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Money And Credit Statistics (Million Naira)

  Year 2007
Month October November December
Broad Money (M2) 5,585,227.80 5,881,558.60 5,809,826.50
-- Narrow Money (M1) 2,938,873.11 2,955,103.61 3,116,272.11
---- Currency Outside Banks 571,347.81 634,096.70 737,867.20
---- Demand Deposits 2,367,525.40 2,321,006.90 2,378,404.90
-- Quasi Money 2,646,354.61 2,926,455.11 2,693,554.30
Net Foreign Assets (NFA) 7,185,713.41 7,098,122.00 7,266,512.10
Net Domestic Assets(NDA)
-- Net Domestic Credit (NDC) 1,789,865.70 2,515,492.50 2,688,236.50
---- Credit to Government (Net) -2,625,690.80 -2,197,226.50 -2,368,484.40
---- Memo: Credit to Govt. (Net) less FMA
---- Memo: Fed. and Mirror Accounts (FMA)
---- Credit to Private Sector (CPS) 4,415,556.41 4,712,718.91 5,056,720.91
--Other Assets Net
Reserve Money (Base Money) 940,779.41 1,091,068.70 1,195,271.90
--Currency in Circulation 755,643.41 790,177.10 960,774.41
--Banks Reserves 185,136.00 300,891.60 234,497.50
       
Data for the month of April 2013 are provisional.
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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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