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The contribution of banking system to the development of capital and money market in Nigeria

 Department: Banking and Finance  
 By: usericon Arinze1  

 Project ID: 5202
   Rating:  (3.3) votes: 6
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   Price:₦2000
Abstract
This study is designed to investigate the contribution of the Banking System to the Development of the Money and Capital Market in Nigeria. The research is aimed at finding out whether the banking system contributes positively or negatively to the development of Nigeria. The CBN and selected commercial banks in Owerri, the Imo State Capital is the study area. Four research questions are formulated. Data are obtained by means of questionnaires. For the analysis of the result, the simple percentage ratio is used. The finding indicates that the banking system has not contributed positively to the development of money and capital market in Nigeria. Another important revelation is that there is the existence of underdeveloped money and capital market in Nigeria. Banks no longer provide long-term loans in Nigeria Thus leading to a poor rate of industrialization. It is revealed that the development of money and capital market could b promoted through policy. Based on the results of the analysis, it is recommended that banks and other financial institutions should be encouraged to provide long-term loans. ...
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