THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY

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Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:0115939447

First Bank:
Account Name: Chi E-Concept Int’l
Account Name:3059320631

We also accept :   ATM transfer , online money  transfer 

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

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Call Help Desk Line :  08074466939,08063386834.

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ABSTRACT

          This project work is aimed at giving an insight of what the prudential guidelines on insurance companies hold for the industry in the nearest future.

It is centered on the impact of issued guideline by the various regulatory bodies like the insurance.  Decree of 1976 and 1991 and the establishment of the various bodies like the NISB and others.

It also examine the performance apprisal of the insurance companies with a view of improving revenue profits, identifying the problems faced as a result of this prudential guidelines issued.

Hence the need to finding lasting solution to sanitize the insurance industry to bring about a more better future for its existence.

 

 

TABLE OF CONTENT

CHAPTER ONE

• Introduction 1

1.1     Background of study                                                       2

• Statement of problems 3
• Objective of study 4
• Significance of the study 5
• Scope limitation and delimitation 6
• Research Hypothesis                                                    8
• Definition of terms 9

 

CHAPTER TWO

• Review of Related Literature 13

2.1     Objectives of insurance regulations                              15

• Insurance Decree of 1976 17
• Insurance Decree No 58 of 1991 17
• Insurance Association 18
• Brief History of Insurable interest 27
• Claims settlement 29

 

CHAPTER THREE

• Research Design And Methodology 52

3.1     Data source                                                                     52

 

CHAPTER FOUR

• Presentation and analysis of data 58

4.1     Introduction                                                                      58

• Presentation of Question 58
• Analysis of Data 68

 

CHAPTER FIVE

5.O    Summary of Findings                                                      76

• Decision of Findings 78
• Conclusion 79
• Recommendation 81

 

Bibliography/References                                                83

 

 

CHAPTER ONE

1.0     INTRODUCTION

          Insurance companies deal principally money and property.

According to Brettl. J. the subject matter of insurance is money and money only.  They act as mobilizers of funds from surplus units and channel them to deficit units.

This channeling can be refered to as indemnity.

This can be put in another way, that the primary purpose traditionally of insurance to spread the financial losses of insured members over the whole of the insuring uncertainty by compensating the unfortunate few from the contributions of all members.

Premium changed by the insurance company is its primary sources of manning income, therefore the insurance companies help on premium for its insured or person, financial rights or liability to mention but a few.

However, the financial compensation promised by the insurer is what is called the subject matter of the contract.

Insurance contract is subject to the general Principles of Nigerian Law of Contract as in any other commercial activity.  It these principles that makes for its validity.  Not only does it affect insurance but it operates in every other commercial aspect of life.

 

1.1     BACKGROUND OF STUDY

The role of insurance as one of the major economic activities of a nation has long received would acclamation.  It is not a dispute that insurance has attained a high degree of commercial sophistication.

Insurance business plays a major role in shaping the economic furtunes of the business enterprise institutions and individuals.

The economic profits of any country usually has an impact on both cost and benefits of insurance.  Thus one should consider the examination of the subject of insurance regulation timely in view of current economic climate.

 

1.2     STATEMENT OF PROBLEMS

It has been a concern within the insurance industry on the introduction of the prudential guidelines, as it affects the performance appraisal of the insurance companies.

 

 

 

Continue reading THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY →

COMMUNITY BANKING SYSTEM IN NIGERIA: A IMPLICATION ON THE RURAL ECONOMY

 

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COMPLETE PROJECT  MATERIAL COST 5000 NAIRA

   ORDER NOW

 GTBANK
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:0115939447

First Bank:
Account Name: Chi E-Concept Int’l
Account Name:3059320631

We also accept :   ATM transfer , online money  transfer 

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

form>

Call Help Desk Line :  08074466939,08063386834.

After Payment Send Your Payment Details To

08074466939 Or 08063386834,   The Project Title  You  Selected On Our Website , Amount Paid, Depositor Name, Your Email Address, Payment Date. You Will Receive Your Material In Less Than 1 Hour Once We Confirm Your Payment.

WE HAVE SECURITY IN OUR BUSINESS.

MONEY BACK GUARANTEE

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Bulk sms company in Nigeria

 

 

ABSTRACT

This work is about inflation in Nigeria, the causes, consequences and how it can be controlled.

For inflation to be effectively controlled and for the economy to be conducive for foreign  investors, and hands must be on seek including the governments, manufactures, e.t.c.

The book is organized around the main causes of inflation in Nigeria, ie, casual factors of the Nigeria inflation and the related theories, which can also lead to inflation.

The first chapter looks at the introduction the statement of the problem the objective the limitation the term the scope and the significance of the study.

The second chapter looks at the definition of inflation the three strain of inflation the imposition of higher taxes, development of agriculture, effective control of ways and prices, the control of prices of essential commodities.

