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Balance of Payment Statistics (Million Naira) except otherwise indicated
 
Quarter
First
Second
Current Account Balance 876,062.84 1,241,448.55 0.00
Capital and Financial Account Balance -762,668.90 -1,231,150.39 0.00
Net Errors and Ommissions -3,576.51 -3,795.77 0.00
Overall Balance 109,817.96 6,502.15 0.00
Foreign Reserves (Million US$) 42,596.98 42,626.20 0.00
       
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Choose year to display. 2007 2006 2005  
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Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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