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Economics

Bullion

1992

Articles 1 - 18 of 18

Full-Text Articles in Social and Behavioral Sciences

The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed Dec 1992

The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed

Bullion

Central banks, especially in Third World countries, play a major role in the growth and development process. Although the structures, functions and powers of central bank vary from country to country, depending on the economic, political, social and other environmental realities prevailing in society, the primary role of any central bank is the promotion of monetary stability and a sound financial system. In performing this role, a central bank necessarily undertakes some functions which include the issue of legal tender currency, maintenance of the value of the national currency, enhancement of funds mobilization, facilitation of competitive efficiency among banks and …

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International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila Dec 1992

International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila

Bullion

Since the inception of SAP, the Federal Government has introduced many far reaching economic and financial measures aimed at promoting non-oil exports. Such measures include the promulgation of the incentives and Miscellaneous Provisions Decree, No. 18 of 11th July, 1986, the establishment of the Nigerian Export Import Bank (NEXIM) to provide different funds and financial assistance to exporters, the introduction of the Nigeria Economic Reconstruction Fund (NERFUND), the setting up of Small and Medium Scale Enterprises Fund (SMEs Fund) and the deregulation of the Foreign Exchange Market (FEM) which has resulted in significant depreciation of the naira exchange rate. The …

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The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor Dec 1992

The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor

Bullion

This paper examined the need for capital market regulation which is motivated by the desire to protect the investing public from malpractices, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development. History has shown that inadequate or absence of regulation is detrimental to the capital market as it encourages sharp practices by participants. Regulatory agencies are therefore necessary to police activities in the market with the aim of preventing or minimizing abuses which might mar investors’ confidence, the market's integrity and stability. As financial markets get liberalized, market participants …

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Access To Credit: The Case For Rural Women., E. B. I. Oladunni Dec 1992

Access To Credit: The Case For Rural Women., E. B. I. Oladunni

Bullion

The alleviation of poverty has generally been the cornerstone of economic policy in Nigeria. Past policies have been pursued with the sole objective of improving the living standards of the people through enhanced income and generation of employment opportunities. Despite all machineries put in place, most of the women folk have not benefited because of some endemic socio-cultural problems affecting the women. This paper highlights the need for credit, conditions for attracting credit especially for rural women and the policies that can provide the right atmosphere for access to credit by rural women for sustainable development.

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The Challenges Of The New Banking Legislations, Oduyemi O. S. Sep 1992

The Challenges Of The New Banking Legislations, Oduyemi O. S.

Bullion

This paper examines Nigeria's new banking legislations. The new banking laws together with deposit insurance system, established in 1988, and the new regulations embodies in the prudential guidelines and the accounting standards for banks, both introduced in 1990, constitute and essential foundation for managing and promoting a dynamic and sound financial sector. The new regulatory environment places emphasis on the need for institutions to strengthen and build up capital, improve the quality of assets and maintain high lending and investment standards. The paper is in three parts. Part I reviews some of the major trends in the financial industry with …

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Regulatory Framework Of Non-Bank Financial Institutions In Nigeria., Ojo M. O. Sep 1992

Regulatory Framework Of Non-Bank Financial Institutions In Nigeria., Ojo M. O.

Bullion

This article examines the regulatory framework of non-banking institutions (NBFIs) in Nigeria. Those institutions often referred to as non-banks have been identified. However, it is noted that in this paper non-bank financial institution are those defined as other financial institutions by the Banks and Other Financial Institutions Decree (BOFID). The objective of this paper is to present an overview of the regulation of the non-bank financial institutions over the years. Part One of this paper identified the relevant institutions termed non-bank financial institutions. Part Two, the new regulatory framework is reviewed. This is followed in Part Three by an appraisal …

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Foreign Exchange Market In Nigeria, Ntekop T. J. Sep 1992

Foreign Exchange Market In Nigeria, Ntekop T. J.

Bullion

The paper carried out an appraisal, reviewed the benefits and problems and highlighted the prospects of foreign exchange market(FEM). The foreign exchange market(FEM) became institutionalized in Nigeria following protracted economic declines. The 1970's were generally regarded as an era of oil boom in Nigeria, when oil revenue enhanced economic development. The economy became heavily dependent on crude petroleum exports as the main source of foreign exchange earnings and government revenue. In a continuous effort to revamp the economy, the government introduced the Structural Adjustment Programme (SAP) in 1986 as a short-term measure to last till 1988. The core component of …

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Banking Supervision And Inspection, Agene C. E. Sep 1992

Banking Supervision And Inspection, Agene C. E.

Bullion

The paper examines banking supervision and regulation. It is organized into two parts: part one, introduction, discusses the overview of banking supervision and regulation and part two looks at the internal audit function, internal control measures and procedures for internal control. The concluding part examines the opportunities of financial conglomerates created in the Nigerian scene as well as the problem of proper risk management for the supervisory authorities.

