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THE ROLE OF THE NIGERIAN DEPOSIT INSURANCE CORPORATION IN THE REGULATION OF NIGERIA BANKING SECTOR
[A CASE STUDY OF CENTRAL BANK OF NIGERIA ILORIN] -
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- Contributor: mr-chris
- engagements: 136
- Case No: 451772pw
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe Nigerian banking sector plays a major role in economic development in any country. These they do, through financial intermediation and other banking functions to encourage real sector or innovate productive activities. However, distress in banking sector cannot be totally erased because like other forms of businesses, risks are involved. In combating this, the central bank of Nigeria served as the apex in the banking sector and performs regulatory and supervisory activities to create and sustain confidence in the banking sector, in the public, government, owners and the economy.
... Continue Reading
CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONE1.0 INTRODUCTION1.1 BACKGROUND TO THE STUDYThe practice of modern banking in Nigeria dates back to 1892. The pioneer banks were understandably expatriate institutions set up to facilitate the colonial administration as well as trade with Britain. The first bank was set up in 1892 and it was called the African Banking Corporation which opened the first branch in Lagos and this was championed by Elder Dempster and co; a shipping firm based in Liverpool but had it branches in Lagos in 1894 another bank called the British Bank for British West Africa. The bank acted as an agent o ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe Nigerian banking sector plays a major role in economic development in any country. These they do, through financial intermediation and other banking functions to encourage real sector or innovate productive activities. However, distress in banking sector cannot be totally erased because like other forms of businesses, risks are involved. In combating this, the central bank of Nigeria served as the apex in the banking sector and performs regulatory and supervisory activities to create and sustain confidence in the banking sector, in the public, government, owners and the economy.
... Continue Reading
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