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MANAGING FINANCIAL “CRISIS’.IN ’FINANCE COMPANIES CASE STUDY OF NIGERIAS’ AGRICULTURAL AND CO-OPERATIVE BANK CONSULTANCY”AND”FINANCE COMPANY LTD AND GURARA SECURITIES’AND-FINANCE COMPANY LIMITED

ABSTRACT

The project study is an empirical exercise taken cognisance of the impact of the Structural Adjusted Programme before and after the deregulation induced programme of 1986 in the finance sector of the economy and specifically Money Market as it affects finance intermediation. The project informs how the SAP programme has altered the components of finance and money market, aggravated stiff competition and unprecedented surge by the finance companies, within the constrained economy characterised by dwindling domestic income, low production capacity socio political instability, economic dislocation, social menance and so on The Banks and other allied financial institutions spurously employed all strategies to survive and curtail the development through innovated marketing and financial strategies; financial products launching, free consultancy services, service delivery and stiff competition led to inter financing among the finance houses. This boosted only cash economy due to lack of aggregrated investment opportunities to correspond growing level of aggregrate deposits. The overall result if that the average Nigerian has choice, and place risk premium on the investible fund among the alternative prompting fund mobilization at the expense of market indicators, leading to inability to renege on commitment – financial obligations. The study is divided into five chapters. Chapter one introduces the study, setting out what it tends to achieve and the importance. Chapter two: visualise the study in retrospective to identify with relevant course and observations. Chapter three looked at the two finance companies operations in broad perspectives. Chapter four revolve round interpretation of data collected using financial indicators and analysis of data gathered on some of the contributories to the crisis while chapter five concludes the study.

TABLE OF CONTENT

Title page- – – – – – – – – i

Approval page – – – – – – – -ii

Dedication – – – – – – – – -iii

Acknowledgement – – – – – – – -iv

Abstract – – – – – – – – – -v

Table of content – – – – – – – -vi

CHAPTER ONE

INTRODUCTION – – – – – – – -1

1.0 Background of the study – – – – -1

1.1 Statement of the problem – – – – -5

1.2 Purpose of the study – – – – – -6

1.3 Significance of the study – – – – -8

1.4 Research questions – – – – – -9

1.5 Scope of the study – – – – – – -10

CHAPTER TWO

LITERATURE REVIEW – – – – – – -11

CHAPTER THREE

Research methodology – – – – – – -39

Design of study – – – – – – – -40

CHAPTER FOUR

Presentation, analysis and interpretation of data – -48

CHAPTER FIVE

Summary of findings – – – – – – -60

Conclusion – – – – – – – – -61

Recommendations – – – – – – – -62

Suggestions for further research – – – – -64

References – – – – – – – – -65

Appendix I – – – – — – – – -68

Questionnaire. – – – – – – – -69

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