TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Scope of the Study
1.6 Significance of the Study
1.7 Limitations of the Study
1.8 Definition of Terms
CHAPTER TWO:
2.0 Review of Related Literature
2.1 Issues in Bank Survival
2.2 An Overview of the Operating Environment for
Nigerian Deposit Money Banks
2.2.1 The Macro-Economic Environment
2.2.2 Industry Environment
2.2.3 The Regulatory Environment/Legal Framework –
2.3 The Business Process Re-Engineering (BPR) Option
2.3.1 Origin and Meaning of the BPR Concept
2.3.2 Fundamental Breakthrough Required for Reengineering
Services in Banks
2.3.3 Key and Methodology for Carrying Out a BPR Project in Banks
2.3.4 The Role of BPR in the Survival and Sanitizing of the Nigerian
Deposit Money Banks
2.3.5 Positive Effects of BPR To the Banking Sector
2.3.6 The Merger and Acquisition Option
2.3.7 Meaning of the Concept Merger and Acquisition
2.3.8 Legal Issues in Merger and Acquisition
2.4 Synergy: An Efficiency Indicator in Bank Sanitizing
2.5 Nature of Deposit Money Bank in Nigeria
2.6 A Historical Overview of First Bank of Nigeria Plc
2.7 Depressed Economy
2.7.1 Causes of Economic Depression
CHAPTER THREE:
3.0 Research Methodology
3.1 Research Method
3.2 Determination of Population size of the Study
3.3 Determination of Sample size
3.4 Method of Data Collection
3.5 Method of Data Analysis/Interpretations
CHAPTER FOUR
4.0 Data Presentation and Analysis
4.1 Financial Statement of First Bank
Plc for the Month ended 31st March
4.2 Analysis of Total Assets
4.3 Analysis of Total Deposits
4.4 Analysis of Loans and Advances
4.5 Analysis of Profit Before Tax
4.6 Analysis of Shareholders’ Funds
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendation
5.1 Summary
5.1.1 Total Assets
5.1.2 Total Deposits
5.1.3 Loans and Advances
5.1.4 Profit Before Tax (PBT)
5.1.5 Shareholders’ Funds
5.2 Conclusion
5.3 Recommendation
Bibliography
Abstract
Adequate accounting information is essential for the efficient functioning of capital markets and by extension economic growth of a nation. The development of stock market is dependent on the integrity of financial reporting process. Lack of reliable accounting information generates low investment, which invariably affects the economic growth. The objective of this project is to ascertain the link between accounting information, stock market and Nigerian Economy. Simple regression was used to analyze the investors’ reactions to accounting earnings by analyzing changes in share prices of eight companies(four from conglomerate and four from banking sector) for over a period of four years, while correlation between stock market and the Nigerian Economy from 1970-2003 was examined using Cobb-Douglas production function. Empirically, the result indicated that investors reacted to accounting earnings and there was a link between the stock market and Nigerian Economy. The study provides useful insights to all the users of accounting information, especially, the policy makers in Nigeria, operators in the stock market, academics, investors and practitioners dealing with economic development around the world. The study advocates for greater commitment and more efficient accounting system on the part of the preparers of financial statements that will bring about the required reliable accounting data and information which will in turn increase investors’ confidence in Nigerian stock market. The study recommends that Stock market regulators should put in place mechanisms to improve efficiency of the market that can stimulate a speedy economic growth.