Policy on the Run: Currency Re-denomination and Bank Manipulation

Seth Apati

Chapter 5 in The Nigerian Banking Sector Reforms, 2012, pp 71-103 from Palgrave Macmillan

Abstract: Abstract By 2006, the Nigerian economy had finally taken off on a path of near-sustainable growth, even adjusting for the spurious growth in the banking sector. With the average annual growth rate of the Nigerian economy shooting from less than 3 per cent in the period 1994–9 to nearly 4 per cent between 1999 and 2003 and up to 6 per cent in the period 2003–7, there were several indications that the economy might finally have entered a recovery phase. Driven by the non-oil sector, with the average growth rate doubling in the five years up to 2007, industries such as telecommunications had become the fastest growing.

Keywords: Stock Market; Banking Sector; Inside Trading; Police Chief; Initial Public Offer (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30535-9_5

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DOI: 10.1057/9780230305359_5

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