ABSTRACT.
This project is a very
crucial study for the off – shore banks to establish a way of financing in
Nigeria. In carrying out this research work I intended to determine the
possibility of off – shore banking operation in Nigeria.
Secondly, whether there is enough multinational firms and corporation to carry
out the function of off – shore banking unit in Nigeria. Finally, it is
possible for the off – shore banking unit in Nigeria and operation to assist
the government financially.
It
was on this base that I the researcher made the recommendation and conclusion
to improve the operational system of off – shore banking unit in Nigeria.
PROPOSAL PAGE.
The basic objective situated under this study
was the evaluation of the study.
“AN EXAMINATION OF
EFFECT OF OFF – SHORE UNIT ON PROJECT FINANCING IN NIGERIA ECONOMY”
This
study is structured into five chapters to make for easy reading and
comprehension.
CHAPTER ONE. An over view of the topic. It contains facts about the background
of the study, statement of problem, significance of the study, objectives of
the study and finally the limitations and scope of thestudy.
CHAPTER TWO. Here is the study of related literature review which used in the
course of these study.
CHAPTER THREE. It dealt with research design and methodology. It rayed my
sources of data. Location of my data and the method I used in data collection
due literature.
CHAPTER FOUR. The summary of my findings.
CHAPTER FIVE. Recommendations and findings. Inview of the findings above it
have been made to help us determine whether the off – shore banking unit can
help the government. Financially and also to determine the possibility of off –
shore banking operation in Nigeria.
PROJECT FORMAT.
CHAPTER ONE
1.1.
Background of the study
1.2.
Statement of problem.
1.3.
Objectives of the study.
1.4.
Significance of the study.
1.5.
Limitation of the study.
CHAPTER TWO
2.1 Review of related
literature.
CHAPTER THREE.
RESEARCH DESIGN AND
METHODOLOGY.
3.1. Sources of data
3.2 locations of data
3.3. Method of data
collection.
CHAPTER FOUR
4.1 Findings.
CHAPTER FIVE
5.1 Conclusion
5.2 RECOMMENDATIONS AND
BIBLIOGRAPHY.
CHAPTER ONE.
INTRODUCTION
1.1 BACKGROUND OF STUDY.
The issue of off –
shore banking has to do with those financial activities that aid international
trade traction and other business activities that off the shore of the entity.
Hence, it include a variety of financing activities like off – shore aids and
grants etc.
However, it has something in connection with financing activities that is
geared towards the raising of funds for financing corporation operation outside
the location or the shore of the country. Wherefore, the issue of development
project and has made a serious challenge to Nigerian banks and other developing
countries as a problem to the U.S investment ( capital market) mostly due to lack
of foreign exchange and off – shore funds to execute her development project.
Effort has be made by Nigerian government and developing countries to borrow
from some of these international financial institutions including the world
bank but the anticipated or excepted result has not been reached.
History made us understand, that Nigerian government effort can be traced back
to the year 1988 which borrowed from world bank for the construction of the
railway extension to borrow under the guarantee of the united kingdom
government. Despite the size of Nigeria as a whole, she still has a problem of
foreign exchange to execute her major project. Hence, the size of a country
does not stand but her or the closeness to the euro – market is what should be considered
important. For example, Bahamas and Caymans they are very small in size but
because of their proximity to the united state investment market, they were to
realize a large sum of off – shore fund for their economic development.
It is
necessary to note at this junction that European residents and corporations
have no problems of foreign exchange for the development of their economy
knowing most of the investment made her in the buoyant American economy.
However, united kingdom is known to be at the center of euro – currency and has
a long tradition of being the main center of traditional finance. Also, another
problem facing Nigeria is how to finance her faulty oil refinery which is due
to lack of off – shore funds for the project. It is this respect that the
provision of off – shore funds in necessary.
Moreover, the term off – shore fund can also refer to a financial institution
which is physically located in a country which provide financial services like
deposit and loans to foreign residents, corporations, and institutions of the
utter exclusion of the country residents, corporation and institutions. Also,
it can be referred to as the operation of a financial institution which has
little connection with that countries financial system. OYEGBA O (2002).
1.2. STATEMENT OF
PROBLEM.
To start with, one of
the problems of the issue of off – shore banking is the problem of foreign
exchange or off – shore funds to execute her various project. Hence, having
this deficiency the country should bear in mind that the proximity or closeness
to euro – market is what really matter, hence should press on how to achieve
that. Another, this is the connectivity to the center of euro – currency which
the United Kingdom.
Finally, the problem of management is also one of the problem facing those
country and that is where the research to yet is directed towards.
1.3. OBJECTIVES OF THE
STUDY.
This research is
objective towards the following.
1. To examine critically
the possibility off – shore banking unit attracting deposit from foreign
residents for our issue in another country.
2. Another objectives of
off – shore banking unit is to help European not only to serve but also to
invest in American companies. This attracting euro – dollar to American
country.
3. The off – shore
banking unit also assist in collecting information about American companies and
their stock prices, volume of trade turnover profit and dividend and further
assist them through procedure of buying shires.
4. finally, the off –
shore banking unit established the euro – dollar services in brussol to cope
with the problems associated with physical shipment of securities, the risk of
paying for a surrending stock and bond transfers.
1.4. SIGNIFICANCE OF THE
STUDY.
One of the significance
of the off - shore banking is the provision of advisory and management
services rendered for foreign residents as well as their customers through
their investment. Management division. It is of prime importance that any
developing countries wishing to establish off – shore banking unit should
abstract herself with such information network. This is an asset and should be
acquired.
Off –
shore banking unit as well borrow from any foreign banks, financial institution
including from foreign office of the home government. It can also borrow from
the parent bank through it has take into account its euro – dollar research
liability and the minimum borrowing period of which in case of united state is
over night.
Off –
shore banking units do lend to foreign residents the foreign officials of the
home countries corporations and the offices in foreign countries or to
the parents banks. As with deposit, the funds involved must have to do with
international or non – home business. In the case of the U.S the foreign
affiliates of a company cannot borrow from an off – shore banking unit to
finance its parents banks, the parent bank has to put up to 3% reserve
requirement on its net euro – currency liabilities OBTOMA (1995).
Department | Banking and Finance |
Project ID Code | BFN0215 |
Chapters | 5 Chapters |
No of Pages | 29 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |