IOSR-JEF   Volume-11 ~ Issue-1 ~ Jan – Feb 2020

Abstract: This study; stock prices and exchange rates relations made use of exchange rate proxied by exchange of Naira and United States of America Dollar and Stock price proxied by All Share Index collected from the Central Bank of Nigeria Statistical Bulletin and Nigerian Stock Exchange Fact Books respectively from January 02, 2014 to May 20, 2019. After estimations of the models, the following were revealing; stock price leads exchange rate in Nigeria Stock market. It was equally observed that negative correlation exists between stock prices and exchange rate and decrease in stock prices reduces wealth. It was also found that no long run relationship exists between stock prices and exchange rates .Therefore the researchers suggested among others that the regulatory and supervisory authorities should focus on domestic economic policies to stabilize the stock market..

Keywords: All Share Index, Exchange rate, Stock market, Causality Test, Correlation Test.

Abstract: This study examines the determinants of financial inclusion in Nigeria. This was aimed at ascertaining the level of financial access in Nigeria. Thus, supply side data spanning 2000 to 2018 were collated for estimation. The data were sourced from the World Development Indicators and Central Bank of Nigeria databank. The time series data were estimated using ordinary least square technique. This study examines the determinants of financial inclusion in Nigeria. This was aimed at ascertaining the level of financial access in Nigeria. Thus, supply side data spanning 2000 to 2018 was collated for the estimation. The time series data were estimated using the error correction technique. The findings indicates that commercial bank branches and deposit interest rate exert a negative and insignificant impact on financial inclusion.Further results indicate that domestic.....

Keywords: financial inclusion, financial access, ratio of rural deposits to loans, number of bank branches, Nigeria

Abstract: Literatures reveal that substantial exchange rate volatility createbalance of payments problems in Nigeria and the correction of external balance will require both exchange rate devaluation and demand management policies. An increase in exchange rate volatility leads to uncertainty which might have a negative impact on trade flows. Consequent upon the above, this study focused on the effect of exchange rate volatility and balance of payments in Nigeria, 1980 to 2018. Exchange rate volatility was measured using the GARCH approach. The empirical results confirmed that exchange rate is positively related to balance of payments; while real gross domestic, inflation rate and volatility of exchange rate are negatively related to balance of payments. Therefore, government.....

Keywords: Exchange Rate Volatility, Balance of Payments, Garch Approach JEL Classifications; E63, F32

Abstract: This study examined the relationship between monetary policy rate, cash reserve ratio, exchange rate and Nigeria's exports and imports from 1980 to 2017. Total exports (value) and total imports (value) were the dependent variables while the independent variables that described the various macroeconomic policies in Nigeria were money supply, monetary policy rate, Cash reserve ratio, exchange rate, interest rate and inflation rate. Time series data on the variables of the study was gotten from Annual reports of the Central Bank of Nigeria from 1980-2017. The secondary data was analyzed using E-views 9.0 software. Two models were formulated for the study. The Augumented Dickey Fuller (ADF) stationary test showed that the variables in the study were stable at both levels.....

Abstract: Saving and Investment are two key variables which play a significant role in economic growth, control of inflation, stability and promotion of employment especially in the context of developing countries. For self-reliance and growth of a developing country, mobilization of domestic savings and their effective utilization in different investment avenues, is the need of the hour. Importance of money can be known very well as both saving and investment, depend upon it. Money is required by everyone and is the life line for existence. Proper use of money if invested, leads to generation of income, employment, eradication of poverty, stability and control of inflation. Money saved if invested properly and with due diligence, can have a multiplier effect on the economy. But by a large there.....

Keywords: Investment, Government Employees, Safety, Tax Benefits

Abstract: The credit is a set of resources lent by a bank or financial institution to an economic agent who undertakes to pay interest and repay the loan capital1. The concept of interest loans existed before the creation of the currency, that is, before the 6th century BC 2. The credit assessment is presented in four different civilizations: Mesopotamia, Ancient Greece, Romans &Arab civilization. Bank credit consists of three key elements: trust, risk and time. The appropriations are divided into several types according to two criteria: the duration of the credit and the purpose of the credit3. A bank risk is a risk to which a bank is exposed in a banking business. Credit risk is one of the largest and most dangerous risks to which a bank is exposed. Credit risk is defined.....

Keywords: Credit risk; risk management; bank of Beirut; internal rating based; risk adjusted return on capital.

Abstract: This paper investigated the effect of fiscal policy on the performance of banksin the Nigerian economy. This was to ascertain the factors that influenced the sector performance of banks using bank's return on equity as proxy for bank performance. The study period covered 26 years from 1990 to 2015, using selected indicators and employing the ordinary least squares (OLS) regression technique. We tested the null hypotheses of no significant relationship between return on equity and chosen indices of factors that have effect on bank performance, namelygovernment total expenditure(GTEXP), and government tax revenue (GTR). Results showed that overall; fiscal policy has a significant effect on the banks profitability, meanwhile, on individual basis, it was discovered that Government tax revenue.....

Keyword: Government Total Expenditure, Government Tax Revenue, Return on Equity, Fiscal Policy and Bank Performance.