Credit Facilities

A PROJECT PROPOSAL ON CREDIT trading operations: ITS PROBLEMS AND CHALLENGES FOR THE NIGERIAN FINANCIAL SECTOR INTRODUCTION This research aims to analyze the effect of granting quotation facilities operations of pecuniary institutions to fields of the economy and the inherent threat it poses to these pecuniary institutions. The pecuniary sector plays a significant role in mobilizing funds to fuel investment and growth. The effectiveness and efficiency in performing its role, particularly intermediation between the surplus and shortage units of the economy, depends largely on the level of development of the financial system. The much developed and stable financial sectors tend to be associated with the turn economies while the under-developed financial systems feature in developing countries. As a process the financial system adjusts to changes in the trustworthy economy just as the economy responds to developments in the financial sector.

This role is particularly significant in Nigeria where Banks continue to dominate the Financial markets, other units in the Financial sector/ alter system include the CBN, NDIC, Securities and exchange flush (SEC),National insurance commission (NAICOM), National pension commission (PENCOM), Deposit money banks, rabbet houses(DH), Microfinance banks, Primary Mortgage Institutions (PMIs), Development banks, other lenders- leasing companies, and the informal sector (CBN Annual Report, 2008). In 2004, the banks accounted for about 80% of the total resources of the financial system. Expansionary economic activities by corporations and the government are mostly financed by the banking sector. The domestic-owned banking sector constitutes the largest component of the financial sector and lends primarily to the crude oil and gas (25.5% of total credit to the private sector in 2008), and telecoms sectors (16.7%). Bank credit remains the main source of outer formal financing for Nigeria as development of corporate debt and equity... If you want to get a full essay, order it on our website: Ordercustompaper.com

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