Five Year Balance Sheet as at 31Dec, 2008

Year 2008 2007 2006 2005 2004

Assets: N'm N'm N'm N'm N'm
External Reserves 7,334,295 6,548,921 5,617,317 3,835,433 2,478,620

Fed Govt. Securities 272,407 84,503 237,668 172,811 425,372

Rediscount & Loans / 523,027 361,437 94,947 20,192 27,933

Advances

Other Assets 396,289 195,415 111,283 27,785 28,366

Other Securities 91,561 33,603 26,915 24,088 14,244

(Investments)

Exchange Difference on 0 0 0 0 67,349

Promissory Notes

Fixed Assets 141,427 133,695 127,898 119,791 115,206

Total Assets 8,759,006 7,357,574 6,216,028 4,200,100 3,157,090

Liabilities:
  Deposits 6,206,981 4,431,150 4,022,237 2,952,091 2,008,259
  CBN Instruments 627,068 1,564,366 949,406 174,228 88,975
Issued

  Currency in Circulation 1,155,050 960,490 779,254 642,376 545,803

  IMF Allocation for SDR 31,769 29,006 29,286 31,663 1,132

  Trade Debt Promissory 0 0 0 0 67,734

Notes

  Other Foreign 0 0 0 0 4,824

Currency Liabilities

  Other Financial 250,977 237,826 110,680 86,716 295,583

Liabilities

  Total Liabilities 8,271,845 7,222,838 5,890,863 3,887,074 3,012,310

Capital & Reserves:

  Share Capital 5,000 5,000 5,000 3,000 3,000

  General Reserves 60,888 58,808 50,721 47,534 46,179

  Assets Revaluation 63,143 70,928 95,246 95,246 95,601

Reserve

  Currency Revaluation 358,130 0 174,198 167,246 0

Reserve

  Total Capital & 487,161 134,736 325,165 313,026 144,780

Reserves

Total Liabilities & Equity 8,759,006 7,357,574 6,216,028 4,200,100 3,157,090

Contingent Liabilities 370,845 158,589 49,868 140,732 163,752

Operating Results for

the Year Ended, 2004 -
2008

Total Income 201,615 146,461 162,500 94,429 87,639

Operating Expenses -192,796 -113,612 -130,878 -73,560 -74,474

Provisions (net) -500 -500 -500 -12,750 -4,000

Exceptional Items N/A N/A 0 0 0

Surplus Available for N/A N/A 31,122 8,119 9,165

appropriation

Appropriation: N/A N/A 0 0 12

  Transfer to General 2,080 8,087 5,187 1,353 1,528

Reserve

  Surplus Available to  6,239 24,262 25,935 6,766 7,637

F.G.N.

  Total Appropriation  8,319 32,349 31,122 8,119 9,165

*  The proportions are based on the prevailing CBN Act