The Impact Of Nigeria Stock Exchange In The Economic Development Of Nigeria (A Case Study Of Nigeria Stock Exchange Owerri)

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Project and Seminar Topics with material for Banking and Finance

Project and Seminar Topics with material for Banking and Finance


Dedication


This work is dedicated to God Almighty for his continuous protection and blessings. Without whom my burning ambition of pushing further in my education would not have been actualized.

To my wonderful, dynamic and lovely daddy Mr..and Mrs. Ikem Amobi for his parented care, guidance an
Financial support.


Acknowledgement


The height attained by great man is not sudden flight. If this Maxim is accepted it becomes necessary to acknowledge those who added in various ways for the success of this research work.

Firstly, my unique and unalloyed appreciation goes to my caring project supervisor Mrs. G.U. Nwansi who apart from sparing time out of his very busy schedule to go through the manuscript with indescribable effort offered useful penetrating criticism, and kind suggestion, thus providing this necessary expositions required in over coming any obstacle that would have militated against the successful outcome of this study.

Also I give thanks to my lecturers for the knowledge imparted which guided me especially, my head of department, Mr. N.O N Kanu. With deep mine of humility, respect and gratitude, I acknowledge the concern and unflinching support of my brother Chekwube I say a much big thank you for caring so much.


Abstract


Many developing countries including now regard rapid industrialization as one of their major economic growth. The project work concentrated on the impact of the Nigeria stock exchange in economic development of Nigeria.

Therefore it has become imperative for capital deficient countries to establish an institutional frame work that will enhance the mobilization of savings. In carrying out this research, attention was focused on some areas like:The functions and changes in the Nigeria stock exchange.

Both primary and secondary sources of data were used. Primary data is the data collected through administration of mail questionnaires. While secondary data is the data collected from textbooks, journal etc. The total number of 20 questionnaires was retrieved from 40 administered.

Tables are used to analyze the data. Based on the findings it was recommended that government should bring out policies that will enhance the activities of the Nigerian stock exchange.


Table Of Content


  • Title page
  • Approval page
  • Dedication
  • Acknowledgment
  • Abstract
  • Table of contents

Chapter One

  • 1.0 Introduction
  • 1.1 Background of the Problem
  • 1.2 Statement of the problem
  • 1.3 Objective of the study
  • 1.4 Statement of Hypothesis
  • 1.5 Research question
  • 1.6 Significance of the Study
  • 1.7 Limitation
  • 1.8 Scope of the study
  • 1.9 Definition of terms

Chapter Two

  • 2.0 Review Of Literature
  • 2.1 Introduction
  • 2.2 History of Nigerian Stock Exchange
  • 2.3 What is stock and stock Exchange
  • 2.4 Classification of the Nigerian Stock Market
  • 2.5 Objectives and functions of Stock Exchange
  • 2.6 Methods of dealing in Nigeria Stock Exchange
  • 2.7 Operation of the Nigerian Stock Exchange and its impact on the economy.
  • 2.8 The Causes of the global financial crisis.
  • 2.9 The impact of Global financial crisis on the operations of the Nigerian Stock Exchange
  • 2.10 The Efforts made towards contending the global Financial crisis

Chapter Three

  • 3.0 Research Methodology And Hypothesis
  • 3.1 Research methodology
  • 3.2 Population of the study
  • 3.3 Sample size and method
  • 3.4 Source of data collection
  • 3.5 Description of questionnaire
  • 3.6 Method of data analysis and statistical test
  • 3.7 Hypothesis Testing.

Chapter Four

  • 4.0 Data Presentation And Analysis
  • 4.1 data presentation and analysis of data
  • 4.2 Summary of responses and interpretations
  • 4.3 Test of Hypothesis Based on findings

Chapter Five

  • 5.0 Summary, Conclusion And Recommendation
  • 5.1 Summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • 5.4 Bibliography

Chapter One


1.0 Introduction


1.1 Background Of The Study

Both the developed and the underdeveloped countries of the world operate a stock exchange market where securities of various categories are visited for trading. These could be government stocks, industrial loans (debenture /preference stocks) or Equity/ordinary shares.

