Table A.1.1:
Monetary
Survey (N'
Million)
MONETARY
ASSETS/
LIABILITIES

FOREIGN
ASSETS
(NET)

888.1
501.4
By Central
Bank
2403.8000000000002 777.6
357.3
By
Commercial
Banks
143.19999999999999 15.3

By
Merchant
Banks2

95.2
63.1
DOMESTIC
CREDIT
(NET)
16203.4
22272
28687.9
Claims on
Federal
Govt (Net):
6532.9
10660.6
16450.0999999
By Central
Bank
4689.6000000000004 7667.3
10924.2
By
Commercial
Banks
1773.9
2818.6
5140.39999999
By
Merchant
Banks
69.400000000000006 174.7
385.5
Claims on
Private
Sector:
9670.5
11611.4
12237.8
By Central
Bank
265.5
273.39999999999998 311.399999999
By
Commercial
Banks
8818.5
10459.4
10849.1
By
Merchant
Banks
586.5
878.6
1077.3
Claims on
State and
Local Govts:

By Central
Bank

By
Commercial
Banks

By
Merchant
Banks

Claims on
NonFinancial
Public
Enterprises:

By Central
Bank

By
Commercial
Banks

By
Merchant
Banks

Claims on
Other
Private
Sector:
9670.5
11611.4
12237.8
By Central
Bank
265.5
273.39999999999998 311.399999999
By
Commercial
Banks
8818.5
10459.4
10849.1
By
Merchant
Banks
586.5
878.6
1077.3
OTHER
ASSETS
(NET)
-2626.7
-5066.5
-8310.20000000
TOTAL
MONETARY
ASSETS
16161.7
18093.599999999999 20879.0999999
MONEY
SUPPLY
(M1)
9915.2999999999993 10291.799999999999 11517.8
Currency
Outside
Banks:
3861.9
4222.5
4842.8
Currency in
Circulation
4347.7
4728.8999999999996 5299.3
Vault cash:
currency
held by
commercial
banks
-485.8
-506.4
-456.5
Vault cash:
currency
held by
merchant
banks

Demand
Deposits1
6053.4
6069.3

Private
Sector
Deposits at
CBN
1172.5
888.6
819.4
Private
Sector
Deposits at
Commercial
Banks
4880.8999999999996 5180.7
5855.6
QUASI
MONEY1
6246.4
7801.8
9361.29999999
Time,
Savings &
Foreign
Currency
Deposits of:

7529.5
8876.6
Commercial
Banks

6838.2
8082.9
Merchant
Banks

691.3
793.7
Other
Private
Sector
Deposits at
Merchant
Banks
122.4
272.3
484.7
TOTAL
MONETARY
LIABILITIES
(M2)
16161.7
18093.599999999999 20879.0999999
Source :
Central
Bank of
Nigeria
Note:
1excludes
takings
from
discount
houses
2Merchant
Bank
started in

... means
not
applicable
Universal
Banking
was
adopted in
2001, hence
Commercial
& Merchant
Banks
became
Deposit
Money
Banks
(DMBs)
Table A.1.2:
Monetary
Authorities'
Analytical
Accounts -
Assets (N'
Million)
Item

FOREIGN
ASSETS
2440.8000000000002 1041.5
796.999999
Gold

48.9
96.4
IMF Gold
Tranche

Foreign
Currencies

Demand
Deposits at
Foreign Banks

Treasury Bills of
Foreign
Governments

977.5
685.3
SDR Holdings

Attached Assets 0

Regional
Monetary
Cooperation
Funds

Other Foreign
Assets
115.8
15.1
15.3
CLAIMS ON
FEDERAL
GOVERNMENT
6131.9000000000005 8226.6
12250
Treasury Bills &
TB Rediscounts
3409.9
5552.9
6508.20000
Treasury Bills
3404.9
5463.7
6018.1
Treasury Bills
Rediscounts

89.2
490.1
Nigerian
Converted
Bonds

Treasury Bond
Stock

Treasury Bonds
Sinking Funds
Overdrawn
Account

Treasury Bonds
Interest

Overdrafts to
Federal
Government

Overdraft on
Budgetary
Accounts

Other
Overdrafts to
Federal
Government

Development
Stocks

Development
Stocks Account

Development
Stocks Sinking
Funds
Overdrawn
Account

Development
Stocks Interest

Treasury
Certificates
1113.7

Other Claims on
Federal
Government
1608.3
1737.7
1847.8
Claims on
Federal
Government
(Branch
Position)

CLAIMS ON
STATE AND
LOCAL
GOVERNMENT

Overdrafts to
States & Local
Governments:

Overdrafts to
State
Governments

Overdrafts to
Local
Governments

Claims on State
& Local Govt.
(Branch
Position)

CLAIMS ON
NONFINANCIAL
PUBLIC
ENTERPRISES

Overdrafts to
Non-Financial
Public:

Overdrafts to
Federal
Parastatals

Overdrafts to
State Parastatals

Claims on Nonfin. Publ. Ent.
(Branch
Position)

CLAIMS ON
(NONFINANCIAL)
PRIVATE
SECTOR

CLAIMS ON
DEPOSIT
MONEY BANKS
565.70000000000005 565.4
672.3
(Overdrafts to)
Commercial
Banks

(Overdrafts to)
Merchant
Banks1

Other Claims on
DMBs
565.70000000000005 565.4
672.3
Claims on
Deposit Money
Banks (Branch
Position)

CLAIMS ON
OTHER
FINANCIAL
INSTITUTIONS
(OFI's)
265.5
273.39999999999998 311.399999
Development
Banks

Other Claims on
OFI's:
265.5
273.39999999999998 311.399999
Loans to OFI's1

Investment in
OFI's
265.5
273.39999999999998 311.399999
Miscellaneous
Claims on OFIs

UNCLASSIFIED
ASSETS
305.5
551.20000000000005 592.1
Participation in
International
Organisations

IMF Currency
Subscriptions:

IMF Local
Currency
Subscription
(CBN
Accounting
Records)1

IMF NonNegotiable
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

Receivables

Income
Receivable:

Accrued
Earnings

Impersonal
Accounts

Interest
Receivables1

Other Income
Receivable

Exchange
Difference on
Promisory Notes

SME
Revaluation
Accounts

Claims on
Branches

Non-Monetary
Precious Metals

Miscellanoues
unclassified
Assets

Other
Miscellaneous
Assets

Expenses

Head Office
Expenses

Branch
Expenses1

Zonal Office
Expenses

Unclassified
Assets (Branch
Position)

TOTAL ASSETS
9709.4000000000015 10658.1
14622.8
Source : Central
Bank of Nigeria
Notes: 1These
items were
reclassified
from the last
quarter of 2006
"-" indicates not
available
Table A.1.3:
Monetary
Authority's
Analytical
Accounts -
Liabilities (N'
Million)
Item

RESERVE
MONEY
5026.0999999999995 5784.5
6109.5
Currency in
Circulation
4347.7
4728.8999999999996 5299.3
Head Office

Branches

Deposit Money
Banks'
Deposits:
678.4
1055.5999999999999 810.2
Commercial
Banks
678.4
1055.5999999999999 810.2
Commercial
Banks Demand
deposits

Commercial
Banks Special
deposits

Commercial
Banks
Required
Reserves

Merchant
Banks

Merchant
Banks Demand
deposits

Merchant
Banks Special
deposits

Merchant
Banks
Required
Reserves

Other Deposits
Of DMBs

DMBs' deposits
(branch
position)

Private Sector
Deposits
1172.5
888.6
819.4000000
Non-Financial
Public
Enterprises
(Parastatals):
1038.4000000000001 845.9
743.7
Federal
Government
Parastatals

Private Sector
Corporations
Deposit

State and Local
Government
Deposits and
Parastatals
134.1
42.7
75.7
State
Government
Parastatals

State
Government
Deposits

Local
Government
Deposits

Other
Financial
Institutions
Deposits

Development
Banks

Other
Financial
Institutions

Private Sector
deposits
(branch
position)

FOREIGN
LIABILITIES

263.89999999999998 439.7
Non-Resident
Deposits of:

263.89999999999998 439.7
Foreign DMBs
(Current
Accounts)

Foreign
Central Banks

Other Foreign
Financial
Institutions

Other Foreign
Customers

Liabilities to
Foreign
Monetary
Authorities:

Treasury Bills
Held by
Foreign
Monetray
Authorities

Other Foreign
Liabilities

LONG-TERM
FOREIGN
LIABILITIES

Long-Term
Liabilities

Trade Debt
Promissory
Notes A/C

FEDERAL
GOVERNMENT
DEPOSITS
1442.3
559.29999999999995 1325.8
Budgetary
Accounts

Deposits on
Nigerian
Converted
Bonds

Deposits on
Development
Stocks

Deposits on
Treasury
Certificates

Other Federal
Govt Deposit

Federal Govt
Deposit
(Branch
Position)

