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ACHIEVING ORGANIZATIONAL OBJECTIVES THROUGH EFFECTIVE COMMUNICATION

ACHIEVING ORGANIZATIONAL OBJECTIVES THROUGH EFFECTIVE COMMUNICATION

(A Case study of Bank PHB PLC, Kaduna)

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COMPLETE PROJECT  MATERIAL COST 3000 NAIRA

   ORDER NOW

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:

 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.

Enter Amount

form>

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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.

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ABSTRACT

Effective communication in any organization, regardless of its type and size remains critical to the achievement of organizational objectives.  This is more so, when any break communication will result in chaos, misunderstanding and conflict.  Bank PHB, PLC lays great emphasis on both oral and written communication for the successful accomplishment of its goals and objectives.

 

The objectives of this study therefore are; to find out different methods and channels of communication and how these can best be used in achieving organizational goals.  It was to also find out the barriers and problems of communication and how they can be solved.  Consequent upon which, some recommendations were to be made on how organizations can improve their system of communication for optimum performance and higher productivity.  The study adopted the descriptive method through structured means.  The data collected for this study were qualitative. Therefore, the research relied on descriptive analysis.

 

A summary of the findings indicate that effective communication is an important factor for any organization that wants to achieve its objectives.  While it was also discovered that ineffective communication could lead to difficulties such as breakdown in communication, low morale, industrial conflict and low productivity.

 

The study proffers strategies to overcome the identified problems and also improve on the existing means of communication.

 

CHAPTER ONE

1.0    Introduction———————————————————–

1.1    History and background of the study———————————-

1.2    Statement of the problem——————————————

1.3    Objective of the study———————————————-

1.4    Research hypotheses————————————————

1.5    Significance of the study—————————————–

1.6    Scope and limitations of the study———–

 

CHAPTER TWO

2.0    Literature review

2.1    An overview of the objectives of communication——————

2.2    Organizational communication—————————————-

2.3.1 The structure of organizations—————————————-

2.3.2 Organizational chat showing the product structure—————-

2.3.3 Matrix structure———————————————————

2.4    Organizational objectives———————————————-

2.4.1 Profitability objective—————————————————

2.4.2 Employee oriented objective——————————————

2.4.3 Efficiency and Innovation objectives———————————

2.5    Communication flow in organizations——————————–

2.5.1 Communication process————————————————

2.5.2 Communication means/medium in PHB——————————

2.5.3 Direction of flow———————————————————

2.6    Communication Network————————————————

2.7    Communication Barriers————————————————-

2.8    Conquering the communication Barriers in organizations———-

 

 

CHAPTER THREE

 

3.0    Research Methodology

3.1    Introduction———————————————————–

3.2    Research Design——————————————————-

3.3    Population of the study———————————————–

3.4    Sample size and sample Techniques——————————–

3.5    Instrumentation——————————————————–

3.6    Administration of the instrument————————————

3.7    Procedure for statistical Analysis————————————

 

CHAPTER FOUR

4.0    Introduction ———————————————————-

4.1    Presentation and Analysis of Data———————————-

4.2    Test of Hypotheses—————————————————-

 

 

 

 

CHAPTER ONE

INTRODUCTION

  1. INTRODUCTION

Communication is the glue that holds organisations together.  Communication assists organizational members to accomplish both individual and organizational goals, implement and respond to organizational changes, coordinate organizational activities, and engage in virtually all organizationally relevant behaviours.  Yet, as important as this process is, breakdowns in communication are pervasive.  The anonymous with who said  “I know you believe you understand what you think I said but I am not sure you realize that what you heard is not what I meant” was being more than humorous; she or he was  describing what every one of us has experienced: a failure to communicate.

 

To the extent that organizational communications are less effective than they might be, organizations will therefore be less effective than they should be.  For example in many companies, new employee orientation programs represent the first important opportunity to begin the process of effective communication with an employee.  At Marriot International, the worldwide hotel and resort chain, 40 percent of new employees who leave the organization do so during the first three months on the job.  At least that had been true historically.  Recently, the rate of departures has been significantly reduced because Marriot has embarked on a concerted effort to improve the content and manner in which it communicates with new employees during orientation.  In addition to formally providing more information, each new employee is assigned a “buddy” who serves as a vital communication link to which the newcomer has unrestricted access. Marriot helps ensure that its frontline service personnel communicates effectively with their guests by ensuring that Marriot Communicates effectively with its employees starting from their very first day on the job.

