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Full-Text Articles in Social and Behavioral Sciences
A Review Of Small-Scale Enterprises Credit Delivery Strategies In Nigeria, E. E. Inang, G. E. Ukpong
A Review Of Small-Scale Enterprises Credit Delivery Strategies In Nigeria, E. E. Inang, G. E. Ukpong
Economic and Financial Review
The paper reviews the crucial role of Small-Scale Enterprises [SSEs] in facilitating industrial development, some special advantages of existing credit schemes to small-scale enterprises, the peculiar handicaps which SSEs face, the most crucial being poor access to development finance, and highlights areas and ways in which credit guarantee and insurance schemes for SSEs could substantially contribute to their development and growth in Nigeria. Notable among the credit schemes and institutions reviewed are the Small-Scale Industries Credit Scheme (SSICS) introduced in 1971; the Nigerian Bank for Commerce and Industry (NBC!) established in 1978; the Nigerian Industrial Development Bank (NIDB); the Central …
Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn
Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
While the number of insurance companies operating in the Nigerian economy increased in 1990, both income and expenditure of the companies rose during the same period. The report revealed that the growth rate of income in the industry exceeded the expenditure rate, as the income to expenditure ratio rose from 1.59 to 1.81 between 1989 and 1990.
International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila
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 …
The Demand For Monetary Function In Nigeria: An Empirical Investigation, F. O. Oresotu, Charles N.O. Mordi
The Demand For Monetary Function In Nigeria: An Empirical Investigation, F. O. Oresotu, Charles N.O. Mordi
Economic and Financial Review
This paper provides _further empirical evidence ,in the nature ,if the demand for money function in Nigeria for the period 1960-1991. 'The paper also addressed the issue of the appropriate adjustment process, structural stability of the estimated equation, as well as the influence of external factors on money demand function in an open economy, such as Nigeria.
Foreign Exchange Market In Nigeria, Ntekop T. J.
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 …
Current Monetary And Banking Policies In Nigeria And The Prospects In The Third Republic, V. A. Odozi
Current Monetary And Banking Policies In Nigeria And The Prospects In The Third Republic, V. A. Odozi
Economic and Financial Review
This paper received and appraised the conduct of monetary and banking policies in Nigeria in the recent past, and charts prognosis of future monetary policy directions, come the Third Republic. As a background information, the paper reviews the conceptual, analytical and institutional framework for the conduct of monetary and banking policies in general, noting the widespread consensus that efficient management of money stock and the related price variables are vital instruments for inducing investment and growth of any economy. An overview of recent monetary and banking policies in Nigeria acknowledged the innovative initiatives taken so far to reform the financial …
Foreign Private Investment In Nigeria In 1990, Central Bank Of Nigeria Cbn
Foreign Private Investment In Nigeria In 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
Foreign Private investment in Nigeria continued to get government attention, as more areas of the economy are opened up to foreign investors. Also, various incentives to attract such investments into the country, continued to be put in place. As in many developing countries, the availability of such funds enhances position of balance of payments. flowerer, the desired contribution from the foreign private int1eStment segment to the external sector is yet to be fully achieved.
Indirect Monetary Control In Nigeria: Problems And Prospects, A. Ahmed
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.
Indirect Monetary Control: What It Means And How Nigeria Is Moving Towards It., J. A. Olekah
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.
Exchange Rates Developments In Nigeria, R A. Olukole
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 …
Monetary Policy In Nigeria In The 1980s And Prospects In The 1990s, M. O. Ojo
Monetary Policy In Nigeria In The 1980s And Prospects In The 1990s, M. O. Ojo
Economic and Financial Review
The main aim of the paper is to review the evolution and performance of monetary policy in Nigeria in the 1980s. Monetary policy objectives remained broadly the same throughout the review period· simulation of output and employment, promotion of stable prices and support of external equilibrium The direct monetary controlframeworkentailingtheprescripttonqfaggregatecreditceilings,selectivecreditcontrolsandregulatton of interest rates, was prominently used between 1980 and 1985, and although was generally retained from 1986, there was some degree of liberalizatton in line with the general philosophy of the Structural Adjustment Programme. Monetary policy faced increasing difficulties due in large part to the Inadequacy of the control framework …
Management Of External Debt: Nigeria's Experience, Central Bank Of Nigeria Cbn
Management Of External Debt: Nigeria's Experience, Central Bank Of Nigeria Cbn
Economic and Financial Review
This paper traces the genesis of Nigeria's external debt from the period prior to the introduction of the Structural Adjustment Programme (SAP) to the current period. 'The factors which combine to bring the external debt to the current level comprise borrowings from the multilateral and bilateral Institutions, the accumulation of trade arrears, default in the repayment of loans, capitalization of unpaid interest, and depreciation of the U.S. dollar against other major international currencies In which the loans were contracted. Measures taken to limit the growth of Nigeria's external debt include embargo on new loans, directives to State Governments to minimize …