,320.55 58.43 -17.94 -36.99 -732.74 -22.30 -31.21 25.92 43.49 22.60 -138.04 32.50 72.99 151.98 68.59 -26.70
Target 37.80 2.60 96.60 -150.30 29.90 -10.90 - - -54.57 21.90 51.36 29.29 61.47 44.22 58.54 36.05 48.07 32.99
CPS
Actual 30.93 43.46 11.79 26.81 26.61 30.82 32.06 91.62 59.49 26.80 -3.81 44.28 6.83 6.86 2.89 3.28 17.42 1.40
Target 21.90 22.80 34.90 32.30 22.00 22.00 30.00 30.00 36.10 45.00 31.54 23.34 47.50 17.52 15.85 26.06 13.28 14.89
Real GDP1
Actual 2 5.52 6.67 14.60 9.50 10.44 7.01 6.73 7.32 7.20 8.35 9.54 5.31 4.21 5.49 6.22 2.79 -1.58 0.82
Target 3.00 5.00 5.00 5.00 5.00 5.00 7.00 10.00 10.00 8.90 6.10 7.40 7.30 6.44 7.02 7.24 3.59 4.09
Inflation
Actual 14.5 16.5 12.2 23.8 10.0 11.6 8.5 6.6 15.1 13.9 11.8 10.3 12.0 7.96 7.98 9.55 18.55 15.37
Target 9.0 7.0 9.3 9.0 10.0 10.0 9.0 9.0 9.0 8.2 11.2 12.0 9.5 9.87 7.50 8.00 11.90 10.71
Source: Central Bank of Nigeria & National Bureau of Statistics
Notes: 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
1
Real GDP growth rates are re-computed based on the 2010 constant basic prices. The rebased new GDP classification comprises 46 activity sectors.
2
All actual monetary numbers have been revised from 2009.
3
Provisional (2016 - 2017)
Return to Menu
Table A.2.1: Monetary Authorities' Analytical Accounts - Assets (N' Billion)
Item
1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993
FOREIGN ASSETS 2.4 1.0 0.8 1.2 1.6 3.6 4.6 3.3 13.4 35.0 44.2 43.4 32.2
Gold 0.4 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
IMF Gold Tranche - - - - - - - - - - - - -
Foreign Currencies - - - - - - - - - - - 1.0 0.4
Demand Deposits at Foreign Banks - - - - - - - - - - - 34.3 26.7
Treasury Bills of Foreign Governments 1.9 1.0 0.7 1.1 1.6 3.6 4.6 3.3 13.4 34.9 44.2 4.9 2.8
SDR Holdings - - - - - - - - - - - - -
Attached Assets - - - - - - - - - - - 0.2 0.2
Regional Monetary Cooperation Funds - - - - - - - - - - - 0.0 -
Other Foreign Assets 0.1 0.0 0.0 0.0 0.0 - - - - 0.0 0.0 3.0 2.1
CLAIMS ON FEDERAL GOVERNMENT 6.1 8.2 12.3 11.1 11.6 17.8 19.3 28.2 28.5 48.9 83.1 139.8 211.4
Treasury Bills & TB Rediscounts 3.4 5.6 6.5 5.2 6.2 11.6 14.2 22.8 11.2 3.4 34.8 85.5 47.3
Treasury Bills 3.4 5.5 6.0 4.9 5.9 8.4 13.3 22.4 6.8 1.7 32.4 83.7 47.1
Treasury Bills Rediscounts 0.0 0.1 0.5 0.3 0.3 3.2 0.9 0.5 4.4 1.7 2.4 1.8 0.2
Nigerian Converted Bonds - - - - - - - - - - - 19.0 117.1
Treasury Bond Stock - - - - - - - - - - - 17.4 15.6
Treasury Bonds Sinking Funds Overdrawn Account - - - - - - - - - - - - -
Treasury Bonds Interest - - - - - - - - - - - 1.6 1.6
Overdrafts to Federal Government - - - - - - - - - - - 0.1 1.2
Overdraft on Budgetary Accounts - - - - - - - - - - - 0.0 0.0
Other Overdrafts to Federal Government - - - - - - - - - - - 0.1 1.2
Development Stocks - - - - - - - - - - - 1.1 1.5
Development Stocks Account - - - - - - - - - - - 1.1 1.5
Development Stocks Sinking Funds Overdrawn Account - - - - - - - - - - - - -
Development Stocks Interest - - - - - - - - - - - - -
Treasury Certificates 1.1 0.9 3.9 4.3 3.7 4.5 3.4 3.8 4.5 24.0 27.5 33.1 35.3
Other Claims on Federal Government 1.6 1.7 1.8 1.6 1.7 1.7 1.6 1.5 12.8 21.5 20.8 1.1 9.0
Claims on Federal Government (Branch Position) - - - - - - - - - - - - -
CLAIMS ON STATE AND LOCAL GOVERNMENT - - - - - - - - - - - 0.1 0.0

Overdrafts to States & Local Governments: - - - - - - - - - - - 0.1 0.0
Overdrafts to State Governments - - - - - - - - - - - 0.1 0.0
Overdrafts to Local Governments - - - - - - - - - - - 0.0 -
Claims on State & Local Govt.(Branch Position) - - - - - - - - - - - - -
CLAIMS ON NONFINANCIAL PUBLIC ENTERPRISES - - - - - - - - - - - 2.3 2.7

Overdrafts to Non-Financial Public: - - - - - - - - - - - 2.0 2.0
Overdrafts to Federal Parastatals - - - - - - - - - - - 2.0 2.0
Overdrafts to State Parastatals - - - - - - - - - - - 0.0 0.0
Claims on Non-fin. Publ. Ent.(Branch Position) - - - - - - - - - - - 0.3 0.8
CLAIMS ON (NON-FINANCIAL) PRIVATE SECTOR - - - - - - - - - - - 0.6 0.9
CLAIMS ON DEPOSIT MONEY BANKS 0.6 0.6 0.7 0.9 - - - - 2.6 0.7 1.5 3.9 7.8
(Overdrafts to) Commercial Banks - - - - - - - - - - - 1.8 5.3
(Overdrafts to) Merchant Banks1 - - - - - - - - - - - 0.1 1.3
Other Claims on DMBs 0.6 0.6 0.7 0.9 - - - - 2.6 0.7 1.5 1.9 1.2
Claims on Deposit Money Banks (Branch Position) - - - - - - - - - - - - -
CLAIMS ON OTHER FINANCIAL INSTITUTIONS (OFI's) 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.7 0.7 1.5 3.1
Development Banks - - - - - - - - - - - 0.5 0.5
Other Claims on OFI's: 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 - - - 1.0 25.7
Loans to OFI's1 - - - - - - - - - - - 0.1 0.1

Investment in OFI's 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.7 0.7 0.9 1.1
Miscellaneous Claims on OFIs - - - - - - - - - - - 0.0 1.4
UNCLASSIFIED ASSETS 0.3 0.6 0.6 0.8 2.2 4.9 8.7 29.4 42.5 48.1 53.6 78.1 98.2
Participation in International Organisations - - - - - - - - - - - 30.8 38.3
IMF Currency Subscriptions: - - - - - - - - - - - 30.8 38.2
IMF Local Currency Subscription (CBN Accounting Records)1 - - - - - - - - - - - 0.6 0.6
IMF Non-Negotiable Interest Bearing A/C (CBN acc. records) - - - - - - - - - - - 30.2 37.6
IMF Securities Account (CBN acc. records) - - - - - - - - - - - - -
IMF Accounts Valuation Adjustments - - - - - - - - - - - 0.0 0.0
SDR Allocation #1 (rev. descrepancy) - - - - - - - - - - - - -
IMF Gold Tranche A/C (CBN Accounting Records) - - - - - - - - - - - 0.0 0.0
Holdings of SDRs (CBN Accounting Records) - - - - - - - - - - - 0.0 0.0
IBRD Subscriptions - - - - - - - - - - - 0.0 0.0
Total Receivables - - - - - - - - - - - 36.5 51.0
Receivables - - - - - - - - - - - 1.5 1.5
Income Receivable: - - - - - - - - - - - 0.2 0.3
Accrued Earnings - - - - - - - - - - - 0.1 -
Impersonal Accounts - - - - - - - - - - - 0.1 0.2
Interest Receivables1 - - - - - - - - - - - 0.0 0.1
Other Income Receivable - - - - - - - - - - - 0.0 0.0
Exchange Difference on Promisory Notes - - - - - - - - - - - 34.8 49.2
SME Revaluation Accounts - - - - - - - - - - - - -
Claims on Branches - - - - - - - - - - - 5.8 3.5

Non-Monetary Precious Metals - - - - - - - - - - - - -
Miscellanoues unclassified Assets - - - - - - - - - - - 1.2 0.7
Other Miscellaneous Assets - - - - - - - - - - - 1.2 0.7
Expenses - - - - - - - - - - - 1.0 0.8

Head Office Expenses - - - - - - - - - - - 0.4 0.8
Branch Expenses1 - - - - - - - - - - - 0.6 0.0
Zonal Office Expenses - - - - - - - - - - - - -
Unclassified Assets (Branch Position) - - - - - - - - - - - 2.9 4.0
TOTAL ASSETS 9.7 10.7 14.6 14.3 15.7 26.7 33.2 61.5 87.7 133.4 183.3 269.7 356.4
Source : Central Bank of Nigeria
Notes: 1These items were reclassified from the last quarter of 2006
Table A.2.1: Monetary Authorities' Analytical Accounts - Assets (N' Billion)
Item
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
FOREIGN ASSETS 33.8 42.3 181.4 179.2 161.4 510.6 774.7 1,181.7 1,013.5 1,065.1 2,478.6 3,715.2
Gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
IMF Gold Tranche - - - - - - - - 0.0 0.0 0.0 0.0
Foreign Currencies 0.4 0.9 0.6 5.5 12.1 3.8 2.4 745.9 562.5 448.2 1,451.6 1,354.4
Demand Deposits at Foreign Banks 27.7 35.6 163.5 166.7 143.7 462.7 569.0 391.5 339.4 517.7 710.5 2,157.3
Treasury Bills of Foreign Governments 1.6 0.4 5.4 2.5 1.3 29.9 57.3 37.7 86.0 66.1 298.6 182.3
SDR Holdings - - - - - - - - 0.0 0.0 0.1 0.1
Attached Assets 0.2 - - - - - - - - - - -
Regional Monetary Cooperation Funds 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 - - 0.5 0.4
Other Foreign Assets 3.7 5.3 11.9 4.4 4.2 14.1 145.9 6.5 25.6 33.0 17.3 20.7
CLAIMS ON FEDERAL GOVERNMENT 308.9 438.5 313.8 406.1 457.0 532.3 513.0 738.6 532.5 592.2 441.6 188.3
Treasury Bills & TB Rediscounts 30.6 42.0 9.5 141.7 121.9 79.9 87.4 354.6 160.3 215.5 98.9 90.5
Treasury Bills 28.1 36.5 3.1 134.2 120.3 50.1 58.6 353.2 157.7 94.8 32.0 72.3
Treasury Bills Rediscounts 2.6 5.5 6.4 7.4 1.6 29.7 28.7 1.4 2.6 120.6 67.0 18.2
Nigerian Converted Bonds 197.8 271.0 224.7 122.0 162.9 406.9 396.6 383.4 371.7 361.6 342.4 93.8
Treasury Bond Stock 196.3 269.5 223.3 120.6 145.5 390.0 380.3 367.7 248.0 240.9 236.5 92.8
Treasury Bonds Sinking Funds Overdrawn Account - - - - - - - - - - - -
Treasury Bonds Interest 1.5 1.5 1.4 1.4 17.4 16.9 16.3 15.7 123.6 120.7 105.9 92.4
Overdrafts to Federal Government 0.8 1.2 17.8 36.9 24.9 42.5 25.9 - - 14.8 - 3.9
Overdraft on Budgetary Accounts 0.1 0.0 0.0 0.0 9.8 38.7 17.4 - - 14.8 - 3.9
Other Overdrafts to Federal Government 0.7 1.1 17.8 36.9 15.2 3.9 8.5 - - - - -
Development Stocks 1.2 0.9 0.8 0.6 0.4 0.3 0.7 0.6 0.5 0.4 0.2 0.1
Development Stocks Account 1.2 0.9 0.8 0.6 0.4 0.3 0.7 0.6 0.5 0.4 0.0 0.1
Development Stocks Sinking Funds Overdrawn Account - - - - 0.0 - - - - - - -
Development Stocks Interest - - - - 0.0 - - - - - 0.2 -
Treasury Certificates 27.6 29.6 - - - - - - - - - -
Other Claims on Federal Government 0.4 24.2 1.0 2.8 2.1 1.9 1.6 - - - - -
Claims on Federal Government (Branch Position) 50.4 69.7 60.0 102.2 144.8 0.8 0.9 - - 0.0 - -
CLAIMS ON STATE AND LOCAL GOVERNMENT 0.1 0.0 0.0 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 0.0 0.0 - - - - -
CLAIMS ON NONFINANCIAL PUBLIC ENTERPRISES 3.7 3.5 1.5 1.5 0.9 0.7 1.0 1.1 0.2 0.2 1.9 2.4
Overdrafts to Non-Financial Public: 2.3 3.2 1.0 0.9 0.3 0.2 0.2 0.2 0.1 0.2 1.9 2.4
Overdrafts to Federal Parastatals 2.3 3.2 0.9 0.9 0.3 0.2 0.2 0.2 0.1 0.2 1.9 2.4
Overdrafts to State Parastatals 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - -
Claims on Non-fin. Publ. Ent.(Branch Position) 1.3 0.3 0.6 0.5 0.6 0.5 0.8 0.9 0.1 0.0 - -
CLAIMS ON (NON-FINANCIAL) PRIVATE SECTOR 0.8 0.6 1.0 0.8 0.5 0.9 2.2 3.1 1.6 1.7 1.9 2.1
CLAIMS ON DEPOSIT MONEY BANKS 13.0 24.2 27.7 21.3 21.8 22.1 36.2 20.6 5.6 15.6 92.0 60.9
(Overdrafts to) Commercial Banks 9.7 18.8 18.3 16.7 17.6 17.7 29.2 10.4 2.1 9.2 42.6 57.1
(Overdrafts to) Merchant Banks1 1.6 2.9 3.0 2.9 2.9 2.8 2.8 5.6 3.4 5.5 8.1 3.8
Other Claims on DMBs 1.8 2.6 6.4 1.6 1.4 1.6 4.2 4.6 0.0 - 41.3 -
Claims on Deposit Money Banks (Branch Position) - - - 0.0 0.0 - - - - 0.8 - -
CLAIMS ON OTHER FINANCIAL INSTITUTIONS (OFI's) 2.9 3.2 3.3 5.9 4.6 4.6 4.9 6.3 5.5 6.9 11.3 11.6
Development Banks 0.6 0.6 0.6 0.6 0.7 0.7 0.9 1.9 3.7 6.9 9.5 9.5
Other Claims on OFI's: 2.4 2.6 2.7 5.3 3.9 3.8 4.0 4.4 1.8 - 1.8 2.1
Loans to OFI's1 0.0 0.0 0.0 2.0 0.0 0.0 - - 1.8 - 1.8 2.1
Investment in OFI's 2.4 2.5 2.7 3.2 3.8 3.8 4.0 4.4 - - - -
Miscellaneous Claims on OFIs 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 - - 0.0 -
UNCLASSIFIED ASSETS 105.7 140.5 115.7 207.6 191.6 296.8 374.2 124.0 151.2 182.7 374.9 426.1
Participation in International Organisations 38.2 42.7 39.2 36.8 36.3 196.7 200.0 68.1 138.3 307.9 337.6 381.2
IMF Currency Subscriptions: 38.2 42.7 39.2 36.8 36.3 196.5 200.0 68.0 138.3 307.9 337.6 381.2
IMF Local Currency Subscription (CBN Accounting Records)1 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
IMF Non-Negotiable Interest Bearing A/C (CBN acc. records) 37.6 42.0 38.6 36.2 35.7 195.9 199.4 67.4 137.7 307.3 337.0 380.6
IMF Securities Account (CBN acc. records) - - - - - - - - - - - -
IMF Accounts Valuation Adjustments 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.1 - - - -
SDR Allocation #1 (rev. descrepancy) - - - - - - - - - - - -
IMF Gold Tranche A/C (CBN Accounting Records) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - -
Holdings of SDRs (CBN Accounting Records) - 0.0 0.0 0.0 0.0 0.2 0.0 0.1 - - - -
IBRD Subscriptions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - 0.0 -
Total Receivables 58.8 54.4 51.7 36.5 34.9 35.3 145.6 12.9 11.9 114.0 75.9 8.4
Receivables 6.6 8.5 6.0 2.6 2.7 18.3 24.8 1.0 5.5 4.8 7.7 4.9
Income Receivable: 0.2 0.8 0.3 0.3 0.2 0.2 1.3 0.2 4.2 109.2 0.9 3.4
Accrued Earnings 0.0 0.4 - - - - - - 0.4 0.5 - -
Impersonal Accounts 0.1 0.1 0.0 0.1 0.0 0.0 1.1 0.0 3.4 1.2 0.5 3.1
Interest Receivables1 0.1 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.5 0.2 0.2 0.2
Other Income Receivable 0.0 0.0 - 0.0 - 0.0 0.0 0.0 - 107.3 0.3 0.1
Exchange Difference on Promisory Notes 52.0 45.0 45.3 33.5 31.8 16.5 119.1 10.5 2.1 - 67.3 -
SME Revaluation Accounts - - 0.1 0.1 0.2 0.2 0.4 1.1 - - - -
Claims on Branches 3.4 3.9 13.6 5.8 9.3 1.1 10.5 1.9 0.1 - - 0.9
Non-Monetary Precious Metals 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - -
Miscellanoues unclassified Assets 0.3 31.4 1.3 104.1 85.6 29.4 2.2 0.0 0.0 23.2 240.4 29.7
Other Miscellaneous Assets 0.3 31.4 1.3 104.1 85.6 29.4 2.2 0.0 0.0 23.2 240.4 29.7
Expenses 0.2 2.7 6.8 19.9 22.0 25.4 10.8 36.5 0.1 44.2 58.5 5.8
Head Office Expenses 0.2 2.7 1.3 0.8 1.1 0.2 3.8 25.6 0.1 42.0 55.9 5.8
Branch Expenses1 0.0 0.0 5.5 19.1 20.9 25.2 7.0 10.6 0.0 2.2 2.7 -
Zonal Office Expenses - - - - - - - 0.3 - - - -
Unclassified Assets (Branch Position) 4.8 5.5 3.0 4.5 3.5 8.8 5.1 4.6 0.8 0.7 - -
TOTAL ASSETS 468.9 652.8 644.4 822.3 837.8 1,367.8 1,706.2 2,075.4 1,710.0 1,864.4 3,402.3 4,406.7
Table A.2.1: Monetary Authorities' Analytical Accounts - Assets (N' Billion) - Continued
2016 2 2017
Item
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 March June September December March June September December
FOREIGN ASSETS 5,617.3 6,570.3 7,341.5 6,547.8 5,411.3 5,829.8 7,395.3 7,048.7 6,244.7 5,624.7 5,471.2 8,022.1 8,212.3 9,248.6 9,398.6 9,449.9 11,702.1 15,313.3
Gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
IMF Reserve Tranche 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Foreign Currencies 304.9 681.8 2,045.9 74.5 121.6 59.1 97.7 34.5 35.9 56.5 60.2 80.3 55.7 38.1 59.2 152.9 166.1 106.8
Demand Deposits at Foreign Banks 5,220.2 5,816.4 5,282.2 6,031.9 4,904.9 5,368.9 6,897.8 6,613.8 5,474.2 5,111.2 4,995.3 7,348.3 7,517.7 6,165.1 6,516.6 6,390.7 8,213.5 11,937.1
Of which: Domicillary Accounts - 587.1 393.5 568.2 469.8 308.0 560.3 460.8 516.3 1,000.9 843.2 1,934.6 2,332.7 3,296.4 2,228.6 2,079.2 2,632.3 3,684.5
Securities of Foreign Governments 92.0 71.9 13.1 88.9 0.0 0.0 0.0 0.0 328.2 0.4 0.5 0.8 1.0 2,199.6 2,197.9 2,205.3 2,208.0 2,601.1
SDR Holdings 0.1 0.1 0.2 352.5 384.8 401.7 399.8 400.4 406.4 456.5 415.2 592.6 637.9 611.9 624.2 631.7 631.7 650.8
Foreign Equity - - - - - - - - - - - - - 0.7 0.7 0.7 0.7 0.7
FX Swap/Forward/Futures - - - - - - - - - - 233.1 - 68.6 482.1 16.6
Regional Monetary Cooperation Funds - - - - - - - - - - - - - - - - - -
Other Foreign Assets - - - - - - - - - - - - - - - - - -
CLAIMS ON FEDERAL GOVERNMENT 401.5 664.8 680.6 733.4 678.1 922.4 2,514.0 3,308.0 3,529.3 3,797.8 5,216.6 5,558.8 5,545.2 5,715.9 5,875.3
Treasury Bills & TB Rediscounts 652.5 97.0 637.0 1.9 307.7 138.8 224.8 56.0 48.8 100.7 156.6 122.3 83.0 343.8 243.8 411.8 369.9 459.1
Treasury Bills 23.3 6.1 364.5 0.6 304.1 69.8 215.2 38.4 21.4 94.6 96.8 83.5 75.7 323.8 234.7 392.5 351.9 441.7
Treasury Bills Rediscounts 23.3 5.6 364.3 1.3 3.7 69.0 9.6 17.6 27.5 6.1 59.8 38.8 7.3 20.0 9.1 19.3 18.0 17.4
Nigerian Converted Bonds 0.0 0.5 0.2 253.7 297.0 276.2 338.3 347.7 246.7 612.6 1,627.4 1,746.6 1,724.2 1,710.0 1,708.1 1,700.4 1,686.8 1,683.6
Treasury Bond Stock 142.9 90.8 272.4 253.3 296.8 274.7 336.7 346.3 246.7 612.6 1,609.9 1,729.1 1,724.2 1,710.0 1,708.1 1,700.3 1,686.8 1,683.6
Treasury Bonds Sinking Funds Overdrawn Account 99.9 78.5 271.9 0.4 0.1 1.5 1.6 1.5 0.0 0.0 17.5 17.5 0.0 0.0 0.0 0.0 0.0 0.0
Treasury Bonds Interest 43.0 12.3 0.4 - - - - - - - - - - - - - - -
Overdrafts to Federal Government - - - - - - 134.8 239.1 592.0 1,759.7 1,117.7 1,615.8 1,939.4 2,628.6 2,619.9 2,828.1 3,338.5 3,312.7
Overdraft on Budgetary Accounts (Sub-Treasury) 486.2 - - - - - - - - 856.3 800.4 1,249.8 1,575.0 2,226.5 2,399.8 2,608.1 3,118.5 3,309.4
Federal Government(Other overdrafts to Federal Govt.) 486.2 - - - - - 134.8 239.1 592.0 903.4 317.4 366.0 364.4 402.1 220.1 220.1 220.1 3.3
Development Stocks - - - 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - -
Development Stocks Account 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - -
Development Stocks Sinking Funds Overdrawn Account 0.1 0.1 0.1 0.0 0.0 0.0 - 0.0 - - - - - - - - - -
Development Stocks Interest 0.1 0.1 0.1 - - - 0.0 - - - - - - - - - - -
Treasury Certificates - - 0.0 - - - - - - - - - - - - - - -
Other Claims on Federal Government - - - 145.8 60.1 265.6 33.1 35.2 34.9 37.8 37.8 37.8 45.1 95.0 95.4 95.1 101.5 107.3
Claims on Federation & Mirror Accounts - - - - - - 2.3 0.0 0.0 3.2 368.5 6.8 6.1 439.2 891.6 509.8 219.3 312.6
CLAIMS ON STATE AND LOCAL GOVERNMENT - - - - - - - - 27.8 146.0 300.4 379.3 495.9 538.1 640.4
Claims on States & Local Governments - - - - - - - - - - - 27.8 146.0 300.4 379.3 495.9 538.1 640.4
Conditional Budget Support (States) - - - - - - - - - - - 27.8 146.0 300.4 379.3 495.9 538.1 640.4
Conditional Budget Support (LGs) - - - - - - - - - - - - - - - - - -
Other Claims on State & Local Govt. - - - - - - - - - - - - - - - - - -
Domicilliary Mirror Accounts - - - - - - - - - - - - - - - - - -
CLAIMS ON NONFINANCIAL PUBLIC ENTERPRISES 13.2 - - - 23.6 25.6 25.6 170.0 319.7 345.9 25.6 282.4 33.0 27.4 27.5
Overdrafts to Non-Financial Public: 13.2 - - - - - - 23.6 25.6 25.6 170.0 319.7 345.9 25.6 282.4 33.0 27.4 27.5
Overdrafts to Federal Parastatals 13.2 - - - - - - 23.6 25.6 25.6 170.0 319.7 345.9 25.6 282.4 33.0 27.4 27.5
Overdrafts to State Parastatals 13.2 - - - - - - - - - - - - - - - - -
Other Claims on Non-fin. Publ. Ent. - - - 13.2 - - - 0.0 0.0 - - - - - - - - -
CLAIMS ON (NON-FINANCIAL) PRIVATE SECTOR 1.7 40.5 29.7 29.3 5.5 5.9 11.0 11.0 11.0 11.1 11.1 10.9 10.8 10.8 49.7
CLAIMS ON DEPOSIT MONEY BANKS 684.8 765.5 793.0 1,052.6 806.5 774.2 1,225.2 1,065.3 1,295.3 1,824.9 1,632.1 1,751.2 1,685.3 1,833.0 1,669.2
Loan to Deposit Money Banks 130.2 224.6 67.2 675.0 735.9 708.1 773.5 792.0 774.2 1,225.2 1,065.3 1,260.2 1,806.9 1,632.1 1,751.2 1,685.3 1,833.0 1,669.2
(Overdrafts to) Merchant Banks - 10.0 10.0 - - - - - - - - - - - - - - -
Other Claims on DMBs - - - 9.8 29.6 84.9 279.1 10.9 - - - - - - - - - -
CBN Securities 130.2 214.6 57.2 - - - - 3.7 - - - 35.2 18.0 0.0 0.0 0.0 0.0 0.0
CLAIMS ON OTHER FINANCIAL INSTITUTIONS (OFI's) 536.5 591.7 4,539.5 4,679.0 4,570.3 4,828.4 5,025.0 4,985.7 5,044.4 5,541.8 4,961.2 5,120.3 5,152.6 4,956.3 5,153.0
Development Banks 25.4 228.6 252.7 - - - - - - - - - - - - - - -
Other Claims on OFI's: - - - 536.5 591.7 4,539.5 4,679.0 4,570.3 4,828.4 5,025.0 4,985.7 5,044.4 5,541.8 4,961.2 5,120.3 5,152.6 4,956.3 5,153.0
of which AMCON Bonds 25.4 228.6 252.7 - - 3,476.8 3,596.4 3,818.8 4,028.0 4,136.6 4,129.8 4,129.8 4,129.8 3,888.7 4,092.8 4,078.5 4,078.5 4,087.1
Loans to OFI's - - - - - - - - - - - - - - - - - -
Investment in OFI's - - - - - - - - - - - - - - - - - -
Miscellaneous Claims on OFIs - - - - - - - - - - - - - - - - - -
UNCLASSIFIED ASSETS 872.3 1,294.0 4,878.1 6,790.9 1,929.9 1,782.1 2,066.8 1,563.3 1,711.7 2,422.4 3,343.0 2,506.8 3,075.1 3,672.1 5,216.4
Participation in International Organisations 3,593.0 1,561.1 1,898.2 382.4 402.7 433.7 421.9 412.0 421.7 484.5 678.3 683.2 683.2 683.2 683.2 1,002.6 1,002.6 1,002.6
IMF Currency Subscriptions: 325.0 337.6 331.4 382.4 402.7 433.7 421.9 412.0 421.7 484.5 678.3 683.2 683.2 683.2 683.2 1,002.6 1,002.6 1,002.6
IMF Local Currency Subscription (CBN Accounting Records) 325.0 337.6 331.4 - - - - - - - - - - - - - - -
IMF Non-Negotiable Interest Bearing A/C (CBN acc. records) - - - - - - - - - - - - - - - - - -
IMF Securities Account (CBN acc. records) - - - - - - - - - - - - - - - - - -
IMF Accounts Valuation Adjustments - - - - - - - - - - - - - - - - - -
SDR Allocation #1 (rev. descrepancy) - - - - - - - - - - - - - - - - - -
IMF Gold Tranche A/C (CBN Accounting Records) - - - - - - - - - - - - - - - - - -
Holdings of SDRs (CBN Accounting Records) - - - - - - - - - - - - - - - - - -
IBRD Subscriptions - - - - - - - - - - - - - - - - - -
Total Receivables 0.0 - - 16.6 12.5 11.7 658.3 924.2 743.7 895.7 177.4 329.8 610.8 1,971.3 977.1 1,356.1 1,947.0 3,176.9
Receivables 442.9 130.1 15.4 - - - - - - - - - - - - - - -
Income Receivable: - - - 16.6 12.5 11.7 658.3 924.2 743.7 895.7 177.4 329.8 610.8 1,971.3 977.1 1,356.1 1,947.0 3,176.9
Accrued Earnings 425.2 22.4 15.4 - - - - - - - - - - - - - - -
Impersonal Accounts - - - 22.7 7.0 46.3 52.7 31.0 32.6 1.1 4.8 4.6 5.0 58.3 227.8 64.1 64.3 232.2
Interest Receivables 2,264.4 38.3 38.1 - - - - - - - - - - - - - - -
Other Income Receivable - - - - - - - - - - - - - - - - - -
Exchange Difference on Promisory Notes - - - - - - - - - - - - - - - - - -
Foreign Assets Revaluation Accounts - - - - - - - - - - - - - 0.0 - - - -
Fixed Assets Revaluation 17.7 107.7 - - - - - - - - - - - - - - - -
Inter Banks Clearing - - - 63.8 529.6 3,920.5 5,176.4 0.0 2.5 1.8 11.8 3.0 30.0 14.2 2.7 28.8 6.5 0.4
Non-Financial Assets 300.3 563.7 1,252.3 195.8 238.3 297.4 348.7 402.2 449.9 531.1 509.2 520.1 531.4 528.1 528.1 535.1 543.2 556.2
Miscellanoues unclassified Assets 4.7 172.5 166.1 190.8 56.2 168.5 132.9 160.5 131.6 152.6 181.9 170.9 562.1 88.0 88.0 88.3 108.5 248.1
Other Miscellaneous Assets 103.5 122.8 91.7 190.8 56.2 168.5 132.9 160.5 131.6 152.6 181.9 170.9 562.1 88.0 88.0 88.3 108.5 248.1
Of which: 103.5 122.8 91.7 - - - - - - - - - - - - - - -
Restricted Claims on DMBs - - - 15.8 11.9 20.9 28.5 28.3 28.3 28.3 28.5 29.3 44.3 32.4 32.4 32.4 31.0 31.0
Claims on DMBs in Liquidation - 32.0 32.3 1.4 37.1 42.5 42.9 47.7 47.7 47.8 47.8 47.8 47.8 43.7 43.7 43.7 43.7 43.6
Expenses - 10.9 8.5 0.3 47.6 - - - - - - - - - - - - -
Head Office Expenses 152.2 196.1 3.2 0.3 47.6 - - - - - - - - - - - - -
Branch Expenses 152.2 196.1 3.2 - - - - - - - - - - - - - - -
Zonal Office Expenses - - - - - - - - - - - - - - - - - -
TOTAL ASSETS 10,034.5 8,689.0 10,204.0 9,057.8 8,767.7 16,750.7 20,680.5 15,062.6 14,583.4 16,492.3 16,574.6 19,961.4 22,302.1 24,738.6 25,008.3 25,447.8 28,455.7 33,944.9
2
Revised
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Table A.2.2: Monetary Authority's Analytical Accounts - Liabilities (N' Billion) Table A.2.2: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
Item1
1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 Item 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
RESERVE MONEY 5.0 5.8 6.1 5.9 5.7 6.7 8.5 11.7 11.8 18.3 RESERVE MONEY 29.9 71.4 104.6 138.3 167.7 178.5 190.1 216.9 283.4 354.7
Currency in Circulation 4.3 4.7 5.3 5.3 5.4 5.7 6.9 10.2 10.7 16.2 Currency in Circulation 25.3 39.7 62.6 96.2 113.9 126.0 144.8 172.4 208.6 234.2
Head Office - - - - - - - - - - Head Office - 39.5 60.9 95.9 113.5 118.9 137.8 164.2 193.5 230.5
Branches - - - - - - - - - - Branches - 0.2 1.7 0.3 0.4 7.1 7.0 8.2 15.0 3.8
Deposit Money Banks' Deposits: 0.7 1.1 0.8 0.6 0.3 1.0 1.6 1.5 1.1 2.1 Deposit Money Banks' Deposits: 4.5 31.6 42.0 42.1 53.8 52.5 45.3 44.5 74.9 120.4
Commercial Banks 0.7 1.1 0.8 0.6 0.3 1.0 1.6 1.5 1.1 2.1 Commercial Banks 4.5 29.1 39.5 39.8 51.5 51.6 41.0 38.7 67.8 74.4
Commercial Banks Demand deposits - - - - - - - - - - Commercial Banks Demand deposits - 6.8 3.6 5.9 6.7 8.3 5.9 10.7 3.8 3.3
Commercial Banks Special deposits - - - - - - - - - - Commercial Banks Special deposits - 0.2 0.4 0.6 0.5 0.0 0.0 0.0 0.0 0.0
Commercial Banks Required Reserves - - - - - - - - - - Commercial Banks Required Reserves - 22.1 35.5 33.3 44.3 43.2 35.1 28.0 64.0 71.1
Merchant Banks - - - - - - - - - - Merchant Banks - 1.5 1.8 2.0 1.6 0.3 0.1 0.2 0.8 0.7
Merchant Banks Demand deposits - - - - - - - - - - Merchant Banks Demand deposits - 0.9 0.5 0.3 0.2 0.3 0.1 0.2 0.7 0.6
Merchant Banks Special deposits - - - - - - - - - - Merchant Banks Special deposits - 0.1 0.1 0.2 0.3 0.0 0.0 0.0 0.0 0.0
Merchant Banks Required Reserves - - - - - - - - - - Merchant Banks Required Reserves - 0.6 1.2 1.5 1.2 - - - - 0.2
Other Deposits Of DMBs - - - - - - - - - - Other Deposits Of DMBs - 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.5 0.0
DMBs' deposits (branch position) - - - - - - - - - - DMBs' deposits (branch position) - 1.1 0.6 0.3 0.6 0.6 4.2 5.5 5.8 45.2
Private Sector Deposits 1.2 0.9 0.8 1.3 1.9 1.7 0.9 2.2 6.3 8.6 Private Sector Deposits 4.9 6.0 11.0 13.4 15.1 15.4 12.5 19.6 4.5 11.6
Non-Financial Public Enterprises (Parastatals): 1.0 0.8 0.7 1.2 1.9 1.7 0.7 2.1 5.5 6.7 Non-Financial Public Enterprises (Parastatals): 3.5 2.4 6.5 6.3 7.2 6.5 2.1 1.1 0.7 9.0
Federal Government Parastatals - - - - - - - - - - Federal Government Parastatals - 2.4 6.5 6.3 7.2 6.5 2.1 1.1 0.7 9.0
Private Sector Corporations Deposit - - - - - - - - - - Private Sector Corporations Deposit - 0.0 0.1 0.1 0.2 0.0 0.1 0.1 0.0 0.0
State and Local Government Deposits and Parastatals 0.1 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.9 1.9 State and Local Government Deposits and Parastatals 1.4 0.8 0.4 0.5 0.7 0.8 0.5 0.7 0.0 0.0
State Government Parastatals - - - - - - - - - - State Government Parastatals - 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.0 0.0
State Government Deposits - - - - - - - - - - State Government Deposits - 0.6 0.2 0.3 0.3 0.6 0.3 0.5 0.0 0.0
Local Government Deposits - - - - - - - - - - Local Government Deposits - 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0
Other Financial Institutions Deposits - - - - - - - - - - Other Financial Institutions Deposits - 1.3 2.2 4.0 3.5 5.1 3.9 3.1 2.7 1.9
Development Banks - - - - - - - - - - Development Banks - 0.0 0.3 0.6 0.5 0.6 0.2 0.4 0.1 0.1
Other Financial Institutions - - - - - - - - - - Other Financial Institutions - 1.3 2.0 3.3 3.0 4.5 3.7 2.7 2.7 1.8
Private Sector deposits (branch position) - - - - - - - - - - Private Sector deposits (branch position) - 1.4 1.7 2.6 3.6 3.0 6.0 14.6 0.9 0.7
FOREIGN LIABILITIES 0.0 0.3 0.4 0.5 0.5 0.8 4.2 0.8 0.7 0.7 FOREIGN LIABILITIES 2.7 33.2 0.9 0.2 7.1 3.7 11.8 4.0 0.6 0.1
Non-Resident Deposits of: 0.0 0.3 0.4 0.5 0.5 0.8 4.2 0.8 0.7 0.7 Non-Resident Deposits of: 2.7 27.6 0.4 0.1 7.0 3.6 11.7 3.9 0.5 0.0
Foreign DMBs (Current Accounts) - - - - - - - - - - Foreign DMBs (Current Accounts) - 26.4 0.0 0.0 3.2 1.0 11.4 3.8 0.5 -
Foreign Central Banks - - - - - - - - - - Foreign Central Banks - 1.1 0.4 0.0 3.9 2.7 0.3 0.1 - 0.0
Other Foreign Financial Institutions - - - - - - - - - - Other Foreign Financial Institutions - - - - - - - - - -
Other Foreign Customers - - - - - - - - - - Other Foreign Customers - 0.0 - - - - - - - -
Liabilities to Foreign Monetary Authorities: - - - - - - - - - - Liabilities to Foreign Monetary Authorities: - - - 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Treasury Bills Held by Foreign Monetray Authorities - - - - - - - - - - Treasury Bills Held by Foreign Monetray Authorities - - - 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Foreign Liabilities - - - - - - - - - - Other Foreign Liabilities - 5.6 0.5 0.1 0.0 0.0 0.0 0.0 0.1 0.1
LONG-TERM FOREIGN LIABILITIES - - - - - - - - - - LONG-TERM FOREIGN LIABILITIES - 25.7 54.6 60.2 46.6 43.7 38.9 31.7 16.3 120.3
Long-Term Liabilities - - - - - - - - - - Long-Term Liabilities - 25.7 54.6 60.2 46.6 43.7 38.9 31.7 16.3 120.3
Trade Debt Promissory Notes A/C - - - - - - - - - - Trade Debt Promissory Notes A/C - 25.7 54.6 60.2 46.6 43.7 38.9 31.7 16.3 120.3
FEDERAL GOVERNMENT DEPOSITS 1.4 0.6 1.3 1.6 2.7 2.8 4.9 6.3 24.8 35.2 FEDERAL GOVERNMENT DEPOSITS 51.0 54.3 63.5 66.7 194.6 253.8 394.7 362.4 517.0 856.0
Budgetary Accounts - - - - - - - - - - Budgetary Accounts - 31.5 39.2 45.2 176.0 214.6 273.7 207.3 467.8 706.9
Deposits on Nigerian Converted Bonds - - - - - - - - - - Deposits on Nigerian Converted Bonds - 0.0 0.0 0.0 0.0 0.0 2.1 2.4 2.1 14.1
Deposits on Development Stocks - - - - - - - - - - Deposits on Development Stocks - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Deposits on Treasury Certificates - - - - - - - - - - Deposits on Treasury Certificates - - - - - - - - - -
Other Federal Govt Deposit - - - - - - - - - - Other Federal Govt Deposit - 12.8 9.9 5.9 3.9 6.7 0.8 3.3 1.1 1.7
Federal Govt Deposit (Branch Position) - - - - - - - - - - Federal Govt Deposit (Branch Position) - 10.0 14.3 15.7 14.7 32.4 118.1 149.5 45.9 133.2
CAPITAL ACCOUNTS 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.6 CAPITAL ACCOUNTS 2.0 30.3 61.5 72.5 71.4 64.7 68.4 80.4 238.4 195.5
Capital - - - - - - - - - - Capital - 0.3 0.3 0.3 0.3 0.3 0.5 0.5 0.5 0.5
Reserves 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.6 Reserves 2.0 3.3 5.6 6.6 7.1 7.2 7.5 9.6 11.4 20.7
Provisions - - - - - - - - - - Provisions - 13.2 20.8 30.0 36.9 34.6 36.0 41.5 39.6 39.5
Undisbursed Profits - - - - - - - - - - Undisbursed Profits - 5.9 8.5 10.1 5.0 1.6 - - 34.4 -
Revaluation Accounts - - - - - - - - - - Revaluation Accounts - 7.6 26.2 25.5 22.2 21.0 24.4 28.7 152.5 134.8
Foreign Assets Revaluation A/C - - - - - - - - - - Foreign Assets Revaluation A/C - 7.6 26.2 25.5 22.2 21.0 24.4 28.7 152.5 134.8
Fixed Assets Revaluation - - - - - - - - - - Fixed Assets Revaluation - - - - - - - - - -
UNCLASSIFIED LIABILITIES 1.9 3.1 5.8 4.9 4.8 14.4 14.4 40.2 43.6 69.8 UNCLASSIFIED LIABILITIES 92.8 48.9 60.3 117.5 150.3 84.7 105.8 122.8 307.7 323.8
Intra-Bank Accounts (Uncleared Effects) - - - - - - - - - - Intra-Bank Accounts (Uncleared Effects) - 0.1 0.3 0.7 0.6 0.7 0.6 0.3 0.0 0.3
Govt Lending Fund - - - - - - - - - - Govt Lending Fund - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Expense/Interest Account - - - - - - - - - - Expense/Interest Account - 8.4 10.6 16.6 26.0 21.3 28.8 46.8 49.4 79.2
Liabilities to IMF - - - - - - - - - - Liabilities to IMF - 32.5 40.0 41.5 44.3 40.9 38.7 38.1 201.7 201.8
IMF Account Adjustments - - - - - - - - - - IMF Account Adjustments - 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
Other Unclassified Liabilities - - - - - - - - - - Other Unclassified Liabilities - 2.6 2.5 3.4 4.2 6.4 17.0 16.1 32.5 36.8
Other Miscellanoues unclassified Liabilities - - - - - - - - - - Other Miscellanoues unclassified Liabilities - 2.6 2.5 3.4 4.2 6.4 17.0 16.1 32.5 36.8
Unclassified Liabilties (Branch Position) - - - - - - - - - - Unclassified Liabilties (Branch Position) - 4.2 5.7 54.2 74.1 14.2 19.6 20.4 22.9 4.6
Miscellaneous Excess Crude - - - - - - - - - - Miscellaneous Excess Crude - - - - - - - - - -

