Nigeria Economic Chart Park

Net Domestic Credit And Currency In Circulation (CIC):

Domestic Credit (Billion )

Steadily rising domestic credit

Currency in Circulation (Billion )

Steadily rising money in circulation

Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sector credit to the Federal Government, especially through treasury bills and government bonds.

Currency in Circulation (CIC): CIC has mildly fluctuated overtime due to changes in seasonal factors and regular monetary injections/ejection into/out of the economy which leads to changes in CIC vault-cash and currency-outside-banks components. Particularly, the decline in CIC at the end of 2016Q1 is attributed to the decline in the vault cash component of CIC following monetary ejections.




Related

 

Money Supply And Lending Rate

Money Supply: On a month-on-month basis, growth in M2 have accelerated overtime; reaching over N20,000 billion by April 2016. The rise in M2 at the end of 2016Q1 reflects the fast-paced rise in aggre

Internally Generated Revenue

Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions

Appropriation Act (Budget)

Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.

Real GDP Growth Rate- Nigeria And Selected African Economies

Real GDP Growth Rate- Nigeria and selected African Economies: While GDP growth in selected African economies have generally declined at different magnitudes with the slump in commodity prices, other e