CAPITAL
ACCOUNTS

Capital

Reserves

Provisions

Undisbursed
Profits

Revaluation
Accounts

Foreign Assets
Revaluation A/
C

Fixed Assets
Revaluation
UNCLASSIFIED
LIABILITIES
1940.5
3052.8
5799.4
Intra-Bank
Accounts
(Uncleared
Effects)

Govt Lending
Fund

Expense/
Interest
Account

Liabilities to
IMF

IMF Account
Adjustments

Other
Unclassified
Liabilities

Other
Miscellanoues
unclassified
Liabilities

Unclassified
Liabilties
(Branch
Position)

Miscellaneous
Excess Crude

Federal
Government

Subnationals
Government

TOTAL
LIABILITIES
9709.4
10658.1
14622.8
Source :
Central Bank
of Nigeria
Table
A.1.3.1:
Quarterly
Monetary
Aggregates
(N' Million)
NFA
NCG
Period
CPS

Q1
5800.3
1885.6
Q2
5770.4

Q3
4358.7
3760.6
Q4

6532.9

Q1
1061.08
6182.3
Q2
702.2
6847.4
Q3
708.8
6223.8
Q4
866.5
10660.6

Q1
666.7

Q2
518.4
11263.2
Q3
556.29999999999995 13584.4
Q4
501.4
16450.099999999999

Q1
626.4
15991.5
Q2
905.7
16524
Q3
772.9
16497.2
Q4
1110.7
19125.3

Q1
1132.2
16628.5
Q2
1043.0999999999999 17553.400000000001
Q3
573.20000000000005 20641.599999999999
Q4
1418.4
20323.599999999999

Q1
1170.3
16972.2
Q2
1132.4000000000001 17750
Q3
1960.1
17516.599999999999
Q4
5367.8
19550.599999999999

Q1
4699.1000000000004 20098.900000000001
Q2
1341.6
19039.599999999999
Q3
3337.4
18917
Q4
3700.5
22247.5

Q1
2734.3
22410.2
Q2
4558.3
19832.599999999999
Q3
4549.5
20114.099999999999
Q4
9492.4
29340.6

Q1
15032.5
28246.400000000001
Q2
15085.6
20378.2
Q3
18900.7
11422.2
Q4
22524.3
7360.3

Q1
29412.5
13204.1
Q2
32512.6
2200.1999999999998
Q3
35389.4
2962.8
Q4
43909.9
22772.7

Q1
52512.7
10501.3
Q2
53585.599999999999 20988.6
Q3
49911.5
6318.6999999999935
Q4
56045.3
39626

Q1
83970.5
45412.4
Q2
85271.4
22302.400000000001
Q3
81299
31384.5
Q4
35778.254452560002 91112.177941029993 79958.92037

Q1
46418.27959749
83980.267907850008 99456.85646
Q2
64137.994785390001 71209.247841670003 134264.9807
Q3
61685.122250779998 87338.196203759988 154994.4360
Q4
63559.128210689996 185167.90864615998 95489.66165

Q1
55002.138001419997 196487.72180619999 137480.3251
Q2
52324.039887070001 200380.57354292
143840.2129
Q3
34978.211608490004 201975.97931853001 144977.2514
Q4
56220.278973220004 288113.53555272997 151000.2584

Q1
105297.76417024
183781.43643315
147074.4177
Q2
121273.40783373
175104.62533886003 180255.1184
Q3
110984.23736495001 167317.32313931998 193476.6521
Q4
108663.01165378002 263002.77373526996 211358.5980

Q1
119129.05452384999 180252.06006774999 217960.3252
Q2
122222.28208609001 216415.04459630998 234837.6951
Q3
131925.54633712998 179417.37735082002 251980.4292
Q4
237978.47605804997 110465.55059363999 260613.5090

Q1
158240.5667585
96627.252425689949 284904.6824
Q2
226031.53991070998 75624.955832560125 321378.9223
Q3
237368.72585434999 38823.871590509982 339468.8390
Q4
234015.68380143002 46358.40601206998
319512.2076

Q1
254473.37588214997 34801.010737800003 327923.9364
Q2
275325.78724879003 47150.208454530017 353857.9367
Q3
285075.35103017004 34228.128846320047 357824.2650
Q4
247041.61239663002 139916.24237582998 372574.1713

Q1
634905.32368301996 -33229.391522390026 401352.2934
Q2
608426.92078908009 142759.77518876013 427408.3165
Q3
623997.04554158985 91308.820947089916 440983.2520
Q4
666271.15772920009 176804.87366981001 455205.2168

Q1
774824.28541749006 20342.750744140078 478189.6373
Q2
888657.30402372999 -26413.87530147018
522327.8034
Q3
920402.61677158996 48184.37421485997
564206.1921
Q4
1275016.9141366801 -123989.79177483983 596001.5387

Q1
1263237.9947249598 25849.176732580137 713552.0566
Q2
1398377.66601872
-69914.345498410024 758574.5579
Q3
1440539.7
-27426.20000000007
832559.7000
Q4
1347554.7782653999 -6006.5267363200837 854999.3250

Q1
1326157.2000000002 111973.20000000024 892872.3999
Q2
1248916.8999999999 126572.8
939384.2
Q3
1191616.2999999998 211558.10000000009 968625.5000
Q4
1282215.5
373639.19999999995 955762.0999

Q1
1346526.9000000001 430656.4
1024325.700
Q2
1325852.2000000002 605045.69999999995 1066036.8
Q3
1173900.5
625658.70000000007 1065107.100
Q4
1388233.8
591944.69999999995 1211993.379

Q1
1570567.5999999999 499985.60000000003 1321106.400
Q2
1829689.9999999998 453804.35583333328 1393780.9
Q3
2010641.7999999998 453025.10000000009 1489346.499
Q4
2644672.6970083104 485725.53136266989 1534447.778

Q1
3140484.4750000006 593222.99
1666760.100
Q2
3397866.6340000001 341727.82499999984 1840766.4
Q3
4003941.5999999996 603058
1986211.203
Q4
4098471.8500000006 306031.89999999991 2007355.82

Q1
5108959.9400000004 471892.32264000003 2126956.628
Q2
5568809.9989999998 360789.37300000002 2303700.519
Q3
5718702.2857403699 -235144.67443473986 2571678.048
Q4
6307859.2621254111 -1936615.7398334397 2650821.454

Q1
6997940.7801675685 -2508626.5831918996 3048942.347
Q2
7633412.6287206691 -2615012.0202473397 3503722.968
Q3
6977270.8816119991 -2462860.9903952605 4203169.479
Q4
7266512.0892413696 -2368484.3898503501 5056720.898

Q1
7991622.795226261
-2501996.3264524098 5964326.801
Q2
8316237.2229435993 -2716445.3121344191 6754681.588
Q3
8523480.9670053404 -3230039.2832730096 7474666.378
Q4
8550430.3120210711 -3107688.5878986004 8059548.917

Q1
8105332.2178045306 -3405605.1033774791 8226442.555
Q2
7643607.1311438996 -2879781.4153399598 8556944.652
Q3
6886864.5521917501 -2820157.6907005096 9811363.265
Q4
7593321.8175431397 -2302294.6829203302 10219336.11

Q1
7249631.8516228097 -1649471.8410700993 10050671.90
Q2
6484759.0065151807 -1489877.5147097702 10102817.50
Q3
6453963.9705059491 -1026277.2824700093 10336114.78
Q4
6506618.5896335989 -1121798.6274487204 9830344.079

Q1
6988078.1024739295 -1240157.98395412
9446946.316
Q2
6453690.2622074606 -1068311.3299590996 9957949.884
Q3
6669766.0504796105 -1148207.624127429
11110737.01
Q4
7138672.7772038607 -496861.61620338075 14183591.81

Q1
7306723.1029554289 -440807.59916966991 14119886.07
Q2
7522255.0360213192 -1133629.2849571791 14701058.39
Q3
8301526.9739228208 -1377602.6316287601 14753999.50
Q4
9043678.6840773299 -2453557.0913491198 15151762.14
Source :
Central Bank
of Nigeria
NFA = Net
Foreign
Assets, NCG
= Net Credit
to
Government,
CPS = Credit
to Private
Sector, CCP
= Credit to
Core Private
Sector, CSLG
= Credit to
States &
Local
Governments,
RM =
Reserve
Money, M1
= Narrow
Money, M2
= Broad
Money
Supply, PSDD
= Private
Sector
Demand
Deposits,
Reserves =
DMBs'
Deposits with
CBN, CIC =
Currency in
Circulation
Table
A.1.3.2:
Monetary
Policy
Targets and
Outcomes
(Growth
Rates)
Variables