Federal Government - - - - - - - - - - Federal Government - - - - - - - - - -
Subnationals Government - - - - - - - - - - Subnationals Government - - - - - - - - - -
TOTAL LIABILITIES 9.7 10.7 14.6 14.3 15.7 26.7 33.2 61.5 87.7 133.4 TOTAL LIABILITIES 183.3 269.7 356.4 468.9 652.8 644.4 822.3 837.8 1,367.8 1,861.9
Source : Central Bank of Nigeria Source : Central Bank of Nigeria
Note: 1These items were reclassified from the last quarter of 2006 Note: 1These items were reclassified from the last quarter of 2006
Table A.2.2: Monetary Authority's Analytical Accounts - Liabilities (N' Billion) Table A.2.2: Monetary Authority's Analytical Accounts - Liabilities (N' Billion)
2017
m 2001 2002 2003 2004 2005 2006 2007 2008 m 2009 2010 2011 2012 2013 2014 2015
RESERVE MONEY 545.9 591.4 688.7 732.3 762.8 974.9 1,195.3 1,549.1 RESERVE MONEY 1,653.9 1,845.7 2,784.1 3,704.5 5,090.2 5,930.9 5,812.7 5,760.4 5,371.9 5,197.1 5,847.9 5,643.4 5,480.2 5,559.8 6,484.3
Currency in Circulation 403.5 463.2 502.3 545.8 642.4 779.3 960.8 1,155.3 Currency in Circulation 1,181.5 1,378.1 1,566.0 1,631.7 1,776.4 1,798.0 1,857.9 1,811.1 1,684.6 1,794.3 2,179.2 1,983.6 1,873.5 1,781.0 2,157.2
Head Office 366.2 449.9 503.0 545.8 642.4 779.3 960.8 1,155.3 Head Office 1,181.5 1,378.1 1,566.0 1,631.7 1,776.4 1,798.0 1,857.9 1,811.1 1,684.6 1,794.3 2,179.2 1,983.6 1,873.5 1,781.0 2,157.2
Currency in Circulation(Branch Position) 37.3 13.2 (0.8) - - - - - Currency in Circulation(Branch Position) - - - - - - - - - - - - - - -
Deposit Money Banks' Deposits: 142.4 128.3 186.4 186.5 120.4 195.6 234.5 393.8 Deposit Money Banks' Deposits: 472.3 467.6 1,218.0 2,072.8 3,313.8 4,133.0 3,954.8 3,949.4 3,687.3 3,402.8 3,668.7 3,659.8 3,606.7 3,778.7 4,327.1
Commercial Banks 133.4 107.2 159.9 171.1 114.8 - - - Commercial Banks - - - - - - - - - - - - - - -
Commercial Banks Demand deposits 14.7 9.2 20.0 26.4 15.4 87.0 93.0 244.0 Commercial Banks Demand Deposits 388.2 375.0 446.3 559.4 1,112.4 547.1 1,115.6 569.8 381.0 249.4 378.7 316.5 265.8 240.7 546.5
Commercial Banks Special deposits 0.0 0.0 0.0 0.0 0.0 - - - Commercial Banks Special Deposits (SIR)2 - - - - - - - 338.0 338.0 338.0 343.0 348.0 348.0 348.0 343.0
Commercial Banks Required Reserves 118.7 98.0 139.9 144.7 99.4 108.6 141.5 149.7 Commercial Banks Required Reserves 84.1 92.6 771.7 1,339.5 2,176.1 3,572.6 2,818.4 3,008.5 2,940.2 2,792.9 2,921.3 2,964.4 2,967.9 3,162.3 3,397.2
M 8.4 11.8 15.7 15.4 5.6 - - - Merchant Banks - - - - - - - - - - - - - - -
Merchant Banks Demand deposits 1.6 2.3 3.5 2.1 3.9 - - - Merchant Banks Demand Deposits - - - 171.4 9.4 0.8 1.8 11.1 2.8 0.6 1.8 1.6 1.8 5.5 10.1
Merchant Banks Special deposits 0.0 0.0 0.0 0.0 0.0 - - - Merchant Banks Special Deposits (SIR) - - - - - - - - - - - - - - -
Merchant Banks Required Reserves 6.8 9.5 12.2 13.3 1.7 - - - Merchant Banks Required Reserves - - - - 0.7 1.5 1.9 1.0 1.5 1.9 1.8 1.1 3.3 4.2 5.6
Other Deposits Of DMBs 0.0 0.1 0.1 0.0 - - - - Non Interest Bank - - - - - - - - - - - - - - -
Deposit Money Banks' deposits (branch position) 0.6 9.1 10.7 - - - - - Non Interest Bank Demand Deposit - - - 2.2 12.1 3.9 9.1 7.8 10.5 6.8 8.4 11.7 2.1 6.8 11.2
Private Sector Deposits 30.0 55.4 235.7 143.5 215.5 131.8 70.5 314.0 Non Interest Banks Special Deposits (SIR) - - - - - - - 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8
Non-Financial Public Enterprises (Parastatals): 15.8 51.6 235.3 143.1 211.1 113.7 23.0 46.3 Non Interest Bank Required Reserves - - - 0.3 3.2 6.7 7.2 10.3 10.3 10.2 10.8 13.6 14.8 8.4 10.6
Federal Government Parastatals 15.8 51.6 235.3 143.1 211.1 113.7 23.0 46.3 Primary Mortgage Banks - - - - - - - - - - - - - - -
Private Sector Corporations Deposit 0.0 0.1 0.0 0.1 4.1 - - - Primary Mortgage Banks Demand Deposit - - - - - 0.3 0.6 0.7 0.8 0.8 0.8 0.8 0.9 0.9 0.9
State and Local Government Deposits and Parastatals 0.0 0.0 0.0 0.0 0.0 - - - Primary Mortgage Banks Special Deposits (SIR) - - - - - - - - - - - - - - -
State Government Parastatals 0.0 - - 0.0 0.0 - - - Primary Mortgage Banks Required Reserves - - - - - 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
State Government Deposits 0.0 0.0 0.0 0.0 0.0 - - - Microfinance Banks Demand Deposit - - - - - - - - - - - - - - -
Local Government Deposits 0.0 - - - - - - - CBN SECURITIES 50.8 104.8 1,537.3 2,635.9 3,849.8 2,809.4 2,313.0 2,489.4 2,530.7 4,712.0 5,644.1 6,436.8 7,139.6 8,600.8 9,627.0
Other Financial Institutions Deposits 8.3 3.1 0.1 0.3 0.3 18.1 47.5 267.7 CBN Bills 50.8 104.8 1,537.3 2,635.9 3,849.8 2,809.4 2,313.0 2,489.4 2,530.7 4,712.0 5,644.1 6,436.8 7,139.6 8,600.8 9,627.0
Development Banks 0.4 0.0 0.1 0.0 0.1 2.6 1.7 1.8
Other Financial Institutions 7.9 3.0 0.0 0.3 0.2 15.5 45.9 265.9 PRIVATE SECTOR DEPOSIT 703.4 658.7 605.6 1,046.8 417.1 217.0 1,229.7 1,606.3 2,187.2 2,493.4 3,249.4 2,421.2 2,573.8 2,625.2 2,973.2
Private Sector deposits (branch position) 5.8 0.7 0.3 - - - - - Non-Financial Public Enterprises (Parastatals): 198.3 108.2 117.8 60.3 24.0 64.2 872.2 735.4 1,446.7 1,633.0 2,859.4 2,218.7 2,114.1 2,151.4 2,741.7
Federal Government Parastatals 1 198.3 108.2 117.8 60.3 24.0 64.2 872.2 735.4 1,446.7 1,633.0 2,859.4 2,218.7 2,114.1 2,151.4 2,741.7
SHORT-TERM FOREIGN LIABILITIES 11.4 5.6 6.0 228.6 43.8 - - - Private Sector Corporations Deposit - - - 0.0 0.1 0.0 0.0 0.0 10.3 10.1 0.0 0.0 0.0 0.3 1.5
Non-Resident Deposits of: 11.3 5.6 5.0 108.4 30.9 - - - State and Local Government Deposits and Parastatals - - - 3.8 5.2 3.9 33.3 24.8 28.3 27.4 34.3 35.0 21.2 33.3 48.9
Foreign DMBs (Current Accounts) 11.3 5.6 4.1 54.8 30.8 - - - State Government Parastatals - - - - - - - - - - - - - - -
Foreign Central Banks - - 0.9 47.0 0.1 - - - State Government Deposits - - - 3.3 3.0 2.2 32.2 23.6 26.5 26.9 33.9 34.8 21.0 33.1 48.7
Other Foreign Financial Institutions - - - 6.6 - - - - Local Government Deposits - - - 0.5 2.2 1.6 1.1 1.2 1.8 0.5 0.5 0.2 0.2 0.2 0.1
Other Foreign Customers - - - - - - - - Other Financial Institutions Deposits 505.1 550.5 487.8 982.7 387.8 149.0 324.2 846.1 701.9 823.0 355.6 167.5 438.5 440.2 181.1
Liabilities to Foreign Monetary Authorities: 0.0 - 1.0 120.2 12.9 - - - Development Banks 18.3 55.9 14.2 9.5 89.2 75.3 148.6 129.6 329.0 161.9 56.0 123.6 349.9 253.4 16.1
Treasury Bills Held by Foreign Monetray Authorities 0.0 - 1.0 4.0 8.0 - - - Other Financial Institutions 486.8 494.6 473.6 973.2 298.6 73.6 175.6 716.4 372.9 661.1 299.6 43.9 88.6 186.8 165.0
SME World Bank Loan A/C - - - 111.7 4.7 - - - Private Sector deposits (branch position) - - - - - - - - - - - - - - -
SME Drawdown Account - - - 4.5 0.2 - - -
Other Foreign Liabilities 0.1 0.0 0.0 0.0 - - - - SHORT-TERM FOREIGN LIABILITIES 0.3 39.0 6.0 1.5 0.0 0.0 79.4 293.0 1,181.7 421.1 458.0 1,774.4 1,071.0 1,831.9 178.6
Non-Resident Deposits of: - - - - - - - - - - - - - - -
LONG-TERM FOREIGN LIABILITIES 110.5 105.0 87.5 67.7 12.9 13.9 - 70.6 Foreign DMBs (Current Accounts) - - - - - - - - - - - - - - -
Long-Term Liabilities 110.5 105.0 87.5 67.7 12.9 13.9 - 70.6 Foreign Central Banks - - - - - - - - - - - - - - -
Trade Debt Promissory Notes A/C 110.5 105.0 87.5 67.7 12.9 - - - Other Foreign Financial Institutions - - - - - - - - - - - - - - -
Other Foreign Customers - - - - - - - - - - - - - - -
FEDERAL GOVERNMENT DEPOSITS 924.5 573.7 298.7 447.7 394.0 3,448.5 4,171.5 5,169.1 Liabilities to Foreign Monetary Authorities: - - - - - - - - - - - - - - -
Budgetary Accounts 661.0 425.4 292.8 374.9 338.2 841.7 532.9 211.3 Treasury Bills Held by Foreign Monetray Authorities - - - - - - - - - - - - - - -
Deposits on Nigerian Converted Bonds 37.7 0.8 - - - 59.4 99.9 27.1 SME World Bank Loan A/C - - - - - - - - - - - - - - -
Deposits on Development Stocks 0.0 - - - - 0.1 0.1 0.1 SME Drawdown Account - - - - - - - - - - - - - - -
Deposits on Treasury Certificates - - - 0.0 - - 2.4 2.0 Other Foreign Liabilities 0.3 39.0 6.0 1.5 0.0 0.0 79.4 293.0 1,181.7 421.1 458.0 1,774.4 1,071.0 1,831.9 178.6
Other Federal Govt Deposit 1.4 0.1 0.0 72.8 55.8 2,547.3 3,536.2 4,928.5
Federation & Mirror Accounts - - - - - - - - LONG-TERM FOREIGN LIABILITIES 25.2 0.0 - 0.3 4.8 - - - - - - - - - -
Government (Excess Crude) - - - 362.8 - 569.7 - 1,224.1 Long-Term Liabilities 25.2 0.0 - 0.3 4.8 - - - - - - - - - -
Subnationals Government (Excess Crude) - - - 428.5 - 672.8 - 1,445.7 Trade Debt Promissory Notes A/C - - - - - - - - - - - - - - -
Federal Govt Deposit (Branch Position) 224.5 147.4 5.9 - - - - - FEDERAL GOVERNMENT DEPOSITS 4,133.1 3,548.8 4,195.0 4,307.7 2,967.2 3,064.1 4,167.0 4,158.7 4,715.1 5,073.1 5,107.5 5,367.4 5,312.4 5,853.8 6,228.9
CAPITAL ACCOUNTS 170.7 70.6 353.2 553.4 710.1 320.0 261.6 602.5 Budgetary Accounts 972.4 786.4 928.9 545.5 256.9 304.2 322.7 409.6 279.8 281.9 609.5 776.6 702.9 994.3 934.0
Capital 3.0 3.0 3.0 3.0 3.0 5.0 5.0 5.0 Deposits on Nigerian Converted Bonds 32.1 14.9 28.6 190.1 307.2 489.3 589.2 316.2 463.5 270.4 149.0 439.9 266.3 215.1 544.1
Reserves 34.5 40.5 40.5 46.2 46.2 45.5 50.7 60.9 Deposits on Development Stocks 0.1 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Provisions 49.0 - 31.0 41.1 63.4 95.2 101.8 110.9 Deposits on Treasury Bills 1.8 2.8 1.3 0.1 7.8 6.5 5.7 5.8 5.8 6.5 24.6 21.5 29.4 26.2 46.6
Undisbursed Profits 3.8 27.1 - - - - - - Other Federal Govt Deposit - - - 633.1 564.5 242.5 1,664.2 1,849.9 1,849.0 2,040.7 1,830.5 2,008.3 1,759.4 1,871.9 1,821.0
Revaluation Accounts 80.4 - 278.7 463.1 597.6 174.2 104.1 425.7 Federation & Mirror Accounts 3,126.7 2,744.4 3,236.1 2,938.9 1,830.7 2,021.4 1,585.2 1,577.2 2,117.0 2,473.6 2,493.8 2,121.0 2,554.3 2,746.3 2,883.3
Foreign Assets Revaluation A/C 80.4 - 278.7 463.1 597.6 - 33.2 362.5 Of which - - - - - - - - - - - - - - -
Fixed Assets Revaluation - - - - - 174.2 70.9 63.1 Federal Government (Excess Crude) 528.5 186.3 262.8 711.3 199.0 240.3 203.1 203.2 292.2 396.0 339.3 372.1 339.6 305.3 315.8
UNCLASSIFIED LIABILITIES 282.4 308.4 194.6 1,229.0 2,267.6 5,145.4 2,990.2 2,498.7 Subnationals Government (Excess Crude) 624.2 220.1 310.3 840.1 235.1 283.8 239.8 240.0 345.1 467.7 400.8 439.4 401.1 360.6 373.0
Intra-Branch Accounts (Uncleared Effects) 1.1 4.2 2.3 1.1 349.5 499.8 579.1 1,190.2 Sovereign Wealth Fund (SWF) - - 157.0 156.2 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Govt Lending Fund 0.3 1.2 - 0.1 - - 322.6 5.2
Expense 15.6 50.2 108.8 3.3 12.3 1,292.1 52.2 92.4 CAPITAL ACCOUNTS 642.9 1,092.6 1,030.3 954.0 537.9 966.3 1,200.3 830.4 2,243.8 2,409.4 671.8 725.8 790.9 706.8 2,175.0
Impersonal Accounts - - - - - 3,008.2 54.1 153.2 Capital 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0
Liabilities to IMF 252.4 252.1 307.3 337.0 382.9 326.7 334.6 328.5 Reserves 71.9 129.8 95.6 114.7 115.8 324.0 212.7 177.4 285.9 285.9 225.5 225.7 227.4 227.4 252.9
IMF Account Adjustments 1.1 - - - - - 1.7 1.1 Provisions 122.9 886.7 774.0 751.5 337.9 316.2 325.9 304.3 311.1 313.3 400.6 402.9 404.9 406.2 784.0
SDR Allocation (CBN Rec) - - - - - 1.1 29.0 29.0 Undisbursed Profits - - - - - - - - - - - - - - -
Other Unclassified Liabilities 0.0 0.4 50.5 212.3 543.7 17.4 1,616.8 699.1 Revaluation Accounts 443.1 71.1 155.7 82.9 79.2 321.2 656.8 343.7 1,641.7 1,805.2 40.8 92.2 153.6 68.2 1,133.1
Other Miscellanoues unclassified Liabilities 0.0 0.4 50.5 212.3 543.7 17.4 1,616.8 699.1 Foreign Assets Revaluation A/C 380.0 14.0 94.1 21.3 38.5 280.4 616.0 303.0 1,601.0 1,764.5 - 51.4 112.9 27.4 1,092.3
Unclassified Liabilties (Branch Position) 11.8 0.3 4.2 - - - - - Fixed Assets Revaluation 63.1 57.1 61.6 61.6 40.8 40.8 40.8 40.8 40.8 40.8 40.8 40.8 40.8 40.8 40.8
Restricted DMBs Deposits - - - - - - 22.8 15.2
Deposits of DMBs in Liquidation - - - - - - 1.4 34.9 UNCLASSIFIED LIABILITIES 1,848.3 1,478.1 6,592.4 8,029.8 2,195.6 1,595.6 1,690.0 1,436.2 1,731.1 1,995.9 3,759.9 2,639.3 3,079.9 3,277.4 6,277.9
Miscellenoues Excess Crude savings - - 28.8 675.1 979.2 - - - Inter Bank Clearing 10.6 531.6 3,910.1 5,185.0 23.3 2.1 2.1 2.0 13.6 280.1 15.3 1.7 2.0 7.1 12.5
Federal Government - - 13.2 312.6 516.0 - - - Income 45.6 41.4 - - - - - - - - - - - - -
Subnationals Government - - 15.6 362.5 463.2 - - - Expense 120.9 1.1 145.4 817.6 1,209.3 617.1 611.2 182.5 255.4 297.9 2,135.9 945.9 1,174.9 1,316.0 1,760.5
TOTAL LIABILITIES 2,075.4 1,710.0 1,864.4 3,402.3 4,406.7 10,034.5 8,689.0 10,204.0 Impersonal Accounts 608.4 85.0 1,676.6 928.1 31.9 70.2 116.1 111.8 160.2 149.0 251.7 328.1 218.9 271.8 2,771.0
Source : Central Bank of Nigeria Liabilities to IMF 379.5 399.7 433.1 421.9 412.0 421.7 484.5 629.9 634.7 634.7 634.7 634.7 954.1 954.1 954.1
IBRD 1.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 - - - - -
SDR Allocation (CBN Rec) 358.3 384.9 401.8 399.8 400.4 406.5 406.5 456.6 456.6 456.6 683.6 683.6 683.6 683.6 727.2
Other Unclassified Liabilities 323.7 34.3 25.2 277.3 118.6 77.9 69.6 53.4 210.5 177.6 38.7 45.3 46.3 44.8 52.6
Other Miscellanoues unclassified Liabilities 323.7 34.3 25.2 277.3 118.6 77.9 69.6 53.4 210.5 177.6 38.7 45.3 46.3 44.8 52.6
Unclassified Liabilties (Branch Position) - - - - - - - - - - - - - - -
Of which: - -
m
m
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Table A.2.3: Monetary Authority's Survey (N' Billion)
2009 2010 2011 2012 2013 2014 2015

Foreign Assets (Net) 6,477.37 5,372.29 5,823.79 7,393.56 6,898.55 6,244.72 5,545.32
Foreign Assets 6,502.60 5,411.32 5,829.82 7,395.33 7,034.37 6,244.72 5,624.69
Long-Term Foreign Liabilities 25.23 0.00 - 0.31 0.31 - -
Short-Term Foreign Liabilities - 39.04 6.03 1.46 135.51 0.00 79.37
Net Credit to Government (3,709.25) (2,884.01) (3,514.45) (3,574.38) (2,101.62) (2,141.68) (1,653.07)
Claims On Fed. Govt 262.58 664.76 680.60 733.35 746.94 922.38 2,513.98
Fed Govt Deposits 3,971.83 3,548.78 4,195.05 4,307.73 2,848.55 3,064.06 4,167.05
Net Credit to Private Sector (642.19) (26.52) 3,963.55 3,661.51 4,520.79 4,642.84 3,831.86
Claims on Private Sector 7.83 632.17 4,569.15 4,708.31 4,917.49 4,859.89 5,061.61
Private Sector Deposits 650.02 658.69 605.60 1,046.80 396.70 217.05 1,229.75
Net Claims on DMBs 683.13 765.45 793.05 (1,583.30) (2,437.71) (2,035.15) (1,087.83)
Claims on DMBs - - - 1,052.56 1,259.32 774.25 1,225.18
CBN Securities - - - 2,635.86 3,697.03 2,809.39 2,313.02
Other Assets Net (1,140.53) (1,381.49) (4,281.88) (2,192.91) (1,321.09) (779.78) (823.54)
Other Assets 1,582.96 1,293.98 4,878.10 6,790.90 1,914.12 1,782.12 2,066.80
Other Liabilities 2,723.49 2,675.47 9,159.98 8,983.81 3,235.21 2,561.90 2,890.34
Reserve Money 1,668.53 1,845.71 2,784.07 3,704.48 5,558.92 5,930.95 5,812.74

Currency in Circulation 1,185.04 1,378.13 1,566.05 1,631.72 1,776.81 1,797.98 1,857.94
DMBs Deposits 483.49 467.58 1,218.02 2,072.77 3,782.11 4,132.97 3,954.80
Required Reserves 84.07 92.56 771.74 1,339.73 2,283.47 3,580.85 2,827.66
Special Deposits - - - - - - -
Current Account balances 399.42 375.02 446.28 733.04 1,498.64 552.12 1,127.14
2016 2017
5,178.22 4,437.28 7,791.14 8,790.65 7,569.80 8,378.90 9,870.24 15,134.62
5,471.24 5,720.80 8,212.29 9,248.62 10,070.35 9,449.92 11,702.13 15,313.25
- - - - - - - -
293.02 1,283.52 421.14 457.97 2,500.55 1,071.02 1,831.89 178.64
(850.71) (913.44) (1,042.53) 109.16 87.58 (75.22) (137.86) (353.56)

3,308.04 3,554.52 4,030.26 5,216.63 5,631.34 5,549.47 5,715.94 5,875.34
4,158.75 4,467.96 5,072.79 5,107.47 5,543.76 5,624.69 5,853.80 6,228.90
3,560.34 3,781.92 3,285.75 2,048.85 3,552.14 3,417.46 2,907.40 2,897.45

5,166.69 5,312.00 5,898.87 5,298.26 5,694.02 5,684.91 5,532.61 5,870.70
1,606.35 1,530.08 2,613.12 3,249.40 2,141.88 2,267.45 2,625.21 2,973.25
(1,424.11) (1,210.92) (3,069.68) (4,012.05) (4,456.67) (5,441.29) (6,767.82) (7,957.80)

1,065.25 1,319.80 1,642.32 1,632.08 1,980.18 1,698.32 1,832.99 1,669.21
2,489.36 2,530.72 4,712.00 5,644.13 6,436.84 7,139.61 8,600.81 9,627.01
(703.30) (722.84) (305.68) (1,088.69) (880.50) (790.22) (312.17) (3,236.41)

1,563.34 1,774.18 3,942.09 3,343.03 3,087.47 3,074.22 3,672.07 5,216.43
2,266.64 2,497.02 4,247.76 4,431.73 3,967.98 3,864.43 3,984.24 8,452.84
5,760.44 5,372.01 6,659.00 5,847.92 5,872.35 5,489.64 5,559.79 6,484.30

1,811.09 1,684.73 1,794.29 2,179.17 1,983.63 1,873.54 1,781.05 2,157.23
3,949.35 3,687.28 4,864.72 3,668.74 3,888.71 3,616.09 3,778.75 4,327.07
3,020.06 2,952.37 2,805.31 2,934.18 2,979.39 2,986.16 3,175.13 3,413.62
339.80 339.80 339.80 344.80 349.80 349.80 349.80 344.77
589.49 395.11 1,719.60 389.76 559.52 280.13 253.82 568.67
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Table A.3.1: Commercial Banks' Statement - Assets (N' Billion)
ASSETS 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
RESERVES 1.4 2.0 1.3 1.0 0.8 1.5 2.2 2.2 2.1 4.8 13.7 27.1 40.2 47.1
Currency 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.8 1.0 1.3 2.2 2.9 4.7 5.5
Deposits with CBN: 0.9 1.5 0.8 0.6 0.3 1.0 1.6 1.4 1.1 3.5 11.5 24.2 35.5 41.6
Reserve Requirements - - - - - - - - - - - 3.3 6.7 8.4
Current Accounts 0.9 1.5 0.8 0.6 0.3 1.0 1.6 1.4 1.1 2.5 5.0 6.1 3.5 11.5
Stabilization Securities - - - - - - - - - 1.0 6.6 14.7 25.3 21.7
Shortfall/excess credit/others - - - - - - - - - - - - - -
FOREIGN ASSETS 0.3 0.2 0.3 0.4 0.4 2.2 3.0 4.8 7.5 6.6 10.4 19.4 24.9 17.9
Claims on Non-resident Banks: 0.3 0.2 0.3 0.4 0.4 1.6 3.0 4.8 7.4 6.6 10.4 19.4 24.9 17.8
Balances held with banks outside Nigeria 0.2 0.2 0.3 0.4 0.4 1.5 2.7 4.2 6.7 5.6 1.1 16.5 23.4 15.5
Balances held with offices and branches outside Nigeria 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.6 0.7 1.0 9.3 2.9 1.4 2.3
Loans & Advances to Banks outside Nigeria 0.0 - - - - - - - - - - - - -
Bills Discounted Payable outside Nigeria 0.0 0.0 0.0 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 - 0.0 0.0
CLAIMS ON CENTRAL GOVERNMENT 1.8 2.8 5.1 8.7 10.3 4.4 7.6 7.3 3.6 8.7 6.8 5.9 29.8 39.2
Treasury Bills 0.9 2.2 4.4 7.3 8.0 3.1 5.3 5.3 2.5 7.7 6.3 5.2 28.9 38.3
Treasury Certificates 0.9 0.6 0.8 1.4 2.3 1.4 2.3 2.0 1.1 1.0 0.6 0.3 0.7 0.6
Development Stocks - - - - - - - - - - - 0.0 0.0 -
Loans & Advances to Central Government - - - - - - - - - - - 0.3 0.3 0.3
Bankers Unit Fund - - - - - - - - - - - - - -
CLAIMS ON STATE & LOCAL GOVERNMENT - - - - - - - - - - - 1.3 1.5 1.9

