USER'S INSTRUCTIONS: The project work you are about to view is on "the management of foreign exchange risk and corporate performance in nigeria economy". Please, sit back and study the below research material carefully. This project topic "the management of foreign exchange risk and corporate performance in nigeria economy" have complete 5(five) Chapters. The complete Project Material/writeup include: Abstract + Introduction + etc + Literature Review + methodology + etc + Conclusion + Recommendation + References/Bibliography.Our aim of providing this "the management of foreign exchange risk and corporate performance in nigeria economy" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "the management of foreign exchange risk and corporate performance in nigeria economy" research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.

---

TITLE PAGE

THE MANAGEMENT OF FOREIGN EXCHANGE RISK AND CORPORATE PERFORMANCE IN NIGERIA ECONOMY

BY

---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---

DECEMBER,2018

---

APPROVAL PAGE

This is to certify that the research work, "the management of foreign exchange risk and corporate performance in nigeria economy" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on --- has been approved.

By
---                                                     . ---
Supervisor                                                  Head of Department.
Signature……………….                           Signature……………….        

……………………………….
---
External Invigilator

---

DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.

---

ACKNOWLEDGEMENT

The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.

---

PROJECT DESCRIPTION: This work "the management of foreign exchange risk and corporate performance in nigeria economy" research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of "the management of foreign exchange risk and corporate performance in nigeria economy" visible for everyone, then the complete material on "the management of foreign exchange risk and corporate performance in nigeria economy" is to be ordered for. Happy viewing!!!

---

This study investigated the effect of foreign exchange transaction on the profitability of Nigerian banks for the period of 2010 to 2014. The study employed annual data generated from the annual report of ten (10) publicly quoted banks in Nigeria. To test for the properties of panel data, Levin, Lin and Chu (2002), Breitung (2000), Im, Pesaran and Shin (2003), Hadri (2000) and Maddala and Wu (1999) test of panel unit root were deployed. Based on the popularity of the result we concluded that the variables are integrated of order one I(1). The result of Kao panel co-integration test indicates that there exists a long run relationship between the variables under study. The result of the DOLS revealed that foreign exchange income has a negative and insignificant effect on the profitability of Nigerian banks for the period. Total asset which was used as a control variable was shown to exert positive impact on the profitability of Nigerian banks, while total equity has a negative effect on profitability of banks in Nigeria for the same period under study. The studies recommend that CBN and other monetary authorities should monitor the activities of the banks to ensure that they don’t charge high premium for selling or buying foreign exchange to their customers. Banks should enhance their assets base so as to increase profitability.

TABLE OF CONTENT
Title page
Certification
Dedication
Acknowledgement
Proposal
Table of Content

CHAPTER ONE
1.1 Introduction                                                             1
1 .2 Statement of the study                                            5
1.3 Objective of the study                                              6
1 .4 Research question                                                   6
1 .5 Statement of hypothesis                                         7
I .6 Scope and limitation of the study                                      8
1.7 Organization                                                            8
1.8 Definition of terms                                                   9

CHAPTER TWO
2.1 Literature review                                                      10
2.2 The evolution of foreign exchange                           11
2.3 Nigeria foreign exchange reserve                                        12
2.4 The main causes of fluctuation in the exchange                 12
2.5 Factor limitation fluctuation in the exchange          15
2.6 How foreign system operate in Nigeria                              17
2.7 The foreign exchange rate                                        19
2.8 Foreign exchange transaction                                  20
2.9 The foreign exchange risk management                             21
2.9.1 Elimination of exchange risk (forward exchange)  22
2.10 Limit to the exchange price of credit instruments   27
2.11 Control of foreign exchange                                    28
2.12 History briefing of united Bank for African (UBA) 29

CHAPTER THREE
3.1 Research methodology                                             31
3.2 Research design                                                       31
3.3 Type and source of data                                          32
3.4 Sampling size of the study                                                32
3.5 Sampling technique                                                 32
3.6 Instrumentation                                                       33

CHAPTER FOUR
4.1 Data presentation analysis and the Interpretation, introduction                                                                                                           34
4.2 Data analysis and interpretation                                        34
4.3 Testing of hypothesis                                                        45
4.4 Hypothesis on foreign exchange policies                           46
4.5 Testing of hypothesis on the requirement for listing in FEM      (Foreign Exchanging Market)                                                      48    
 
