THE EFFECT OF FLUCTUATING FOREIGN EXCHANGE RATE ON NIGERIA CURRENCY.

(A CASE STUDY OF CENTRAL BANK OF NIGERIA, ENUGU BRANCH)

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. 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. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

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

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeriabanks

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

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

 

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

 

ABSTRACT

 

The currency of a nation is made to appreciate.

Is this appreciation made at the expense of the foreign market determinant? Or is it as a result of the country’s effort?

It is the aim of this research work to find out if Nigeria apply foreign exchange rate controls, is naira appreciation what we attain to achieve.  This research work has five chapters.

Chapter one contains a general discussion of the foreign exchange rate fluction as seen by different people.  It went further to state the problem to be studied and why this study was carried out, the scope and limitation of the study and finally the propositions and the definition of terms.

A number of past related literature examined by other studies as it relates to the fluctuation of exchange rate on naira, are highlighted in chapter two.

Chapter three deals with the design of the study, the methods used in collecting relevant data.  It also deals with ways the questionnaires were carried out and treatment of data.

The data gotten from the research survey were presented and analyzed in chapter four.

Finally, the summary of findings, conclusion on the research and recommendations made by the researcher are all in chapter five.

If the Nigeria would put the recommendations made in the study to use, there will be currency steady appreciation with controls applied.  Then, the negative effect on our currency by the fluctuating foreign exchange rate will become a thing of the past.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE OF CONTENT

CHAPTER ONE

1.0   INTRODUCTION`

• BACKGROUND OF THE STUDY
• STATEMENT OF PROBLEM
• NEED FOR THE STUDY
• PURPOSE FO STUDY
• SCOPE AND LIMITATION OF THE STUDY
• RESEARCH PROBLME
• DEFINITION OF TERMS

 

CHAPTER TWO

• REVIEW OF RELATED LITERATURE
• AN OVERVIEW OF THE EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATION ON NAIRA
• CONTROL MEASURES

 

CHAPTER THREE

3.0   RESEARCH METHODOLOGY

• DESIGN OF THE STUDY
• SELECTION OF DATA
• COLLECTION OF DATA
• DESIGN AND ADMINSTRATION OF

QUESTIONNAIRES

• SAMPLE SIZE DETERMINATION
  • SAMPLING TECHNIQUE
• DATA ANALYSIS

CHAPTER FOUR

• DATA PRESENTATION,ANALYSIS AND
  • INTERPRETATION

 

CHAPTER FIVE

5.0   SUMMARY, RECOMMENTIONS CONCLUSION

• SUMMARY
• RECOMMENDATION
• CONCLUSION

BIBLIOGRAPHY

APPENDIX

 

 

 

 

 

 

CHAPTER ONE

 

• INTRODUCTION

 

1.1   BACKGROUND OF THE STUDY

The inter-bank market in foreign exchange is used for trading in foreign currencies – main vehicle for generating autonomous inflow of foreign exchange into the banking system.  La licensed banks, development banks and the central bank are active traders the market.  These banks intermediate for their corporate and individual customers that engage in international trade and investment.  The are always prepared to buy form or sell foreign currencies to their customers in both the spot and forward markets.  In addition, authorized dealers open and maintain foreign currency domiciliary accounts for their customers, especially the exporting customers.

Exchange rates ruling in the inter-bank market fluctuate in response to the forces of supply and demand for foreign currencies, subject to a maximum spread of one percent between the buying and selling rates.  Al the authorized dealer banks are required by CBN to display their buying and selling rates for spot transactions, but are allowed to negotiate with customers in respect of forward transactions within the one per cent allowable spread or margin.  Authorized dealers are expected to make delivery of transactions of foreign currency to customers within three days from the day payment is made. The overall supervision of the market falls to the Central Bank of Nigeria which may, with the approval of the minister of Finance, intervene in the market from time to time to prescribe guidelines and give new directives.  The Central Bank of Nigeria intervenes at a biding session in order to minimize any large fluctuations in the niara exchange rates.

For example, in 1986, the Central Bank of Nigeria intervened at the 6^th session and at the 12^th session.

In practice, the usual sources of foreign exchange to the market include the Central Bank of Nigeria auction, inflow to banks through autonomous sources, non-oil exports via dormiciliary foreign currency accounts, invisible trade items and other miscellaneous sources. For example in December 1986, the value of foreign exchange flowing in form these sources were: CBN auction $237.99 million, banks $28.99 and other miscellaneous sources $48.98million.

It is interesting to note that the introduction of the Second-tier Foreign Exchange Market (SFEM) in September 1986, coupled with the dismantling of exchange controls have increased the inflow of foreign exchange from autonomous sources.  For exchange, the inflow of foreign exchange from private sources between October 1986 and May 1987 was put at $706 million (or about N2.6 billion).

 

1.2   STATEMENT OF THE PROBLEM

Apart from the purely technical question of ensuring the steady appreciation of naira, one of the primary functions of determinants of exchange rate (CBN) is to sustain the value of the naira during fluctuation.

There are, however, other major problems falling our currency and it’s management.

The persistent geometric progression in depreciation and arithmetic progression in appreciation of naira have discouraged foreign investors due to they cannot make it.  There appears to be no evidence more convincing about the need to central foreign exchange rate fluctuation, than the ever public outcry at the rate our money in falling and rising at the foreign market.

Many citiz