Loans & Advances to State Government - - - - - - - - - - - 1.1 1.2 1.6
Loans & Advances to Local Government - - - - - - - - - - - 0.2 0.3 0.3
CLAIMS ON OTHER PRIVATE SECTOR 8.8 10.5 10.8 11.3 12.3 15.6 17.7 19.7 22.3 26.6 30.5 41.2 48.2 92.0
Loans & Advances to Other Customers 8.2 9.9 10.3 10.8 11.7 14.8 16.5 19.5 21.3 25.2 29.9 38.8 42.6 84.7
Loans & Advances to Nigeria Banks Subsidiaries - 0.0 - - - - - - - - - - - -
Bills Discounted from non-bank sources - - - - - - - - - - - 0.0 0.0 0.1
Investments: 0.6 0.6 0.6 0.5 0.6 0.8 1.1 0.3 1.0 1.4 0.6 1.2 1.7 1.5
Ordinary Shares - - - - - - - - - - - 0.5 0.1 0.4
Preference Shares - - - - - - - - - - - 0.0 0.0 0.2
Debentures - - - - - - - - - - - 0.3 0.6 0.3
Subsidiaries - - - - - - - - - - - 0.2 0.0 0.1
Other investments 0.6 0.6 0.6 0.5 0.6 0.8 1.1 0.3 1.0 1.4 0.6 0.2 0.9 0.6
Commercial papers - - - - - - - - - - - 0.4 1.9 2.3
Bankers Acceptances - - - - - - - - - - - 0.1 1.0 2.0
Factored Debt - - - - - - - - - - - - - -
Advances under Lease - - - - - - - - - - - 0.7 1.0 1.3
CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - - - - - - - - - - - - -
UNCLASSIFIED ASSETS 7.2 7.1 9.1 8.6 8.2 15.9 19.4 24.0 29.4 36.4 56.1 64.3 81.5 96.9
Fixed Assets - - - - - - - - - - - 8.0 10.6 18.7
Domestic Inter-Bank Claims: 1.0 0.8 1.5 1.1 0.8 1.4 2.7 3.1 1.9 3.2 4.6 14.9 20.7 25.5
Bills Discounted from Banks in Nigeria 0.1 0.1 0.1 0.0 0.0 0.1 0.2 0.4 0.3 0.3 0.4 0.7 0.7 0.9
Money at call with Banks 0.3 0.3 0.7 0.6 0.4 0.6 0.7 0.2 - 0.0 - 7.6 2.6 1.7
Inter-bank Placements - - - - - - - - - - - 0.5 3.2 3.3
Balances held with banks in Nigeria 0.6 0.4 0.7 0.4 0.4 0.6 1.7 2.5 1.0 2.4 2.7 4.5 5.5 13.2
Loans & Advances to other Banks in Nigeria 0.0 0.0 0.0 0.0 0.0 0.0 0.1 - 0.5 0.6 1.4 1.6 0.2 0.4
Checks for Collection - - - - - - - - - - - - 8.6 6.0
Money at call outside banks - - - - - - - - - - - 0.0 0.5 -
Certificates of Deposit - - - - - - - - - - - 0.5 0.1 0.3
Placement with Discount Houses - - - - - - - - - - - - - 4.7
Other Assets: 6.3 6.4 7.6 7.5 7.3 14.5 16.7 21.0 27.5 33.1 51.5 40.9 49.6 47.9
Receivables - - - - - - - - - - - 8.1 6.1 4.4
Pre-payments - - - - - - - - - - - 1.8 3.7 2.6
Bills Payable - - - - - - - - - - - 0.7 - -
Suspense - - - - - - - - - - - 19.3 3.1 10.7
Sundry Debtors - - - - - - - - - - - 0.9 - -
FEM - - - - - - - - - - - 2.2 - -
CBN naira Depreciation - - - - - - - - - - - 2.8 - -
NDIC - - - - - - - - - - - 0.1 - -
Miscellaneous 6.3 6.4 7.6 7.5 7.3 14.5 16.7 21.0 27.5 33.1 51.5 4.9 36.6 30.1
TOTAL ASSETS 19.5 22.7 26.7 30.1 32.0 39.7 49.8 58.0 64.9 83.0 117.5 159.2 226.2 295.0
Note: Following the adoption of Universal Banking in Nigeria, commercial and merchant banks figures were merged from 2001
Table A.3.1: Commercial Banks' Statement - Assets (N' Billion)
ASSETS 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
RESERVES 54.1 62.7 64.6 62.7 118.5 167.6 319.0 321.5 362.4 364.2 515.2 670.5 659.6 910.7
Currency 7.1 9.9 14.1 15.5 21.9 35.0 64.8 76.2 90.1 87.2 79.2 128.3 222.9 262.7
Deposits with CBN: 47.0 52.8 50.5 47.1 96.6 132.7 254.2 245.3 272.3 186.5 120.4 542.2 436.7 648.0
Reserve Requirements 10.9 16.9 22.7 27.7 62.0 77.8 125.3 139.7 152.3 158.0 101.1 206.5 148.1 150.7
Current Accounts 6.8 9.9 15.3 19.1 34.6 54.9 94.4 105.3 120.0 28.5 19.3 307.5 254.0 453.8
Stabilization Securities 29.3 26.0 12.4 0.3 0.0 - - - - - - - 7.5 3.4
CBN Bills - - - - - - 34.5 0.3 - - - 10.6 5.6 0.0
Shortfall/excess credit/others - - - - - - - - - (90.5) (315.7) 17.5 21.6 40.1
FOREIGN ASSETS 57.3 47.6 53.3 75.1 135.2 194.6 305.0 398.2 437.7 481.3 463.2 1,358.3 930.7 1,506.8
Claims on Non-resident Banks: 57.3 47.6 53.3 75.1 135.2 194.6 305.0 398.2 437.7 481.3 463.2 1,358.3 930.7 1,506.8
Balances held with banks outside Nigeria 50.8 43.8 46.9 41.8 87.5 132.1 250.7 350.4 378.4 405.7 415.7 1,232.4 888.3 1,459.2
Balances held with offices and branches outside Nigeria 6.5 3.8 6.4 33.4 47.7 62.4 54.3 47.8 59.3 75.6 47.5 125.9 42.4 47.7
Loans & Advances to Banks outside Nigeria - - - - - - - - - - - - - -
Bills Discounted Payable outside Nigeria - - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -
CLAIMS ON CENTRAL GOVERNMENT 20.8 47.5 39.6 49.1 188.6 278.1 208.3 467.5 378.2 609.1 630.8 993.5 1,960.4 1,717.1
Treasury Bills 17.7 46.8 37.9 47.2 186.1 275.8 199.3 460.2 338.1 572.4 511.9 653.4 1,264.3 749.3
Treasury Certificates 0.3 0.0 0.0 - 0.4 - - - - - - - - 39.7
Development Stocks 2.5 0.5 1.5 1.6 1.6 1.6 3.7 1.1 33.3 32.8 101.4 319.3 694.1 914.1
Loans & Advances to Central Government 0.2 0.3 0.2 0.3 0.4 0.8 5.3 6.2 6.8 3.9 17.6 20.8 2.1 14.0
Bankers Unit Fund - - - - - - - - - - - - - -
CLAIMS ON STATE & LOCAL GOVERNMENT 2.7 3.3 2.4 0.8 2.1 7.5 26.8 17.3 20.2 24.6 54.5 80.7 87.8 149.8
Loans & Advances to State Government 2.4 3.0 2.1 0.7 1.7 6.9 24.9 16.4 19.4 22.1 50.8 72.8 69.5 129.7
Loans & Advances to Local Government 0.2 0.3 0.3 0.2 0.4 0.6 1.9 1.0 0.9 2.5 3.8 7.9 18.2 20.0
CLAIMS ON OTHER PRIVATE SECTOR 141.7 171.6 238.2 271.7 350.6 480.0 817.7 931.1 1,183.0 1,494.6 1,936.6 2,528.6 4,732.9 7,649.6
Loans & Advances to Other Customers 122.8 153.2 214.8 244.7 311.7 429.3 714.5 805.3 1,012.4 1,278.6 1,584.5 2,096.3 3,861.5 6,051.7
Loans & Advances to Nigeria Banks Subsidiaries - 0.1 0.0 - - - - - 0.1 0.2 - - 61.8 116.4
Bills Discounted from non-bank sources 0.5 0.0 0.1 0.3 0.2 0.0 0.1 0.3 0.5 0.2 0.3 - - -
Investments: 2.2 2.5 3.5 4.2 5.2 7.9 15.9 35.4 62.9 72.8 88.4 141.6 292.3 480.7
Ordinary Shares 0.0 0.4 0.5 1.0 0.8 2.7 6.5 10.9 24.6 32.0 31.8 75.8 177.4 317.5
Preference Shares 0.6 0.1 0.1 0.1 2.0 0.0 0.1 0.0 0.5 2.3 10.9 - - -
Debentures 0.4 0.2 0.9 0.9 0.1 1.1 1.5 5.8 15.1 13.2 17.0 2.7 0.6 1.3
Subsidiaries 0.2 0.4 0.4 1.7 1.4 1.6 2.2 3.8 8.8 9.6 13.6 19.0 38.9 84.5
Other investments 1.0 1.3 1.5 0.6 1.0 2.5 5.7 14.9 14.0 15.7 15.1 44.1 75.5 77.5
Commercial papers 7.8 2.3 10.6 5.2 17.8 16.0 35.3 37.0 47.6 80.1 194.6 193.5 363.4 822.7
Bankers Acceptances 6.8 12.0 7.2 12.7 8.5 24.7 30.8 32.2 33.9 24.0 41.1 45.7 81.8 66.4
Factored Debt 0.0 - - - - - - - - - - - - -
Advances under Lease 1.6 1.6 2.1 4.7 7.2 2.0 21.1 20.9 25.7 38.7 27.7 51.5 72.1 111.8
CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - - - - - - - - - - - - -
UNCLASSIFIED ASSETS 108.7 126.0 186.3 235.1 275.0 441.0 570.3 631.2 666.4 779.5 914.7 1,541.4 2,610.2 3,985.5
Fixed Assets 27.2 34.1 43.7 55.3 75.0 103.4 153.9 192.2 234.5 285.3 263.8 429.1 655.7 834.4
Domestic Inter-Bank Claims: 31.6 27.5 51.8 54.7 69.8 123.2 139.4 142.4 170.1 247.6 206.3 208.2 527.8 1,311.1
Bills Discounted from Banks in Nigeria 0.2 0.7 0.2 0.0 0.1 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0
Money at call with Banks 1.0 1.8 9.0 0.7 2.4 6.2 4.9 9.2 4.8 5.3 16.2 6.8 70.5 163.8
Inter-bank Placements 4.6 2.8 9.1 12.8 15.3 34.8 37.8 36.1 46.1 29.8 54.1 50.4 78.2 385.9
Balances held with banks in Nigeria 20.9 17.0 24.4 24.2 40.3 40.7 60.0 57.0 47.2 97.2 77.7 136.5 217.5 477.0
Loans & Advances to other Banks in Nigeria 0.3 0.8 0.5 0.5 0.3 0.2 0.4 0.8 0.8 0.3 0.3 0.0 0.0 0.0
Checks for Collection 4.6 4.4 8.7 16.5 11.4 41.3 36.2 39.1 71.2 115.0 58.0 14.4 161.7 284.5
Money at call outside banks - - - - - - - - - - - - - -
Certificates of Deposit 0.0 0.0 - - - - - - - - - - 2.5 -
Placement with Discount Houses 3.4 10.0 11.3 41.2 41.3 85.1 97.7 68.0 89.6 66.7 86.0 77.7 289.5 674.0
Other Assets: 46.5 54.3 79.4 83.9 89.0 129.3 179.4 228.6 172.1 179.9 358.6 826.3 1,134.7 1,166.0
Receivables 8.5 8.9 9.8 13.9 20.8 26.0 31.1 37.3 51.2 57.4 69.5 147.3 325.7 562.6
Pre-payments 4.7 5.1 5.5 8.1 10.8 18.9 23.6 29.2 57.2 61.2 52.6 102.2 202.6 302.3
Bills Payable - - - - - - - - - - - - - -
Suspense 4.8 2.7 4.7 4.8 6.4 40.2 24.1 27.9 19.8 19.9 38.9 64.0 40.8 70.5
Sundry Debtors - - 0.6 0.6 0.0 6.4 42.3 - 40.1 39.6 41.0 49.9 113.6 68.9
FEM - 0.2 1.7 2.2 - - - - - - 144.0 11.2 34.2 16.5
CBN naira Depreciation - - - - - - - - - - - 22.7 21.0 14.1
NDIC - - - - - - - - - - - 59.1 - -
Miscellaneous 28.5 37.6 57.1 54.3 50.9 37.7 58.2 134.1 3.8 1.8 12.6 0.2 136.4 131.2
TOTAL ASSETS 385.1 458.8 584.4 694.6 1,070.0 1,568.8 2,247.0 2,766.9 3,047.9 3,753.3 4,515.1 7,172.9 10,981.7 15,919.6
Table A.3.1: Commercial Banks' Statement - Assets (N' Billion) Table A.3.1: Commercial Banks' & NIB's Statement - Assets (N' Billion)
2016 2017
ASSETS 2009 2010 2011 2012 2013 ASSETS 2014 2015 March June September December March June September December
RESERVES 521.8 531.4 1,222.5 1,847.2 3,197.6 RESERVES 4,466.6 4460.1 4737.5 4370.5 3867.5 4257.5 4237.3 4251.0 4519.9 4984.8
Currency 254.3 295.8 320.9 330.2 328.8 Currency 360.6 401.8 369.7 305.5 316.8 358.8 320.5 396.3 345.7 374.6
Deposits with CBN: 267.5 235.6 901.6 1,517.1 2,868.8 Deposits with CBN: 4,106.0 4058.3 4367.7 4064.9 3550.7 3898.7 3916.8 3854.7 4174.2 4610.2
[i] Reserve Requirements 87.0 95.6 770.1 1,338.8 2,270.4 [i] Reserve Requirements 3,578.5 3086.0 3521.7 3535.9 3316.7 3440.0 3429.2 3441.9 3624.1 3944.1
[ii] Current Accounts 180.5 139.9 131.5 178.3 598.4 [ii] Current Accounts 496.3 935.9 665.3 415.6 111.7 313.0 370.2 294.3 378.3 485.3
CLAIMS ON CENTRAL BANK 188.5 262.3 598.5 1,693.6 912.7 [ii] Other Deposit 31.2 36.4 180.8 113.5 122.3 145.7 117.4 118.4 171.9 180.8
[i]Stabilization Securities 42.0 1.2 - - -
[ii] CBN Bills 54.4 209.9 534.0 1,631.6 529.4CLAIMS ON CENTRAL BANK 476.1 624.0 550.1 595.2 724.3 734.0 770.0 800.9 709.6 2526.0
[iii] Shortfall/excess credit/others 92.1 51.2 64.5 62.0 383.3[i] Stabilization Securities - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
[ii] CBN Bills 476.1 624.0 550.1 595.2 724.3 734.0 770.0 800.9 709.6 2526.0
FOREIGN ASSETS 1,265.6 1,296.4 1,702.5 2,005.5 2,103.3 [iii] Shortfall/excess credit/others - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Claims on Non-resident Banks: 1,265.6 1,296.3 1,702.5 2,005.5 2,103.3
[i] Balances held with banks outside Nigeria 1,208.8 1,210.5 1,606.5 1,885.2 2,101.3 FOREIGN ASSETS 2,056.6 1568.0 1827.3 2343.1 2248.4 2051.0 2045.1 2421.6 2571.3 2618.0
[ii] Balances held with offices and branches outside Ni 56.8 85.8 96.0 120.3 1.9 Foregn Currency Holdings 109.2 79.0 88.4 112.9 129.8 177.7 166.8 252.2 342.3 179.9
[iii] Loans & Advances to Banks outside Nigeria - - - - - Claims on Non-resident: 1,947.4 1489.0 1738.9 2230.3 2118.6 1873.3 1878.3 2169.4 2228.9 2438.1
Bills Discounted Payable outside Nigeria 0.0 0.0 0.0 0.0 - [i] Balances held with banks outside Nigeria 1,894.1 1493.0 1723.1 2224.8 2011.6 1765.6 1753.0 2058.4 2101.6 2304.5
[ii] Balances held with offices and branches outside Nigeria 33.3 -6.3 13.4 2.2 103.3 104.4 121.9 107.3 123.6 133.3
CLAIMS ON CENTRAL GOVERNMENT 1,826.7 2,377.9 3,162.4 2,233.5 3,528.6 [iii] Loans & Advances to Banks outside Nigeria 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Treasury Bills / Treasury Bills Rediscounted 585.4 925.3 1,458.3 640.8 2,393.6 Bills Discounted Payable outside Nigeria - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Treasury Certificates - - - - -
FGN Bonds 1,229.0 1,448.1 1,697.7 1,591.8 1,134.4 CLAIMS ON CENTRAL GOVERNMENT 3,979.0 4524.1 4532.1 4252.7 4636.3 4631.1 5083.0 4897.4 4929.0 3903.1
Loans & Advances to Central Government 12.2 4.5 6.5 0.9 0.7 Treasury Bills 2,481.8 2480.3 2504.4 2287.6 2956.1 2922.0 3139.4 3174.6 3298.8 2005.4
Bankers Unit Fund - - - - - Treasury Certificates - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Development Stocks /FGN Bonds 1,491.0 2035.9 2027.4 1964.8 1678.2 1709.0 1942.8 1718.8 1629.6 1897.6
CLAIMS ON STATE & LOCAL GOVERNMENT 310.3 369.8 513.2 665.9 776.7 Loans & Advances to Central Government 6.3 7.8 0.3 0.3 2.1 0.1 0.9 3.9 0.6 0.1
Loans & Advances to State Government 292.0 354.5 497.8 655.0 757.7 Bankers Unit Fund - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Loans & Advances to Local Government 18.3 15.3 15.4 10.9 19.0
CLAIMS ON STATE & LOCAL GOVERNMENT 538.8 585.1 660.2 700.0 685.6 682.9 703.7 679.4 712.7 898.1
CLAIMS ON OTHER PRIVATE SECTOR 9,357.6 8,828.4 9,101.2 9,775.1 10,767.0 Loans & Advances to State Government 530.3 580.6 654.2 686.3 679.8 677.0 698.0 673.6 699.0 890.4
Loans & Advances to Other Customers (Gross) 7,385.8 6,359.6 6,098.5 7,034.1 8,730.6 Loans & Advances to Local Government 6.0 3.3 4.8 12.5 4.8 4.8 4.8 4.8 4.8 1.6
Loans & Advances to Nigeria Banks Subsidiaries 330.7 195.9 24.5 2.0 2.0 State Bonds 2.4 1.2 1.2 1.2 1.1 1.1 1.0 1.0 8.9 6.1
Bills Discounted from non-bank sources 50.0 0.1 3.1 3.4 1.9 Local Govt. Bond - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Investments: 890.3 1,869.1 2,574.7 2,551.2 1,836.9
[i] Ordinary Shares 612.0 486.0 355.8 287.1 274.0 CLAIMS ON PRIVATE SECTOR 12,664.7 13011.0 12950.5 15237.4 15880.3 15855.8 15727.0 15453.2 15606.5 15345.1
[ii] Preference Shares - - - - - Loans & Advances to Other Customers 11,591.0 11609.3 11439.5 13616.5 14128.9 14163.5 14027.7 13775.1 13911.9 13703.0
[iii] Debentures 27.6 56.6 74.8 46.7 55.8 Loans & Advances to Nigeria Banks Subsidiaries/Affilates 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
[iv] Subsidiaries 156.0 156.3 226.0 207.8 239.2 Bills Discounted from non-bank sources 1.7 1.7 0.8 1.2 4.5 7.5 2.8 3.1 3.0 3.7
[v] Other investments 94.8 1,170.3 1,918.0 2,009.6 1,267.9 Investments: 889.0 1223.2 1362.0 1447.6 1567.3 1534.4 1539.9 1532.5 1565.6 1513.6
Commercial papers 509.1 189.2 203.0 1.1 9.3 [i] (Ordinary Shares) Other Investment - Quoted 60.3 18.6 17.7 17.8 15.9 15.8 15.7 16.1 16.1 16.1
Bankers Acceptances 62.2 79.2 73.4 9.9 20.5 [ii] (Preference Shares) Other Investment - Unquoted 240.3 304.0 311.6 341.0 398.6 374.5 385.3 389.1 402.0 413.1
Factored Debt - - - - - [iii] Debentures Corporate Bonds 143.6 154.5 154.4 158.2 150.5 135.2 125.6 108.3 63.4 58.4
Advances under Lease 129.5 135.2 124.1 173.6 165.7 [iv] Other Bonds 33.2 34.8 33.3 33.9 40.6 39.9 33.5 34.1 33.1 31.7
[v] Subsidiaries 313.0 310.8 320.2 318.9 329.9 331.5 331.5 327.6 382.6 382.8
CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - - - - [vi] Other investments (includes AMCON bonds effective Dec-10 - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Placement with Discount Houses - - - - - [vii] Other investments (Promissory notes and other financial assets held) 98.4 400.4 524.8 577.8 631.9 637.4 648.3 657.4 668.4 611.5
UNCLASSIFIED ASSETS 4,052.4 3,665.4 3,096.3 3,067.4 3,015.4 Commercial papers 9.8 6.3 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0
Fixed Assets 1,034.9 1,110.4 1,169.8 1,240.6 1,263.9 Bankers Acceptances 8.8 28.4 12.3 29.8 45.6 27.8 43.2 41.0 26.8 26.4
Domestic Inter-Bank Claims: 1,322.5 1,097.1 543.8 407.2 533.0 Factored Debt - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
[i] Bills Discounted from Banks in Nigeria 0.0 0.0 - - - Advances under Lease 161.8 142.0 135.5 141.8 134.0 122.5 113.5 101.4 99.2 98.4
[ii] Money at call with Banks 244.9 140.1 116.4 72.3 208.4
[iii] Inter-bank Placements 843.9 763.9 208.9 124.5 164.4 FINANCIAL DERIVATIVES 19.1 25.1 20.9 49.8 219.9 194.8 232.0 234.5 160.3 146.5
[iv] Balances held with banks in Nigeria 160.6 117.5 121.0 67.5 85.1 Derivatives 19.1 25.1 20.9 49.8 219.9 194.8 232.0 234.5 160.3 146.5
[v] Loans & Advances to other Banks in Nigeria 0.0 0.0 0.0 0.0 0.0
[vi] Checks for Collection 73.1 75.6 97.6 142.9 75.0 UNCLASSIFIED ASSETS 3,325.4 3375.8 3292.6 3752.3 3529.6 3275.7 3632.5 4137.3 4101.0 4172.2
Money at call outside banks - - - - - Fixed Assets 1,346.7 1444.5 1460.1 1484.7 1504.3 1526.0 1562.1 1597.7 1619.0 1676.4
Certificates of Deposit 50.5 - - 34.0 20.5 Non Current Assets 44.4 5.9 5.9 2.4 3.7 3.8 3.9 6.3 6.5 16.0
Placement with Discount Houses 242.9 256.9 246.2 229.5 57.4 Domestic Inter-Bank Claims: 530.0 460.0 371.1 477.6 339.8 347.8 404.7 521.2 419.3 470.9
Other Assets: 1,401.6 1,200.9 1,136.5 1,156.1 1,140.6 [i] Bills Discounted from Banks in Nigeria - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Receivables 545.7 700.7 620.9 609.8 583.5 [ii] Money at call with Banks 39.2 43.8 65.3 104.1 94.0 72.9 61.3 79.9 47.6 46.3
Pre-payments 283.6 238.6 215.7 201.7 174.2 [iii] Inter-bank Placements 391.3 304.2 258.8 303.1 172.7 232.2 192.0 244.6 154.5 178.5
Bills Payable - - - - - [iv] Balances held with banks in Nigeria 33.5 99.7 37.2 59.7 25.5 29.7 136.8 188.0 212.4 242.1
Suspense 62.8 30.1 46.7 72.7 142.6 [v] Loans & Advances to other Banks in Nigeria 12.3 10.9 8.7 9.0 45.9 11.9 8.7 6.9 3.7 2.8
Sundry Debtors 42.1 23.2 29.6 49.0 18.9 [vi] Cheques for Collection 53.7 1.4 1.1 1.7 1.7 1.3 5.9 1.9 0.9 1.2
Goodwill and other intangible assets 17.1 17.1 133.6 122.1 137.1 Money at call outside banks - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
unamortised reserves for loan looses allowed by CBN 188.4 - 4.1 3.9 - Certificates of Deposit 51.0 75.7 48.7 55.0 0.0 0.0 0.0 0.0 0.0 59.5
domestic & foreign (miscellaneous) - - - - - Placement with Discount Houses 37.9 9.7 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Treasury Bills for Liquidity Management - - - - - Other Assets: 1,315.4 1379.9 1402.8 1732.5 1681.9 1398.1 1661.9 2012.1 2056.2 1949.4
Miscellaneous(others) 261.9 191.2 85.8 97.0 84.3 Receivables 690.6 757.9 697.1 945.7 954.8 708.0 818.5 1028.1 1188.0 1208.7
TOTAL ASSETS: 17,522.9 17,331.6 19,396.6 21,288.1 24,301.2 Pre-payments 145.1 137.9 174.6 258.9 244.5 160.4 241.2 326.8 244.1 165.2
of which AMCON Bonds - 854.0 1,726.4 1,797.0 1,025.5 Suspense 92.5 0.0 0.0 0.0 0.0 0.0 115.7 128.8 175.2 90.6
Sundry Debtors Deferred Tax Assets 219.1 79.0 132.0 115.5 104.4 109.3 233.2 215.1 217.4 217.5
Goodwill and other intangible assets 89.2 237.8 241.9 243.5 237.3 242.5 120.1 148.3 153.0 157.6
unamortised reserves for loan looses allowed by CBN 2.2 114.2 114.6 102.6 106.3 117.2 1.6 1.6 1.6 1.5
Foreign Inward Transfer 2.2 1.7 1.6 1.7 1.6 0.0 0.0 0.0 0.0
domestic & foreign (miscellaneous) 66.8 42.9 40.8 64.7 33.0 59.0 131.5 163.5 76.8 108.2
Treasury Bills for Liquidity Management - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Miscellaneous(others) - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TOTAL ASSETS: 27,526.4 28173.3 28571.3 31301.0 31792.0 31682.8 32430.7 32875.3 33310.2 34593.9
Source: Computed from Deposit Money Banks' Returns

Note: Effective March 2014, DMBs Numbers are in compliance with international Financial Reporting Standard (IFRS).
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Tables A.3.2: Commercial Banks' Statement - Liabilities (N' Billion)
LIABILITIES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
DEMAND DEPOSITS 4.9 5.2 5.9 6.3 7.0 6.6 8.0 10.7 10.2 15.6 22.0 33.3 49.9 65.3
Private Sector Deposits 4.9 5.2 5.9 6.3 7.0 6.6 8.0 10.7 10.2 15.6 22.0 31.1 48.2 63.5
State Government Deposits - - - - - - - - - - - 1.3 0.9 1.1
Local Government Deposits - - - - - - - - - - - 0.9 0.8 0.7
TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS 5.8 6.8 8.1 9.4 10.6 11.5 15.1 18.4 17.0 23.2 30.4 41.8 60.5 77.2
Time Deposits: 3.8 4.5 5.2 6.0 6.9 7.2 9.9 11.3 7.7 10.2 11.0 15.7 23.5 25.9
Savings Deposits: 2.0 2.3 2.9 3.4 3.7 4.3 5.2 7.1 9.2 13.0 19.4 26.1 37.1 49.6
Foreign Currency Deposits: - - - - - - - - - - - - - 1.7
Domiciliary Accounts - - - - - - - - - - - - - 1.7
Other Deposits: - - - - - - - - - - - - - -
MONEY MARKET INSTRUMENTS: 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.1 0.2 0.3 0.1
Certificate of Deposit Issued 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.1 0.2 0.3 0.1
Notes & Deposit (Cash) certificates - - - - - - - - - - - - - -
BONDS - - - - - - - - - - - 0.2 0.2 2.9

Debentures - - - - - - - - - - - 0.2 0.2 0.3
Notes & Deposit (Cash) certificates - - - - - - - - - - - - - 2.6
FOREIGN LIABILITIES: 0.1 0.2 0.3 0.1 0.3 0.8 0.9 0.3 0.9 0.2 0.8 1.3 0.6 0.6
Balance Held for offices and branches Abroad 0.0 0.0 0.0 0.0 0.1 0.4 0.2 0.2 0.7 0.1 0.4 0.4 0.2 0.3
Balance held for banks outside Nigeria 0.1 0.2 0.3 0.1 0.1 0.4 0.6 0.1 0.1 0.1 0.4 0.8 0.2 0.3
Money at call with foreign banks - - - - 0.0 - - - 0.0 0.0 - 0.0 0.2 -
Loans & Advances from other banks outside Nigeria - - - - 0.0 0.0 - - 0.0 - 0.0 0.1 0.0 -
CENTRAL GOVERNMENT DEPOSITS - - - - - - - - - - - 1.0 2.0 1.6

Federal Government Time Deposits - - - - - - - - - - - 0.5 0.3 0.3
Federal Government Demand Deposits - - - - - - - - - - - 0.4 1.6 0.9
Federal Government Savings Deposits - - - - - - - - - - - 0.2 0.0 0.3
CREDIT FROM CENTRAL BANK - - - 0.1 - - 0.0 0.1 0.1 0.1 0.1 0.1 0.0 9.7
Loans & Advances from CBN - - - 0.1 - - 0.0 0.1 0.1 0.1 0.1 - - 0.0
CBN Overdrafts to banks - - - - - - - - - - - 0.1 0.0 9.6
CAPITAL ACCOUNTS: 0.5 0.7 0.8 1.0 1.1 1.3 1.5 1.9 2.7 3.7 4.3 26.5 29.6 32.1
Capital 0.5 0.7 0.8 1.0 1.1 1.3 1.5 1.9 2.7 3.7 4.3 3.8 4.4 5.4
Reserve Fund - - - - - - - - - - - 4.2 1.0 0.9
Reserves for Depreciation & non-performing assets - - - - - - - - - - - 18.5 21.7 24.1
Loans & Advances from Federal and State Govt - - - - - - - - - - - 0.0 2.5 1.7
Total loans /lease loss provision - - - - - - - - - - - - - -
UNCLASSIFIED LIABILITIES: 8.2 9.6 11.5 13.2 13.0 19.4 24.2 26.5 33.8 39.9 59.8 54.9 83.0 105.6
Inter-bank liabilities 0.3 0.3 0.3 0.5 0.2 0.4 1.2 1.2 1.8 3.0 1.6 2.6 18.5 14.9
Balances held for banks in Nigeria 0.1 0.1 0.1 0.2 0.1 0.2 0.5 0.6 0.4 0.6 0.6 0.5 1.3 0.9
Money at call from banks in Nigeria 0.1 0.1 0.1 0.3 0.1 0.2 0.4 0.5 0.9 1.8 0.3 1.5 0.3 0.1
Inter-bank takings - - - - - - - - - - - 0.6 0.6 0.6
Uncleared effects - - - - - - - - - - - - 13.3 9.3
Loans & Advances from other banks in Nigeria - - - - 0.0 0.0 0.0 0.0 0.3 0.6 0.7 - - 0.1
Bankers payments - - - - - - - - - - - - 3.0 4.0
Loans & Advances from Other creditors 0.1 0.1 0.1 - 0.1 0.1 0.2 0.1 0.2 - 0.1 0.0 - 0.1
Letters of Credit - - - - - - - - - - - - 3.7 3.6
Takings from Discount Houses - - - - - - - - - - - - 7.2 0.3
Other Liabilities: 7.8 9.3 11.3 12.7 12.8 18.9 23.0 25.3 32.0 36.9 58.1 52.2 53.5 86.6
Accounts Payables - - - - - - - - - - - 6.8 9.6 9.5
Suspense Account - - - - - - - - - - - 25.2 10.6 45.5
Provision for Tax Payments - - - - - - - - - - - 1.5 2.5 1.9
Sundry Creditors - - - - - - - - - - - 4.0 - -
Forex Awaiting Cover - - - - - - - - - - - 2.1 - -
Exchange Differential - - - - - - - - - - - 1.5 0.4 0.0
Provision for Bad Debt - - - - - - - - - - - 7.9 - 4.0
FEM - - - - - - - - - - - 3.1 - -
Miscellaneous 7.8 9.3 11.3 12.7 12.8 18.9 23.0 25.3 32.0 36.9 58.1 0.1 30.5 25.8
TOTAL LIABILITIES: 19.5 22.7 26.7 30.1 32.0 39.7 49.8 58.0 64.9 83.0 117.5 159.2 226.2 295.0
Tables A.3.2: Commercial Banks' Statement - Liabilities (N' Billion)
LIABILITIES 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
DEMAND DEPOSITS 79.5 95.9 128.2 142.3 202.2 345.0 448.0 503.9 577.7 728.6 946.6 1,497.9 2,307.9 3,650.6
Private Sector Deposits 76.0 93.3 122.5 132.0 185.6 308.3 425.6 468.0 546.5 680.3 886.9 1,412.0 2,188.5 3,291.0
State Government Deposits 2.6 1.7 4.6 7.5 13.5 26.8 19.6 27.9 25.2 40.3 49.8 75.0 104.3 303.1
Local Government Deposits 0.9 0.9 1.1 2.8 3.1 9.9 2.8 8.0 6.0 7.9 10.0 10.9 15.1 56.6
TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS 99.5 118.5 141.7 172.1 274.2 357.1 499.2 653.2 759.6 932.9 1,089.5 1,747.3 2,693.6 4,309.5
Time Deposits: 30.0 44.0 52.1 61.3 110.8 154.4 235.5 300.1 324.7 401.1 499.0 852.4 1,465.3 2,293.6
Private Sector Deposits 29.0 43.3 50.8 58.7 107.3 145.9 230.8 289.9 313.1 390.4 486.6 838.6 1,443.0 2,254.9
Savings Deposits: 62.1 68.8 84.1 101.4 128.4 164.6 216.5 244.1 312.4 359.3 402.0 592.5 753.9 1,091.8
Private Sector Deposits 61.3 68.5 83.9 100.9 127.8 164.0 216.3 242.8 311.2 358.7 400.4 586.2 748.2 1,083.8
Foreign Currency Deposits: 7.4 5.7 5.5 9.4 35.1 38.1 47.2 109.0 122.6 172.5 188.5 302.4 474.4 924.1
Domiciliary Accounts 7.4 5.7 5.5 9.4 35.1 38.1 47.2 109.0 122.6 172.5 188.5 302.4 474.4 924.1
Other Deposits: - - - - - - - - - - - - - -
MONEY MARKET INSTRUMENTS: 0.0 0.5 0.0 0.0 0.1 0.6 26.0 25.4 29.0 36.4 61.4 69.7 107.3 450.1
Certificate of Deposit Issued 0.0 0.5 0.0 0.0 0.1 0.6 0.6 0.9 1.1 1.0 3.3 0.0 0.0 0.0
Notes & Deposit (Cash) certificates - - - - - - 25.4 24.5 27.9 35.4 58.1 69.7 107.3 450.1
BONDS 4.7 5.1 10.5 6.3 11.3 12.4 0.2 - 2.8 3.0 4.0 3.7 79.8 76.1
Debentures 0.8 0.5 0.8 0.5 0.4 0.3 0.2 - 2.8 3.0 4.0 3.7 79.8 76.1
Notes & Deposit (Cash) certificates 3.9 4.6 9.7 5.9 10.9 12.1 - - - - - - - -
FOREIGN LIABILITIES: 0.6 0.3 0.4 2.1 5.2 14.9 17.2 19.0 21.1 18.9 23.3 653.8 234.5 227.2
Balance Held for offices and branches Abroad 0.0 0.0 0.0 0.0 4.3 0.4 3.6 3.1 0.0 0.0 0.2 79.9 9.7 6.0
Balance held for banks outside Nigeria 0.6 0.3 0.4 2.1 0.9 14.5 13.6 15.9 21.1 18.9 23.1 540.4 124.0 83.9
Money at call with foreign banks - - - - - - - - - - - - - -
Loans & Advances from other banks outside Nigeria - - - - - - - - - - - 33.5 100.8 137.3
CENTRAL GOVERNMENT DEPOSITS 3.4 6.0 10.2 12.7 40.4 73.8 28.3 52.6 79.8 117.2 119.1 134.1 254.5 292.7
Federal Government Time Deposits 0.7 2.0 3.8 6.0 2.3 18.0 5.2 11.0 17.9 37.0 24.0 22.5 40.0 35.2
Federal Government Demand Deposits 2.2 3.4 5.2 6.3 37.9 49.7 22.0 40.8 61.1 80.1 95.0 109.9 209.8 254.1
Federal Government Savings Deposits 0.6 0.5 1.2 0.3 0.2 6.1 1.1 0.8 0.8 0.2 0.1 1.7 4.7 3.4
CREDIT FROM CENTRAL BANK 13.1 15.2 15.2 8.6 5.9 4.9 40.7 22.2 44.3 62.1 42.7 63.0 49.7 132.2
Loans & Advances from CBN 0.0 - 2.3 2.3 2.6 2.1 14.5 9.9 9.1 49.5 31.4 10.1 29.9 36.7
CBN Overdrafts to banks 13.1 15.2 12.9 6.3 3.3 2.8 26.2 12.2 35.2 12.6 11.3 52.9 19.9 95.5
CAPITAL ACCOUNTS: 43.2 55.6 73.9 101.4 142.0 196.7 364.3 500.8 537.2 686.1 950.6 1,388.9 2,225.4 3,364.7
Capital 6.5 8.7 17.7 25.6 31.5 44.2 75.2 101.3 122.7 142.3 172.3 170.5 153.0 210.9
Reserve Fund 4.5 4.6 5.7 25.6 39.4 58.7 97.2 132.5 168.5 206.1 419.4 872.5 1,560.0 2,577.6
Reserves for Depreciation & non-performing assets 30.2 40.3 49.9 49.5 70.6 93.4 138.2 205.8 245.7 337.7 358.8 185.0 231.5 303.2
Loans & Advances from Federal and State Govt 2.0 2.0 0.6 0.6 0.5 0.3 0.0 - 0.2 - - - - -
Total loans /lease loss provision - - - - - - 53.6 61.1 - - - 160.9 280.9 272.9
UNCLASSIFIED LIABILITIES: 141.2 161.7 204.3 249.3 388.8 563.5 823.1 989.9 996.4 1,168.1 1,278.0 1,614.6 3,029.0 3,416.4
Inter-bank liabilities 20.2 33.2 45.9 59.6 98.4 146.4 142.5 163.3 174.7 247.0 348.8 404.3 938.4 1,353.8
Balances held for banks in Nigeria 0.9 0.9 1.7 1.9 4.3 3.6 5.2 5.6 4.3 14.8 13.1 9.5 44.4 41.6
Money at call from banks in Nigeria 0.6 0.8 2.1 2.6 0.9 7.3 10.2 19.7 15.7 4.3 3.7 19.9 56.0 102.2
Inter-bank takings 0.5 0.9 3.7 3.3 12.7 23.0 34.5 31.2 36.2 41.2 41.1 32.9 166.6 429.9
Uncleared effects 11.4 20.2 28.7 38.6 64.2 87.5 52.4 57.0 97.1 124.9 209.1 203.2 417.6 646.5
Loans & Advances from other banks in Nigeria 0.5 - 0.0 - - - - - - - 8.5 - - -
Bankers payments 6.2 10.5 9.7 13.1 16.2 25.0 40.1 49.8 21.3 61.9 73.2 138.8 253.8 133.8
Loans & Advances from Other creditors 1.4 0.6 1.6 0.4 1.7 4.0 8.6 8.7 12.5 10.3 14.5 18.5 46.2 67.7
Letters of Credit 24.7 8.3 11.0 11.2 10.6 17.3 35.3 36.8 91.2 129.1 124.8 167.5 258.1 193.0
Takings from Discount Houses 0.1 0.3 0.6 1.6 6.0 4.5 9.3 7.9 16.1 10.7 6.5 3.9 31.0 35.2
Other Liabilities: 94.8 119.2 145.2 176.6 272.2 391.2 627.3 773.2 701.9 771.0 783.3 1,020.4 1,755.3 1,766.7
Accounts Payables 14.3 16.1 26.7 26.5 49.3 53.4 69.7 77.4 248.1 270.0 267.4 242.5 818.6 632.4
Suspense Account 27.1 30.6 31.6 22.7 36.4 98.6 57.8 58.4 102.6 138.1 136.8 151.3 217.5 134.5
Provision for Tax Payments 2.0 2.6 3.4 4.2 5.8 7.0 45.0 49.6 51.2 68.9 71.3 37.0 36.4 80.8
Sundry Creditors - 0.0 1.6 0.5 0.1 - 93.1 92.3 81.2 97.1 173.0 183.5 136.0 5.5
Forex Awaiting Cover - - 0.1 0.0 - - - - - - - 0.3 (1.6) 7.2
Exchange Differential 0.9 0.8 2.3 4.6 6.5 - - - - - - 2.3 32.2 2.1
Provision for Bad Debt 6.7 4.9 5.0 2.2 2.6 1.7 45.0 47.5 41.3 62.0 64.2 14.0 28.8 32.4
FEM - - - - - - - - - - - 274.5 - 397.7
Miscellaneous 43.8 64.2 74.6 115.8 171.4 230.5 316.7 447.9 177.5 134.9 70.7 114.8 487.4 474.2
TOTAL LIABILITIES: 385.1 458.8 584.4 694.6 1,070.0 1,568.8 2,247.0 2,766.9 3,047.9 3,753.3 4,515.1 7,172.9 10,981.7 15,919.6
Tables A.3.2: Commercial Banks' Statement - Liabilities (N' Billion) Tables A.3.2: Commercial Banks' & NIB's Statement - Liabilities (N' Billion)
2016 2017
2009 2010 2011 2012 2013 LIABILITIES 2014 2015 March June September December March June September December
DEMAND DEPOSITS 3,386.5 3,830.3 4,920.9 5,070.0 5,160.8 DEMAND DEPOSITS: 5,248.9 5873.5 5975.8 5926.8 5841.1 6180.0 6131.0 6114.5 5980.5 6388.7
Private Sector Deposits 3,014.3 3,335.7 4,208.9 4,291.8 4,184.1 Private Sector Deposits 4,764.2 5220.9 5334.5 5383.7 5232.2 5563.4 5590.6 5559.7 5351.1 5766.8
State Government Deposits 321.9 443.9 604.2 594.0 856.6 State Government Deposits 381.6 577.8 571.6 491.9 538.8 567.5 478.0 491.8 575.3 570.8
Local Government Deposits 50.3 50.7 107.7 184.2 120.1 Local Government Deposits 103.1 74.7 69.7 51.1 70.1 49.2 62.3 62.9 54.1 51.1
0.0 0.0 0.0 0.0
TIME, SAVINGS AND FOREIGN CURRENCY DEPOSITS 5,763.5 5,954.3 6,531.9 8,062.1 8,606.6 TIME, SAVINGS & FOREIGN CURRENCY DEPOSITS: 11,936.9 11403.2 11256.6 12383.4 12010.4 12146.9 11894.7 11603.1 11690.7 12758.2
Time Deposits: 3,147.3 2,858.8 2,705.0 3,317.3 2,839.4 Time Deposits: 4,782.5 4570.2 4257.4 4234.2 3770.5 3901.4 3886.2 3742.9 3975.4 4467.7
Private Sector Deposits 3,074.2 2,753.4 1,299.7 3,277.2 2,797.1 [i] Private Sector Time Deposits 4,722.2 4494.1 4236.7 4209.7 3716.0 3866.8 3872.1 3691.3 3960.1 4445.9
State Government Deposits 69.8 101.4 1,402.3 38.4 35.7 [ii] State Government Time Deposits 33.8 72.4 18.1 22.6 51.1 27.4 13.0 51.4 14.8 21.3
Local Government Deposits 3.3 3.9 3.0 1.7 6.6 [iii] Local Government Time Deposits 26.5 3.7 2.6 1.8 3.4 7.2 1.1 0.3 0.4 0.5
Savings Deposits: 1,171.9 1,589.2 1,861.4 2,017.8 2,365.0 Savings Deposits: 2,698.3 3048.9 3325.2 3388.6 3456.2 3674.5 3819.3 3723.3 3716.3 3945.4
Private Sector Deposits 1,165.6 1,587.1 1,859.6 2,016.1 2,347.8 [i] Private Sector Savings Deposits 2,672.1 3044.3 3320.7 3385.5 3450.8 3670.9 3818.3 3722.4 3715.4 3944.4
State Government Deposits 5.1 2.0 1.7 1.7 14.2 [ii] State Government Savings Deposits 0.0 4.3 4.1 2.8 5.1 3.5 0.7 0.4 0.4 0.5
Local Government Deposits 1.3 0.1 0.1 0.1 3.1 [iii] Local Government Savings Deposits 26.2 0.3 0.3 0.3 0.3 0.2 0.3 0.4 0.5 0.4
Foreign Currency Deposits: 1,444.3 1,506.3 1,965.5 2,727.0 3,402.2 0.0 0.0 0.0 0.0
Domiciliary Accounts 1,444.3 1,506.3 1,965.5 2,727.0 3,402.2 Foreign Currency Deposits: 4,456.1 3784.2 3674.0 4760.5 4783.6 4571.0 4189.1 4136.9 3999.0 4345.1
- - - - - [i] Private Sector Foreign Currency Deposits 3,961.9 3393.7 3371.3 4376.0 4314.4 4160.6 3868.5 3820.9 3726.6 4075.1
MONEY MARKET INSTRUMENTS: 388.0 227.0 198.8 141.4 14.2 [ii] Federal Government Foreign Currency Deposits 470.1 366.1 282.2 352.0 429.0 373.1 292.7 252.0 209.4 207.1
Certificate of Deposit Issued 0.0 0.0 0.0 - - [iii] State Government Foreign Currency Deposits 24.0 24.2 20.4 32.3 40.0 37.2 27.9 63.9 62.9 62.9
Notes & Deposit (Cash) certificates 388.0 227.0 198.8 141.4 14.2 [iv] Local Government Foreign Currency Deposits 0.2 0.2 0.2 0.2 0.2 0.2 0.0 0.2 0.2 0.0
BONDS 343.5 391.8 146.4 160.5 304.4 MONEY MARKET INSTRUMENTS: 50.7 16.2 29.3 34.0 38.9 42.1 59.4 83.0 29.2 21.2
Debentures 343.5 391.8 146.4 160.5 304.4 Certificate of Deposit Issued 24.5 0.0 23.4 24.0 21.5 0.0 0.0 0.0 0.0 0.0
- - - - - Notes & Deposit (Cash) certificates Financial Derivatives 26.2 16.2 5.9 10.0 17.4 42.1 59.4 83.0 29.2 21.2
BONDS 762.1 677.8 689.9 901.3 946.2 971.4 1040.2 1225.0 1242.9 1302.6
FOREIGN LIABILITIES: 194.6 162.0 387.6 357.5 491.5 Debentures 762.1 677.8 689.9 901.3 946.2 971.4 1040.2 1225.0 1242.9 1302.6
Balance Held for offices and branches Abroad 12.9 0.0 0.0 0.0 0.1
Balance held for banks outside Nigeria 22.6 15.8 125.3 122.1 155.3 FOREIGN LIABILITIES: 1,340.8 1441.2 1452.4 2086.3 2299.1 1703.7 2012.6 2311.4 2334.9 2190.2
Money at call with foreign banks - - - - - Balance Held for outside offices and branches 42.5 0.2 0.1 0.1 24.3 27.6 72.8 64.8 43.1 13.2
Loans & Advances from other banks outside Nigeria 159.1 146.2 262.4 235.4 336.2 Balance held for banks outside Nigeria 419.5 425.0 464.5 663.4 439.2 315.7 552.3 705.8 813.0 681.6
Money at call with foreign banks - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CENTRAL GOVERNMENT DEPOSITS 451.8 825.6 678.7 1,113.0 2,931.6 Loans & Advances from other banks outside Nigeria 878.8 1016.1 987.8 1422.8 1835.6 1360.4 1387.5 1540.8 1478.7 1495.4
Federal Government Time Deposits 65.4 128.5 122.8 156.4 1,577.0
Federal Government Demand Deposits 381.4 687.8 547.7 952.2 1,349.4 CENTRAL GOVERNMENT DEPOSITS 764.6 53.8 59.2 72.8 67.3 67.8 173.9 75.7 71.2 60.3
Federal Government Savings Deposits 5.0 9.3 8.3 4.4 5.2 Federal Government Time Deposits 28.1 9.5 2.6 3.2 7.1 4.6 5.2 4.0 4.6 3.7
Federal Government Demand Deposits 736.5 44.2 56.5 69.5 60.1 63.2 168.4 71.6 66.5 56.5
CREDIT FROM CENTRAL BANK 409.2 418.7 295.0 228.0 229.8 Federal Government Savings Deposits - 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1
Loans & Advances from CBN 405.6 413.5 229.5 219.1 226.0
CBN Overdrafts to banks 3.5 5.2 65.5 8.9 3.8 CREDIT FROM CENTRAL BANK 257.0 732.2 776.5 1041.7 855.6 992.3 999.8 1025.9 927.1 1003.9
Loans & Advances from CBN 126.1 698.2 776.5 972.1 761.4 989.1 993.1 1018.9 920.9 997.1
CAPITAL ACCOUNTS: 4,930.6 2,217.8 3,682.1 3,637.7 3,869.7 CBN Overdrafts to banks 130.9 34.0 0.0 69.6 94.2 3.2 6.6 7.1 6.2 6.8
Capital 219.5 249.7 220.2 188.4 209.6
Reserve Fund 1,982.3 179.9 2,266.8 2,216.8 2,395.3 CAPITAL ACCOUNTS: 4,483.8 5006.3 5325.3 5385.1 5688.7 5595.2 6121.2 5901.6 6003.4 5863.2
Reserves for Depreciation & non-performing assets 751.3 857.3 927.4 997.8 989.8 Capital 283.4 236.4 236.4 236.4 251.2 257.1 263.3 263.3 260.2 275.1
Loans & Advances from Federal and State Government - 0.8 - - - Reserve Fund 2,745.0 3190.9 3454.8 3428.8 3415.8 3405.0 3768.5 2973.1 2991.2 3082.9
Total Loans/Lease Loss Provision 1,977.5 930.1 267.7 234.8 275.0 Reserves for Depreciation & non-performing assets 1,137.1 1063.7 932.2 899.6 923.2 936.1 955.4 1245.0 1264.9 1288.5
Loans & Advances from Federal and State Government 4.2 44.2 43.9 43.4 44.0 42.6 41.2 39.7 38.3 1.4
UNCLASSIFIED LIABILITIES: 1,655.2 3,304.1 2,555.3 2,517.9 2,692.6 Total Loans/Lease Loss Provision 314.1 471.2 658.0 776.7 1054.4 954.4 1092.8 1380.6 1448.8 1215.2
Inter-bank liabilities 1,289.8 1,194.5 612.4 499.6 434.8
[i] Balances held for banks in Nigeria 27.2 25.7 18.1 22.2 16.5 UNCLASSIFIED LIABILITIES: 2,681.7 2968.9 3006.3 3469.6 4044.8 3983.3 3998.0 4535.0 5030.3 5005.7
[ii] Money at call from banks in Nigeria 16.1 26.5 26.4 5.4 3.2 Inter-bank liabilities 440.0 363.8 410.8 579.8 624.5 589.2 711.2 884.3 920.4 778.9
[iii] Inter-bank takings 879.4 872.7 144.0 56.8 29.3 [i] Balances held for banks in Nigeria 4.2 4.3 0.3 2.2 0.3 32.6 97.6 147.7 191.8 180.0
[iv] Uncleared effects 281.4 189.0 246.2 194.1 202.2 [ii] Money at call from banks in Nigeria - 6.0 3.5 0.0 0.0 0.0 0.0 27.9 12.6 0.0
[v] Loans & Advances from other banks in Nigeria - 25.3 115.0 152.8 129.1 [iii] Inter-bank takings 221.0 111.9 163.2 332.5 320.1 279.2 346.7 362.4 398.4 221.1
[vi] Bankers payments 85.7 55.2 62.7 68.3 54.5 [iv] Uncleared effects 45.4 37.9 44.2 55.5 97.8 72.7 72.6 149.6 125.6 124.2
Loans & Advances from Other creditors 138.8 90.6 157.6 102.2 150.4 [v] Loans & Advances from other banks in Nigeria 129.1 164.6 156.4 149.0 168.2 166.8 156.1 157.6 157.0 217.6
Letters of Credit 130.2 191.2 182.9 167.0 187.4 [vi] Bankers payments 40.4 39.1 43.2 40.7 38.0 38.0 38.3 39.1 35.0 36.1
Takings from Discount Houses 78.0 0.9 - 2.5 - Loans & Advances from Other creditors 253.5 219.2 203.8 158.9 158.7 128.8 125.8 127.6 143.9 100.8
Other Liabilities: 18.4 1,827.0 1,602.4 1,746.5 1,919.9 Letters of Credit 212.6 212.7 253.9 329.8 363.5 367.7 358.4 442.3 422.1 457.8
Accounts Payables 397.8 465.3 718.2 680.9 787.5 Takings from Discount Houses - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Suspense Account 418.5 303.5 89.4 103.4 186.5 Other Liabilities: 1,775.5 2173.2 2137.7 2401.1 2898.1 2897.6 2802.5 3080.8 3543.9 3668.1
Provision for Tax Payments 10.5 (122.8) 23.2 24.9 22.4 Accounts Payables 795.6 1015.2 1171.2 1355.8 1911.5 1832.9 1919.6 1710.6 2118.5 2091.0
Sundry Creditors (132.1) (41.2) (55.2) (37.9) (23.1) Suspense Account 132.5 150.9 269.8 138.5 26.9 57.1 90.7 121.8 209.6 209.7
Forex rev reserves (1.7) (4.5) (2.6) 16.2 (0.0) Provision for Tax Payments 35.5 36.1 52.1 31.2 35.6 43.8 83.0 48.3 59.1 59.2
Deposit for shares 48.7 4.2 8.9 7.7 0.9 Sundry Creditors 9.9 5.4 4.8 36.0 1.5 0.9 6.6 12.6 4.5 19.6
Provision for Bad Debt 93.1 42.8 95.3 101.1 57.3 Forex rev reserves Current Year Unaudited Profit with OCI 537.0 615.0 191.0 303.8 285.2 349.3 148.1 355.6 501.8 593.2
domestic & foreign (miscellaneous) 226.6 179.4 199.5 202.7 252.5 Deposit for shares 9.8 0.0 0.0 0.3 0.3 0.4 1.1 1.1 7.0 6.3
Miscellaneous (1,043.1) 1,000.2 525.6 647.4 635.8 Provision for Bad Debt 31.2 28.2 49.1 33.7 37.2 42.3 46.0 32.2 26.0 40.0
domestic & foreign (miscellaneous) 144.1 198.3 251.6 319.1 443.2 379.8 534.4 587.4 421.2 432.2
TOTAL LIABILITIES: 17,522.9 17,331.6 19,396.6 21,288.1 24,301.2 Miscellaneous(others) 80.0 124.0 148.1 182.7 156.6 191.0 -26.9 211.2 196.2 216.8
TOTAL LIABILITIES: 27,526.4 28173.3 28571.3 31301.0 31792.0 31682.8 32430.7 32875.3 33310.2 34593.9

