Download or read book The Global Financial Meltdown and the Nigerian Capital Market written by Eseosa Obadiaru and published by LAP Lambert Academic Publishing. This book was released on 2012-04 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Financial Meltdown was initially seen as western issue with a global name especially in Nigeria, Africa and other developing countries. The ranking of Nigeria as one of the ten least vulnerable economies further boosted the confidence of investors in its capital market. Subsequent events proved many financial analysts wrong as market indices in the Nigerian capital market deteriorated persistently for several months in what appears to be the most catastrophic experience since its inception. To say the least, the effect of the crisis on the Nigeria Capital Market was colossal; There was massive withdrawals of Foreign Portfolio investment with local investors following suit. The study shows that there is a two way causality, between the Capital market of the United States and the Nigeria Capital Market, with a higher causality from the U.S financial market to the Nigerian Capital Market than vice versa. This further showed the vulnerability of the Nigerian stock Exchange to external shocks and distortions; thus the effect of the global crisis on the Nigerian Capital Market was devastating.

Download or read book The Global Financial Crisis and Financial Reforms in Nigeria written by United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade and published by . This book was released on 2010 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Nigerian Capital Market in the African and Global Financial System written by Bob. Es Osaze and published by . This book was released on 2000 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Financial Crisis written by S. O. Akande and published by . This book was released on 2009 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Financial Crisis and Nigerian Stock Market Volatility written by Abdul Adamu and published by . This book was released on 2017 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global financial crisis is no longer news but a reality. Our policy makers in the country have been proven wrong based on their argument that the country was insulated. Some of the sectors that have felt the heat of the crisis are the banking sector and the stock market. In the stock market, investors lost trillions of naira due the downward fall in the prices of stock. Based on this, the study assesses the extent of the stock market volatility in the period preceding the crisis and the period of the crisis. Using the All Share Index, the returns for various months were computed, descriptive statistics of the returns was calculated and the volatility of the market was estimated using the standard deviation. It was found that the stock market is highly volatile in the period of the financial crisis than the period preceding it. The recommendation is that the depth of instruments in the stock market should be varied in terms of fixed securities than equity instruments.Proceedings of the National Conference on “Managing the challenges of Global Financial Crisis in Developing Economies” organised by Faculty of Administration, Nasarawa State University, Keffi, Nigeria.

Download or read book Africa and the Global Financial Crisis written by Reuben Adeolu Alabi and published by LIT Verlag Münster. This book was released on 2011 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume of the African Development Perspectives Yearbook series, the Research Group on African Development Perspectives investigates the impact of the Global Financial Crisis (GFC) on economic reform processes in Africa. The analysis is structured in such a way so as to reflect the opportunities and dangers of policy reversals in the face of the GFC. The impact of the crisis on different types and forms of governance in the region is considered. The first question is therefore which macro-economic policy instruments have to be applied in order to overcome the crisis and to continue with sustainable development. The second question is how the GFC has affected Africa's external economic relations and if the path of opening up to the world markets is to be continued. The third question raised is how the crisis has affected social cohesion, impacted poverty alleviation strategies and the achievement of Millennium Development Goals (MDGs). All these questions are discussed in the various contributions which comprise general studies and country case studies. The book also looks into the role of international financial institutions during and after the crisis. (Series: African Development Perspectives Yearbook - Vol. 15)

Download or read book The Effect of Global Financial Crisis on Nigeria Economy written by Olawale Luqman and published by . This book was released on 2015 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research work studied the effect of global financial crisis on Nigeria economy in Nigeria. The financial crisis ravaging the global economy is naturally a serious cause for concern to policy makers. Secondary data were used in this study, the data were collected from CBN statistical bulletin also data were also gathered from journals and textbook that are related to the research topic. The overall significance of the regression is tested using Fisher's statistics. In this study the calculated F* value of 47.375 is significant at 5%. The result however show that linear relationship exist between the dependent and the independent variables of the model. The evidence established that the independent explanatory variables have individual and combine impact on the market capitalization in Nigeria. There is significant relationship between global financial crisis and capital market in Nigeria. Some of the recommendations made in this study are that. There is an urgent need for the total overhaul of regulations and regulatory framework, in order to enhance both the on-site and off-site examination and supervision of the banks. There is the need for increased and enhanced provisions for consumer protection. Nigerian economy is a mono-economy; any crash on the price of oil internationally will cripple our economy. So it is a matter of urgency for the Nigerian economy to divest into agriculture, manufacturing, information technology etc. Political stability is an important factor that encourages investment in an economy. So our nascent democracy should be nurtured.

Download or read book The Trends and Implications of the Global Financial Crisis on the Nigerian Economy written by Babangida M. M. and published by . This book was released on 2017 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Objective - Crises have been a feature of the financial landscape for decades. The current global financial crisis is triggered by events in the United States, and rapidly engulfing the entire globe. Nigerian financial market being one of the emerging global markets have over the last four years witnessed some significant level of progress and stability in the form of recapitalization and consolidation of its financial institutions. These reforms though commendable, yet could not shield the banks and the entire economy from the global financial crisis. This study identifies the trends and implications of the global financial crisis on the Nigerian economy.Methodology/Technique - Descriptive analysis through secondary sources of data employed. A stratified sampling method adopted to select between the two strata that are the strongest and the weakest in terms of capital based. Four organizations were chosen from each stratum making eight banks and the Nigerian Stock Exchange (NSE) as the sample size of the study.Findings - This study identifies the trends and implications of the global financial crisis on the Nigerian economy. It was observed that Nigerian banks are open to global practices and business relationships with foreign banks that are badly affected by the crisis. While investors lose confidence in the Nigerian markets as stocks and oil fall drastically almost daily. This has almost resulted in drastic cut in the foreign capital inflow for the country.Novelty - Based on the above findings the study recommends that Nigerian government should diversify the economy by improving the state of infrastructure, intensify the war against corruption, propose bailout measures for privatized companies and ensure fair and sincere democracy.Type of Paper: Conceptual.