Nigeria, one of the undeveloped, sub-Saharan African economics, is not an exception. She owns and operates a stock exchange called the Nigerian Stock Exchange (NSE) the main focus of this research work. The hitherto, Lagos Stock Exchange (LSE) established in 1960 later became the Nigerian Stock Exchange (NSE) in December 1977, with branches in some of the major commercial cities of the country.

Most of the listed companies in the Nigerian Stock Exchange have foreign/multinational affiliations and represent a cross section of the economy, ranging from agriculture through manufacturing to services thus; the Nigerian stock Exchange is directly hinged to the Nigerian economy. To this end, this research work consolidates and brings to the open, the Nigerian Stock Exchanges in the following areas

(i.) Meaning (ii.) History, (iii.) Objectives and function, (iv.) Integrity, (v.) Trading and pricing, (vi) Clearing, delivery and settlement (vii) Stock Market Legislations and regulation (viii) Internationalization of the stock market, (ix) The All –share index and (x) the Impact so far on the economy of the country.

It is no doubt that the Nigerian Stock Exchange fared well in the past decades until the recent global financial crisis hitting adversely on the countries of the world, especially the sub – Saharan African economies including Nigeria; the hitherto stable and smooth operations of the NSE have been slightly shaken, relative to other sub –Saharan African economies such as the democratic Republic of Congo, Angola, Botswana and others, by the worldwide financial crisis since late last year (March 11, 2009 Reuters).

Nigeria has been clouded by falling prices for energy exports on which the government relies for other 80 percent of revenue, the Naira has fallen about 20 percent since the start of the December Last year and the budget foresees, an increase in spending that will take the deficit to at least 3 percent of gross domestic product (GDP) Growth has been forecast at 8 to 9 percent (Reuters), but continued how oil prices through 2009 could reduce that rate. Efforts to defend the currency and capital markets, such as the reimposition of currency controls have raised concerns over where Nigeria is headed. Based on the foregoing global financial crisis, this research work also among other related matters, covered extensively the impact of the global financial crisis on the NSE and the Nigerian economy as well as efforts so far made to withstand and survive the tumbling world prices.


1.2 Statement Of Problem

The Nigerian Stock Exchange like other stock markets worldwide is expected to work in synergy for efficiency and reliability in achieving set goals mostly in times of economic challenges. Therefore, the extent to which the Nigerian stock market put in place a network of intermediating organizations that can effectively and creditably meet the challenges and growing needs of both local and foreign investors and subscribers, mostly in this period of global financial crisis and economic recession is a major problem that prompted this research work.


1.3 Objective Of The Study

The Objectives of this research work is to bring to the student community and the public at large reliable information on the Nigerian stock exchange and the impact of the recent global financial crisis on its operations.


1.4 Statement Of Hypothesis

Ho:The recent global financial crisis affects the operations of the Nigerian Stock Exchange.
HI:The recent global financial crisis did not affect the operations of the Nigerian Stock Exchange.


1.5 Research Questions

  1. Is the Nigerian Stock Exchange really affected by recent global financial crisis?
  2. Did the global financial crisis have impact on the operations of the Nigerian Stock Exchange?
  3. Should one have trust in the Nigeria Stock Exchange (NSE)?
  4. Has the internalization of the NSE been a welcomed development?

1.6 Significance Of The Study

This study is desirable because it will be a source of information to the student community, business organizations and various individuals who wish to have knowledge of what is happening in the Nigerian Stock Exchange (NSE) within the period covered by the study, and how NSE and Nigerian economy coped with the global financial crisis characterized by tumbling world prices which slashed oil revenues and reduced the value of the Naira.


1.7 Limitation Of The Study

The major limitations to this research work are inadequate finance, time factor, locations of the Nigerian Stock Exchange branches relative to my institution and others.


1.8 Scope Of The Study

The scope of this study is limited to the structure and operations of the Nigerian Stock Exchange (NSE), and the impact of the recent global financial crisis on the NSE and the economy as well as efforts made towards meeting up with the attendant challenges.

This research work covers a five year analysis of the operations of the Nigerian Stock Exchange (2004-2008).


1.9. Definition Of Terms

Stock:–

These are shares in the capital of the company. The holders of these shares received dividends. It is also the bundle of shares.

