Browsing by Author "Ibeabuchi, S. N."

Now showing 1 - 3 of 3
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    Overview of financial sector developments in Nigeria.
    (Research Department, Central Bank of Nigeria., 2008-12) Ibeabuchi, S. N.
    The objective of this paper is to review the various developments (reforms) in the Nigerian financial sector since 1986, including the recent banking industry consolidation.
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    Overview of Monetary Policy in Nigeria
    (Central Bank of Nigeria, 2007-12) Ibeabuchi, S. N.
    This article provides and overview of monetary policy which is the instruments at the disposal of the monetary authorities to influence the availability and cost of credit/money M with the ultimate objective of achieving price stability. This overview is with reference to Nigeria.
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    The targeting of open market operations: the Bundesbank experience and lessons for Nigeria
    (Central Bank of Nigeria, Research Department., 1994-12) Olekah, J. K. A.; Ibeabuchi, S. N.
    The study has lots of lessons for Nigeria, it suggests that the CBN should review its OMO programming, especially by identifying the major components of the other assets (net) of the CBN, which often time distort the monitoring of the growth in money supply. The operating target (bank reserves) of OMO should be linked to the interest rate movement and the size of OMO for final sale should be decided after the bids have been received. Also the CBN should introduce its own instruments to complement the existing OMO instruments; the CBN's facilities to banks should be fully backed by acceptable collaterals; the minimum reserve requirement accounts should be de-sterilized and a more comprehensive procedure for OMO accounting should be adopted.