MANAGEMENT OF FOREIGN EXCHANGE IN NIGERIA BY CBN
ABSTRACT
This thesis deals with foreign exchange management in Nigeria by the Central Bank of Nigeria (CBN) from 1959 to July 2004. The need to manage foreign exchange became imperative as a result of dis equilibrium in the foreign exchange market caused by inadequate supply of foreign exchange management is a conscious attempt to harnesses foreign exchange resources deploy them to service the economy so as to prevent the economy from experiencing shocks due to foreign exchange volatility.
The central focus of thesis is to examine how CBN through its policy measures manages foreign exchange in the country. To carryout this thesis, the respondent makes use of both primary and secondary data. Questionnaires were in line with the objective of the study.
Based on the objective of the study the findings reveal that the role of CBN in managing foreign exchange is not impressive. The impact of exchange rate policy in managing foreign exchange is not encouraging, the activities of panel market operators negatively affect the effective operation of the foreign exchange management . conclusion and recommendations were made in line with the findings.
Proposal
This thesis deals on the management of foreign exchange in Nigeria by central Bank of Nigeria; (CBN) from 1959 to July 2004.
In carrying out this thesis the researcher examine how CBN through the policy measures manages foreign exchange in the country.
That is why this thesis is divided into five chapters, chapter one introduce the , the background, the problems, the objectives, significance if the study and limitation.
Chapter two is a direct attempt to review the related literature, elimination of foreign exchange.
Chapter three deals with the research methodology and design adopted for presentation of information.
Chapter four is concerned with the presentation of data, data analysis techniques and test of hypothesis to enable one provide answers to related questions
Chapter five summarizes the findings makes conclusion and recommends solutions to the problem under study.
CHAPTER ONE
1.0 Introduction
1.1 Background Of The Study
It has already been stated that money is a common denomination in which the rate relative value of goods and services can be expressed.
Throughout history any community which form itself into a nation for the purpose of self-government immediately introduce its own distinctive unit of account − monetary unit of account (Legal tender)
In the words or (Obaseki 1991:15) “ in the international reaches no legal tender exists value must be measured, accounts kept and payments made by conversion process is known as foreign exchange.
Foreign currency, otherwise known as foreign exchange, is one of the scare resources particularly in developing economy. Unless the management of this scarce resources is properly articulated in terms of its revenue generation and expenditure, or unknown and out now a country runs the risks of balance of trade or balance of payment problems. Moreover, in order that a country may optimize the advantages of international trade, it become imperative for that country to institute appropriate foreign exchange management.
The practice of managing the foreign exchange resources has, therefore evolved broadly in line with the globalization and liberization of economics and financial markets” (Anfourose 1997:19)
1.2 Statement Of The Problem
The primary objective of foreign exchange management is to reduce foreign exchange instability and its adverse effect on the economy. Despite government effects to achieve this objective though the Central Bank of Nigeria (CBN), foreign exchange (Monitoring and miscellaneous provisions) decree No.17 promulgated in 1995 and the introduction of the use of forms A and M, a handled problems are still identified with foreign exchange operation in Nigeria.
There problem include
- Inadequate inflow of foreign exchange
- Balance of payments problems
- Debt services burden
- Continuous depreciation in the value of the naira.
- Problem of funding sectorial allocation of foreign exchange in the foreign exchange market.
1.3 Objective Of The Study
The objective of the study are
- To examine the roles of the Central Bank of Nigeria in managing the countries foreign exchange.
- To examine the impact of foreign exchange rate policy in the foreign exchange management.
- To examine the effect of the activities of parallel market on the foreign exchange management.
- Examine the problems facing foreign exchange management in Nigeria.
1.4 Research Question
- How can we determine the role of the central bank of Nigeria in managing the country’s foreign exchange?
- Is the impact of foreign exchange rate policy been encouraging?
- Is the activities of the parallel market operators negatively affect the effective operation of the foreign exchange management in Nigeria?
1.5 Research Hypothesis
- Ho: The role of Central bank of Nigeria in managing the countries foreign exchange is not impression.
Hi: The role of the CBN in managing the countries foreign exchange - Ho: The impact of exchange rate policy in the management of foreign exchange in Nigeria not admirable
Hi: The impact of exchange rate policy in the management of foreign exchange in Nigeria is admirable - Ho: The activities of parallel market operators negatively affect the effective operation of the foreign exchange management in Nigeria.
Hi: The activities of parallel market operators positively affect the effective operation of the foreign exchange management in
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Management of Foreign Exchange in Nigeria by CBN can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.0 Introduction
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Management of Foreign Exchange in Nigeria by CBN" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.0 Introduction
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Management of Foreign Exchange in Nigeria by CBN" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “The Role of Monetary Policy in the Control of Inflation in Nigeria (1995-2005)” be used as a guide for Accountancy / Accounting Project?
Yes it can be used — In there days there is uncontrollable inflation rate in Nigeria economy. This is so because the cost of saw materials are two high and there exist the so called Nigeria factors. Nevertheless, this research work has examined the roles played by the monetary authorities (CBN) towards ensuing the introduction of monetary policy to control inflation in Nigeria. Chapter one of the research work showed the introduction, statement of problem, research question, objective of study, scope of study, significant of the study and definition of terms. Chapter two showed the literature review white chapter three highlighted the research methodology, population and sample size. Adequate analyses are made in chapter four from the available introduction as regards the benefits of the monetary …
Can this topic “Impact of Insurance Companies on Economic Growth in Nigeria (1986-2016)” be used for Economics Project?