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The Role Of Discount Houses In Monetary Policy Implementation., B. A. Oke Jun 1992

The Role Of Discount Houses In Monetary Policy Implementation., B. A. Oke

Bullion

Discount houses are financial institutions which shift funds between the central bank on one hand and licensed banks on the other hand, through the provision of discounting and re-discounting of eligible short-term securities such as treasury bills and certificates and commercial bills. The purpose of this paper therefore is to highlight the role of discount houses in monetary policy implementation. Part I discusses the assets structure a d functions of discount houses. Part II discusses the role of discount houses in monetary policy implementation. Part II highlights the relationship between a central bank and discount houses while Part IV focuses …

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The Need For Discount Houses In Nigeria., O S. Oduyemi Jun 1992

The Need For Discount Houses In Nigeria., O S. Oduyemi

Bullion

Given the rapid expansion of Nigerian economy and the growth in government activities, discount houses in Nigeria will not only have busy schedules but will also be lucrative. The paper discusses the antecedents for the establishment of discount houses in Nigeria as well as their functions. To facilitate the presentation, the paper is divided into three parts. Part I highlights the role of discount houses and their functions. Part II discuss the rationale for establishing discount houses in Nigeria. The paper ends in part III which contains a discussion on prospects of discount houses in Nigeria as well as a …

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The Role Of Banks In Successful Implementation Of The Premier Export Processing Zone In Nigeria., C M. Anyanwu Jun 1992

The Role Of Banks In Successful Implementation Of The Premier Export Processing Zone In Nigeria., C M. Anyanwu

Bullion

The establishment and promotion of Export Processing Zones (EPZs) has been identified as a potential scheme for boosting manufactured exports. A decree (No. 34 Nigerian Export Processing Zones Decree 1991) formally establishing export processing zones in Nigeria was promulgated by the Federal Government on August 9, 1991. Consequently, an area beside the port of Calabar has been chosen as the site of Nigeria’s premier EPZ and the foundation stone was laid by the President in November,1991. This paper, therefore, examines the expected roles of the banks with a view of alerting them to the challenges ahead.

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Developments In The Banking And Finance Industry: Institutional Framework 1970 - Date Changes In Ownership Structure., J O. Sanusi Jun 1992

Developments In The Banking And Finance Industry: Institutional Framework 1970 - Date Changes In Ownership Structure., J O. Sanusi

Bullion

This paper provides a historical review of the ownership structure of Nigerian banks from the beginning of banking activities in the country in 1894 to the present. It shows that the ownership structure has both influenced changes in the institutional and legal framework and has also been influenced by them. The paper also analysed some of the implications of the changing structure of ownership and offered some recommendations.

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Nigerian Exchange Rate Administration Under The Structural Adjustment Programme., E A. Owolabi Jun 1992

Nigerian Exchange Rate Administration Under The Structural Adjustment Programme., E A. Owolabi

Bullion

This paper has been concerned with describing the administration of the naira exchange rate primarily under the on-going Structural Adjustment Programme (SAP). The aim of this paper is to briefly review the administration of Nigeria's exchange rate policy since inception of the market- determined exchange rate system. The discussion is organized in four main parts. Part I, exchange rate administration before the introduction of Structural Adjustment Programme (SAP) in July 1986 is briefly reviewed to provide the necessary background for adopting the market-determined system under SAP. Part II is devoted to the analysis of the structure of the foreign exchange …

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Indirect Monetary Control In Nigeria: Problems And Prospects, A. Ahmed Mar 1992

Indirect Monetary Control In Nigeria: Problems And Prospects, A. Ahmed

Bullion

A speech delivered at the Annual Dinner of the Chartered Institute of Bankers of Nigeria by the Governor of Central Bank of Nigeria, Ahmed, A. on the proposal by the Federal Government to shift the technique of monetary credit management from the imposition of credit ceilings on banks to the use of market based instruments.

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Indirect Monetary Control: What It Means And How Nigeria Is Moving Towards It., J. A. Olekah Mar 1992

Indirect Monetary Control: What It Means And How Nigeria Is Moving Towards It., J. A. Olekah

Bullion

This paper examines what indirect monetary control is, and how Nigeria is moving towards it. The first section of the paper explained indirect monetary control as the techniques of controlling money supply through manipulation of the monetary base which comprises of total bank reserves plus currency in the hands of the non-bank public.

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Sustaining Private Sector - Public Sector Partnership For A Viable Nigerian Polity, Ibrahim Badamasi Babangida Cfr Mar 1992

Sustaining Private Sector - Public Sector Partnership For A Viable Nigerian Polity, Ibrahim Badamasi Babangida Cfr

Bullion

A welcome address by the Military Head of State, His Excellency General Ibrahim Badamasi Babangida at the Fifth Annual General Meeting of Nigeria Incorporated PIC.

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A Review Of Monetary And Credit Policy Guidelines For 1992, S N. Ibeabuchi Mar 1992

A Review Of Monetary And Credit Policy Guidelines For 1992, S N. Ibeabuchi

Bullion

This paper reviews the current monetary policy measures adopted by the monetary authorities in 1992 in the light of prevailing circumstances. To this end, the paper is divided into three parts. Part one deals briefly with the objectives and instruments of Monetary Policy while Part two examines the background to current monetary measures in Nigeria. Part three reviews the current monetary and credit policy guidelines.

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Exchange Rates Developments In Nigeria, R A. Olukole Mar 1992

Exchange Rates Developments In Nigeria, R A. Olukole

Bullion

This paper discusses the determinants and behaviour of exchange rates. It also examines the exchange rate policies in Nigeria from 1960 - 1991. The pricing methodology was examined with an overview of the Naira exchange rate movements from 1986 - 1991. The paper is divided into four parts. Part I highlights the determinants and behaviour of exchange rates. Part II discusses the exchange rate policies in Nigeria from 1986 - 1991. Part III focuses on the pricing methodology with an overview of the Naira exchange rate movements from 1986-1991. Part IV examines the Parallel market and the Bureau DE Change …

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