OPEN MARKET OPERATION AS AN INSTRUMENT OF MONETARY POLICY IN NIGERIA.(A CASE STUDY OF CENTRAL BANK OF NIGERIA (C.B.N)
CHAPTER ONE INTRODUCTION Prior to the introduction of structural adjustment programme in September 1986, the main instrument of monetary policy employed by the Nigeria monetary authority were mainly direct control which comprise the imposition of credit allocation supplement to varying degrees by each and liquidity ration requirement. The prolong use of these direct control generated considerable […]