from institutional failures as in the past. In Nigeria‚ the lesson of the earlier bank failures appeared to have been forgotten as generalized distress swept the banking sub-sector and systemic distress gripped the finance house sub-sector. This study assesses the distress phenomenon and empirically analyses the extent of distress in the banking industry as well as the major causes. The study involves over 506 respondents made up of 236 from the banks‚ 160 corporate customers‚ 105 individual customers
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regulations‚ in the same way every economy set out goals‚ which it achieves‚ through various means. Vibratory and fiscal policies are the stimulant to any nation economic development‚ especially with regards to Nigeria. However‚ in this study‚ the attention of this is mainly on the influence of deregulation on banks profitability in Nigeria. The discussion on the deregulation can be effectively carried out without understanding what monetary policy is all about. In this content‚ monetary policy could
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THE PROBLEMS AND SOLUTIONS OF MANPOWER DEVELOPMENT IN NIGERIA. Omotosho Fatimah Olamide Department of Economics‚ University of Lagos INTRODUCTION The development of indigenous manpower to serve as the propelling force for national growth and development is no doubt a key to Nigeria’s socioeconomic and political development. Manpower utilization could be defined as “the existence of skilled
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THE ADVENT OF ICT Information Technology (IT) is the automation of processes‚ controls‚ and information production using computers‚ telecommunications‚ software and ancillary equipment such as automated teller machine and debit cards (Khalifa 2000). It is a term that generally covers the harnessing of electronic technology for the information needs of a business at all levels. Irechukwu (2000) lists some banking services that have been revolutionized through the use of ICT as including account
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are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due to highly undercapitalization deposit taking banks; weakness in the regulatory and supervisory framework; weak management practices; and the tolerance of deficiencies in the corporate governance behaviour of banks (Uchendu‚ 2005). Banking sector reforms and recapitalization have resulted from deliberate
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What are the functions of Development Banks? Describe its Quantitative and Qualitative roles. Solution: Development Banks or Development Finance Institutions (DFI’s) as these are normally called in the financial world are a post World War II phenomenon. Their establishment in Africa‚ Asia and other developing countries in most cases coincided with the attainment of independence. Their mission being “to expedite the pace of development in accordance with the national priorities and aspirations
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1.1 BACKGROUND OF THE STUDY A growing phenomenon in modern company management is the different type of changes affecting the structure of these companies‚ the issue of mergers and acquisition is a relatively recent development in Nigeria. These structural changes may take the form of scheme of arrangement‚ amalgamation‚ take-over‚ merger and acquisition. These are all commercial term or forms of business combination that indicates operation involving substantial changes in the ownership‚ construction
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AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND INVOLUNTARY RESETTLEMENT POLICY PSDU NOVEMBER 2003 TABLE OF CONTENTS Page List of Acronyms Executive Summary 1.0 INTRODUCTION 1.1 1.2 1.3 2.0 Background Policy Rationale Document Organisation (i-iv) 1 1 2 2 REVIEW OF INVOLUNTARY RESETTLEMENT EXPERIENCE AND LESSONS LEARNT 4 2.1 2.2 2.3 Review of Bank Group’s Experience Experience of other Multilateral Development Banks Lessons Learnt 4 6 7 3.0 THE POLICY 3.1 3.2 3.3 3
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investment projects‚ successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However‚ despite the fact that Nigerian banks have undergone series of restructuring/reforms aimed at strengthening the banks’ ability to efficient service delivery and
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ASIAN DEVELOPMEN T BANK ASIAN DEVELOPMENT BANK is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila‚ Philippines‚ to facilitate economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP‚ formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. "HISTORY ” 1962–1972 The concept of a regional bank was formally mooted
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