Download Tag: NAIRA

ABSTRACT Economist and Policy maker researchers had long believed that devaluation is one of the effective tools for improving the economy. This is because devaluation is expected to expand domestic Production, Promoting exports and replacing imports and as a result generating more jobs. But this is not so in the Nigeria experience. The rate of devaluation in the economy is great as many sector of economy has been attacked, many ...

ABSTRACT The objective of this study is to access the impact of devaluation of the naira on Nigeria’s balance of payment. Before the dominance of the oil sector, particularly between 1960-1970, the balance of payment was less erratic. However, since 1970, the balance of payment has swunged at one time or the other from a position of strength to that of the weakness with a decline in foreign exchange earnings. ...

ABSTRACT This study titled analysis of the persistent depreciation of the naira in the foreign exchange market: causes, effects and solutions. Captures the performance of Nigeria economy in the face of the continuous depreciation of the naira. The major objective of the study is to determine the effects of the depreciation on Nigeria growth. The data to be used for this work is the secondary source of data due to ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY Foreign exchange is the means of payment for international transactions and it is made up of convertible currencies that are generally acceptable for the settlement of international trade and other external obugations.  The foreign exchange market is an arrangement or medium of interaction between the sellers and buyers of foreign exchange in a bid to negotiate a mutually acceptable price for the settlement ...