Chapter three focus on Summary of Findings the Conclusion, the Recommendation and Bibliography.

 

TABLE OF CONTENTS

CHAPTER ONE

• Introduction 9
• Statement of the Problem 9
• Objective of the Study 10
• Limitations of the Study 10
• Definition of Terms 11
• Scope of the Study 12
• Significance of the Study 12

 

CHAPTER TWO

• Definition of Inflation 13
• Three Strains of Inflation 14
• Imposition of Higher Taxes 15
• Investment in and Development of Agriculture 15
• Effective Control of ways and Prices 15
• Control of Prices of Essential Commodities 16

 

CHAPTER THREE

• Summary of Finding 17
• Conclusion 17
• Recommendation 17

Bibliography                                                                                          19

 

 

CHAPTER ONE

1.1     INTRODUCTION

          INFLATION

Considering the high rate at which  prices of goods and services increase in our society today I was moved to pick interest in finding out the causes the consequences, and if possible what should be done to control this social malady called inflation in Nigeria, there are certain ambiguity about the term inflation this because the work indeed has many usages in economic language as there are economists.

 

In ordinary speech, inflation is taken to mean a period of high price. But high price do not necessarily indicate the existence of inflation. This is because equilibrium of supply  and demand for goods and services can be established at any level of prices and once equilibrium has been achieved inflation  disappears.

 

1.2     STATEMENT OF THE PROBLEM

We are going to the problem of inflation and it will be stated out in order to reduce the raise of inflation in Nigeria.

A number of approaches to the explanation of the phenomenon  of inflation have been suggested and sometime tested in the economic literature thus, such concepts of inflation that have been popularized include “Demand Pull” anticipated inflation.

The cause of inflation at times could be based on the theories of inflation or caused by some factors,

 

 

 

Continue reading COMMUNITY BANKING SYSTEM IN NIGERIA: A IMPLICATION ON THE RURAL ECONOMY →

SPIRAL GROWTH OF BANKS IN NIGERIA.  MANPOWER PROBLEMS AND SOLUTIONS.

(A CASE STUDY OF A SELECTED COMMERCIAL BANK IN DELTA STATE).

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.

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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

 

CHAPTER ONE

• Introduction

1.1     Background of the study

• Statement of the problems
• Objectives of the study
• Hypothesis
• Significance of the study
• Scope and limitations of the study

 

CHAPTER TWO

• Review of related literature

2.1     Banking industry and manpower generation in Nigeria

• Manpower challenges of the growth of banking industry

 

CHAPTER THREE

• Research design and methodology

3.1     Research method used

• Population of the study
• Determination of the sample size
• Instruments of data collection
• Procedure in gathering data
• Constraints of data collection
• Data treatment technique

 

CHAPTER FOUR

• Presentation, analysis and interpretation of data

4.1     Background information

• Source of manpower and its development strategies
• Manpower problems and solution to the growth of the banking industry
• Summary responses

 

CHAPTER FIVE

• Summary of finding, conclusion and recommendations

5.1     Summary of findings

• Recommendations
• Conclusions
• Bibliography

Appendix

 

ABSTRACT

 

          A research into the spiral rgowth of banks in Nigeria:  manpower problems and solutions, cannot be over emphasized.  In pursuance of this investigation the researcher formulated four research objectives, utilized library and sample survey techniques.

          Data were gathered through  primary and secondary sources and were  then analyed using tabular and textual modes of data presentation.

The major finding of the research was the institutional arrangements available to the banking industry to train and develop it manpower in order to match the growth in order to match the growth in the industry are adequate and sufficient.  It was further discovered that the problems being encountered by banks due to inadequate manpower included frequent  roaching of professionally trained stuff, high compensation levels, considerable dilution of standards, high and indespread non utilization of modern management techniques, poor banking services and weak  internal control.  Others include bad loan portfolio problems, contravention of statutory regulations, unethical credit policies and other unacceptable practices.

Some recommendations were made which if implemented would guarantee an abundant and professionally trained manpower for the banking industry.

CHAPTER ONE

 

• INTRODUCTION

1.1     BACKGROUND OF THE STUDY

          In Nigeria, commercial and merchant banking date back to 1894 when the Bank of British West Africa (BBWA) was established and 1960 when Philip Hill (Nigeria) limited and Nigeria acceptances limited were set up.  Since thus, the general profile of the Nigeria banking industry has transformed in various dimensions, and particularly, the growth in terms of number has been quite phenomenal.  Thus, the number of  commercial and merchant banks in the country comes to 120 (with 2076 branches) as at the end of December, 1994 according to reports released by the central Bank of Nigeria.  This was unexpected because various policies put in place so as to achieve a realistic exchange rate for naira distrusted price levels.  Anthr reason for the increase in number of banks is the widening of the sphere which banks could operate.  The general deregulation permits banks to do lot more business and particularly the distribution between merchant and commercial banking.

