THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
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INTRODUCTION: Nigeria‚ a nation endowed with natural‚ human and capital resources with a population of over 160 million people an estimated growth rate of 4.65 percent and covers 923.8 thousand square kilometers‚ about the size of California‚ Nevada and Arizona states in the United States‚ (Usman‚ 2007). Nigeria as a country‚ is the eight largest oil exporting country in the world and its oil reserves are estimated over 1000 trillion cubic feet (Usman‚ 2007). It is unfortunate that a country with
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language is not the only means of human communication‚ it is the most important and organized’ means of human communication. But let us also note that language performs some other functions apart from communication. As you proceed in your B.A. Education (English) programme‚ you will become familiar with the numerous functions of language. But meanwhile‚ let us go back to the definitions of language cited earlier on. Study the definitions again and identify any features that are common to them
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The dwindling quality of education in Nigeria is a cause for great concern and also calls for a prompt action by all stakeholders to salvage the trend. The current situation is‚ to say the least‚ disheartening. A lot of computer science graduates of Nigeria’s tertiary institutions‚ for instance‚ fail recruitment tests for their inability to switch on a PC. Some of them are obviously getting to touch such machines for the first time. Mass Communication graduates struggle to make simple and correct
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The debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the living
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CHAPTER ONE 1.1 INTRODUCTION The interest in poultry and poultry products have grown tremendously in the last 20 years faster than other food-producing animal industries on how the bird products are produced‚ processed‚ consumed and marketed. Almost every country in the world has a poultry industry of some kind. The biggest challenge of commercial poultry production is the availability of good quality feed on sustainable basis at stable prices. In spite of this challenge‚ commercial poultry production
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described customary law in various ways. Okany: in “The Role of Customary Courts in Nigeria” described customary law of a community as a ‘body of customs and traditions which regulate the various kinds of relationship between members of the community. Obaseki‚ J.S.C. (as he then was) in the case of Oyewumi v. Ogunsesan defined customary law as follows: “The organic or living law of the indigenous people of Nigeria regulating their lives and transactions‚ it is organic in that it is not static.
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What’s the historical development of guidance and counselling in Nigeria? African nations are in a hurry to educate citizens in order to modernize and enhance their social‚ economic and political development. The concept of guidance and counseling‚ although relatively new in Africa has been embraced by most developing nations with enormous enthusiasm. This is because counseling is being regarded by most nations as an educational service through which efficient manpower for development can be attained
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Assessment of the Business Environment in Nigeria THE NATIONAL DIAMOND Factor Conditions: Despite Nigeria’s substantial natural resources its infrastructure is inadequate‚ particularly its road and electricity networks‚ which are a significant obstacle to economic growth. Only 30% of the population7 has access to electricity and only 31% of the road network is paved. Shortcomings in operations and safety have given both the ports and air space a reputation as the most unsafe in the region
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Strike as a social problem can first be traced to the disfunctioning of the society when looking at it from the functionalist perspective. Functionalism which is one of the perspectives of studying the society was developed in the 19th century‚ it’s a framework for building theory that sees society as a complex system whose parts work together to promote solidarity and stability. This approach looks at society through a macro-level orientation‚ which is a broad focus on the social structures that
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