THE ROLE OF BANKS IN INTERNATIONAL TRADE IN NIGERIA.
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ABSTRACT
This project work has critically highlighted the compact of the Role of Banks International Trade in Nigeria, the problems affecting the Role in Banks in international trade in Nigeria have been identified and how they can be controlled is also includes in the study and ways to solve them are inductive in the study.
This study also examines the lapses and recommends some viable points (s) that can also contribute to the image of the industry.
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction: ——————————————————————-
1.1 Background of the study: ————————————————–
1.2 Statement of problem: ——————————————————-
1.3 Objectives of the study: —————————————————–
1.4 Research question: ————————————————————
1.5 Assumption of the study: —————————————————
1.6 Scope of study: —————————————————————–
1.7 Significance of the study: —————————————————
1.8 Limitation of the study: ——————————————————-
1.9 Definition of terms: ————————————————————-
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.0 The role of banks in international trade in Nigeria: ———–
2.1 Definition of banks and international trade: ——————
2.2 Types of banks: ————————————————————–
2.3 Causes and problems of banks role in international trade: ——
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Source of data: ———————————————————–
3.1 Location of data: ———————————————————
3.2 Method of data collection: ———————————————
3.3 Analysis of data: ———————————————————-
CHAPTER FOUR
4.0 Findings: ———————————————————————
CHAPTER FIVE
5.1 Summary: ——————————————————————-
5.2 Conclusion: ——————————————————————
5.3 Suggestions for further research: ————————————-
Bibliography: ——————————————————
CHAPTER ONE
1.0 INTRODUCTION
This project writ – up, “The role of Banks in international Trade”, is written to provide a guide sufficiently instructive in scope to meet the need for Banks, Economist in International Trade.
Among the important topics examined are if there are various relationship, role that exist between banks and international trade in Nigeria, nature of international economics, international trade, difference between international trade and internal trade, problems facing international trade in the banks sector.
1.1 BACKGROUND OF THE STUDY.
Nigeria before and even since the British Colonialist of our country has been engaged in international trade. But it was obviously spelt out during the British Colonialist that was in the 15th century termed legitimate trade.
This was until 1960 during which Nigeria got its independence. This means that, Nigeria was no longer controlled solely by the dictates of the British Government Ever since then legitimate trade to the Nigerian was changed to international trade of which Banks has a major role to play in it.
Nigeria since the oil boom in the early 70’s has been enjoying Nigeria and across the country. Diversifying its economy.
Apart fro international trade, and as a result of climatic factors, Nigeria needs international trade to diversify, accelerate its economic development in the country.
International trade ensures export expansion and import contraction coupled with the fact that it stimulates foreign exchange earnings, international recognition and the provision of employment opportunities for the teeming population.
International trade is synonymous with the production of goods and services for the benefit of trade across the country. Thus we have the banking institution, the food processing export/import trade and the sugar, tobacco export/import trade and that of petroleum export trade is not left behind. Therefore, international trade or external trade is a trade between two or more countries.
Example. Trade between Nigeria and USA as well as Ghana, India, Britain, Japan etc. trade between two countries is called bilateral trade, while trade between many countries is called multilateral trade.
International trade does not mean the exchange of goods and services within a country. The exchange of goods and services among the people of the same country is called home or internal trade. Example, all trading activities which take place within Nigeria in a home or international trade.
External trade is established for the purpose of stabilizing nation’s economy standard if living.
External trade has been proved beyond doubts as very important for a nation’s survival therefore it is peevant that we explicably mani