APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK PLC NIGERIA) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system‚ banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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ICT AND YOUTH DEVELOPMENT BY DENNIS JOSEPH AGBA DEPARTMENT OF COMPUTER SCIENCE/PHYSICS FEDERAL COLLEGE OF EDUACTION‚ OBUDU‚ CROSS RIVER STATE. BEING A PAPER PRESENTED AT THE ANNUAL INTERNATIONAL YOUTH AND STUDENTS’ ECONOMIC FORUM THEME: THINK LOCAL‚ ACT GLOBAL & BE THE GLOBAL ECONOMIC SOLUTION HOLDING AT UNIVERSITY OF LAGOS MAIN AUDITORIUM AKOKA‚ YABA LAGOS‚ NIGERIA. FROM 24TH-27TH – JUNE‚ - 2013 ABSTRACT In our contemporary society‚ the promise of every democratic government
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securing the financial system of any economy. The Central Bank of Nigeria‚ led by its Governor Sanusi Lamido Sanusi‚ has put forward a policy requiring that all cash withdrawals and deposits be set at a daily limit of a maximum of N150‚ 000 while pegging that of corporate entities at N l‚ 000‚000‚ with penalty fees of N100 per extra Nl‚ 000 and N200 per Nl‚ 000 imposed on individual and corporate defaulters respectively. The Central Bank of Nigeria’s reasoning behind this policy could be because
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sector of the economy. They are one of the biggest single causes of bank failure and distress in the Nigerian banking system. This study therefore sets out to find the common types of bank fraud that are frequently carried out in the banking system‚ the underlying causes‚ level of staff involvement‚ consequences and possible means of ameliorating the problem. A sample of 100 respondents taken in Benin City‚ capital of Edo State‚ Nigeria was studied by means of field survey tool of questionnaire and the
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The impact of ICT on accounting practice in Nigeria CHAPTER ONE Introduction 1.1 Background of the study In the recent past centuries‚ before the inception of Information and Communications Technology (ICT)‚ the accountants of an organization were using a socially acceptable behavioural method of reporting accounting and economic reports‚ carried out during accounting year ends‚ the preparation of accounting records‚ book such as the profit and loss account‚ the balance sheet
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TITLE: ICT‚ Youth and Electoral Process NAME: ODEKANMI Benedicta OCTOBER 2010 “Great Nigerian Students … Great”. This is no doubt the way Nigerian Students in Universities‚ Polytechnics and Colleges of Education greet themselves in social gatherings and the likes. And they make a great number of the youths but who is a Youth? A Youth could be described as someone between childhood and maturity stage in his development. This implies a youth is someone
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The Effect Of Bank Consolidation On The Performance Of Banks In Nigeria Edit Article ------------------------------------------------- Top of Form Bottom of FormCHAPTER ONE 1.0 BACKGROUND OF THE STUDY The recapitalization and consolidation exercise in the banking industry by the former Central Bank of Nigeria Governor‚ Professor Charles Soludo has necessitated the need for different organization to engage in corporate Consolidation (mergers and acquisition). The concept of recapitalization
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ICT and Business Development In line with the main priorities set by the URBACT Information Society Network‚ this theme focuses on business development and the role of ICT as a means of tackling economic restructuring and promoting employment and in doing so fostering social cohesion and economic inclusion. The purpose of this brief document is to act as a guide for colleagues when preparing material or presentations on this topic and to provoke discussion on the issues raised in it. Business
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shareholders may increase to considerable extent. The term profitability refers to the ability of the business organization to maintain its profit year after year. The profitability of the organization will definitely contribute to the economic development of the nation by way of providing additional employment and tax revenue to government exchequer. Moreover‚ it will contribute the income of the investors by having a higher dividend and thereby improve the standard of living of the people. In
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