TABLE OF CONTENTS
Title page i
Approval ii
Dedication iii
Acknowledgement iv
Table of contents vii
Abstract viii
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the study 4
1.2 Statement of the problem 5
1.3 Objectives of the study 6
1.4 Research questions 6
1.5 Significance of the study 7
1.6 Scope of the study 8
1.7 Plan of the work 9
1.8 Definition of terms 10
CHAPTER TWO
2.0 Introduction 11
2.1 Brief overview 12
2.2 Models and theories relevant to the research question
20
2.3 Current literature relevant to the research question
30
2.4 Summary of the literature review 31
CHAPTER THREE
3.0 Research methodology 32
3.1 Design of the study 32
3.2 Area of the study 33
3.3 Population of the study 34
3.4 Sampling techniques / sample size 36
3.5 Sources of data collection 37
3.6 Instrument for data collection 37
3.7 Validation and reliability of the instrument 37
3.8 Distribution and retrieval of the instrument 38
3.9 Method of data collection 38
CHAPTER FOUR
4.1 Data presentation and analysis 42
4.2 Testing of Research question 48
4.3 Discussion of the finding 49
CHAPTER FIVE
5.0 Summary, conclusion and recommendation 50
5.1 Summary of findings 50
5.2 Conclusion 52
5.3 Recommendations 53
5.4 Limitation of the study 53
5.5 Suggestions for further research 54
Reference 56
Appendix A 57
Questionnaire 60
ABSTRACT
This study is on Exchange Rate Valuation and Stock market in Nigeria. The objective of this study includes; to review the policy that is necessary in the exchange rate valuation and stock market in Nigeria, to review the challenges facing the exchange rate valuation and stock market in Nigeria, to have a proper understanding of exchange rate management and macroeconomic performance, to review the fundamental disturbance monetary exchange rate policies and to review the challenges facing the determination and movement in output in Nigeria. The related literatures were reviewed and data were collected through questionnaire and other primary source. It was discovered after the state interpretation and analysis that, strict coherence to target the relative policy necessary in exchange rate, constitutes a watch for fundamental disturbance monetary exchange concluding that challenges facing the determination and movement in output in Nigeria lead to low patronage of foreign investors. It also recommended that proper rules and regulation should be made on the market and standard expected operation must be clearly spelt out and understood.
CHAPTER ONE
1.0 INTRODUCTION
The main objective of exchange rate valuation and stock market policy in Nigeria are to preserve the value of domestic currency, maintains a favourable external reserve position and ensure external balance without compromising the needs of internal balance and the overall goal of macroeconomic stability
1.1 BACKGROUND OF THE STUDY
the issue of exchange rate management and microeconomic performance in developing countries has received considerable attention and generated much debate, the exchange rate in the face of internal and external shocks. They appear a consensus view on fact that devaluation or depreciation could boost domestic production through stimulating the next export component.
This is evident through the increase in international competitiveness of domestic industries leading to the diversion of spending from foreign goods whose price become high, to domestic goods, and promoting trade balance largely depends on switching demand in proper direction and amount to meet the additional demand by supplying more goods on the while exchange rate pluctuation are likely in turn to determine economic performance. It is therefore necessary to evaluate the effects of exchange rate fluctuation on out put growth and price inflation.
Exchange rate policies in developing country like Nigeria are often sensitive and controversial, mainly because of the kind of structural transportation requires such as reducing imports or expanding non-oil exports imanicbly imply a depreciation of the norminal exchange rate such as domestic adjustment due to their stock run impact on prices and demands are perceived as damaging to the economy. Ironically the distortions inherent in an overviewed exchange rate regime are hardly a subject of debate in developing economic that ate dependent on imports for production and consumption.
In Nigeria, the (CBN) exchange rate policy has undergone substantial transformation from the immediate post independence period when the currency maintained a fixed parity with the british punch through the oil boom. The floating of the currency nearly collapse of the economy between 1982 and 1985. In each of these spochs, the economic and political consideration undergoing the exchange rate policy had important repercussions for the structure evolution of the economy, inflation, the balance of payment and real income.
Some attempts have been made to conduct economic studies on exchange rate determination and movement in output in Nigeria.
