IMPACT OF FOREIGN EXCHANGE CONTROL ON BANK PERFORMANCE IN NIGERIA

      ( A CASE STUDY OF FIRST BANK OF NIGERIA)

                                                                        BY

EKPE MICHAEL IFEANYI

                                            MATRIC NO: EKSU/EPE/12/0056

A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING FACULTY OF EDUCATION,  EKITI STATE UNIVERSITY, ADO EKITI. IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF BACHELOR OF SCIENCE (ED) IN ACCOUNTING

                                                                                                       DECEMBER, 2017

                                             CERTIFICATION

This is to certify that this study was carried out under my supervision by Mr. Akano and has been approved as meeting the requirements of the faculty of Education, Department of Accounting, University of Ado-Ekiti Nigeria.

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________________                                                                _______________

Mr. Akano K.                                                                                          Date

Supervisor

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Mr. Adebosin W.G                                                                          Date

________________                                                                _______________

Dr. O.A. Viatonu                                                                                       Date

Directorate of Degree Programmes

________________                                                                _______________

External Examiner                                                                          Date

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                                                DEDICATION

This research work is dedicated to God the Almighty for His grace, strength, the ability and most importantly the direction during my period of study.

          Also, in memory of my late father, Mr. Ekpe. May his soul rest in perfect peace (Amen).

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                                       ACKNOWLEDGEMENTS

I express enormous appreciation to Almighty God, the protector for spearing my life and making my degree programme a successful one. Am very grateful and appreciative of those who contributed in no small measure either directly or indirectly to the successful completion of the research project.

Firstly, I thank my supervisor, Mr. Akano for his support and good suggestion, fatherly advice, and kindness in reading this paper before final presentation. Kudos to you sir, Heaven is your reward.

I also appreciate my departmental lecturers Mr Adebosin W.G, Mr Ayanwole A.A, Mr Oyewole, Mr Oluwo, Mr Adeyemi A.P etc for their love, reasonable advice, sound academic, moral teaching and assistance.

Heartily, I appreciate my parent, Mrs Ekpe Rosemary Ginka for her full support in the success of my education, an enormous thanks to you (mum). I pray you will eat the fruit of your labour.

My sincere appreciation goes to my elder brother, Adebola Ogunlana, a great thanks to you sir for your moral advice and correction and unending support toward my educational career.

My special thanks goes to my closest friends; David Eucharia, Alelamole Precious, Tunde, Ebunu Blessing for their support and assistance toward my education.

I will not forget to appreciate my hostel mates; Akpan Nsikak, Oguntunwase Oluwabunmi, Adigun, Kemi, Wunmi, Dami, Lolade, Tilewa and Biggy,

I also appreciate the efforts of Omotoprecious Ventures in the typesetting of this research study.

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                                                ABSTRACT

The objective of this study was to establish the control and implication of foreign exchange transaction on bank performance in Nigeria using First Bank Plc as a case study. To achieve this, the study was analyzed in five chapters. It made use of both primary and secondary data obtained from articles, journals, magazines of First Bank Plc. To data was analyzed using both descriptive inferential statistics such as questionnaires. The study revealed that most of the banks in the Nigeria have related problem in control which has heavy implications on foreign exchange transaction. The study provided empirical evidence to support that foreign exchange transaction has impact on banks net earnings in Nigeria.

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                                                TABLE OF CONTENT

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENT

CHAPTER ONE: INTRODUCTION

1.1  background to the study                                                              1

1.2  statement of the problem                                                             5

1.3  Scope and Limitation of the Study                                                       5

1.4  Research Questions                                                                     6

1.5  research Hypotheses                                                                             6

1.6  significance of the study                                                              7

1.7  Definition of Terms                                                                     7

CHAPTER TWO: LITERATURE REVIEW

2.1     Introduction                                                                                      9

2.2     Capital Market and Economic Growth                                   19

2.3     Conceptual Framework                                                           31

2.4     Empirical Framework                                                             35

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2.5     The measure and Types of Banking Risk                                41

2.6     Exchange Rates                                                                       44

2.7     empirical framework                                                               25

CHAPTER THREE: RESEARCH METHODOLOGY

3.1     Research design                                                                       48

3.2     Population of the Study                                                                   48

3.3     Sample and sampling techniques                                            49

3.4     Sources of Data Collected                                                       49

3.5     Research Instrument                                                                50

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1     Returns of Questionnaire                                                                  51

4.2     Data Presentation                                                                    51

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATION

5.1     summary of Findings                                                              65

5.2     conclusions                                                                              65

5.3     recommendations                                                                    66

REFERENCES                                                                                 68

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APPENDIX          I                                                                                    72

APPENDIX II                                                                                   74                                                                       

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