It would be extremely difficult to find as aspect of a manager’s job that does not involve communication serious problems arise when directives are misunderstood, when casual kidding in a work group leads to anger, or when informal remarks by a top-level manager are distorted.  Each of these situations is a result of a break down somewhere in the process of communication.

Accordingly, the pertinent question is not whether managers engage in communication inherent to functioning of an organization.  Rather, the pertinent question is whether managers will communicate well or poorly.  In other words, communication itself is unavoidable.  Every manager must be a communicator.  In fact, everything manager communicates something in some way to somebody or some group  the only question is “with what effect?” This point will become apparent as you proceed through the chapter.  Tremendous advances in communications and information technology among the people in organizations leaves much to be desired.  Communication among people does not depend on technology but rather on forces in people and their surroundings.  It is a process that occurs within people. Below is a simple input-out diagram showing the process of communication flow and evaluation.

 

Communication also serves as an instrument of social interaction. It help us to understand people, to understand them and predict their responses to situations.  It is a means by which power is acquired, exercised and sustained; it is the medium through which relationships are established, attained and

 

 

 

 

Continue reading ACHIEVING ORGANIZATIONAL OBJECTIVES THROUGH EFFECTIVE COMMUNICATION

THE ROLE OF FINANCIAL INSTITUTIONS IN EXPORT FINACNING IN NIGERIA FROM 2006 –2012

THE ROLE OF FINANCIAL INSTITUTIONS IN EXPORT FINACNING IN NIGERIA FROM 2006 –2012

(A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA BRANCH)

 

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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

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:  0115939447
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

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.

Enter Amount

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

 

 

ABSTRACT

 

 

The primary objectives of this study was to examine how the financial institution export finance in Nigeria using First Bank of Nigeria Plc Onitsha branch as a case study. In carrying out this study, I used survey method in which I used the questionnaire to collect data. The target population was the staff of first bank of Nigeria Plc Onitsha Branch from which a sample of 80 was drawn. I used research questions and formulated research hypotheses. The relevant literature was reviewed for the study. The data were collected, presented analyzed and hypotheses tested using chi-square. At the end of the study a number of recommendations were made for further studies and on how to improve the Nigeria financial export in Nigeria and how to encourage the institutions for expansion and modernization.

 

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TABLE CONTENTS

CHAPTER ONE: INTRODUCTION

  • Background of the Study:……………………………………………………….3

 

 

  • Statement of Problems:.………………………………………………

 

 

  • Purpose of the Study:………………………………………………………

 

 

  • Significance of the Study:………………………………………………

 

 

  • Research Questions:………………………………………………………………8

 

 

  • Formulation Hypothesis………………:…………..……………9

 

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  • Limitation of the Study:……………………………………………………

 

 

  • Definition of Terms :…………………………………………………………

 

 

CHAPTER TWO: LITERATURE REVIEW

 

 

  • Mexim Annual Statement of Account of 1999

 

 

Foreign  Sources  ……………………………………………

 

 

  • Sources of Finance  For  Export  …………………

 

 

  • The role of Financial Institution ………………………..………………18

 

 

  • Factors Militating  Against  Export

 

 

  • Historical Background  to  Export  F

 

 

  • Policy Instrument:…………………….…………………………………………

 

 

  • Duty Draw  Back/Suspension  Manufac

 

 

CHAPTER THREE: RESEARCH METHODOLOGY

 

 

  • Area of  the  Study  :……………………………………

 

 

  • Population of  the  study:………………………

 

 

  • Sample and Sampling Technique:…………………………………

 

 

  • Instrument for  Data  Collection  :…

 

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  • Validation of  the  Instruments…..…

 

 

  • Distribution and  Retrieval  of  the

 

 

  • Method of Data Collection and Analysis:……………………………..…35

 

 

  • Analysis:………………………………………………………………

 

 

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

 

 

