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Balance of Payment Statistics (Million Naira) except otherwise indicated
  2005
Quarter
Second
Third
Fourth
Current Account Balance 609,240.80 922,029.47 630,141.46
Capital and Financial Account Balance -288,352.25 -520,323.00 52,260.92
Net Errors and Ommissions -5,314.00 -3,704.40 -3,620.68
Overall Balance 315,574.55 398,002.06 678,781.81
Foreign Reserves (Million US$) 24,393.07 28,131.40 28,279.06
       
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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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