Many of these earlier studies were based on single equation regression approach, this study deviates from previous one in Nigeria, modeling approach and at structural variant in which movement in output are driven by several fundamental disturbance monetary exchange rate (official and parallel) interest and income.
However, the importance of stock market in economic growth of any country can not be over emphasized.
1.2 Statement of the problem
The absence of policies necessary for successful exchange rate valuation
The challenges facing the exchange rate and stock market in Nigeria
The issue of exchange rate management and mciroeconomics performance.
The challenges facing the determination and the movements in output in Nigeria.
The absence of fundamental disturbance monetary exchange rate.
1.3 Objective of the study
- To review the policies that is necessary in the exchange rate valuation and stock market in Nigeria.
- To review the challenges facing the exchange rate valuation and stock market in Nigeria
iii. To have a proper understanding of exchange rate management and macroeconomic performance.
- To review the fundamental disturbance monetary exchange rate policies.
- To review the challenges facing the determination and movement in output in Nigeria.
1.4 Research question
- What are the policy necessary in successful exchange rate valuation and stock market in Nigeria.
- Is there any challenges facing the exchange rate valuation and stock market in Nigeria.
iii. Is there any challenges facing the exchange rate management and macroeconomic performance.
- Are there challenges facing the fundamental disbursement – monetary exchange rate.
- Are there any challenges facing the determination and movement in output in Nigeria.
1.5 Significance of the study
The significance of the study is to reveal the relevance of exchange rate valuation and stock market, bearing in mind, that the rational for exchange rate valuation and stock market policies by (CBN) is to regulate the financial devaluation or depreciation. The study is therefore meant to evaluate how for this reason has achieved.
Other significance of the study are to enable users of financial report have a better understanding of the general working and objective of exchange rate.
T help the academicians, it will increase the body of their knowledge it will also enable users of financial report to make an evaluation on the relevance of financial statement.
1.6 Scope of the study
This work is an empirical study of exchange rate valuation and stock market used by (CBN) and other financial institution in Nigeria. The economy is a large component with lot of diverse and sometimes parts. This research work will only look at a particular part of the economy (the financial sector) this work will not cover all the faced that make up the financial sector, but shall focus only on the exchange rate valuation and stock market and it activities as impact on the Nigeria economic growth. The empirical investigation of the impact of the exchange rate valuation and stock market on the economic growth of Nigeria.
1.7 Plan of the work
The project shall be divided into five chapters, the first chapter shall provide the introduction and background of the subject matter justifying the need for the study. Chapter two shall present related literature review concerning exclusive rate valuation and stock market the research methodology shall be stated in chapter three with data presentation and data presentation and analysis will be made in chapter four. Concluding comments in chapter shall reflect on the summary, conclusion and recommendation based on the finding of the study.
1.8 Definition of terms
Stock market: It can be define as the aggregation of buyers and sellers (a loose network of economic transaction, not a physical facility or decrease entity of stock.
Market liquidity: Market liquidity refers to the extent to which a market such as a country stock market or city real estate market, allows asset to be bought and sold at stable price.
Macroeconomic: Is found on the movement and tends in the economy as a whole.
Fundamental analysis: Can be define as the analysis of a business financial statement (usually to analyse the business asset liabilities and earning).
Exchange rate: An exchange rate is the current market price for which on currency can be exchange for another.
Policy: A policy is a deliberate system of principle to guide decision and achieve rational outcomes.
DISCLAIMER: All project works, files and documents posted on this website, eProjectTopics.com are the property/copyright of their respective owners. They are for research reference/guidance purposes only and some of the works may be crowd-sourced. Please don’t submit someone’s work as your own to avoid plagiarism and its consequences. Use it as a reference/citation/guidance purpose only and not copy the work word for word (verbatim). The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own study. eProjectTopics.com is a repository of research works where works are uploaded for research guidance. Our aim of providing this work is to help you eradicate the stress of going from one school library to another in search of research materials. This is a legal service because all tertiary institutions permit their students to read previous works, projects, books, articles, journals or papers while developing their own works. This is where the need for literature review comes in. “What a good artist understands is that nothing comes from nowhere. The paid subscription on eProjectTopics.com is a means by which the website is maintained to support Open Education. If you see your work posted here by any means, and you want it to be removed/credited, please contact us with the web address link to the work. We will reply to and honour every request. Please notice it may take up to 24 – 48 hours to process your request.
