The Role of the Nigeria Money Market in Indigenising the Credit Base of the Economy
The Role of the Nigeria Money Market in Indigenising the Credit Base of the Economy
Quick Navigation for Final Year Undergraduates, Masters (Thesis), and Ph.D. Dissertation Students Who Need Our Services on Their Research Works
| Find More Project Topics | FIND HERE |
| Hire Us for Thesis Works | HIRE NOW |
| Hire Us for Project Works | HIRE NOW |
| Hire Us for Seminar Works | HIRE NOW |
| Hire Us for Assignments | HIRE NOW |
| Hire Us for Proposals | HIRE NOW |
| Contact Us | HERE NOW |
Proposal on The Role of the Nigeria Money Market in Indigenising the Credit Base of the Economy
The basic objective of this study is “ The Role of the Nigeria money market in Indigenising the credit base of the Economy’’ This project revealed as much as possible main reasons for the establishment of the Nigeria money market and the Role they have played in the Indigenising the credit base of the economy.
This project is structured into five chapters to make for easy reading and comprehension. Chapter one death with the background of the study of the prevailing circumstances in the economy that made the introduction of money market and how to indigenes the credit base of the economy. From this , other four chapters derived their base from chapter one in order to confirm the findings , recommendations and conclusions.
The third chapter covered the research design and methodology indicating sources of data and location of data.
There data analysis is based on the study of the materials presented in the review of related literature as the work was based on – secondary sources of the data.
The study was concluded with chapter five, were the research findings were summarized and based on the findings, conclusions were drawn from the study and recommendations were made.
Chapter One of The Role of the Nigeria Money Market in Indigenising the Credit Base of the Economy
INTRODUCTION:-
The money market is place or mechanism by which short – term funds or exchanging financial assets representing short-term claim are obtained .
A money market can be simply defined as a market consisting of financial institutions and other dealers in short term money and credit who either want to lend or borrow money .As a group , these financial organization and deders facilitates the borrowing and lending of short –term money by bringing together those institutions with surplus funds which they wish to lend on a short- term basis and those wished to borrow.
The Nigeria money market could be said to love started with the commencement of commercial banking in 1894. However , due to various military factors ,the development of the money market was not possible until the establishment of the Nigeria central bank and the introduction of the money instruments . it is important to note that the money market in Nigeria is not located in any fixed or particular place or building where money is bought and sold . it is merely a term , which embraces all the institutions that handle the purchases , sales and transfer of short term money and credit instruments . The market operates by means of the telephone or personal contacts between the participants. It is only when a deal is struck that most transactions are finally concluded at the central bank were credit and debit are raised. This is the way money market developed economics also operates ( ie mainly by telephone and personal contacts ) but does not mean that the market is never a designated place.
Money market activities can be carried out at specific area, street , as in the case of well street in new York or lomba street in London . The later being almost synonymous with the London money market, is the central of bank head offices and discount houses.
The money market provides the central bank of Nigeria with a very important financial environment to implement monetary policy operating through the market , it raises or lowers bank reverse through open market purchase and sales of securities.
STATEMENT OF THE PROBLEM:
A part from performing traditional function of the money market , are of the main reasons for establishment of Nigerianzation of the credit basis . A money market was therefore necessary in the achievement of this objective by providing outlets in term of local money assets for the investment of surplus funds in the country as well as funds repatriated from abroad . it was also necessary to provide for government a source for short- term financing which among other things can release for capital expenditure some of the fund which at that time government deployed as work capital.
The study is to assess the role of the operation of the Nigeria money market in indigenising the credit base of the Nigeria economy.
OBJECTIVE OF THE STUDY:
The objective of the study is to assess the role of the Nigeria money market in indigenising the credit base of the economy by assessing particularly:
A) The availability, adequacy and defects if any of money market instruments in Nigerian money market.
Disclaimer
This research material is intended for academic use only and should be used as a guide in constructing your research project and seminar presentation. You should never duplicate the content word for word (verbatim), as SCHOOLTHESIS.COM will not be held liable for anyone who does.
The purpose of publishing this material is to alleviate the stress of hopping from one school library to the next in search of research materials. This service is lawful because all educational institutions allow students to read past projects, papers, books, and articles while working on their own.
SCHOOL THESIS is merely giving this information as a research reference. Use the document as a reference or structure for your own research paper. This paper’s content should be able to assist you in coming up with new ideas and thoughts for your own study
The Role of the Nigeria Money Market in Indigenising the Credit Base of the Economy research paper, should only be used as a guide.