TABLE OF CONTENT
Title
Table of contents
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background of study
1.2 Statement of the problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Research Question
1.6 Scope of the study
1.7 Definition of terms
CHAPTER TWO
LITERATURE REVIEW
2.1 The Origin of Global Meltdown
2.2 The coming economic meltdown in Nigeria
2.3 Causes of Economic Recession
2.4 Nigeria Banks and Capital Market
2.5 Nigeria: How Economic Meltdown is affecting
2.6 The Global Economic meltdown and Banking
in Nigeria
2.7 Panic comments of the banking sector
2.8 Summary of literature review
CHAPTER THREE
3.0 Research Methodology
3.1 Brief outline of the study
3.2 Design of the study
3.3 Area of the study
3.4 Population of the study
3.5 Sample of the study
3.6 Instrument for data collection
3.7 Validation of instrument
3.8 Distributions and retrieval of the instrument
3.9 Method of data analysis
3.9 Method of data analysis
CHAPTER FOUR
PRESENTATION AND DATA ANALYSIS
Discussion of the findings
CHAPTER FIVE
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
5.4 Suggestion for further research
5.5 Limitation of the study
References
Appendix
Questionnaire
ABSTRACT
Both developed and developing countries around the world have been worried over the effect of the global financial crisis on their local economics. One would have noticed that Nigeria is not exempted from the crisis. This is the major reason why this project was embarked upon to ascertain the effects of this global financial crisis on our economy but with the banking sector as our case study. The problem caused by this global financial crisis on our economy and especially the banking sector cannot be over emphasized. The problems typically include increase unemployment, decreased consumer and business spending, declining stock prices, depreciation of naira against foreign currencies, sharp fall in the prices of shares and many more. The purpose of this research is to evaluate the effect of this global financial crisis on the banking sector and economy at large. For the purpose of this, this research, the method of questionnaire was used for data analysis was percentage formula and any percentage that is more than fifty (50) percent is accepted while below is not. The finding were that the crisis has really affected the Nigerian banks negatively and the Nigerian stock exchange as well, because of the trend continue, i am afraid most of them will go out of the business. Recommendation was also given that the economy should be diversified and that the activities of these banks should be checked to prevent mismanagement.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Without being told every one whether educated or not would have understand by now that something is terribly wrong with the economy of the nations of the world, the center in the media of every nation both national and international. The pertinent questions one may ask are, what is it all about? How did it come about? How are we affected as an individual and as a nation? How is one nation and the world responding to it? How can we find our way out of the problem caused by the crisis?
Economic meltdown is a situation where the economic activities of a nation is totally paralyzed and recessed.
According to Onuigbo (2007) economic meltdown could be called economic “go slow” just as traffic I am bring vehicle movement to a half, so does economic meltdown literally bring an economy to a stop. The resultant effects are many.
Broadly defined, a recession as a downturn in a nation economic activity. The consequences typically include increased unemployment, decreased consumer and business spending and declining stock prices.....================================================================
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