NDIC Quarterly Vol 39 No 3&4 2024 – Article front page

NDIC QUARTERLY JOURNAL
SEP/DEC 2024
VOLUME 39, NUMBER 3 & 4
NDIC QUARTERLY
EDITORIAL BOARD
Editor-in-Chief
K.S. Katata, Ph.D.
Members
Prof. A.U. Sanda
Prof. C. U. Aliyu
Prof. A. A. Salisu
J. G. Donli, Ph.D.
B. Adedipe, Ph.D.
Prof. B. Sabo
Prof. K. T. Hamid
Prof. L. N. Aisien
J. A. Afolabi, Ph.D.
Associate Editors
A. Abdulraheem, Ph.D.
W. M. Galadima, Ph.D.
I. S. Alley, Ph.D..
J. S. Garko, Ph.D.
I. M. Idris, Ph.D.
F. Dosumu
C.E. Ozoemena, Ph.D.
O.M. Adeboje, PhD.
Secretariat
A.A. Elayo
M. G. Musa
O. D. Akinyebi
This Journal is a Quarterly Publication of the Nigeria Deposit Insurance Corporation (NDIC). Enquiries should be addressed to the Editor, NDIC Quarterly, Research, Policy, and International Relations Department, Nigeria Deposit Insurance Corporation, P.M.B. 284, Abuja, Nigeria. Electronic submissions are encouraged and should be sent to editor.quarterly@ndic.gov.ng The views expressed in the articles are those of the authors and do not represent the official position of the NDIC. This Journal is solely financed by the NDIC towards the advancement of knowledge in Economics, Finance, Banking and Deposit Insurance practices. © Copyright and Published by the Nigeria Deposit Insurance Corporation ISSN: 1115-0807 (Print), 2636 7203 (Online)

NDIC QUARTERLY JOURNAL
SEP/DEC 2024
VOLUME 39, NUMBER 3 & 4
NDIC Vision
To be one of the best Deposit Insurers in the world.
NDIC Mission
To protect depositors and contribute to the stability of the financial system through effective supervision of insured institutions, provision of financial and technical assistance to eligible insured institutions, prompt payment of guaranteed sums, and orderly resolution of failed insured financial institutions. NDIC Core Values In its commitment to public service, the NDIC employees have a tradition of distinguished public service guided by the following five core values:
Integrity & Accountability
Respect & Fairness
Professionalism
Teamwork
Passion

NDIC QUARTERLY JOURNAL
SEP/DEC 2024
VOLUME 39, NUMBER 3 & 4
TABLE OF CONTENTS
CONTENT
PAGE
Review of Macroeconomic Developments in the Third Quarter, 2024 4 Review of Macroeconomic Developments in the Fourth Quarter, 2024. 20
Financial Condition and Performance of Deposit Money Banks in the Third and Fourth Quarter, 2024....34
Activities of the NDIC in the Third Quarter, 2024.
..41
Activities of the NDIC in the Fourth Quarter, 2024.
47
Central Banks' Digital Currency and the challenge of Monetary Policy in Nigeria. 54