Yes it can be utilized for research — Insurance is a veritable sub-sector in the financial system that plays a critical role in growth and development process in an economy. Against this backdrop, the study examined the impact of insurance industry on economic growth in Nigeria between 1986 and 2016. The study precisely investigated the impact of life insurance and non-life insurance penetration on economic growth in Nigeria. The ordinary least square technique was employed in the analysis of data. The result revealed that life insurance penetration and non-life insurance penetration positively and significantly impacted on economic growth within the estimated period. Furthermore, a 1% increase in life-insurance penetration would produce about 17% increase in economic growth and 1% increase in non-life insurance penetration would generate approximately 40.8% increase …
Can the material for “Monetary Policies as Efficient Tools” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — In all the development countries in the word, it was through their good implementation of monetary policy control that their monetary control and supply of money was well manage and implemented very well. Basic on my own view I believed that the monetary authority in our country will do better to achieved the in goal is they do not mis-led the good involve they have started. I also believed from the little that has be done since they started 1962. They have be some improvement in the system, some of this system are. The economic growth which the standard of living has been some improvement and the environment has grow. More also, the relative stability in the domestic prices and double …
Can the material for “Design and Implementation of a Computerized Antenatal Information System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Computerized Antenatal Information System has been shown to be an effective strategy for improving maternal stress and self-efficacy during pregnancy, with the implementation of the Antenatal system, it will provide opportunities for pregnant women to develop competence and obtain knowledge, skills, and social support from health care providers. The aim of the study is to Design and Implement a Computerized Antenatal Information System. In achieving this aim, the following specific objectives were laid out to design and develop an application software that will provide information availability to Antenatal patients and to doctors about expectance mothers' antenatal care, enhance access to information about Antenatal patients i.e. quick information retrieval and secured storage and reliable and desire information for the management, patients …
Can this topic “The Separation of Powers Principle in a Presidential System of Government” be used for Public Administration (PA) Project?
Yes it can be utilized for research — Presidential system of government is a system of government where the executive branch of government exist alongside legislature and judiciary which serves as watch dog. The objective of the study is to find out whether separation of power in Nigerian presidential system of government in the fourth republic help to improve or engender the protection OF civil liberty and freedom of citizen's in Nigeria. It was found out that the separation of power practiced in Nigeria does not guarantee civil liberty and freedom of citizen's in Nigerian fourth republic. …
Can the material for “Management of Zoos in Nigeria; Issues and Prospects” be used as a guide for Zoology Project?
Yes it can be used — The study was carried out to investigate the Issues and Prospects of Zoos Management in Nigeria using Ogba zoo and Nature park as a case study. In achieving this aim, the following specific objectives were laid out to examine the nature of zoos, assess the tourism facilities, services and management strategies of zoos and evaluate the problems and prospects of zoo management in Nigeria. This study therefore sought to address this research paucity by providing a checklist of animals in the zoo and determining visitors' characteristics, influx and revenue generation. The various zoo-tourism facilities, services and management were also assessed. Data collection was through administration of one hundred and thirty-eight copies of open ended questionnaire to visitors, In-Depth Interview (IDI) …
Can the material for “The Attitude of Parents Towards Girl-Child Education” be used as a guide for Education Project?
Yes it can be used — The title of our project was attitude of parents towards girl-child education in Suru Local Government area, Kebbi State. A population of 150 was used the design for the study was survey design. The research questions were answered using descriptive status of simple percentage in tables. One of the major findings was early marriage and economic factors were responsible for low or non participation of girls in western education. It was also recommended that the few educated girls should be employed. …
Can the material for “Broken Homes and It’s Effects on Student’s Academic Performance in Some Selected Secondary Schools” be used as a guide for Education Project?
Yes it can be used — The project deals with the Broken Home and its effects on academic performance in some selected secondary school in Odeda local government area of ogun state. The chapter one comprises of introduction, the chapter two based on review of related literature, and causes of broken home, while chapter three based on research methodology and method of data collection, chapter four emphasise on data analysis, tables, and the final chapter which is chapter five deals with the summary, conclusion and recommendation of the topic. …
Is the topic “The Effect of Information Communication Technology (ICT) on Deposit Mobilization and Profitability” recommended for Banking and Finance (BF) Project?
Yes it is highly recommended — This research work focuses on the Effect of Information Communication Technology (ICT) on deposit mobilization and profitability of banks in Nigeria. It also revealed how computer technology is being used in taking strategic decisions in an organization, with the usage of computer technology. It helps to discover how efficiently and effectively the bank(s) are performing as regards deposit mobilization and trend(s) in profitability. Some research instrument(s) were used in this continuous writing were: Interview, Questionnaire and Observations which were illustrated with charts and (Chi-square). It starts with background of the study up to final recommendation to the higher Authority. …
Can the material for “Effects of Instructional Materials in Teaching and Learning of Government in Secondary Schools” be used as a guide for Education Project?
Yes it can be used — The research work examined the effects of instructional materials in teaching and learning of Government in secondary schools in Osun State, making Osogbo Local Government Area of the state a case study. From five schools, four Government teachers and ten students were randomly picked from each school making a total of twenty teachers and fifty students. The instrument used for collection of data was the questionnaire. Two types of questionnaire were used; the students’ questionnaire and the teachers’ questionnaire. The data collected was analyzed by the use of percentages, and frequency distribution tables were used to determine the distribution of the respondents. From the analysis of the data, the use of instructional materials was seen as very important in the schools …