Select Currency
Translate this page

THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA

Format: MS WORD  |  Chapter: 1-5  |  Pages: 75  |  801 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

CHAPTER ONE

INTRODUCTION

1.1  BACKGROUND TO THE STUDY

International trade is the exchange of goods and services between countries including business enterprises and individual domiciled in different countries of the world. The exchange of goods and services through international trade does not only enable a country to produce these goods and services for which if is best suited, based on its natural endowments (e.g. fertile soil, mineral resources, climate) but also allow a country experiencing. Acute domestic, shortage (resulting perhaps from bed harvest, draught e.t.c) to remedy the situation through importation. Thus, it has been said that international trade cannot be gain said.

Natures of world are not self sufficient. They rely on each other for the supply of what they lack. Thus, natures exchange what they have with what they do not have. International trade can be bilateral or multilateral. If it is bilateral it means such trade is between two countries only e.g Nigeria exchanges her crude oil with Britain and in return. Britain gives her manufactured goods to Nigeria such as building materials, tires, foods, item etc. when a trade is multilateral; it means such trade involves more than two countries. It can be trade between U.S.A, Nigeria, Switzerland and India. Trade could be tangible or intangible. Tangible goods are physical or visible good and intangible goods are invisible goods, such as shipping, banking, insurance etc. 

The country economy today is dominated by oil sector, which accounted for over 90% of Gross Domestic Product (GDP) before the increase in the price of oil in the early seventies, agricultural produce are used to finance the immediate post independence development programmed for this reason, Nigeria has since the attainment of independence been at the vanguard of exportation of goods and services subsequent to the discovery of crude oil. It is noteworthy that little was know by economic Plaines about export promotion, financing and activities were limited to a range of agricultural commodities and these solely financed by the marketing board. In industrial sector, import substitution was the cornerstone of industrialization policy. The policy whose main objective was to offer protection to in faint industrial, replace imported goods and there by conserving foreign exchange. 

The economic problem could be traced to the world economic depression. The fall of our export was due to the mono-product nature of external trade. Misplacement of priorities by our leaders and frivolous spending pattern of the civilian administration causes by money illusion we had over the years and this led to unemployment problem low production and services which brought about difficulties in balance of payment with all the problem the country them realized the need to look beyond the oil sector for the purpose of generating more earnings an exports. It is for these reasons that the Nigeria Export Promotion Council (NEPC). Nigeria Export and Import Bank (NEXIM), Nigeria Association of Exports (NAE) were established to improve the differences between the exporters and importers. It could be recalled that one of the major specific objectives of structural adjustment programme (SAP) introduced in 1986 was to restructure and diversify the productive base of the economy in order to reduce the dependence on oil and imports. In strong attempt to lay a foundation for the promotion of non-oil exports, the government promulgated export incentive and miscellaneous provision decree which was designed to enhance the exportation of non-oil products from the country. 

The introduction of second – Tier Foreign Exchange Market (SFEM) marked the beginning of aggressiveness in non-oil export marketing in Nigeria and the assumption of change in export financing activities by banks. There is no doubt tat the high prices arising from the new exchange rates been an important factor in stimulating agricultural sector, which has a big potentials for increasing agricultural production for export in particular. The prices of major agricultural produce have increased since the adjustment was started. The history of banking then gradually spread and become substantially involved in financing the product marketing of the companies.

The services the universal bank offer to the customer, government and the society at large include lending, acceptance of deposits, bill discounting and from exchange transaction to meet the universal and industry. Among the services includes the provision of working capital requirement, short, medium and long term loans, foreign exchange transactions involving letter of credit, documentary collecting etc. Bankers’ letter now gone beyond the provision of banking services to corporate services. The corporate financial services offered by bank range from capital issue, loan syndication to equipment lending forfeiting acceptance credits, availing, bonds, guarantees and indemnities, etc. in this way, bank can as part and parcel be included in the history of international trade finance in Nigeria.   

PURPOSE OF THE STUDY

It is established fact that there is need to promote exportation so as to make Nigeria economy export oriented to ensure balance of trade, but importation can not be absolutely discourage because some goods (e.g. heavily duty machine, chemical etc.) have to be imported so as to facilitate produce for exportation. It is in line with this and the desire to respond to economic problem that this project is set dig deep into roles of universal bank in development of export and import of goods and services to point out the factors or risks militating against the maximization of the objectives or gains arising from international economic activities, and possible solution to these critical budget factors and the trade facilities and incentives put in place by the government in supporting the Nigeria bank in financing international trade.

1.3   STATEMENT OF PROBLEM

The purpose of this study is to ingidre into the Nigeria Economy and in so doing, the following will be analyzed.  

Hi: That the value of Nation’s Currency has an impact on the International Trade. 

Hi: That a highly international trade financing will be affected by interest rate risks. 

Hi: That the exchange regulation of the countries concerned highly affects international trade 
finance.   

Hi: That these inflation rate and partly conditions have great impact on International Trade 
finance.  

Hi: That the International Trade finance has effect on the banks. 

Hi: That the International Trade finance should be encouraged.

SIGNIFICANCE OF THE STUDY

This study will go a long way in revealing to the general public/importers and exporters the importance of International Trade finance, to achieve this: 

The research will ensure and facilitate replication.   

It will enlighten the students as well as the general public about the various service that universal have at their disposal in International Trade Financing.

It will reveal to the general public/importers and exporters of the various risks that is attached to International Trade and how they can get access to these incentives and facilities.     

It will add to the numerous materials in the library as well as widen the horizon of the general public.

It will cover major aspects of international finance in perspective in order to exposing the major details of international finance activities for the purpose of a systematic appraised of the skills required of an ideal finance mangers that can entrusted with the full responsibilities of the foreign operation of an enterprises.

1.5   SCOPE OR DELIMITATION OF THE STUDY

It is necessary at the on set to delimit the scope of this study. The research work will be careful to the importance of international finance, factors affecting finance of International Trade and the possible remedies, the roles of universal banks in international Trade financing, currency transfer mechanics methods of setting international transaction and inter bank financial instruments.

1.6   LIMITATION OF THE STUDY

The researcher intends to have in the course of the study an over view of finance of International Trade financing and the incentives and facilities provided by the government to facilitating  international finance. In the course of carrying out this study, the researches are as follows: 

TIME: - The researchers tight schedule which he must also use for the other alternative such as daily lectures and non academic activities count a lot for the researchers ability to get needed materials and information for the research work. 

FINANCE: - It is the economic main source of power of everyone in any undertaking owing to financial constraints faced by the researchers hews could not get all the necessary materials.

  DOWNLOAD THE FULL PROJECT

THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for THE ROLES OF UNIVERSAL BANKS IN INTERNATIONAL TRADE FINANCING IN NIGERIA, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!