Bond:–

This is a credit instrument and the holder of it is a creditor who receives a specified amount of interest on the principal amount together with the principal.

Debenture:–

This is a document which contains an acknowledgment of indebtedness

Stock Exchange:

This is market where securities are bought and sold. It provides facilities for company’s and government to raise money from the citizens for business and project development.

Broker:–

This is a person on firm authorized by law to deal with all bonds and stock quoted in the floor of Nigeria Stock Exchange.

Investor:–

A person or institution that uses his savings or borrowings to buy securities.

Securities:–

These are written or printed documents by which the claims of holders in specified property are secured.

Issuing House:–

As a member of stock exchange, it is a firm that help to prepare prospectus and to sell shares offered to the public by company’s and government.

Right issues:–

These are shares offered to the existing shareholders in proportion to the number of shares held and usually at below market prices to make the offer attractive.

Private placing:–

This is a system of raising funds from the market whereby the stocks of a company are placed with a stockbroker who then seeks out prospective purchasers.

Shares:–

A share is a security evidencing part ownership in a company. It is a unit of ownership interest which a holder has in a business unit translated into financial terms

Public placing:–

This is describes as where a firms shares are quoted on the stock exchanged.

Offer For Sale:–

This is a system where by existing share holders offer their shareholding as part of them for public subscription


I bet you, the complete material is fully loaded. This is just an excerpt. The Material is in MS-Word Format which you can easily edit and is comprehensive for a complete research work for this topic


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How to nail it on the head during your project defence


You are through with writing that project. Now what?

You have found yourself at that point where you have to defend what you have written. Of course you have to stand in front of your supervisor and other literary personalities to prove that you know what you wrote in your project paper. Unfortunately, the more you think about it, the more it looks like you are about to face a legion. It is not a war. But the emotion of dread welling up inside of you makes it look like one. So now you are asking yourself questions.

  • How am I going to start?
  • I hope I will do well enough to get an A.

You really want to nail it, but you need to come to terms with exactly how to get everything in perfect control. Especially your emotions of fear that seem to make a wreck of you every time you think about public speaking.
So here is the deal. I want to help you avoid that feeling that would ruin your precious moment if you dare to let it. And we are going to do it together.

I am going to highlight some very important tips to help you get in control for you to be comfortable enough to move from that feeling of DREAD to CONFIDENT; and making an awesome Impression for that great rating your supervisors should be giving to you so freely.

Consider these tips as you prepare for your defence. We will be taking them one after the other so here we go.


Watch Your Body Language And Keep It Confident:

Can you tell that a person is falling apart if they look confident? … If I can second guess you rightly, am sure you answered no to that question. Remind yourself that you need to come out that way. Now this might seem like a huge big deal when you are dealing with the foreboding. Maintaining a poise of confidence is very important. So find your most comfortable position, sitting or standing and draw up your body. You must exude confidence. It is something you need to do for yourself. People can only see what you allow your body language to show. So you must endeavour to put that out. Remember the story of David and Goliath? … At the end of your defence day, you want to be David.


Dress In Your Most Comfortable And Impressive:

Am sure this one is a no brainer. However I must highlight that you choose comfortable pieces. You don’t want to look so good and yet look like you were forced to wear something that does not belong to you. It’s great to ensure that as impressive as your clothes are on you, that they are also very comfortable.


Speak With Authority:

Going hand to hand with that aura of confidence is your most powerful asset:your words. If you look that confident, your words must not come out like whimpers. To be able to pull this off, you definitely need to speak as deliberately as possible in expressing yourself. Let them also hear what they see.


Use, Your Gestures:

I have often found this to come to my rescue in dealing with shyness and conveying my confidence. Usually it gives you an edge to also drive home your point. You must, however, ensure that you do not over use it. It doesn’t mean that your hands should be flying all over the place. That would be absolutely unnecessary. If you do this well, after a while you will realize that you are not as self-conscious as you used to be at the very start. For most situations, it would have completely disappeared altogether; leaving a really confident you talking.


