THE ROLE OF CENTRAL BANK IN STABILIZING NIGERIAN ECONO (A CASE STUDY OF CBN


THE ROLE OF CENTRAL BANK IN STABILIZING NIGERIAN ECONO (A CASE STUDY OF CBN

ABSTRACT

The purpose of this study was to appraise the role of central bank in stabilizing Nigeria economy to guide. This study 14 research question were formulated. The book is arranged in such a way that one chapter flows and naturally lends another. It organized in five chapters, the study  starte in chapter one with the background to the study and discusses in chapter two. After discussing research design in chapter three, chapter four deals with presentation and analysis of data.

Chapter five deals with finding, conclusion and recommendation.      

TABLE OF CONTENTS

The title page

The approval page

The dedication

The acknowledgment

The table of content 

The list of table

The Abstract

    CHAPTER ONE

Background of study                

Statement of problem           

Purpose of study                 

Objective of study               

Significance of study           

Research question                 

Definition of term   

CHAPTER TWO

The literature review                               

The role and significance of CBN       

The measure that stabilize economy

CHAPTER THREE

Research methodology and design

Design of study

The population of study

Sampling of study

Instrument for data collections

Method of data collection

Method of data analysis

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

CHAPTER FIVE

Discussion of finding

Conclusion

Recommendation

References

THE LIST OF TABLE

TABLE1

               Are you satisfied with the combination of measures which central bank of Nigeria designed to regulated supply of money to Nigeria economy?

TABLE 2

                Are you satisfied in legal tender  currency issued by central bank of Nigeria.?

TABLE 3

               Would you agree that central bank of Nigeria safeguard the value of currency in Nigeria?

TABLE 4

                  Would you agree that CBN promote monetary stability and sound financial system in Nigeria economy?   

TABLE 5    

                  Are you satisfied with improvement of CBN.?  

CHAPTER ONE

INTRODUTION

1.1 BACKGROUND OF STUDY 

The development of central banking can be said to data from the middle of the 19th century. But precisely, there was no exact data when banking started in Nigeria . historically, records showed that domestic banking activities started  in 1961 when a sipping company elder dumpster line started banking service in Lagos , the chairman of the company in 1892 established the first banking institution African banking, corporation  which metamorphosed into first bank now known as union bank of Nigeria plc. Was established.

            Before 1952,the west African currency board (WACB) established 1912 was used as state banking for Anglo- phone west African countries, such as Nigeria, sierra-leone, Ghana and Gambia. The WACB was based in London and it issued noted and coins for the Anglo -phone west African countries. 

The banking failure of the 1950s could not but head  to the establishment of central bank to serve as banker to the banking system, to perform supervising role over the commercial bank issue currency notes and come thus, regulating the supply of money in Nigeria not only these, it acts as financial adviser to the government on monetary policy and implementing the policy and behalf of the government.  

The central bank of Nigerians is government bank, establish to keep a country’s financial system under control and close supervision. The responsibility of  managing the CBNis vested in the hand of the board of directors whose measures are appointed by the government .

          The CBN is expected particularly in promoting economic growth by fostering the development of money and capital markets develop banking habits and sound financial system, in order to facilitate economy development , CBN tent to enjoy activities which extend beyond its traditional function. In this record, it played a unique role in the development of a Nigeria economy, particularly in promoting agricultural and industrial development in general.

1.2 STATEMENT OF PROBLEM.

Central bank of Nigeria can issue stabilization of Nigeria securities to specified institution to map up the excess liquidity of such institution. The effect that special depositor stabilization security would reduce the cash reserve and like other quantitative tools, reduce credit creation and therefore money supply.

Special deposits and  stabilization securities are used when other instrument fail to achieve their targets they could be seem as instrument of last resort and target is the aggregate deposit in the banking system. Apart from the quantitative credit control which strive to control he flow of bank credit to different sector of the economy. By the means of selective credit control, the central banks on the sector of the economy or the economy activities to which loans should be given.

1.3 PURPOSE OF STUDY

a. To stabilize the price of goods and services in Nigeria 

b. Equitable distribution of wealth 

c. To satisfy the needy 

d. To provide full employment

e. To maintain favorable balance and payment

f. To change in markets environment to which financial institution   

markets and their users respond.     

1.4 SIGNIFICANCE OF STUDY

The existing of central bank of Nigeria has benefits the Nigeria economy. The anger social and economic benefit of the CBN are

1. Issuing of currency

2. Control of the value 

3. Funding agriculture 

4. Funding industries

5. Prevention of bank crisis

6. Advise to government

7. Watching the external reserve

8. Encourage of exportation

9. Encourage of economic growth 

10. Price stability

1.5 SCOPE OF STUDY

        THE study contras on the role of central bank in stabilizing Nigerian economy, the function and objective of CBN will be examined.

         Moreover, the problem of CBN encounter in stabilizing the economy and likely solution will be preferred.

1.6       RESEARCH QUESTIONS

1. To what extent has the central bank of Nigeria stabilized Nigeria economy?

2. To what extent has it protected  the local industries from unfavorable foreign competition.

3. To what extent has it generated more revenue in Nigeria economy?

4. To what extent has it been acts as banker to commercial banks.

5. To what extent has it increase the amount of goods and service produced economy.    

1.7 DEFINITION OF TERMS

Balance of payment: where there is a trade must be payment either now or later. It is the record of all financial and economic transaction between one country and the rest of the world over a given period of time. It is a record, it could be surplus or defits

Direct monetary policy: this is the use of banks credits on banks sectorial allocation of bank credit, interest rate policy errand serene influencing the cost and availability of credits.    

.


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.