CHAPTER FIVE
5.1 Summary of finding                                                          50
5.2 Conclusion                                                               52
5.3 Research recommendation                                                 52
5.4 Suggestion for future studies                                   54
Reference 

CHAPTER ONE
1.1 INTRODUCTION
International trade and capital flows require foreign exchange market because common despite increase in economy interdependence in the world, each country maintain its own national medium of exchange. The official foreign exchange market in Nigeria s made up of the federal ministry of finance and the central bank of Nigeria as the apex institution, authorized dealers including commercial and merchant bank, development bank and bureau de exchange.
The federal ministry of finance and the central bank are jointly responsible for the formulation of exchange control policies and procedure, while the banking system and d bureau d exchange services as a channel for implementing official policy operation side by side with the official foreign exchanges, marketing is the parallel or black market (agene 1991).
Since 1985 the central bank of Nigeria (CBN) as attempted to evolve an optional exchange rate for local currency at the same sought to achieve a system that preferentially allocates the available of foreign exchange to the productive sector that agriculture and manufacturing. It as been reluctant to allow the inter play of forces of demand and supply to determine exchange rate and allocation of scare foreign exchange to the productive sector that is agriculture and manufacturing. it has been reluctant to allow the into play force of demand and supply to determine exchange rate and allocation of scarce foreign exchange, this subsidy combined with the private biding system has create service pressure on the domestic money market, as over #35 billion in subsidized foreign exchange in 1955.
However, against the background that foreign exchange market(fem) s faced with problem, the federal government of Nigeria (FGN) took two economic emergency in October 1985 and adopted structural adjustment programmed(sap) in July 1986. The programmed give birth to second tier foreign exchange market (SFEM) this legislation exchange regime in Nigeria since independence in terms of the dismantling of the restriction and bureaucracies which plagued previous regime (agene 1991).
Structural adjustment programmed (sap) refers to a set of comprehensive economic reform measure designed to correct imbalance in the economy arising from unfavorable external factors s well as in appropriate domestic policies.
The objective of (sap) was to effectively restructure the consumption and production pattern of the Nigeria economy to eliminate price distortion heavy foreign exchange earns and imports of consumption and producer goods.
The major thrust of structural adjustment programmed (SAP) include following
A. Achieve fiscal land balance on payment viable over the period
B. Restricting and diversity the productive base of the economy in others to reduce dependency on a single major foreign exchange earns and imports.
C. Lay the basic for a sustainable non inflationary economic growth.
D. Lesson the dominance or an production investment in the public sector efficiency and encourage the growth potential of the private sector.
The overvalued naira led to a fight of capital, it thus aided that naira was converted to harder currencies at the rate that decided to give more value to the naira than it was work now in the regime of foreign exchange market (fem) and banking business carried on in Nigeria in 1949 by the British and the France bank for wise man and woman strong representative in the co operate and wholesales market.
UBA also has a large and established retail franchise and two foreign branches in New York and Grand Cayman Island.
UBA group is known for its initiative and creativity some of the key milestone in its history includes:
I. First among international to be registered under Nigeria Laws.
II. First Nigeria bank to offer its share to the public following its listing on the Nigeria stock exchange in 1970.
III. First Nigeria bank to introduce a cheque guarantee scheme knows as UBA card in 1986.
IV. Won the euro money 2000 award for excellence, as the best domestic bank in Nigeria.
V. First Nigeria bank/company to gain recognition of the international financial community through the establishment of global depository receipt (gob) programmed.
VI. Consistent and solid financial performance over the past year.

1.2     STATEMENT OF THE HISTORY
The Britton woods conference (1944) established a fixed exchange rate system whereby each currency had a fixed parity (value) in relation to the dollar.
In Nigeria, the manufacturing or better still corporate sector depends heavily on imported raw materials machineries, spare part and services. However foreign exchange did not pose any problem on them simply because of the exchange rate.
However with dereligation of the foreign exchange market, this has resulted in high foreign exchange rate. Research in the past have neglected some specific issue that are capable of setting the whole economic system, one such issue and to its research will address in the impact of foreign exchange policy on the Nigeria co operate depend on foreign input for their production.

