MANAGING FINANCIAL "CRISIS'.IN'FINANCE COMPANIES CASE STUDY OF NIGERIA'AGRICULTURAL AND CO-OPERATIVE BANK CONSULTANCY"AND"FINANCE COMPANY LTD AND GURARA SECURITIES'AND-FINANCE COMPANY LIMITED

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Date
1995-04
Authors
BADMUS, BASHIR OYENIYI
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Abstract
The project study is an empirical exercise taken cognisance of the impact of the Structural Adjusted Programme before and after the deregulation induced programme of 1986 in the finance sector of the economy and specifically Money Market as it affects finance intermediation. The project informs how the SAP programme has altered the components of finance and money market, aggravated stiff competition and unprecedented surge by the finance companies, within the constrained economy characterised by dwindling domestic income, low production capacity socio political instability, economic dislocation, social menance and so on The Banks and other allied financial institutions spurously employed all strategies to survive and curtail the development through innovated marketing and financial strategies; financial products launching, free consultancy services, service delivery and stiff competition led to inter financing among the finance houses. This boosted only cash economy due to lack of aggregrated investment opportunities to correspond growing level of aggregrate deposits. The overall result if that the average Nigerian has choice, and place risk premium on the investible fund among the alternative prompting fund mobilization at the expense of market indicators, leading to inability to renege on commitment - financial obligations. The study is divided into five chapters. Chapter one introduces the study, setting out what it tends to achieve and the importance. Chapter two: visualise the study in retrospective to identify with relevant course and observations. Chapter three looked at the two finance companies operations in broad perspectives. Chapter four revolve round interpretation of data collected using financial indicators and analysis of data gathered on some of the contributories to the crisis while chapter five concludes the study.
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A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (M.B.A.) DEPARTMENT OF BUSINESS ADMINISTRATION AHMADU BELLO UNIVERSITY ZARIA.
Keywords
MANAGING,, FINANCIAL,, CRISIS,, FINANCE,, COMPANIES,, CASE STUDY,, NIGERIA'AGRICULTURAL,, CO-OPERATIVE BANK,, CONSULTANCY,, FINANCE COMPANY,, GURARA SECURITIES,, FINANCE COMPANY LIMITED
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