MONETARY POLICY IN NIGERIA BANKING INDUSTRY ( A CASE STUDY OF FIRST BANK PLC)


Content

 

 

 

TABLE OF CONTENTS

CHAPTER ONE

1.0        INTRODUCTION

1.1    Background of the Study

1.2    Statement of the Study

1.3    Objective of the Study

1.4    Research Question

1.5    Research Hypothesis

1.6    Significance Of The Study

1.7      Delimitations And Limitation

1.8    Limitation

1.9    Definition Of Terms

REFERENCES

 

CHAPTER TWO

2.0    LITERATURE REVIEW

2.1   CONCEPTUAL FRAMEWORK

2.2     THEORITICAL LITERATURE

2.2.1  TYPES OF MONETARY POLICY

2.2.2  AIMS AND OBJECTIVES OF MONETARY POLICY

2.2.3  INSTRUMENTS OF MONETARY POLICY

2.2.4   FISCAL POLICY

2.2.5 DIFFERENCES BETWEEN MONETARY AND FISCAL POLICY

2.3    EMPIRICAL LITERATURE

2.3.1      MONETARY POLICY STRATEGY IN NIGERIA

2.4    MONETARY POLICY AND CENTRAL BANK OF NIGERIA

2.4.1 The Cbn’s Monetary Policy Framework

2.4.2 Monetary Targeting

2.4.3 Interest Rate Targeting

2.4.4 Nominal Gross Domestic Product Targeting

2.4.5 Exchange Rate Targeting

2.5    MONETARY POLICY AS AN INSTRUMENT FOR EFFECTIVE BANKING IN NIGERIA

2.6  THE OBJECTIVES OF MONETARY POLICY IN NIGERIA BANKS

 

CHAPTER THREE

3.0    Research Methodology

3.2    Population

3.3    Data Collection Instrument

3.4    Sample Technique

3.5      Tools for Processing the Data Collected

3.6      Data Analysis

3.7    Anticipated Result

 

CHAPTER FOUR

4.1    BATTERY TEST

4.1.1 UNIT ROOT TEST

4.1.2 JOHAMSON CO-INTEGRATION

4.2     PRESENTATION OF REGRESSION RESULT

4.2.1 EVALUATION OF RESULT

4.2.2 EXPECTED AND OBTAINED SIGN OF OUR PARAMETER ESTIMATE

4.3    EVALUATION OF STATISTICAL CRITERIA

4.3.1 TEST OF SIGNIFICANCE OF THE PARAMETER

4.3.2        F-test Statistics

 

CHAPTER FIVE

SUMMARY, CONCLUSION AND POLICY RECOMMENDATION

5.1    SUMMARY

5.2     CONCLUSION

5.3    POLICY RECOMMENDATION

BIBLIOGRAPHY

 

 

 

 

 

 

 

 

 

 

 

 

 

CHAPTER ONE

2.0      INTRODUCTION

Currently, monetary policy has been taken to be a very vital measure in controlling the Nigeria economy this is one of the principal functions of the firstbank of Nigeria (CBN). The CBN caries out this responsibility on behalf of the federal Government of Nigeria through a process outlined in the firstBank of Nigeria Decree 24, 1991 section 8 sub sections 1 and 2, the Governor shall keep the president informed of the monetary and banking policy pursued or intended to be pursued the Bank. The president after due consideration may, in writing, direct the bank as to monetary and banking policy pursued or intended on the board which shall forthwith take all steps necessary or expedient to give effect there to

 

        Monetary policy is a programme of action undertake by the monetary authorities, generally the firstbank, to control and regulate the demand for and supply of money with the public and the public and the flow of credit with view to achieving predetermined macroeconomic goals

        1.1   Background of the Study

        The federal Government have seen economy as a result of unstable exchange rate. Is cobbling, and have decided to improve and maintain to strengthening balance of payment and maintenance of stable domestic price level.

1.2   Statement of the Study

        In this report, the impact of monetary policy in Nigeria banking industry will be investigated. The investigation on the impact of this monetary policy in Nigeria banking industrys will enable its complete distribution even to the local communities. It will also enable its ascertainment on the likely problem that will occur on the process of implementing monetary policy. It will also go a long way. Way in making people know how to spend their money.

 

1.3   Objective of the Study

        The objective of this study is to ascertain know the high rate of employment.

1.4   Research Question

        For the purpose of this study the following question will guide this work.

How does C.B.N implement their monetary policy

How does the C.B.N uses the monetary policy in controlling the price stability of the state.

How does monetary policy increase the growth of the economic productivity.

1.5   Research Hypothesis

        For the purpose of the work, the following hypothesis will be tested.

        Null hypothesis; if the impact of monetary affect the banking industry

Alternative hypothesis; if the impact of monetary policy does not affect the banking industry.

1.6   Significance Of The Study

        This project proposal is significant in the following ways:

        To prospective study who wants to know more on the impact of monetary policy in the banking sector.

        The study will be relevant to those who work in the bank to help them know how impact monetary policy in banking sector.

        To the Government on how to plan to improve the impact of monetary policy in banking industrys.

1.8      Delimitations And Limitation

this study will cover areas of academics, business, Government and banks

1.8   Limitation

        A study of this nature cannot be carried out without difficulties in the process. An important constraint is the time constraint. This research proposal work and examination and the research were complied with a very short period of one week.

        Another constraint is finance, a research of this nature involves adequate search ( raw materials)

        Lastly, difficulty in securing relevant data for the study

1.9   Definition Of Terms

        Harry (1962) defines monetary policy as a “policy employing firstbanks control of the supply money as an instrument of achieving the objectives of general economic policy”.

        According to C.B.N brief (1999) monetary policy refers to the combination of measure designed to regulate the value, supply and cost of money in an economy in consonance with the level of economic activity.

        Barbara (2006) defined monetary policy as one of the main policy tools used to influence interest rate, inflation and credit availability through changes in supply of money or variable in economy

        Falepan (1978) maintain that monetary policy deals with the discretionary control of money supply by the monetary authorities in order to achieve stated or desired economic goals.

 

 

REFERENCES

Barbara, C Clauchia, G and Molynenet, U. (2006) Introduction to Banking, person

Education Limited United Kingdom

 

FirstBank of Nigeria (C.B.N) Briefs (1999) Special Edition research

Departments

 

 

 

 

 

 

 

REFERENCES

 

ODo O.C (1992) Grade to roposal writing in social and Behavioral sciences Enugu

Soap Press

 

Nwachukwu (2000) Increases in Reserve ratio, Lagos Landmark Publication

 

Connell M.C and Brue (2000) measures of inflation London Sir Isaac and

Sons Ltd.

 

 

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