THE EFFECT OF MONETARY POLICIES IN NIGERIA FINANCIAL INSTITUTIONS (A CASE STUDY OF UNION BANK OF NIGERIA)


THE EFFECT OF MONETARY POLICIES IN NIGERIA FINANCIAL INSTITUTIONS (A CASE STUDY OF UNION BANK OF NIGERIA)  

TABLE OF CONTENT

Title Page

Certification

Dedication

Acknowledgement

Table of Content

CHAPTER ONE: INTRODUCTION

1.0 Introduction 1

1.1 Background of the Study 1

1.2 Aims and Objectives 2

1.3 The Significance of the Study 3

1.4 Statement of the Problem 3

1.5 Scope of the Study

1.6 Research Methodology

1.7 Plan and Organization of the Study

1.8 Definition of the Key Terms

CHAPTER TWO: LITERATURE REVIEW

2.1 What is Monetary Policy?

2.2 Effects of Monetary Policy

2.3 Types of Instrument used in Monetary

2.4 Advantages of Monetary Policy

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Historical Background of Mainstreet

3.2 Sources of Data

3.3 Method of Data Collection

3.4 Limitation

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.0 Introduction

4.1 Presentation and Analysis of Personal Data of Respondent

4.2 Analysis of Personal Data

4.3 Presentation and Analysis of Data According to Test of Hypothesis

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary

5.2 Conclusion

5.3 Recommendations

Reference

Questionnaire

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Monetary policy is a combination of various measures adopted by the monetary authority (Central Bank of Nigeria C.B.N) in collaboration with the Federal Ministry of Finance, to manage demand via the control of volume and direction of credit in an economy in order to achieve stated objectives.

⦁ Full employment

⦁ Economic growth

⦁ Price stability

⦁ Balance of payment

⦁ Control of inflation

Conceptually, monetary policy deals with discretion control of monetary authority in order to achieve or desired economic goal (Falegan, 1978). But the reason why government makes an attempt to control the monetary is because most government believes that its rate of growth is an effect on the rate of inflation.

Monetary policy comprises those government action which are designed to influence the behavior of the monetary institution. Monetary policy work by the monetary authority affecting directly or indirectly the cost and availability of monetary credit in the financial market.

The financial system of any economy comprises of financial institution system of any economy and market that mobilize funds from simple’s economic unit and channel such fund to the defecator production, investment and generation of assets or securities in a process.

The bank from the largest units in this intermediation, the commercial bank according to R.P. Kart 1961 is an organization whose principal operation is concerned with the accumulation of temporary idle money of the public for the purpose advancing to others for profitable expenditure.

The commercial bank in their daily operation can perform liquidity transformation, create money and derived the bulk of their fund from the general public. This involves government monetary and legal reputation of banking activities.

Monetary regulation are often guided by the developmental objective of government but their effectiveness depend largely on the ability of the monetary authority to monitor closely the operation of the bank in the economy of the any country both developed and developing economics.

The automate objectives of monetary policies, however, are not the monetary aggregate themselves, but usually the aggregate in the real sector of the economy, such as the level of output employment price, the rate of economic growth and the balance of payment. Monetary policy is used to influence those ultimate objectives because there is a believe that a relationship exists between the real variables and the monetary variables.

1.2 AIMS AND OBJECTIVES

The study is intended to appraise the possible effect that various monetary policies in the country over the years have no banking industry (commercial banks). It is also aimed at assessing at the tract of monetary policy with reference to commercial banks performance. The reports is aimed at coming out with a result that will form the basis of solution and suggestion on how to improve on the present situation. The study also aimed at resolving make controversial in banking.

1.3 THE SIGNIFICANCE AND IMPORTANCE OF THE STUDY

A consideration of deregulation of monetary management and the inflation consequence brought into focus the essence of well coordinated financial system with mineral larges.

Given a background or virtual overall of monetary management. The banking sectors had to bear the burnt of policy rest rain and share significantly from gains of financial monetary policy administrations and a phenomenal change in bank ownership structure and size a study of this nature becomes opposite to bring out the factor responsible for such trend.

1.4 STATEMENT OF THE PROBLEM

There cannot be any successful research of this nature without recounting some difficulties which might cause its success or failure. However, the following are the major problems to be encountered during the cause of this project:

1.4.1 Difficulties in scolling some of the total document containing some valid information resulting to the subject matter, the non-availability and inadequate of data caused by the factor built some limitation into the study.

1.4.2 Lack of cooperation from some member of Staff of Mainstreet Bank; some of them were not ready to goes certain information. This led to the difficulties in securing some of the vital information relating to the research study.

1.4.3 Time factor also contributes to the difficulties because on several occasion it will demand you to share the time for thing for your project.

1.4.4 To cream everything up, the financial aspect also serves as a constraint because of limited available resources faced by parent who are to provide such needs.

1.5 SCOPE AND LIMITATION OF THE STUDY

The scope of the study focuses on the following performance measurement in appraising commercial banks performance in Nigeria. These include banks profitability capitalization and liquidity. The study shall be limited to the impact of monetary policy in Nigeria along.

The study is limited to definitions and policy instruments, advantages, problem and solution. This is because on attempt to base the study on all the banks in the country will be too cumbersome, and the result will be beyond the scope of this project.

1.6 RESEARCH METHODOLOGY

Methodology and source of data is a system of getting useful information about the topic. Two methods of data collection are mainly used, they are the primary source and the secondary source.

1.6.1 Primary method of data will be employed in this study and the form of primary data is personal interview with bank official i.e. Mainstreet Bank Plc officials.

1.6.2 Secondary method of data collection will be used in carrying out the research work. This will include details, journals Nigeria stock quarterly, just to mention few.

1.7 PLAN AND ORGANIZATION OF THE STUDY

The chapter one of this project will enable the introductory note, aims and objectives of the study, methodology and chapterization.

Chapter two will be based on literature review which states the view of mainly reports and writers on the subject matter.

Chapter three will be based on data gathering and presentation procedure.

Chapter four focuses on the presentation of various policy measures and their impact.

Finally, chapter five will contain summary, conclusion and recommendations.

1.8 DEFINITION OF THE KEY TERMS

Monetary Policy: is defined as a policy which employee central bank control over the supply and cost of money as in instrument for achieving the certain given objective of economic policy.

Commercial Bank: can be defined as an institution which accepts deposit makes business loan and offer related services.

Balance of Payment: can be defined as the record of all transaction made between one particular country and all other countries during a specified period of time.

Inflation: is defined as continuous rise of goods or commodity.

Economic Growing: is a steady grown in the productive capacity of the economy and so a growth to national income.

Central Bank of Nigeria: is the only financial institution established and charged with the day to day management and control of National Monetary Affairs and Supervision.

Moral Suasion: This means by the monetary and thirties of friendly persuasive statement, public pronouncement or outright appeal.

Selective Credit Control: This is a process whereby the monetary authorities tend to favour one sector of the economy than the other.

Interest Rate: It can be used as an instrument to combat inflation, budget burden, promote capital inflow and discourage flights.

Special Deposits: This technique may be employed if the prevailing economy donations do into favour the rise of other instruments.

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.