Impact Of Financial Reforms On The Nigerian Stock Exchange
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Author | : Ngozi Okonjo-Iweala |
Publisher | : |
Total Pages | : 28 |
Release | : 2007-06-01 |
Genre | : Nigeria |
ISBN | : 9780979037658 |
"Following years of economic stagnation, Nigeria embarked on a comprehensive reform program during the second term of the Obasanjo administration. The program was based on the National Economic Empowerment and Development Strategy (NEEDS) and focused on four main areas: improving the macroeconomic environment, pursuing structural reforms, strengthening public expenditure management, and implementing institutional and governance reforms. This paper reviews Nigeria's recent experience with economic reforms and outlines major policy measures that have been implemented. Although there have been notable achievements under the program, significant challenges exist, particularly in translating the benefits of reforms into welfare improvements for citizens, in improving the domestic business environment, and in extending reform policies to states and local governments." The authors argue that the reform program must be considered as 'initial steps on a long journey'; consequently, they have outlined a number of outstanding issues that need to be addressed by future Nigerian administrations.
Author | : International Monetary Fund. African Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 132 |
Release | : 2013-05-28 |
Genre | : Business & Economics |
ISBN | : 1484304446 |
This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place. However, the regulatory and supervisory framework has gaps and weaknesses. In sum, the Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.
Author | : D. A. Omole |
Publisher | : |
Total Pages | : 52 |
Release | : 1993 |
Genre | : Stock exchanges |
ISBN | : |
Author | : T. O. Antwi-Asare |
Publisher | : |
Total Pages | : 136 |
Release | : 2000 |
Genre | : Banks and banking |
ISBN | : |
Author | : Marc Quintyn |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 352 |
Release | : 2010-01-14 |
Genre | : Business & Economics |
ISBN | : |
Financial sector development in sub-Saharan Africa continues to lag behind the rest of the world, despite some recent positive achievements. There is a growing consensus that financial development fosters economic growth, so why has more not been done to spur financial advancement in Africa? This book is one of the few that tackles the debate of financial development in Africa head on. It stems from the proceedings of a high-level conference organized by the IMF Institute with contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia. The book begins by presenting the reader with compelling theoretical perspectives on the determinants of financial growth, empirical analyses of the impediments to financial growth and overviews of developments in individual sectors. It discusses policy issues related to financial sector stability, regulation and supervision. The final part investigates how specific measures can create room for financial growth, even when the broader institutional framework remains weak. Case studies demonstrate how individual countries have tried to stimulate financial development, or how specific measures, such as the establishment of credit reporting systems, can generate a positive impact on financial growth. Everyone interested or involved in deepening finance in Africa will find information and inspiration in this insightfull collection of papers.
Author | : Ross Levine |
Publisher | : World Bank Publications |
Total Pages | : 32 |
Release | : 1996 |
Genre | : Aumentoa de la produccion |
ISBN | : 6101919153 |
Author | : Ndi Okereke-Onyiuke |
Publisher | : |
Total Pages | : 20 |
Release | : 2002 |
Genre | : Stock exchanges |
ISBN | : |
Author | : Y. Makanjuola |
Publisher | : Springer |
Total Pages | : 263 |
Release | : 2016-04-30 |
Genre | : Business & Economics |
ISBN | : 1137493534 |
This book captures Nigeria's crisis management experience and lessons learnt during the five-year tenure of Sanusi Lamido Sanusi as CBN Governor. It provides a backdrop of the sub-prime mortgage crisis in the US characterised by the Lehman Brothers debacle in 2007-08, which precipitated global economic and financial crisis.
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade |
Publisher | : |
Total Pages | : 72 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : |
Author | : Patrick A. Imam |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2013-10-22 |
Genre | : Business & Economics |
ISBN | : 1484348222 |
The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.