FOREIGN EXCHANGE MANAGEMENT IN NIGERIA CRITICAL APPRAISAL AND SUGGESTED POLICY MEASURES FOR THE FUTURE

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dc.contributor.authorAUGOYE, DANIEL
dc.date.accessioned2014-02-14T13:53:45Z
dc.date.available2014-02-14T13:53:45Z
dc.date.issued1995-09
dc.descriptionA THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF THE MASTER OF BUSINESS ADMINISTRATION. DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY Z A R I A . OCTOBER 1995en_US
dc.description.abstractForeign Exchange Management in Nigeria has been an issue and continues to be an issue that touches on the very foundation of the Economy since the movement of the Naira/Dollar Exchange rate is the most important single factor influence prices output and emp1oyment. Foreign Exchange Management until 1986 was based mainly on the exchange control act of 1962. About mid 1991 the W o r 1 d oil ma rket f rom where the bu1k o f t he nation & foreign exchange was earned started to collapse as a result of the sharp decline in the demand for crude o i l . The development in the world oil market adversely affected the Nigerian economy. Crude o i l prices which had peaked at US$40.00 per barrel in 1981 f e l l drastically to USS$29„00 per barrel in 1933 and slumped to US$14.85 in 1986. In 1986 the structural adjustment programme was introduced to turn around the economy. However by 1992 worried by the wide gap between the official and so called parallel market rates the government further devalued the Currency. By 1994 economic and socio political changes in the economy led to the adoption of a fixed exchange rate; the naira was fixed at N2.1.9960 to one (1) U.S. Dollar. This did not also work so in 1995 the Government adopted guided deregulation policy in managing the nations foreign exchange resources. The analysis above shows that the government especially in the last few years have not been able to adopt a very efficient and stable strate in foreign exchange management. Given this scenario a suggested efficient method of managing the nations foreign exchange resources becomes imperative hence this study!en_US
dc.identifier.urihttp://hdl.handle.net/123456789/1601
dc.language.isoenen_US
dc.subjectFOREIGN,en_US
dc.subjectEXCHANGE,en_US
dc.subjectMANAGEMENT,en_US
dc.subjectNIGERIAen_US
dc.subjectCRITICAL,en_US
dc.subjectAPPRAISAL,en_US
dc.subjectSUGGESTED,en_US
dc.subjectPOLICY,en_US
dc.subjectMEASURES,en_US
dc.subjectFUTURE.en_US
dc.titleFOREIGN EXCHANGE MANAGEMENT IN NIGERIA CRITICAL APPRAISAL AND SUGGESTED POLICY MEASURES FOR THE FUTUREen_US
dc.typeThesisen_US
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