Report on the establishment of a Nigerian central bank
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Report on the establishment of a Nigerian central bank the introduction of a Nigerian currency and other associated matters by J. B. Loynes

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Published by Federal Govt. Printer in Lagos .
Written in English



  • Nigeria.


  • Banks and banking -- Nigeria.,
  • Money -- Nigeria.

Book details:

Edition Notes

Cover title.

Statementby J. B. Loynes.
LC ClassificationsHG3399.N5 D44
The Physical Object
Pagination40 p.
Number of Pages40
ID Numbers
Open LibraryOL5559204M
LC Control Number67055739

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The 20 05 bank consolidation exercise in Niger ian was a milestone in the history of the Nigerian banking sector. which affected greatl y the number of banks the central bank of Nigeria, on.   Central Bank of Nigeria Central Bank of Nigeria Act, (cap. 30) (as amended ), incorporating all Central Bank principal legislations amending the Act of which the latest in finance decree (decree no. 32, ); Central Bank of Nigeria bye-laws, ; Banking decree, (as amended by Banking (amendment) decree, decree no. : Central Bank of Nigeria (), Banking Supervision Annual Report, Ab uja, CBN Press. Central Bank of Nigeria (), Monetary Policy Reform, Ab uja, CBN Press. The Central Bank of Nigeria (CBN) is the Central bank and apex monetary authority of Nigeria established by the CBN Act of and commenced operations on July 1, The CBN Act was amended in , , , , and The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability .

The CBN in April undertook to facilitate a formal framework for the co-ordination of regulatory and supervisory activities in the Nigerian financial sector by establishing the Financial Services Coordinating Committee (FSCC) to address more effectively, through consultations and regular inter-agency meetings, issues of common concern to regulatory and supervisory bodies. The Central Bank of Nigeria development finance initiatives involve the formulation and implementation of various policies, innovation of appropriate products and creation of enabling environment for financial institutions to deliver services in an effective, efficient and sustainable manner.   The general elections of marked the first civilian-to-civilian transfer of power in the country's history. National and state elections in and were generally regarded as credible. southern lowlands merge into central hills and plateaus; mountains in southeast, plains in north Nigeria’s population is projected to grow. Nigeria’s banking sector is a diversified one, in which the largest banks follow the universal banking model and a range of specialised actors tap specific niches. New trends include merchant banks, sector-specific lending vehicles, and from policymakers, increased focus on financial inclusion. These include microfinance, mobile tools, and the establishment of a network of mobile money.

Report by Mr J. B. Loynes on the Establishment of a Nigerian Central Bank, the Introduction of a Nigerian Currency and other Associated Matters Unknown Binding – 1 Author: John Barraclough Loynes.   Banker to other banks in Nigeria and Abroad. Central bank of Nigeria. The central bank of Nigeria ordinance came into force on 1 st July and since then the central bank has through a series of legislation assumed wider powers and increasing prominent loans in the development of Nigeria’s banking industry. The Central Bank of Nigeria's (CBN) October Business Expectations Survey Report has once more identified insufficient power supply, financial challenges, high interest rate and competition as. Administrative Measures Adopted by the Government and the Monetary Board During the Year Relating to the Functions and Operations of the Central Bank and Banking Institutions in Sri Lanka. Part IV. Major Legislative Enactments of Relating to the Functions and Operations of the Central Bank and Banking Institutions in Sri Lanka.