The question of money is a very important question today. This is because of the role of money in social and economics development.
Money plays a key role in this sectors and requires that its position is always under focus.
The government of any country keeps it’s eye on this sectors by using monetary policies are a weapon of control. Monetary policies are directives, guidelines, or order issued to the player in the money markets by the government.
In Nigeria, the Central bank of Nigeria (CBN) is the highest organ used by the Federal Government to control the economy. The CBN was established to perform this duty and to creates money to influences economics activities and achieve economics objectives of the government. The pursuance of this objectives gives to Central Banking and Monetary regulation in Nigeria. The CBN is the highest bank or known as the apex bank.
This position it is occupying make it possible to regulates direct and control economics activities fro both the government and private sector. Much of government activities may lead to high spending of money which may also lead to inflation.
Inflation does a lot of damage to the economy. It weaken the economy because it reduces the values of the currency.
It makes the cost of goods and services very high. It affects planning and dis-encourage investment etc.
The Central bank start it function on the economy by first of all licensing the commercial bank and playing supervisory role for all other player in the money market.
This is to makes sure that he aims monetary regulation in Nigeria is ascertained.
1.1 BACKGROUND OF THE STUDY
The Central Bank of Nigeria (CBN). The Institution that perform the Central Banking function for Nigeria is called Central Banking of Nigeria. In this section, I shall briefly discuss the background to it’s establishment, it’s organizational structure, it’s operational modalities, and financial statement.
BACKGROUND TO THE ESTABLSHMENT OF THE CENTRAL BANK OF NIGERIA
Like the case in many countries, Commercial Banking started in Nigeria long before the Central bank was established, where as the trust commercial
Can't find what you are looking for?
Call (+234) 07030248044.
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)
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
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)
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
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
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
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?
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
61,450 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
48,004 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
42,358 people found this useful
THE EFFECT OF TREASURY SINGLE ACCOUNT ON THE ECONOMY OF NIGERIA
42,317 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
39,274 people found this useful
CAUSES AND EFFECTS OF COMMUNICATION BREAKDOWN IN AN ORGANIZATION (A case study of champions’ brewe...
38,345 people found this useful