Have A Good Opening And Closing Line:

Make sure you have perfected a good opening line. You should also be armed with a good closing line too. Try and rehearse it to a friend. If for the first time you presented it, your friend does not say “wow, that’s beautiful” or something like that; just know you need to keep refining it until you get the perfect line. Both opening and closing lines will go a long way in how impressed your panel gets to rate you high.


Make Sure You Know Your Work:

Certainly you should understand how important it is to know your own work from start to finish. Not having in-depth knowledge of your own work is tantamount to a suicide mission. Why should you kill yourself?
When all is said and done, this is what you came to defend in the first place. You should know your work from A to Z.


Prepare For The Questions:

Now this part is truly essential. You must be sure you do not floor all the good work you did on your presentation by not answering correctly. You must pay attention to the questions you are asked to be sure you will give the right answer. Many people get it wrong at this stage and spoil their good presentation. When you do not understand any question do endeavour to ask the person to expatiate what they mean before you answer.


These tips are by no means exhaustive, but applying these tips will give you some necessary advantage you need for a great outcome. Of course that outcome would mean that you eventually earn all your points on this project.


The structure of a good project work


Undergraduate projects in Nigeria is a prerequisite for graduation amongst Nigerian tertiary students who will which to obtain bachelors degree in their respective courses of study such as accounting, banking and finance, business administration and a host of others. Writing an undergraduate project in Nigeria for final year students entails a lot both financially and otherwise. Being able to develop any final year project depends on getting a researchable topic whether it is Accounting Undergraduate project topics, Banking and Finance research topics or banking and finance project topics and materials and it all requires diligent hard work of students who are willing to develop best undergraduate projects in Nigeria and graduate in flying colors.

A typical Undergraduate project in Nigerian tertiary institutions can be said to be divided into five or six chapters depending on the format of the school and course of study which are


1. Introduction

The introduction of an undergraduate project states the main research problem and research argument. What precisely the study is all about and why it is important. It looks at the originality of the research work and how it will fill the gap in other studies. Justification for a research undergraduate topic should not be lengthy before it has been explicitly stated.

Below are the contents in chapter one of an undergraduate research project which includes;

  • Background of the study,
  • Statement of the problem,
  • Objectives or aims of the study,
  • The research questions,
  • Research hypothesis,
  • Significance of the study,
  • Scope of the study,
  • Limitations of the study and
  • Operational definition of terms.

2. Literature review

Literature review of any undergraduate research work, be it business administration project topics or Economics project topics just to mention a few is very critical to securing a high grade in one’s project work. The literature review of a research process uncovers what other writers have written about the student’s topic. A student’s undergraduate research work should include a discussion or review of what is known about the subject and how that knowledge was acquired. The review could conclude with a brief summary of the literature and its implications. The contents of the literature review are the theoretical review, conceptual framework, empirical review and summary of literature review.

3. Research Methodology

This section includes a description of the research methods used in the undergraduate research work such as the sample size, data collection methods, measurement instruments, research data analysis procedures and the population from which the sample was selected.  This section also describes the method used in selecting the sample or samples, validation and reliability of the instruments used in the research work. There are different research statistical techniques used in undergraduate research work such as SPSS, e-views etc.


4. Results & Discussion

This section presents and discusses the data analysis results used in an undergraduate research work, the results of each analysis is being summarized, tabulated, and then discussed for each research question.  Then for each research hypothesis, the statistical test of significance selected and applied to the data is briefly described, followed by a statement indicating whether the hypothesis was supported or not supported.  In presenting the result analyses/summary in an undergraduate project tables and figures and or graph are used to add clarity to the presentation.


5. Summary, Conclusions And Recommendations

This section summarizes the findings of the study in an easy to understand manner.  It also explains the practical implications of those findings, and points to recommended directions for future research in that area.


References:

This is where every source cited in the undergraduate research work is being included. Every undergraduate research work must be properly referenced for its authenticity.

SAMPHINA ACADEMY

SAMPHINA ACADEMY

Samuel Obiora Blessed is the CEO and founder of Samphina Academy (samphina.com.ng) a.k.a Nigeria Students Media, the youngest engineering graduate of Federal Polytechnic Nekede in 2017 and the engine brain behind this great platform. He is the man behind the scene, filled with many potentials, a musician as well as a pro developer with the interest of Nigerian students at heart.

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