Financial condition and performance of deposit money banks in the third and fourth quarters of 2017
Date
2017
Journal Title
Journal ISSN
Volume Title
Publisher
Nigeria Deposit Insurance Corporation:[?]
Abstract
Structure of assets and liabilities; Financial condition of DMBs.; DMBs Earning and Profitability ratios for Q3 and Q4
Description
During the two quarters under review, the Nigerian economy recorded positive GDP growth rate of 1.40% in Q3 having exited recession in the Q2, 2017 and for the 3rd consecutive quarter, the GDP further grew by 1.92% in Q4 2017. The improvement was as a result of interventions of the Central Bank of Nigeria (CBN) and other regulators. The developments included the introduction of the Investors and Exporter’s (I&E) Forex Exchange window by the CBN, increased crude oil production and oil price appreciation, decline in inflation rate, increased foreign exchange reserves position, amongst others.