IMPACT OF NON-BANK FINANCIAL INSITITUTION ON THE ECONOMIC DEVELOPMENT OF NIGERIA
Abstract
ABSRACT
The purpose of this study is to examine the impact of non-Bank financial institution in the economic development in Nigeria (NBFIS). The survey research design was adopted through questionnaires. The impact of non-bank financial institution in the economic development of Nigeria was analyzed using chi-square method. The study show that this non-bank institution often loosely regulated and introduce an excessive level of risk into the global economy. Hence, policy makers may need to consider more timely and effective regulation of NBFIS and insure that adequate all financial market participants.
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