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Balance of Payment Statistics (Million Naira) except otherwise indicated
  2007
Quarter
First
Second
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 : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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