SUMMARY
This project provides a general overview of the Nigerian financial system structure, importance and history over time, over the past three decade, .It was noted that the financial system has undergone significant changes since 1960 in terms of the number and variety of financial intermediaries, the depth and breadth of instruments, as well as the structure of its capital and ownership. This work also articulated the problems of the system and the challenges posed to it in light of the recent happenings going on in the state as we look forward to better days. In chapter one we get to see and understand what it truly means for a country's financial system to be stable, in doing so we mad use of various definition given by economic's scholars, the likes of Andrew Crockett, who defined financial stability as an absence of instability107, John Chant, who defined financial instability as conditions in financial markets that harm, threatens an economy's performs through their impact on the functioning of the financial system108. In living a broader definition of what financial stability entails we looked at key principles of defining financial stability, going further, we get to see the importance of stability in a financial system, we also get to see the elements; what is evidence in a stable financial system; what should we see 107 Crocket Andrew ‘ The theory and practice of financial stability’ (1997)6 E, Newsletter accessed 10 October 2022 . 108 Cart Jein , ‘ Financial Stability as a Policy Goals’ (2003) 15 Alfred Daniel of Canada Report 65 in a financial system before we pronounce it stable, in doing this we made use of the definition of financial stability given by Micheal Foot.109 Coming over to Chapter two, we get to see a detailed explanation of what financial intermediaries entails, using the Nigeria financial system as a sample, we get to see the roles of the financial system, the structure of Nigeria financial system, with detailed explanation of what makes up the country's regulatory bod, going further we get too the evolution of the Nigeria financial system, how and where it all started from an d it progress so far.
