THE ROLE OF CENTRAL BANK OF NIGERIAN IN THE MANAGEMENT OF THE NATIONS FOREIGN DEBT.

Click here to download our android mobile app to your phone  for more materials and others

COMPLETE PROJECT  MATERIAL COST 2500 NAIRA OR $10 , WITH THE SOFTWARE 30,000 NAIRA

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

ABSTRACT
The central bank of Nigerian (C.B.N) started full-scale operation on 1st July 1959, and since its inception like most of the central bank the world over, performs certain national and international functions one of which is the management of foreign debt. So this project examines the role of CBN in the management of foreign debt.
A lot of problems engulfed the central bank of Nigeria which trying to carry out this function ranging from inadequate reserves to over increasing imports bills. The study which is not one outcome of empirical research examines the different measures adopted by the central bank of Nig at different times to ensure efficient management of external debt.
The methodology employed revolves round the use of secondary data extensively round the use of less importance.
However, the magnificent increase in the volume of external depreciation in the value of the naira through the exchange market.
Finally, the debt-rescheduling programmer of the central bank of Nigeria will be meaningless if the export base is not developed to guarantee increased earning of foreign exchange.
TABLE OF CONTENTS
PROJECT TITLE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
ABSTRACT
CHAPTER ONE
INTRODUCTION
PROBLEM DEFINITION
OBJECTIVES OF THE STUDY
HYPOTHESIS: NULL HYPOTHESIS
CHAPTER TWO
REVIEW OF RELATED LITERATURE
THE SECOND TIER FOREIGN EXCHANGE MARKET
DEBT CONVENTION PROGRAMMER
CHAPTER THREE
RESEARCH METHODOLOGY
METHOD
PROCEDURE
CHAPTER FOUR
FINDINGS
PROBLEMS ENCOUNTERED IN CARRYING OUT MANAGEMENT FUNCTIONS AND SOLUTION.
CHAPTER FIVE
CONCLUSIONS
SUMMARY
BIBLIOGRAPHY
CHAPTER ONE

INTRODUCTION
The central bank’s responsibility for the management of the nation’s external debt started at the inception of the bank itself in July 1959 when it took off Nigerian’s share of the sterling assets of the nations external reserves in the bank in 1962. The responsibility was enlarged through it’s two comes prudent banks the bank of England and the federal reserves bank of new York.
The bank invested the external reserves largely in sterling and in dollar securities of not more than 10-years maturity.
The primary consideration in its choice of investment were liquidity, security and yield.
The central problem
The central problem of managing reserves during this period was one of maintenance of adequate reserve to meet Nigerian’s external obligation for instance, in 1960 Nigeria’s external assets were adequate to meet her import bill for 9.5 months at the average rate of N3.6m per month. But with the increase in her external assets to N197 million in 1963 only 4.3 months of imports could be safety covered.
Restriction were imposed in the third /quarter of that year to reduce imports and by 1967 the average monthly bill was forced down to N37 million.
But the reserves declined during the same period and at N120m could finance approximately 3 months imports
Again in 1977 as a result of assets at the beginning of 1977 declined to a level, which could only purchase to a level, which could only purchase some four months imports at the end of that year.
Nigeria experience multiple increase in external reserves from N37.3m in December of 1972 to N3.38m in December 1975 as a result of oil reserves.
This called for a new strategy in the management of external reserves.
There were also increase in uncertainties following glowing inflation and devaluation in reserve currencies. These represented new challenges to the central bank which must now manage the enlarge external reserve to
1. Ensure relative stability in the purchasing power of the reserves.
2. Minimize losses arising from currency fluctuation.
3. Explore new opportunities for increased earnings prior to this period of excessive reserves, the problems of trying to invest the reserves never caused much concern because the bank had no surplus to invest.
1. Okigbo PNC Nigeria financial system, structure and growth (Long man Limited, Burnt Hill, Harlow, Essex, U.K. 1981.
The available reserves were invested in sterling and dollar assets. Sterling demonstrate weakness, and a result of its devaluation in November 1967 Nigeria lost a reasonable amount of money in sterling value.
But Nigeria has already finalized sterling guarantee agreement with the United Kingdom in September 1969. With this agreement Nigeria was to keep an agreed proportion of her total reserves in sterling. This agreement was renewed according to the proportion of stating holdings and has been reduced to 48 percent. The guarantee later change from United states dollar to baskets of currencies of countries comprising United Kingdom and our other trading partners. With the weakening of pound sterling as reduced by its declining value since June 1972, Britain changed the agreement in1974, sterling which until 1973 accounted for some 59% of Nigeria’s total external reserves become completely unstable and between 1971 and 1976 its depreciation against other major currencies rose to 48 percent immediately the central bank reduced its sterling holdings from 37.9 percent total external reserves in in 1971 to 28.2 percent in 1976, and this was invested in United State dollar securities which raised holdings in dollar from 10.3 percent in 1971, to some 44percent of Nigerians total external reserves in 1976.
2. Central Bank of Nigeria Economic and finance Review 1985-1988 Daily Times of Niger’s ltd Business Times 1985-1988.
PROBLEM DEFINITION
At the macro level, external debt management is a crucial tool of all economic management to the extent that a sustainable balance of payment position over the long form enhances management overall economics.
Debt management also becomes an important adjust of balance of payments arises an effective debt management strategy can help not only in restoring the balance of payments to equilibrium