Effect of global economic meltdown on nigerian stock exchange

This was due to the decision of foreign investors to pull out their funds from the market leaving it saturated with stocks.

The reality is that the world of high finance has become so complex in our digital age, with capital traveling at the speed of light and several instruments engineered using the arcane language of quantum physics. Vancouver Jimoh O, He W.

An Analysis of the Impact of Global Financial Crisis on the Nigerian Stock Exchange

Banks became unwilling to lend to each other fear of not getting their money back. In August when the US housing market began to show signs of distress, many house owners in America had been unable to service their mortgage loans, causing a wave of repossessions by mortgage institutions from the loan beneficiaries that defaulted on loan repayments.

These are as follows: Finally, some problems were encountered in the process of the research.

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To examine the effect of Global Economic Capital Market. The researcher also finds out that though not surprisingly that a complete new approach may prove to be a more viable solution to the current economic nightmare. Sub-prime mortgage is granted to borrowers whose credit history is not sufficient to get a conventional mortgage or who do not quality for market interest rates owning to various risk factors such as income level, size of the down payment made, credit history and employment status.

This is borne out of the fact that economic destabilization remains the bane of national tragedy.

THE IMPACT OF THE RECENT GLOBAL ECONOMIC MELTDOWN ON THE NIGERIAN ECONOMY

The downturn in the capital market experience in the yearwill remain indelible in the minds of many investors and other stakeholders. At the market view of point it is also permits to allocate funds according to return risk on the side of the investor viewpoint offer a large variety of financial instruments with difference profitability risk very typical, suitable for saving or cover risk.

There seems to be an overlap of distress period Mobolaji Vancouver Jimoh O, He W. Parallel to the concept of sub-prime mortgage problem. You could argue that the basis of Nigeria's wealth comes from the oil industry.

The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy

The payment system serve as a medium through which financial transaction are conducted. Finally, due to the demand of other conventional academic engagements and constructs of financial resources, the work is inclusive in nature. This then implies that some key sector of the economy may suffer a set back and our oil and gas sector may not be spared.

And finally, to ensure through this research that suggested way out of the crisis is not only provided but appropriately streamlined.

The Impact of the Global Financial Crisis on the Nigerian Economy

In its effort to ensure price, monetary and exchange rate stability, the central bank implement policies such changing the policy rate and statutory reserves that will directly or indirectly impact on the balance sheets of deposit money banks DBMs.

The problem of the complex nature of the study which was basically new to scholars of this century. Global economic meltdown is a topical issue because of its universal effect.

It connotes near catastrophic These have facilitated interconnectivity of banks and stock exchange markets universally The instantaneous and caustic effect of the economic meltdown on several organizational systems.

The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy. International Journal of Management Science and Business Administration, 3(4), Vancouver. The Nigerian Stock Exchange effectively started operations in Nigeria on 5th June, under the provision of the Lagos Stock Exchange Actwhich transformed into the Nigerian Stock Exchange in December as a result of the review of the Nigerian financial system (CBN, ).

This study is therefore out to investigate this global economic meltdown or downturn as it impacts on the Nigerian Economy. The basis of the study is on the various sectors of our economy and because the Nigerian economy is mostly and hugely dependent on oil prices, the ongoing projects in Nigeria’s oil and gas industry is dependent on.

The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy. International Journal of Management Science and Business Administration, 3(4 with the All-Share Index at the Nigerian Stock Exchange down by 33 percent at the end of Decemberfrom levels recorded in December The effect and policy analysis of global.

The purpose of this study is to investigate the impact of the global financial crisis on the Nigerian stock market. To achieve this purpose, research questions were raised, hypotheses were formulated and a review of extant literature was made.

What Are The Effect Of Economic Meltdown On Nigeria Economy? Effect of global economic meltdown on nigerian stock exchange
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