  • Finding and Discussion of Finding Questionnaires

 

 

Distribution………………………………………………………

 

 

CHAPTER FIVE

 

 

  • Summary of findings, conclusions and  Recommendatio

 

 

  • Summary of Findings:…………………………………………….……

 

 

  • Conclusion:……………………………………………………………..………

 

 

  • Recommendations:……………………………………………………………

 

Appendix:……………………………………………………………………

Questionnaire  :……………………………………………51

 

Bibliography  :………………………………………………………

 

ii

 

 

 

CHAPTER ONE

 

THE ROLE OF FINANCIAL INSTITUTIONS IN EXPORT FINANCING IN

 

NIGERIA

 

INTRODUCTION:

 

 

Financial institutions are organizations which deal basically in money.

 

`They constitute the financial framework of an economy. Financial institutions help to pool savings and excess liquidity from millions of individuals and firms within the country and make them available to those who need them for various purposes.

 

Financial institutions include commercial bank (Joint stock banks) discount houses, the central bank, saving banks, development bank (BOI), insurance companies, hire purchase companies, the national providence fund, the stock exchange building etc.

 

Before the introduction Nigeria export- import bank (NEXIM) in Nigeria as at 1999 the commercial banks were generally referred to retail bankers, while merchant banks were known as wholesale bankers.

 

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However the two operate and offer almost the same services that any line of demarcation is now rather fussy- one can only say that the distinguishing factor between the two sectors of the banking industry is that the commercial banks are members of the central bank of Nigeria (CBN) clearing house, While the merchant bank are not members of the Central Bank clearing house.

 

Another contentious factor is the licence granted merchant banks to take companies to capital market which the Nigeria stock exchange denied the commercial licensed them to do so, the introduction of the universal banking system of divide effect. A trader could approach either commercial or merchant bank for financing facility for his transactions. They can provide both short and long term facilities and can design any product which meets any requirements of customers.

 

The Nigeria export-import bank (NEXIM) was established in 1988 but commenced operations in January 1991. The bank was established to provide mainly short term financing for exporters who need working capital to buy hair activities. Among the function of the banks is the maintenance of a foreign exchange revolution fund which

 

ii

 

 

 

is to be made available as loans to exporters who need to export machineries, raw materials and spare parts to satisfy export orders. It can also consider loans involving domestic trade which are likely to assist exports.

 

  • BACKGROUND OF THE STUDY

 

 

The banking system has been integral part of the structural reforms and it has a leading role in management of policy change. The role of financial institutions in export financing is that of a cartelist and a committed broker. It ranges from assisting company and individual on how to enter export market through financing and handing shipping document and collect export proceedings.

 

Generally an export can meet his financing needs in the following number of ways.

 

THE ROLE OF MICROFINANCE BANKS IN THE ALLEVIATION OF POVERTY IN NIGERIA.

THE ROLE OF MICROFINANCE BANKS IN THE ALLEVIATION OF POVERTY IN NIGERIA.

( A Case Study of Oha Microfinance Bank Ogui Road Branch, Enugu State)

Click here to download our android mobile app to your phone  for more materials and others

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

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:  0115939447
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

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.

Enter Amount

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

 

 

ABSTRACT

This study explores the immense role of the microfinance banks in the alleviation of poverty in Nigeria. The researcher revealed that the rate at which rural dwellers deposit their money in their pillows rather than in microfinance banks is high. Data were collected through primary and secondary sources. As regarded to primary sources, questionnaires and interviewed were used. The chi-square (x²) method was used for testing of hypotheses. Responses to the questionnaires were analyzed using percentage method of analysis. Based on the findings of this study, an attempt on the role of microfinancing as stimulus to poverty alleviation in Nigeria may lack adequate knowledge of various financial transactions available and how the rural dwellers can access them. In conclusion, it hoped that the recommendation will help the microfinance banks to strengthen its weakness for better and effective services in order to achieve its sets of goals and socio-economic advancement for the alleviation of poverty in Nigeria.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE OF CONTENT

CHAPTER ONE: INTRODUCTION

 

1.1   Background of the study————————————————————–1

 

1.2   Statement of problems—————————————————————-4

 

