By the powers of the central bank of Nigeria, the whole economy and especially the financial sector is being regulated and overseen. This gives Nigerian financial sector, hence the banking sector a sound environment in which the banks and other financial sector actors performed well even during the recent economic down turn.
Essays on Banking Sector Development and Economic Growth in Developing Economies by Naima Parvin A Thesis submitted in fulfilment of the requirements for the Degree of Doctor of Philosophy of Cardiff University Economics Section of Cardiff Business School Cardiff University January 2011.
The banking sector is the engine of any nation's economy. The economic status of any nation depends on how stable their banking industry is. In other words, any issue that affects banks also has an impact on the economy of the nation (Kanu, 2016). In Nigeria, commercial banks have been the custodians of government funds. The banking system in.
The Impact of Information Technology in Nigeria’s Banking Industry 1Oluwagbemi Oluwatolani 2Abah Joshua and 3Achimugu Philip Abstract-Today, information technology (IT) has become a key element in economic development and a backbone of knowledge-based economies in terms of operations, quality delivery of services and productivity of services.
The Impacts of Banking Industry on Nigeria’s Economy. The importance of financial institutions in the growth and sustainability of the economy is largely positive. Although the banking industry is not completely responsible for economic development in Nigeria, it plays an effective and important role.
The top five Nigerian banks owned 60 percent of the banking sector assets in the country. This was contained in a report released, Tuesday, by The Banker, a publication of Financial Times of London.
Nigerian banking sector is a strategic sector in the economy of the nation which drives the country’s economy; however, the challenges being faced in the banking sector will not only affect the banks but can have an adverse effect on the economy of Nigeria if employee retention strategies are not put in place. This study was therefore.
Kawu A H., The Impact of Information Technology on the Bank Performance (Nigeria in Perspectives) - Essays - Hassankawu.mht Kozak, S. (2005) The role of information technology in the profit and cost efficiency improvements of the banking sector, Journal of Academy of Business and Economics. Information Technology and Organizational Performance.
One sector that has a critical role to play in poverty reduction in Nigeria is the agri-culture sector as over 40% of the GDP comes from the sector and it employs about 60% of the working population (NWAFOR et al., 2011). However, the agriculture sector has the highest poverty incidence and tackling poverty entails tackling agricultural.
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Keywords: Bank performance, Credit risk, Return on assets, Deposit mobilization, Non-performing loans, Random effect. I. Introduction The banking industry in Nigeria is in the business of providing financial capital to the business community as well as individual customers. Banks do this with the expectation of achieving targeted rates of.
Pros and cons of Mobile banking Renju Chandran Research Scholar, Dept. Of commerce and Research Centre, St. Albert’s College, Ernakulam, Kerala Abstract- Mobile Banking refers to provision of banking and financial services with the help of mobile telecommunication devices. The scope of offered services may include facilities to.
Alfani1 Lery, Rustandar2 Irvan (2013), In His Research Found That,Banking Sector Existence Have Believed To Be A Stimulant To Wake Others While A Sector Companies From Another Sectors Effort To Survive And Increase The Benefits It Receives, A Banking Sector To Drive The Economy Beginning To Survive. In This Study, Globalization Of Banking That.
Thriving in a disrupted world. Disruption in banking is a topic du jour. Not surprising perhaps, if one considers the prevailing belief among Silicon Valley start-ups and the banking industry cognoscenti alike—that “fintech” firms are about to disrupt banking for the better.
The Nigerian Banking sector is primarily regulated by two bodies. The first is .Central Bank of Nigeria, (CBN) which has the superior regulatory power, and then, the Nigerian Deposit Insurance Company (NDIC), and external auditors (EA).These bodies, are used by the government to regulate and supervise the Banking sector. They are set up.
The banking industry in the emerging market economies: competition, consolidation and systemic stability Monetary and Economic Department August 2001. The original versions of the papers in this volume were prepared for a meeting of senior officials from central banks held at the Bank for International Settlements in December 2000. The views expressed are those of the authors and do not.
MARKETING OF BANKING SERVICES AND CONSUMER SATISFACTION IN THE NIGERIAN BANKING INDUSTRY Adebowale Biodun AREO, Ph.D, Wesley University of Science and Technology, Ondo, Nigeria. ABSTRACT: The study examined the marketing of bank services in some selected banks in Nigeria. It also aimed at identifying the various marketing principles being.
Nigeria's GDP numbers had not been updated since 1990. As a result of rebasing, Nigeria became ranked as SSA’s largest economy, surpassing South Africa. 3 STRI scores compiled by the World Bank range from 1 (open without restrictions) to 100 (completely closed). 4 For more information, see the USITC’s July 2015 EBoT, “.