M2
Actual
12.44159178433889
4.2325022072030958 22.91948097
Target
*
*
*
M1
Actual
11.04976354514247
-2.2885141951289838 12.05937877
Target
6.5
7.8
11.8
NDC
Actual
7.6263405432752673 9.8306570020834219 16.61668934
Target
7.2
8.6999999999999993 4.400000000
NCG
Actual
6.2655226323247186 -3.8034600169261354 13.79446155
Target
7.1
5.9
1.5
CPS
Actual
9.6445991950555676 29.428531013508746 19.63180126
Target
7.4
12.8
8.4
Real GDP1
Actual
11.33
1.89
-0.69
Target

**
**
Inflation
Actual
1.0309278350515483 13.673469387755077 9.694793536
Target

***
***
Source:
Central Bank
of Nigeria &
National
Bureau of
Statistics
Notes: 1Real
GDP growth
rates
between
1985 - 1999
are from the
harmonized
series on
GDP
produced by
the NBS.
*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
Table A.1.4:
Consolidated
Bankers'
Clearing
House
Statistics
Number of
Number
of
Amount
Dail
Working
Cheques
(N' Million)
Period
Days
Cleared
No.
Che

243.5
2561607
19407.099999999999 105

244.79166666666666 2403235
20345.099999999999 981

247.16666666666666 2164534
18667.3

247.75
2614286
16281.5

247.2833333333333
2803920
13778.6

248.0333333333333
3535360
24958.5

246.2
4951035
26699.7

243.5
4900697
56181.4

246.91
4682186
54832.5

244.87
5066202
57839.199999999997 206

244.72
5652178
124891

247.41
7358580
170235.3

225.14
5151561
205420.3

247.51
4910565
310176.59999999998 198

247.24
4826155
466598.7

249.63
4050401
406318.2

3665107
391924.1

249.25
7754672
1198647.8

249.76
8620745
1413125.5

248.88
10297889 2095478.1

250.88
10193442 2256381.7000000002 406

5339419
2325719.1

12526643 8928400

13997898 10996044.699999999 546
2005 1

14638511 13915416

2006 1

14927414 16492064.02

19895613 28111190.41

30172925 43357416.039999999 120

29159780 29390953.149999999 116

33973919 19675506.369999997 135

37718585 22302646.039999999 151
Q1

8111122
5417761.29

Q2

8944203
5226954.8900000006 149
Q3

9732357
5548609.75

Q4

10930903 6109320.1100000003 179

12045833 7461634.4921066007 485
Q1

2830591
1995209.7968421299 449
Q2

2941867
1903055.7330567499 482
Q3

3268251
1832847.6596817202 518
Q4

3005124
1730521.302526

Source:
Central Bank
of Nigeria
Notes:
1Revised
Clearing
House
activities
commenced
in 1965
Table A.2.1:
Commercial
Banks'
Statement of
Assets/
Liabilities -
Assets (N'
Million)
ASSETS

RESERVES
1376.1

1266.7
Currency
485.8
506.4
456.5
Deposits with
CBN:
890.3
1495.6
810.2
Reserve
Requirements
Current
Accounts
890.3
1495.6
810.2
Stabilization
Securities

CBN Bills
Shortfall/
excess credit/
others
FOREIGN
ASSETS
259.2
246.4
343.5
Claims on
Non-resident
Banks:
255.7
242.5
339.7
Balances held
with banks
outside Nigeria
245.5
238.8
333.7
Balances held
with offices
and branches
outside Nigeria
9.1999999999999993 3.7

Loans &
Advances to
Banks outside
Nigeria

Bills
Discounted
Payable
outside Nigeria
3.5
3.9
3.8
CLAIMS ON
CENTRAL
GOVERNMENT
1773.9
2818.6000000000004 5140.399999
Treasury Bills
917.5
2189.8000000000002 4361.7
Treasury
Certificates
856.4
628.79999999999995 778.7
Development
Stocks
Loans &
Advances to
Central
Government
Bankers Unit
Fund
CLAIMS ON
STATE &
LOCAL
GOVERNMENT

Loans &
Advances to
State
Government
Loans &
Advances to
Local
Government
CLAIMS ON
OTHER
PRIVATE
SECTOR
8818.5
10459.4
10849.1
Loans &
Advances to
Other
Customers
8242.2000000000007 9869.5
10259.1
Loans &
Advances to
Nigeria Banks
Subsidiaries

1.6

Bills
Discounted
from non-bank
sources
Investments:
576.29999999999995 588.29999999999995 590
Ordinary
Shares
Preference
Shares
Debentures
Subsidiaries
Other
investments
576.29999999999995 588.29999999999995 590
Commercial
papers
Bankers
Acceptances
Factored Debt
Advances
under Lease
CLAIMS ON
OTHER
FINANCIAL
INSTITUTIONS
UNCLASSIFIED
ASSETS
7249.8
7135.5
9101.799999
Fixed Assets
Domestic InterBank Claims:
972.5
782.3
1494.300000
Bills
Discounted
from Banks in
Nigeria
59.3
69.5
114.7
Money at call
with Banks
297.8
320.5
718.4
Inter-bank
Placements
Balances held
with banks in
Nigeria
614.4
380.3
657.2
Loans &
Advances to
other Banks in
Nigeria

Checks for
Collection
Money at call
outside banks
Certificates of
Deposit
Placement
with Discount
Houses
Other Assets:
6277.3
6353.2
7607.5
Receivables
Pre-payments
Bills Payable
Suspense
Sundry
Debtors
FEM
CBN naira
Depreciation
NDIC
Miscellaneous
6277.3
6353.2
7607.5
TOTAL
ASSETS
19477.5
22661.9
26701.5
Note:
Following the
adoption of
Universal
Banking in
Nigeria,
commercial
and merchant
banks figures
were merged
from 2001
Tables A.2.2:
Commercial
Banks'
Statement of
Assets/
Liabilities -
Liabilities (N'
Million)
LIABILITIES

DEMAND
DEPOSITS
4880.8999999999996 5180.7
5855.6
Private Sector
Deposits
4880.8999999999996 5180.7
5855.6
State
Government
Deposits

Local
Government
Deposits

TIME, SAVINGS
& FOREIGN
CURRENCY
DEPOSITS

6838.2
8082.90000
Time Deposits:
3816.8

5203.60000
Private Sector
Deposits
3816.8

5203.60000
State
Government
Deposits

Local
Government
Deposits

Savings
Deposits:
1979.2
2321.1999999999998 2879.3
Private Sector
Deposits
1979.2
2321.1999999999998 2879.3
State
Government
Deposits

Local
Government
Deposits

Foreign
Currency
Deposits:

Domiciliary
Accounts

Other Deposits: 0

MONEY
MARKET
INSTRUMENTS:
34.4
116.3
107.6
Certificate of
Deposit Issued
34.4
116.3
107.6
Notes & Deposit
(Cash)
certificates

BONDS

Debentures

Notes & Deposit
(Cash)
certificates

FOREIGN
LIABILITIES:

231.10000000000002 262.5
Balance Held
for offices and
branches
Abroad
6.6
2.8
0.4
Balance held
for banks
outside Nigeria
109.4
228.3
262.100000
Money at call
with foreign
banks

Loans &
Advances from
other banks
outside Nigeria

CENTRAL
GOVERNMENT
DEPOSITS

Federal
Government
Time Deposits

Federal
Government
Demand
Deposits

Federal
Government
Savings
Deposits

CREDIT FROM
CENTRAL
BANK

Loans &
Advances from
CBN

CBN Overdrafts
to banks

CAPITAL
ACCOUNTS:
497.4
667.7
845.1
Capital
497.4
667.7
845.1
Reserve Fund

Reserves for
Depreciation &
non-performing
assets

Loans &
Advances from
Federal and
State Govt

Total loans /
lease loss
provision

UNCLASSIFIED
LIABILITIES:
8152.8
9627.9
11547.8
Inter-bank
liabilities
329.1
349.5
290.8
Balances held
for banks in
Nigeria
104.3
102.1
148.800000
Money at call
from banks in
Nigeria

Inter-bank
takings

Uncleared
effects

Loans &
Advances from
other banks in
Nigeria

Bankers
payments

Loans &
Advances from
Other creditors
89.8
115.4

Letters of
Credit

Takings from
Discount
Houses

Other
Liabilities:
7823.7
9278.4
11257
Accounts
Payables

Suspense
Account

Provision for
Tax Payments

Sundry
Creditors

Forex Awaiting
Cover

Exchange
Differential

Provision for
Bad Debt

FEM

Miscellaneous
7823.7
9278.4
11257
TOTAL
LIABILITIES:
19477.5
22661.9
26701.5
Source:
Computed from
Deposit Money
Banks' Returns
Note: Following
the adoption of
Universal
Banking in
Nigeria,
commercial and
merchant banks
figures were
merged from

Table
A.2.3:
Sectoral
Distribution
of
Commercial
Banks'
Loans and
Advances1
(N' Million)
P r o d u c t i o n
Agriculture,
ManufacMining
Period
Forestry
turing
and Quarying
and Fishery

