Management Of Foreign Exchange In Nigeria By Central Bank Of Nigeria (1959- July, 2004)

ABSTRACT

This work deals with foreign exchange management in Nigeria by the Central Bank of Nigeria (CBN) from 1959 to July 2004. the need to manage foreign exchange became imperative as a result of dis equilibrium in the foreign exchange market caused by inadequate supply of foreign exchange management is a conscious attempt to harnesses foreign exchange resources deploy them to service the economy so as to prevent the economy from experiencing shocks due to foreign exchange volatility.

The central focus of thesis is to examine how CBN through its policy measures manages foreign exchange in the country. To carryout this thesis, the respondent makes use of both primary and secondary data. Questionnaires were in line with the objective of the study.

Based on the objective of the study the findings reveal that the role of CBN in managing foreign exchange is not impressive. The impact of exchange rate policy in managing foreign exchange is not encouraging, the activities of panel market operators negatively affect the effective operation of the foreign exchange management  . conclusion and recommendations were made in line with the findings.

TABLE OF CONTENT

TITLE PAGE

APPROVAL PAGE

ACKNOWLEDGEMENT 

ABSTRACT

DEDICATION

TABLE OF CONTENT

LIST OF TABLE 

LIST OF FIGURE

PROPOSAL

CHAPTER ONE

1.0INTRODUCTION

1.1BACKGROUND OF THE STUDY

1.2STATEMENT OF THE PROBLEM

1.3OBJECTIVES OF THE STUDY

1.4RESEARCH QUESTIONS

1.5RESEARCH HYPOTHESIS

1.6SIGNIFICANCE OF THE STUDY

1.7SCOPE LIMITATION AND DELIMITATION

1.8DEFINITION OF TERMS

REFERENCE

CHAPTER TWO

2.0LITERATURE REVIEW

TABLE 4.3. DEFINITION OF FOREIGN EXCHANGE

2.2MANAGEMENT OF RESERVE FLOURS

2.3EXCHANGE RATE MANAGEMENT

2.4TRADE AND EXCHANGE CONTROL

2.5ADMINISTRATIVE CONTROL

2.6MANAGEMENT OF RESERVE STOCKS

2.7LIQUIDITY AND SECURITY

2.8ASSETS DIVERSIFICATION

2.9FOREIGN EXCHANGE  PROBLEMS

2.10FOREIGN EXCHANGE CONTROL

2.11FOREIGN EXCHANGE MARKET – IFEM

REFERENCE

CHAPTER THREE

3.0RESEARCH DESIGN & METHODOLOGY

TABLE 4.3. RESEARCH DESIGN

3.2SAMPLE SIZE

3.3POPULATION SIZE

3.4SAMPLES AND SAMPLING TECHNIQUES

3.5SOURCES OF DATA

3.6DATA LOCATION

3.7METHOD OF DATA PRESENTATION

3.8METHOD OF DATA ANALYSIS.

CHAPTER FOUR

4.0DATA PRESENTATION AND ANALYSIS

TABLE 4.3. DATA ANALYSIS TECHNIQUES

4.2ANALYSIS OF THE QUESTIONNAIRES

4.3TESTING OF HYPOTHESIS

4.4OPERATION ASSUMPTION

4.5DECISION RULE

CHAPTER FIVE 

5.0SUMMARY OF FINDINGS, RECOMMENDATION AND CONCLUSIONS

TABLE 

45.1 SUMMARY OF FINDINGS

5.2RECOMMENDATIONS

5.3CONCLUSION 

BIBLIOGRAPHY