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
Premium Bank Online banking Electronic commerce
IT COUNTRY STUDIED: NIGERIA INTRODUCTION Nigeria‚ officially the Federal Republic of Nigeria‚ is a federal constitutional republic comprising 36 states and its Federal Capital Territory‚ Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. There are over 500 ethnic groups in Nigeria of which the three largest
Premium Nigeria
ASEAN: The integration effect Author: Tim Burroughs Asian Venture Capital Journal | 12 Jul 2012 | 13:03 Tags: Asian development bank | Axiom asia private capital |Southeast asia The Association of Southeast Asian Nations is gradually bringing the region’s economies closer together. Private equity investors stand to benefit but not all businesses are suited to cross-border expansion The trouble-hit euro zone is hardly a poster child for regional economic integration‚ but it has yet to dent similar
Premium Southeast Asia Economic integration Singapore
Unemployment Unemployment occurs when people are without work and actively seeking work. Africa is deeply affected with a high rate of unemployment especially among the youth. Africa is now having the most youthful population in the world with the youth covering close to between 60% and 70% of the continents population. This menace poses great threats to the strength and growth of Africa. Though unemployment is seen manifested all over the world‚ the case of Africa is very dilapidating to say
Free Unemployment
Introduction The expansion of International Trade and the accessibility to foreign stock and debt market has given rise to an increase debate on whether or not there is need to be a global set of accounting standards. As companies compete globally for scarce resources‚ investors and creditors as well as multinational companies are required to bear the cost of reconciling financial statements that are prepared using national standards. It was argued that a common set of practices will provide a “level
Premium International Financial Reporting Standards Financial statements Financial Accounting Standards Board
Effects of Sugar Revolution - Economic During the seventeenth century the pattern of the Landownership changed from small planters to wealthy individuals and the price of land became extremely high as sugar became more profitable in the Caribbean. Previously tobacco and the other cash crops such as corn were produced by small planters on relatively small plots of land between five and thirty acres. In the year 1645 there were approximately 5000 smallholdings in Barbados that mainly
Premium Caribbean Cuba Plantation
THE STUDY Oil price shocks poses a great challenge to policymakers and economist across countries‚ in terms of the increasing spate of fluctuations in oil prices‚ following the two oil price shocks in 1973 and 1979‚ which prompted a decline in the economic activities of major exporting countries. As a result several attentions have been made to study the relationship between oil price shocks‚ stock returns and other macroeconomic variables. Sadorsky (1996) explained that high oil prices reduced output
Premium Inflation
The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
Free Unemployment Employment Jobless recovery
good news for you: according to the New York Times‚ the unemployment rate in America dropped to 7.7% which is the lowest rate in four years. But is this rate low enough? The answer is no. The labor market is far from recovery. There are around 11 million people who still need jobs. Throughout American history of unemployment‚ The United States has experienced 11 recessions since the end of the postwar period in 1948. The U.S. unemployment rate rose steadily from 5% in January 2008 to a peak of
Premium Unemployment
The structural unemployment in the Bahamas Tourism and banking which are the Bahamas’ primary and secondary industries are owned by foreign sectors‚ the gross domestic product is at $3065130000 and total household income is at $1793372500. The Bahamas suffers from Dualism which is the doctrine that reality consists of two basic opposing elements‚ often taken to be mind and matter (or mind and body)‚ or good and evil. There should be a dualism by types of ownership whether a foreign sector or Bahamian
Premium Unemployment Supply and demand Macroeconomics