590.6
2659.8

786.6
3037.6
94.3

940.4
3053.1
118.7

1052.0999999999999 3083.5
165.5

1310.2
3232.2
236.1

1830.3
4475.2

2427.1
4961.2
246.3

3066.7

227.3

3470.5
6671.7
271.600000000

4221.3999999999996 7883.7
362.4

5012.7
10911.3
541.799999999

6978.9
15403.9
759.7

10753
23110.6
1424.1

17757.7
34823.199999999997 -

25278.7
58090.7
12071.6

33264.1
72238.100000000006 15049.5

27939.3
82823.100000000006 20611

27180.7
96732.7
22848.2

31045.7
115759.9
24683.5999999

41028.9
141294.79999999999 32288.6

55846.1
206889
70477.1000000

59849.7
233474.7
70170

62102.8
294309.59999999998 95976.4

67738.600000000006 332113.7
131055.6

48561.5
352038.3
172532.1

49393.4
445792.6
251477.1

149578.9
487576
490712.9

106353.84736185
932799.45334747992 846942.843756

135701.30451533
993456.99962274998 1190731.58303

128405.95164552999 987640.99102281989 1178098.63832

Q1
146862.91941388001 1007399.0480592401 1348260.61011
Q2
155101.81287011001 910000.42233527009 1308677.95287
Q3
234121.71419351999 1087403.3372241298 1361666.35248
Q4
255205.29476771
1053213.32807472
1295298.86162

Q1
264651.34930798004 1082856.4043797001 1268115.98374
Q2
291204.67455460998 1088447.4535449399 1485939.85636
Q3
293001.63217933004 1109775.12869103
1625724.85275
Q4
316363.95819060999 1068341.7272808601 1771496.31295
Source :
Computed
from
Deposit
Money
Banks'
Returns
Notes:
1New
reporting
format
came into
effect as
from 1994
2Revised
Table
A.2.4.1:
Money
Market
Interest
Rates (Per
cent)
Central Bank
Minimum
Treasury
Certificates1
Rediscount
Treasury
One Year
Tw
Yea
Period
Rates
Bill Rate
Maturity
Ma

5.5

7.5

7.5

8.5

9.5

8.5

9.5

8.5

9.5


14.5

15.

17.5

26.9
27.4
27.

13.5
12.5

13.5
12.5

13.


13.5

...
...

14.308066759388039 12.950834492350486 ...
...

...
...

13.5

...
...

14.308066759388039 12.950834492350486 ...
...

18.88
...
...


14.21
...
...

6.9950000000000001 ...
...

12.25
8.7999999999999989 ...
...


Q1

Q2

6.80 - 10.99
...
...
Q3

Q4

10.10 - 16.75
...
...

10.00 - 17.20
...
...
Q1

12.00 - 17.20
...
...
Q2

11.00 - 15.70
...
...
Q3

10.50 - 15.38
...
...
Q4

10.00 - 13.39
...
...
Source :
Central
Bank of
Nigeria
Notes:
1Treasury
Certificates
started in
1968 and
terminated
in 1995
... means
not
applicable
Table
A.2.4.2:
Weighted
Average
Deposit and
Lending
Rates of
Commercial
Banks
Period
Savings
Prime1
Maximum

7.75

7.5
10.25
11.75

7.5

11.5

9.5
12.5

9.5
9.25
11.75

9.5
10.5

17.5
19.2

14.5
16.5
17.6000000000

16.399999999999999 26.8
24.6

18.8
25.5
27.7

14.29
20.010000000000002 20.8

16.100000000000001 29.8
31.2

16.66
18.32
36.0900000000

13.5

12.61
20.18
20.79

11.69
19.734999999999999 20.8575000000

4.7949999999999999 13.5425
23.3150000000

5.49
18.2925
21.3374999999

5.33
21.32
27.19

5.29
17.98
21.55

5.49
18.2925
21.3374999999

4.1500000000000004 24.85
30.19

4.1100000000000003 20.71
22.88

4.1900000000000004 19.18
20.82

3.83
17.95
19.4899999999

3.14
17.260000000000002 18.7

3.5449999999999999 16.9375
18.3624999999

2.8351051735668453 15.135431097964885 18.6974283067

2.6758333333333333 18.990833333333335 22.6225000000

2.2054760160644169 17.585619776284673 22.5088589011

1.410540889601277
16.021312678181349 22.4159819273
Q1
1.4406701674354434 15.778074985108544 21.9986980271
Q2
1.3784253451898565 15.776574228119017 22.1093746244
Q3
1.4221527735511146 15.841984232431306 22.2611864283
Q4
1.4009152722286931 16.68861726706653
23.2946686295

1.6986497418592916 16.790310674021502 23.7875001961
Q1
1.5303662999550116 17.100166493473218 23.1436962141
Q2
1.7850197380544932 16.935905967416719 23.3961172346
Q3
1.7882468509059493 16.617919231364066 23.9582972996
Q4
1.6909660785217122 16.507251003831996 24.6518900359
Source:
Central
Bank of
Nigeria
Notes:
1Formerly
referred to
as First
Class
Advances
Universal
Banking
was
adopted in
2001,
hence
Commercial
& Merchant
Banks
became
Deposit
Money
Banks
(DMBs)
Table A.2.5:
Selected
Financial
Ratios of
Commercial
Banks
(Percentage)
Period
Liquidity Ratio1
Cash Reserve Ratio2
Loan
Rati
Actual
Prescribed
Minimum
Prescribed
Actu

38.5
74.5

40.5
84.6

54.7
83.8

65.099999999999994
81.9

66.9

36.4
83.2

46.5
72.9

66.9

40.299999999999997
80.4

44.3
66.5

38.6
59.8

29.1
55.2

42.2
42.9

48.5
60.9

33.1
73.3

43.1
72.9

40.200000000000003
76.5

46.8
74.4

54.6

64.099999999999994

52.9
65.6

52.45
62.7

50.9
61.8

50.475000000000001
68.6

50.174999999999997
70.8

55.7
63.6

48.75

70.7

44.253875688862223 35

80.9

30.7

1.25
85.6

30.425000000000001 25

74.2

Q1
23.307957921142169 30
1.4930846027446847 48.3
Q2
17.899999999999999 30
3.7514744990374451 44.8
Q3
19.957375282733157 30
4.0033105247290299 43.4
Q4

44.7

Q1
46.5

Q2
49.232036383828714 30

46.8
Q3
47.586861464329132 30

44.5
Q4
49.718722095003507 30

42.3
Source:
Central
Bank of
Nigeria
Notes:
1Liquidity
ratio is the
ratio of total
specified
liquid assets
to total
current
liabilities
2Cash
reserve ratio
is the ratio
of cash
reserve
requirement
to total
deposit
liabilities
3Loan-toDeposit
ratio is the
ratio of total
loans and
advances to
total deposit
liabilities
Table A.2.6:
Deposits and Loans
of Rural Branches of
Commercial Banks
(N' Million)
Year/Quarter
Deposits
Loans

111.7
35.9

131.19999999999999 44.2

276.60000000000002 58.2

311.39999999999998 114.9

873.5
373.6

1229.2
492.8

1378.4
659.9

3721.1

8360.1
4730.8

10580.7
5962.1

4612.2
1895.3

19542.3
10910.4

4855.2
1602.2

8807.1
8659.2999999999993

12442
4411.2

19047.599999999999 11158.6

18513.8
11852.7

15860.5
7498.1

20640.900000000001 11150.3

16875.900000000001 12341

14861.6
8942.2000000000007

20551.8
11251.9

64490
34118.5

18461.900000000001 16105.5

3118.6
24274.6

3082.3
27263.5

13411.807559209999 46521.477695000001

3296.2273579400003 15590.500285

20.79
16555.98

Q1
24.86
16919.59
Q2
27.36
16261.67
Q3
22.23
18132.64
Q4
20.184072910000001 19980.30255

Q1
19.967823920000001 20257.625102999998
Q2
20.645741309999998 23263.324443000001
Q3
20.772686030000003 24681.143673999999
Q4
19.723217039999998 22579.970439000001
Source : Central
Bank of Nigeria
Note: Rural banking
started in 1977
Table A.2.7.1: Number of
Commercial Banks
Branches in Nigeria and
Abroad
Branches
Period
Number Urban
Rural Abroad1 Total
of
Banks

2005 2

Source : Central Bank of
Nigeria
Note: Classification of
Branches into Urban and
Rural stopped in 2005 due
to consolidation of banks
1Abroad comprises
branches and subsidiaries
2The number of banks
reduced to 25 following
consolidation of banks
Table
A.2.7.2:
Number of
Commercial
Banks
Branches in
Nigeria (by
States) and
Abroad
2006 2007 2008 2009 2010 2011
Q4
Q4
Q1
Q2
Q3
Q4
Number of
Banks

