Home / ECONOMICS PROJECT TOPICS AND MATERIALS / THE CHALLENGES OF THE GLOBAL ECONOMIC CRISIS AND NIGERIA’S FINANCIAL MARKETS’ STABILITY

THE CHALLENGES OF THE GLOBAL ECONOMIC CRISIS AND NIGERIA’S FINANCIAL MARKETS’ STABILITY

THE CHALLENGES OF THE GLOBAL ECONOMIC CRISIS AND NIGERIA’S FINANCIAL MARKETS’ STABILITY

Abstract The global economic crisis, which erupted with the meltdown of the United States subprime mortgage market in 2007, has been described as the severest since the Great Depression. The crisis was subsequently spread from the United States to other economies, both in developed and developing countries. In the case of Nigeria, the emergent global crisis has impacted negatively on the nation’s financial sector, triggering instability in banks and the capital market. The banking sector is shaken particularly hard, causing the Central Bank to inject more than N400 billion naira or US$2.72 billion into vulnerable banks to forestall systemic collapse in the sector. In the capital market, equity prices, in the past couple of years, have fallen sharply, with the All-share Index at the Nigerian Stock Exchange down by 33 percent at the end of December 2009, from levels recorded in December, 2008. The instability in Nigeria’s financial markets poses severe challenges to policy makers, requiring urgent measures to stem the tide. Therefore the objective of this paper is to elaborate the challenges of the global economic crisis and its effects on Nigeria’s financial markets. The study shows that the nation’s financial markets are severely undermined by a combination of credit squeeze, loss of confidence and financial contagion that have paralyzed the banking system and capital markets. The paper consequently proffers policy measures hinged on deepening financial market regulation, economic reform and poverty reduction strategies.

CHAPTER ONE  

1.0        Introduction

1.1        Background to the study

1.2        Statement of problem

1.3        Purpose of the study

1.4        Research Questions

1.5        Significance of the study

1.6        Scope/Delimitation of the study

1.7        Limitation to the study

1.8        Definition of terms

CHAPTER TWO 

2.0        Literature Review

CHAPTER THREE        

3.0        Methodology

3.1      Research Design

3.2      Population of study

3.3      Sample and sampling techniques

3.4      Research instrument

3.5      Validity of the instrument

3.6      Administration of the instrument

3.7      Method of data analysis

CHAPTER FOUR        

4.0        Data Analysis and Interpretation

4.1        Presentation of Data

4.2        Analysis of data

CHAPTER FIVE

5.0        Summary, Conclusion and Recommendations

5.1        Summary

5.2        Conclusion

5.3        Recommendation

REFERENCES      

QUESTIONNAIRES

INTRODUCTION

The Emergence of the Global Financial Meltdown The global economy has been hit by the worst economic crisis since the Great Depression. What began as a meltdown of the United States sub-prime mortgage market in 2007, had grown steadily into a full blown economic crisis by 2008, wiping out trillions of dollars of financial wealth, undermining global trade and investment and putting the real economy on a course of protracted recession around the world (ILO, 2009.3; World Bank, 2009.1; Igbatayo, 2009.5). The foreclosure epidemic in the United States mortgage market in 2006 became a key factor that triggered the global financial crisis. Figure 1 shows the rising profile of the United States subprime mortgage market between 1997 and 2007, featuring a dramatic increase in the expansion of credit to the sub-sector until it unraveled in 2006    

About admin

Check Also

An Evaluation Of Privatization Programme As An Effective Tools For Enhancing Productivity And Performance In Nigeria Public Enterprise (A Case Study Of Nepa)

AN EVALUATION OF PRIVATIZATION PROGRAMME AS AN EFFECTIVE TOOLS FOR ENHANCING PRODUCTIVITY AND PERFORMANCE IN …

Impact Of Rising Interest Rate On Manufacturing Sector Of The Nigerian Economy

IMPACT OF RISING INTEREST RATE ON MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY CHAPTER ONE INTRODUCTION …

The Impact Of Liberalization Of Telecommunication Sector On Employment Generation In Nigeria From 1999-2010

THE IMPACT OF LIBERALIZATION OF TELECOMMUNICATION SECTOR ON EMPLOYMENT GENERATION IN NIGERIA FROM 1999-2010 Title …

Household Characteristics And Rural Livelihood Diversification In Selected Local Government Areas Of Osun State, Nigeria

HOUSEHOLD CHARACTERISTICS AND RURAL LIVELIHOOD DIVERSIFICATION IN SELECTED LOCAL GOVERNMENT AREAS OF OSUN STATE, NIGERIA …

Impact Of Tax Administration And Economic Development In Kaduna State, Nigeria

IMPACT OF TAX ADMINISTRATION AND ECONOMIC DEVELOPMENT IN KADUNA STATE, NIGERIA Title Page———i Certification——–ii Dedication———iii …

A Critical Analysis Of The Socio-Economic Impacts Of 2011 Flooding In Ibadan, Oyo State

A CRITICAL ANALYSIS OF THE SOCIO-ECONOMIC IMPACTS OF 2011 FLOODING IN IBADAN, OYO STATE Title …

Leave a Reply