INTRODUCTION 1.1 BACKGROUND OF THE STUDY Standard trust bank PLC commercial operations in August 1997 as a commercial bank with five business offices driven by a board of directors, a management team and staff focused on revolutionizing the Nigerian banking industry. Following the resolution of the board of directors at an extra-ordinary general meeting on 19th July 2002, the bank because a public limited company (PLC). From the humble beginning, they have been able to record modest ach...
1.1BACKGROUND OF THE STUDY Man, Since the past ages, has been battling with procurements of a reasonable standard of living and the ways of managing his perpetual inadequate. The eventful development of organised Society had to the Institution of government. During the 15th Century, when mercantilism was the order of the, government had right to interfere with the economic process to protect the interest of the nation (as then seen mainly from the view point of international trade) “I...
INTRODUCTION 1.1BACKGROUND OF THE STUDY As competition between businesses geared up, if becomes imperative to turn, attention to customers needs and wants which are naturally insatiable. The marketing concept arose to challenge all other previous concept. Orjih (1998) in his book “Seminar in Banking and finance.” Concluded that marketing concept holds the key to achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfac...
ABSTRACT This study is on the computer age and it’s impact on financial institutions. In other words, it reflects on the difference between when the use of manual machine was passed out and when the modern technology computer was introduced whether there is any improvement 0as regards the success in settlement of claims arising. The researcher vigorously and extensively studies the extent to which typical Nigeria financial institution made use of computer in the operational system of some o...
ABSTRACT The central bank of Nigerian (C.B.N) started full-scale operation on 1st July 1959, and since its inception like most of the central bank the world over, performs certain national and international functions one of which is the management of foreign debt. So this project examines the role of CBN in the management of foreign debt. A lot of problems engulfed the central bank of Nigeria which trying to carry out this function ranging from inadequate reserves to over increasing imports b...
INTRODUCTION I.IBACKGROUND OF THE STUDY Before the establishment of the Central Bank of Nigeria the West African Currency Board (WACB) which was established in 1912 had the responsibility for issuing legal tender currency. The WACB was set up to promote the financing of the export trade. It was the duty of WACB to issue West African currency. The exchange of existing currencies and the investment of reserves. The reserve were invested in Britain and this is in a way facilitated Nigeria’s in...
INTRODUCTION 1.1BACKGROUND OF THE STUDY One important factor affecting the level of economic activities in any economy is change in supply. These changed affects directly the rate of spending by the citizen of the country. It is therefore, because of the economic importance of monetary that the monetary authorities has devoted time and resources towards money management with a view of reaping the benefits inherent therein. The credit guideline, which is my topic of study, has formed the a...
ABSTRACT The banking business has experienced structural changes over the decades like other business. The government continually encourages the expansion of the services rendered by bank and also facilities both in the urban and rural area. In other to provide comprehensive banking in the country. Banking has been in existence as far back 2500 B.C. Nigeria Government intervention began in 1975 where the military government restructured and Nigerianised in stages in the banking system. It has...
ABSTRACT The significance of the service industries in the economic development of Nigeria cannot be undermined. However, liquidity problems constitute a major constraint on the development of this industry. This study addresses the practical measures in the service industries needs to adopt and effectively manage their liquid resources especially taking cognizance of the current economic recession in the country. This study shows that economic recession and over investment in stock are the m...
ABSTRACT Fraud is an awful phenomenon, which like a vein has invaded Nigeria banking industries and the society in general, and puts any organization that it comes into in a state of liquidation. This study highlights the bank fraud, extent of fraud in banks, effects of bank fraud, detection, and presentation and control measures adopted by management to check fraud incidents. This study highlights the nature and various types of fraud, causes of bank fraud, extent of fraud in banks, effects ...
ABSTRACT The prudential guidelines for licensed banks which are based on globa banking standards, imposed far-reaching requirements in the classification of risk assets and provision for bad and doubtful debts. Since its introduction in November 1990 the implementation of the guidelines has had a profound impact on the operations of banks. In this project, the researcher has succeeded in identifying the features of the prudential guidelines as well as its impact on published financial stateme...
ABSTRACT New products are developed in the Banking industry to meet the ever-growing needs of customers. In this research work, the research choose four of the products, measured the extend to which they have been able to satisfy the customers. The products selected are SMALL CARD, INTERNATIONAL MONEY TRANSFER, EDUCATIONAL SCHEME AND INTEGRATED BANKING NETWORK TRANSACTION. Data collected through questionnaire are presented in tabular form and percentages and pie chart are needed to analyze th...
ABSTRACT Through the instrument used in monetary policy help us by the control of inflation in an economy. This to know the control of inflation using central bank of Nigeria monetary policy. Hence, this research work was focused on the investigation of the control of inflation by using central bank of Nigeria monetary policy. In carrying out this study, various research instruments such as questionnaires and oral interviews were used to collect data from respondents. The research design and ...
INTRODUCTION 1.1BACKGROUND OF THE STUDY Banks have been credited generally with enviable role of being a very crucial source of funds for the development of the economy. This recognition largely comes from the roles assumed by most banking institution in mobilizing deposits and channeling funds toward feasible and viable ventures. The size and level such profitable ratchet along with either complimentary factors contribute to economic well being of the country in which the bank is situated. C...
ABSTRACT The study was carried out to find the efficiency of banking activities with the application of computer. Attention was directed on the relationship between the contributions of computer application towards banking activities in the economy. The scope of the work was not all the wide, but the study was able to come up with face that banking sector, improves tremendously with the computer. It is of great importance of both the ministers and the researcher since it helps to find whether...