Therefore, the upsurge in number of bank itself is a positive development because more people are now aware of banking services than before .  but the rapid expansion that has been envisaged above in the number of banks and their branches would no doubt require greater bank manpower throughout the system.  Bank management quite unlike the management of other business, is a specialized profession because its stock in trade (i.e. money) s so easy to defalcate.  Therefore, it calls for people of extremely high caliber and good training.  It is therefore, against this background that he researcher wishes to x-ray the manpower implications of this spiral growth of banks in Nigeria with a view to identify the problems and offer solutions.

 

• STATEMENT OF PROBLEM

There is little doubt that he growth expansion and changing of commercial and merchant banking activities in Nigeria within the past decade has been a reflection of development within the economy itself.  Yet a careful study of this distressful conclusion is needed.  Bank frauds have taken new dimensions with bank operators being at the root of it all. Also the bank’s Chief executives have become reckless in spending to rent for themselves building in the name of official accommodation, acquire fleets of expensive cars and employ a routine of domestic servants or staffs.  Their salaries and fringe benefits cannot, obviously, be supported by the present level of the national economy.  It therefore, appears that the manpower resource base available to the banking industry has not been developed at a sufficient rate to math the growth of the industry.  The management environment  of many banks particularly among the

EVALUATION OF CASH AND CREDIT MANAGEMENT POLICIES AS AN INSTRUMENT FOR AVOIDING ILLIQUIDITY AND LIQUIDATIONS

(A CASE STUDY OF ANAMCO, ENUGU STATRE)

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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  Nigeria banks without internet

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

 

CHAPTER ONE:

 INTRODUCTION

• General introduction and background of the study
• Statement of problem
• Objective of the study
• Research questions
• Working hypothesis
• Significant of the study
• Scope and limitation of the study
• Historical background of Anamco
• Definition of terms and concepts

References

 

CHAPTER TWO:

 LITERATURE REVIEW

• Concepts of liquidity and its effect on business operations
• Issues in cash management
• Cash planning and control
• Techniques of cash control
• Management f receivable (debtors)
• The use of accounting ratios in the management of cash and accounts

References

 

CHAPTER THREE:

 RESEARCH DESIGN AND METHODOLOGY

• Sources of data
• Research population
• Sample size and sampling techniques
• Questionnaire design /administration
• Validity and reliability of instrument
• Method of data analysis

 

CHAPTER FOUR:

DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

• Analysis and discussion of research questionnaires
• Test of hypothesis

 

CHAPTER FIVE:

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

• Summary of findings
• Conclusion
• Recommendations

References

Appendix

Questionnaires

CHAPTER ONE

 

INTRODUCTION

• General introduction and background of the study

The management of an organization’s capital relates to the finance and investment of non-human resources, that is, physical and monetary assets, for the purpose of maximum benefit in terms of profitability.  According to Frear (1980) profitability is determined in part by the way in which a company manages its working capital elements, especially the company’s management policies in respect of cash and account receivable/payable.  Basically, there would be a drop in profit if the basic element of working capital were raised without a corresponding rise introduction or margins. So one of the principal functions of a financial manager is to provide the erect amount of each elements of working capital at the right time and in the appropriate place to realize the greatest return on investment. A business which is basically profitable in a capital intensive industry with high level of inventory turnover but does not have an effective/efficient policies for it’s’ working capital constituents, especially cash, can easily be stopped by a temporary set-back into liquidation because it has no room to maneuver.  Traditionally, the users of accounting information, especially the external users are interested in notions of solvency and liquidity as criteria for assessing credit worthiness.  In recent years, cash and trade credit management has become the most important sector of financial management in many trading and manufacturing organizations.  At one time, it was possible for a business to survive without proper cash management policies as well as lay down policies for accounts receivable (trade debtors) as long as it was reasonably profitable.  Accounting to Bennel (1989) prior to 1970’s; trade credit was not a dominant feature of conducting business and procurement of fund were largely easily were not exploited to its fullest use.  Today however, this has not generally been the case and many highly profitable companies have had liquidity.  Problems and some have gone into liquidations, largely because of lack of appropriate cash and credit management policies/techniques.  In these circumstances, business executives now attach a high decree of importance to the cash and accounts receivable management function.  In large organizations, the financial director or treasurer is usually in charge of the management of cash resources and in introducing appropriate systems that will ensure adequate working flow that enable the economy to remain liquid at all times.  Illiquidity problems could be found in all types of companies and not restricted to small inefficient firms.  In some cases, large well known companies have experiences illiquidity problems and in some few instances, liquidation proceedings and eventual demise of such organizations.  The current wave to distress in our financial sectors (Banks and insurance companies) provides a good background to illiquidity problems arising from ineffective in cash and credit management policies in spite of their profitability.  Today, several of these institutions have been liquidated.