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Tables A.3.3: Commercial Banks' Survey (N' Billion)
20
2009 2010 2011 2012 2013 2014 2015 March
Net Foreign Assets 1,071.08 1,134.33 1,420.30 1,650.12 1,613.63 715.87 126.79 374.88
Foreign Assets 1,265.64 1,296.36 1,740.74 2,007.64 2,105.18 2,056.63 1,568.03 1,827.29
Foreign Liabilities 194.56 162.02 320.44 357.52 491.55 1,340.76 1,441.25 1,452.41
Net Domestic Assets 8,078.96 8,650.21 9,205.14 11,485.77 12,174.99 16,469.93 17,149.89 16,857.54
Reserves 521.80 531.40 1,158.29 1,849.83 3,213.89 4,466.62 4,460.14 4,737.46
Cash 254.31 295.84 321.36 330.56 329.75 360.58 401.84 369.72
Deposits with Central Bank 267.49 235.57 836.93 1,519.27 2,884.14 4,106.04 4,058.30 4,367.73
Central Bank Bills 54.40 209.90 500.44 1,631.58 529.43 476.08 623.99 550.10
Credit from Central Bank 409.16 418.71 240.43 228.04 229.76 257.02 732.24 776.47
Domestic Credit 11,042.79 10,750.49 11,616.48 11,564.27 12,150.40 16,417.95 18,066.32 18,083.68
Net Claims on Government 1,374.91 1,552.32 2,123.57 1,120.82 596.23 3,214.44 4,470.27 4,472.92
Total Claims 1,826.68 2,377.95 2,851.89 2,233.81 3,528.59 3,979.01 4,524.07 4,532.13
Treasury bills 585.45 925.32 1,258.64 641.05 2,393.56 2,481.76 2,480.35 2,504.42
Stocks and bonds 1,229.05 1,448.13 1,580.00 1,591.83 1,134.37 1,491.00 2,035.93 2,027.37
Others 12.19 4.50 13.25 0.92 0.66 6.26 7.79 0.35
Government deposits 451.77 825.63 728.33 1,112.99 2,932.35 764.58 53.81 59.22
Credit to private sector 9,667.88 9,198.17 9,492.91 10,443.45 11,554.16 13,203.52 13,596.05 13,610.77
Other Items (net) -3,130.87 -2,422.87 -3,829.64 -3,331.88 -3,488.97 -4,633.70 -5,268.31 -5,737.22
Total Private Sector Deposits 9,150.04 9,784.54 10,625.45 13,135.89 13,788.62 17,185.80 17,276.67 17,232.42
Demand deposits 3,386.53 3,830.28 4,251.15 5,072.99 5,168.55 5,248.87 5,873.45 5,975.80
Savings and Time deposits 4,319.18 4,447.97 4,416.20 5,335.92 5,217.52 7,480.80 7,619.05 7,582.60
Foreign currency deposits 1,444.33 1,506.29 1,958.10 2,726.98 3,402.56 4,456.13 3,784.16 3,674.02
Note: *Commercial Banks includes Non-Interest bank
2016 2017
June September December March June September December
256.78 -50.73 347.30 32.53 110.18 236.40 427.81
2,343.13 2,248.41 2,051.00 2,045.11 2,421.58 2,571.26 2,618.01
2,086.35 2,299.14 1,703.71 2,012.58 2,311.40 2,334.85 2,190.20
18,053.38 17,902.19 17,979.66 17,993.14 17,607.41 17,434.86 18,719.00

4,370.48 3,867.52 4,257.48 4,237.26 4,251.04 4,519.91 4,984.76
305.53 316.85 358.76 320.46 396.34 345.70 374.56
4,064.94 3,550.67 3,898.73 3,916.80 3,854.70 4,174.21 4,610.20
595.17 724.32 733.97 770.02 800.91 709.55 2,526.00
1,041.73 855.57 992.27 999.75 1,025.95 927.08 1,003.89
20,117.35 21,134.99 21,101.98 21,339.90 20,954.27 21,177.04 20,086.02

4,179.94 4,569.06 4,563.27 4,909.14 4,821.70 4,857.83 3,842.80
4,252.74 4,636.34 4,631.10 5,083.05 4,897.38 4,929.01 3,903.15
2,287.56 2,956.09 2,922.00 3,139.39 3,174.60 3,298.83 2,005.40
1,964.84 1,678.18 1,709.02 1,942.80 1,718.85 1,629.60 1,897.63
0.34 2.07 0.08 0.86 3.93 0.58 0.12
72.81 67.28 67.83 173.90 75.67 71.18 60.34
15,937.41 16,565.92 16,538.71 16,430.75 16,132.57 16,319.21 16,243.22
-5,987.90 -6,969.07 -7,121.51 -7,354.28 -7,372.87 -8,044.56 -7,873.90
18,310.16 17,851.46 18,326.96 18,025.67 17,717.59 17,671.27 19,146.81

5,926.79 5,841.11 6,180.04 6,131.00 6,114.45 5,980.53 6,388.65
7,622.88 7,226.73 7,575.90 7,705.52 7,466.19 7,691.70 8,413.02
4,760.49 4,783.63 4,571.02 4,189.14 4,136.94 3,999.04 4,345.13
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Table A.3.4: Merchant Banks' Statement - Assets (N' Billion)
2016 2017
ASSETS 2013 2014 2015 March June September December March June September December
RESERVES 38.56 8.10 13.48 22.63 9.17 5.09 5.70 8.46 12.05 10.61 18.19
Currency 0.00 0.00 0.00 0.00 0.00 0.01 0.00 2.16 0.05 0.02 0.00
Deposits with CBN: 38.56 8.10 13.48 22.63 9.17 5.08 5.69 6.31 11.99 10.59 18.19
[i] Reserve Requirements 0.67 1.55 1.86 2.55 2.88 3.40 3.27 2.55 4.71 5.95 7.79
[ii] Current Accounts 37.89 0.80 4.12 18.77 2.79 1.68 2.42 3.76 7.28 4.64 8.95
[iii] Other Deposit 0.00 5.75 7.50 1.31 3.50 0.00 0.00 0.00 0.00 0.00 1.45
CLAIMS ON CENTRAL BANK 14.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84.08
[i]Stabilization Securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[ii] CBN Bills 12.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84.08
[iii] Shortfall/excess credit/others 2.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FOREIGN ASSETS 1.29 7.61 25.56 32.58 36.84 32.31 25.56 16.57 25.51 18.15 26.51
Foreign Currency Holdings 0.00 0.00 0.00 0.00 -0.07 0.15 0.32 0.00 0.00 0.03 0.03
Claims on Non-resident Banks: 1.29 7.61 25.56 32.58 36.91 32.17 25.24 16.57 25.51 18.12 26.48
[i] Balances held with banks outside Nigeria 1.29 7.61 25.56 32.58 36.91 32.17 25.24 15.73 25.51 18.12 26.48
[ii] Balances held with offices and branches outside Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.84 0.00 0.00 0.00
[iii] Loans & Advances to Banks outside Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bills Discounted Payable outside Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON CENTRAL GOVERNMENT 36.61 74.96 74.75 159.17 177.27 221.20 203.15 202.97 195.98 243.43 151.68
Treasury Bills / Treasury Bills Rediscounted 17.44 54.49 66.88 112.24 125.61 160.98 143.79 163.05 159.82 200.45 65.96
Treasury Certificates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46.53
FGN Bonds 19.17 20.47 7.87 46.93 51.65 60.23 59.35 39.92 36.16 42.99 39.19
Loans & Advances to Central Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bankers Unit Fund 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON STATE & LOCAL GOVERNMENT 1.43 0.00 0.00 8.91 1.65 1.55 6.27 6.37 5.00 6.27 6.29
Loans & Advances to State Government 1.43 0.00 0.00 8.91 1.65 1.55 6.27 6.37 5.00 6.27 6.29
Loans & Advances to Local Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
State Bonds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local Govt. Bond 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON OTHER PRIVATE SECTOR 36.49 62.65 62.85 97.08 110.18 127.39 138.91 141.85 156.09 163.80 170.46
Loans & Advances to Other Customers (Gross) 21.04 42.05 47.04 81.88 89.39 104.57 119.47 120.33 133.27 144.28 148.82
Loans & Advances to Nigeria Banks Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bills Discounted from non-bank sources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments: 15.45 20.60 15.81 15.20 17.77 19.69 18.94 21.04 22.33 18.95 21.12
[i] Ordinary Shares 0.79 0.00 0.00 0.14 0.14 0.13 0.09 0.09 0.35 0.35 0.10
[ii] Preference Shares 0.00 0.00 0.00 0.05 0.05 0.08 0.08 0.08 0.35 0.35 0.35
[iii] Debentures 0.00 19.81 15.02 13.42 14.93 15.20 14.49 16.59 16.58 11.98 12.89
[iv] Other Bonds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.77 0.25 0.47
[v] Subsidiaries 0.00 0.79 0.79 1.59 2.65 4.28 4.28 4.28 4.28 6.01 7.31
[vi] Other investments (includes AMCON bonds) 14.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[vii] Other investments (Promissory notes and other financial assets) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Commercial papers 0.00 0.00 0.00 0.00 3.02 3.13 0.49 0.48 0.50 0.57 0.52
Bankers Acceptances 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Factored Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advances under Lease 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FINANCIAL DERIVATIVES 0.00 0.00 0.00 0.51 0.49 6.74 0.01 4.01 2.93 1.13 0.01
Derivatives 0.00 0.00 0.00 0.51 0.49 6.74 0.01 4.01 2.93 1.13 0.01
UNCLASSIFIED ASSETS 4.91 10.38 19.14 78.66 96.99 55.32 68.04 67.29 97.61 97.77 95.73
Fixed Assets 1.58 0.92 0.97 5.24 4.85 5.13 5.62 6.01 7.10 7.35 7.94
Non current Assets 0.00 0.00 0.00 0.03 0.03 0.03 0.03 0.00 0.00 0.00 0.00
Domestic Inter-Bank Claims: 0.23 0.65 10.77 45.46 56.98 19.80 28.66 17.36 55.17 57.58 54.76
[i] Bills Discounted from Banks in Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[ii] Money at call with Banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.60 2.50 0.50
[iii] Inter-bank Placements 0.00 0.50 10.52 44.42 56.00 18.25 27.37 16.57 48.86 49.79 51.39
[iv] Balances held with banks in Nigeria 0.23 0.15 0.25 1.04 0.99 1.55 1.29 0.79 1.71 5.29 2.87
[v] Loans & Advances to other Banks in Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[vi] Cheques for Collection 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Money at call outside banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Certificates of Deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Placement with Discount Houses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.98 0.00 0.00 0.00
Other Assets: 3.11 8.81 7.40 27.93 35.13 30.36 33.73 27.94 35.34 32.83 33.03
Receivables 1.13 1.13 1.41 2.75 1.66 1.00 1.56 1.33 5.16 5.07 4.39
Pre-payments -0.08 3.75 1.74 2.28 9.27 4.13 2.90 4.40 6.29 4.39 3.16
Bills Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Suspense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.90 0.00 0.00 0.00
Sundry Debtors 0.12 2.73 2.91 8.85 8.85 8.85 8.85 12.30 17.80 17.80 18.49
Goodwill and other intangible assets 1.46 0.59 0.67 13.32 14.58 15.66 19.02 0.00 3.78 3.90 4.98
unamortised reserves for loan looses allowed by CBN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign Inward Transfer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.02 0.00 0.00 0.00
domestic & foreign (miscellaneous) 0.00 0.62 0.67 0.73 0.77 0.72 1.39 0.00 2.31 1.67 2.02
Treasury Bills for Liquidity Management 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Miscellaneous(others) 0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL ASSETS: 133.58 163.69 195.77 399.53 432.58 449.61 447.63 447.52 495.15 541.17 552.95
Note: Merchant Banking was re-introduced in 2013

Effective March 2014, DMBs Numbers are in compliance with international Financial Reporting Standard (IFRS).
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Table A.3.5: Merchant Banks' Statement - Liabilities (N' Billion)
2016 2017
LIABILITIES 2013 2014 2015 March June September December March June September December
DEMAND DEPOSITS 0.52 1.47 12.40 17.30 25.92 17.72 21.65 21.34 24.77 23.17 31.01
Private Sector Deposits 0.52 1.47 12.40 17.30 25.92 17.72 21.65 21.65 24.77 23.17 31.01
State Government Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Local Government Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TIME, SAVINGS AND FOREIGN CURRENCY DEPOSITS 36.05 71.31 54.91 172.99 175.66 173.74 173.31 175.07 187.26 199.01 206.91
Time Deposits: 35.24 66.06 41.52 156.78 158.09 158.22 163.79 163.96 166.39 177.14 199.06
Savings Deposits: 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Foreign Currency Deposits: 0.81 5.25 13.39 16.20 17.57 15.52 9.52 11.11 20.87 21.87 7.84
[i] Private sector foreign currency deposit (Domiciliary Accounts) 0.81 5.25 13.39 16.20 17.57 15.52 9.52 11.11 20.87 21.87 7.84
[ii] Federal Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[iii] State Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[iv] Local Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MONEY MARKET INSTRUMENTS: 0.00 0.00 0.00 0.37 0.37 0.37 0.02 0.02 0.02 0.02 0.73
Certificate of Deposit Issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Notes & Deposit (Cash) certificates 0.00 0.00 0.00 0.37 0.37 0.37 0.02 0.02 0.02 0.02 0.73
BONDS 5.53 5.68 5.53 5.53 5.53 20.51 14.17 14.17 14.41 13.41 12.40
Debentures 5.53 5.68 5.53 5.53 5.53 20.51 14.17 14.17 14.41 13.41 12.40
FOREIGN LIABILITIES: 0.20 13.98 44.35 33.97 28.38 30.45 13.85 44.73 46.51 74.30 68.18
Balance Held for offices and branches Abroad 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Balance held for banks outside Nigeria 0.20 0.21 30.61 20.97 14.73 17.12 0.18 31.50 32.85 62.72 0.85
Money at call with foreign banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans & Advances from other banks outside Nigeria 0.00 13.77 13.73 13.00 13.65 13.33 13.67 13.22 13.65 11.58 67.32
CENTRAL GOVERNMENT DEPOSITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Federal Government Time Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Federal Government Demand Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Federal Government Savings Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CREDIT FROM CENTRAL BANK 32.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.40 30.87 0.00
Loans & Advances from CBN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CBN Overdrafts to banks 32.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.40 30.87 0.00
CAPITAL ACCOUNTS: 34.97 32.47 45.07 93.15 88.34 87.79 89.74 102.48 104.31 108.02 103.21
Capital 17.79 17.79 20.79 30.15 30.15 30.15 30.15 30.15 30.15 30.15 30.15
Reserve Fund 15.85 13.65 22.88 59.86 54.42 52.19 52.87 65.53 67.33 70.92 63.15
Reserves for Depreciation & non-performing assets 0.96 0.97 1.20 2.38 2.99 3.66 4.93 4.91 5.32 4.92 5.51
Loans & Advances from Federal and State Government 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Loans/Lease Loss Provision 0.37 0.06 0.19 0.76 0.79 1.79 1.80 1.90 1.51 2.03 4.40
UNCLASSIFIED LIABILITIES: 23.89 38.78 33.51 76.22 108.38 119.04 134.89 89.71 114.48 92.35 130.51
Inter-bank liabilities 8.17 25.32 8.20 33.87 57.45 68.51 67.41 39.62 46.79 26.46 37.66
[i] Balances held for banks in Nigeria 0.02 0.01 0.00 0.00 0.00 0.00 0.08 0.00 0.63 0.00 0.00
[ii] Money at call from banks in Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[iii] Inter-bank takings 5.28 25.31 8.19 33.80 57.42 68.47 65.65 39.62 46.15 26.44 37.64
[iv] Uncleared effects 2.87 0.00 0.00 0.07 0.02 0.04 1.68 0.01 0.00 0.02 0.01
[v] Loans & Advances from other banks in Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[vi] Bankers payments 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans & Advances from Other creditors 10.32 0.53 6.71 9.58 15.88 17.42 31.45 0.00 0.00 0.00 9.86
Letters of Credit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Takings from Discount Houses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.94
Other Liabilities: 5.40 12.93 18.60 32.77 35.05 33.11 36.03 50.09 67.69 65.90 80.05
Accounts Payables 2.01 6.02 15.14 21.42 17.95 12.64 11.47 41.44 46.39 46.42 54.93
Suspense Account 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 -6.33 0.32 0.30 0.30
Provision for Tax Payments 0.00 0.25 0.69 1.32 1.14 0.64 0.86 0.75 1.22 1.21 1.46
Sundry Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.19
Forex rev reserves 0.00 4.98 1.15 0.90 4.82 8.84 11.73 2.78 10.78 15.13 19.58
Deposit for shares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Provision for Bad Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
domestic & foreign (miscellaneous) 0.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Miscellaneous 2.54 1.67 1.62 9.14 11.14 10.99 11.98 11.46 8.99 2.84 3.97
TOTAL LIABILITIES: 133.58 163.69 195.77 399.53 432.58 449.61 447.63 447.52 495.15 541.17 552.95
Note: Merchant Banking was re-introduced in 2013
Effective March 2014, DMBs Numbers are in compliance with international Financial Reporting Standard (IFRS).
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Table A.3.6: Merchant Banks' Survey (N' Billion)
2016
2013 2014 2015 March
Net Foreign Assets 1.09 (8.83) (18.79) (1.39)
Foreign Assets 1.29 4.78 25.56 32.58
Foreign Liabilities 0.20 13.62 44.35 33.97
Net Domestic Assets 35.48 80.01 86.10 191.69

Reserves 38.56 6.47 13.48 22.63
Cash 0.00 0.00 0.00 0.00
Deposits with Central Bank 38.56 6.47 13.48 22.63
Central Bank Bills 12.24 0.00 0.00 0.00
Credit from Central Bank 32.41 0.00 0.00 0.00
Domestic Credit 74.53 118.66 137.59 265.16

Net Claims on Government 36.61 77.66 74.75 159.17
Total Claims 36.61 77.66 74.75 159.17
Treasury bills 17.44 51.72 66.88 112.24
Stocks and bonds 19.17 25.95 7.87 46.93
Others 0.00 0.00 0.00 0.00
Government deposits 0.00 0.00 0.00 0.00
Credit to private sector 37.92 41.00 62.85 105.98
Other Items (net) (57.43) (45.13) (64.97) (96.09)
Total Private Sector Deposits 36.57 71.17 67.31 190.30

Demand deposits 0.52 22.40 12.40 17.30
Savings and Time deposits 35.24 45.10 41.52 156.80
Foreign currency deposits 0.81 3.67 13.39 16.20
2016 2017
June September December March June September December
8.46 1.87 11.71 (28.16) (21.00) (56.15) (41.67)
36.84 32.31 25.56 16.57 25.51 18.15 26.51
28.38 30.45 13.85 44.73 46.51 74.30 68.18
193.13 189.59 183.25 224.56 233.03 278.33 279.58

9.17 5.09 5.70 8.46 12.05 10.61 18.19
0.00 0.01 0.00 2.16 0.05 0.02 0.00
9.17 5.08 5.69 6.31 11.99 10.59 18.19
0.00 0.00 0.00 0.00 0.00 0.00 84.08
0.00 0.00 0.00 0.00 3.40 30.87 0.00
289.09 350.15 348.33 351.19 357.07 413.51 328.43

177.27 221.20 203.15 202.97 195.98 243.43 151.68
177.27 221.20 203.15 202.97 195.98 243.43 151.68
125.61 160.98 143.79 163.05 159.82 200.45 65.96
51.65 60.23 59.35 39.92 36.16 42.99 39.19
0.00 0.00 0.00 0.00 0.00 0.00 46.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00
111.83 128.94 145.18 148.22 161.09 170.07 176.74
(105.14) (165.64) (170.77) (135.09) (132.68) (114.91) (151.12)
201.58 191.46 194.96 196.41 212.03 222.18 237.92

25.92 17.72 21.65 21.34 24.77 23.17 31.01
158.09 158.22 163.79 163.96 166.39 177.14 199.06
17.57 15.52 9.52 11.11 20.87 21.87 7.84
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Table A.3.7: Deposit Money Banks' Statement - Assets (N' Billion)
2016 2017
ASSETS 2009 2010 2011 2012 2013 2014 2015 March June September December March June September December
RESERVES 521.80 531.40 1,222.47 1,849.83 3,252.45 4,474.72 4,473.62 4,760.08 4,379.65 3,872.61 4,263.18 4,245.72 4,263.08 4,530.52 5,002.96
Currency 254.31 295.84 320.91 330.56 329.75 360.58 401.84 369.73 305.54 316.85 358.76 322.62 396.40 345.72 374.57
Deposits with CBN: 267.49 235.57 901.56 1,519.27 2,922.69 4,114.14 4,071.77 4,390.36 4,074.12 3,555.75 3,904.42 3,923.10 3,866.69 4,184.80 4,628.39
[i] Reserve Requirements 87.03 95.65 770.05 1,340.05 2,274.32 3,580.09 3,087.85 3,524.23 3,538.79 3,320.09 3,443.26 3,431.76 3,446.65 3,630.01 3,951.89
[ii] Current Accounts 180.47 139.92 131.51 179.23 648.37 497.14 940.03 684.04 418.37 113.40 315.43 373.95 301.61 382.91 494.23
[iii] Other Deposit 0.00 0.00 0.00 0.00 0.00 36.91 43.89 182.08 116.95 122.27 145.73 117.39 118.42 171.88 182.27
CLAIMS ON CENTRAL BANK 188.47 262.32 598.46 1,693.55 927.01 476.08 623.99 550.10 595.17 724.32 733.97 770.02 800.91 709.55 2,610.08
[i]Stabilization Securities 42.00 1.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[ii] CBN Bills 54.40 209.90 533.98 1,631.58 541.67 476.08 623.99 550.10 595.17 724.32 733.97 770.02 800.91 709.55 2,610.08
[iii] Shortfall/excess credit/others 92.07 51.19 64.49 61.97 385.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FOREIGN ASSETS 1,265.64 1,296.36 1,702.51 2,007.64 2,106.47 2,064.23 1,593.59 1,859.86 2,379.97 2,280.72 2,076.56 2,061.68 2,447.08 2,589.41 2,644.52
Foreign Currency Holdings 0.00 0.00 0.00 0.00 0.00 109.20 79.04 88.39 112.78 129.99 177.99 166.78 252.22 342.34 179.91
Claims on Non-resident Banks: 1,265.63 1,296.35 1,702.51 2,007.64 2,106.47 1,955.03 1,514.55 1,771.48 2,267.18 2,150.74 1,898.57 1,894.90 2,194.87 2,247.07 2,464.61
[i] Balances held with banks outside Nigeria 1,208.80 1,210.52 1,606.49 1,887.35 2,104.54 1,901.68 1,518.60 1,755.71 2,261.71 2,043.81 1,790.82 1,768.71 2,083.88 2,119.73 2,330.98
[ii] Balances held with offices and branches outside Nigeria 56.83 85.82 96.02 120.29 1.93 33.30 -6.30 13.43 2.23 103.31 104.39 122.77 107.34 123.57 133.26
[iii] Loans & Advances to Banks outside Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.43 3.64 3.77 0.36
Bills Discounted Payable outside Nigeria 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON CENTRAL GOVERNMENT 1,826.68 2,377.95 3,162.43 2,233.81 3,565.20 4,053.97 4,598.82 4,691.30 4,430.01 4,857.54 4,834.24 5,286.02 5,093.36 5,172.44 4,054.83
Treasury Bills / Treasury Bills Rediscounted 585.45 925.32 1,458.25 641.05 2,410.99 2,536.25 2,547.22 2,616.65 2,413.18 3,117.06 3,065.79 3,302.43 3,334.42 3,499.28 2,071.36
Treasury Certificates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46.53
FGN Bonds 1,229.05 1,448.13 1,697.67 1,591.83 1,153.54 1,511.46 2,043.80 2,074.30 2,016.49 1,738.41 1,768.38 1,982.72 1,755.00 1,672.59 1,936.82
Loans & Advances to Central Government 12.19 4.50 6.51 0.92 0.66 6.26 7.79 0.35 0.34 2.07 0.08 0.86 3.93 0.58 0.12
Bankers Unit Fund 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON STATE & LOCAL GOVERNMENT 310.32 369.81 513.22 665.88 779.13 538.77 585.06 669.15 701.63 687.20 689.16 710.12 684.40 719.00 904.40
Loans & Advances to State Government 292.01 354.52 497.83 655.02 760.15 530.32 580.57 663.13 687.99 681.31 683.32 704.35 678.64 705.25 896.69
Loans & Advances to Local Government 18.31 15.29 15.39 10.86 18.97 6.05 3.25 4.82 12.48 4.78 4.78 4.75 4.79 4.85 1.64
State Bonds 0.00 0.00 0.00 0.00 0.00 2.40 1.24 1.20 1.15 1.11 1.06 1.01 0.96 8.91 6.07
Local Govt. Bond 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLAIMS ON OTHER PRIVATE SECTOR 9,357.55 8,828.36 9,101.23 9,777.57 10,812.95 12,727.39 13,073.83 13,047.60 15,347.61 16,007.67 15,994.73 15,868.85 15,609.26 15,770.28 15,515.56
Loans & Advances to Other Customers (Gross) 7,385.76 6,359.62 6,098.51 7,036.55 8,761.19 11,633.02 11,656.36 11,521.37 13,705.90 14,233.46 14,283.01 14,148.00 13,908.40 14,056.14 13,851.83
Loans & Advances to Nigeria Banks Subsidiaries 330.69 195.90 24.50 1.97 2.05 2.74 0.02 0.02 0.01 0.02 0.02 0.02 0.02 0.01 0.00
Bills Discounted from non-bank sources 49.99 0.14 3.08 3.40 1.91 1.69 1.70 0.77 1.16 4.48 7.52 2.75 3.07 3.03 3.72
Investments: 890.33 1,869.13 2,574.66 2,551.18 1,852.35 909.59 1,239.01 1,377.21 1,465.40 1,587.01 1,553.39 1,560.92 1,554.83 1,584.54 1,534.71
[i] Ordinary Shares 611.97 485.99 355.81 287.09 274.83 60.34 18.62 17.86 17.94 16.01 15.92 15.80 16.43 16.46 16.17
[ii] Preference Shares 0.00 0.00 0.00 0.00 0.00 240.34 304.02 311.66 341.08 398.70 374.58 385.37 389.43 402.32 413.49
[iii] Debentures 27.59 56.56 74.77 46.70 55.77 163.41 169.53 167.82 173.12 165.67 149.73 142.18 124.89 75.40 71.28
[iv] Other Bonds 0.00 0.00 0.00 0.00 0.00 33.22 34.85 33.29 33.92 40.57 39.91 33.47 34.82 33.40 32.16
[v] Subsidiaries 155.97 156.29 226.04 207.77 239.21 313.83 311.59 321.79 321.54 334.20 335.82 335.82 331.86 388.60 390.15
[vi] Other investments (includes AMCON bonds) 94.81 1,170.29 1,918.04 2,009.61 1,282.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[vii] Other investments (Promissory notes and other financial assets) 0.00 0.00 0.00 0.00 0.00 98.45 400.41 524.80 577.81 631.87 637.44 648.28 657.41 668.36 611.46
Commercial papers 509.08 189.22 203.01 1.05 9.32 9.82 6.29 0.48 3.55 3.13 0.49 0.48 0.50 0.57 0.52
Bankers Acceptances 62.24 79.17 73.41 9.86 20.47 8.76 28.42 12.31 29.76 45.60 27.80 43.17 41.04 26.81 26.43
Factored Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advances under Lease 129.46 135.18 124.06 173.55 165.66 161.78 142.03 135.45 141.83 133.97 122.50 113.52 101.41 99.18 98.35
FINANCIAL DERIVATIVES 0.00 0.00 0.00 0.00 0.00 19.14 25.14 21.46 50.27 226.65 194.84 236.00 237.47 161.39 146.55
Derivatives 0.00 0.00 0.00 0.00 0.00 19.14 25.14 21.46 50.27 226.65 194.84 236.00 237.47 161.39 146.55
UNCLASSIFIED ASSETS 4,052.39 3,665.36 3,096.31 3,075.68 3,025.16 3,335.80 3,394.98 3,371.26 3,849.26 3,584.94 3,343.76 3,699.82 4,234.93 4,198.73 4,267.93
Fixed Assets 1,034.91 1,110.43 1,169.78 1,241.25 1,266.60 1,347.64 1,445.50 1,465.33 1,489.54 1,509.43 1,531.60 1,568.07 1,604.77 1,626.37 1,684.36
Non current Assets 0.00 0.00 0.00 0.00 0.00 44.42 5.95 5.93 2.45 3.68 3.84 3.90 6.30 6.51 16.03
Domestic Inter-Bank Claims: 1,322.51 1,097.14 543.84 412.40 534.34 530.63 470.77 416.55 534.58 359.55 376.50 438.00 576.40 476.84 525.65
[i] Bills Discounted from Banks in Nigeria 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
[ii] Money at call with Banks 244.86 140.13 116.42 72.27 208.44 39.21 43.81 65.35 104.07 93.96 72.86 61.28 84.52 50.12 46.82
[iii] Inter-bank Placements 843.94 763.92 208.87 124.48 164.41 391.81 314.76 303.23 359.10 190.99 259.53 224.55 293.42 204.33 229.89
[iv] Balances held with banks in Nigeria 160.64 117.53 121.00 72.73 86.47 33.68 99.91 38.24 60.67 27.06 30.98 137.58 189.68 217.70 244.96
[v] Loans & Advances to other Banks in Nigeria 0.00 0.00 0.00 0.00 0.00 12.27 10.93 8.67 8.99 45.88 11.87 8.69 6.87 3.75 2.79
[vi] Cheques for Collection 73.07 75.57 97.55 142.91 75.03 53.65 1.35 1.07 1.74 1.67 1.26 5.90 1.91 0.94 1.19
Money at call outside banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Certificates of Deposit 50.50 0.00 0.00 34.00 20.50 50.95 75.70 48.70 55.02 0.00 0.00 0.00 0.00 0.00 59.50
Placement with Discount Houses 242.88 256.86 246.23 229.47 57.42 37.93 9.75 4.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets: 1,401.59 1,200.94 1,136.45 1,158.56 1,146.30 1,324.23 1,387.31 1,430.70 1,767.68 1,712.29 1,431.83 1,689.85 2,047.45 2,089.01 1,982.39
Receivables 545.72 700.65 620.90 611.43 586.45 691.73 759.33 699.85 947.37 955.82 709.60 819.81 1,033.26 1,193.07 1,213.09
Pre-payments 283.57 238.64 215.74 201.90 174.36 148.87 139.63 176.92 268.18 248.59 163.32 245.63 333.06 248.50 168.38
Bills Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Suspense 62.79 30.12 46.75 73.27 142.71 92.47 78.97 132.02 115.51 104.39 109.34 115.71 128.84 175.22 90.62
Sundry Debtors 42.10 23.23 29.57 49.02 19.15 221.86 240.69 250.77 252.32 246.20 251.40 242.11 232.87 235.23 235.97
Goodwill and other intangible assets 17.09 17.09 133.59 122.06 138.58 89.79 114.88 127.91 117.18 121.93 136.19 132.42 152.03 156.86 162.62
unamortised reserves for loan looses allowed by CBN 188.44 0.00 4.12 3.88 0.00 2.24 2.23 1.67 1.65 1.66 1.65 1.64 1.64 1.64 1.50
Foreign Inward Transfer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
domestic & foreign (miscellaneous) 0.00 0.00 0.00 0.00 0.00 67.42 43.61 41.57 65.46 33.70 60.37 132.52 165.76 78.49 110.21
Treasury Bills for Liquidity Management 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Miscellaneous(others) 261.89 191.21 85.78 97.00 85.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
TOTAL ASSETS: 17,522.86 17,331.56 19,396.63 21,303.95 24,468.37 27,690.11 28,369.03 28,970.82 31,733.58 32,241.65 32,130.45 32,878.24 33,370.50 33,851.32 35,146.84
of which AMCON Bonds - 853.97 1,726.38 1,796.99 1,025.47 - - - - - - - - - -
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Table A.3.8: Deposit Money Banks' Statement - Liabilities (N' Billion)
2016 2017
LIABILITIES 2009 2010 2011 2012 2013 2014 2015 March June September December March June September December
DEMAND DEPOSITS 3,386.53 3,830.28 4,920.85 5,072.99 5,169.06 5,250.35 5,885.86 5,993.10 5,952.71 5,858.83 6,201.69 6,152.34 6,139.22 6,003.71 6,419.66
Private Sector Deposits 3,014.32 3,335.70 4,208.87 4,294.83 4,192.24 4,765.64 5,233.33 5,351.79 5,409.67 5,249.90 5,585.06 5,611.98 5,584.48 5,374.29 5,797.76
State Government Deposits 321.94 443.85 604.25 593.98 856.68 381.64 577.80 571.64 491.91 538.83 567.45 478.02 491.84 575.34 570.84
Local Government Deposits 50.26 50.73 107.73 184.18 120.14 103.06 74.72 69.68 51.13 70.10 49.18 62.34 62.91 54.08 51.06
TIME, SAVINGS AND FOREIGN CURRENCY DEPOSITS 5,763.51 5,954.26 6,531.91 8,062.90 8,656.12 12,008.24 11,458.13 11,429.62 12,559.03 12,184.09 12,320.23 12,067.54 11,788.86 11,887.75 12,963.93
Time Deposits: 3,147.27 2,858.79 2,704.98 3,317.28 2,874.59 4,848.55 4,611.69 4,414.22 4,392.32 3,928.73 4,065.14 4,050.20 3,909.30 4,152.51 4,666.73
State Government Deposits 69.75 101.43 1,402.34 38.36 35.69 33.82 72.35 18.14 22.65 51.10 27.40 13.04 51.36 14.84 21.34
Savings Deposits: 1,171.92 1,589.18 1,861.41 2,018.64 2,378.17 2,698.31 3,048.88 3,325.18 3,388.65 3,456.21 3,674.54 3,819.29 3,723.28 3,716.33 3,945.35
State Government Deposits 5.06 1.96 1.73 1.70 14.17 0.03 4.33 4.12 2.84 5.06 3.45 0.70 0.45 0.37 0.54
Foreign Currency Deposits: 1,444.33 1,506.29 1,965.52 2,726.98 3,403.37 4,461.38 3,797.56 3,690.22 4,778.06 4,799.15 4,580.54 4,200.25 4,157.81 4,020.91 4,352.98
[i] Private sector foreign currency deposit (Domiciliary Accounts) 1,444.33 1,506.29 1,965.52 2,726.98 3,403.37 3,967.12 3,407.08 3,387.49 4,393.53 4,329.93 4,170.13 3,879.58 3,841.74 3,748.44 4,082.93
[ii] Federal Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 470.12 366.10 282.20 352.04 429.02 373.05 292.73 252.01 209.44 207.14
[iii] State Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 23.95 24.23 20.37 32.27 39.96 37.16 27.92 63.90 62.86 62.87
[iv] Local Government foreign currency deposit 0.00 0.00 0.00 0.00 0.00 0.18 0.15 0.16 0.22 0.24 0.20 0.02 0.17 0.18 0.04
MONEY MARKET INSTRUMENTS: 388.03 226.97 198.79 141.39 14.16 50.71 16.24 29.67 34.34 39.24 42.09 59.40 83.07 29.21 21.92
Certificate of Deposit Issued 0.00 0.00 0.00 0.00 0.00 24.46 0.00 23.43 23.95 21.48 0.00 0.00 0.00 0.00 0.00
Notes & Deposit (Cash) certificates 388.03 226.97 198.79 141.39 14.16 26.24 16.24 6.23 10.39 17.76 42.09 59.40 83.07 29.21 21.92
BONDS 343.47 391.80 146.37 160.55 309.98 767.78 683.33 695.40 906.87 966.74 985.57 1,054.40 1,239.44 1,256.35 1,314.99
Debentures 343.47 391.80 146.37 160.55 309.98 767.78 683.33 695.40 906.87 966.74 985.57 1,054.40 1,239.44 1,256.35 1,314.99
FOREIGN LIABILITIES: 194.56 162.02 387.63 357.52 491.75 1,354.74 1,485.59 1,486.37 2,114.73 2,329.59 1,717.55 2,057.31 2,357.91 2,409.15 2,258.37
Balance Held for offices and branches Abroad 12.88 0.01 0.01 0.01 0.10 42.52 0.22 0.12 0.11 24.31 27.60 72.84 64.84 43.14 13.16
Balance held for banks outside Nigeria 22.56 15.78 125.27 122.08 155.49 419.66 455.58 485.44 678.16 456.32 315.88 583.77 738.64 875.70 682.47
Money at call with foreign banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans & Advances from other banks outside Nigeria 159.13 146.24 262.35 235.43 336.17 892.55 1,029.79 1,000.81 1,436.46 1,848.96 1,374.07 1,400.70 1,554.42 1,490.31 1,562.74
CENTRAL GOVERNMENT DEPOSITS 451.77 825.63 678.71 1,112.99 2,932.36 764.58 53.81 59.22 72.81 67.28 67.83 173.90 75.67 71.18 60.34
Federal Government Time Deposits 65.37 128.51 122.76 156.39 1,577.00 28.11 9.49 2.61 3.22 7.11 4.56 5.23 4.02 4.59 3.71
Federal Government Demand Deposits 381.39 687.78 547.68 952.25 1,350.12 736.47 44.24 56.53 69.51 60.07 63.20 168.44 71.56 66.51 56.55
Federal Government Savings Deposits 5.02 9.34 8.27 4.35 5.24 0.00 0.08 0.08 0.07 0.10 0.08 0.24 0.10 0.08 0.09
CREDIT FROM CENTRAL BANK 409.16 418.71 294.98 228.04 262.17 257.02 732.24 776.47 1,041.73 855.57 992.27 999.75 1,029.35 957.95 1,003.89
Loans & Advances from CBN 405.62 413.48 229.49 219.09 226.00 126.14 698.23 776.46 972.14 761.40 989.10 993.14 1,018.89 920.86 997.11
CBN Overdrafts to banks 3.54 5.24 65.50 8.95 36.17 130.88 34.01 0.00 69.58 94.17 3.17 6.61 10.46 37.09 6.78
CAPITAL ACCOUNTS: 4,930.61 2,217.80 3,682.12 3,640.68 3,915.41 4,516.26 5,051.42 5,418.49 5,473.41 5,776.44 5,684.98 6,223.68 6,005.92 6,111.41 5,966.43
Capital 219.51 249.71 220.21 192.40 239.16 301.18 257.22 266.57 266.56 281.31 287.27 293.41 293.41 290.31 305.26
Reserve Fund 1,982.33 179.89 2,266.76 2,215.74 2,410.00 2,758.64 3,213.74 3,514.67 3,483.22 3,468.03 3,457.87 3,834.07 3,040.40 3,062.14 3,146.04
Reserves for Depreciation & non-performing assets 751.27 857.27 927.41 997.76 990.76 1,138.06 1,064.86 934.63 902.64 926.89 941.01 960.31 1,250.33 1,269.86 1,294.05
Loans & Advances from Federal and State Government 0.00 0.79 0.00 0.00 0.00 4.18 44.21 43.86 43.44 44.01 42.60 41.21 39.69 38.31 1.45
Total Loans/Lease Loss Provision 1,977.50 930.14 267.74 234.78 275.48 314.19 471.39 658.77 777.54 1,056.22 956.24 1,094.68 1,382.10 1,450.80 1,219.63
UNCLASSIFIED LIABILITIES: 1,655.21 3,304.07 2,555.26 2,526.90 2,717.36 2,720.44 3,002.42 3,082.47 3,577.96 4,163.87 4,118.23 4,087.71 4,649.52 5,122.61 5,136.18
Inter-bank liabilities 1,289.83 1,194.45 612.39 499.60 443.01 465.35 372.00 444.68 637.28 692.97 656.61 750.86 931.07 946.84 816.59
[i] Balances held for banks in Nigeria 27.21 25.71 18.13 22.16 16.56 4.19 4.29 0.34 2.20 0.29 32.69 97.56 148.38 191.76 179.99
[ii] Money at call from banks in Nigeria 16.06 26.50 26.44 5.40 3.20 0.00 6.00 3.50 0.00 0.00 0.00 0.00 27.88 12.62 0.00
[iii] Inter-bank takings 879.45 872.74 143.97 56.80 34.57 246.28 120.12 197.03 389.94 388.59 344.80 386.32 408.58 424.84 258.75
[iv] Uncleared effects 281.45 189.00 246.15 194.13 205.07 45.40 37.93 44.26 55.48 97.86 74.36 72.57 149.57 125.64 124.18
[v] Loans & Advances from other banks in Nigeria 0.00 25.33 114.96 152.85 129.07 129.10 164.57 156.35 148.99 168.20 166.79 156.12 157.59 157.01 217.56
[vi] Bankers payments 85.67 55.18 62.75 68.25 54.54 40.38 39.09 43.20 40.67 38.03 37.98 38.29 39.07 34.97 36.11
Loans & Advances from Other creditors 138.84 90.58 157.64 102.21 160.74 254.07 225.94 213.37 174.76 176.15 160.25 125.81 127.65 143.86 110.64
Letters of Credit 130.16 191.19 182.88 167.05 187.38 212.59 212.70 253.93 329.79 363.54 367.75 358.44 442.32 422.08 457.84
Takings from Discount Houses 78.00 0.85 0.00 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.94
Other Liabilities: 18.38 1,826.99 1,602.36 1,755.55 1,926.22 1,788.44 2,191.78 2,170.49 2,436.13 2,931.22 2,933.62 2,852.60 3,148.48 3,609.82 3,748.16
Accounts Payables 397.82 465.32 718.21 681.33 790.40 801.58 1,030.32 1,192.64 1,373.74 1,924.16 1,844.33 1,960.99 1,756.94 2,164.87 2,145.96
Suspense Account 418.46 303.46 89.42 103.58 186.56 132.48 150.90 269.77 138.53 26.90 57.06 84.41 122.08 209.93 210.00
Provision for Tax Payments 10.52 -122.76 23.16 24.91 22.46 35.76 36.82 53.39 32.32 36.22 44.68 83.72 49.50 60.33 60.68
Sundry Creditors -132.06 -41.17 -55.22 -37.79 -23.14 9.91 5.41 4.77 35.97 1.50 0.90 6.61 12.59 4.51 19.42
Forex rev reserves -1.70 -4.53 -2.58 16.22 0.00 541.96 616.19 191.89 308.64 294.08 361.07 150.88 366.40 516.95 612.76
Deposit for shares 48.70 4.25 8.90 16.03 0.92 9.77 0.02 0.02 0.34 0.34 0.40 1.06 1.12 6.97 6.28
Provision for Bad Debt 93.09 42.77 95.32 101.12 57.28 31.19 28.21 49.14 33.70 37.20 42.35 45.98 32.24 26.03 40.02
domestic & foreign (miscellaneous) 226.61 179.44 199.53 202.74 253.39 144.08 198.29 251.59 319.08 443.21 379.84 534.42 587.43 421.21 432.23
Miscellaneous -1,043.05 1,000.21 525.60 647.40 638.35 81.70 125.62 157.27 193.81 167.60 202.99 -15.47 220.18 199.02 220.80
0.00 0.00 0.00 0.00
TOTAL LIABILITIES: 17,522.86 17,331.56 19,396.63 21,303.95 24,468.37 27,690.11 28,369.03 28,970.82 31,733.58 32,241.65 32,130.45 32,878.24 33,370.50 33,851.32 35,146.84
Provisional
3
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Tables A.3.9: Deposit Money Banks' Survey (N' Billion)
2009 2010 2011 2012 2013 2014 2015

