Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University‚ Ile Ife‚ Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate. It has caused many banks to collapse‚
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KEY SUCCESS FACTORS IN THE BANKING INDUSTRY. A key success factor is the thing that most affects the ability of a company to succeed in the market. A company must develop competence on its industry’s key success factors if it has to remain successful. Sound strategy incorporates efforts to be competent on all key industry success factors and to excel on at least one factor. The key success factors in the banking industry include: 1) Management – Management plays a key role in ensuring
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INTRODUCTION Banking reforms have been an on going phenomenon around the world right from the 1980s‚ but it is more intensified in recent time because of the impact of globalisation which is precipitated by continuous integration of the world market and economies. Banking reforms involve several elements that 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
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2. Analysis of Supply Dynamics Issues When we talk about supply in terms of the banking sector‚ we talk about supply of funds that the bank can loan. This supply of loanable funds come mainly from the customers themselves in the form of deposits. The demand section of this report discusses in-depth about the deposits from the market. This section is used to address the macro-economic aspects of the supply of funds including the money supply of the country‚ major contributors in the supply dynamics
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Why quality customer service is more important in banking industry? Behaylu W.Deneke Most‚ if not all‚ private commercial banks in Ethiopia use almost the same marketing approaches to attract customers. They develop the traditional banking products and open branches everywhere then promote their branch and Products aggressively on the traditional channel. Before going to the detail let me differentiate between bank product and bank services. The bank products are deposit‚ borrowing or other
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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charity because they feel that their lives have more depth and one good decision leads to another. Peter Bognanni demonstrates this philosophy vicariously through Sebastian‚ Janice‚ Jared‚ and Meredith‚ who are characters in his novel The House of Tomorrow. As a comparison‚ Bognanni includes Nana‚ Sebastian’s grandmother who forces Sebastian to do everything she thinks is correct. Nana is focused on her needs and neglects Sebastian entirely‚ and as a result she does not grow as person. As Sebastian
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BANKING Definition of Banking: According to Crowther‚ a bank "Collects money from those who have it to spare or who are saving it out of their incomes‚ and it lends this money to those who require it." In the words of Kinley‚ "A bank is an establishment which makes to individuals such advances of money as may be required and safely made‚ and to which individuals entrust money when not required by them for use." According to John Paget‚ "Nobody can be a banker who does not (i) take deposit
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The story for which the Tomorrow-Tamer volume is named is an effective account of the devastating effects wrought in the life of an African village by the construction of a bridge. On a superficial level the bridge would seem to be a self-evident metaphor for the unification of opposites‚ a visible token of the "new song" to which Africa must dance if she wishes to progress‚ symbolizing the overcoming of all the existential and cultural barriers represented — as in This Side Jordan — by the river
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A Fable for Tomorrow The moment I read the first paragraph‚ I immediately was able to picture everything that the author had described in the piece. This story has spiked my curiosity and I would like to read the book to know more on what happens in this story. What the author writes about could actually become a reality some day. But overall‚ this was a great story and it really made the reader feel as if they were going through the beauty and tragedies. Maman and America This was a good
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