Download Tag: ECONOMY

Abstract This study was on bank product development in non-bank base economy. Two objectives were raised which included:  To develop an empirical model that would investigate the effect of financial development on bank product development and to ascertain the effect bank product development on non-bank-based economy. A total of 77 responses were received and validated from the enrolled participants where all respondents were drawn from CBN in Lagos state. Hypothesis ...

Abstract This study examines the developmental impact of indirect tax on Nigeria economy. The study uses value added tax revenue and custom and excise duty revenue as independent variables and economic growth was proxy with real gross domestic product as the dependent variable. The study employ secondary data collected from Central Bank of Nigeria statistical bulletin for the period covering 2000 to 2020 for the empirical analysis using the convenient ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The effect of computer application in the Banking sector can never be over emphasized. During the middles of the twenties century, there was a proliferation of various capabilities and sizes in almost all the aspects of human endeavor. One might be very correct to say that Computer application has been specifically useful in the banking industry. The machine called computer came as ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The effect of computer application in the Banking sector can never be over emphasized. During the middles of the twenties century, there was a proliferation of various capabilities and sizes in almost all the aspects of human endeavor. One might be very correct to say that Computer application has been specifically useful in the banking industry. The machine called computer came as ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY      By definition, a market is a place or a mechanism through which buyers and sellers exchange goods and services using a generally accepted medium of Exchange (i.e. Money). Thus, just like any other market, the Financial Market is a specialized market that is responsible for channelling financial resources from the surplus units ( savers ) to the deficit units ( those who needed ...

CHAPTER ONE 1.0   INTRODUCTION According to the stallion, a quarterly publication of union bank of Nigeria Plc, (anniversary edition 1998).The earliest support for establishment of the central bank of Nigeria goes back to the period of the banking failures of’ the early 1950’s following which the power of control of banking was vested on the financial secretary. Many Nationalists’ leaders at that time urged for the creation of a central bank ...

ABSTRACT The research work aimed at examining the role of Small and Medium Scale enterprises (SMEs) in an economy using Eddison Aluminum Company as a case study. The main instrument used to generate data for the study was the questionnaire, sixty (60) in number which received 93.33% response rate. The key issues uncovered by the research study are that respondents agreed that small and medium scale enterprises like Eddison Aluminurn ...

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Inflation can be defined as persistent rise or increase in the general level of price. Inflation is an economic situation whereby so much money is chasing few goods. It is a problem which affects every country of the world especially developing countries like Nigeria which goes a long way to affecting the states. Inflation is the most serious problem prevailing I our economy ...

BACKGROUND OF THE STUDY The Financial market is divided into two main divisions, namely (i) the Money Market, and (ii) the Capital Market. The Money Market is quite different from the Capital Market in the sense that, unlike the Capital Market, one cannot raise long-term capital from the Money Market. The existence of money markets facilitate trading in short- term debt instruments to meet short-term needs of large users of ...

ABSTRACT The study was carried out to survey the effects of population in Ondo State a case study of Okitipupa Central. The sample consists of 26 area in Okitipupa Central. A questionnaire was constructed based on the crave for the percentage of increase yearly. The effect of grow on Nigeria economy in particular, Okitipupa central the percentage of parents that have more than four children, if a family planning centre ...

CHAPTER ONE INTRODUCTION 1.1      BACKGROUND OF THE STUDY  The Financial market is divided into two main divisions, namely (i) the Money Market, and (ii) the Capital Market. The Money Market is quite different from the Capital Market in the sense that, unlike the Capital Market, one cannot raise long-term capital from the Money Market. The existence of money markets facilitate trading in short- term debt instruments to meet short-term needs ...

ABSTRACT This study was on the causes and effect of Tax Evasion and Avoidance on the economy (Board of Internal Revenue in Abia State). The major objective of the study is to identify the causes and effect of Tax Evasion and Avoidance in the state and how it is done. It also the aim of the study to suggest ways of at least minimizing this ugly incidence in the state, ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The resultant impact of financial liberalization opened up the Nigerian economy to global financial markets, which has generated increasing apprehension in the economy and has exposed the fragility and vulnerability of her financial system. It is therefore imperative for the Central Bank of Nigeria to introduce measures that will reduce the exposure and enhance the stability of small business operators in Lagos ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY The financial system of any financial company provide the catalyst through financial intermediation for productive activities to ensure economic growth and development Olowo (2008). The Nigerian financial sector is undoubtedly the most important in the political economic system because it provides the necessary lubricant that keeps the wheel of the economy turning and it is an engine for economic growth. The sector ...

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Therefore, the body of literature on population growth in Nigeria has always emphasized either the negative or the positive effect. Therefore, in every discussion, it is conventional to start with a ...

ABSTRACT  The role of the capital market in the revolutionisation of the economy cannot be over emphasize especially when one considers the high level of financial intermediation it conducts as regards its role in channeling funds in large amount from surplus areas to deficit areas. CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The role of the capital market in the revolutionisation of the economy cannot be over emphasize especially when ...

CHAPTER ONE INTRODUCTION The money market is place or mechanism by which short – term funds or exchanging financial assets representing short-term claim are obtained .A money market can be simply defined as a market consisting of financial institutions and other dealers in short term money and credit who either want to lend or borrow money .As a group , these financial organization and deders facilitates the borrowing and lending of short ...

CHAPTER ONE INTRODUCTION  During the period of oil boom, price of oil were high ad Nigeria, being an oil producing and exporting country, reaped benefits from this. However, it did not last for ever and also had disadvantageous effects on the country economy. Due to the boom and many inappropriate policies introduced by government to guide the economy, distortion were introduced into the vulnerable to external stocks.The oil boom of ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The rate of economic development of any nation is inextricably liked to the sophistication of its financial markets. Financial markets assist the nation of the world to give the needed financial resources and skills for growth and development. Apart from promoting a sound and efficient payments mechanism, the financial intimidation. The financial market is an institutional arrangement that facilities the inter-mediation of ...

ABSTRACT The banking system and financial institutions is one of the fastest growing and developing sectors of paramount importance in the Nigeria economy.  The role of the various banking ad non-banking financial institutions in the provision of different types of industrial and agricultural finance are fully appraised. In examining the role of financial institutions in economic developments, the following theoretical concepts usually constitute the focus of attention, namely; The domestic ...