Net Foreign Assets 1,071.08 1,134.33 1,314.88 1,650.12 1,614.72 709.50 108.00
Foreign Assets 1,265.64 1,296.36 1,702.51 2,007.64 2,106.47 2,064.23 1,593.59
Foreign Liabilities 194.56 162.02 387.63 357.52 491.75 1,354.74 1,485.59
Net Domestic Assets 8,078.96 8,650.21 10,137.88 11,485.77 12,210.47 16,549.09 17,235.99
Reserves 521.80 531.40 1,222.47 1,849.83 3,252.45 4,474.72 4,473.62
Cash 254.31 295.84 320.91 330.56 329.75 360.58 401.84
Deposits with Central Bank 267.49 235.57 901.56 1,519.27 2,922.69 4,114.14 4,071.77
Central Bank Bills 54.40 209.90 533.98 1,631.58 541.67 476.08 623.99
Credit from Central Bank 409.16 418.71 294.98 228.04 262.17 257.02 732.24
Domestic Credit 11,042.79 10,750.49 12,098.17 11,564.27 12,224.92 16,555.55 18,203.91

Net Claims on Government 1,374.91 1,552.32 2,483.72 1,120.82 632.84 3,289.39 4,545.01
Total Claims 1,826.68 2,377.95 3,162.43 2,233.81 3,565.20 4,053.97 4,598.82
Treasury bills 585.45 925.32 1,458.25 641.05 2,410.99 2,536.25 2,547.22
Stocks and bonds 1,229.05 1,448.13 1,697.67 1,591.83 1,153.54 1,511.46 2,043.80
Others 12.19 4.50 6.51 0.92 0.66 6.26 7.79
Government deposits 451.77 825.63 678.71 1,112.99 2,932.36 764.58 53.81
Credit to private sector 9,667.88 9,198.17 9,614.45 10,443.45 11,592.08 13,266.16 13,658.89
Other Items (net) -3,130.87 -2,422.87 -3,421.75 -3,331.88 -3,546.40 -4,700.25 -5,333.28
Total Private Sector Deposits 9,150.04 9,784.54 11,452.76 13,135.89 13,825.19 17,258.58 17,343.99
Demand deposits 3,386.53 3,830.28 4,920.85 5,072.99 5,169.06 5,250.35 5,885.86
Savings and Time deposits 4,319.18 4,447.97 4,566.39 5,335.92 5,252.76 7,546.86 7,660.57
Foreign currency deposits 1,444.33 1,506.29 1,965.52 2,726.98 3,403.37 4,461.38 3,797.56
Note: *Deposit Money Banks consist of Commercial Banks, Non-Interest Bank and Merchant Banks
2016 2017
373.49 265.24 -48.86 359.01 4.37 89.18 180.26 386.14
1,859.86 2,379.97 2,280.72 2,076.56 2,061.68 2,447.08 2,589.41 2,644.52
1,486.37 2,114.73 2,329.59 1,717.55 2,057.31 2,357.91 2,409.15 2,258.37
0.00 0.00 0.00 0.00
17,049.23 18,246.51 18,091.78 18,162.91 18,217.71 17,840.44 17,713.20 18,998.58
4,760.08 4,379.65 3,872.61 4,263.18 4,245.72 4,263.08 4,530.52 5,002.96
369.73 305.54 316.85 358.76 322.62 396.40 345.72 374.57
4,390.36 4,074.12 3,555.75 3,904.42 3,923.10 3,866.69 4,184.80 4,628.39
0.00 0.00 0.00 0.00
550.10 595.17 724.32 733.97 770.02 800.91 709.55 2,610.08
0.00 0.00 0.00 0.00
776.47 1,041.73 855.57 992.27 999.75 1,029.35 957.95 1,003.89
0.00 0.00 0.00 0.00
18,348.84 20,406.45 21,485.13 21,450.31 21,691.09 21,311.34 21,590.55 20,414.45
4,632.09 4,357.21 4,790.27 4,766.41 5,112.12 5,017.68 5,101.27 3,994.49
4,691.30 4,430.01 4,857.54 4,834.24 5,286.02 5,093.36 5,172.44 4,054.83
2,616.65 2,413.18 3,117.06 3,065.79 3,302.43 3,334.42 3,499.28 2,071.36
2,074.30 2,016.49 1,738.41 1,768.38 1,982.72 1,755.00 1,672.59 1,936.82
0.35 0.34 2.07 0.08 0.86 3.93 0.58 46.65
59.22 72.81 67.28 67.83 173.90 75.67 71.18 60.34
13,716.75 16,049.24 16,694.86 16,683.89 16,578.97 16,293.66 16,489.28 16,419.96
0.00 0.00 0.00 0.00
-5,833.32 -6,093.04 -7,134.71 -7,292.28 -7,489.37 -7,505.55 -8,159.47 -8,025.02
0.00 0.00 0.00 0.00
17,422.72 18,511.75 18,042.92 18,521.91 18,222.08 17,929.61 17,893.45 19,384.72
5,993.10 5,952.71 5,858.83 6,201.69 6,152.34 6,139.22 6,003.71 6,419.66
7,739.40 7,780.97 7,384.94 7,739.69 7,869.49 7,632.58 7,868.84 8,612.08
3,690.22 4,778.06 4,799.15 4,580.54 4,200.25 4,157.81 4,020.91 4,352.98
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Table A.3.10: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
ASSETS :
1. Cash 0.03 0.04 0.03 0.03 0.06 0.04 0.05 0.05 0.05 0.06 0.41 0.81 0.73
2. Balance held with 0.45 0.50 0.81 0.65 0.43 2.47 2.66 3.30 2.98 3.31 23.03 45.00 40.68
(a) FMBN 0.06 0.08 0.08 0.13 0.05 0.08 0.09 0.09 0.09 0.09 0.68 1.33 1.20
(b) Other banks 0.39 0.42 0.73 0.52 0.38 2.39 2.57 3.22 2.90 3.22 22.35 43.67 39.47
3. Treasury Bills/Certificate 0.00 0.14 0.00 0.00 0.00 0.00 0.00 0.00 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 2.47 2.37 2.88 18.28 2.40 32.29
5. Loans 0.21 0.33 0.56 0.39 0.75 0.74 0.79 0.92 0.86 1.02 6.60 12.90 6.00
6. Other Assets 0.66 1.41 1.06 0.95 0.34 0.72 0.83 0.90 0.86 0.71 6.67 3.30 1.50
Total Assets 2.24 3.61 3.07 2.95 4.39 6.08 6.59 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 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 1.35 1.24 1.42 9.55 2.70 1.80
2. Reserves 0.06 -0.06 -0.13 -0.07 -0.06 0.03 0.05 0.05 0.05 0.04 0.38 0.25 3.62
3. Savings 0.29 0.33 0.40 0.44 0.47 0.56 0.63 0.68 0.66 0.73 5.06 3.34 48.28
4. Fixed Deposits 0.63 1.25 0.65 0.67 2.02 3.61 3.71 3.91 3.81 0.63 29.43 32.80 16.30
5. Balance held for other Fin. Ints. 0.34 0.57 0.21 0.14 0.43 0.37 0.39 0.40 0.40 0.37 3.05 2.01 9.40
6. Other Liabilities 0.49 0.68 0.71 0.51 0.40 0.50 0.70 1.26 0.98 0.56 7.53 23.30 1.80
Total Liabilities 2.24 3.61 3.07 2.95 4.39 6.08 6.59 7.66 7.12 3.75 55.00 64.40 81.20
Number of Reporting PMI 145 252 279 279 278 115 115 115 115 71 80 81 83
Loans to deposits Ratio (Per Cent) 3.19 21.23 53.66 35.78 30.32 17.72 18.12 20.11 19.14 75.63 19.14 35.69 9.29
Liquidity Ratio (Per Cent) 6.91 31.82 66.97 54.43 16.61 55.43 57.44 67.21 62.46 195.19 62.46 120.06 55.97
Liquid Assets (N' Billion) 0.48 0.68 0.84 0.68 0.49 2.51 2.71 3.36 3.04 3.37 23.45 45.80 41.41
Current Liabilities (N' Billion) 6.89 2.14 1.26 1.25 2.92 4.53 4.73 5.00 4.86 1.73 37.54 38.15 73.98
Deposits (N' Billion) 6.55 1.58 1.04 1.10 2.49 4.17 4.34 4.60 4.47 1.35 34.48 36.14 64.58
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.10: Summary of Assets & Liabilities of
Primary Mortgage Institutions (N' Billions)
ITEM 2005 2006 2007 2008 2009 2010 2011 2012 2013 ITEM 2014 2015 2016 2017
ASSETS : ASSETS :
1. Cash 0.92 0.98 0.68 0.78 0.97 1.28 1.51 1.22 0.12 Cash at hand 0.29 0.29 2.14 0.63
2. Balance held with 51.50 50.84 29.28 102.82 75.99 85.62 58.77 64.47 65.06 Balances with Banks 5.76 14.93 8.70 7.75
(a) FMBN 1.52 1.51 0.87 29.15 30.78 31.38 16.10 12.84 9.86 Placements with Banks 33.16 38.32 33.31 33.82
(b) Other banks 49.97 49.33 28.41 73.66 45.21 54.24 42.68 51.63 55.21 Investments 18.78 23.99 30.44 30.58
3. Treasury Bills/Certificate 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other Loans & Advances 14.24 27.78 21.02 48.34
4. Placements/Investments 40.88 40.36 149.09 69.83 61.19 66.99 89.70 99.42 83.34 Mortgage Loans 47.68 74.23 81.89 107.95
5. Loans 2.10 7.56 40.76 108.53 118.59 132.88 122.81 120.91 132.29 Other Assets 50.97 74.09 64.22 103.58
6. Other Assets 4.50 14.73 82.47 47.63 72.87 72.05 69.35 62.12 93.81 Fixed Assets 11.91 17.97 17.26 22.95
Total Assets 99.90 114.45 302.28 329.59 329.61 358.81 342.14 348.14 374.63 Total Assets 182.79 271.53 258.97 355.59
LIABILITIES : 0.00 0.00 0.00 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 65.00 62.86 74.51 Paid - Up Capital 58.45 78.47 66.08 84.18
2. Reserves 4.86 0.65 12.19 20.92 22.79 21.17 9.43 11.74 8.67 Reserves 13.19 34.29 42.94 10.82
3. Savings 64.84 8.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Published Current Year Profit/Loss -1.16 -1.15 -0.96 -7.64
4. Fixed Deposits 13.20 74.21 155.91 166.23 148.10 186.95 163.20 171.08 164.93 Deposits 51.55 73.72 66.04 103.06
5. Balance held for other Fin. Ints. 11.80 5.26 8.68 46.77 44.42 49.60 54.33 47.60 53.96 Placements from Banks 2.14 2.80 3.42 7.84
6. Other Liabilities 3.30 12.99 97.50 46.48 56.07 38.71 50.19 54.85 73.83 Long Term Loans 5.45 4.31 4.12 17.88
Total Liabilities 99.90 114.40 302.28 329.59 329.61 358.81 342.14 348.14 375.89 NHF Loans 21.96 29.45 29.16 33.07
Other Liabilities 31.20 49.64 48.02 102.24
Number of Reporting PMI 90 91 93 82 98 102 102 82 82 Total Liabilities 182.79 271.53 258.97 355.59
Loans to deposits Ratio (Per Cent) 2.69 9.12 26.14 65.29 80.07 71.08 75.25 70.67 80.21 Number of Reporting Primary Mortgage Institutions 82 82 82 32
Liquidity Ratio (Per Cent) 58.35 58.75 18.20 48.64 39.98 36.74 27.71 30.04 29.78 Capital Adequacy Ratio ( Min 10%) 68.08 72.36 76.46 40.87
Liquid Assets (N' Billion) 52.42 51.81 29.96 103.60 76.96 86.90 60.28 65.69 65.19 Mortgage Assets to Total Assets Ratio (Min. 30%) 26.04 27.35 31.62 30.36
Current Liabilities (N' Billion) 89.84 88.19 164.60 213.00 192.51 236.55 217.52 218.69 218.89 Mortgage Assets to Loanable Funds (Min. 60%) 92.49 100.69 124.01 104.75
Deposits (N' Billion) 78.04 82.93 155.91 166.23 148.10 186.95 163.20 171.08 164.93 Total Risk Weighted Assets (N'billion) 103.99 154.24 141.34 213.75
Note: Liquidity Ratio = Liquid Assets/Current Liabilities x 100
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Table A.3.11: Summary of Assets & Liabilities of Community/Microfinance Banks (N' Million)
ITEM 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
ASSETS :
Cash in hand 66.70 190.70 233.10 286.30 278.70 414.10 830.40 1,299.00 1,862.46 770.20 2,411.73
Balance with other banks 245.90 781.20 879.80 897.50 944.90 614.90 1,230.70 1,817.60 2,606.01 1,077.69 3,374.56
Money at call 197.70 695.70 773.20 403.80 157.80 327.80 155.00 177.30 254.21 105.12 329.18
Bills Discounted 23.30 23.40 24.70 4.80 6.40 113.20 97.20 116.00 166.32 68.78 215.37
Loans & Advances: 135.80 654.50 1,220.60 1,129.80 1,400.20 1,618.80 2,526.80 2,958.30 3,666.60 1,314.00 4,310.90
(a) Agriculture & forestry 29.50 123.20 155.40 98.60 229.40 367.40 962.70 1,007.20 1,248.35 447.37 1,467.71
(b) Mining & Quarrying 3.70 5.70 32.20 17.90 17.60 28.50 31.00 27.00 33.46 11.99 39.34
(c) Manufacturing & Food Processing 19.90 129.60 201.00 124.80 155.40 200.00 299.40 293.50 363.77 130.36 427.69
(d) Real Estate & Construction 14.60 47.50 34.90 102.60 92.70 105.20 67.10 71.90 89.11 31.94 104.77
(e) Transport/Commerce 45.60 280.00 513.80 575.70 695.00 729.90 1,042.70 1,447.80 1,794.44 643.08 2,109.77
(f) Others 22.50 68.50 283.30 210.20 210.10 187.80 123.90 110.90 137.45 49.26 161.61
Short Term Investments (TBs) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long Term Investments 118.40 326.60 491.40 354.30 254.00 384.00 218.40 436.80 450.20 304.30 925.50
Equipment on Lease - - 6.00 1.60 7.20 139.60 48.80 74.70 107.10 44.29 138.69
Fixed Assets 124.90 406.40 753.70 673.40 728.30 940.20 656.80 1,010.70 1,449.11 599.26 1,876.47
Other Assets 54.50 120.10 310.70 355.00 655.00 153.80 713.10 1,013.20 1,452.69 600.75 1,881.11
TOTAL ASSETS 967.20 3,198.60 4,693.20 4,106.50 4,432.50 4,706.40 6,477.20 8,903.60 12,014.70 4,884.40 15,463.50
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LIABILITIES: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposits 639.60 2,188.20 3,216.70 2,834.60 2,876.30 3,181.90 4,454.20 4,140.32 7,689.40 3,294.00 9,699.20
(a) Demand 207.90 588.50 836.30 832.90 780.70 842.10 1,252.40 1,163.42 2,160.72 926.27 2,725.48
(b) Savings 304.20 1,107.90 1,865.70 1,672.30 1,786.20 1,945.70 2,595.30 2,413.79 4,482.92 1,919.41 5,654.63
(c) Time 127.50 491.80 514.70 329.40 309.40 394.10 606.50 563.10 1,045.76 448.31 1,319.09
Money at Call Takings 0.00 - 5.10 0.70 - 5.20 - - 0.00 0.00 0.00
Balances held for Banks 39.50 63.90 33.60 14.40 13.70 28.80 - - 0.00 0.00 0.00
Matching Loans 36.90 74.60 71.10 107.90 38.10 68.90 42.30 62.50 33.39 11.95 41.71
Other Loans1 0.00 - 108.20 0.00 60.90 9.00 94.70 - 0.00 0.00 0.00
Shareholders Funds 227.00 625.30 935.40 861.00 870.70 1,385.80 1,479.30 1,858.40 2,773.60 1,034.80 3,825.60
(a) Paidup Capital 197.90 417.20 769.00 787.40 803.70 774.80 1,123.50 1,514.20 205.25 76.58 269.32
(b) Reserve 29.10 208.10 166.40 73.60 67.00 611.00 355.80 344.20 2,568.35 958.22 3,556.28
Other Liabilities 24.20 246.60 323.10 287.90 572.80 26.80 406.70 2,842.40 1,518.31 543.65 1,896.99
TOTAL LIABILITIES 967.20 3,198.60 4,693.20 4,106.50 4,432.50 4,706.40 6,477.20 8,903.62 12,014.70 4,884.40 15,463.50
Number of Reporting Banks 334 611 902 745 693 674 552 550 881 747 769
Loans to Deposit Ratio2 23.43 30.10 38.25 39.81 48.67 53.86 58.91 74.25 49.85 41.98 46.67
Liquidity Ratio3 75.14 74.05 57.94 55.71 47.80 42.19 49.75 79.56 61.42 59.29 63.05
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.3.11: Summary of Assets & Liabilities of Community/Microfinance Banks (N' Million)
ITEM 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 4 2017 5
ASSETS :
Cash in hand 3,884.71 4,762.52 11,971.98 1,029.27 1,410.10 2,292.60 2,763.54 2,594.40 1,717.10 2,854.20 3,219.60 3,158.36 3,360.39 3,768.95 4,619.53
Balance with other banks 5,435.61 6,663.86 16,751.55 8,614.09 11,801.30 43,705.70 48,404.90 72,315.00 36,047.50 32,925.00 53,516.50 53,826.69 72,357.10 52,614.90 48,113.85
Money at call 530.22 650.03 1,634.05 16,381.50 21,381.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69,560.61
Bills Discounted 346.90 425.29 1,069.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans & Advances: 9,954.80 11,353.80 28,504.80 16,450.20 22,850.20 42,753.06 58,215.66 52,867.50 50,928.30 90,422.25 94,055.58 112,110.15 187,247.34 196,194.99 190,490.05
(a) Agriculture & forestry 3,389.27 3,865.58 9,704.91 505.23 701.80 3,354.30 4,736.90 5,102.90 4,679.20 7,407.68 4,803.12 7,735.68 11,761.52 14,412.32 16,589.95
(b) Mining & Quarrying 90.86 103.62 260.16 449.33 624.14 412.40 569.70 520.40 329.40 298.73 603.25 187.09 390.88 234.17 346.10
(c) Manufacturing & Food Processing 987.64 1,126.44 2,828.03 491.98 683.39 2,006.33 2,275.70 2,172.90 1,728.85 2,275.01 2,937.27 3,156.49 3,372.79 4,742.99 4,484.29
(d) Real Estate & Construction 241.95 275.95 692.79 2,554.43 3,548.24 2,139.15 2,421.10 2,257.40 1,725.45 3,718.03 2,616.01 5,486.51 5,218.26 5,318.10 9,771.14
(e) Transport/Commerce 4,871.91 5,556.58 13,950.33 5,078.32 7,054.05 23,962.48 28,314.20 25,975.90 36,114.94 54,673.01 53,409.48 58,821.75 117,759.41 124,412.31 132,870.23
(f) Others 373.18 425.63 1,068.58 7,370.91 10,238.58 10,878.40 19,898.06 16,956.86 6,350.46 22,049.79 29,686.46 36,722.62 48,744.48 47,075.10 26,428.34
Short Term Investments (TBs) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,794.20 11,621.00 10,754.05 12,404.33 16,668.66 20,404.05
Long Term Investments 2,261.00 2,612.70 3,594.10 2,712.19 3,715.70 7,295.30 8,025.00 8,674.20 8,959.80 4,284.10 3,355.50 4,144.36 5,333.54 3,458.53 5,038.76
Equipment on Lease 223.39 273.87 688.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Assets 3,022.54 3,705.53 9,314.92 6,316.69 6,249.10 12,237.30 15,793.50 16,203.30 9,606.60 12,680.00 12,615.00 12,584.88 17,668.97 15,251.34 37,347.97
Other Assets 3,030.02 3,714.69 9,337.96 3,641.90 8,141.90 14,469.80 18,407.40 17,684.50 10,612.80 20,438.80 13,498.80 14,094.07 23,595.81 20,873.64 17,971.84
TOTAL ASSETS 28,689.20 34,162.30 82,866.90 55,145.84 75,549.80 122,753.76 151,610.00 170,338.90 117,872.10 189,293.35 237,837.60 221,652.34 343,883.08 326,223.13 393,546.67
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LIABILITIES: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposits 18,075.00 21,407.90 47,523.70 34,017.70 41,217.70 61,568.10 76,662.00 75,739.60 59,375.90 98,789.10 121,787.60 110,688.41 159,453.52 149,798.38 182,100.72
(a) Demand 5,079.08 6,015.62 13,354.16 34,017.70 41,217.70 61,568.10 76,662.00 75,739.60 59,375.90 98,789.10 121,787.60 110,688.41 159,453.52 149,798.38 182,100.72
(b) Savings 10,537.73 12,480.81 27,706.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(c) Time 2,458.20 2,911.47 6,463.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Money at Call Takings 0.00 0.00 0.00 280.90 290.50 0.00 0.00 0.00 0.00 0.00 0.00
Balances held for Banks 0.00 0.00 0.00 0.00 0.00 2,081.65 2,238.60 23,969.60 4,962.00 4,680.50 4,491.20 3,295.10 5,822.04 5,672.36 6,710.08
Matching Loans 77.52 98.93 370.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Loans1 0.00 0.00 0.00 384.32 497.90 3,033.97 3,591.00 3,522.90 4,591.90 7,839.60 10,272.60 9,946.28 29,749.26 38,167.35 36,438.66
Shareholders Funds 7,011.10 8,156.40 18,107.30 12,829.82 21,810.70 37,021.80 45,166.00 43,997.50 29,094.80 42,829.10 64,939.00 53,039.03 91,376.50 77,868.65 90,252.31
(a) Paidup Capital 518.82 603.57 1,340.00 8,298.59 11,203.10 28,340.30 37,078.00 41,540.20 30,890.20 44,945.40 48,804.00 54,517.50 79,698.72 60,960.79 68,280.31
(b) Reserve 6,492.28 7,552.83 16,767.30 4,531.23 10,607.60 8,681.50 8,088.00 2,457.30 -1,795.40 -2,116.30 16,135.10 -1,478.47 11,677.78 16,907.86 21,972.00
Other Liabilities 3,525.58 4,499.07 16,865.06 7,633.10 11,733.10 19,048.20 23,952.40 23,109.30 19,847.50 35,155.20 36,347.20 44,683.52 57,481.77 54,716.40 78,044.92
TOTAL LIABILITIES 28,689.20 34,162.30 82,866.90 55,145.84 75,549.90 122,753.72 151,610.00 170,338.90 117,872.10 189,293.35 237,837.60 221,652.34 343,883.08 326,223.14 393,546.68
Number of Reporting Banks 774 753 757 750 709 733 828 801 821 883 825 891 958 987 1,013
Loans to Deposit Ratio2 56.99 55.02 62.23 47.96 55.05 67.17 73.78 53.02 79.16 77.44 74.48 72.31 90.35 126.19 100.89
Liquidity Ratio3 54.50 56.41 63.88 75.88 83.34 72.27 64.85 75.13 58.70 59.89 44.93 49.99 45.81 36.27 64.77
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.4.3: Commercial, Merchant & Deposit Money
Banks' Loans and Advances (N' Billion)
Period CBs MBs DMBs
2008 6,443.09 - 6,443.09
2009 8,150.88 - 8,150.88
2010 7,018.27 - 7,018.27
2011 6,685.85 - 6,685.85
2012 7,723.72 - 7,723.72
2013 9,467.28 21.04 9,488.32
2014 12,101.20 42.05 12,143.25
2015 12,101.32 47.04 12,148.36
2016
Q1 11,999.31 81.88 12,081.19
Q2 14,238.35 89.39 14,327.73
Q3 14,772.11 104.57 14,876.67
Q4 14,752.84 119.47 14,872.31
2017
Q1 14,633.08 120.33 14,753.41
Q2 14,398.30 133.27 14,531.57
Q3 14,535.91 144.28 14,680.19
Q4 14,513.32 148.82 14,662.14
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Table A.4.2: Sectoral Distribution of Commercial Banks' Loans and Advances1 (N' Billion)
P r o d u c t i o n General Commerce Services O t h e r s
Agriculture, Manufac- Mining Real Bills Domestic Credit to Personal Miscella- Total
Period Forestry turing and Quarying Estate and Discounted Trade Exports Imports Public Transport and financial Government and neous
and Fishery Construction Utilities Communications Institutions Professional
1981 0.6 2.7 0.1 1.8 - 0.8 0.1 0.5 0.2 0.6 0.4 0.3 0.3 0.2 8.6
1982 0.8 3.0 0.1 2.1 - 1.1 0.2 0.6 0.2 0.7 0.4 0.4 - 0.8 10.3
1983 0.9 3.1 0.1 2.3 - 1.1 0.1 0.5 0.2 0.7 0.8 0.6 - 0.7 11.1
1984 1.1 3.1 0.2 2.4 - 1.2 0.1 0.5 0.2 0.7 0.8 0.6 - 0.7 11.5
1985 1.3 3.2 0.2 2.5 - 1.4 0.1 0.5 0.2 0.7 0.5 0.6 - 0.8 12.2
1986 1.8 4.5 0.2 2.8 - 1.7 0.3 0.7 0.2 0.7 0.8 0.5 - 1.3 15.7
1987 2.4 5.0 0.2 2.9 - 2.0 0.5 0.6 0.2 0.8 1.1 0.6 0.6 0.6 17.5
1988 3.1 6.1 0.2 3.0 - 2.3 0.5 0.8 0.3 0.9 0.2 0.8 0.8 0.6 19.6
1989 3.5 6.7 0.3 3.2 - 2.7 0.6 0.9 0.2 0.8 0.5 0.8 1.2 0.7 22.0
1990 4.2 7.9 0.4 3.2 0.3 2.8 0.7 1.0 0.2 0.9 0.7 1.2 1.3 1.1 26.0
1991 5.0 10.9 0.5 3.6 0.1 3.0 0.9 1.0 0.2 1.1 0.8 1.0 1.7 1.4 31.3
1992 7.0 15.4 0.8 4.1 0.7 3.7 1.3 1.6 0.3 1.3 1.1 1.2 2.2 2.0 42.7
1993 10.8 23.1 1.4 5.4 - 10.0 1.6 1.9 0.5 2.2 1.8 1.7 - 5.3 65.7
1994 17.8 34.8 - - - - 7.6 - - - - - - 34.0 94.2
1995 25.3 58.1 12.1 - - - 19.4 - - - - - - 29.7 144.6
1996 33.3 72.2 15.0 - - - 33.0 - - - - - - 15.9 169.4
1997 27.9 82.8 20.6 - - - 16.4 - - - - - - 237.8 385.6
1998 27.2 96.7 22.8 - - - 29.8 - - - - - - 96.4 272.9
1999 31.0 115.8 24.7 - - - 18.8 - - - - - - 132.5 322.8
2000 41.0 141.3 32.3 - - - 25.3 - - - - - - 268.4 508.3
2001 55.8 206.9 70.5 - - - 34.5 - - - - - - 428.4 796.2
2002 59.8 233.5 70.2 - - - 26.7 - - - - - - 564.4 954.6
2003 62.1 294.3 96.0 - - - 34.5 - - - - - - 723.2 1,210.0
2004 67.7 332.1 131.1 - - - 31.3 - - - - - - 957.0 1,519.2
2005 48.6 352.0 172.5 - - - 26.4 - - - - - - 1,377.2 1,976.7
2006 49.4 445.8 251.5 - - - 52.7 - - - - - - 1,724.9 2,524.3
2007 149.6 487.6 490.7 - - - 66.6 - - - - - - 3,619.1 4,813.5
2008 106.4 932.8 846.9 466.8 - - 75.2 144.9 45.8 1,304.9 539.1 714.5 - 2,622.1 7,799.4
2009 135.7 993.5 1,190.7 778.1 - - 45.9 1,199.2 74.8 776.6 1,230.6 352.2 - 2,134.9 8,912.1
2010 128.4 987.6 1,178.1 670.3 - - 44.8 898.4 50.6 821.0 871.4 374.4 - 1,681.3 7,706.4
2011 255.2 1,053.2 1,295.3 453.5 - - 36.2 755.7 68.5 1,267.0 303.3 499.5 - 1,325.4 7,312.7
2012 316.4 1,068.3 1,771.5 539.8 - - 65.6 691.0 29.3 966.3 249.1 632.8 - 1,870.1 8,150.0
2013 343.7 1,179.7 2,155.9 726.9 - - 3.9 762.8 215.2 1,392.0 322.9 718.7 - 2,183.9 10,005.6
Industry Services
Trade/General
Agriculture Mining & Power & Construction Government Finance, Insurance Power and Total
Manufacturing Oil & Gas Commerce Real Estate Education Oil & Gas Others
Quarrying Energy & Capital Market Energy
2014 478.9 18.2 1,647.5 2,047.2 276.1 556.2 1,045.2 732.0 551.4 763.4 86.0 1,098.9 150.9 3,437.5 12,889.4
2015
Q1 466.4 222.3 1,878.1 2,153.2 282.7 585.5 1,250.7 766.3 615.3 757.3 79.7 1,073.5 163.9 3,062.2 13,357.1
Q2 484.9 17.9 1,909.5 2,058.7 353.9 641.3 1,058.7 696.9 548.2 811.9 64.6 1,147.2 161.2 3,478.3 13,433.4
Q3 469.9 12.1 1,958.5 2,241.3 359.6 554.3 1,030.0 618.4 637.7 790.2 79.1 1,212.1 169.4 2,881.3 13,013.9
Q4 449.3 11.7 1,736.2 2,272.8 340.3 531.7 985.7 922.9 692.2 791.4 74.2 1,155.5 162.4 2,959.8 13,086.2
2016
Q1 485.6 11.3 1,862.6 2,237.7 357.6 519.0 950.5 1,230.3 663.9 763.1 83.3 1,032.8 130.2 5,275.6 15,603.6
Q2 477.0 16.2 2,057.3 3,323.1 445.2 604.5 1,008.5 1,370.1 712.1 856.9 87.8 1,121.3 231.0 3,100.4 15,411.3
Q3 491.3 27.3 2,130.4 3,647.3 428.4 631.4 973.0 1,366.7 760.2 933.3 89.3 1,200.4 301.4 3,204.7 16,185.1
Q4 525.9 21.3 2,215.7 3,587.9 432.3 631.1 984.9 1,361.9 791.5 937.4 87.2 1,267.7 293.9 2,978.4 16,117.2
2017
Q1 491.5 11.8 2,267.4 3,542.3 459.2 653.6 954.2 1,369.9 798.4 916.8 77.2 1,141.5 296.9 2,844.5 15,825.3
Q2 501.1 11.4 2,216.7 3,528.2 466.1 630.7 960.0 1,367.3 794.6 909.9 75.1 1,090.6 302.2 2,856.7 15,710.6
Q3 491.5 11.8 2,267.4 3,542.3 459.2 653.6 954.2 1,369.9 798.4 916.8 77.2 1,141.5 296.9 2,844.5 15,825.3
Q4 528.2 25.3 2,171.4 3,576.3 453.9 657.1 1,023.8 1,391.4 753.6 1,125.9 72.5 1,161.1 301.1 2,499.0 15,740.6
Source : Computed from Deposit Money Banks' Returns
Note: 1 Effective March 2014, the DMBs figures are in compliance with IFRS
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Table A.4.3: Money Market Interest Rates (Per cent)
Central Bank Deposit Money Banks
Minimum Monetary Treasury Treasury Certificates1 Deposit Rates ( Period Weighted Average)
Policy Rate
Rediscount Bill Rate One Year Two Year Over 12
Period Rates Maturity Maturity 3 Months 6 Months 12 Months Months
2001 20.50 12.95 … … 10.20 10.50 9.98 10.09
2002 16.50 18.88 … … 16.31 16.99 16.50 15.57
2003 15.00 15.02 … … 14.31 13.07 13.04 11.88
2004 15.00 14.21 … … 13.69 12.47 13.32 12.21
2005 13.00 7.00 … … 10.53 10.38 10.82 8.68
2006 10.00 8.80 … … 9.75 9.33 8.35 8.26
2007 9.50 6.91 … … 10.29 9.74 8.10 9.49
2008 9.75 9.55 - 4.50 … … 11.95 11.85 11.84 11.95
2009 6.00 1.30 - 6.13 … … 12.96 13.03 12.85 12.63
2010 6.25 0.95 - 10.25 … … 6.52 6.28 5.67 7.19
2011 12.00 5.56 - 16.75 … … 5.69 4.90 4.70 6.30
2012 12.00 10.00 - 17.20 … … 8.40 7.85 7.18 7.63
2013 12.00 7.50 - 13.34 … … 7.94 7.47 5.54 6.72
2014 13.00 8.00 - 15.99 … … 9.34 9.60 9.16 9.89
2015 11.00 2.00 - 16.28 … … 9.15 9.15 8.68 8.26
Q1 13.00 9.00 - 15.90 … … 9.40 9.69 9.47 9.70
Q2 13.00 7.50 - 16.28 … … 9.28 9.21 8.16 7.68
Q3 13.00 8.00 - 14.71 … … 10.40 10.84 11.28 9.75
Q4 11.00 2.00 - 12.50 … … 7.51 6.85 5.80 5.73
2016 14.00 3.00 - 18.70 … … 7.50 7.35 6.22 5.46
Q1 12.00 3.00 - 09.56 … … 6.81 5.95 5.21 4.60
Q2 12.00 5.00 - 15.00 … … 6.90 6.20 5.27 4.87
Q3 14.00 7.00 - 18.50 … … 7.71 7.88 5.35 5.27
Q4 14.00 10.00 - 18.70 … … 8.56 9.38 9.05 7.10
2017 14.00 9.00 - 18.98 … … 9.55 10.94 10.88 7.73
Q1 14.00 9.00 - 18.69 … … 9.04 10.48 10.64 7.99
Q2 14.00 13.15 - 18.98 … … 9.29 10.63 10.95 8.20
Q3 14.00 13.15 - 18.60 … … 10.04 11.40 11.12 7.40
Q4 14.00 12.50 - 15.72 … … 9.85 11.23 10.81 7.34

