MERCHANT BANKS AND EQUIPMENT LEASE FINANCING IN NIGERIA

(A CASE STUDY OF NAL MERCHANT BANK PLC)

By

Author

Presented To

Department of Administration

ABSTRACT

Merchant Banking is a recent development in Nigeria. However, the business continues to be attractive to a quite number of industries. This is so, due to rapid economic changes in the country, that results to high cost of machinery and equipment. As a result. Leasing as a form of financing the acquisition of capital assets has become a favourable option to our industries and very popular among the lessors and lessees alike in Nigeria. The paucity of information on leasing in Nigeria and the general lack of awareness on the part of the public as regards the financing of leasing are factors that motivated this research. This study focused on the financing associated with leasing business and the inherent issue pertaining to such financing. For the study. both the primary and secondary sources of collecting data were used. The primary source of data involved personal contact with the lessors, especially some of the merchant banks in the country. While the secondary sources of data was used mainly for the review of the relevant literature on leasing. viii As non - conventional way of creating funds for capital acquisition, equipment lease financing spread across to different sectors of the economy, mainly manufacturing, agricultural, construction, distributive and service industries. More recently, loan syndication is practice by merchant banks in order to meet the growing need of funds by bigger industries to acquire expensive equipment. This loan syndication provides a means whereby banks pooled resources to finance heavily cost machinery. Therefore, equipment lease financing tends to analyse the lessor - lessee relationship in respect to the type of contractual agreement they entered. Tax aspect, economic and accounting procedures of both lessor and lessee are analysed To integrate series of economic reforms under Structural Adjustment Programme (SAP) and to consolidate further, other Federal Government Policies like Small and Medium Enterprises (SME) Scheme, all increase the desire of our industries to be committed to lease - financing as an alternative means to acquire an asset.


PLEASE NOTE:

That this Material is a Complete Project, Well Written and Contains 1 to 5 Chapters.


Click the download Button Below to Download the complete work. OR Call/WhatsApp Admin on: 09019904113 for Inquiry. Thank You

  • FOR ENQUIRY
  • support@e-projecttopics.com
  • 09019904113

Learn and Obtain Diploma in Web development, Software development, Business, Technology and Creative Skills taught by industry experts. Explore a wide range of skills with our professional tutorials.

About E-Project Material Centre


E-Project Material Centre is a web service aimed at successfully assisting final year students with quality, well researched, reliable and ready made project work. Our materials are recent, complete (chapter 1 to Minimum of Chapter 5, with references) and well written.INSTANT ACCESS! INSTANT DOWNLOAD. Simply select your department, choose from our list of topics available and explore your data

Why Students Love to Use E-Project Material ?


Guaranteed Delivery Getting your project delivered on time is essential. You cannot afford to turn in your project past the deadline. That is why you must get your project online from a company that guarantees to meet your deadline. e-Project Topics Material Centre is happy to offer instant delivery of projects listed on our website. We can handle just about any deadline you send our way. Satisfaction Guaranteed We always do whatever is necessary to ensure every customer's satisfaction

Disclaimer


E-Project Topics Material Centre will only provide projects as a reference for your research. The projects ordered and produced should be used as a guide or framework for your own project. The contents of the projects should be able to help you in generating new ideas and thoughts for your own project. It is the aim of e-Project Topics Centre to only provide guidance by which the projects should be pursued. We are neither encouraging any form of plagiarism nor are we advocating the use of the projects produced herein for cheating.

Terms and Condition


Using our service is LEGAL and IS NOT prohibited by any university/college policies You are allowed to use the original model papers you will receive in the following ways:
  • As a source for additional understanding of the subject
  • As a source for ideas for you own research (if properly referenced)
  • For PROPER paraphrasing ( see your university definition of plagiarism and acceptable paraphrase) Direct citing ( if referenced properly)
Thank you so much for your respect to the authors copyright