Branches
Abroad2

Number of
Deposit
Money
Banks
Branches in
Nigeria by
State1
Abia

Abuja(FCT) 163

Adamawa

Akwa-Ibom 60

Anambra

Bauchi

Bayelsa

Benue

Borno

Cross-River 36

Delta

Ebonyi

Edo

Ekiti

Enugu

Gombe

Imo

Jigawa

Kaduna

Kano

Katsina

Kebbi

Kogi

Kwara

Lagos
1038 1407 1551 1690 1766 981
1284 1509 14
Nasarawa

Niger

Ogun

Ondo

Osun

Oyo

Plateau

Rivers

Sokoto

Taraba

Yobe

Zamfara

TOTAL
3233 4200 4952 5436 5809 3377 4577 5190 54
Source :
Central
Bank of
Nigeria/
Nigerian
Deposit
Insurance
Corporation
Notes:
1This
includes
cash
centers
2Some
bank
branches
became
subsidiaries
Table A.2.8:
Commercial
Banks'
Loans to
Small Scale
Enterprises1
Period
Commercial Banks
Loans
Commercial Banks
Commercial Ban
Loans
To Small Scale
Total Credit to
Private
To Small Scale
Enterprises as
Enterprises (N'
Million)
Sector (N' Million)
Percentage of T
Credit (%)

20400
75456.299999999988 27.0355159211

15462.9
88821
17.4090586685

20552.5
143516.79999999999 14.3206230908

32374.5
204090.59999999998 15.8628079882

42302.1
254853.09999999998 16.5986209310

40844.300000000003 311358.40000000002 13.1180979861

42260.7
366544.1
11.5294994517

46824
449054.3
10.4272467717

44542.3
587999.9
7.57522237673

52428.4
844486.2
6.20831933073

82368.399999999994 948464.1
8.68439828138

90176.5
1203199
7.49472863591

54981.2
1519242.7
3.61898727569

50672.6
1991146.42
2.54489571891

25713.7
2609289.4
0.98546753763

41100.400000000001 4820695.7
0.85258233578

13512.20422159
7799400.1132610394 0.17324671161

16366.485012469999 9667876.6775001772 0.16928727535

12550.3
9198173.0575210787 0.13644339937

Q1
13133.23678616
9009438.8557658698 0.14610287407
Q2
109587.19760191
9231557.3861079682 1.18709328251
Q3
14952.4760971
10240403.486577002 0.14601452097
Q4
15611.7
9614445.7984891199 0.16237753404

Q1
14875.073296729999 9520551.9726192486 0.15624171097
Q2
15065.36516238
10048406.516823487 0.14992790286
Q3
14995.818688610001 10274095.4
0.14594544416
Q4
13863.462939219999 10440956.329526043 0.13277962766
Source :
Computed
from
Deposit
Money
Banks'
Returns
Notes: This
table
contains
revised
figures
1The
abolition of
mandatory
banks'
credit
allocations
of 20% of
it's total
credit to
small scale
enterprises
wholly
owned
by
Nigerians
took effect
from
October 1,

Small Scale
Enterprises
started in

Table A.3.1:
Summary of
Assets &
Liabilities
of Primary
Mortgage
Institutions
(N'
Millions)
ITEM

ASSETS :
1. Cash
29.3
42.5
30.9
2. Balance
held with
446.6
504.1
811.699999999
(a) FMBN
61.3
84.1
84.4
(b) Other
banks
385.3

727.3
3. Treasury
Bills/
Certificate

135.6

4.
Placements/
Investments
895.5
1185.3
611.799999999
5. Loans
208.9
334.7
560.299999999
6. Other
Assets
662.9
1408.5
1055.59999999
Total Assets 2243.2000000000003 3610.7
3070.29999999
LIABILITIES
:
1. Capital
441.5
845.7
1228.59999999
2. Reserves
55.2
-60.3
-125.4
3. Savings
292.10000000000002 326.39999999999998 399.2
4. Fixed
Deposits
626.39999999999964 1249.9000000000001 645
5. Balance
held for
other Fin.
Ints.
337.5
567.9
213.9
6. Other
Liabilities
490.5
681.1

Total
Liabilities
2243.1999999999998 3610.7000000000003 3070.29999999
Number of
Reporting
PMI

Loans to
deposits
Ratio
3.2
21.2
53.7
Liquidity
Ratio
6.9
31.8

Liquid
Assets
475.9
682.2
842.6
Current
Liabilities
6891.8
2144.1999999999998 1258.09999999
Deposits
6554.3
1576.3
1044.2
Source:
Central
Bank of
Nigeria
Note:
Liquidity
Ratio =
Liquid
Assets/
Current
Liabilities x

Table A.3.2:
Summary of
Assets/
Liabilities of
Discount Houses
- Assets (N'
Million)
ASSETS

1995 1
CASH AND
BALANCES
WITH BANKS
6.4
50.5
71.3269999
i) Cash on hand 0.1
0.2
0.19800000
ii) Balances
with CBN

15.4
-2.2549999
iii) Balances
with other
banks
6.3
34.9
73.384
CLAIMS ON
FEDERAL
GOVERNMENT
4213.2
7126.2
1552.64200
i) Treasury Bills 4213.2
7125.9
1552.64200
a) Pledges

668.15
b) Unpledged

884.491999
c) Bill with PDO
(CBN)

ii) Treasury
Certificate
Maturing

a) Within 1 year 0

b) 1-2 years

iii) Treasury
Bonds

a) Pledges

b) Unpledged

iv) Eligible
Development
Stock

0.3

CLAIMS ON
STATE
GOVERNMENTS

i) State
Promissory
Notes

ii Eligible State
Bonds

CLAIMS ON
BANKS
138.69999999999999 2308.1
471.074999
i) Money at Call 0

ii) Loans and
Advances

iii) Commercial
Bills:
460.074999
a) Bankers
Acceptances
138.69999999999999 2076.1
410.074999
b) Promissory
Notes

c) Negotiable
Certificate of
Deposit

d) Stabilisation
Securities

iv) Others

CLAIMS ON
OTHER
FINANCIAL
INSTITUTIONS
251.95
Money at Call
251.95
Loans and
Advances

Commercial
Bills:

a) Promissory
Notes

b) Negotiable
Certificate of
Deposit

Others

CLAIMS ON
OTHERS
915.832999
Commercial
Bills
915.832999
Loans and
Advances

Others (CBN
Certificate)

OTHER ASSETS 103.5
98.4
89.2840000
FIXED ASSETS
79.7420000
TOTAL ASSETS
4461.7999999999993 9583.1999999999989 3431.85300
ASSETS ON
REPURCHASE
TRANSACTION
12190.0650
Treasury Bills
7012.88900
Treasury Bills
(Bonds)
-
Fixed Buy Back
Repo
-
Eligible
Commercial
Bills
5177.17600
Treasury Bills
Repo with CBN
-
Treasury Bills
Repo with other
Discount House
-
Source: Central
Bank of Nigeria
Note: 1A new
reporting
format was
introduced in
June 1995
Table A.3.3:
Summary of
Assets/Liabilities
of Discount
Houses -
Liabilities (N'
Million)
LIABILITIES

1995 1

CAPITAL AND
RESERVES

565.70000000000005 865.47400000000005 12
i) Paid-up Capital 385
437.5
667.45

ii) Statutory
Reserves
0.5
18.5
51.005000000000003 12
iii) Share
Premium
64.918999999999997 37
iv) Other
Reserves
50.5
109.7
82.1

v) General
Reserve

MONEY-AT-CALL 3350
5517.6
707.93700000000001 76
i) Commercial
Banks
678.86900000000003 61
ii) Merchant
Banks

iii) Non-Bank
Financial
Institutions
4.0679999999999996 12
iv) Others

0.
v) Associated
Treasury Notes

OTHER AMOUNT
OWING TO:

i) Commercial
Banks

ii) Merchant
Banks

iii) Non-Bank
Financial
Institutions

1.
iv) Others

BORROWINGS
2.9
2347.5

i) Central Bank of
Nigeria
2.6

ii) Overdrafts

iii) Other Banks
0.3
2347.5

OTHER
LIABILITIES
672.9
1152.4000000000001 1248.442

TOTAL
LIABILITIES
4461.8 9583.1999999999989 3431.8530000000001 11
LIABILITIES FOR
ASSETS SUBJECT
TO
REPURCHASE
ARRANGEMENTS
12190.065000000001 32
- Repo with CBN

- Repo with
Banks
7900.9660000000003 27
- Fixed Buy Back
Repo

- Repo with
Discount Houses

- Repo with
Others
4289.0990000000002 0
Source: Central
Bank of Nigeria
Note: 1A new
reporting format
was introduced in
June 1995
2Revised
Table
A.3.4:
Selected
Financial
Ratios of
Discount
Houses
ITEM
Target 1993

Assets
Structure
Assets
4029614
7125921
15526
Treasury
Bills of
Less Than
91 Days
Maturity
4029614
7125921
15526
Treasury
Bonds

