CHAPTER ONE
1.0 INTRODUCTION:
Nigerian financial institution are regarded as the part of financial industries that deals with exploitation, exploration and sourcing funds, investment and sharing of funds to individuals. However, the Nigerian financial system can be said to consist of the following subsystems:
1. The banking system
2. The non-banking financial institution
3. The regulatory financial institution
4. The traditional financial institution.
In practice, the growth of most of these financial institution has become that of “Survival of the fittest” due to the lukewarm attitude of the Nigerian citizens in exposing their business interest to organizations incorporated under this system.
This is very bad for the economy considering the role non-banking financial institutions (NBFIS) play in supporting and sustaining the welfare of the small scale business and thrifty motivation given to low any high incomers in our present economy still developing.
1.1 PURPOSE OF THE STUDY:
The purpose of the study as concerned in this topic is undertaken with the following objectives in mind.
(i) To identify the types of non-banking financial organization in Nigeria;
(ii) To find out whether or not this various non-banking institutions have any difference and similarities to the banking system.
(iii) To also find out their various sources of fund and respective functions.
(iv) To find out if there is any principles and loss guiding the firms and the parties that transact business with them.
1.2 SIGNIFICANCE OF THE STUDY:
The study is very important mostly now that our economy is gradually developing with the current government policies on corruption. We shall also see how non-banking financial institution helps in the upliftment of national economy thus:
(i) They offer grant assistance in borrowing of funds for the establishment of small and large-scale business enterprises.
(ii) They provide intermediary services to facilitate prompt and safer transaction.
(iii) They reduce the risk that is being faced in attempting to earn a return on their saving.
1.3 LIMITATION OF THE STUDY:
It is imperative that the study of this magnitude will on call visits to almost the 36 States in the country to bring information from numerous non-banking financial institutions. But this idea was not possible due to lack of time and enough money resources. As a result of these constraints, the study was limited to only five firms of non-banking financial institution in Enugu and Anambra State with the hope that conclusions gotten in the course of study world averagely apply to other States and non-banking financial sectors.
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?
Format: | Ms Word | ||
Chapters: | 1 - 5 | ||
Pages: | 58 | ||
Attributes: | Questionnaire, Data Analysis,Abstract | ||
Price: | ₦3000 | ||
Get the complete project » |
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
70,332 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
51,683 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
47,118 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
46,590 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
45,673 people found this useful
CAUSES AND EFFECTS OF COMMUNICATION BREAKDOWN IN AN ORGANIZATION (A case study of champions’ brewe...
43,706 people found this useful