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
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
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
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. The central bank data shows that while net foreign direct
Introduction 2.1 Exchange Rate Policies in Ghana It was clear that adjustment of the exchange rate was required if sharp deflation of the economy was to be avoided. Deflation of the economy would have been suicidal choice since real GDP and real per capita incomes had shrunk dramatically in the eight years since 1975. Maintenance of the rate at its 1971 levels could only happen if there was an inflow of foreign grants to finance the budget and ease the shortage of foreign exchange in the economy
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
In this project we are going to talk about a major case and a minor case related to the risks that have a high probability in causing the banks to fail. The major case is a bout Petra Bank which was closed in the late 1980s. And the minor case is about a German bank (Heristate bank) which was closed in the early 1970s. Methodology We used our own analysis on the whole case based on the governmental public statements. Also, public statements from the organization which is Petra Bank. Moreover
CHAPTER TWO LITERATURE REVIEW 2.0 Introduction Over the past decades, the urge to increase foreign aid’s effectiveness has motivated numerous empirical studies to identify why aid programmes succeeds or fails. These studies underpinned the donor community’s attempt in the late 1990s to reform aid delivery, shifting from predominantly stand-alone projects and conditionality- led stand- structural adjustment programs toward partnerships and mutual accountability (World Bank, 1998). Besides research
instrument to achieve a variety of diverse goals which included increasing the level of saving and correcting for inequalities arising from an oligopolistic market structure created by a centralized planning regime, including a licensing system, exchange control, and administered prices (Bagchi and Nayak 1994). While the history of taxation in India is peppered with efforts for tax reform, especially in the form of various expert committees, the fiscal crisis of 1991 provided the first major window
. “The impact of foreign debt on the economic growth of Pakistan Research problem: The problem of this proposal is to distinguish between the negative and positive impacts of foreign aid. I highlighted the relationship between the two variables impact of foreign aid and economic growth. I want to analyze that whether is it positive or negative? I want to analyze that the increment in foreign aid affects our imports and exports gap and also the saving investment gap either negatively