TABLE OF CONTENTS

Title page                                                                                    i

Certification                                                                                 ii

Dedication                                                                                   iii

Acknowledgement                                                                       iv

Table of contents                                                                         v

CHPATER ONE

INTRODUCTION

1.1           Background of the study

1.2           State of the problem

1.3           Research question

1.4           Objective of the study

1.5           Research Hypothesis

1.6           Significance of the study

1.7     Scope and limitation of the study

1.8     Plan of the study   

1.9     Definition of term 

CHAPTER TWO

LITERATURE REVIEW

2.1     What is Devaluation?

2.2     Devaluation of Naira

2.3     Condition favoring Devaluation

2.4     Argument Against the use of Devaluation to solve balance of pyament Disequilibrum in Nigeria

2.5     Effect of currency Devaluation on manufacturing company

2.6     Possible solution to currency Devaluation

Reference

CHAPTER THREE

RESEARCH METHODOLGY

3.1     Introduction

3.2     Research Design

3.3     Population Sampling Techinque

3.4     Design of Questionnaire

3.5     Method of Data Analysis

CHAPTER FOUR

PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

4.1     Introduction

4.2     Source of Data

4.3     Analysis of Data

4.3     Result of Findings

4.4     Result of Hypothesis

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1     Summary

5.2     Conclusion

5.3     Recommendation

Bibliography

1.1     BACKGROUND OF THE STUDY

The issue of Nigeria exchange role of currency vis-a-vis other international trade currencies especially the American Dollar and British Pound steeling has become other of the day, many Nigeria that is carrying out business especially those that procure material from abroad. In July '1996 the Federal Government of Nigeria introduced structural adjustment programmer (SAP) to correct defect between balance of payment in both national and international trade.Likewise, on September 1986, THE Second tier foreign exchange market was introduced the rational for setting up the (SF EM) is based on the need of naira via the interplay of market force in July1987, Foreign Exchange Market (FEM) took over from SFEM and later it was changed to Authomous Foreign Exchange Market (AFEM) .The Inter-Bank Foreign Exchange Market (IFEM) was officially introduced 25 of October 1999, to replace AFEM (Autonomous Foreign Exchange Market). On July 22, 2001 the Central Bank of Nigeria re-introduced the Auction method of exchange rate this is because the past the method used has been a failure because the realistic exchange rate of naira is yet to be achieved. However, since the introduction of new exchange rate in 2006, the value of naira or currency to tile United State Dollar has edged downward, further, there has been a widening gap between the parallel markets with the rate in the former is always on the increase. As a result of fundamental increase in exchange rate of Nigeria Currency and those of other countries day-in-day out has resulted in Naira Devaluation