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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 money market consists of structures for obtaining or mobilizing short-term funds or exchanging financial assets representing short-term claims. The market trades on various instruments which essentially have short-dated maturities, usually one year. This market is an important aspect of the financial market in any economy usually a well functioning financial market gives liquidity to financial assets, in addition to the mobilization of ...

CHAPTER ONE           INTRODUCTION 1.1     HISTORICAL BACKGROUND The Central Bank of Nigeria was established because of the anracteristic and difficult of the monetary system, which proceeded it. In these case, the currency or legal tender obtaining in the colorizes before independence was issued by a currency board. Also the development of indigenous banking and growth in the financial mechanism could not be achieved without the assistance of a central bank institution west ...