Liabilities
3352974
7865119
13179
Money at
Call
3350050
5517625
70793
Borrowings

2347494
61000
Other
Amounts
Owing

Structure
of Assets
Ratio1 (%)

120.2
90.6
117.8
Total
Borrowings
& Amount
Owing

2347494
61000
Borrowings

2347494
61000
Amount
Owing

Capital &
Reserves
436003
565672
86547
Capital
385000
437500
66745
Reserves
51003
128172
19802
Gearing
Ratio: x:1
x=50 7.0000000000000001E-3 4.1500000000000004 0.704
Source:
Central
Bank of
Nigeria
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.3.5:
Summary of
Assets &
Liabilities of
Community/
Microfinance
Banks (N'
Million)
ITEM

ASSETS :
Cash in hand
66.7
190.7
233.1
Balance with
other banks
245.9
781.2
879.8
Money at call
197.7
695.7
773.2
Bills Discounted
23.3
23.4
24.7
Loans &
Advances:
135.80000000000001 654.5
1220.5999
(a) Agriculture &
forestry
29.5
123.2
155.4
(b) Mining &
Quarrying
3.7
5.7
32.200000
(c)
Manufacturing &
Food Processing
19.899999999999999 129.6

(d) Real Estate &
Construction
14.6
47.5
34.9
(e) Transport/
Commerce
45.6

513.79999
(f) Others
22.5
68.5
283.3
Investments
118.4
326.60000000000002 491.4
Equipment on
Lease
-
-

Fixed Assets
124.9
406.4
753.7
Other Assets
54.5
120.1
310.7
TOTAL ASSETS
967.2
3198.6
4693.2
LIABILITIES:
Deposits
639.6
2188.2000000000003 3216.7
(a) Demand
207.9
588.5
836.3
(b) Savings
304.2
1107.9000000000001 1865.7
(c) Time
127.5
491.8
514.70000
Money at Call
Takings

-
5.0999999
Balances held for
Banks
39.5
63.9
33.6
Matching Loans
36.9
74.599999999999994 71.099999
Other Loans1

-
108.2
Shareholders
Funds

625.29999999999995 935.4
(a) Paidup
Capital
197.9
417.2

(b) Reserve
29.1
208.1
166.4
Other Liabilities
24.2
246.60000000000002 323.10000
TOTAL
LIABILITIES
967.2
3198.6
4693.2
Number of
Reporting Banks

Loans to Deposit
Ratio2
23.428066558680609 30.100794813729404 38.253363
Liquidity Ratio3
75.143572375202467 74.046445539718476 57.937580
Source: Central
Bank of Nigeria
Notes: 1Other
Loans consists of
donations/
grants/
subventions
2Loans to Deposit
ratio= (Loans
and
advances+Bills
discounted)*100/
(deposits+money
at call Takings
+balances held
for banks)
3Liquidity 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
4Revised
5Provisional
Table A.3.6:
Summary of Assets
and Liabilities of
Finance Houses (N'
Million)
ITEM

ASSETS
1. Liquid Assets

4446.5
3655.
Cash in Hand
40.04
239.20400000000001 271.1
Balances with Banks
245.96
1469.396
1665.
Placements with
Other Finance
Companies

2737.9
1718.
2. Domestic Credit
1512.8

4787.
Investments
380.7
1298.5
1333.
Net Loans &
Advances
1132.0999999999999 4335.5
3453.
Equipment on Lease

3. Other Assets
403.1
1798.1
1636.
4. Fixed Assets

1507.2
1581.
Total Assets
2445.9
13385.800000000001 11660
LIABILITIES
1. Shareholder' Fund
576.6
2668.2
2111.
Paid - Up Capital
554.9
2668.2
2111.
Reserves
21.7

Published Current
Year Profit/Loss

2. Taking from Other
Finance Companies

1592.2
1434.
3. Long Term
Liabilities

4. Total Borrowings

6969.9
5449.
5. Other Liabilities
577.29999999999995 2155.5
2664.
Total Liabilities
2445.8999999999996 13385.8
11660
Source: Central Bank
of Nigeria
73232.399999999994
#REF!
1622880.6
1696113
#REF!


Table A.3.7:
Number of
Development &
Specialised
Banks/
Institutions
BANKS /
INSTITUTIONS
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
DEVELOPMENT
BANKS

Educational
Bank


Urban
Development
Bank


Nigerian Export
and Import
Bank
-

Bank of
Industry

Nigeria Agric.
Credit Dev.
Bank

Federal
Mortgage Bank

SPECIALISED
BANKS:

1150 1245 1630 1646 1293 1293 1292
Community
Banks
(Microfinance
Banks)

1355 1368 1015 1015 1014
Peoples Bank (
Branches )

SPECIALISED
FINANCIAL
INSTITUTIONS:

Finance Houses

Insurance
Companies
(Reporting)

Discount
Houses
-
-
-

Primary
Mortgage
Institutions
-

National
Economic
Reconstruction
Fund
(NERFUND)

National Social
Insurance Trust
Fund (NSITF)

Nigeria Deposit
Insurance
Company
(NDIC)

Securities and
Exchange
Commission
(NSE)

National
Insurance
Commission
(NAICOM)

National
Pension
Commission
(PENCOM)
Source: Central
Bank of Nigeria
Note:
Community
Banks
transformed to
Microfinance
Banks in
December 2006
Table A.4.1:
Value of
Money
Market
Instruments
Outstanding
as at EndPeriod (N'
Million)
Period
Treasury
Treasury
Eligible DeveloBills
Certificates
pment Stocks1

2307.6
98.9

1668.6
93.8

13476

90.5

15476

87.4

16976

-

16976
6654.7
14.6

25226
6664.1
28.3

35476
6794.6
5.9

24126
6944.6
-

25476
34214.6
-

56728.3
34214.6
-

103326.5
35241.4
-

103326.5
36584.300000000003 10

103326.5
37342.699999999997 -

103326.5
23596.3
-

103326.5
-
-

221800.5
-
-

221801.5
-
790.3

361758.4
-
952.8

465535.8
-
2406.30000000

584535.80000000005 -
3704.7

584535.80000000005 -

825054.5
-
33254.9

871577
-
32758.7

854828
-
101361.5

701399.8
-
319332.3

574929.42999999993 -
694061

471929.5
39705.9
914106.1


1448129.89

Q1
1439591.3149999999 0

Q2
1561424.8389999999 0

Q3
1607835.017

Q4
1727914.3640000001 0

Q1
1947185.098

Q2
2084590.382

Q3
2132926.9569999999 0

Q4
2122926.9569999999 0

Source:
Central
Bank of
Nigeria
Note:
1From
1975 to

Certificate
of Deposits,
Bankers
Unit Fund
& Eligible
Devt Stocks
were
lumped
together
2Revised
Table A.4.2:
Treasury Bills
Issues and
Subscriptions
(N' Million)
S u b s c r i p t i o n s
Period
Issues
Central
Commercial
Bank
Banks

11975.999999999998 5890.4
5438.4

26476
18283.099999999999 7522.1

45831.999999999993 28445
15805.7

55904.000000000007 28107.9
24820.9

6875.9999999999991 4372.5
2099.5

65904.000000000015 40626.6
22415.200000

88663.999999999985 70837.399999999994 16573.900000

111154.00000000001 89015.2
20878.8

130554
106569.60000000001 13887.8

91903.9
33020.5
17116.599999

133156
77729
25609.7

135969.90000000002 123163.3
4473.8

112326.50000000001 97959.6
7541.6

103326.50000000001 92292
5343.3

103326.40000000001 86938.8
9099.5

103326.5
33856.400000000001 32028.9

72930.900000000009 54319.6
11089

88930.9
61768.7
12864.7

80930.899999999994 17367.099999999999 38568.400000

86895.1

58257.2

1985453.2
1065709.3
686183

2421143.2000000002 929123.2
998915.2

3026347.1
789158

3467740.5
811945.2
1403052.4

2521730
996108.86
1257194.77

1509070
643210
771570
Source:
Central Bank
of Nigeria
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.
2Others
include
Federal, State
and Local
governments,
Discount
Houses and
other
companies
Table
A.4.2.1:
Treasury
Bills Issues,
Subscriptions
and
Allotments 1
(N' Million)
Allotments
Period
Issues
Total
Central
Subscriptions
Bank

1304182.74
3141189.05
25069.847999
Q1
343106.56
850511.90999999992 0
Q2
360929.43
923260.26

Q3
328216.70999999996 502476.68000000005 19586.775999
Q4
271930.04000000004 864940.2
5483.0720000

916281.6
2787775.5300000003 7584.3300000
Q1
253217
594467.48
6376.7400000
Q2
241274.33999999997 977616.13000000012 1200.1399999
Q3
165217.01
432583.72000000003 0
Q4
256573.25
783108.2
7.45

1392430
2541080

Q1
275580
679000

Q2
341580
560000

Q3
322230
493680

Q4
453040
808400

2003950
4324860

Q1
315050
981890

Q2
419410
857240

Q3
598640
1310570

Q4
670850
1175160

3048490
6512720

Q1
706570
1724200

Q2
759910
1938920

Q3
709220
1373590

Q4
872790
1476010

3609654.0719999997 8750485.4989999998 163857.24400
Q1
947451.321
1947967.2
163857.24400
Q2
970821.44799999997 2518619.46

Q3
822050.723
2215153.6179999998 0
Q4
869330.58
2068745.2209999999 0
Source:
Central Bank
of Nigeria
Notes: 1
Table
presents
revised
template and
data.
2Comprises
allotments to
Money
Market
Dealers
(MMDs),
Mandate/
Internal
Accounts
and Brokers.
Table A.4.3: Holdings
of Treasury Bills
Outstanding (N'
Million)
Total Outstanding1
Holders
Period
Central Bank
Merch
including Rediscounts Banks

3404.9
51.1

5463.7
171.7

13476
6018.1
374.5

15475.400000000001 4860
876.5

16976
6184.1
1027.