1.3   Objectives of the study—————————————————————-6

 

1.4   Research Hypothesis——————————————————————6

 

1.5   Research questions——————————————————————–7

 

1.6   Significance of the study————————————————————–7

 

1.7   Scope of the study———————————————————————8

 

1.8   Limitations of the study————————————————————–8

 

 

 

8

 

 

 

 

CHAPTER TWO: LITERATURE REVIEW

 

2.1   Overview of microfinance activities in Nigeria———————————–10

 

2.2   Justification for the establishment of microfinance institutions————-16

 

2.3   Microfinance policies and goals—————————————————19

 

  • Contributions of government in alleviation of

 

poverty through establishment of microfinance banks———————–23

 

  • The rate at which rural dwellers are not able to repay

 

their loans—————————————————————————26

 

2.6   Supervision of microfinance banks—— —————————————-28

 

2.7   Roles and responsibilities of stakeholders————————————–30

 

 

 

 

CHAPTER THREE: RESEARCH METHODOLOGY

 

3.1   Research Design———————————————————————33

 

3.2   Sources of data collection———————————————————–33

 

3.3   Methods of data collection———————————————————34

 

3.3.1  Primary data————————————————————————-34

 

3.3.2  Secondary data———————————————————————-35

 

3.4   Determination of population size————————————————-35

 

3.5   Determination of sample size—————————————————–35

 

 

 

9

 

3.6   Sample procedures—————————————————————36

 

3.7   Method of data analysis———————————————————-37

 

3.8   Decision rule———————————————————————–38

 

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

 

4.1   Data presentation—————————————————————–39

 

4.2   Summary of responses———————————————————–39

 

4.3   Test of hypothesis—————————————————————–48

 

 

 

 

CHAPTER   FIVE:   SUMMARY   OF   FINDINGS,   CONCLUSIONS   AND

 

RECOMMENDATIONS

 

5.1   Summary of Findings————————————————————–55

 

5.2   Conclusion————————————————————————–56

 

5.3   Recommendations—————————————————————–56

 

BIBILOGRAPHY——————————————————————-58

 

APPENDIX A———————————————————————–60

 

APPENDIX B—————————————————————————61

 

 

APPENDIX C—————————————————————————63

 

 

 

 

 

 

 

 

 

 

 

 

 

10

 

CHAPTER ONE

 

 

INTRODUCTION

 

 

1.1:  BACKGROND OF THE STUDY

 

 

A robust economic growth cannot be achieved without putting in place well focused programme to reduce poverty through empowering the people by increasing their access to factors of production.

 

The latent capacity of the poor for entrepreneurship would be significantly enhanced through the provision of microfinance services to enable them engage in economic activities and be more self-reliant, increase employment opportunities, enhance household income and create wealth. Micro-financing has existed for years before the introduction of conventional banking in Nigeria and the later part of nineteenth century. (Ekot, 2008)

 

The traditional Nigerian society has a system of group savings and assistance to one another. The practice was that a group of people who had needs for some form of capital or lump sum to execute a particular project which they could not raise adequate savings on their own, usually come together to form a savings group. The group may be named after the leader who is usually the initiator of the venture. The traditional microfinance institutions provide

 

11

 

 

access to credit for the rural and urban low-income earners. These are mainly the informal self-help groups such as Isusu,women association like one obtainable during popular August meetings,

 

Umuada progressive women association. Other providers of microfinance services include savings collectors and co-operatives.

 

(CBN brief, 2005)

 

 

The unwillingness and inability of the formal financial institutions is to provide financial services to the urban and rural poor, coupled with unsustainability of government sponsored development financial schemes, contributed to the increase in number of private sector led micro finance in Nigeria. Thus, before the emergence of microfinance institutions, informal microfinance activities flourished all over the country. The Central Bank of

 

Nigeria (CBN) as at end of December 2009 gave an approval to 840 microfinance banks to begin operation in the country. (CBN briefs, 2008-2009)

 

Microfinance banking is about providing financial services to the economically active poor and low income household, who are traditionally not served by the conventional financial institutions.

