Download Tag: THE ROLE OF CENTRAL BANK

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY The development of central banking can be said to date from the middle of the 19th century, but precisely, there is no exact date when banking started in Nigeria. Historically, records showed that domestic banking activities started in 1961, when a shipping company Elder Dempter lines started banking services in Lagos. The chairman of the company in 1392 established the first banking, institution called ...

ABSTRACT This research work examined the role of Central bank in development of Nigeria Economy (1986-2010). Secondary data were used in this research work. The hypothesis was tested to examine the significance of relationship that exist between monetary policy tools, exchange rate and interest rate on economic growth in Nigeria. The analytical techniques used were the simple regression analysis while the student t-ratio was used for the test. From the ...