Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note on Strengthening Monetary and Liquidity Management

Publication Date: October 24, 2013
Electronic Access: Free Full text (PDF file size is 1,104KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient instruments for short-term liquidity management. The Monetary Policy Rate (MPR) corridor serves as a signaling device for the monetary policy stance. Although use of the overnight facilities is at the banks’ discretion, the CBN is able to use repo operations and outright transactions to manage day-to-day liquidity and guide short-term interest rates toward the MPR.
Series: Country Report No. 13/315
Subject(s): Monetary policy | Liquidity management | Capital markets | Money markets | Exchange markets | Financial Sector Assessment Program | Nigeria

Publication Date: October 24, 2013
ISBN/ISSN: 9781484320464/1934-7685 Format: Paper
Stock No: 1NGAEA2013009 Pages: 25
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to