 

These services include credit savings, micro-leasing, micro-insurance and payment transfers to enable them engage in income generating activities. (Asemota, 2002)

 

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However, the microfinance policy launched on 15th December 2005 defined the framework for the delivery of these financial services on a sustainable basis to the micro, small and medium enterprises (MSMES) through privately owned microfinance banks.

 

The Non-governmental Organizations or Microfinance institutions

 

(NGO-MFIS) are also expected to transform to microfinance banks. (Dinye, 2006)

 

Existing Community banks and NGO-MFIS that want to convert and transform respectively to a microfinance bank but do not have the required minimum capital base can increase the share capital by capital injection, merger and acquisition. These would not only enhance monetary stability but also expand the financial infrastructural development of the country to meet the national financial system and provide stimulus for growth and development

 

(Benson, 1985). It would also harmonize operating standards and provide a strategic platform for the evolution of microfinance institution, promote appropriate regulation, supervision and adoption of best practices. The establishment of microfinance banks has become imperative to serve the following purposes:

 

Improve, diversified and create a dependable financial service to the active poor, low-income earners in a timely and competitive manner that would enable them to undertake and develop long-

 

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term, sustainable entrepreneurial activities, mobilize savings for intermediation, create employment opportunities and increase the productivity of active poor and income earners in the country. Thus increasing their individual household income and capacity standard of living, enhance organized and systematic but focused participation of the poor in the social-economic development and resource allocation process. It will also provide veritable avenues for the administration of the micro credit programme of government and high net worth individual on non-resource basis. This policy ensures that state government shall delegate an amount of not less than 10% of their annual budgets for on-lending activities of microfinance banks in favour of their residents and render payment services such as salaries, pension for various tiers of government (Luck,2011).

 

1.2:  STATEMENT OF PROBLEM

 

 

Nigeria consists of different classes of individuals, who are either enterprising or industrial low class that account for over half of the population who do not have access to formal banking services. Savings have continued to grow at a very low rate particularly in the rural areas of Nigeria. One of the problems brought to bear is the inability of rural dwellers to channel their savings into banks. Most rural people keep their resources under their pillows. This

 

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method of keeping savings is risky because it might be stolen, lost

 

TAXATION AS AN INSTRUMENT OF FISCAL POLICY IN NIGERIA

TAXATION AS AN INSTRUMENT OF FISCAL POLICY IN NIGERIA

COMPLETE MATERIAL COST 2500. BUY NOW

CHAPTER ONE

  • Introduction
  • Objective of the study
  • Significance of the study
  • Statement of problem
  • Hypothesis
  • Scope and limitation of the study
  • Definition of terms

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1 Definition / forms of taxes

2.2 The tax system

2.3 Principles / characteristics of a good tax system

2.4 Development of Nigeria tax system

2.5 The role of taxation in the Nation’s development

2.6 References

 

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1 Study area

3.2 Sources of data (Primary and Secondary Sources)

3.3 Method of investigation

 

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1 Data presentation

4.2 Analysis

4.3 Testing of hypothesis

 

CHAPTER FIVE

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

5.1 Summary of findings

5.2 Conclusion

5.3 Recommendation

Bibliography

Appendix

 

ABSTRACT

 

          This research is proposed to investigate taxation as a fiscal policy tool – on its use in solving economic problem such as inflation reduction, harmonization of policies on tax as it relates to government policies and conflict in objectives, inequality, multiple tax problem etc.

This work is a critical look at the existing forms of taxes in the county. It also looked at the Nigeria tax system in terms of tax policy; tax laws and finally taxes administration. It talked about principles / characteristics of a good tax system and of course, the role of taxation in the Nation’s development.

Questionnaires were administered on the relevant population sample. Also they were interviewed and data collected, analyzed and interpreted. Chi – square was used in analyzing the data collected. The collected data were tabulated according to their relevance to the hypothesis.

It was discovered that some level of stability has been achieved by way of reduction in inflation.

Also, the production sits for have received considerable amount of encouragement through various incentives given in order to encourage production activity. It was also discovered that provision of tax system on resource allocation, increase in disposable income, has not been sufficient.

In all, it was concluded that the Nigeria tax system is fairly adequate.

CHAPTER ONE

 

  • INTRODUCTION

The economy of any county regardless of its structure is normally regulated by certain policies developed by the government of such a country. Among these policies there are economic policies, social policies etc.

However, the economic policies are more fundamental in that it serves as a foundation for the success of other policies of the government. The constituent elements of these economic policies need to be manipulated, and most of them simultaneously for the desired result. One of the essential arms of economic policies, the fiscal policy, is related to government tax and expenditure. In another way around form, Baumel, W.J. and Blinder A.S., (1979) in the book “Economic principles and policy” defines fiscal policy as governments plan for spending and taxation. It serves as a means of planning, controlling and co-ordinating the tempo of activities in the economy.

Taxation is one of the courses of action of fiscal policy. According to Olanifan I.F. (1994) it is the compulsory transfer of resources from the private sector to the public of the economy of the nation. The direction of taxes is seen in its potential effects on the determinants of growth. This is done by way of;

  1. Altering the determinants of economic development e.g. capital formation, technological change, factor supplies etc.
  2. Permitting the financing of government activities or government financed privated investment without the undesirable effects of other methods of financing. It could also be seen in its potential effects upon the rate of growth such as the level of governmental expenditure: on the branch of stability; on resources allocation; also on distribution of income and wealth.

This important aspect of the fiscal policy has been a major sources of revenue generation in Nigeria roughly this around the turn of this century. Apart from serving this important purpose, it has also been a major policy instrument that the government has consistently used in planning, controlling and co-ordinating the various economic activities of the country gear towards economic growth.

The tax system being a principal fiscal tool, when effectively executed, is capable of helping the nation out of the state of economic recession which is the main problem of distributing the standard of living of individuals in the country.

Therefore, it is the main objective of this study to take critical examination and evaluation of the tax system as all instruments of fiscal policy. And after the analysis, the researcher is deemed to suggest welling planning solution as to the pervading problems of this tax system.

 

  • OBJECTIVES OF THE STUDY

The aim of this research work is to examine how the use of taxation as a fiscal instrument in Nigeria has affected the nation’s socio-economic life. These objectives are as follows:

  1. Identification of taxation as to how it is used in income and wealth redistribution, solving the problem of inequalities.

It also sets out to establishing raw taxation

AN EXAMINATION OF THE TECHNIQUES OF MANAGING FINANCIAL DISTRESS IN THE NIGERIA BANKING INDUSTRY

AN EXAMINATION OF THE TECHNIQUES OF MANAGING FINANCIAL DISTRESS IN THE NIGERIA BANKING INDUSTRY

 

 

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ACCOUNT NUMBER:  0115939447
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

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. 

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ABSTRACT

The researcher examines the technique of managing financial distress in the Nigerian banking industry. The researchers purpose of study among other.

To examine bank recapitalisation as a technique of managing distress in the banking industry.

To examine debt recovery and cost reductive as a technique of managing distress in the banking industry.
To examine bank acquisition and merger as technique of managing distress in the Nigeria banking industry.
The researcher collected the necessary data through structural questionnaire and oral interview. In analyzing the data collected, the researcher made use of textual and tabular presentation.
In both case chi-square and simple percentage where the major tools used for data ananlysis.

The findings revealed among other things.
(1) That bank needs to be recapitulated.
(2) That two or more distressed banks need to merge to from a new, strong and healthy one.
(3) That banks need to recover their debts to ensure their continuing existence.

A strong bank should take over a small and weak bank to enhance its survival and performance. It was also discovered that excessive operational cost is one of the factors that led to bank distress.

 

TABLE OF CONTENTS

CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.4 RESEARCH QUESTION
1.5 RESEARCH HYPOTHESIS
1.6 SIGNIFICANCE OF STUDY
1.7 SCOPE, LIMITED AND DELIMITATIONS
1.8 DEFINITION OF TERMS

REFERNCE

CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE …………………………
2.1 INTRODUCTION TO EXAMINATION OF THE
TECHNIQUES OF MANAGING FINANCIAL
DISTRESS IN THE NIGERIAN BANKING INDUSTRY.
2.1 BANKING RECAPITALIZATION…………………………………..
2.2 THE ROLE OF CAPITAL IN BANKING…………………………….
2.3 COMPONENTS OF BANK CAPITAL………………………………
2.4 MAJOR OPTIONS IN BANK RECAPITALISATION………………
2.5 FOREIGN INVESTMENT OPTION IN BANK RECAPITALISATION……………………………………………….
2.6 DEBT RECOVERY AND COST REDUCTION…………………….
2.7 LOAN RECOVERY STRATEGICS ……………………………….
2.8 BANK AQUSITION AND MERGER ………………………………
2.9 RESTRUTURE AND SELL OPTION
REFERENCE
CHAPTER THREE

3.0 RESEARCH DESIGN AND METHODOLGY
3.1 RESEARCH DESIGN
3.2 METHODS OF INVESTIGATION
3.3 RESEARCH POPULATION
3.4 SAMPLING SIZE DETERMINATION
3.5 SAMPLE TECHNIQUES
3.6 RESEARCH INSTRUMENT USED
3.7 METHOD OF PRESENTATION
3.8 TECHNIQUES OF DATA ANANLYSIS

CHAPTER FOUR
4.0 PRESENTATION OF DATA AND ANANLYSIS
4.1 DATA PRESENTATION ANANLYSIS
4.2 TESTING OF HYPOTHESIS

CHAPTER FIVE
5.0 FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 FINDINGS
5.2 CONCLUSION
5.3 RECOMMENDATION
BIBILIGRAPHY
APPEDIX
(1) LETER TO THE RESPONDENTS
(2) QUESTIONNAIRES

CHAPTER ONE

1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY
The issue of financial distress in the Nigerian banking industry has became the ‘Conequences of bnak failures, the problem has became a major source of concern to the government, the regulatons of financial institutions and to the general public. The experience of Nigerians during the first era of bank failures in Nigerian between 1953 to 1959 was such that generated understandable apprehension among the banking public. Unfortunately, the problem has reducing up till now in the Nigerian financial system. Also distress in Nigerian banking system is a phenomenon that must be tackle with every amount of Vigour in order to minimize its occurrence in the economy.
Although, Nigerian thought this was a good own for the economy, it soon downed on them that the perceived boom was a mirage and gross mismanagement. The increasing number of distress in the nations banking industry has impacted negatively on the economy by slowing down the tempo of business activities. The courage also effects some government and some healthly banks which have cost some of the confidence which they had enjoyed before the issue of banking distress become pronounced.
1.2 STATEMENT OF PROBLEMS
Financial distress in the Nigeria banking industry will therefore occure when a fairly reasonable proportion of banks in the system are unable to meet their obligations to their customer as well as their owners and the economy as a result of weakness in their financial, operational and managerial condition which have rendered them either insolvent. Also is a situation in which a sizable

THE COURSE OF THE COURSES AND EFFECTS OF MISMANAGEMENT IN THE FINANCIAL INSTITUTION AND THE POSIBLE SOLUTIONS

THE COURSE OF THE COURSES AND EFFECTS OF MISMANAGEMENT IN THE FINANCIAL INSTITUTION AND THE POSSIBLE SOLUTIONS

 

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COMPLETE PROJECT  MATERIAL COST 2500 NAIRA OR $10 , WITH THE SOFTWARE 30,000 NAIRA

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Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:  0115939447
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

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. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

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

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

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

 

CHAPTER ONE:

1.1 The background of the study
1.2 Statement of problems
1.3 Objective of study
1.4 Significance of study
1.5 Limitation of study
1.6 Definition of terms
1.7 Reference

CHAPTER TWO:
2.1 Review related to literature
2.1 Courses of financial mismanagement in the financial institution
2.3 Unqualified accountant staff having the account book as a measure.
2.4 Inflation of the contracts
2.5 Perfect funding in the financial institution
2.6 God-fatherism
2.7 Poor loan recovery machinery
2.8 The effect of financial mismanagement in the financial institution.
2.9 effects on the staff

CHATER THREE:
3.1 Research methodology
3.2 Source of secondary data
3.3 Population sample
3.4 Instrument of data collection
3.5 Method of data analysis

CHAPTER FOUR:
4.1 Analysis of data presentation

CHAPTER FIVE:
5.0 Recommendation and conclusion
5.1 Recommendation
5.2 Conclusion
5.3 Summary of the findings
5.4 Biography

CHAPTER ONE

BACKGROUND OF THE STUDY
A financial institution is an organize body concern with the management of money. This to say that the institution is responsible for the lending and borrowing of money. In other word, it is the institution involved in financial intermediation where money is mobilized and is channeled from the public settings. Those who have surplus fund want to invest in productive activity. Some of this institution in Nigeria is the commercial bank, stock exchange market, merchant bank, CBN, insurance market and the development banks.

Mismanagement is defined by land man English dictionary version as control with private, public, or business affaire badly or unskillfully.
Mismanagement is also defined by Oxford English dictionary as mismanaged, improper administration to manage wrongly. The financial mismanagement according to the above definition may be improper administration, wrong uses of money, and inadequate collateral security of granting loan.
Misappropriation of money or management of finances unskillfully.

They are good in selling of security. They are sources of revenue to the government. They help the government extremely in the internal trade. They also provide a lot of advice to the government. To the public and private individual affairs. The bank grant loan on advance and make locally or outside Nigeria. In fact they performer a variety of function to safety the financial need of all the type of costumers form small personnel account holder to the big incorporated organization. That is by accepting of deposit, safe custody agency service etc.

The industry has gone beyond the optimistic of the period of years. The number of the expanded in five funds. The variety of the bank increase and promote the growth of industrial fraud due to the craze fore material wealth, inflating of contracts, God-fattherism, poor management and other bank matinee contribute extremely to the constant report of financial management in the financial institution. Even the marketer in this institution has been complaining that hunger and starvation have killed them due to the inability of the managers to pay their salaries. This has all happen due to misappropriation of fund meant for salaries.
Reporting of riot, workers unrest or strike of worker which brig a lot impact on the economy not function effectively. Something costumer in those institution accused there accountant manager of embezzling their money 1.e in lies in cooperative and commercial bank.
In this case, mismanagement result a great effect over many sectors of life of the above mentioned such as companies, individuals, workers and the economy as a whole. The tendency to embezzle and get rich quick mentality has continued down the line.
“The service act of financial institution in Nigeria”

Furthermore, mismanagement in the financial institution make then unable to tackle their problems and obligation like paying of task to the government, cash reserve rate, worker salaries giving out loan etc.

After the overthrown of the last civilians government in the country. Much financial institution made a lot of staggering discovery to fund misappropriation through inflated contracts, bribery and kick back etc.since then, the Nigeria economy has become a big body up till today.
Mismanagement in this financial institution has contributed to a large extent to the various draw-backs that inhibits the infrastructures growth in financial and non-available of loan and to the payment of salaries. This has also created a lot of imbalance to the government in the revenue generation. Therefore it is necessary that a research like this be carried out to fix the problems of mismanagement of bank of fund in our financial institution.

In Nigeria, financial institution is one of most important institution, which is responsible fore the countries economic growth. Without financial institution like banks, stock exchange market, insurance market, etc, Nigeria and other countries will find it very difficult to transact their business together.

Financial institution performs some duties to the country state and to the individuals. Due to this service rendered by these financial institutions, banking in Nigeria has gone through a very dramatic change within these decades. Some companies wound up till today. In fact, financial analyst put public fund misuse and those smuggled outside the country at several million of Naira.
Finally, the various officer mostly the manager and cashier of those institutions are accused of the abnormal. The research went into dept in finding out the true situation. Managers contributed the majority of the respondent used. Useful interview were concluded with the important officers to finally commission help to get the root of the problems.

STATEMENT OF THE PROBLEM

In this aspect, it well known facts that adequate management in the financial institution will enable them play their role as supposes and enable them archive their goal and objective. They are unable to perform their role in selling of security paying of tack, which is source of revenue for the government, help in the international trade etc. they thereby encounter some problem, which may be stated as follows;
 They are finding themselves unable to meet the costumers demand.
 There is persistence lose.
 They are having poor turnover.
 There is lack of trust by there customers in, as much they don’t invest in there firm anymore.
 Unable to abide by the set out laws especially the financial ordinance.
 Costumers withdr