Central Bank Of Nigeria Economic Report For The First Quarter Of 2008

Project and Seminar Topics with material for Banking and Finance

Project and Seminar Topics with material for Banking and Finance


Abstract


Aggregate output growth measured by the gross domestic product (GDP) was estimated at 6.49 per cent during the first quarter of 2008, compared with 7.82 per cent in the preceding quarter. The growth was driven by the non-oil sector which was estimated at 9.67 per cent. Provisional data indicated growth in monetary aggregates during the review quarter. Broad money supply (M2) and narrow money supply (M1) increased by 34.8 and 40.2 per cent relative to the preceding quarter. The increase in M2 was attributed to the rise in foreign assets (net), aggregate domestic credit and other assets (net) of the banking system.

Available data indicated mixed developments in banks’ deposit and lending rates in the first quarter of 2008. The spread between the weighted average deposit and maximum lending rates widened from 15.01 percentage points in the preceding quarter to 15.20 percentage points. On the other hand, the margin between the average savings deposit and maximum lending rates, narrowed from 10.77 to 10.31 percentage points during the quarter. The weighted average inter-bank call rate, rose from 8.25 per cent in the preceding quarter to 10.30 per cent at end- March 2008, reflecting the liquidity squeeze in the interbank funds market.


Get Complete Project Material

5,000 5000

The Complete Material Will Be Sent to You in Just 2 Steps

Quick & Simple…


Step One Purchase

Make Payment (Through Transfer) of ₦5,000 to Any of the Account Below

Access Bank PlcAcc No: 0811003731
Samphina Academy
Current Account
Zenith BankAcc No: 1225513212
Samphina Academy
Current Account

Or CLICK HERE To Pay With Debit Card


FOR STUDENTS OUTSIDE NIGERIA
CLICK HERE To Purchase Material ($15)
FOR GHANIAN STUDENTS
Make Payment of 120 GHS to 0553978005 | Douglas Cloud Osabutey | MTN MoMo

Step Two Purchase

Send the Following Details on WhatsApp ( 08143831497) After Payment

  1. Payment Details

  2. TOPIC: Central Bank Of Nigeria Economic Report For The First Quarter Of 2008

The Complete Material Will Be Sent To You On WhatsApp After Receiving Your Details
T & C Apply


Β  Contact Our Help Desk


Need a Different Topic? Perform a Quick Search



List of Related Works

Click on Any Topic to Preview the Content

samphina.academy

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.