Notes: 1Treasury Certificates started in 1968 and terminated in 1995
… means not applicable
Effective March 2014, DMBs Numbers are in compliance with IFRS as reported in FinA stop gap.
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Table A.4.4: Weighted Average Deposit and Lending Rates of Commercial Banks (Per Cent)
Period Savings Prime1 Maximum
1981 6.00 7.75 10.00
1982 7.50 10.25 11.75
1983 7.50 10.00 11.50
1984 9.50 12.50 13.00
1985 9.50 9.25 11.75
1986 9.50 10.50 12.00
1987 14.00 17.50 19.20
1988 14.50 16.50 17.60
1989 16.40 26.80 24.60
1990 18.80 25.50 27.70
1991 14.29 20.01 20.80
1992 16.10 29.80 31.20
1993 16.66 18.32 36.09
1994 13.50 21.00 21.00
1995 12.61 20.18 20.79
1996 11.69 19.74 20.86
1997 4.80 13.54 23.32
1998 5.49 18.29 21.34
1999 5.33 21.32 27.19
2000 5.29 17.98 21.55
2001 5.49 18.29 21.34
2002 4.15 24.85 30.19
2003 4.11 20.71 22.88
2004 4.19 19.18 20.82
2005 3.83 17.95 19.49
2006 3.14 17.26 18.70
2007 3.55 16.94 18.36
2008 2.84 15.14 18.70
2009 2.68 18.99 22.62
2010 2.21 17.59 22.51
2011 1.41 16.02 22.42
2012 1.70 16.79 23.79
2013 2.17 16.72 24.69
2014 3.38 16.55 25.74
2015 3.58 16.85 26.71
2016 3.75 16.87 27.29
Q1 3.28 16.69 26.81
Q2 3.57 16.56 26.85
Q3 3.96 17.14 27.25
Q4 4.18 17.08 28.26
2017 4.13 17.58 30.68
Q1 4.22 17.26 29.75
Q2 4.13 17.54 30.67
Q3 4.08 17.74 31.18
Q4 4.08 17.78 31.11
Notes: 1Formerly referred to as First Class Advances
Universal Banking was adopted in 2001, hence Commercial & Merchant Banks became Deposit Money Banks (DMBs)
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Table A.4.5: Selected Financial Ratios of Commercial Banks (Percentage)
Period Liquidity Ratio1 Cash Reserve Ratio2 Cash Reserve Ratio2 Loan-to-Deposit Ratio3
Actual Prescribed Prescribed Prescribed (Public Sector Funds) Actual Prescribed
Minimum Maximum
2001 52.9 65.6
2002 52.5 62.8
2003 50.9 61.9
2004 50.5 68.6
2005 50.2 70.8
2006 55.7 63.6
2007 48.8 40.0 70.8 80.0
2008 44.3 35.0 3.0 80.9 80.0
2009 30.7 25.0 1.3 85.7 80.0
2010 30.4 25.0 1.0 74.2 80.0
2011 42.0 30.0 8.0 44.8 80.0
2012 49.7 30.0 12.0 42.3 80.0
2013 63.2 30.0 12.0 50.0 38.0 80.0
2014 38.3 30.0 20.0 75.0 64.2 80.0
2015 42.3 30.0 20.0 20.0 69.6 80.0
2016
Q1 39.7 30.0 22.5 22.5 67.8 80.0
Q2 35.6 30.0 22.5 22.5 74.9 80.0
Q3 43.7 30.0 22.5 22.5 81.1 80.0
Q4 46.0 30.0 22.5 22.5 80.0 80.0
2017
Q1 46.1 30.0 22.5 22.5 78.3 80.0
Q2 49.1 30.0 22.5 22.5 82.0 80.0
Q3 46.2 30.0 22.5 22.5 79.6 80.0
Q4 54.8 30.0 22.5 22.5 72.8 80.0
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
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Table A.4.6: Deposits and Loans of Rural Branches of Commercial Banks (N' Million)
Year/Quarter Deposits Loans
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 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
2016
Q1 95,682.6 35,135.6
Q2 98,698.0 34,695.0
Q3 93,997.4 42,442.6
Q4 87,931.0 43,776.9
2017
Q1 96,257.7 47,346.6
Q2 102,688.5 45,425.6
Q3 78,053.3 119,816.3
Q4 82,390.3 530,992.2
Note: Rural banking started in 1977
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Table A.4.7: Number of Commercial Banks Branches in Nigeria and Abroad
Branches
Period Number Urban Rural Abroad1 Total
of Banks
1981 20 622 240 7 869
1982 22 676 308 7 991
1983 25 694 407 7 1108
1984 27 810 432 7 1249
1985 28 839 451 7 1297
1986 29 879 481 7 1367
1987 34 947 529 7 1483
1988 42 1057 602 6 1665
1989 47 1093 756 6 1855
1990 58 1169 765 5 1939
1991 65 1253 765 5 2023
1992 65 1495 774 6 2275
1993 66 1577 775 6 2358
1994 65 1634 763 6 2403
1995 64 1661 701 6 2368
1996 64 1727 675 5 2407
1997 64 1727 675 5 2407
1998 54 1466 714 5 2185
1999 54 1466 714 5 2185
2000 54 1466 722 5 2193
2001 90 1466 722 5 2193
2002 90 2283 722 5 3010
2003 90 2520 722 5 3247
2004 89 2765 722 5 3492
2005 2 25
Note: Classification of Branches into Urban and Rural stopped in 2005 due to consolidation of banks
1
Abroad comprises branches and subsidiaries
2
The number of banks reduced to 25 following consolidation of banks
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Table A.4.8: Number of Deposit Money Banks Branches in Nigeria (by States) and Abroad
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Number of Banks 25 24 24 24 24 24 21 24 24 25 25 26
Branches Abroad2 2 7 8 2 2 2 2 1 1 2 2 2
Abia 104 111 138 141 146 125 138 147 144 135 142 137
Abuja(FCT) 163 219 283 361 398 359 379 397 380 369 421 437
Adamawa 39 52 58 63 67 79 63 61 47 47 57 64
Akwa-Ibom 60 78 85 99 99 92 100 94 92 103 106 114
Anambra 121 174 212 217 237 222 228 224 219 218 219 214
Bauchi 35 45 50 51 53 50 46 46 47 48 50 47
Bayelsa 28 31 37 38 37 37 37 38 38 38 38 39
Benue 39 53 61 71 75 57 73 76 67 63 69 71
Number of Deposit Money Banks Branches in Nigeria by State1
Borno 61 57 68 71 79 68 71 69 83 72 60 61
Cross-River 36 52 63 71 79 76 76 80 79 74 78 79
Delta 98 129 174 193 198 177 194 198 178 180 200 205
Ebonyi 15 22 28 32 35 45 33 33 59 61 37 36
Edo 109 118 163 175 183 162 188 192 144 165 178 188
Ekiti 31 54 67 58 80 60 64 76 91 87 86 92
Enugu 90 93 120 130 141 116 142 147 158 151 159 162
Gombe 25 29 33 40 40 36 36 37 43 41 36 37
Imo 37 57 84 104 104 97 100 102 110 105 98 100
Jigawa 19 29 34 35 39 37 36 38 63 66 38 36
Kaduna 126 133 157 164 183 170 169 171 154 164 168 173
Kano 130 130 160 183 193 186 183 183 174 170 178 179
Katsina 33 41 50 57 62 55 58 59 73 78 56 55
Kebbi 21 31 35 36 40 40 37 38 95 37 37 35
Kogi 27 64 68 81 80 77 82 84 88 80 79 82
Kwara 39 70 67 72 79 139 75 79 104 101 78 84
Lagos 1038 1407 1551 1690 1766 1453 1692 1678 1443 1486 1645 1686
Nasarawa 19 27 40 48 58 51 49 48 68 69 49 49
Niger 46 51 69 75 80 76 79 82 67 65 78 86
Ogun 52 122 139 149 175 402 161 154 137 142 154 172
Ondo 87 91 107 109 121 109 110 119 106 101 113 120
Osun 38 81 93 92 105 118 101 104 101 99 106 108
Oyo 112 163 191 220 236 203 223 237 347 343 222 237
Plateau 77 65 73 76 79 72 77 75 75 71 70 67
Rivers 179 197 248 273 302 246 310 311 292 275 312 319
Sokoto 46 41 54 59 53 53 52 52 43 45 53 52
Taraba 16 27 30 35 37 41 35 35 40 40 34 27
Yobe 22 32 33 32 35 35 33 35 38 41 34 31
Zamfara 15 24 29 35 35 33 34 40 39 38 30 31
TOTAL 3233 4200 4952 5436 5809 5454 5564 5639 5526 5470 5570 5714
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.4.9: Commercial Banks' Loans to Small Scale Enterprises 1
Period Commercial Banks Loans Commercial Banks Commercial Banks Loans
To Small Scale Total Credit to Private To Small Scale Enterprises as
Enterprises (N' Million) Sector (N' Million) Percentage of Total Credit (%)
2001 52,428.4 844,486.2 6.2
2002 82,368.4 948,464.1 8.7
2003 90,176.5 1,203,199.0 7.5
2004 54,981.2 1,519,242.7 3.6
2005 50,672.6 1,991,146.4 2.5
2006 25,713.7 2,609,289.4 1.0
2007 41,100.4 4,820,695.7 0.9
2008 13,512.2 7,799,400.1 0.2
2009 16,366.5 9,667,876.7 0.2
2010 12,550.3 9,198,173.1 0.1
2011 15,611.7 9,614,445.8 0.2
2012 13,863.5 10,440,956.3 0.1
2013 15,353.0 11,543,649.9 0.1
2014
Q1 21,653.6 11,764,494.0 0.2
Q2 16,007.7 12,168,761.9 0.1
Q3 15,966.6 12,933,832.1 0.1
Q4 16,069.3 13,179,598.1 0.1
2015 12,949.5 13,568,543.7 0.1
2016
Q1 13,279.1 13,580,423.7 0.1
Q2 12,244.4 15,903,577.9 0.1
Q3 11,920.1 16,530,051.3 0.1
Q4 10,747.9 16,500,150.3 0.1
2017
Q1 282,016.0 16,392,918.1 1.7
Q2 11,973.5 16,092,233.8 0.1
Q3 12,172.1 16,272,193.5 0.1
Q4 10,747.9 16,193,858.3 0.1
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
by Nigerians took effect from October 1, 1996

Small Scale Enterprises started in 1992
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Table A.4.10: 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
2015 247 13,466,461 6,195.5 54,520 25.08
2016 248 11,719,847 5,829.6 47,257 23.51
Q1 62 2,847,438 1,453.3 45,926 23.44
Q2 63 2,884,367 1,441.5 45,784 22.88
Q3 61 3,008,641 1,414.9 49,322 23.20
Q4 62 2,979,401 1,519.9 48,055 24.51
2017 248 10,808,983 5,381.9 43,585 21.70
Q1 64 2,650,534 1,479.1 41,415 23.11
Q2 59 2,647,497 1,302.4 44,873 22.07
Q3 64 2,831,252 1,308.7 44,238 20.45
Q4 61 2,679,700 1,291.8 43,930 21.18
Notes:
Clearing House activities commenced in 1965
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Table A.4.11: Payment
Systems
Cheque ATMVOL POS WEB Pay Mobile Pay NIP NEFT

Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol
2009 29,166,780 29,436.02 109,161,646 548.60 918,256 11.03 2,703,516 84.15 1,809,251 1.27 n. a. n. a. n. a.
2010 33,973,919 19,675.51 60,133,610 399.71 1,072,426 12.72 1,601,086 25.05 1,156,533 6.65 n. a. n. a. n. a.
2011 37,718,585 22,302.65 347,569,999 1,561.74 2,100,673 31.02 1,932,355 59.61 3,649,374 18.98 n. a. n. a. n. a.
2012 12,045,833 7,461.63 375,487,756 1,984.66 2,555,045 48.01 2,276,464 31.57 2,297,688 31.51 4,452,098 3,891.03 28,741,726
2013 14,145,839 7,674.86 295,292,940 2,828.94 9,402,255 161.02 2,900,473 47.32 15,812,435 142.80 17,111,532 10,844.92 30,034,009
2014 15,365,565 7,269.08 400,102,507 3,679.88 20,817,423 312.07 5,587,081 74.04 29,156,406 346.47 40,829,854 19,921.50 29,816,817
2015 13,466,461 6,195.46 433,587,623 3,970.25 33,720,933 448.51 7,981,361 91.58 43,933,362 442.35 71,643,166 25,649.06 28,935,605
2016 Q1 2,847,438 1,453.29 124,790,186 1,069.99 11,745,556 144.76 2,728,415 31.69 14,092,005 135.24 24,741,780 7,637.18 5,877,038
2016 Q2 2,884,367 1,441.50 136,390,687 1,134.50 13,592,049 163.71 2,658,016 26.28 8,643,518 168.28 31,576,561 8,728.08 7,132,745
2016 Q3 3,008,641 1,414.90 153,167,033 1,246.80 16,028,115 189.95 3,526,717 30.76 10,865,588 223.06 38,828,971 9,591.12 9,527,329
2016 Q4 2,979,401 1,519.86 175,891,028 1,536.85 22,349,483 260.58 5,175,099 43.63 13,452,141 230.31 58,469,138 12,152.68 7,217,070
2017 Q1 2,650,534 1,479.10 178,964,710 1,502.06 26,646,982 285.98 5,520,058 46.57 12,609,706 260.59 69,657,556 13,127.92 5,778,127
2017 Q2 2,647,497 1,302.39 187,805,431 1,544.23 32,774,728 324.13 5,965,106 37.09 11,559,108 295.24 80,823,136 13,363.27 7,101,045
2017 Q3 2,831,252 1,308.67 194,086,729 1,558.76 39,310,184 364.55 7,765,783 45.58 11,363,080 239.36 97,530,851 13,962.66 7,085,383
2017 Q4 2,679,700 1,291.76 239,692,229 1,832.55 47,535,262 435.15 9,740,150 55.35 12,272,667 306.82 122,859,129 15,711.82 11,070,069
Note: n. a. means not available

NEFT m-Cash EBILLSPAY REMITA NAPS CENTRAL PAY
Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil) Vol Val (N'Bil)
n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
13,660.03 n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
3,087.02 4,295 0.01 289,165 159.02 9,802,150 3,551.68 1,719,903 590.20 60,509 0.85
3,963.30 14,847 0.07 235,823 133.41 8,951,623 3,367.20 2,402,996 997.62 75,201 1.18
3,757.19 17,387 0.12 190,077 128.30 9,474,458 2,963.69 3,462,739 1,484.50 91,590 1.20
4,138.96 41,303 0.41 190,876 130.02 11,478,033 3,646.92 4,314,370 1,888.03 148,056 1.77
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Table A.5.1: Summary of Assets/Liabilities of Discount Houses - Assets (N' Million)
ASSETS 1993 1994 1995 1 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
CASH AND BALANCES WITH BANKS 6.4 50.5 71.3 203.3 99.5 611.9 404.5 617.3 2,227.4 740.9 1,064.9 (9.3) (4,232.6) 2,976.8 635.6
i) Cash on hand 0.1 0.2 0.2 0.3 0.4 0.8 2.5 2.1 7.6 1.0 1.1 1.0 0.9 0.9 1.5
ii) Balances with CBN - 15.4 (2.3) 0.0 - 0.1 - 43.7 887.6 - 5.3 1.0 (4,636.0) 3,286.0 (5,133.6)
iii) Balances with other banks 6.3 34.9 73.4 203.0 99.1 611.0 402.0 571.5 1,332.2 739.9 1,058.5 (11.3) 402.5 (310.1) 5,767.7
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 15,292.3 13,098.2 32,771.4 26,145.3 42,297.9 64,885.7 101,038.2 178,572.8
i) Treasury Bills 4,213.2 7,125.9 1,552.6 6,479.7 1,499.2 3,031.7 5,413.0 15,292.3 13,098.2 32,771.4 23,740.9 38,090.6 48,477.8 70,164.7 115,365.9
a) Pledges - - 668.2 4,621.1 1,287.0 2,452.0 - 10,022.8 - 16,442.4 9,529.9 9,346.3 1,900.0 8,311.0 2,500.0
b) Unpledged - - 884.5 1,858.6 212.2 579.7 - 5,269.5 - 16,329.0 14,211.0 28,744.3 46,577.8 61,853.7 112,865.9
c) Bill with PDO (CBN) - - - - - - - - - - - - - - -
ii) Treasury Certificate Maturing - - - - - - 3,492.1 - - - - 2,807.3 9,507.9 12,947.0 52,517.3
a) Within 1 year - - - - - - - - - - - - - 6,460.0 41,398.9
b) 1-2 years - - - - - - - - - - 750.0 2,807.3 9,507.9 6,487.0 11,118.4
iii) Treasury Bonds - - - - - - - - - - - - 250.0 1,863.7 -
a) Pledges - - - - - - - - - - - - - 1,863.7 -
b) Unpledged - - - - - - - - - - - - 250.0 - -
iv) Eligible Development Stock - 0.3 - 0.2 7.2 7.0 - - - - 1,000.0 1,400.0 6,650.0 16,062.8 10,689.6
CLAIMS ON STATE GOVERNMENTS - - - - - - - - - - - 883.9 825.4 415.6 -

i) State Promissory Notes - - - - - - - - - - - - - - -
ii Eligible State Bonds - - - - - - - - - - - 883.9 825.4 415.6 -
CLAIMS ON BANKS 138.7 2,308.1 471.1 2,522.2 3,082.0 2,145.9 3,013.7 6,399.1 9,085.4 13,171.3 18,384.1 12,663.3 20,183.1 51,827.1 86,569.3
i) Money at Call - 232.0 - 179.6 115.0 147.7 390.0 418.0 1,887.0 1,841.6 5,421.9 4,681.5 2,206.4 1.8 7,000.0
ii) Loans and Advances - - 11.0 1,583.8 78.0 - 330.0 1,324.0 1,450.0 - 707.2 1,457.2 - 1,000.0 -
iii) Commercial Bills: - - 460.1 693.8 2,789.0 1,998.2 2,293.7 4,657.1 5,748.4 10,407.9 5,421.8 3,238.6 17,976.7 11,886.8 79,569.3
a) Bankers Acceptances 138.7 2,076.1 410.1 555.4 2,789.0 1,998.2 2,293.7 4,657.1 5,748.4 10,407.9 5,421.8 3,238.6 1,221.2 - -
b) Promissory Notes - - 50.0 - - - - - - - - - - - -
c) Negotiable Certificate of Deposit - - - - - - - - - - - - - - -
d) Stabilisation Securities - - - 138.4 - - - - - - - - - - -
iv) Others - - - 65.0 100.0 - - - - - 4,105.1 0.2 - 38,938.5 -
CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - 252.0 338.8 0.1 - - - - - - - 100.0 - 1,784.2

Money at Call - - 252.0 338.7 - - - - - - - - 100.0 - -
Loans and Advances - - - - - - - - - - - - - - -
Commercial Bills: - - - 0.1 0.1 - - - - - - - - - -
a) Promissory Notes - - - - - - - - - - - - - - -
b) Negotiable Certificate of Deposit - - - 0.1 - - - - - - - - - - -
Others - - - - 0.1 - - - - - - - - - 1,784.2
CLAIMS ON OTHERS - - 915.8 1,890.7 1,777.6 1,442.2 1,854.3 5,723.2 4,811.0 5,036.7 3,391.9 6,249.1 6,976.9 20,348.7 21,102.5
Commercial Bills - - 915.8 1,865.7 1,580.0 1,237.9 1,854.3 5,723.2 2,448.3 5,036.7 3,073.9 5,752.9 6,351.3 18,791.2 15,835.2
Loans and Advances - - - 25.0 - - - - - - 313.6 491.9 625.6 1,557.5 5,267.2
Others (CBN Certificate) - - - - 197.6 204.3 - - 2,362.7 - 4.4 4.3 - - -
OTHER ASSETS 103.5 98.4 89.3 207.9 335.7 399.0 567.4 1,801.8 2,738.7 5,122.7 3,137.4 4,587.6 9,868.5 9,175.4 9,038.0
FIXED ASSETS - - 79.7 135.7 174.8 214.9 304.6 427.1 393.0 439.9 607.6 673.6 696.6 749.5 563.6
TOTAL ASSETS 4,461.8 9,583.2 3,431.9 11,778.4 6,976.1 7,852.6 15,049.6 30,260.8 32,353.7 57,282.9 52,731.2 67,346.2 99,303.6 186,531.3 298,266.0
ASSETS ON REPURCHASE TRANSACTION - - 12,190.1 32,426.9 35,010.9 59,098.5 89,336.4 126,802.3 128,995.0 99,369.7 116,192.8 113,051.1 53,278.7 76,393.5 256,795.7
Treasury Bills - - 7,012.9 24,955.3 14,300.6 19,179.3 50,910.2 50,937.8 47,716.4 58,839.1 55,235.9 51,381.9 5,658.5 20,885.1 134,105.6
Treasury Bills (Bonds) - - - - - - - - - - - - 13,728.4 - -
Fixed Buy Back Repo - - - - - - - 1,632.0 - 3,107.0 15.5 - - - -
Eligible Commercial Bills - - 5,177.2 7,471.6 20,710.3 1,005.0 33,304.2 74,232.5 81,278.6 33,756.0 60,941.4 60,155.8 33,891.8 55,508.4 99,604.3
Treasury Bills Repo with CBN - - - - - 38,914.2 4,172.0 - - 3,667.6 - - - - -
Treasury Bills Repo with other Discount House - - - - - - - - - - - 1,372.4 - - 23,085.8
Note: 1A new reporting format was introduced in June 1995
Table A.5.1: Summary of Assets/Liabilities of Discount Houses - Assets (N' Million)
2014 2015
ASSETS 2008 2009 2010 2011 2012 2013 Mar Jun Sep Dec ASSETS Mar '2A Jun Sep Dec '2A
CASH AND BALANCES WITH BANKS 7,240.0 2,398.3 5,917.8 2,415.5 4,315.2 1,278.5 3,107.0 1,345.9 1,065.1 1,111.3 CASH AND BALANCES WITH BANKS 1,084.8 2,377.5 872.1 633.2
i) Cash on hand 1.3 0.7 1.0 1.5 1.3 0.2 0.5 0.6 0.6 0.2 i) Cash on hand 0.1 0.2 2.4 2.8
ii) Balances with CBN 2,099.2 695.8 1,090.2 1,282.6 2,615.0 93.7 1,736.9 31.6 37.1 76.1 ii) Balances with CBN 1.4 468.1 1.4 1.8
iii) Balances with other banks 5,139.5 1,701.8 4,826.6 1,131.4 1,698.8 1,184.5 1,369.6 1,313.7 1,027.3 1,034.9 iii) Balances with other banks 1,083.4 1,909.2 868.3 628.7
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 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
i) Treasury Bills 45,578.1 52,366.0 60,883.4 60,768.4 124,865.7 31,359.9 61,763.8 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) Pledges - - - - - - - - - - a) Held for Trading 7,810.4 16,598.3 8,925.0 14,229.9
b) Unpledged 45,578.1 52,366.0 60,883.4 60,768.4 124,865.7 31,359.9 61,763.8 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) - - - - - - - - - - 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 30,977.1 41,231.9 35,092.6 ii) FGN Bond 18,070.2 32,760.0 19,529.4 19,064.5
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 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)
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 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
iii) Treasury Bonds - - - - - - - - - -
a) Pledges - - - - - - - - - - CLAIMS ON STATE GOVERNMENTS 2125.41 7184.22 7544.16 7544.16
b) Unpledged - - - - - - - - - - i) State Promissory Notes - - - -
iv) Eligible Development Stock - - - - - - - - - - a) Held for trading - - - -
b) Available for Sales - - - -
CLAIMS ON STATE GOVERNMENTS - - 1,350.0 5,186.8 5,696.4 2,536.7 2,728.5 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
i) State Promissory Notes - - - - - - - - - - a) Held for trading - - - -
ii Eligible State Bonds - - 1,350.0 5,186.8 5,696.4 2,536.7 2,728.5 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
CLAIMS ON BANKS 155,487.8 2,150.4 8,767.1 10,807.4 2,549.5 9,948.6 7,971.1 30,120.6 26,474.7 4,988.3 CLAIMS ON BANKS 27,347.5 43,419.4 30,540.5 39,455.7
i) Money at Call 20,121.9 - 6,700.0 10,751.9 250.0 9,948.6 7,971.1 30,120.6 26,209.5 4,723.1 i) Money at Call - - - -
ii) Loans and Advances 5,601.2 - 500.0 - - - - - - - ii) Loans and Receivables 25,810.5 33,929.2 29,680.5 38,595.7
iii) Commercial Bills: 129,764.7 2,150.4 1,019.9 - 1,523.8 - - - 265.2 265.2 iii) Commercial Bills: - - - -
a) Bankers Acceptances - - - - - - - - - - iv) Palcement 1,537.1 9,490.3 860.0 860.0
b) Promissory Notes - - - - - - - - - - iv) Others
c) Negotiable Certificate of Deposit - - - - - - - - - -
d) Stabilisation Securities - - - - - - - - - - CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - -
iv) Others - - 547.2 55.5 775.7 - - - - - Money at Call - - -
Loans and Receivables - - -
CLAIMS ON OTHER FINANCIAL INSTITUTIONS - - - - - - - - - - Commercial Bills: - - -
Money at Call - - - - - - - - - -
Loans and Advances - - - - - - - - - - CLAIMS ON NON FINANCIAL INSTITUTIONS - - -
Commercial Bills: - - - - - - - - - - Commercial Bills - - -
a) Promissory Notes - - - - - - - - - - Loans and Advances - - -
b) Negotiable Certificate of Deposit - - - - - - - - - -
Others - - - - - - - - - - OTHER INVESTMENTS 296.7 2,936.1 364.9 337.9
Other Investment (Quoted & Unquoted) 15.1 2,504.0 15.1 15.1
CLAIMS ON OTHERS 23,057.7 88,269.1 60,375.6 35,048.4 35,834.6 12,276.6 14,941.7 31,124.4 17,530.2 19,037.1 Staff Loans & Receivables 281.6 432.1 349.8 322.9
Commercial Bills 17,529.3 67,770.2 40,134.5 12,553.2 12,992.4 9,363.5 12,053.5 29,531.0 17,158.1 18,665.4
Loans and Advances 4,794.3 20,863.9 19,200.8 17,899.0 14,685.8 - - - - -
Others (CBN Certificate) 734.1 (365.0) 1,040.3 4,596.2 8,156.3 2,913.1 2,888.1 1,593.4 372.0 371.7
- - - -
OTHER ASSETS 13,401.0 22,250.1 23,745.4 42,436.2 26,121.0 12,053.8 13,506.3 12,100.4 12,698.6 10,069.5 OTHER ASSETS 9,292.7 17,148.7 11,947.8 10,155.1
FIXED ASSETS 665.0 653.1 1,207.4 1,581.3 3,378.7 1,274.1 1,250.0 1,224.5 1,200.6 1,237.8 FIXED ASSETS 794.0 2,424.4 786.4 775.9
TOTAL ASSETS 417,154.6 345,954.1 362,408.1 320,753.1 344,718.8 133,762.9 139,633.2 173,146.6 155,339.1 131,229.6 TOTAL ASSETS 109,418.8 175,410.0 104,027.1 110,269.4
ASSETS ON REPURCHASE TRANSACTION 465,618.1 109,864.0 60,271.0 106,713.2 87,326.5 27,658.3 14,939.6 7,737.1 7,354.3 3,163.0 ASSETS ON REPURCHASE TRANSACTION
Treasury Bills 159,023.0 64,755.0 25,797.4 71,025.0 33,578.5 20,570.0 9,113.0 5,811.0 6,865.0 - Treasury Bills
Treasury Bills (Bonds) - - - - - - - - - - Treasury Bills (Bond)
Fixed Buy Back Repo - - - - - - - - - - Fixed Buy Back Repo
Eligible Commercial Bills 60,401.6 26,777.9 34,473.6 23,039.1 35,334.4 7,088.3 5,826.6 1,926.1 489.3 3,163.0 Eligible Commercial Bills
Treasury Bills Repo with CBN - - - - - - - - - - Treasury Bills Repo with CBN
Treasury Bills Repo with other Discount House 246,193.5 18,331.1 - 12,649.1 18,413.5 - - - - - Treasury Bills Repo with other Discount Houses
Note: 1A new reporting format was introduced in June 1995
Note:2A new reporting format was introduced in March 2015 and Dec Figures are for October because Discount houses soped reporting on FinA
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Table A.5.2: Summary of Assets/Liabilities of Discount Houses - Liabilities (N' Million)
LIABILITIES 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
CAPITAL AND RESERVES 436.0 565.7 865.5 1,251.6 1,430.5 1,710.3 2,136.5 3,730.7 4,948.6 6,511.0 7,679.0 9,924.5 13,029.5
i) Paid-up Capital 385.0 437.5 667.5 948.5 950.3 1,059.6 1,425.5 2,321.4 2,876.5 3,327.3 4,469.7 6,577.8 8,818.0
ii) Statutory Reserves 0.5 18.5 51.0 127.8 141.2 220.0 329.9 563.0 1,000.0 1,457.2 1,274.1 2,289.7 2,275.8
iii) Share Premium - - 64.9 37.9 113.7 5.4 113.3 159.3 - 712.3 1,528.9 19.8 -
iv) Other Reserves 50.5 109.7 82.1 51.6 155.4 52.8 - - 150.9 158.8 - 285.9 1,000.2
v) General Reserve - - - 85.9 69.9 372.5 267.8 687.0 921.2 855.4 406.3 751.2 935.5
MONEY-AT-CALL 3,350.0 5,517.6 707.9 7,653.1 1,617.4 3,082.9 6,523.4 15,294.6 11,296.4 25,228.0 23,287.4 25,087.9 34,066.8
i) Commercial Banks - - 678.9 6,125.8 701.1 1,274.2 3,830.0 11,624.0 80,980.0 14,418.7 14,628.6 11,964.1 14,135.5
ii) Merchant Banks - - 25.0 313.2 5.8 464.0 726.0 1,297.0 804.1 6,792.1 5,424.1 8,254.0 16,150.5
iii) Non-Bank Financial Institutions - - 4.1 1,214.0 907.4 1,333.7 1,916.1 2,289.2 2,300.5 3,482.2 1,972.4 4,231.9 2,000.0
iv) Others - - - 0.1 3.1 5.5 43.0 39.5 93.8 535.0 1,262.3 638.0 1,780.8
v) Associated Treasury Notes - - - - - 5.5 8.3 44.9 - - - - -
OTHER AMOUNT OWING TO: - - - 251.2 2.6 231.5 2,179.9 5,941.1 6,735.8 18,453.2 10,740.5 22,447.5 39,974.2
i) Commercial Banks - - - - - 108.1 145.2 3,817.1 1,367.0 9,264.0 9,266.2 11,706.5 32,600.8
ii) Merchant Banks - - - - 1.0 - - 561.8 193.0 1,723.5 725.0 1,922.9 1,896.0
iii) Non-Bank Financial Institutions - - - 1.2 - - - - 987.6 - - - -
iv) Others - - - 250.0 1.6 123.4 2,034.7 1,562.2 4,188.2 7,465.7 749.3 8,818.0 5,477.4
BORROWINGS 2.9 2,347.5 610.0 13.4 2,219.9 3.3 24.6 475.6 16.8 11.4 8.1 11.1 3,461.1
i) Central Bank of Nigeria 2.6 - - - 2,016.3 - - - - - - - -
ii) Overdrafts - - - 13.4 3.6 3.3 24.6 449.6 16.8 11.4 8.1 11.1 3,461.1
iii) Other Banks 0.3 2,347.5 610.0 - 200.0 - - 26.0 - - - - -
OTHER LIABILITIES 672.9 1,152.4 1,248.4 2,609.2 1,705.7 2,824.6 4,185.2 4,818.8 9,356.1 7,079.2 11,016.2 9,875.3 8,772.0
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 32,353.7 57,282.9 52,731.2 67,346.2 99,303.6
LIABILITIES FOR ASSETS SUBJECT TO

