THE MONETARY POLICY OF THE CENTRAL BANK OF NIGERIA

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INTRODUCTION

As a catalyst in the process of economic growth and development, the Nigeria financial system has become increasingly deep broad and sophisticated in structure. Over the last few decades in Nigeria financial system has undergone remarkable changes in term of ownership structure, the depth and breath of instruments employed the number of institution established, the economic environment and the regulatory framework within which the system operates.

This project is aim of enlightening the reader or the Nigeria financial system with particular reference to its structure, operation and recent development.

TABLE OF CONTENT

TITLE PAGEi

APPROVAL PAGEii

DEDICATIONiii

ACKNOWLEDGEMENTiv

TABLE OF CONTENTv

CHAPTER ONE

1.1Introduction1

1.2The concept of monetary policy2

1.3Technique and instrument of monetary policy3

1.4Liquidity management in monetary policy7

1.5Administration of monetary policy in Nigeria8

CHAPTER TWO

2.1The establishment of the central bank of Nigeria10

2.2The objective and organization of Central Bank12

2.3The reason for the establishment of Central Bank20

2.4The function of Central Bank of Nigeria21

CHAPTER THREE

3.1Summary26

3.2Conclusion28

3.3Recommendation29

BIBLIOGRAPHY30

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THE MONETARY POLICY OF THE CENTRAL BANK OF NIGERIA

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