Financial Condition and Performance of Deposit Money Banks Dmbs in the Fourth Quarter of 2016
Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
NDIC, 2016
Abstract
Introduction; Structure of Assets and Liabilities; Assessment of the Financial Condition of DMBs; Conclusion
Description
In Q4 2016, the Nigerian economy remained in recession having recorded a negative GDP growth of 2.24% in Q3 and negative 1.3% in Q4 2016. Internally, the economy was affected by the depreciation of the Naira against major currencies, foreign exchange shortage and high inflation rate and low oil production. Externally, the economy was affected by global lower oil prices thereby leading to a shortfall in government revenue.