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Nominal Gross Domestic Product at Current Basic Prices - (Billion Naira)


  Year 1997
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 1,211.46
1. Crop Production 1,026.29
2. Livestock 145.03
3. Forestry 12.55
4. Fishing 27.59
B. INDUSTRY 1,557.54
1. Mining and Quarrying 624.63
a. Crude Petroleum and Natural Gas 619.22
b. Coal Mining 1.96
c. Metal Ores 0.60
d. Quarrying and Other Minerals 2.85
2. Manufacturing 848.33
a. Oil Refining 9.09
b. Cement 23.29
c. Food, Beverage and Tobacco 571.78
d. Textile, Apparel and Footwear 87.70
e. Wood and Wood Products 30.69
f. Pulp, Paper and Paper Products 6.06
g. Chemical and Pharmaceutical Products 6.26
h. Non-Metallic Products 14.81
i. Plastic and Rubber Products 8.42
j. Electrical and Electronics 0.62
k. Basic Metal, Iron and Steel 19.13
l. Motor Vehicles and Assembly 5.45
m. Other Manufacturing 65.03
3. Electricity, Gas, Steam & Air conditioner" 3.29
4. Water supply, Sewage, Waste Management 11.98
5. Construction 69.31
C. SERVICES 1,605.49
1. Trade 758.97
2. Accommodation and Food Services         9.26
3. Transportation and Storage 92.04
a. RoadTransport 78.16
b. Rail Transport & Pipelines 0.03
c. Water Transport 1.94
d. Air Transport 6.37
e. Transport Services 3.52
f. Post and Courier Services 2.02
4. Information and Communication 91.37
a. Telecommunications and Information Services 3.21
b. Publishing 1.81
c. Motion Pictures, Sound Recording and Music Production 26.33
d. Broadcasting 60.01
5. Arts, Entertainment & Recreation 1.70
6. Financial and Insurance 116.67
a. Financial Institutions 100.30
b. Insurance 16.37
7. Real Estate 219.71
8. Professional, Scientific & Technical Services 32.19
9. Administrative and Support Services 0.25
10. Public Administration 148.15
11. Education 55.38
12. Human Health & Social Services 30.36
13. Other Services 49.46
GDP at Current Basic Prices 4,374.50
   
Net Taxes on Products 44.21
   
GDP at Current Market Prices 4,418.71
       
Coverage of Annual Nominal Gross Domestic Product commenced 1981.
Coverage of Quarterly Nominal Gross Domestic Product commenced 1st Quarter of 2010.
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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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