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Money And Credit Statistics (Million Naira)

  Year 2004
Month January February March
Broad Money (M2) 1,917,503.40 2,062,656.10 2,106,238.60
-- Narrow Money (M1) 1,121,224.60 1,188,048.70 1,201,540.20
---- Currency Outside Banks 405,916.80 381,953.70 384,336.80
---- Demand Deposits 715,307.80 806,095.00 817,203.40
-- Quasi Money 796,278.80 874,607.40 904,698.40
Net Foreign Assets (NFA) 1,519,524.80 1,649,995.60 1,677,490.50
Net Domestic Assets(NDA)
-- Net Domestic Credit (NDC) 1,927,552.20 1,905,395.10 1,821,092.00
---- Credit to Government (Net) 666,231.60 614,633.20 499,985.60
---- Memo: Credit to Govt. (Net) less FMA
---- Memo: Fed. and Mirror Accounts (FMA)
---- Credit to Private Sector (CPS) 1,261,320.60 1,290,761.90 1,321,106.40
--Other Assets Net
Reserve Money (Base Money) 663,224.70 631,826.80 634,976.20
--Currency in Circulation 480,175.00 465,705.90 466,494.40
--Banks Reserves 183,049.70 166,120.90 168,481.80
       
Data from December 2014 are provisional.
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Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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