1.3 OBJECTIVE OF THE STUDY
This research work focused on the risk associated with fluctuation in foreign exchange rate and its effect the performance on co operate organization in Nigeria. The specific objectives of the study are as follow
I. To exchange the risk fluctuation in exchange rate ac control association with currency management in the multi currency settings.
II. To investigate on the policies one government cc operations have and how effective this policies have been.
III. To appraise the impact of the policy tools on the growth and development of the nation economy
IV. To prefer recommendation based on research finding

1.4 RESEARCH QUESTIONS
I. Does the various exchange policies help their organization in its corporate performance?
II. Does fluctuation in the foreign exchange rate affect your net income?
III. Does profitability of the organization depend of the defendant between the naira and other major currency?
IV. Do you feel the impact of competition in the faces of the development?
V. Does your unit lost fluctuate?

1.5 STATEMENT OF HYPOTHESIS
Base on the research question and objective of study. The following hypothesis stated will be tested.
HYPOTHESIS I
HO: Change in exchange rate and control have dramatic impact on profitability
HYPOTHESIS 2
HI:  Fluctuation exchange rate control is not determine by the manager
HYPOTHESIS 3
H0: Fluctuating exchange rate control does not associate with management of currency in multi currency setting.

1.6 SCOPE AND LIMITATION OF THE STUDY
It is essentially importance to state that the study focus on the general appraisal of the foreign exchange policy in Nigeria has this involve an assessment of how objective realized and attendance respect of the policy.
The research will be in historical and case study research which e limited by insufficient finance, lack of enough time, lack of co operation from the respondent and the case study. This may hinder through research.
However, effort will be made to ensure that the above constraints and limitation do not affect the effective completion of the research work. The time frame and resources of the study. How study will only cover a selected number of co operation organizations with high off store
activities ranging between the years  1986-2005.

1.7 ORGANISATION OF THE STUDY
The organization of the right from chapter one comprises the introduction which is sub divided into six sub section as follows:
Background of the study, statement of the study, statement of research question. While chapter two dealt with the literature review, the third chapter dealt with research methodology and the fourth chapter dealt with data analysis and presentation while the last chapter comprises summary, conclusion and recommendation.

1.8     DEFINITION OF TERMS
EXCHANGE CONTROL: A mechanism by which a country scale site harness its foreign exchange resources and rationalization for the settlement of international indebtedness while ensuring their sale favorable development of the domestic economy activities without diminishing the value of its currency (NWARACTIC 1982)

EXCHANGE RATE: The limit price of a currency in terms of currency of another country.

---

CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "the management of foreign exchange risk and corporate performance in nigeria economy" is also available. Order full work to download. Chapter two of "the management of foreign exchange risk and corporate performance in nigeria economy" consists of the literature review. In this chapter all the related work on "the management of foreign exchange risk and corporate performance in nigeria economy" was reviewed.

CHAPTER THREE: The complete chapter three of "the management of foreign exchange risk and corporate performance in nigeria economy" is available. Order full work to download. Chapter three of "the management of foreign exchange risk and corporate performance in nigeria economy" consists of the methodology. In this chapter all the method used in carrying out this work was discussed.

CHAPTER FOUR: The complete chapter four of "the management of foreign exchange risk and corporate performance in nigeria economy" is available. Order full work to download. Chapter four of "the management of foreign exchange risk and corporate performance in nigeria economy" consists of all the test conducted during the work and the result gotten after the whole work

CHAPTER FIVE: The complete chapter five of design and construction of a "the management of foreign exchange risk and corporate performance in nigeria economy" is available. Order full work to download. Chapter five of "the management of foreign exchange risk and corporate performance in nigeria economy" consist of conclusion, recommendation and references.

 

---

To "DOWNLOAD" the complete material on this particular topic above click "HERE"

Do you want our Bank Accounts? please click HERE

To view other related topics click HERE

To "SUMMIT" new topic(s), develop a new topic OR you did not see your topic on our site but want to confirm the availiability of your topic click HERE

Do you want us to research your new topic? if yes, click "HERE"

Do you have any question concerning our post/services? click HERE for answers to your questions

---

For more information contact us through any of the following means:

Mobile No :+2348146561114 or +2347015391124 [Mr. Innocent]

Email address :engr4project@gmail.com

Watsapp No :+2348146561114

---

COUNTRIES THAT FOUND OUR SERVICES USEFUL

Australia, Botswana, Canada, Europe, Ghana, Ireland, India, Kenya, Liberia, Malaysia, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Singapore, Sierra Leone, South Africa, Uganda, United States, United Kindom, Zambia, Zimbabwe, etc
Support: +234 8146561114 or +2347015391124

Watsapp No :+2348146561114

Email Address :engr4project@gmail.com

---

FOLLOW / VISIT US VIA: