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Balance of Payment Statistics (Million Naira) except otherwise indicated
Current Account Balance 876,062.84 1,241,448.55
Capital and Financial Account Balance -762,668.90 -1,231,150.39
Net Errors and Ommissions -3,576.51 -3,795.77
Overall Balance 109,817.96 6,502.15
Foreign Reserves (Million US$) 42,596.98 42,626.20
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Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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