REPURCHASE ARRANGEMENTS - - 12,190.1 32,426.9 35,010.9 59,098.5 89,336.4 126,802.3 128,995.6 30,559.9 116,192.9 113,051.1 32,612.6
- Repo with CBN - - - - 44.2 1.0 15,734.5 - - 1,228.4 - - -
- Repo with Banks - - 7,901.0 27,417.6 15,651.4 22,079.7 43,700.0 55,667.8 61,235.8 20,489.3 63,976.5 55,384.2 3,627.3
- Fixed Buy Back Repo - - - - - 1,005.0 750.0 1,632.0 - 6,403.0 15.5 141.0 11,689.7
- Repo with Discount Houses - - - 5,009.3 - 575.8 - - - - 5,660.5 1,372.4 -
- Repo with Others - - 4,289.1 - 19,315.3 35,437.0 29,151.7 69,502.5 67,759.7 2,439.2 46,540.4 56,153.5 17,295.6
Note: A new reporting format was introduced in March 2015.
/1 Last returns by Discount Houses were as at end-October 2015.
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Table A.5.2: Summary of Assets/Liabilities of Discount Houses - Liabilities (N' Million)
2014 2015
LIABILITIES 2006 2007 2008 2009 2010 2011 2012 2013 Mar Jun Sep Dec LIABILITIES Mar Jun Sep Dec /1
CAPITAL AND RESERVES 16,326.4 22,849.1 33,684.3 41,997.3 41,374.9 49,612.1 34,970.5 18,044.5 22,980.4 31,851.5 29,871.3 29,753.4 CAPITAL AND RESERVES 13,376.09 35,026.46 19,174.75 18,330.32
i) Paid-up Capital 9,780.7 11,086.5 11,544.6 14,590.6 15,590.6 15,645.2 15,480.0 6,784.6 6,784.6 8,854.1 8,854.2 8,854.1 i) Paid-up Capital 4,000.00 9,155.94 4,301.58 4,301.58
ii) Statutory Reserves 3,631.3 4,217.4 5,828.8 7,873.9 8,553.2 10,535.8 12,141.6 5,090.2 5,558.5 5,959.4 5,959.4 5,959.4 ii) Statutory Reserves 3,856.87 6,858.93 3,856.87 3,856.87
iii) Share Premium 50.3 1,614.6 1,737.3 4,737.3 4,737.3 4,737.3 4,737.3 3,090.3 3,090.3 6,418.6 6,418.6 6,331.2 iii) Share Premium/Bonus Issue 3,000.00 7,235.97 3,904.73 3,904.73
iv) Other Reserves 757.9 3,581.9 9,665.1 7,762.9 6,579.2 11,019.8 11,099.1 1,346.3 3,163.2 6,235.6 4,255.3 4,224.9 iv) Other Reserves 1,206.31 110.92 - -
v) General Reserve 2,106.2 2,348.6 4,908.5 7,032.6 5,914.7 7,674.0 (8,487.4) 1,733.1 4,383.8 4,383.8 4,383.8 4,383.8 v) Other Comprehensive Income - - 127.43 -
vi) Retained Earning 1,312.92 11,664.70 6,984.14 6,267.14
MONEY-AT-CALL 76,020.2 97,049.8 195,901.0 206,713.2 247,727.7 152,927.7 206,301.9 62,559.2 57,136.7 59,990.2 71,547.0 71,692.0
i) Commercial Banks 72,973.7 91,982.1 192,751.5 180,874.1 221,977.1 127,372.8 191,790.7 17,521.8 5,515.0 - 5,000.0 16,592.6 MONEY-AT-CALL 51,537.39 52,510.82 58,412.32 55,970.79
ii) Merchant Banks - - - - - - - - - - - - i) Commercial Banks - - - -
iii) Non-Bank Financial Institutions - 2,800.0 - - - - - - 48,687.7 55,568.7 62,336.6 49,024.5 ii) Merchant Banks
iv) Others 3,046.5 2,267.7 3,149.5 25,839.2 25,750.6 25,554.9 14,511.2 45,037.4 2,934.1 4,421.4 4,210.4 6,074.9 iii) Non-Bank Financial Institutions 51,537.39 52,510.82 58,412.32 55,970.79
v) Associated Treasury Notes - - - - - - - - - - - - iv) Discount Houses - - - -
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 45,715.4 46,261.1 29,591.5 23,495.4 TAKINGS: 5,613.14 33,895.14 1,084.22 93.68
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 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 13,720.9 1,000.0 - - - - - - - - - - iii) Non-Bank Financial Institutions 5,613.14 33,895.14 1,084.22 93.68
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 40,290.3 32,001.6 25,690.4 20,495.4
BORROWINGS 21,768.04 27,125.46 20,588.75 20,642.97
BORROWINGS 7.5 3,239.6 118,201.0 16.9 5,850.9 3,000.0 - - - 21,000.0 16,229.2 63.8 i) Central Bank of Nigeria - 4,605.78 - -
i) Central Bank of Nigeria - - - - - - - - - - - - ii) Banks 6,229.20 3,940.00 - -
ii) Overdrafts 7.5 - 85.4 16.9 0.9 - - - - - - 63.8 iii) Disount Houses - - - -
iii) Other Banks - 3,239.6 118,115.6 - 5,850.0 3,000.0 - - - 21,000.0 16,229.2 - iv) Non-Bank Financial Institution - - - -
v) Corporate Entities - - - -
OTHER LIABILITIES 12,261.4 16,548.0 27,222.4 27,758.8 44,622.9 60,970.7 46,987.6 13,140.7 13,800.6 14,043.8 8,100.1 6,224.9 vi) Individuals 15,538.84 18,579.68 20,588.75 20,642.97
TOTAL LIABILITIES 186,531.3 298,266.0 417,154.6 345,954.1 362,409.4 320,753.0 344,718.8 133,762.9 139,633.2 173,146.6 155,339.1 131,229.6 OTHER LIABILITIES 5,561.12 7,857.12 4,637.07 5,731.69
LIABILITIES FOR ASSETS SUBJECT TO TOTAL LIABILITIES 109,418.79 175,409.98 104,027.11 110,269.44
REPURCHASE ARRANGEMENTS 77,291.6 228,435.5 465,618.1 109,864.0 60,271.0 106,713.2 87,326.5 27,658.3 14,939.6 7,737.1 7,354.3 3,163.0
- Repo with CBN 6,083.3 - 10,500.0 - - 6,600.0 - - - - - - LIABILITIES FOR ASSETS SUBJECT TO 11,563.00 18,995.00 130.00 9,500.00
- Repo with Banks 15,700.0 149,445.9 - 64,750.0 25,009.9 66,425.0 38,686.0 20,570.0 9,113.0 5,811.0 6,865.0 - REPURCHASE ARRANGEMENTS - - - -
- Fixed Buy Back Repo - - - - - - - - - - - - - Repo with CBN 11,563.00 18,995.00 130.00 9,500.00
- Repo with Discount Houses - - 414,525.0 - - - - - - - - - - Repo with Banks
- Repo with Others 55,508.3 78,989.6 40,593.1 45,114.0 35,261.1 33,688.2 48,640.5 7,088.3 5,826.6 1,926.1 489.3 3,163.0 - Fixed Buy Back Repo
Source: Central Bank of Nigeria - Repo with Discount Houses
Note: A new reporting format was introduced in March 2015. - Repo with Others
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Table A.5.3: Selected Financial Ratios of Discount Houses
ITEM Target 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Assets Structure
Assets 4,029,614.0 7,125,921.0 1,552,642.0 6,479,674.0 1,498,180.0 3,031.7 3,317.0 15,292.0 13,098.0 32,771.0
Treasury Bills of Less Than 91 Days Maturity 4,029,614.0 7,125,921.0 1,552,642.0 6,479,674.0 1,498,180.0 3,031.7 3,317.0 15,292.0 13,098.0 32,771.0
Treasury Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Liabilities 3,352,974.0 7,865,119.0 1,317,937.0 7,917,603.0 3,841,902.0 3,317.7 3,517.0 21,711.0 18,049 43,693.0
Money at Call 3,350,050.0 5,517,625.0 707,937.0 7,653,068.0 1,619,311.0 3,082.9 3,276.0 15,295.0 11,296.0 25,228.0
Borrowings 2,924.0 2,347,494.0 610,000.0 13,354.0 2,219,959.0 3.3 12.0 476.0 17.0 11.0
Other Amounts Owing 0.0 0.0 0.0 251,181.0 2,632.0 231.5 229.0 5,941.0 6,736.0 18,453.0
Structure of Assets Ratio1 (%) 70.00 120.2 90.6 117.8 81.8 39.0 91.4 94.3 70.4 72.6 75.0
Total Borrowings & Amount Owing 2,924.0 2,347,494.0 610,000.0 264,535.0 2,222,591.0 234.8 241.0 6,417.0 6,773.0 18,465.0
Borrowings 2,924.0 2,347,494.0 610,000.0 13,354.0 2,219,959.0 3.3 12.0 476.0 17.0 11.0
Amount Owing 0.0 0.0 0.0 251,181.0 2,632.0 231.5 229.0 5,941.0 6,756.0 18,453.0
Capital & Reserves 436,003.0 565,672.0 865,474.0 1,251,646.0 1,430,542.0 1,710.3 2,077.0 3,731.0 4,949.0 6,511.0
Capital 385,000.0 437,500.0 667,450.0 948,500.0 950,355.0 1,059.6 1,419.0 2,321.0 2,876.5 3,327.0
Reserves 51,003.0 128,172.0 198,024.0 303,146.0 480,187.0 650.7 658.0 1,409.0 2,072.5 3,184.0
Gearing Ratio: x:1 x=50 0.0 4.2 0.7 0.2 0.1 0.1 0.1 1.7 1.4 2.8
Note: 1Target for Structure of Assets Ratio was set and retained at 70% between 1993 and 2002. It was changed to 60% in 2003.
Table A.3.4: Selected Financial Ratios of Discount Houses - Continued
2014 2015
ITEM Target 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Mar Jun Sep Dec Mar Jun Sep Dec /1
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 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
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 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
Treasury Bonds 0.0 0.0 0.0 1,863.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Liabilities 34,036.0 47,546.5 47,546.5 157,943.5 258,869.0 356,247.9 239,535.7 276,411.7 210,170.2 262,760.7 102,577.7 102,852.2 127,251.3 117,367.8 95,251.2 78,918.6 113,531.4 80,085.3 76,707.4
Money at Call 23,287.0 25,087.9 25,087.9 76,020.2 97,049.8 195,901.0 216,713.2 247,727.7 152,927.7 206,301.9 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
Borrowings 8.0 11.0 11.0 7.5 3,239.6 118,201.0 16.9 5,850.9 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
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 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
Structure of Assets Ratio1 (%) 60.00 69.8 80.1 80.1 45.6 44.6 12.8 28.0 22.0 28.9 47.5 30.6 60.1 50.2 44.8 60.4 63.9 59.2 40.5 42.1
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 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
Borrowings 8.0 11.0 11.0 7.5 3,239.6 118,201.0 16.9 5,850.9 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
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 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
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 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
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 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
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 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
Gearing Ratio: x:1 x=50 1.4 2.3 2.3 5.0 7.1 4.8 0.5 0.7 1.2 1.6 2.2 2.0 2.1 1.5 0.8 2.0 1.7 1.1 1.1
Notes: 1Target for Structure of Assets Ratio was set and retained at 70% between 1993 and 2002. It was changed to 60% in 2003.
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Table A.5.4: Summary of Assets and Liabilities
of Finance Houses (N' Billion)
ITEM 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
ASSETS
1. Liquid Assets 286.0 4,446.5 3,655.3 3,634.2 1,672.0 4,886.8 2,680.8 1,571.4 1,464.3 2,156.6 2,838.8
Cash in Hand 40.0 239.2 271.2 232.3 153.9 418.5 367.6 178.5 203.3 265.9 237.5
Balances with Banks 246.0 1,469.4 1,665.9 1,427.0 945.5 2,570.6 2,258.2 1,096.5 1,248.6 1,633.6 1,458.6
Placements with Other Finance Companies - 2,737.9 1,718.2 1,974.9 572.6 1,897.7 55.0 296.4 12.4 257.1 1,142.7
2. Domestic Credit 1,512.8 5,634.0 4,787.7 5,079.1 3,967.5 5,517.1 4,114.9 4,347.5 5,270.9 8,608.6 6,291.4
Investments 380.7 1,298.5 1,333.8 1,232.6 1,519.7 1,516.7 643.3 1,608.2 606.5 1,693.0 2,189.9
Net Loans & Advances 1,132.1 4,335.5 3,453.9 3,846.5 2,447.8 4,000.4 3,471.6 2,739.3 4,664.4 6,915.6 4,101.5
Equipment on Lease - - - - - - - - - - -
3. Other Assets 403.1 1,798.1 1,636.8 1,240.0 2,271.7 1,114.1 401.5 1,134.3 337.9 1,548.0 1,178.2
4. Fixed Assets 244.0 1,507.2 1,581.1 1,312.6 1,029.1 541.6 1,016.4 1,888.5 798.2 590.3 1,376.5
Total Assets 2,445.9 13,385.8 11,660.9 11,265.9 8,940.3 12,059.6 8,213.6 8,941.7 7,871.3 12,903.5 11,684.9
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 1,830.6 2,677.2 2,388.8
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 1,830.6 2,677.2 2,391.2
Reserves 21.7 - - - - - - - - - (2.4)
Published Current Year Profit/Loss - - - - - - - - - - -
2. Taking from Other Finance Companies - 1,592.2 1,434.7 1,239.0 351.4 98.9 159.2 251.3 130.8 51.9 69.9
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 4,856.1 8,195.9 7,403.4
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 1,053.8 1,978.5 1,822.8
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 7,871.3 12,903.5 11,684.9
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Table A.5.4: Summary of Assets and Liabilities
of Finance Houses (N' Billion)
ITEM 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
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 27,865.6 25,123.2 13,631.2 14,177.5 11,200.9 8,763.5 10,071.1 10,651.3
Cash in Hand 373.4 656.8 160.3 590.9 98.2 94.3 109.9 14.0 14.1 21.1 26.3 99.4 849.5 1,687.2 1,451.1
Balances with Banks 2,293.6 4,034.7 984.8 3,629.8 3,721.9 5,871.0 5,254.3 5,807.6 12,785.0 2,648.1 2,579.3 3,089.1 2,320.1 2,611.4 2,496.2
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 22,044.0 12,324.1 10,961.9 11,571.9 8,012.3 5,593.8 5,772.6 6,704.1
2. Domestic Credit 19,111.7 20,050.4 22,007.7 32,601.9 39,535.1 84,830.1 61,088.2 57,769.6 60,163.5 40,640.5 66,128.6 68,967.3 60,767.9 55,974.9 53,078.9
Investments 4,313.3 5,488.9 5,756.4 8,756.1 12,756.0 34,442.3 28,742.6 27,123.3 26,806.8 16,868.3 19,448.8 20,158.6 11,144.0 15,396.4 12,173.9
Net Loans & Advances 14,798.4 14,561.5 16,251.3 23,845.8 26,779.1 50,387.8 32,345.6 30,646.3 33,356.7 23,772.2 46,679.8 48,808.7 49,623.9 40,578.5 40,905.0
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 19,099.9 19,819.3 15,451.0 15,197.7 27,845.0 26,931.7 41,840.7 37,553.6
4. Fixed Assets 2,371.2 2,689.0 2,801.4 4,341.3 3,687.6 6,881.2 7,593.4 9,046.5 9,814.7 8,584.8 7,548.6 11,576.4 10,893.1 13,909.0 38,078.1
Total Assets 29,606.0 34,504.7 37,460.6 54,339.1 65,804.7 134,180.1 118,136.4 113,781.6 114,920.7 78,307.5 103,052.3 119,589.6 107,356.2 121,795.7 139,361.9
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 10,216.1 10,996.0 13,008.7 18,276.2 18,453.1 21,655.9 21,872.0 26,695.7
Paid - Up Capital 6,361.4 7,920.0 8,390.4 11,185.6 7,435.8 13,253.6 17,093.6 19,542.4 20,002.3 13,763.0 14,688.0 16,116.4 14,052.2 19,180.4 19,062.2
Reserves - (161.8) 1,177.2 185.8 7,132.6 11,947.9 (5,108.8) (9,326.3) (9,006.3) (754.4) 3,588.2 2,336.8 7,603.7 2,691.6 7,633.4
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 8,351.3 8,330.3 574.4 742.6 3,627.7 1,553.1 1,603.5 3,234.5
4. Total Borrowings 19,616.6 21,394.2 22,797.5 34,647.1 39,948.5 83,132.9 87,698.7 81,232.1 78,552.1 47,578.8 59,220.8 68,420.2 62,028.9 71,530.0 80,468.5
5. Other Liabilities 3,602.8 5,207.2 5,095.5 8,193.2 10,842.7 18,736.8 10,255.1 13,982.1 17,042.3 17,145.6 24,812.7 29,088.6 22,118.3 26,790.2 28,963.0
Total Liabilities 29,606.0 34,504.7 37,460.6 54,339.1 65,804.7 134,180.1 118,136.4 113,781.6 114,920.7 78,307.5 103,052.3 119,589.6 107,356.2 121,795.7 139,361.7
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Table A.5.5: Number of Development & Specialised
Banks/Institutions
BANKS / INSTITUTIONS 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
DEVELOPMENT BANKS 1 2 2 2 3 4 4 4 4 4
Educational Bank - - - - - 1 1 1 1 1
Urban Development Bank - - - - 1 1 1 1 1 1
Nigerian Export and Import Bank - 1 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 1
SPECIALISED BANKS: 169 287 629 1150 1245 1630 1646 1293 1293 1292
Community Banks (Microfinance Banks) 0 66 401 879 970 1355 1368 1015 1015 1014
Peoples Bank ( Branches ) 169 221 228 271 275 275 278 278 278 278
SPECIALISED FINANCIAL INSTITUTIONS: 84 127 872 674 680 657 564 478 540 541
Finance Houses 618 310 290 279 279 270 279 280
Insurance Companies (Reporting) 80 100 105 105 103 90 90 83 57 57
Discount Houses - - - 3 4 4 5 5 5 5
Primary Mortgage Institutions - 23 145 252 279 280 186 115 194 194
National Economic Reconstruction Fund (NERFUND) 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
Nigeria Deposit Insurance Company (NDIC) 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
National Insurance Commission (NAICOM) 1 1 1
National Pension Commission (PENCOM)
Pension Fund Administrators
Pension Fund Custodians
Closed Pension Fund Administrators
Note: Community Banks transformed to Microfinance Banks in December 2006
Table A.3.7: Number of Development & Specialised
Banks/Institutions
BANKS / INSTITUTIONS 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
DEVELOPMENT BANKS 4 4 4 6 6 6 6 5 5 5 5 5 5 5 5 5 5 6
Educational Bank 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0
Urban Development Bank (The Infrastructure Bank) 1 1 1 1 1 1 1 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 1 1 1 1 1 1 1
Bank of Industry - - - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Nigeria Agric. Credit Dev. Bank (Bank of Agriculture) - - - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Federal Mortgage Bank 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Development Bank of Nigeria - - - - - - - - - - - - - - - - - 1
SPECIALISED BANKS: 1159 747 769 774 753 757 750 709 695 828 801 821 883 825 891 948 987 987
Community Banks (Microfinance Banks) 881 747 769 774 753 757 750 709 695 828 801 821 883 825 891 948 987 987
Peoples Bank ( Branches ) 278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SPECIALISED FINANCIAL INSTITUTIONS: 541 244 249 252 304 316 338 315 298 310 311 323 249 247 239 236 235 250
Finance Houses /1 280 98 102 104 107 112 112 112 114 114 114 114 65 67 69 66 66 70
Insurance Companies (Reporting) 57 57 57 57 103 103 103 77 54 49 49 61 60 53 48 49 49 60
Discount Houses 5 5 5 5 5 5 5 5 5 5 5 5 5 2 2 1 0 0
Primary Mortgage Banks /2 194 79 80 81 83 90 91 93 81 98 102 102 82 82 82 82 82 82
National Economic Reconstruction Fund (NERFUND) 1 1 1 1 1 1 1 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 1 1 1 1 1 1 1
Nigeria Deposit Insurance Company (NDIC) 1 1 1 1 1 1 1 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 1 1 1 1 1 1 1
National Insurance Commission (NAICOM) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
National Pension Commission (PENCOM) - - - - 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Pension Fund Administrators - - - - - - 13 12 26 26 24 24 20 26 21 21 21 21
Pension Fund Custodians - - - - - - 4 4 5 5 4 4 4 4 4 4 4 4
Closed Pension Fund Administrators - - - - - - 4 6 7 7 7 7 7 7 7 7 7 7
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

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Table A.5.6: Transactions at the Nigerian Stock Exchange
Number of Deals Value (N' Million)
Year
Second Second Tier
Tier Bond Equities Total Securities Bond Equities Total
Industrial Securities Industrial
Govt. Loan Govt. Loan
1981 118 10,081 - 10,199 298.7 6.1 - 304.8
1982 184 9,830 - 10,014 207.0 8.0 - 215.0
1983 292 11,633 - 11,925 384.8 13.1 - 397.9
1984 194 17,250 - 17,444 240.9 15.6 - 256.5
1985 340 23,231 - 23,571 295.3 21.3 - 316.6
1986 270 27,448 - 27,718 477.6 20.3 - 497.9
1987 294 42 20,189 20,525 340.0 42.4 - 382.4
1988 100 - 21,460 21,560 215.8 9.7 624.8 850.3
1989 171 - 33,273 33,444 582.4 0.0 27.9 610.3
1990 118 49 39,103 39,270 124.3 34.2 66.9 225.4
1991 45 9 41,716 41,770 92.7 6.0 143.4 242.1
1992 71 14 48,944 49,029 85.0 6.7 400.0 491.7
1993 39 28 40,331 40,398 84.7 263.5 456.2 804.4
1994 16 48 42,010 42,074 15.2 177.1 793.6 985.9
1995 - 15 49,549 49,564 - 50.8 1,788.0 1,838.8
1996 11 15 49,489 49,515 12.0 50.8 6,916.8 6,979.6
1997 6 5 78,078 78,089 72.6 35.3 10,222.6 10,330.5
1998 1 3 84,931 84,935 15.6 0.2 13,555.3 13,571.1
1999 4 - 123,505 123,509 0.8 - 14,071.2 14,072.0
2000 8 - 256,515 256,523 8.1 - 28,145.0 28,153.1
2001 14 - 426,149 426,163 35.6 - 57,648.2 57,683.8
2002 3 - 451,847 451,850 2.3 0.3 59,404.1 59,406.7
2003 1 19 621,697 621,717 3.0 6,517.1 113,882.5 120,402.6
2004 3 13 973,510 973,526 317.5 1,730.0 223,772.5 225,820.0
2005 4 19 1,021,943 1,021,967 7,319.9 932.8 254,683.1 262,935.8
2006 5 1 1,367,948 1,367,954 1,593.0 72.0 468,588.4 470,253.4
2007 - 37 2,614,983 2,615,020 - 1,136.5 1,074,883.9 1,076,020.4
2008 - 138 3,535,493 3,535,631 1.0 3,528.9 1,675,613.8 1,679,143.7
2009 - 15 1,043 1 1,738,306 1,739,365 - 412.8 1,372.3 0.1 683,932.1 685,717.3
2010 5 - 1,182 2 1,924,125 1,925,314 14.1 - 702.5 - 799,194.3 799,911.0
2011 - 33 253 - 1,235,181 1,235,467 - 17.1 154.7 - 638,753.9 638,925.7
2012 44 - 196 2 1,146,932 1,147,174 7.2 - 4.6 1.0 808,420.6 808,991.4
2013 1,155 - 924 82 3,222,478 3,224,639 292.3 - 61.1 23.1 2,350,499.2 2,350,875.7
2014 200 - 0 0 1,211,069 1,211,269 307.0 - - - 1,334,476.1 1,334,783.1
2015 127 - 0 6 955,517 955,650 382.6 - - 58.5 960,780.4 961,221.5
Source: Nigerian Stock Exchange
Notes: Industrial loans figure for 1961-1986 includes equities
1
Provisional
Active Trading Started in June 1961
Exchange Trust Fund (ETF) is an investment instrument introduced in 2011
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Table A.5.7: All Share Index on the Nigerian Stock Exchange
Year January February March April May June July August September October November December
1985 111.3 112.2 113.4 115.6 116.5 116.3 117.2 117.0 116.9 119.1 124.6 127.3
1986 134.6 139.7 140.8 146.2 144.2 147.4 150.9 151.0 155.0 160.9 163.3 163.8
1987 166.9 166.2 161.7 157.5 154.2 196.1 193.4 193.0 194.9 154.8 193.4 190.9
1988 190.8 191.4 195.5 200.1 199.2 206.0 211.5 217.6 224.1 228.5 231.4 233.6
1989 239.7 251.0 256.9 257.5 257.1 259.2 269.2 281.0 279.9 298.4 311.2 325.3
1990 343.0 349.3 356.0 362.0 382.3 417.4 445.4 463.6 468.2 480.3 502.6 513.8
1991 528.7 557.0 601.0 625.0 649.0 651.8 688.0 712.1 737.3 757.5 769.0 783.0
1992 794.0 810.7 839.1 844.0 860.5 870.8 879.7 969.3 1,022.0 1,076.5 1,098.0 1,107.6
1993 1,113.4 1,119.9 1,130.5 1,147.3 1,186.9 1,187.5 1,180.8 1,195.5 1,217.3 1,310.9 1,414.5 1,543.8
1994 1,666.3 1,715.3 1,792.8 1,845.6 1,875.5 1,919.1 1,926.3 1,914.1 1,956.0 2,023.4 2,119.3 2,205.0
1995 2,285.3 2,379.8 2,551.1 2,785.5 3,100.8 3,586.5 4,314.3 4,664.6 4,858.1 5,068.0 5,095.2 5,092.2
1996 5,135.1 5,180.4 5,266.2 5,412.4 5,704.1 5,798.7 5,919.4 6,141.0 6,501.9 6,634.8 6,775.6 6,992.1
1997 7,268.3 7,699.3 8,561.4 8,729.8 8,592.3 8,459.3 8,148.8 7,682.0 7,130.8 6,554.8 6,395.8 6,440.5
1998 6,435.6 6,426.2 6,298.5 6,113.9 6,033.9 5,892.1 5,817.0 5,795.7 5,697.7 5,671.0 5,688.2 5,672.7
1999 5,494.8 5,376.5 5,456.2 5,315.7 5,315.7 5,977.9 4,964.4 4,946.2 4,890.8 5,032.5 5,133.2 5,266.4
2000 5,752.9 5,955.7 5,966.2 5,892.8 6,095.4 6,466.7 6,900.7 7,394.1 7,298.9 7,415.3 7,164.4 8,111.0
2001 8,794.2 9,180.5 9,159.8 9,591.6 10,153.8 10,937.3 10,576.4 10,329.0 10,274.2 11,091.4 11,169.6 10,963.1
2002 10,650.0 10,581.9 11,214.4 11,399.1 11,486.7 12,440.7 12,458.2 12,327.9 11,811.6 11,451.5 11,622.7 12,137.7
2003 13,298.8 13,668.8 13,531.1 13,488.0 14,086.3 14,565.5 13,962.0 15,426.0 16,500.5 18,743.5 19,319.3 20,128.9
2004 22,712.9 24,797.4 22,896.4 25,793.0 27,730.8 28,887.4 27,062.1 23,774.3 22,739.7 23,354.8 23,270.5 23,844.5
2005 23,078.3 21,953.5 20,682.4 21,961.7 21,482.1 21,564.8 21,911.0 22,935.4 24,635.9 25,873.8 24,355.9 24,085.8
2006 23,679.4 23,843.0 23,336.6 23,301.2 24,745.7 26,316.1 27,880.5 33,096.4 32,554.6 32,643.7 32,632.5 33,189.3
2007 36,784.5 40,730.7 43,456.1 47,124.0 49,930.2 51,330.5 53,021.7 50,291.1 50,229.0 50,201.8 54,189.9 57,990.2
2008 54,189.9 65,652.4 63,016.6 59,440.9 58,929.0 55,949.0 53,110.9 47,789.2 46,216.1 36,325.9 33,025.8 31,450.8
2009 21,813.8 23,377.1 19,851.9 21,491.1 29,700.2 26,861.6 25,286.6 23,009.1 22,065.0 21,804.7 21,010.3 20,827.2
2010 22,594.0 22,985.0 25,966.3 26,453.2 26,183.2 25,384.1 25,844.2 24,268.2 23,050.6 25,042.2 24,764.7 24,770.5
2011 26,830.7 26,016.8 24,621.2 25,041.7 25,866.6 24,980.2 23,827.0 21,497.6 20,373.0 20,935.0 20,003.4 20,730.6
2012 20,875.8 20,123.5 20,652.5 22,045.7 22,066.4 21,599.6 23,061.4 23,750.8 26,011.6 26,430.9 26,494.4 28,078.8
2013 31,853.2 33,075.1 33,536.3 33,440.6 37,794.8 36,164.3 37,914.3 36,248.5 36,585.1 37,622.7 38,920.9 41,329.2
2014 40,571.6 39,558.9 38,748.0 38,492.1 41,474.4 42,482.5 42,097.5 41,532.3 41,210.1 37,550.2 34,543.1 34,657.2
2015 29,562.1 30,103.8 31,744.8 34,708.1 34,310.4 33,456.8 30,180.3 29,684.8 31,217.8 29,177.7 27,617.5 28,642.3
2016 23,916.2 24,570.7 25,306.2 25,062.4 27,663.2 29,597.8 28,009.9 27,599.0 28,335.4 27,220.1 25,333.4 26,874.6
2017 26,036.2 25,329.1 25,516.3 25,758.5 29,498.3 33,117.5 36,864.7 35,504.6 35,440.0 36,680.3 37,944.6 38,243.2
Note: All Share Index started in January, 1985
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Table A.5.8: Total Annual Market Capitalization on The Nigerian Stock Exchange (N' Billion)
Government
Year Stocks/Securities Debt/Bonds ETF Equities Total
1981 3.1 - 1.9 5.0
1982 3.0 1.0 1.0 5.0
1983 3.5 - 2.2 5.7
1984 2.9 0.2 2.4 5.5
1985 3.5 0.4 2.7 6.6
1986 2.7 0.4 3.7 6.8
1987 4.2 - 4.0 8.2
1988 4.5 0.4 5.1 10.0
1989 4.2 0.6 8.0 12.8
1990 3.4 0.8 12.1 16.3
1991 3.3 1.4 18.4 23.1
1992 3.2 1.8 26.2 31.2
1993 3.6 2.1 41.8 47.5
1994 3.2 2.1 61.0 66.3
1995 3.2 2.1 175.1 180.4
1996 3.0 3.0 279.8 285.8
1997 2.8 2.8 276.3 281.9
1998 2.7 3.1 256.8 262.6
1999 2.4 3.1 294.5 300.0
2000 2.1 4.1 466.1 472.3
2001 8.3 5.8 648.4 662.5
2002 12.7 3.5 748.7 764.9
2003 25.2 8.4 1,325.7 1,359.3
2004 178.1 7.9 1,926.5 2,112.5
2005 365.5 9.8 2,523.5 2,900.1
2006 903.0 3.5 4,227.1 5,120.9
2007 2,976.6 17.0 10,180.3 13,181.7
2008 2,559.0 16.4 6,957.5 9,563.0
2009 2,030.8 10.1 4,989.4 7,030.8
2010 1,939.3 56.4 7,913.8 9,918.2
2011 2,400.5 1,341.3 1.0 6,532.6 10,275.3
2012 4,425.0 1,400.4 1.0 8,974.4 14,800.9
2013 4,456.9 1,394.0 0.3 13,226.0 19,077.4
2014 5,248.0 145.0 4.5 11,477.7 16,875.1
2015 6,942.9 205.9 4.0 9,850.6 17,003.4
2016 6,652.0 282.0 4.8 9,246.9 16,185.7
2017 7,236.2 276.5 6.7 13,609.5 21,128.9
Note: Exchange Trust Fund (ETF) is an investment instrument introduced in 2011
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Table A.5.9: Nigerian Stock Exchange Market Capitalization - Equities Only (N' Billion)
Year January February March April May June July August September October November December
1985 4.8 4.9 4.9 5.0 5.0 5.0 5.1 5.1 5.1 5.2 5.4 5.5
1986 5.8 6.0 6.1 6.3 6.2 6.4 6.5 6.5 6.7 7.0 7.1 7.1
1987 7.2 7.2 7.0 6.8 6.7 8.5 8.4 8.4 8.4 6.7 8.4 8.3
1988 8.3 8.3 8.5 8.7 8.6 8.9 9.2 9.4 9.7 9.9 10.0 10.1
1989 10.4 10.9 11.1 11.1 11.1 11.2 11.6 12.2 12.1 12.9 13.5 14.1
1990 14.8 15.1 15.4 15.7 16.5 18.1 19.3 20.1 20.3 20.8 21.7 22.2
1991 22.9 24.1 26.0 27.0 28.1 28.2 29.8 30.8 31.9 32.8 33.3 33.9
1992 34.4 35.1 36.3 36.5 37.2 37.7 38.1 41.9 44.2 46.6 47.5 47.9
1993 48.2 48.5 48.9 49.6 51.4 51.4 51.1 51.7 52.7 56.7 61.2 66.8
1994 72.1 74.2 77.6 79.9 81.2 83.0 83.4 82.8 84.6 87.6 91.7 95.4
1995 98.9 103.0 110.4 120.5 134.2 155.2 186.7 201.9 210.2 219.3 220.5 220.4
1996 222.2 224.2 227.9 234.2 246.8 250.9 256.2 265.8 281.4 287.1 293.2 302.6
1997 314.5 333.2 370.5 377.8 371.8 366.1 352.6 332.4 308.6 283.7 276.8 278.7
1998 278.5 278.2 272.6 264.6 261.2 255.3 252.2 255.1 251.9 251.7 256.4 256.9
1999 247.6 242.7 246.3 240.1 222.1 280.9 236.7 236.1 233.4 243.7 280.2 294.1
2000 321.3 332.6 333.2 329.1 340.4 361.1 394.9 423.1 417.6 425.8 411.4 466.1
2001 506.1 542.8 541.5 567.1 600.3 646.6 625.3 610.7 607.4 655.7 660.7 648.4
2002 629.9 625.9 663.3 680.9 679.4 742.0 751.9 754.8 723.2 706.4 716.9 748.7
2003 841.2 864.6 846.9 840.1 877.3 896.9 859.7 949.9 1,028.5 1,168.3 1,250.3 1,324.9
2004 1,534.9 1,740.2 1,635.0 1,833.0 1,977.4 2,066.0 1,919.3 1,686.1 1,688.0 1,824.0 1,872.0 1,925.9
2005 1,863.7 1,783.2 1,680.0 1,798.7 1,844.6 1,886.2 1,951.3 2,076.6 2,362.9 2,578.5 2,452.4 2,523.5
2006 2,566.4 2,574.1 2,510.8 2,611.4 2,803.6 2,958.6 3,170.7 3,829.2 4,083.7 4,027.0 3,937.8 4,227.1
2007 4,976.3 5,510.2 6,150.0 6,745.5 7,383.1 7,817.9 8,262.8 7,819.7 8,020.6 8,047.4 8,990.8 10,180.3
2008 10,692.7 12,503.2 12,125.9 11,491.3 11,614.5 10,920.3 10,640.6 9,744.5 9,836.9 7,969.1 7,305.9 6,957.5
2009 4,879.1 5,231.9 4,483.5 4,883.3 6,759.6 5,986.3 5,796.5 5,274.4 5,130.3 5,144.0 4,998.1 4,989.4
2010 5,441.6 5,535.7 6,280.6 6,398.4 6,368.8 6,174.4 6,320.6 5,946.8 5,648.3 7,982.5 7,908.3 7,913.8
2011 8,744.2 8,315.6 7,866.6 8,000.9 8,270.5 7,987.1 7,621.7 6,876.6 6,496.7 6,626.8 6,294.9 6,532.6
2012 6,579.1 6,342.0 6,549.8 7,030.6 7,042.8 6,895.3 7,340.1 7,560.1 8,282.3 8,422.7 8,465.6 8,974.4
2013 10,191.3 10,583.8 10,733.3 10,691.7 12,075.2 11,426.3 12,007.2 11,496.6 11,652.9 12,020.9 12,448.9 13,226.0
2014 13,005.5 12,706.8 12,445.7 12,671.6 13,694.7 14,027.7 13,900.5 13,713.9 13,607.4 12,437.0 11,404.3 11,477.7
2015 9,846.6 10,044.6 10,717.5 11,787.0 11,658.8 11,421.0 10,344.4 10,336.9 10,728.9 10,027.8 9,495.5 9,850.6
2016 8,225.2 8,452.5 8,704.9 8,621.0 9,500.9 10,165.3 9,620.0 9,478.9 9,733.4 9,349.6 8,720.8 9,246.9
2017 8,973.0 8,765.9 8,829.0 8,912.9 10,197.7 11,452.1 12,705.4 12,237.5 12,216.9 12,694.9 13,214.6 13,609.5
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Table A.5.10: Income and Expenditure of Insurance Companies in Nigeria (N' Million)
Income Expenditure
Wholly Joint Foreign1 All Wholly Joint Foreign1 All
Year Nigerian Companies Nigerian Companies
1981 151.2 89.5 0.0 240.7 105.7 69.0 0.0 174.7
1982 159.6 100.0 0.0 259.5 109.3 80.2 0.0 189.5
1983 172.0 56.7 0.0 228.6 164.3 49.1 0.0 213.3
1984 140.6 97.0 0.0 237.6 111.8 76.2 0.0 188.1
1985 118.6 86.5 0.0 205.1 123.2 73.6 0.0 196.7
1986 148.8 114.9 0.0 263.7 128.3 93.9 0.0 222.2
1987 259.7 160.3 0.0 420.0 163.8 106.9 0.0 270.7
1988 300.4 206.3 0.0 506.7 223.7 133.8 0.0 357.5
1989 507.5 194.3 0.0 701.8 420.5 156.9 0.0 577.4
1990 657.2 391.3 0.0 1,048.4 439.6 259.0 0.0 698.6
1991 842.4 491.9 0.0 1,334.2 605.6 352.1 0.0 957.8
1992 1,501.2 1,016.7 0.0 2,517.9 1,459.8 1,022.7 0.0 2,482.5
1993 5,087.3 813.9 0.0 5,901.3 5,308.9 666.9 0.0 5,975.7
1994 13,649.5 1,022.2 0.0 14,671.7 2,934.9 863.9 0.0 3,798.9
1995 13,520.9 1,066.7 0.0 14,587.6 4,306.0 1,059.1 0.0 5,365.1
1996 11,202.5 1,948.1 0.0 13,150.6 4,533.9 1,382.2 0.0 5,916.1
1997 13,405.8 3,113.2 0.0 16,519.0 4,870.7 1,628.7 0.0 6,499.4
1998 14,756.8 3,089.7 0.0 17,846.5 5,450.0 1,724.3 0.0 7,174.3
1999 2 8,996.1 1,883.5 0.0 10,879.6 4,499.6 1,423.6 0.0 5,923.2
2000 11,615.5 2,432.0 0.0 14,047.5 4,276.5 1,353.0 0.0 5,629.5
2001 15,248.1 3,192.6 0.0 18,440.7 4,641.9 1,468.6 0.0 6,110.5
2002 18,131.4 3,796.2 0.0 21,927.6 5,955.5 1,884.2 0.0 7,839.7
2003 30,435.3 6,372.3 0.0 36,807.7 7,152.3 2,262.9 0.0 9,415.2
2004 34,258.4 7,172.8 0.0 41,431.2 9,179.7 2,904.3 0.0 12,084.0
2005 41,631.7 8,716.6 0.0 50,348.3 9,421.6 2,980.8 0.0 12,402.4
2006 42,880.6 8,978.1 0.0 51,858.7 9,704.2 3,070.2 0.0 12,774.5
2007 N/A N/A N/A 105,379.3 N/A N/A N/A 25,133.2
2008 N/A N/A N/A 157,206.0 N/A N/A N/A 37,412.6
2009 N/A N/A N/A 189,960.5 N/A N/A N/A 61,969.2
2010 N/A N/A N/A 200,376.0 N/A N/A N/A 53,815.4
2011 N/A N/A N/A 233,752.9 N/A N/A N/A 60,204.8
Sources: Central Bank of Nigeria Annual Survey and National Insurance Commission (NAICOM) Annual Reports
Notes: CBN had not conducted Insurance Annual Survey since 1999
1
Wholly Foreign owned insurance companies ceased to exist in Nigeria since the promulgation of the Nigerian Enterprises Promotion Decree of 1977
2
The Annual Reports of National Insurrance Commission for 2012, 2013 & 2014 were yet to be released.
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Table A.5.11: Sources of Income of Insurance Companies in Nigeria - All Companies 1 (N' Million)
General (Non Life) Life
Sub Total Motor Employers Other Income Interest Sub Total
Total
Premiums Fire Accident Vehicle Liabilities Marine Oil & Gas Misce- Sub Total Dividend Other Income
Year (A) llaneous (B) & Rents Receipts ( C ) (A + B + C)
1981 234.1 22.1 27.9 116.4 10.0 42.1 0.0 15.5 6.6 3.2 3.4 0.0 240.7
1982 248.8 27.5 28.4 121.4 11.0 43.2 0.0 17.2 10.7 4.0 6.8 0.0 259.5
1983 191.8 26.4 24.9 115.7 6.7 -2.9 0.0 21.0 36.8 4.1 32.8 0.0 228.6
1984 205.7 28.3 28.7 94.2 6.1 24.6 0.0 23.7 31.9 4.8 27.2 0.0 237.6
1985 195.3 35.6 29.4 99.3 6.1 12.2 0.0 12.6 9.8 4.6 5.2 0.0 205.1
1986 254.2 41.6 30.2 104.7 5.8 34.7 0.0 37.1 9.5 5.1 4.4 0.0 263.7
1987 406.5 75.1 47.8 126.8 6.6 95.1 0.0 55.1 13.5 6.9 6.5 0.0 420.0
1988 486.6 82.7 58.4 151.5 10.8 103.5 0.0 79.7 20.0 11.3 8.7 0.0 506.7
1989 673.1 154.9 111.3 161.9 13.1 149.5 0.0 82.4 28.7 15.2 13.4 0.0 701.8
1990 1,013.7 194.4 124.2 343.9 11.7 188.6 0.0 150.9 34.8 23.8 11.0 0.0 1,048.4
1991 1,296.2 233.4 176.3 501.8 38.2 213.2 0.0 133.4 38.0 20.9 17.1 0.0 1,334.2
1992 2,445.7 839.2 249.8 906.3 24.2 363.5 0.0 62.7 72.2 58.3 13.9 0.0 2,517.9
1993 4,931.9 543.5 605.5 1,908.0 95.7 566.6 0.0 1,212.7 969.3 877.3 92.0 0.0 5,901.3
1994 14,519.1 535.5 602.8 2,284.9 62.1 10,703.5 0.0 330.3 152.5 70.5 82.0 0.0 14,671.7
1995 13,525.1 782.0 763.1 2,346.8 99.5 9,083.4 0.0 450.4 1,062.5 884.8 177.8 0.0 14,587.6
1996 11,091.3 1,822.2 1,832.6 3,384.7 160.4 2,772.0 0.0 1,119.5 2,059.2 566.2 1,493.1 0.0 13,150.6
1997 10,941.6 2,068.1 1,286.3 3,771.2 565.6 1,786.4 0.0 1,463.9 5,577.4 159.6 5,417.8 0.0 16,519.0
1998 11,688.3 2,385.1 1,717.8 3,616.4 514.3 1,624.0 0.0 1,830.6 6,158.2 173.0 5,985.3 0.0 17,846.5
1999 2 14,597.3 2,920.5 2,351.9 6,293.1 244.3 2,349.7 0.0 437.8 46.6 46.6 0.0 0.0 14,643.9
2000 22,531.5 3,449.8 2,872.6 7,404.0 260.7 3,103.4 0.0 5,441.1 0.0 0.0 0.0 0.0 22,531.5
2001 28,981.3 3,807.9 3,888.0 10,101.8 384.2 3,997.1 0.0 6,802.3 0.0 0.0 0.0 0.0 28,981.3
2002 37,765.9 4,908.3 4,918.7 11,715.5 402.3 4,269.5 0.0 11,551.6 0.0 0.0 0.0 0.0 37,765.9
2003 43,441.8 5,940.7 5,812.7 12,871.6 512.6 7,219.7 0.0 11,084.6 502.9 502.9 0.0 0.0 43,944.7
2004 50,100.8 6,965.1 8,370.9 15,482.4 682.9 7,959.8 0.0 10,639.7 395.1 395.1 0.0 0.0 50,495.9
2005 67,465.6 12,252.6 11,050.1 16,322.6 758.5 10,983.4 0.0 16,098.4 280.8 280.8 0.0 0.0 67,746.3
2006 81,583.8 11,970.6 15,239.8 20,735.0 912.7 10,493.4 0.0 22,232.3 778.1 778.1 0.0 0.0 82,361.9
2007 89,104.9 11,458.4 16,566.7 25,771.4 992.3 10,757.8 0.0 23,558.2 0.0 0.0 0.0 16,274.4 105,379.3
2008 126,470.3 17,454.9 23,208.4 38,701.2 1,005.2 16,510.3 19,249.0 10,341.4 0.0 0.0 0.0 30,735.7 157,206.0
2009 153,127.1 19,535.0 25,918.9 43,784.2 895.6 17,191.1 35,064.8 10,737.6 0.0 0.0 0.0 36,833.3 189,960.5
2010 157,336.8 24,250.0 27,816.2 43,925.7 1,437.5 21,264.6 30,509.3 8,133.7 0.0 0.0 0.0 43,039.2 200,376.0
2011 175,756.8 24,990.0 30,706.7 45,421.8 1,008.9 22,558.8 37,289.4 13,781.2 0.0 0.0 0.0 57,996.1 233,752.9
All Companies comprises Nigerian, Foreign and Jointly owned companies
1
Wholly Foreign owned insurance companies ceased to exist in Nigeria since the promulgation of the Nigerian Enterprises Promotion Decree of 1977
2
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Table A.5.12: Breakdown of Total Expenditure of Insurance Business - All Companies 1 (N' Million)
General (Non-Life) Life
Motor Other Total
Claims Fire Accident Employers Marine Oil and Gas Misce- Management Net Other
Expenditure Expenditure
Year (A) Vehicle Liabilities llaneous (B) Expenses Commission Expenses (C) (A+B+C)
1981 74.2 6.3 3.7 47.0 1.3 10.0 0.0 6.0 100.5 86.4 5.6 8.5 0.0 174.7
1982 79.2 6.8 5.5 44.7 1.5 10.4 0.0 10.4 110.4 99.7 10.4 0.3 0.0 189.5
1983 78.6 6.0 5.6 55.6 1.2 5.4 0.0 4.8 134.8 106.2 21.5 7.1 0.0 213.3
1984 77.7 5.3 6.3 53.7 1.2 8.0 0.0 3.2 110.3 84.5 22.7 3.2 0.0 188.1
1985 64.0 (0.0) 6.4 54.2 0.9 (0.0) 0.0 2.6 132.7 114.3 13.2 5.3 0.0 196.7
1986 86.4 6.9 5.9 54.2 0.8 11.4 0.0 7.2 135.8 127.9 3.9 4.0 0.0 222.2
1987 109.4 16.4 8.4 55.6 8.0 3.3 0.0 17.7 158.5 150.6 6.9 1.0 0.0 267.9
1988 151.1 16.5 11.2 67.8 0.8 30.2 0.0 24.6 206.4 184.2 13.0 9.2 0.0 357.5
1989 278.9 47.0 28.8 73.1 2.0 110.0 0.0 18.0 298.5 267.0 23.9 7.5 0.0 577.4
1990 306.5 61.5 30.8 114.5 2.3 37.3 0.0 60.1 388.6 336.5 49.6 2.6 0.0 695.1
1991 386.9 80.4 42.8 164.8 5.6 58.0 0.0 35.2 570.9 522.2 40.6 8.1 0.0 957.8
1992 613.9 114.8 66.8 267.4 8.3 81.2 0.0 75.4 1,157.6 863.6 267.9 26.2 0.0 1,771.5
1993 2,684.1 1,161.0 448.7 607.3 12.8 119.5 0.0 334.7 3,291.6 1,483.0 1,012.8 795.7 0.0 5,975.7
1994 1,315.3 267.4 193.8 605.2 22.0 132.4 0.0 94.5 2,483.6 1,896.2 407.2 180.2 0.0 3,798.9
1995 1,508.9 194.5 207.1 563.6 9.6 184.4 0.0 349.6 3,856.2 2,399.7 1,410.4 46.0 0.0 5,365.1
1996 1,654.1 342.7 276.9 712.3 54.5 191.8 0.0 75.8 4,262.1 3,913.3 112.1 236.7 0.0 5,916.1
1997 1,677.3 349.1 376.6 780.9 42.0 106.1 0.0 22.6 4,822.1 3,573.5 853.6 395.0 0.0 6,499.4
1998 1,956.2 388.1 396.7 832.9 39.8 129.5 0.0 169.2 5,218.1 3,820.2 969.8 428.1 0.0 7,174.3
1999 2 5,923.2 891.0 1,649.0 1,824.7 93.8 1,068.9 0.0 395.8 0.0 0.0 0.0 0.0 0.0 5,923.2
2000 5,629.5 1,107.7 806.3 1,804.2 112.4 440.8 0.0 1,358.1 0.0 0.0 0.0 0.0 0.0 5,629.5
2001 6,110.5 1,164.7 957.8 2,315.9 132.4 790.7 0.0 749.0 0.0 0.0 0.0 0.0 0.0 6,110.5
2002 6,856.1 1,857.9 109.3 2,818.7 110.8 900.9 0.0 1,058.7 0.0 0.0 0.0 0.0 0.0 6,856.1
2003 9,415.2 1,681.7 2,266.8 3,040.2 126.8 1,240.6 0.0 1,059.2 0.0 0.0 0.0 0.0 0.0 9,415.2
2004 12,084.0 2,724.4 2,852.9 3,476.2 189.5 1,361.4 0.0 1,479.6 0.0 0.0 0.0 0.0 0.0 12,084.0
2005 12,402.4 2,766.7 3,138.2 3,733.4 153.6 1,266.2 0.0 1,344.4 0.0 0.0 0.0 0.0 0.0 12,402.4
2006 76,276.1 6,663.0 15,239.8 20,735.0 912.7 10,493.4 0.0 22,232.3 0.0 0.0 0.0 0.0 0.0 76,276.1
2007 15,843.7 1,793.4 3,829.1 6,196.1 207.5 1,904.2 0.0 1,913.4 0.0 0.0 0.0 0.0 9,289.5 25,133.2
2008 25,864.9 6,076.6 4,467.5 9,935.5 319.2 3,185.0 235.0 1,646.1 0.0 0.0 0.0 0.0 11,547.7 37,412.6
2009 49,498.9 15,124.7 6,567.5 13,040.3 337.4 4,556.6 7,373.0 2,499.5 0.0 0.0 0.0 0.0 12,470.2 61,969.2
2010 37,589.6 7,794.1 6,444.5 13,219.0 281.0 2,965.2 3,713.6 3,172.2 0.0 0.0 0.0 0.0 16,225.8 53,815.4
2011 39,389.2 8,520.5 6,820.6 13,205.6 271.1 2,889.6 4,651.6 3,030.3 0.0 0.0 0.0 0.0 20,815.6 60,204.8
1970 - 1998 data were sourced from Central Bank of Nigeria Annual Survey
1
2
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Table A.5.13: Breakdown of Total Assets of Insurance Companies (N' Million)
Year General Business Life Total
1996 21,332.8 7,602.1 28,934.9
1997 29,312.5 8,615.7 37,928.2
1998 30,847.8 10,603.5 41,451.2
1999 34,616.8 15,514.9 50,131.7
2000 41,495.5 20,104.5 61,600.0
2001 51,674.0 26,386.5 78,060.5
2002 51,933.7 33,322.0 85,255.7
2003 74,386.4 49,881.0 124,267.4
2004 77,730.1 63,491.9 141,222.0
2005 130,402.5 72,710.6 203,113.1
2006 219,086.7 88,455.9 307,542.6
2007 302,262.8 125,234.3 427,497.2
2008 386,016.4 187,138.1 573,154.5
2009 388,350.7 198,108.9 586,459.5
2010 391,741.6 193,274.2 585,015.8
2011 407,432.2 213,662.9 621,095.1