16976
11585

25226
14215.3
260.6

35475.999999999993 22560.3
159.1

24126
11164
84.6

25476
3403.9
346.1

56728.3
34756

103317.5
81143
1004.

103326.5
47386.5
9393.

103326.5
30184.2
28286

103326.5
41984.1
2105.

103326.5
9490.9
8947.

221800.5
141676.6
6384.

221801.5
132513.4
8165.

361758.4
79860.5
12723

465535.8
87355.5
12439

584535.80000000005 325328.5
-

584535.80000000005 134960.70000000001 -

825054.5
255664.6
-

871577
60807.4
-

854828
82679
-

701399.8
24514.93
21612

574929.42999999993 5940.84
25655

471929.5
410.2
26529

797482.48
1900.3
59339

1277100.0000000002 24480
32730

Q1
1439590
30660
17351
Q2
1561420
19420
83750
Q3
1607830

36899
Q4
1727910
69300
20036

Q1
1947185.1
163893.84
36462
Q2
2084590.38
111734.64
47703
Q3
2132926.9500000002 62323.98
30148
Q4
2122926.96
62323.58
31708
Source: Central Bank
of Nigeria
Notes: 1Nominal
value
2Since the Adoption
of Universal Banking
Practice in 2001,
Merchant Banks and
Commercial Banks
figures are aggregated
under Commercial
Banks
3Includes statutory
boards, corporations,
savings-type
institutions, local
governments,
companies,individuals
and public accounts
with CBN from 1989
4The figures from
2007 are that of
Discount Houses
Table A.4.4:
Holdings of
Treasury
Certificates
Outstanding
(N'Million)
Total Outstanding1
Holders
Period
Central
Commercial
Bank
Banks

2301.6
1112.5999999999999 850.4

1665.6
900.3
625.79999999

4914.3999999999996 3560.7
798.7

6413.0999999999995 4304.2
1429.5

8354.0999999999985 3724.4

6654.7
4518.3
1360.8

6654.0999999999995 3431.6
2322.1999999

6794.6
3670.4
2035.7


34214.600000000006 32813.300000000003 559.29999999

34214.6
22896.6
324.60000000

36584.299999999996 35307.699999999997 673.7

37342.699999999997 22365.9
614.29999999


Source:
Central Bank
of Nigeria
Note:
1Nominal
Value
2Includes
Statutory
Boards/
Corporations,
Savings -
type
Institutions,
Local
Government,
Companies
and
Individuals
3Includes
new issues of
TC of N27.3
billion
4Total
outstanding
Treasury
Certificates
were
converted
into treasury
bonds with
effect from
16th March,

Table.4.5:
Holdings of
Development
Stocks (N'
Million)
Period
Central
Commercial
Merchant
Bank1
Banks
Bank2

1529.1
361.9
1.5

1658.6
328.8
1.9

1768.6
301.60000000000002 3.3

1536.6
272.10000000000002 1.1000000000

1613.4
395.7

1618.3
545.70000000000005 11.7

1550.3
537.20000000000005 5.0999999999

1450.5
404.9
13.6

1484.9
39.5
6.1

1497.8
156.80000000000001 6.7

807.9
33.5
6.4

121.6
29.5
3.6

1506.2

-

1207.5
-
-

918.1
14.7
-

471.1

1193.3

494.4

157.80000000

671.6

251.3

251.3

6903.4
2692.7249999999999 0

32504.9
-

32758.7
-

158.57

102.50700000000001 0

143.88900000000001 0

129.19999999999999 0

24.645

2011 3

Source:
Central Bank
of Nigeria
Notes:
1Exclude 20
billion naira
Treasury
Bonds issued
in March,

2Merchant
Banks ceased
after the
adoption of
universal
banking
practice in
2001.
3The
development
stocks
outstanding
as at
end-2010
were fully
redeemed at
end-March
2011.
Foreign
holdings of
Development
Stocks are
negligible
Table A.4.6:
Transactions
at the
Nigerian
Stock
Exchange
Number of Deals
Year
Industrial
Loan
ETF Bond Equities Total
Govt.

10081
-
10199

-
10014

11633
-
11925

17250
-
17444

23231
-
23571

27448
-
27718

20189
20525

-
21460
21560

-
33273
33444

39103
39270

41716
41770

48944
49029

40331
40398

42010
42074

49549
49564

49489
49515

78078
78089

84931
84935

123505
123509

256515
256523

426149
426163

451847
451850

621697
621717

973510
973526

4.4000000000000004 19.2
1021943 102196

1367948 136795

2614983 261502

3535493 353563

1739349 173936

1925471 192547

1235434 123546

452 2
1147128 114762
Source:
Nigerian
Stock
Exchange
Notes:
Industrial
loans figure
for
1961-1986
includes
equities
Active
Trading
Started in
June 1961
Exchange
Trust Fund
(ETF) is an
investment
instrument
introduced
in 2011
Table
A.4.7.1:
All Share
Index on
the
Nigerian
Stock
Exchange
Year
January
February
March

111.3
112.2
113.4

134.6
139.69999999999999 140.80000000000

166.9
166.2
161.69999999999

190.8
191.4
195.5

239.7251

256.89999999999

349.3

528.70000000000005 557

810.7
839.1

1113.4000000000001 1119.9000000000001 1130.5

1666.3
1715.3
1792.8

2285.3000000000002 2379.8000000000002 2551.1

5135.1000000000004 5180.3999999999996 5266.2

7268.3
7699.3
8561.4

6435.6
6426.2
6298.5

5494.8
5376.5
5456.2

5752.9
5955.7
5966.2

8794.2000000000007 9180.5
9159.7999999999

10650
10581.9
11214.4

13298.8
13668.8
13531.1

22712.880000000001 24797.43
22896.400000000

23078.3
21953.5
20682.400000000

23679.4
23843
23336.6

36784.5
40730.699999999997 43456.1

54189.919999999998 65652.38
63016.56

21813.759999999998 23377.14
19851.89

22594.9
22985
25966.25

26830.7
26016.799999999999 24621.200000000

20875.830000000002 20123.509999999998 20652.47
Source:
Nigerian
Stock
Exchange
Note:
1All
Share
Index
started in
January,

Table
A.4.7.2: Total
Annual
Market
Capitalization
on The
Nigerian
Stock
Exchange (N'
Billion)
Year
Government Stocks/
Securities
Debt/Bonds
ETF Equities

3.1

1.9

3.5

2.200000

2.9
0.2
2.4

3.5
0.4
2.7

2.7
0.4
3.7

4.2

4.5
0.4
5.099999

4.2
0.6

3.4
0.8
12.1

3.3
1.4
18.39999

3.2
1.8
26.2

3.6
2.1
41.8

3.2
2.1

3.2
2.1
175.1

279.8

2.8
2.8
276.3

2.7
3.1
256.8

2.4
3.1
294.5

2.1
4.0999999999999996
466.1

8.3000000000000007 5.8
648.4

12.7
3.5
748.7

25.2
8.4
1325.7


4421.04
1400.433626857

8974.450
Note:
Exchange
Trust Fund
(ETF) is an
investment
instrument
introduced in

Source:
Nigerian
Stock
Exchange
1Revised
Table
A.4.7.3:
Nigerian
Stock
Exchange
Market
Capitalization
- Equities
Only (N'
Billion)
Year
January
February
March

