{"id":6376,"date":"2022-11-08T06:03:27","date_gmt":"2022-11-08T06:03:27","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=6376"},"modified":"2022-11-08T09:44:35","modified_gmt":"2022-11-08T09:44:35","slug":"currency-devaluation-announcement-and-share-prices-of-deposit-money-banks-in-nigeria","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/currency-devaluation-announcement-and-share-prices-of-deposit-money-banks-in-nigeria\/","title":{"rendered":"Currency Devaluation Announcement and Share Prices Of Deposit Money Banks in Nigeria"},"content":{"rendered":"

– Currency Devaluation Announcement and Share Prices Of Deposit Money Banks in Nigeria –<\/strong><\/span><\/p>\n

Download Currency Devaluation Announcement and Share Prices Of Deposit Money Banks in Nigeria<\/strong><\/span>. Business Administration students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/b><\/span><\/h2>\n

The sudden announcement<\/em> of the devaluation of the Nigerian Naira to US Dollar by the Central<\/em> Bank of Nigeria (CBN) on the 25th November 2014 has created an intense debate and a great deal of mixed responses among market analysts and the general populace. <\/span><\/p>\n

However, available opinions on the degree of effects such announcement might have on Deposit<\/em> Money Banks (DMBs) stock prices can at best be adjudged as a mere presumption<\/em> and not an outcome of empirical<\/em> investigation.\u00a0<\/span>\u00a0<\/span><\/p>\n

This study empirically examined Naira devaluation announcement of the 25th November<\/em> 2014 and the share prices of Deposit Money Banks in Nigeria.<\/span><\/p>\n

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Introduction<\/span><\/span><\/strong><\/span><\/h2>\n

Background to the Study In all economies, banks are the principal players in the financial market for the intermediation of funds from the surplus economic units to the deficit units for productive and investment purposes and as such, <\/span><\/p>\n

the relevance of Deposit Money Banks (DMBs) in the Nigerian financial system cannot be overemphasized. Taylor (1998) posited that globally, a number of nations had at one time or another devalued their currencies. <\/span><\/p>\n

The main motive for devaluation in most of these countries is that the fixed exchange rate was upheld by these nations over a period of time which eventually became unsustainable.<\/span><\/p>\n

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