These developments have naturally had an effect on credit and cash management policies and it is therefore considered to be particularly important that the reasons behind these liquidity problems should be appreciated; using Anambra motor company ltd – a manufacturing organization as a case study.  The choice of this organization is the relevant, which cash and credit management policies bear to its operation.

 

• Statement of the problem

Many profitable organizations are forced into untimely liquidation, bankruptcy and experience work stoppages as a result of strike action and consequently operate at losses not because the business is not profitable but due to inefficient utilization of cash and other material resources at its disposal.  Moreover, majority of business transactions are conducted credit basis and this has always increased the volume of account receivable (debtor) and a substantial amount of these receivable are lost daily through bad and doubtful debts.  The resultant effect is that companies have huge amount of its fund tied to un-collectables, hence a state of illiquidity can arise.  Therefore,

MATERIAL UTILIZATION SYSTEM IN MANUFACTURING ENTERPRISE.

(A CASE STUDY OF ASABA TEXTILE MILL LIMITED ASABA)

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

 

CHAPTER ONE

• Introduction
  • Statement of Problem
  • Purpose of Study
  • Hypothesis
  • Significance of study
  • Limitation
  • Delimitation
  • Definition of terms

 

CHAPTER TWO

• Review of Related Literature
  • Source and Nature of Raw Material
  • Planning material requirement
  • Material utilization
  • Need for material utilization
  • Organizational responsibility for material utilization
  • The purchasing policy of the mill
  • Receiving and storage
  • Stock taking method
  • Stock level.
    • Ordering cost
    • The Economic Order Quantity (EOQ)
    • The lead time
    • Re- Order level (ROL)
    • Minimum stock level
    • The Re-order Quantity
    • The Re-order Quantity
    • The inventory quantity
    • Valuation of inventory

CHAPTE THRE

• Research methodology
  • Source of data

3.1.1 Primary data

• Secondary data
• Population and sample size
• Methodology used

CHAPTER FOUR

• The analysis of data and discussion
  • Empirical Research into the manufacturing enterprise
  • Discussion

CHAPTER FIVE

• Summary of results
• Summary of findings
• Conclusion
• Recommendation
• Appendix A: Organization chart of Asaba.

Textile mill Ltd

Appendix B: Percentage waste computation of material input in the processing/finishing department

Appendix C: Specimen of questionnaire used

 

 

 

 

 

 

 

 

 

 

 

 

 

CHAPTER ONE

• INTRODUCTION: A history of Bendel Textile mill Ltd as it was

called in the then defunct Bendel state but now renamed Asaba Textile mill Ltd immediately after the splitting of the state into Edo and Delta states in 1991, was incorporation in 1965.

It was located on the eastern side of the town, Asaba, the headquarters of Delta state. It is cited close to the Lagos-Onitsha Express way for easy accessibility. The mill was created to assist in the relief of unemployment and to reduce rural migration of people to urban areas.

Amongst other objectives of the firm are the manufacturing of textile fabric (100% cotton), modernization and expansion. However, the product line of the company is Africa print with a planned production capacity of 4000 metres per day. Crey cloth which is 10,560, 000 matres per annum taking twenty –two working days in a month. Both the production capacities so far achieved are 30,000 metres per day Grey baft that is 7920,000-metre p.a. The slack in the full capacity achievement is due to insufficient supply of raw material (R/M), high labour cost, high labour turnover mostly in the spinning and weaving departments at the beginning of every year and also the demechanization of machines. The company has to cannibalize to put some machines into operation and a colossal amount is spent on the importation of German expatriates to carry out the job of machine cannibalism.

Moreso, the mill has staff strength of 840 comprising Administration, factory workers, security unit and labourers. It has a total sale of over eighty million Naira (N80m) p.a.

The raw materials used by the mill are; cotton hint, chemical and dyestuff. Some are sourced locally while some are imported. Indian expatriates own the mill.

1.2     STATEMENT OF PROBLEM

. The mill has chains of problems as regards the utilization of materials. A lot of problems of wastage are being suffered in the mill conspicuous amongst which are:

1. Drops of cotton on the factory floor in the spinning department. This is of a common sight. As the bales of cotton are being put into the bale opener (machine) and to the scotcher where it forms laps which is taken to the cording machine to form sliver, raw cotton are seen everywhere littering on the floor. The propping cottons should be swept up or hand picked by the workers. Also workers should be provided by the with apron for keeping the dropped picked up good cottons and should be sent back to the scotecher to form a new lap.

  Roving waste: In the speed frame section the s