4.8164972962893895 4.8554447137796011 4.9073746037

5.8248026602026224 6.0455046926471496 6.0931070918

7.2225821990179622 7.1922897631922424 6.9975526757

8.2568525079246697 8.2828174529181418 8.4602445770

10.374081725091676 10.862001988936539 11.117323948

14.843293554602523 15.115925477033997 15.405867362

22.879444030082666 24.104123935608179 26.008219901

34.360277208030325 35.082968177015353 36.311975573

48.182282926222882 48.463569830318853 48.922283858

72.108979737708992 74.229450245509341 77.583255640

98.896147989309469 102.98562682578159 110.39861862

222.22098172664553 224.18133507365278 227.89432220

314.53501616010936 333.18650164708805 370.49380011

278.5
278.2
272.60000000

247.6
242.7
246.3

321.3
332.6
333.2

506.1
542.79999999999995 541.5

629.9
625.9
663.3

841.2
864.6
846.9

1534.8574121951101 1740.2

1863.6901898864801 1783.1636898278

2566.4
2574.1
2510.8000000

4976.2997116833794 5510.1517687488795 6150.0491393

10692.738058529301 12503.2
12125.895279

4879.1000000000004 5231.8999999999996 4483.5

5441.5876318420305 5535.7471679987502 6280.5987499

8744.2000000000007 8315.6
7866.7

6579.1049999999996 6342
6549.8419999
Source:
Nigerian
Stock
Exchange
Table
A.5.1:
Savings
Statistics -
Cumulative
(N' Million)
Period
Savings and Time
Deposit with Comm.
Bank
National
Provident
Fund
Federal Savings Bank Feder
Bank

5796.1
375.3
7.1

6338.2
411.5

69.3

8082.9
472.3

89.9

9391.2999999999993 504.1

10550.9
540.5
8.1


15088.7

16.899999999999999 133.6

18397.2

22.4
195.5


30359.7

-
433.7


154055.70000000001 -
-
-


556011.69999999995 1365.3

22300

655739.69999999995 -
-
-


1316957.3999999999 -
-
-


5763511.2153961603 -
-
-

5954260.4522725996 -
-
-

6531913.0086532207 -
-
-

8062104.8126581004 -
-
-
Source:
Central
Bank of
Nigeria
Note:
1Consists
Peoples
Bank,
Community
Banks and
Non
Interest
Banks
Table A.6.1:
Income and
Expenditure
of Insurance
Companies
in Nigeria (N'
Thousand)
I n c o m e
Wholly
Joint
Foreign1 All
Year
Nigerian
Com

151187
89479

159560
99950

171959
56674

140593
97002

118622
86464

148792
114900

259669
160289

300351
206324

507450
194314

657155
391288

842364
491873

1501231
1016670

5087311
813946

13649482
1022193

13520921
1066728

11202468
1948095

13405788
3113230

14756790
3089681

1999 2
8996087.5283242259 1883542.4716757727 0

11615534.671297198 2431985.3287028004 0

15248142.747829529 3192557.252170471

18131387.630630165 3796232.3693698323 0

30435320.046148058 6372349.953851941

34258357.296997257 7172792.7030027388 0

41631695.546604142 8716574.4533958565 0

42880646.399999999 8978071.6869977321 0

2007 3
N/A
N/A
N/A

2008 3
N/A
N/A
N/A

2009 3
N/A
N/A
N/A

2010 3
N/A
N/A
N/A

2011 3
N/A
N/A
N/A

Sources:
Central Bank
of Nigeria
Annual
Survey and
National
Insurance
Commission
(NAICOM)
Annual
Reports
Notes: CBN
had not
conducted
Insurance
Annual
Survey since

1Wholly
Foreign
owned
insurance
companies
ceased to
exist in
Nigeria since
the
promulgation
of the
Nigerian
Enterprises
Promotion
Decree of

2From 1999,
the
breakdown
of income
and
expendicture
were
extracted
from
NAICOM
Annual
Report
3Revised
(NAICOM
Annual
Report,
2011)
Table A.6.2:
Sources of
Income of
Insurance
Companies
in Nigeria -
All
Companies1
(N'
Thousand)
GENERAL
(NON
LIFE)
Sub Total
Motor
Em
Premiums
Fire
Accident
Vehicle
Lia
Year
(A)


67465560
12252550 11050140
16322630 758


Sources:
Central Bank
of Nigeria
Annual
Survey and
National
Insurance
Commission
(NAICOM)
Annual
Reports
Notes: CBN
had not
conducted
Insurance
Annual
Survey since

All
Companies
comprises
Nigerian,
Foreign and
Jointly
owned
companies
1Wholly
Foreign
owned
insurance
companies
ceased to
exist in
Nigeria since
the
promulgation
of the
Nigerian
Enterprises
Promotion
Decree of

2From 1999,
the
breakdown
of income
were
extracted
from
NAICOM
Annual
Report.
3Revised
(NAICOM
Annual
Report,
2011)
Table A.6.3:
Breakdown
of Total
Expenditure
of Insurance
Business -
All
Companies1
(N'
Thousand)
GENERAL
(NONLIFE)
Claims
Fire
Accident
Motor
Empl
Year
(A)
Vehicle
Liabi

74208

46951

79173

44651

78580

55641

77704

53710

63999
-14.0

54152

86390

54220

109430
16421

55637


6856145
1857870
109284.99999999999 2818650


12084040 2724430
2852920
3476240

12402400 2766710
3138160
3733390

76276110 6662980
15239750
20734980 9127

15843730 1793390
3829060
6196120

25864870 6076600
4467500
9935500


Sources:
Central Bank
of Nigeria
Annual
Survey and
National
Insurance
Commission
(NAICOM)
Annual
Reports
Notes: CBN
had not
conducted
Insurance
Annual
Survey since

11970 -
1998 data
were
sourced
from Central
Bank of
Nigeria
Annual
Survey
2From 1999,
the
breakdown
of
expendicture
were
extracted
from
NAICOM
Annual
Reports
3Revised
(NAICOM
Annual
Report,
2011)
Table
A.6.4:
Breakdown
of Total
Assets of
Insurance
Companies
(N'
Million)
Year
General Business
Life
Total

21332.84
7602.09
28934.93

29312.5
8615.68
37928.18

30847.77
10603.45
41451.22

34616.78
15514.87
50131.65

41495.519999999997 20104.48
61600

51674.03
26386.45
78060.47999999

51933.72
33322.01
85255.73000000

74386.41
49880.959999999999 124267.37

77730.14
63491.89
141222.03

130402.53
72710.59
203113.12

219086.67
88455.94
307542.61


407432.22
213662.92
621095.14
Source:
NAICOM
Reports
Note:
1Revised
(NAICOM
Annual
Report,
2011)
Table A.6.5:
Total
Insurance
Business
Investments
(N' Million)
Year
Government
Securities
Stocks & Bonds
Real Estate &
Mortgage

1546.16
4047.81
2523.19999999

2012.01
4095.38
2683.5

4145.88
3633.17
211.95

2987.21
4174.04
332.65


4178.0600000000004 61800.82
33788.15


Source:
NAICOM
Reports
Note:
1Revised
(NAICOM
Annual
Report,
2011)
2Provisional
Table
A.7.1:
Selected
Financial
Deepening
Indicators
Year
Money Supply2 (M2)
(N' Million)
Credit to Private
Sector2 (N' Million)
GDP at Current B
Prices (N' Million

14471.166666666666 8570.0500000000011 94325.02188909

15786.741666666669 10668.341666666667 101011.2258063

17687.924999999999 11668.041666666666 110064.0325368

20105.941666666666 12462.933333333334 116272.1831873

22299.241666666665 13070.341666666667 134585.5946864

23806.399999999998 15247.450000000003 134603.3212250

27573.583333333332 21082.991666666665 193126.2035533

38356.799999999996 27326.416666666668 263294.4591011

45902.883333333331 30403.216666666671 382261.4860783

52857.024999999994 33547.700000000004 472648.7450671

75401.175000000003 41352.458333333336 545672.4112709

111112.31431586668 58122.946707604184 875342.5183171

165338.74903876081 127117.71006025917 1089679.716564

230292.59533829082 143424.20840868165 1399703.220237

289091.06826094998 180004.75994529083 2907358.180301

345853.96302209416 238596.56383301585 4032300.338297

413280.12874556083 316207.08122229832 4189249.771037

488145.78616809909 351956.19148720079 3989450.282097

628952.16046613676 431168.35551063489 4679212.050583

878457.27378138236 530373.30355560745 6713574.835460

1269321.6122086474 764961.51875191682 6895198.326750

1505963.5
930493.92499999993 7795758.354547

1952921.1944166666 1096535.5649999999 9913518.186719

2131818.9816774447 1421664.0323878631 11411066.90590

2637912.7306666668 1838389.9259166664 14610881.44790

3797908.9755059485 2290617.7580883321 18564594.73

5127400.702273746
3668657.823863212
20657317.66668

8008203.9499551719 6920498.7505434304 24296329.28636

9411112.2489084415 9102049.1088738423 24794238.65635


13895389.12757512
14649276.457122438 40544099.93881
Sources:
Central
Bank of
Nigeria
and
National
Bureau of
Statistics
Notes:
1Revised
2Figures
are
annual
averages