Download or read book Banking Reform in Nigeria written by Y. Makanjuola and published by Springer. This book was released on 2016-04-30 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book captures Nigeria's crisis management experience and lessons learnt during the five-year tenure of Sanusi Lamido Sanusi as CBN Governor. It provides a backdrop of the sub-prime mortgage crisis in the US characterised by the Lehman Brothers debacle in 2007-08, which precipitated global economic and financial crisis.

Download or read book The Effects of Global Financial Crisis on Nigerian Economy written by Abdul Adamu and published by . This book was released on 2017 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is facing the most severe financial crisis since the Great Depression of the last century. The risk of global recession has heightened significantly and volatility of commodity prices, which is the mainstay of most developing countries like Nigeria, has increased further. If this situation continues to deteriorate, developing countries could be in great jeopardy. This study examined the influence of the Global Financial Crisis on Nigerian economy. It was discovered that the financial crisis will cause fall in commodity prices, decline in export, lower portfolio and FDI inflow, fall in equity market, decline in remittance from abroad etc. It was recommended that the federal government should come up with intervention policies that will minimize these effects and jump start the economy and that business operator should learn to do things using resources at their disposal to develop and expand at manageable level to stem the tide of the crisis.

Download or read book The Nigerian Capital Market written by Isaac Olusola Dada and published by . This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: securities market management in an emerging market; the Nigerian capital market, opportunities and challenges; perspectives on the development of the capital market in Nigeria; the impact of the central securities clearing system on the development of the capital market; the role of domestic and international capital markets in the re-capitalisation of banks in Nigeria; dealing in securities and maximising profit through trading in rights issues; assisting public sector resource managers to access captial markets; the role of the stockbroker; effective pricing of securities in the secondary market; mobilisation of resources; the role of the corporate finance officer; privatisation of public enterprises in Nigeria; the potential impact of the 1999 Federal Government budget on the Nigerian capital market; the investment climate in Nigeria; the case for foreign investment in the Nigerian Wire and Cable companies; and the church and investment.

Download or read book How CBN Confronted the Meltdown written by Ismail Cagri Ay and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an analysis of policy responses to the Global Financial Crisis by the Central Bank of Nigeria (CBN). Given its unique position as a major commodity exporter with a large population, Nigerian authorities utilized a mixture of policies including reductions in the monetary policy rate and capital reserve requirement, lending through the expanded discount window, money market interbank transactions guaranty and limitations on deposit money banks' (DMBs) foreign exchange net open positions. CBN also rolled over margin loans that were extended to equity investors. As a result the country weathered the financial crisis with limited damage and recorded positive growth rates between 2008 and 2010.

Download or read book International Capital Flows and the Recent Financial Crises written by Michael I. Obadan and published by National Centre for Economic Management. This book was released on 1999 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Banking Regulation in Africa written by Folashade Adeyemo and published by Routledge. This book was released on 2021-12-28 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is little literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation, have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria’s historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation.

Download or read book Global Financial Crisis and the Nigerian Petroleum Sector written by Gbolahan Alashiri and published by LAP Lambert Academic Publishing. This book was released on 2011-10 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007, the mortgage crisis in the United States of America affected financial markets and later developed into a global financial crisis.The crisis quickly spilled over to contents including Africa.initially, policy makers in Nigeria believed the Nigerian economy was insulated but sooner, the effect on the economy started manifesting(in the second quarter of 2008).One of the sectors seriously affected by the financial crisis was the oil sector which contributes largely to the economy of Nigeria. Nigeria is basically regarded as a mono economy relying heavily of export of crude oil.for some time now, crude oil contributes at least 60% of the entire nations revenue rising to over 80% at some point. The financial crisis led to a significant decline in the price of crude oil.This development significantly reduce the revenue accruing to the Nigerian Government. this work examined the extend of the impact of the recent financial crisis on the the Nigerian oil sector.

Download or read book Nigerian Capital Market and the Globalisation Challenges written by Suleyman A. Ndanusa and published by . This book was released on 2003 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book PART III THE GLOBAL CRISIS IN AFRICA written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effectiveness of the policies, however, is questionable as it led to huge national debt that threw the Eurozone in crisis, kept the US on the verge of a fiscal cliff, while African countries (despite policy measures taken to cushion the impact of the crisis), The Global Financial and Economic Crisis in the South100 have continued to deal with asset management issues in the banking sector, issu. [...] The AU and ECA (2009) in their report noted that the global financial and economic crisis exposed the weaknesses in the functioning of the global economy and had led to calls for reforming the international financial architecture. [...] They argued that the transmission channels of the financial crisis to the Nigerian economy were through capital flows, trade and financial markets' channels, while fiscal and monetary policy were deduced to have the potential of cushioning the impact of the crisis on the Nigerian economy. [...] Hence, the TUN would correct itself quickly restricting the impact of the shock on the short run only since the long-run relationship between the TUN and the US/UK stock market is not significant. [...] Similarly, the deduction from this is that though the integration with the global North might have contributed to the negative spread of the global financial crisis to some countries in the global South (e.g.