CBN Annual Report and Statement of Accounts for the Year Ended 31st December, 2009 LIST OF ABBREVIATIONS AND ACRONYMS AACB ABS ACGSF ACSS ADF ADPs AES AFC AfDB AIPs AMCP AML/CFT APRM ATM AU AUC BAs BDCs BOI BWIs CAC CAMA CAMEL CAR CBN CBP CBs CDMA CEPR CG CIC CIFTS CIS CIT COB COBEC COPAL CPS CPI Association of African Central Banks Analytical Balance Sheet Agricultural Credit Guarantee Scheme Fund Agricultural Credit Support Scheme African Development Fund Agricultural Development Programmes African Econometrics Society Africa Finance Corporation African Development Bank Approvals-In-Principle African Monetary Cooperation Programme Anti-Money Laundering/Combating Financing Terrorism Africa Peer Review Mechanism Automated Teller Machines African Union Africa Union Commission Bankers' Acceptances Bureaux de Change Bank of Industry Bretton Woods Institutions Corporate Affairs Commission Companies and Allied Matters Act Capital Adequacy, Asset Quality, Management, Earning and Liquidity Capital Adequacy Ratio Central Bank of Nigeria Capacity Building Programme Community Banks Code Division Multiple Access Centre for Economic Policy Research Credit to Government Currency in Circulation Central Bank Inter-bank Funds Transfer System Commonwealth of Independent States Companies Income Tax Currency Outside Bank Code of Business Ethics and Conduct Cocoa Producers' Alliance Credit to the Private Sector Consumer Price Index xxix CBN Annual Report and Statement of Accounts for the Year Ended 31st December, 2009 CPs CRMS CRR CSAR CSCS CSOs DFIs DHs DLF DMBs DMO DS EBP ECA ECOWAS EDCs EEG e-FASS EFCC e-Money EMS ERP ETF FAAC FCs FCT FDI FGN FHAN FIRS FITC fob FRIN FSS 2020 G-24 GDP GSM IAS IBRD ICCO ICO xxx Commercial Papers Credit Risk Management System Cash Reserve Requirement Country Self Assessment Report Central Securities Clearing System Civil Society Organisations Development Finance Institutions Discount Houses Direct Lending Facilities Deposit Money Banks Debt Management Office Development Stock Electronic Budgeting and Planning Economic Commission for Africa Economic Community of West African States Enterpreneurship Development Centres Export Expansion Grant Electronic Financial Analysis and Surveillance System Economic and Financial Crimes Commission Electronic Money Enterprise Management and Security Enterprise Resource Planning Education Tax Fund Federation Account Allocation Committee Finance Companies Federal Capital Territory Foreign Direct Investment Federal Government of Nigeria Finance Houses Association of Nigeria Federal Inland Revenue Service Financial Institutions Training Centre Free on Board Forestry Research Institute of Nigeria Financial System Strategy 2020 Group of Twenty-four (24) Developing Countries Gross Domestic Product Global System of Mobile Communications International Accounting Standard International Bank for Reconstruction and Development International Cocoa Organization International Coffee Organization CBN Annual Report and Statement of Accounts for the Year Ended 31st December, 2009 IDA IDMS IEA IFAD IFT IGR IIP ILN IMF IPOs IPPs ISPs IT ITU JVC KYC LOKAP LPFO LR LROs LVIFT M1 M2 mbd MDGs MFBs MICR MMDs MoU MPC MPR MRR MTEF MYTO NACRDB NACS NAFDAC NAICOM NAOC NAPCON NAPRI International Development Assistance Integrated Document Management System International Energy Agency International Fund for Agricultural Development Inter-bank Funds Transfer Internally Generated Revenue International Investment Position Interactive Learning Network International Monetary Fund Initial Public Offers Independent Power Plants Internet Service Providers Information Technology International Telecommunication Union Joint Venture Cash Calls Know Your Customer Lagos, Kano, Aba and Port-Harcourt Low Pour Fuel Oil Liquidity Ratio Lead Research Organisations Large Value Inter-bank Funds Transfer Narrow Money Supply Broad Money Supply Million barrels per day Millennium Development Goals Microfinance Banks Magnetic Ink Character Recognition Money Market Dealers Memorandum of Understanding Monetary Policy Committee Monetary Policy Rate Minimum Rediscount Rate Medium-Term Expenditure Framework Multi-Year Tariff Order Nigerian Agricultural, Cooperative and Rural Development Bank Nigerian Automated Clearing System National Agency for Food, Drug Administration and Control National Insurance Commission Nigeria Agip Oil Company National Petroleum Company of Nigeria National Animal Production Research Institute xxxi CBN Annual Report and Statement of Accounts for the Year Ended 31st December, 2009 NBS NCS NDC NDIC NEEDS NEER NEPAD NERC NEXIM NFAs NGC NGOs NIBOR NICPAS NNPC NPC NPSC NSE NSPFS NSPM NTBs NWG OBB ODA OFIs OMO OPEC OTC P&A PENCOM PEP PHCN PIR PMIs PMS POS PPT PSI PSV RBDAs REC xxxii National Bureau of Statistics Nigerian Custom Service Net Domestic Credit Nigeria Deposit Insurance Corporation National Economic Empowerment and Development Strategy Nominal Effective Exchange Rate New Partnership for Africa's Development National Electricity Regulatory Commission Nigerian Export-Import Bank Net Foreign Assets Nigerian Gas Company Non-Governmental Organizations Nigerian Inter-Bank Offer Rate Nigerian Cheque Printers Accreditation Scheme Nigerian National Petroleum Corporation National Population Commission National Payments System Committee Nigerian Stock Exchange National Special Programme for Food Security Nigerian Security Printing and Minting Nigerian Treasury Bills National Working Group Open Buy Back Overseas Development Assistance Other Financial Institutions Open Market Operations Organisation of Petroleum Exporting Countries Over-the-Counter Purchase and Assumption National Pension Commission Politically Exposed Person Power Holding Company of Nigeria Process Improvement and Redesign Primary Mortgage Institutions Portfolio Management System Point of Sale Petroleum Profit Tax Policy Support Instrument Payments System Vision River Basins Development Authorities Regional Economic Commission CBN Annual Report and Statement of Accounts for the Year Ended 31st December, 2009 REER RTEP RTGS SBUs SEC SFU SITC SMEDAN SMEEIS SON SPDC SSA SSC TCs TFM TIB UAT UNECA UNIDO VAT WACB WAIFEM WAMA WAMZ WB WDAS Real Effective Exchange Rate Root and Tuber Expansion Project Real Time Gross Settlement Strategic Business Units Securities and Exchange Commission Special Fraud Unit Standard International Trade Classification Small and Medium Enterprises Development Agency Small and Medium Enterprises Equity Investment Scheme Standard Organisation of Nigeria Shell Petroleum Development Company Sub-Saharan Africa South - South Cooperation Travellers' Cheques Trust Fund Model Temenos Internet Banking User Acceptance Test United Nations Economic Commission for Africa United Nations Industrial Development Organisation Value Added Tax West African Central Bank West African Institute for Financial and Economic Management West African Monetary Agency West African Monetary Zone The World Bank Wholesale Dutch Auction System xxxiii