ProjectClue.com We're Ready, Call Us

(+234) 07030248044

Project Topic:

Role of Nigerian money market in the national development

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   53 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

1.0  INTRODUCTION

       The money market in our economy in a very
vital sector and its position in the economy cannot be over emphasized. The
money market in Nigeria was
fashioned along with that of Britain,
established and nurtured by the CBN primarily for mobilizing domestic savings
for productive investment as well as 
providing the government with funds to enable it implement its economic programme.

       Money market as an intermediary for short
term financial assets that are close substitute for money consists of the CBN,
Deposit money bank, Discount house, corporate bodies, individuals, finance
companies Bureau de change as its major operators and deals on various financial
instrument such as bills, certificates, commercial papers, certificate of
deposit etc which one transferable and desirable in nature.

       Notwithstanding, the recent global
economic meltdown which tends to set a disjunction between the surplus and the
deficit sectors, the surplus sector appears not 
to be interested in lending to the deficit sector, this pose a serious
bottleneck to the proper functioning of the money market, thereby reducing the
level of investment in the economy. The logic question now is what would be the
lot of Nigerian economic and its inhabitants in general.

 1.1  BACKGROUND
OF THE STUDY

These
are various financial markets which are institutional arrangements  that facilitates the intermediation of funds
in an economy. They financial market is segmented into  two- of is money market, which deals in  short term funds and the other capital market
that is for  long term dealing in funds (
Anyanwu  1996). The basis of distinction
between the money markets and the capital market lies in the degree of
liquidity of instruments bought and sold in each of the  market which can   be further sub –divided into primary and
secondary markets, while primary market is concerned with the raising of new
funds, the secondary market exist for the sale and purchasing of existing
centuries that are already  in people’s
hands thus, enabling savers who purchase securities when they have surplus
funds to recover their money when they are in need of cash to  (Afolaki 1991).

 Money market play a key role in banks liquidity management  and transmission of monetary policy. In normal times, money markets are among the most liquid in the financial sector. By providing the appropriate instruments and partners for liquidity trading the money market allows the refinancing of  short-term and medium term positions and facilitates the mitigations of your business liquidity risk. The banking  system and the money market represent the exclusive setting monetary policy operates in a developed  active an efficient inte banks market enhances the efficient of central banks monetary policy, transmitting its impulses into the economy best thus the development of the money market smoothes   the progress of  financial intermediation and boosts lending to the economy , hence improving  the country’s economic and social welfare.

Therefore,
the development of the money market is 
in all stakeholders interest  the
banking  system  itself the central banks and the economy on
the whole.

1.2 STATEMENT OF THE PROBLEM

The
role of the financial  market in the
development of the real sector and the economy at already cannot be  overemphasized.

 A critical characteristics of the money market is that it should deep  and broad so as to absorb large  volume of transactions without significant effect on security prices  and interest this characteristics requires that these exist many active market participant such that the transaction of an individual investors will have just infinitesimal  effect on security prices are interest rates the characteristics also requires that there are always alternative investment  instrument available to satisfy the respective return risk desires of investors in markets.

Get the complete project »

Instant Share On Social Media:

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   7575 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3707 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7345 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   9555 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5710 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Khalifah @Pkhal_Official from Bayero university kano (BUK) said "Indeed very knowledgeable and helpful. EXCELLENT!!!".
    Rating: Excellent
  • 2. Rabi At Babandi Ibrahim from Federal University gwagwalada said "Thanks very much for your wonderful and amazing solution may the almighty god help you ameen ".
    Rating: Very Good
  • 3. Rabi At Babandi Ibrahim from Federal University gwagwalada said "Thanks very much for your wonderful and amazing solution may the almighty god help you ameen ".
    Rating: Very Good
  • 4. Harry Harris Haniel from Ahmadu Bello University said "Good content ".
    Rating: Very Good
  • 5. Abdulrah-man Abdullahi from University of Benin said "A big thanks to the team for the effort exerted towards the completion of this academic piece. Projectclue shall always be referred to those seeking academic assistance.".
    Rating: Excellent
  • 6. Archit from Vips said "Great work and very value for money, i would recommend this for any project work ".
    Rating: Excellent

Leave a comment: