The money market is place or mechanism by which short – term funds or exchanging financial assets representing short-term claim are obtained .
A money market can be simply defined as a market consisting of financial institutions and other dealers in short term money and credit who either want to lend or borrow money .As a group , these financial organization and deders facilitates the borrowing and lending of short –term money by bringing together those institutions with surplus funds which they wish to lend on a short- term basis and those wished to borrow.
The Nigeria money market could be said to love started with the commencement of commercial banking in 1894. However , due to various military factors ,the development of the money market was not possible until the establishment of the Nigeria central bank and the introduction of the money instruments . it is important to note that the money market in Nigeria is not located in any fixed or particular place or building where money is bought and sold . it is merely a term , which embraces all the institutions that handle the purchases , sales and transfer of short term money and credit instruments . The market operates by means of the telephone or personal contacts between the participants. It is only when a deal is struck that most transactions are finally concluded at the central bank were credit and debit are raised. This is the way money market developed economics also operates ( ie mainly by telephone and personal contacts ) but does not mean that the market is never a designated place.
Money market activities can be carried out at specific area, street , as in the case of well street in new York or lomba street in London . The later being almost synonymous with the London money market, is the central of bank head offices and discount houses.
The money market provides the central bank of Nigeria with a very important financial environment to implement monetary policy operating through the market , it raises or lowers bank reverse through open market purchase and sales of securities.
STATEMENT OF THE PROBLEM:
A part from performing traditional function of the money market , are of the main reasons for establishment of Nigerianzation of the credit basis . A money market was therefore necessary in the achievement of this objective by providing outlets in term of local money assets for the investment of surplus funds in the country as well as funds repatriated from abroad . it was also necessary to provide for government a source for short- term financing which among other things can release for capital expenditure some of the fund which at that time government deployed as work capital.
The study is to assess the role of the operation of the Nigeria money market in indigenising the credit base of the Nigeria economy.
TABLE OF CONTENT
Table of content
CHAPTER ONE: INTRODUCTION
Background of the study
Statement of the problem
Objectives of the study
Significant of the study
Scope and limitations of the study
REVIEW OF RELATED LITERATURE
Basic condition, which must be meet before money market can function effectively
The reason for the establishment of the Nigeria money market
Development of the money market
The instruments of the Nigeria money market
Certificate of deposit
Bankers Unit fund
Eligible development stocks
An appraisal of Nigeria money market
RESEARCH DESIGN AND METHODOLOGY
Sources of data
Location of DATA
Method of data analysis
DATA PRESENTATION AND ANALYSIS
Distribution and analysis of questionnaire
Test of hypothesis
SUMMARY OF FINDING RECOMMENDATIONS AND CONCLUSIONS
Money market and the principal borrowers
Money market and the principal supplier of fund
Money market instruments
Achievement of the objectives of the money market
The Nigeria money market and the central of Nigeria
Indigenization of the credit base of the economy
THE ROLE OF THE NIGERIA MONEY MARKET IN INDIGENISING THE CREDIT BASE OF THE ECONOMY
PROPOSAL The basic objective of this study is “ The Role of the Nigeria money market in Indigenising the credit base of the Economy’’ This project revealed as much as possible main reasons for the establishment of the Nigeria money market and the Role they have played in the Indigenising the credit base of the economy. This project is... Continue Reading
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY There are various financial markets which are institutional arrangements that facilitate the intermediation of fund in an economy. The financial market is segmented into two (i) the money market which also deals in short-term fund... Continue Reading
. TABLE OF CONTENTS CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY OBJECTIVES OF THE STUDY SCOPE AND LIMITATIONS SIGNIFICANCE OF THE STUDY STATEMENT OF PROBLEMS DEFINITIONS OF TERMS CHAPTER TWO REVIEW OF THE LITERATURE MONEY AND MONEY MARKET INSTRUCTMENT OF MONEY MARKET METHODS OF TRANSACTION THE... Continue Reading
IMPACT OF THE MONEY MARKET IN THE GROWTH OF NIGERIA IN ECONOMY ABSTRACT This project work reviewed the role of the Nigerian money market in the economic development of Nigeria. Based on the research work carried out we are able to identify the various effect it has in the economic development of the Nigerian economy. TABLE OF CONTENTS CHAPTER ONE:... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The financial system of any financial company provide the catalyst through financial intermediation for productive activities to ensure economic growth and development Olowo (2008). The Nigerian financial sector is undoubtedly the most important in the political economic system because it... Continue Reading
ABSTRACT This research is on an issue which is of great importance to the Nigeria economy, it is on the Nigeria money market and its role in savings mobilization. The seminar report comprises of three chapters, chapter one is on the introduction of the topic,... Continue Reading
ABSTRACT This research is on an issue which is of great importance to the Nigeria economy, it is on the Nigeria money market and its role in savings mobilization. The seminar report comprises of three chapters, chapter one is on the introduction of the topic, chapter two is on the review of the existing literature relating to the subject matter,... Continue Reading
ABSTRACT This research is on an issue which is of great importance to the Nigeria economy, it is on the Nigeria money market and its role in savings mobilization.The seminar report comprises of three chapters, chapter one is on the introduction of the topic, chapter two is on the review of... Continue Reading
THE ROLE OF THE CENRTAL BANK OF NIGERIA IN THE DEVELOPMENT OF MONEY MARKET ABSTRACT This research work will take a look at the rate of the Central Bank of Nigeria in the development of money market. A good knowledge of the strategies which the bank uses in implementing and instruction the dwindling economy will be identified. It will also cover... Continue Reading
(A CASE STUDY OF CENTRAL BANK OF NIGERIA, ABUJA) ABSTRACT This research work looked at the rate of the Central Bank of Nigeria in the development of money market. A good knowledge of the strategies which the bank uses in implementing and instruction the dwindling economy... Continue Reading