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CHAPTER ONE INTRODUCTION 1.1      BACKGROUND TO THE STUDY The capital market has been identified as an institution that contributes to the socio-economic growth and development of emerging and developed economies. This is made possible through some of the vital roles played such as channeling resources, promoting reforms to modernize the financial sectors, financial intermediation capacity to link deficit to the surplus sector of the economy, and a veritable ...

CHAPTER ONE 1.0 INTRODUCTION Banking service when introduced in our rural areas will bring development or specifically economic development to the doorstep of every citizen in this country since between 70 – 80 percent of Nigerians lives in the rural area. Every Nigeria want to go to the urban area because of availability of infrastructural amenities like electricity, good roads, pipe borne water, civilized market operation, job opportunities and so ...

ABSTRACT This study examines the impact of capital structure on the performance of the banking industry in Nigeria. The objective of the study was to examine the effect of total debt on the bank profitability and also to determine the impact of equity on the profitability of the bank. The focus of this study is on five (5) selected bank comprising of first bank, sterling bank, United bank for Africa, ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF THE STUDY The banking sector is largely dominated by commercial banks and by far the most important in any developing countries like Nigeria. Globally, the unique role of banks as the engine of growth in any economy has been widely acknowledged (Adegbaju and Olokojo, 2014; Kolapo, Ayeni and Oke, 2012; Mohammed, 2012). In fact, the intermediation role of banks can be said to ...

CHAPTER ONE INTRODUCTION Commercial Banks and industries synonymous as the growth of one is enhanced by the other. Precisely, Banking is an accent business. There were banks already in the accent Babylon during the Classical Civilization particularly in Rome. But modern banking started in Italy where bankers apart from buying and selling of foreign Currencies also took demand time deposits. This banking habit remained in Italy and other developed nations ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY The name bank is derived from the Italian word banco desk/bench used during the renaissance by Florentine bankers who used to make this transaction above desk covered by a green table cloth.  However, there are traces of banking activities even in ancient time. In fact, the word traces its origin back to the ancientRoman Empire, where money lenders would set up their ...

CHAPTER ONE INTRODUCTION 1.1.1 BACKGROUND TO THE STUDY Fraud has been in existence throughout history and has taken many different dimensions. Bank fraud has grown with advent of the banking industry, and has been facilitated by the technological innovations and the widespread use of the Internet. According to the fraud triangle (Cressey, 2013), for fraud to occur the three factors; pressure, rationalization and opportunity should be present. Bank employees have ...

CHAPTER ONE  INTRODUCTION 1.1 BACKGROUND TO THE STUDY COMPANIES INCOME TAX (CITA) Refers to tax payable on profits of a company accruing in, derived from, brought into or received in Nigeria (section 9 of CITA), it also known simply as corporate tax which is tax payable on the profits of incorporated entities in Nigeria. It also includes the tax on the profits of non-resident companies carrying on business in Nigeria. ...

CHAPTER ONE  INTRODUCTION 1.1 BACKGROUND OF THE STUDY The first bank as a commercial bank is a profit making organization it’s objective include profit maximization, maximization of earning per share and maximization of share price through increase virtual banking and other programmers. The level of achievement of there objective is essentially a measure of business efficiency. The need therefore arises for the first bank to rigorously pursue it’s goal by ...

CHAPTER ONE INTRODUCTION 1.1. Background to the study For decades, rapid changes have taken place in all facets of human life, including the work scene. This is a result of technological progress. Any office in today's business world, whether governmental or private, needs facts and accurate information to make decisions quickly. The clerk, including the employee, expects some support from the organization in which he is employed. This support can ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND TO THE STUDY Banks play an important role in financial system and the economy of a country. Banks among other financial institution are organizations which through its activities (Such as accepting or accepting and handling of deposit of its customer, making available loans to individuals and organizations based on request among others) contributes to a nation’s economic growth in particular and national development at large. ...

ABSTRACT The stock exchange in Nigeria has been enmeshed in a series of  controversies in recent time, therefore this study examined the impact of the stock exchange  on the generation of capital for commercial  banks in Abeokuta metropolis. This descriptive survey research design was adopted and the sample size comprised 50 bankers crown from different commercial banks in Abeokuta metropolis wing the simple random sampliy technique. Two research question were ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND TO THE STUDY   The practice of microfinance in Nigeria is culturally rooted and pre-dates modern banking era. The traditional microfinance institutions provide access to credit for the rural and urban, low-income earners. They are mainly of the informal Self-Help Groups (SHGs) or Rotating Savings and Credit Associations (ROSCAs) types. Informal financial groups exist in all parts of the country and they are in form ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Invention of mobile technology and its devices have brought about efficiency in the manner in which commercial and business activities are performed (Tiwari and Buse, 2007; UNCTAD, 2007). One such technology is mobile telephony. Mobile telephony serves as a platform for launching innovative mobile phone applications and services (UNCTAD, 2007). The utilization of mobile technologies for commercial activities initiates the concept of ...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study   The recent evolution of technology for financial transactions poses interesting questions for policy makers and financial institutions regarding the suitability of current institutional arrangements and availability of instruments to guarantee financial stability, efficiency and effectiveness of monetary policy. Over the course of history, different forms of payment systems have been in existence. Initially, ‘trade by barter’ was common; however, the problems of ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND TO THE STUDY Mobile phones have become a tool for everyday use. They have created an opportunity for evolution of banking services to reach the previously unbanked population. Use of mobile banking has made basic financial services highly accessible to low-income people because it caters for challenges of time and distance to the nearest retail bank branches (CGAP, 2006). Mobile banking (m-banking) is an internet-based ...

ABSTRACT This study was designed to empirically investigate the effect of corporate governance on the financial performance of pension fund administrators in Nigeria within the period of 2004 – 2014. The study employed the use of secondary data sourced from the websites and audited financial statements of pension fund administrators in Nigeria. For the purpose of the study, board size and board composition were used as the proxy for corporate ...

ABSTRACT This project seems to bring together existing state of knowledge and existing state of practice in agriculture sector new techniques ha)e to be pro)en before they are adopted in the general practice-chapter one of this project will deal with the statement of problemsrationale of study significance of study and definition of terms-chapter two will examine in details the related literature to the project-chapter three will deal with statement of hypotheses ...

ABSTRACT Since 2016, Nigeria has been in economic recession.  Coincidentally, its inflation rates have been rising too with time. The goal of government has been to maintain the inflation in a single digit range. From 2013 up to January 2016, this goal has been achieved according to the records of the Central Bank of Nigeria after which it has swung back to two digits until now. The index is rising ...

1.0 CHAPTER ONE 1.1 BACKGROUND TO STUDY Banking reforms have been an ongoing phenomenon around the world right from  the 1980s till date, 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 ...