Record Details

Transforming Nigeria Economy through the use of Derivatives

Advances in Applied Economics and Finance

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Title Transforming Nigeria Economy through the use of Derivatives
 
Creator Osuoha, John Ifeanyichukwu; Department of Accounting and Finance
Leeds Business School,
Leeds Metropolitan University,
United Kingdom
 
Subject Derivatives, Economy, Transformation, Nigeria
 
Description This paper evaluates the need for the introduction of organized derivatives market in Nigeria. Derivatives play vital role in the development and growth of the economy through its crucial role of price discovery, market completeness, risk management and market efficiency. It attracts foreign capital flow, reduce cost of capital and will help to deepen the market if introduced. Although Nigeria is rich in natural resources such as oil and Gas and minerals, poor infrastructure, corruption and absence of robust financial and derivatives market has not helped in transforming the abundant resources to real economic gains and transformation. Nigeria’s economic transformation depends so much on developing a deep financial market, coupled with a dynamic derivatives market where most of her natural resources can be traded globally in a competitive and transparent manner.
 
Publisher World Science Publisher
 
Contributor —
 
Date 2013-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/1396
 
Source Advances in Applied Economics and Finance; Vol 4, No 1 (2013); 668-677
2167-6348
 
Language eng
 
Relation http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/1396/1024
 
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