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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the performances of the agricultural export have decreased dramatically. The agricultural sector‚ which was the major contributor in Nigerian foreign exchange earnings‚ experienced a declining trend after economic reforms programmes (SAP). One of the most important ingredients of reforms programmes which have generated a lot of inconclusive controversies is the movement to flexible exchange rate which first occurred in the developed countries in 1973‚ and much later in the developing countries. The
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INSECURITY IN NIGERIA Underlying the quest for national security in Nigeria is the issue of political morality‚ which focuses on the question of defining the relationship between the state and the various groups in the society. Political morality properly construed seeks to establish and sustain the essential conditions for the smooth functioning of the state and society. It is in this light that we identify the problem of the moral basis of Nigeria’s security to be a vital imperative of national reconciliation
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Poverty is generally accepted as an undesirable condition. However‚ defining poverty is extremely difficult and several definitions exist. According to Dennis brown (1995)‚ He defined poverty as a state in which an ‘‘individual or group possesses less than some standard which has been defined as acceptable”. In the world we live it is generally accepted that there are two kinds of poverty‚ public and private poverty‚ however‚ the focus on poverty in this paper relates to Jamaica and its struggle
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CENTRAL BANK OF NIGERIA Economic Report For the First Half of 2012 CBN Half Year Economic Report for 2012 Central Bank of Nigeria Corporate Head Office 33 Tafawa Balewa Way Central Business District P. M. B. 0187‚ Garki Abuja Website: www.cbn.gov.ng Tel: +234(0)946239701 +234(0)946239702 © 2012 Central Bank of Nigeria ISSN 1597 - 2976 iii CBN Half Year Economic Report for 2012 B e the model central bank delivering price and financial system stability and promoting sustainable
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intermediaries. Number and types of Banks: The number of banks in all now stands at 49 in Bangladesh. Out of the 49 banks‚ four are Nationalized Commercial Banks (NCBs)‚ 28 local private commercial banks‚ 12 foreign banks and the rest five are Development Financial Institutions (DFIs). Sonali Bank is the largest among the NCBs while Pubali is leading in the private ones. Among the 12 foreign
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society. Nigeria with its rather unfair share of the canker worm has as its greatest threat the endemic and malignant nature of corruption. You bribe to get your child into a school‚ you pay to secure a job and you also continue to pay in some cases to retain it. corruption indeed is a bane of any nation. This research work discuses the possible causes of corruption in addition to its effect which seems to rooted in socio- cultural practices and the political and economic realities of Nigeria.
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Part 3: The impact of crises on economic cycles As we have seen‚ economic cycles are dotted with crises. These crises are the causes of the imbalance of the system‚ and they also become a necessity in order to recover. Every great crisis has enabled the states to identify faults and defects of the economy‚ and they are indicative of system malfunction. Thus‚ States learn from their mistakes and make arrangements to avoid another crisis. This is called "purging" of the economic system. This
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little over three decades having past since the major industrial development‚ China has industrialized at an astonishing rate. This is especially apparent when comparing its much higher industrializing rates to Japan‚ the UK and the US. With such high rates of growth‚ there are both negative and positive aspects that come out of such development. Although general health in China is not at its best‚ post 1980 industrial development has improved the average Chinese citizen’s life tremendously both
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usually not included largeorchards (except for banana plantations)‚ but does include the planting of trees for lumber. A plantation is always a monoculture over a large area and does not include extensive naturally occurring stands of plants that have economic value. Because of its large size‚ a plantation takes advantage of economies of scale.Protectionist policies and natural comparative advantage have contributed to determining where plantations have been located. Among the earliest examples of plantations
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