The Roles Of Non-Banking Financial Institutions In Nigeria

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The Roles Of Non-Banking Financial Institutions In Nigeria

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PROJECT TOPIC AND MATERIAL ON THE ROLES OF NON-BANKING FINANCIAL INSTITUTIONS IN NIGERIA

The Project File Details

  • Name: The Roles Of Non-Banking Financial Institutions In Nigeria
  • Type: PDF and MS Word (DOC)
  • Size: [70 KB]
  • Length: [56] Pages

 

 

CHAPTER ONE

1.0            INTRODUCTION:

Nigerian financial institution are regarded as the part of financial industries that deals with exploitation, exploration and sourcing funds, investment and sharing of funds to individuals.  However, the Nigerian financial system can be said to consist of the following subsystems:

1.                 The banking system

2.                 The non-banking financial institution

3.                 The regulatory financial institution

4.                 The traditional financial institution.

In practice, the growth of most of these financial institution has become that of “Survival of the fittest” due to the lukewarm attitude of the Nigerian citizens in exposing their business interest to organizations incorporated under this system.

This is very bad for the economy considering the role non-banking financial institutions (NBFIS) play in supporting and sustaining the welfare of the small scale business and thrifty motivation given to low any high incomers in our present economy still developing.

1.1     PURPOSE OF THE STUDY:

The purpose of the study as concerned in this topic is undertaken with the following objectives in mind.

(i)                To identify the types of non-banking financial organization in Nigeria;

(ii)             To find out whether or not this various non-banking institutions have any difference and similarities to the banking system.

(iii)           To also find out their various sources of fund and respective functions.

(iv)           To find out if there is any principles and loss guiding the firms and the parties that transact business with them.

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