Source: NAICOM Reports
Note: The Annual Reports of National Insurrance Commission for 2012, 2013 & 2014 were yet to be released.
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Table A.5.14: Total Insurance Business Investments (N' Million)
Year Government Stocks Real Estate Policy & Cash at Hand Bills of Total
Securities & Bonds & Mortgage Other Loans & Deposit Exchange Investment
1996 1,546.2 4,047.8 2,523.2 795.9 3,347.1 119.3 12,379.5
1997 2,012.0 4,095.4 2,683.5 842.1 3,815.9 164.2 13,613.1
1998 4,145.9 3,633.2 212.0 2,301.2 1,993.2 3,371.5 15,656.9
1999 2,987.2 4,174.0 332.7 4,124.5 4,184.2 5,780.9 21,583.5
2000 3,559.0 4,992.9 282.3 5,212.1 3,844.4 7,302.0 25,192.6
2001 3,842.7 6,786.3 359.3 6,706.4 4,284.6 10,178.0 32,157.3
2002 3,752.1 8,350.9 960.3 7,901.0 4,095.4 11,881.2 36,940.9
2003 4,489.2 11,490.3 14,272.8 3,767.0 6,722.3 13,901.2 54,642.8
2004 4,169.1 20,071.9 21,832.2 6,769.1 5,461.4 16,287.1 74,590.8
2005 4,178.1 61,800.8 33,788.2 5,590.7 10,185.4 6,301.1 121,844.2
2006 4,858.1 121,813.1 45,186.8 7,884.7 30,314.2 6,303.0 216,359.9
2007 20,914.8 222,278.9 45,331.9 12,945.8 22,508.7 5,267.8 329,247.9
2008 1 21,374.9 227,169.1 46,329.2 13,230.6 23,003.9 5,383.7 336,491.4
2009 1 21,845.2 232,166.8 47,348.5 13,521.7 23,510.0 5,502.1 343,894.2
2010 1
22,325.8 237,274.4 48,390.1 13,819.2 24,027.2 5,623.2 351,459.9
2011 1 22,816.9 242,494.5 49,454.7 14,123.2 24,555.8 5,746.9 359,192.0
Source: NAICOM Reports
Note: 1Provisional
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Table A.6.1: Value of Money Market Instruments Outstanding as at End-Period (N' Billion)
Period Treasury Treasury Development Certificates Commercial Bankers FGN Bonds Total
Bills Certificates Stocks Of Deposits Papers Acceptances
1981 5.8 2.3 3.4 0.2 0.1 0.0 0.0 11.7
1982 9.8 1.7 3.6 0.3 0.1 0.0 0.0 15.5
1983 13.5 4.9 3.9 0.4 0.2 0.0 0.0 22.8
1984 15.5 6.4 3.8 0.3 0.2 0.0 0.0 26.1
1985 17.0 6.7 4.3 0.2 0.1 0.0 0.0 28.3
1986 17.0 6.7 4.8 0.3 0.3 0.0 0.0 29.0
1987 25.2 6.7 4.9 1.3 0.5 0.0 0.0 38.6
1988 35.5 6.8 4.8 1.9 0.7 0.1 0.0 49.7
1989 24.1 6.9 4.6 1.2 0.6 0.1 0.0 37.7
1990 25.5 34.2 4.4 1.9 0.8 0.1 0.0 66.9
1991 56.7 34.2 4.2 1.1 0.8 0.2 0.0 97.3
1992 103.3 35.2 4.0 0.5 1.6 0.1 0.0 144.8
1993 103.3 36.6 3.7 0.1 3.4 1.9 0.0 149.0
1994 103.3 37.3 3.4 0.0 5.3 4.7 0.0 153.9
1995 103.3 23.6 3.2 0.0 10.0 8.1 0.0 148.3
1996 103.3 0.0 3.0 0.1 8.0 12.2 0.0 126.6
1997 221.8 0.0 2.8 0.0 13.4 11.7 0.0 249.7
1998 221.8 0.0 2.7 0.0 7.3 17.5 0.0 249.2
1999 361.8 0.0 2.4 0.0 20.5 12.0 0.0 396.6
2000 465.5 0.0 2.1 0.0 19.0 31.8 0.0 518.4
2001 584.5 0.0 1.8 0.0 35.3 30.8 0.0 652.5
2002 733.8 0.0 1.6 0.0 37.0 32.2 0.0 804.6
2003 825.1 0.0 1.5 0.0 47.6 33.9 72.6 980.6
2004 871.6 0.0 1.3 0.0 80.1 24.0 72.6 1,049.5
2005 854.8 0.0 1.0 0.0 194.6 41.1 250.8 1,342.4
2006 701.4 0.0 0.7 0.0 193.5 45.7 643.9 1,585.3
2007 574.9 0.0 0.6 2.5 363.4 81.8 1,186.2 2,209.4
2008 471.9 39.7 0.5 0.0 822.7 66.4 1,445.6 2,846.9
2009 797.5 0.0 0.5 50.5 509.1 62.2 1,974.9 3,394.8
2010 1,277.1 0.0 0.2 0.0 189.2 79.2 2,901.6 4,447.3
2011 1,727.9 0.0 0.0 0.0 203.0 73.4 3,541.2 5,545.5
2012 2,122.9 0.0 0.0 34.0 1.1 9.9 4,080.0 6,247.9
2013 2,581.6 0.0 0.0 20.5 9.3 20.5 4,222.0 6,853.9
2014 2,815.5 0.0 0.0 51.0 9.8 8.8 4,792.3 7,677.3
2015 2,772.9 0.0 0.0 75.7 6.29 28.42 5,808.1 8,691.4
2016
Q1 2,824.81 0.00 0.00 48.70 0.48 12.31 6,914.24 9,800.54
Q2 2,901.81 0.00 0.00 55.02 3.55 29.76 7,473.54 10,463.67
Q3 3,261.81 0.00 0.00 0.00 3.13 45.60 7,352.74 10,663.28
Q4 3,277.28 0.00 0.00 0.00 0.49 27.80 7,564.94 10,870.51
2017 1
Q1 3,600.53 0.00 0.00 0.00 0.48 43.17 8,177.75 11,821.93
Q2 3,702.83 0.00 0.00 0.00 0.50 41.04 8,134.88 11,879.25
Q3 3,777.83 0.00 0.00 0.00 0.57 26.81 8,420.66 12,225.87
Q4 3,579.80 0.00 0.00 59.50 0.52 26.43 8,715.81 12,382.05
Note: 1Provisional
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Table A.6.2: Treasury Bills Issues and Subscriptions (N' Billion)
S u b s c r i p t i o n s
Period Issues Central Commercial Merchant Savings Type Statutory Board/ Individuals/ Others2 Development Total
Bank Banks Banks Institutions1 Corporations Brokers/MMD Banks/ DHs Subscriptions
1981 12.0 5.9 5.4 0.0 0.1 0.1 0.2 0.2 0.0 12.0
1982 26.5 18.3 7.5 0.0 0.1 0.0 0.5 0.1 - 26.5
1983 45.8 28.4 15.8 0.0 0.1 0.0 1.3 0.1 - 45.8
1984 55.9 28.1 24.8 0.0 0.1 0.0 2.6 0.2 - 55.9
1985 6.9 4.4 2.1 0.0 0.0 0.0 0.3 0.1 - 6.9
1986 65.9 40.6 22.4 0.1 0.2 0.0 2.2 0.4 - 65.9
1987 88.7 70.8 16.6 0.0 0.2 0.0 0.8 0.2 - 88.7
1988 111.2 89.0 20.9 0.0 0.4 0.2 0.5 0.1 - 111.2
1989 130.6 106.6 13.9 0.0 4.0 4.1 0.5 1.5 - 130.6
1990 91.9 33.0 17.1 0.0 3.9 16.1 1.0 20.8 - 91.9
1991 133.2 77.7 25.6 2.5 1.2 7.6 0.0 18.5 - 133.2
1992 136.0 123.2 4.5 0.4 0.8 1.9 - 5.2 - 136.0
1993 112.3 98.0 7.5 0.4 0.8 2.7 - 2.9 - 112.3
1994 103.3 92.3 5.3 0.8 0.0 0.1 - 4.8 - 103.3
1995 103.3 86.9 9.1 0.2 0.6 2.5 - 4.0 - 103.3
1996 103.3 33.9 32.0 0.7 - - - 36.7 - 103.3
1997 72.9 54.3 11.1 0.5 - - - 7.0 - 72.9
1998 88.9 61.8 12.9 0.2 - - - 14.1 - 88.9
1999 80.9 17.4 38.6 2.0 - - - 31.0 - 88.9
2000 86.9 0.0 58.3 0.4 - - - 25.0 - 83.7
2001 1,985.5 1,065.7 686.2 - - - - 233.6 - 1,985.5
2002 2,421.1 929.1 998.9 - - - - 493.1 - 2,421.1
2003 3,026.3 789.2 1.4 - - - - 842.3 - 1,632.9
2004 3,467.7 811.9 1,403.1 - - - - 1,252.7 - 3,467.7
2005 2,521.7 996.1 1,257.2 - - - 56.2 124.5 - 2,434.0
2006 1,509.1 643.2 771.6 - - - 6.0 24.5 - 1,445.3
Notes: 1Savings Institutions include mutual savings and loan groups, credit organisations, co-operative societies, insurance companies, post office savings
bank, pension and provident funds, schools, unions, etc.
2
Others include Federal, State and Local governments, Discount Houses and other companies
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Table A.6.3: Treasury Bills Issues, Subscriptions and Allotments 1 (N' Billion)
Allotments
Period Issues Total Central Commercial Discount Non-Bank Total
Subscriptions Bank Banks Houses Public 2 Allotments
2007 1,304.2 3,141.2 25.1 587.3 133.8 558.0 1,304.2
Q1 343.1 850.5 0.0 170.5 40.3 132.3 343.1
Q2 360.9 923.3 0.0 151.7 46.1 163.2 360.9
Q3 328.2 502.5 19.6 144.2 23.3 141.1 328.2
Q4 271.9 864.9 5.5 120.9 24.1 121.4 271.9
2008 916.3 2,787.8 7.6 383.7 69.1 455.9 916.3
Q1 253.2 594.5 6.4 112.1 16.1 118.7 253.2
Q2 241.3 977.6 1.2 68.2 19.1 152.7 241.3
Q3 165.2 432.6 0.0 61.3 11.7 92.3 165.2
Q4 256.6 783.1 0.0 142.1 22.2 92.3 256.6
2009 1,392.4 2,541.1 0.0 876.4 161.6 354.4 1,392.4
Q1 275.6 679.0 0.0 175.6 13.1 86.9 275.6
Q2 341.6 560.0 0.0 177.9 44.4 119.3 341.6
Q3 322.2 493.7 0.0 216.3 35.6 70.3 322.2
Q4 453.0 808.4 0.0 306.7 68.5 77.9 453.0
2010 2,004.0 4,324.9 0.0 1,478.7 201.2 324.1 2,004.0
Q1 315.1 981.9 0.0 274.4 19.1 21.6 315.1
Q2 419.4 857.2 0.0 320.5 16.6 82.3 419.4
Q3 598.6 1,310.6 0.0 391.9 89.8 117.0 598.6
Q4 670.9 1,175.2 0.0 492.0 75.7 103.2 670.9
2011 3,048.5 6,512.7 0.0 2,001.3 344.7 702.6 3,048.5
Q1 706.6 1,724.2 0.0 541.8 76.2 88.6 706.6
Q2 759.9 1,938.9 0.0 483.9 121.6 154.4 759.9
Q3 709.2 1,373.6 0.0 497.0 46.6 165.6 709.2
Q4 872.8 1,476.0 0.0 478.5 100.3 293.9 872.8
2012 3,609.7 8,750.5 163.9 2,142.0 231.3 1,072.5 3,609.7
Q1 947.5 1,948.0 163.9 485.5 104.1 194.0 947.5
Q2 970.8 2,518.6 0.0 653.6 94.2 223.1 970.8
Q3 822.1 2,215.2 0.0 546.1 22.7 253.3 822.1
Q4 869.3 2,068.7 0.0 456.8 10.3 402.2 869.3
2013 3,650.9 7,573.4 33.5 1,836.8 69.2 1,711.4 3,650.9
Q1 1,084.5 2,515.7 8.2 638.5 39.9 398.0 1,084.5
Q2 1,000.5 1,753.0 7.5 532.4 12.9 447.6 1,000.5
Q3 739.4 1,867.0 8.9 301.9 8.0 420.5 739.4
Q4 826.5 1,437.7 8.8 363.9 8.4 445.3 826.5
2014 3,879.5 8,043.6 93.3 1,985.0 228.9 1,483.9 3,879.5
Q1 1,176.2 2,037.5 11.2 889.3 40.6 235.2 1,176.2
Q2 1,053.5 3,571.9 10.4 588.8 35.0 419.4 1,053.5
Q3 725.6 1,375.5 62.8 288.8 30.3 343.7 725.6
Q4 924.1 1,058.7 9.0 218.2 123.0 573.9 924.1
2015 3,845.3 9,302.3 0.0 2686.5 0.0 1,158.9 3,845.3
Q1 1,239.1 2,852.2 0.0 909.0 0.0 330.2 1,239.1
Q2 994.7 2,361.0 0.0 637.0 0.0 357.7 994.7
Q3 751.3 1,293.9 0.0 408.4 0.0 343.0 751.3
Q4 860.2 2,795.3 0.0 732.1 0.0 128.1 860.2
2016 4,555.5 8,677.7 0.0 2,329.1 0.0 2,062.8 4,555.5
Q1 1,328.6 3,062.0 0.0 838.1 0.0 490.5 1,328.6
Q2 1,128.7 1,995.4 0.0 672.6 0.0 456.1 1,128.7
Q3 1,239.6 2,550.7 0.0 569.3 0.0 670.3 1,239.6
Q4 858.7 1,069.6 0.0 249.1 0.0 609.5 858.7
2017 4,495.5 7,178.4 0.0 2,495.9 0.0 1,999.6 4,495.5
Q1 1,405.6 2,432.3 0.0 819.9 0.0 585.7 1,405.6
Q2 1,231.0 1,508.1 0.0 539.4 0.0 691.6 1,231.0
Q3 1,256.7 2,076.4 0.0 652.5 0.0 604.2 1,256.7
Q4 602.1 1,161.6 0.0 484.0 0.0 118.1 602.1
Notes: 1 Table presents revised template and data.
2
Comprises allotments to Money Market Dealers (MMDs), Mandate/ Internal Accounts and Brokers.
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Table A.6.4: Holdings of Treasury Bills Outstanding (N' Billion)
Holders
Total
Period Outstanding1 Central Bank Merchant Commercial Parastatals & State
including Rediscounts Banks Banks2 Governments Others3
1981 5.8 3.4 0.1 0.9 0.0 1.4
1982 9.8 5.5 0.2 2.2 0.0 2.0
1983 13.5 6.0 0.4 4.4 0.0 2.7
1984 15.5 4.9 0.9 7.3 0.0 2.4
1985 17.0 6.2 1.0 8.0 0.0 1.8
1986 17.0 11.6 0.1 3.1 0.0 2.2
1987 25.2 14.2 0.3 5.3 0.0 5.5
1988 35.5 22.6 0.2 5.3 0.0 7.5
1989 24.1 11.2 0.1 2.5 0.0 10.3
1990 25.5 3.4 0.3 7.7 0.0 14.0
1991 56.7 34.8 0.7 6.3 0.1 14.9
1992 103.3 81.1 1.0 5.2 0.1 15.9
1993 103.3 47.4 9.4 28.9 0.0 17.7
1994 103.3 30.2 28.3 8.6 0.0 36.2
1995 103.3 42.0 2.1 17.7 0.0 41.5
1996 103.3 9.5 8.9 46.8 0.0 38.1
1997 221.8 141.7 6.4 38.1 0.0 35.7
1998 221.8 132.5 8.2 40.8 - 40.3
1999 361.8 79.9 12.7 186.1 - 83.0
2000 465.5 87.4 12.4 275.8 - 90.0
2001 584.5 325.3 - 199.3 - 59.9
2002 733.8 147.8 - 460.2 - 125.7
2003 825.1 255.7 - 430.8 - 138.6
2004 871.6 60.8 - 595.8 - 215.0
2005 854.8 82.7 - 585.0 - 187.1
2006 701.4 24.5 21.6 499.0 155.5 0.8
2007 574.9 5.9 25.7 525.8 17.6 0.0
2008 471.9 0.4 26.5 325.9 119.1 0.0
2009 797.5 1.9 59.3 585.4 150.8 0.0
2010 1,277.1 24.5 327.3 925.3 0.0 0.0
2011 1,727.9 69.3 200.4 1,458.3 0.0 0.0
2012 2,122.9 62.3 31.7 1,419.6 609.3 0.0
2013 2,581.6 59.0 20.4 1,317.9 1,184.2 0.0
2014 2,815.5 1.8 41.4 1,927.7 844.6 0.0
2015 2,772.9 232.8 19.5 1,027.4 1,493.2 0.0
2016 3,277.3 2.1 17.0 1,248.2 2,009.9 0.0
Q1 2,824.8 242.8 48.9 1,015.5 1,517.6 0.0
Q2 2,901.8 31.1 67.3 1,114.7 1,688.7 0.0
Q3 3,261.5 3.0 18.7 1,234.3 2,005.4 0.0
Q4 3,277.3 2.1 17.0 1,248.2 2,009.9 0.0
2017 3,579.8 62.8 74.9 2,066.8 1,375.3 0.0
Q1 3,600.5 2.1 17.0 1,427.9 2,153.5 0.0
Q2 3,702.8 2.1 12.1 1,651.3 2,037.3 0.0
Q3 3,777.8 206.5 26.8 1,345.0 2,199.6 0.0
Q4 3,579.8 62.8 74.9 2,066.8 1,375.3 0.0
Notes: 1Nominal value
2
Since the Adoption of Universal Banking Practice in 2001, Merchant Banks and Commercial Banks figures are aggregated under Commercial Banks
3
Includes statutory boards, corporations, savings-type institutions, local governments, companies,individuals and public accounts with CBN from 1989
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Table A.6.5: Holdings of Treasury Certificates Outstanding (N' Million)
Holders
Total
Period Outstanding1 Central Commercial Merchant Federal and Others2
Bank Banks Banks State Govts
1981 2,301.6 1,112.6 850.4 18.3 - 320.3
1982 1,665.6 900.3 625.8 2.9 - 136.6
1983 4,914.4 3,560.7 798.7 11.0 - 544.0
1984 6,413.1 4,304.2 1,429.5 17.5 - 661.9
1985 8,354.1 3,724.4 2,264.0 105.0 - 2,260.7
1986 6,654.7 4,518.3 1,360.8 50.2 - 725.4
1987 6,654.1 3,431.6 2,322.2 24.8 - 875.5
1988 6,794.6 3,670.4 2,035.7 8.8 - 1,079.7
1989 6,944.6 4,483.5 1,095.9 - - 1,365.2
1990 3 34,214.6 31,847.1 1,036.5 5.0 - 1,326.0
1991 34,214.6 32,813.3 559.3 - - 842.0
1992 34,214.6 22,896.6 324.6 - - 10,993.4
1993 36,584.3 35,307.7 673.7 51.3 - 551.6
1994 37,342.7 22,365.9 614.3 - - 14,362.5
1995 35,687.1 30,079.0 280.8 - - 5,327.3
1996 4 37,342.7 31,142.9 415.6 9.4 - 5,774.8
Note: 1Nominal Value
2
Includes Statutory Boards/Corporations, Savings - type Institutions, Local Government, Companies and Individuals
3
Includes new issues of TC of N27.3 billion
4
Total outstanding Treasury Certificates were converted into treasury bonds with effect from 16th March, 1996
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Table.6.6: Holdings of Development Stocks (N' Million)
Period Central Commercial Merchant Insurance Savings-type State and Statutory Other Agric. Bureau Special CBN Sales
Bank1 Banks Bank2 Individuals Companies Institutions Local Boards and Corporations Credit de Federal Funds Not Yet Total
Governments Corporations & Companies Guarantee Change Government with CBN Classified
1981 1,529.1 361.9 1.5 4.8 103.0 1,108.2 3.4 8.0 28.2 23.3 - - 181.6 - 3,353.0
1982 1,658.6 328.8 1.9 3.6 99.4 1,250.3 3.1 7.8 62.9 98.9 - - 41.6 0.1 3,557.0
1983 1,768.6 301.6 3.3 5.2 104.4 1,406.3 2.6 9.4 66.4 106.7 - - 39.8 36.5 3,850.8
1984 1,536.6 272.1 1.1 5.2 100.9 1,586.2 2.6 9.4 57.6 112.0 - - 40.4 58.9 3,783.0
1985 1,613.4 395.7 33.0 8.0 152.5 1,833.2 2.2 7.0 109.5 119.7 - - 42.5 2.3 4,319.0
1986 1,618.3 545.7 11.7 10.5 190.4 2,021.9 6.2 7.4 270.9 135.5 - - 45.6 -55.10 4,809.0
1987 1,550.3 537.2 5.1 44.6 194.7 2,225.2 5.7 18.3 135.2 43.0 - - 8.6 141.1 4,909.0
1988 1,450.5 404.9 13.6 8.3 216.8 2,337.5 13.7 14.5 160.9 154.5 - - 37.4 -53.60 4,759.0
1989 1,484.9 39.5 6.1 8.0 228.1 2,390.3 8.0 38.8 192.3 167.6 - - 36.0 29.4 4,629.0
1990 1,497.8 156.8 6.7 6.9 157.6 2,342.1 33.9 22.1 145.1 48.8 - - 40.9 -82.00 4,376.7
1991 807.9 33.5 6.4 6.7 163.2 2,418.3 37.2 21.9 156.7 4.6 28.1 - 47.1 489.4 4,221.0
1992 121.6 29.5 3.6 6.1 152.8 2,323.2 37.2 21.3 130.8 4.6 34.6 - 47.7 1,048.0 3,961.0
1993 1,506.2 159.0 - 5.9 119.3 2,125.2 37.2 20.6 132.4 3.0 39.3 - 69.3 -486.60 3,730.8
1994 1,207.5 - - 5.2 110.6 1,658.2 32.1 5.8 125.8 2.6 45.4 - 118.4 38.4 3,350.0
1995 918.1 14.7 - 4.5 75.6 1,623.8 1.1 4.6 35.2 2.6 77.2 - 413.3 -0.70 3,170.0
1996 789.0 471.1 - 5.1 101.8 1,623.8 23.5 10.3 97.8 2.7 54.0 - 200.3 - 3,379.4
1997 1,193.3 14.0 - 4.2 75.0 214.7 - 70.5 10.0 - - - 1,258.3 - 2,840.0
1998 494.4 13.0 157.8 4.4 74.2 1,479.7 - 51.8 42.5 - - 428.9 107.4 - 2,854.1
1999 671.6 4.0 - 3.8 109.6 132.2 - 51.8 50.8 - - 1,446.6 0.0 - 2,470.4
2000 251.3 - - 58.0 1,460.0 250.8 - 2.0 13.0 - - 115.7 167.5 - 2,318.3
2001 251.3 - - 58.0 1,460.0 164.0 - 2.0 13.0 - - 115.7 167.5 - 2,231.5
2002 6,903.4 2,692.7 - 63.0 1,473.0 276.4 - 2.0 13.0 - - 115.7 167.5 - 11,706.7
2003 415.0 32,504.9 - - - - - - - 1,470.0 - - - - 34,389.9
2004 230.0 32,758.7 - - - - - - - - - - - - 32,988.7
2005 158.6 - - 1.9 20.7 58.9 - 80.7 31.3 - - 5.6 622.4 - 980.0
2006 102.5 - - 1.8 16.8 37.3 - 50.8 43.1 - - 3.9 463.8 - 720.0
2007 143.9 - - 1.6 16.2 35.9 - 39.8 1.8 - - 3.9 376.8 - 620.0
2008 129.2 - - 1.6 16.0 35.4 - 39.6 1.8 - - 3.8 292.6 - 520.0
2009 24.6 - - 1.6 16.0 35.4 - 39.6 1.8 - - 3.8 397.2 - 520.0
2010 - - - 1.4 2.8 12.2 - 18.7 0.6 - - 3.2 181.1 - 220.0
2011 3 - - - - - - - - - - - - - - -
Notes: 1Exclude 20 billion naira Treasury Bonds issued in March, 1990
2
Merchant Banks ceased after the adoption of universal banking practice in 2001.
3
The development stocks outstanding as at end-2010 were fully redeemed at end-March 2011.
Foreign holdings of Development Stocks are negligible
Return to Menu
Table A.7.1: Savings Statistics - Cumulative (N' Billion)
Savings and National Federal Federal Time Deposits Premium Life Other GDP at Total Savings
Period Time Deposit Provident Savings Mortgage with Merchant Bonds, Savings Insurance Deposit Total Current as Ratio of GDP
with Comm. Fund Bank Bank Banks Cert. & Savings Funds Institutions1 Savings Basic Prices at Current
Bank Stamps Basic Prices
1981 5.80 0.38 0.01 0.06 0.33 0.00 - - 6.56 94.33 6.96
1982 6.34 0.41 0.00 0.07 0.69 0.00 - - 7.51 101.01 7.44
1983 8.08 0.47 0.01 0.09 0.79 0.00 - - 9.44 110.06 8.58
1984 9.39 0.50 0.01 0.11 0.97 0.00 - - 10.99 116.27 9.45
1985 10.55 0.54 0.01 0.10 1.32 0.00 - - 12.52 134.59 9.30
1986 11.49 0.58 0.01 0.12 1.74 0.00 - - 13.93 134.60 10.35
1987 15.09 0.61 0.02 0.13 2.82 0.00 - - 18.68 193.13 9.67
1988 18.40 0.65 0.02 0.20 3.98 0.00 - - 23.25 263.29 8.83
1989 17.81 0.70 0.04 0.21 3.97 0.00 1.07 - 23.80 382.26 6.23
1990 23.14 0.72 - 0.30 4.35 - 1.14 - 29.65 472.65 6.27
1991 30.36 0.65 - 0.43 5.01 - 1.24 0.05 37.74 545.67 6.92
1992 43.44 0.72 - 0.73 8.34 - 1.41 0.48 55.12 875.34 6.30
1993 60.90 0.77 - 0.82 19.30 - 1.57 1.68 85.03 1,089.68 7.80
1994 76.13 0.76 - 0.82 11.32 - 19.44 2.51 110.97 1,399.70 7.93
1995 93.33 0.73 - 0.44 11.10 - 2.89 - 108.49 2,907.36 3.73
1996 115.35 - - - 15.51 - 1.95 1.70 134.50 4,032.30 3.34
1997 154.06 - - - 19.76 - 3.83 0.00 177.65 4,189.25 4.24
1998 161.93 1.37 - 0.44 30.30 - 4.62 1.41 200.07 3,989.45 5.01
1999 241.60 1.37 - - 24.71 - 4.34 5.65 277.67 4,679.21 5.93
2000 343.17 1.37 - - 26.61 - 8.37 5.66 385.19 6,713.57 5.74
2001 451.96 1.37 - 22.30 - - 8.49 3.93 488.05 6,895.20 7.08
2002 556.01 1.37 - 22.30 - - 8.49 3.93 592.09 7,795.76 7.60
2003 655.74 - - - - - - - 655.74 9,913.52 6.61
2004 797.52 - - - - - - - 797.52 11,411.07 6.99
2005 1,316.96 - - - - - - - 1,316.96 14,610.88 9.01
2006 1,739.64 - - - - - - - 1,739.64 18,564.59 9.37
2007 2,693.55 - - - - - - - 2,693.55 20,657.32 13.04
2008 4,118.17 - - - - - - - 4,118.17 24,296.33 16.95
2009 5,763.51 - - - - - - - 5,763.51 24,794.24 23.25
2010 5,954.26 - - - - - - - 5,954.26 54,612.26 10.90
2011 6,531.91 - - - - - - - 6,531.91 62,980.40 10.37
2012 8,062.10 - - - - - - 0.80 8,062.90 71,713.94 11.24
2013 8,606.61 - - - 36.05 - - 13.47 8,656.12 80,092.56 10.81
2014 11,936.93 - - - 71.31 - - - 12,008.24 89,043.62 13.49
2015 11,403.22 - - - 54.91 - - - 11,458.13 94,144.96 12.17
2016 12,146.91 - - - 173.31 - - - 12,320.23 101,489.49 12.14
2017 2 12,758.16 - - - 206.91 - - - 12,965.06 113,711.63 11.40
Note: 1Consists Peoples Bank, Community Banks and Non Interest Banks
2
Provisional / Effective March 2014, DMBs Numbers are in compliance with IFRS as reported in FinA stop gap.
Return to Menu
Table A.7.2: Selected Financial Deepening Indicators
Year M3 Money Supply2 Credit to Private GDP at Current Financial Deepening

(M2) Sector2 (CPS) Basic Prices
(N'Billion) (N' Billion) (N' Billion) (N' Billion) (M2/GDP) (%) (CPS/GDP) (%)
1981 14.47 8.57 144.83 10.0 5.9
1982 15.79 10.67 154.98 10.2 6.9
1983 17.69 11.67 163.00 10.9 7.2
1984 20.11 12.46 170.38 11.8 7.3
1985 22.30 13.07 192.27 11.6 6.8
1986 23.81 15.25 202.44 11.8 7.5
1987 27.57 21.08 249.44 11.1 8.5
1988 38.36 27.33 320.33 12.0 8.5
1989 45.90 30.40 419.20 11.0 7.3
1990 52.86 33.55 499.68 10.6 6.7
1991 75.40 41.35 596.04 12.7 6.9
1992 111.11 58.12 909.80 12.2 6.4
1993 165.34 127.12 1,259.07 13.1 10.1
1994 230.29 143.42 1,762.81 13.1 8.1
1995 289.09 180.00 2,895.20 10.0 6.2
1996 345.85 238.60 3,779.13 9.2 6.3
1997 413.28 316.21 4,111.64 10.1 7.7
1998 488.15 351.96 4,588.99 10.6 7.7
1999 628.95 431.17 5,307.36 11.9 8.1
2000 878.46 530.37 6,897.48 12.7 7.7
2001 1,269.32 764.96 8,134.14 15.6 9.4
2002 1,505.96 930.49 11,332.25 13.3 8.2
2003 1,952.92 1,096.54 13,301.56 14.7 8.2
2004 2,131.82 1,421.66 17,321.30 12.3 8.2
2005 2,637.91 1,838.39 22,269.98 11.8 8.3
2006 3,797.91 2,290.62 28,662.47 13.3 8.0
2007 5,127.40 3,680.09 32,995.38 15.5 11.2
2008 8,008.20 6,941.38 39,157.88 20.5 17.7
2009 1 10,780.63 10,780.63 10,219.34 44,285.56 24.3 23.1
2010 1 11,525.53 11,525.53 9,830.34 54,612.26 21.1 18.0
2011 1 14,306.78 13,303.49 14,183.59 62,980.40 21.1 22.5
2012 1 16,488.12 15,483.85 15,151.76 71,713.94 21.6 21.1
2013 1 19,009.29 15,688.96 16,191.47 80,092.56 19.6 20.2
2014 1 21,246.34 18,913.03 18,126.05 89,043.62 21.2 20.4
2015 1
21,718.86 20,029.83 18,720.51 94,144.96 21.3 19.9
2016 1 28,501.89 23,591.73 21,982.15 101,489.49 23.2 21.7
2017 31,157.56 24,140.63 22,290.66 113,711.63 21.2 19.6
Sources: Central Bank of Nigeria and National Bureau of Statistics
Notes: 1Revised
2
Figures are annual averages

2017 Statistical Bulletin - Financial Sector - Final

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A.1.1 Monetary Survey

A.1.2 Quarterly Monetary Aggregates (N' Million)

A.1.3 Monetary Policy Targets and Outcomes (Growth Rates)

A.2.1 Monetary Authority’s Analytical Accounts – Assets

A.2.2 Monetary Authority’s Analytical Accounts - Liabilities

A.2.3 Monetary Authority's Survey

A.3.1 Commercial Banks' Statement - Asset

A.3.2 Commercial Banks' Statement - Liabilities

A.3.3 Commercial Banks' - Survey

A.3.4 Merchant Banks' Statement - Assets

A.3.5 Merchant Banks' Statement - Liabilities

A.3.6 Merchant Banks' - Survey

A.3.7 Deposit Money Banks' Statement - Assets

A.3.8 Deposit Money Banks' Statement - Liabilities

A.3.9 Deposit Money Banks' - Survey

A.3.10 Summary of Assets and Liabilities of Primary Mortgage Institutions

A.3.11 Summary of Assets and Liabilities of Community/Microfinance Banks

A.4.2 Sectoral Distribution of Commercial Banks' Loans and Advances

A.4.3 Money Market Interest Rates

A.4.5 Selected Financial Ratios of Commercial Banks

A.4.7 Number of Commercial Banks Branches in Nigeria and Abroad

A.4.9 Commercial Banks Loans to Small Scale Enterprises

A.4.10 Consolidated Bankers' Clearing House Statistics

A.4.11 Payment Systems

A.5.1 Discount Houses' Statement of Assets/Liabilities – Assets

A.5.2 Discount Houses' Statement of Assets/Liabilities – Liabilities

A.5.3 Selected Financial Ratios of Discount Houses

A.5.4 Finance Houses' Statement of Assets and Liabilities

A.5.5 Number of Development & Specialised Institutions

A.5.6 Transactions at the Nigerian Stock Exchange

A.5.7 All Share Index on the Nigerian Stock Exchange

A.5.8 Total Annual Market Capitalization on the Nigerian Stock Exchange

A.5.9 Nigerian Stock Exchange Market Capitalization - Equities Only

A.5.10 Income and Expenditure of Insurance Companies in Nigeria

A.5.11 Sources of Income of Insurance Companies in Nigeria - All Companies

A.5.12 Breakdown of Total Expenditure of Insurance Business - All Companies

A.5.13 Breakdown of Total Assets of Insurance Companies

A.5.14 Total Insurance Business Investments

A.6.1 Value of Money Market Instruments Outstanding as at End Period

A.6.2 Treasury Bills: Issues and Subscriptions

A.6.3 Treasury Bills: Issues, Subscriptions and Allotments

A.6.5 Holdings of Treasury Certificates Outstanding

A.6.6 Holdings of Development Stocks

A.7.1 Savings Statistics – Cumulative

A.7.2 Selected Financial Deepening Indicators

Claims on State and Local Govts: - - - - - - - - - -

Claims on Non-Financial Public Enterprises: - - - - - - - - - -

Period NFA NCG CPS CCP CSLG RM M1 M2 PSDD Reserves CIC

Period NFA NCG CPS CCP CSLG RM M1 M2 PSDD Reserves CIC

Period NFA NCG CPS CCP CSLG RM M1 M2 PSDD Reserves CIC

**Policy statement is specified as stimulate growth in the productive sectors

**Policy statement is specified as stimulate growth in the productive sectors

Claims on Federal Government (Branch Position) - - - - - - - - - - - - -

CLAIMS ON STATE AND LOCAL GOVERNMENT - - - - - - - - - - - 0.1 0.0

CLAIMS ON NONFINANCIAL PUBLIC ENTERPRISES - - - - - - - - - - - 2.3 2.7

CLAIMS ON (NON-FINANCIAL) PRIVATE SECTOR - - - - - - - - - - - 0.6 0.9

Loans to OFI's1 - - - - - - - - - - - 0.1 0.1

Claims on Branches - - - - - - - - - - - 5.8 3.5

Expenses - - - - - - - - - - - 1.0 0.8

Miscellaneous Excess Crude - - - - - - - - - - Miscellaneous Excess Crude - - - - - - - - - -

2009 2010 2011 2012 2013 2014 2015