Open Market Operation as an Instrument of Monetary Policy in Nigeria. (A Case Study of Central Bank of Nigeria (C.B.N))

ABSTRACT

         The topic of this research effort is open market operation as an instrument of monetary policy in Nigeria. A case study of Central Bank of Nigeria (C.B.N). As the title suggest the overall object of the research is to critically examine the Open Market Operation as an Instrument of Monetary Policy in Nigeria growth of economic taking into cognizance. Central Bank of Nigeria (C.B.N). The caller co-operating body (private and public) have detained Open Market Operation in different perspectives. According to Britannica encyclopedia open market operation (O.M.O) is the process which involve the purchase or sales of government securities and some commercial paper by the Central Bank for the purpose of regulating the money in supply and credit conditional basis. Nevertheless, Open Market Operation involve the buying and selling of security from and to commercial bank in other to reduce the volume of money in circulation, if the Central Bank feel that the money in circulation in the country is too small and they want to increase it, they will buy security from the commercial bank, that will increase the volume of money in possession of the public which will be part of money in circulation.

         On the other hand, if the Central bank feel that the amount of money in circulation is too surplus and they want curtail it, it will sell security to commercial bank and the same time reduce their landing power and thereby decreasing the amount of money in circulation in the country. Special attention is paid in the study to the evolution of open market operation in Nigeria. The central bank of Nigeria contribute towards the economic growth and the role of the central bank of Nigeria (C.B.N) set aside towards the creating balance in the money circulating within the country for economic growth and development and the problem facing the open market operation and more shall be examine. However, research of this kind call for a heavy reliance of a number of source, primary and secondary source.

TABLE OF CONTENTS

Title page

Certification

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0   Introduction

1.1   Objective of the study

1.2   Justification of the study

1.3   Scope of the study

1.4   Limitation of the study

1.5   Plan of the study

1.6   Research hypothesis

1.7   Definition of terms of research hypothesis

CHAPTER TWO

2.0   Review of related literature

2.1    An overview of monetary policy

2.2   An overview of C.B.N

2.3   Organization of central bank of Nigeria

2.4   Structure of central bank of Nigeria

CHAPTER THREE

3.0   The design and implementation of monetary

policy instrument under economic crisis

3.1   The economic and policy strategies

3.2   Monetary policy objective and instrument

3.3   Monetary and credit development

3.4   Organization chart of the central bank of Nigeria

3.5   The implementation of indirect monetary control

3.6   Research methodology

CHAPTER FOUR

4.0   The design and implementation of monetary

policy under economic adjustment

4.1   The C.B.N discount window before November 1989

4.2   The liquidity crisis of 1989 C.B.N support

4.3   The discount window post 1989

4.4   Sources of C.B.N economic and financial

review vol. 23 ND1

4.5   O.M.O and another monetary policy instrument

CHAPTER FIVE

5.0   Summary

5.1   Conclusion

5.2   Reference

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APA

RABIAT, T (2022). Open Market Operation as an Instrument of Monetary Policy in Nigeria. (A Case Study of Central Bank of Nigeria (C.B.N)). Afribary. Retrieved from https://afribary.com/works/open-market-operation-as-an-instrument-of-monetary-policy-in-nigeria-a-case-study-of-central-bank-of-nigeria-c-b-n

MLA 8th

RABIAT, TOYIN "Open Market Operation as an Instrument of Monetary Policy in Nigeria. (A Case Study of Central Bank of Nigeria (C.B.N))" Afribary. Afribary, 05 Jan. 2022, https://afribary.com/works/open-market-operation-as-an-instrument-of-monetary-policy-in-nigeria-a-case-study-of-central-bank-of-nigeria-c-b-n. Accessed 20 Apr. 2024.

MLA7

RABIAT, TOYIN . "Open Market Operation as an Instrument of Monetary Policy in Nigeria. (A Case Study of Central Bank of Nigeria (C.B.N))". Afribary, Afribary, 05 Jan. 2022. Web. 20 Apr. 2024. < https://afribary.com/works/open-market-operation-as-an-instrument-of-monetary-policy-in-nigeria-a-case-study-of-central-bank-of-nigeria-c-b-n >.

Chicago

RABIAT, TOYIN . "Open Market Operation as an Instrument of Monetary Policy in Nigeria. (A Case Study of Central Bank of Nigeria (C.B.N))" Afribary (2022). Accessed April 20, 2024. https://afribary.com/works/open-market-operation-as-an-instrument-of-monetary-policy-in-nigeria-a-case-study-of-central-bank-of-nigeria-c-b-n