ANALYSIS OF THE TRENDS AND BEHAVIOURAL PATTERN OF THE NIARA EXCHANGE RATE AND FOREIGN DIRECT INVESTMENT IN NIGERIA Nigeria has a great potential for attracting foreign investment. It has a large market, represented by a large vital population and it is richly endowed with natural resources mineral deposits especially oil and gas, vegetation, arable agricultural land etc. she also has cheap labor force. Available statistics show that the country has not benefited much from foreign investment flows
BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting countries while the reverse is the case in oil importing
The foreign exchange rate is the price of one national currency as expressed in terms of the value of another currency. In the words of H.E. Evitt “the section of economic science which deals with the means and methods by which rights to wealth in one country’s currency are converted into rights to wealth in terms of another countries currency. It involves the investigation of the method by which the currency of one country is exchanged for that of another, the causes which render or equivalent values
CHAPTER ONE INTRODUCTION 1.1 Background of the study Today’s globalised world is a world of interdependence, self dependence even when desired is difficult to achieve; some countries in the past have adopted autarkical policies to try to live in isolation alas, measures like that are difficult to achieve due to variations in endowment placed on countries by Mother Nature, they could not provide all their needs, in fact, they ended up with welfare losses (e.g. Spain under Franco). Also, it is as
a report to brief the firm’s executives on this topic. In this case study, the concepts of enterprise risk management, the various components of an ERM framework, the reasons risk manage might increase the corporation’s value, the description of risk events, and how companies can reduce these risks are discussed. Also, the case study contains illustr4ations on how the use of forward contracts and future contracts can reduce exchange
BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting countries while the reverse is the case in oil importing
point where modern environmental movements started. Since that time the US government has been spending tremendous amount of sources in order to reduce environmental damages created by industrial and commercial activities. Along with that a lot of studies have been made over the question whether environmental regulations have impact on the competitiveness of the domestic industry. Economist and business people usually perceive the idea that environmental regulations increase costs and slow down productivity
Gamage1*, Adamu Tijjani Musa1 Abstract This empirical study was carried out to test the stability of aggregate money demand function in Pakistan. The economic theory suggests that income and inflation is positively related to money demand while rate of interest has an inverse relation with it. The autoregressive distributed lag model (ARDL) was applied and it confirmed the long run relation between the studied variables. The coefficients of income, rate of interest and inflation have statistically significant
Needle exchange programs are services that allow injecting drug users to return used needles in exchange for clean needles. The reason needle exchanges programs are in effect are is due to the tremendous amounts of drug users who share needles for contraband use. Needle exchange programs are designed to prevent and eliminate risks tothe injection drug users from risks such as HIV, AIDS and other infections that are caused by sharing needles (“Needle Exchange Programs (NEPs),” n.d.). To a certain
income, real money balance and the cost of holding money. Many researcher in Pakistan have been estimated the money demand function with co-integration techniques Akhtar, 1974; Mangla, 1979; Khan, 1980; Qayyum, 1998, 2005 and Zakir, 2006. In these studies real GDP or real GNP is used in a single determine of aggregate demand erratic. So that, different components of demand have different impact for money demand. If we use only variable in the requirement of money demand function then we have to used