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CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY It is believed that the goal of every organization is to meet the needs and the requirements of its stakeholders. Meeting the needs and the requirements of the stakeholders will not only ensure the survival of the organization but also allow it to flourish. Customers are presumed to be one of the most important stakeholders in any organization because without them, ...

ABSTRACT Fraud is an epidemic dimension that has eaten deep into the banking sector as well as the entire economy. Itsdevastating effect manifests itself in the deteriorating balance sheet of banks as well as in economic backwardness. As a result, measures to eradicate fraud in banking sector become a central focus of the government and the monetary authorities. It was against this backdrop that this study was aimed at providing empirical ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The history of microfinance sector is as old as when man started using money. People have always been borrowing, lending and saving, for as long as there has been money. This has always been done within communities, using their own system and methods without any external assistance or services. The micro finance scheme has primarily developed as a response to the inability ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Every nation aspires to develop its urban and rural areas. Policies are formulated to ensure the achievement of the overall development of the nation. For instance, in Nigeria reasonably number live in the rural areas and so the issue of developing the rural people in these areas in question are predominant farmers, who produce the highest percentage of the nations food and yet ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROND TO THE STUDY A robust economic growth cannot be achieved without putting in place well focused programme to reduce poverty through empowering the people by increasing their access to factors of production. The latent capacity of the poor for entrepreneurship would be significantly enhanced through the provision of microfinance services to enable them engage in economic activities and be more self-reliant, increase employment opportunities, enhance ...

CHAPTER ONE 1.1   BACKGROUND AND OVERVIEW The banking system had played a role in management of policy changes that ranges from advising assisting companies and individual on how to enter export markets through financing and handling shipping documents to collect of export proceeds.  The role of financial institutions had thus that of a “catalyst” and a committed broker”. Generally, an exporter can meet his/her financial I need in a numbers of ...

ABSTRACT Local government is that level of government nearest to the people. It is said to be corner stone of the government system in any country. The federal government believes that it is only through an effective local government system that the human and material resources of the nation could be mobilized for local government with its objectives is aimed at standard and stabilizing the function and financial resources at ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The concept of dependent has occupied a central place in the economic development over the year, basically as a manifestation of the various attempts by the developing world to chart new economic strategies which would reliever them of economic  dependence on their former colonial master in Europe.  Today the concept of dependent continues to be misunderstood in  its fundamental ramifications and has  remained difficult in large ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Back credit  and  lending  function  as  we are  aware  evolved  from a  rather  humble  beginning   as a  result  of the discovery  made by the gold  smith  some  continues  ago,  though  only  a  small  proportion  of the money  kept with him  for security  purpose  was indeed required by the  depositors at any  one  time  and that  he could  safely  lend the  rest to borrowers  and make  interest  charge  thereon.  The banking habit that latter inherited such practice felt that only about nine(9) to ten (10) percent of the bank deposit at a give time were therefore demand by the depositors. However the commercial banks role of pooling ...

CHAPTER ONE INTRODUCTION 1.1 PROBLEMS IDENTIFICATION/STATEMENT OF THE PROBLEM According to Osuntogun and Adewuimi (2013). The commercial bank is a profit making organization and as such there is geat fear by operators of commercial banks in establishing in the rural areas, this is because like every profit making organization they would not want to lose their business. But it has been that rural banking is in dispensable if the Nation ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Development banking in Nigeria was established, as a result of strong needs to close the gap created by the inability of the operating banks in Nigeria such as commercial banks, central bank and merchant banks to provide the needed funds to finance some special sectors of the economy such sectors which must be financed mainly with long-term and sometimes with medium term funds, ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO 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, ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY It has already been stated that money is a common denomination in which the rate relative value of goods and services can be expressed. Throughout history any community which form itself into a nation for the purpose of self-government immediately introduce its own distinctive unit of account –monetary unit of account (Legal tender) In the words or (Obaseki 2011) “ in the international reaches ...

TABLE OF CONTENTS CONTENTS                                                        PAGES Abstract CHAPTER ONE: INTRODUCTION 1.1       Background of the study 1.2    Statement of the problem 1.3    Objective of the study 1.4    Scope of study 1.5    Research questions 1.6    Significance of the study 1.7    Scope of the study 1.8    Organization of the study CHAPTER TWO: REVIEW OF RELATED LITERATURE 2.0    Introduction. 2.1    Theoretical framework 2.2    Consumer buying  behavior 2.3    Consumer decision making process ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY With an award match to becoming an industrialized nation, Nigeria is witnessing true emergence of human resources as professional, which made possible  the establishment of service industries and other business organizations.  This belief was rather so strong  that the urge to provide financial services can no longer be overlooked.  to accelerate economic growth and economic development both government and some organized private groups were issued licenses to ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The naira exchange rate depreciation coupled with persist increase in the inflationary rate has been a major bane on economy of Nigeria.  To a layman inflation is a phenomena to embrace as his income increases daily without knowing the harmful side of such an increase.  Whether there is anything like depreciation or an improvement in the exchange or whether is income is ...

CHAPTER ONE INTRODUCTION 1.1 PROBLEM IDENTIFICATION AND PURPOSE OF THE STUDY The community bank is a financial institution established to carter to the savings and credit needs of small – scale producers throughout the country. Thus, the institution represents the coalescence and modernization of traditional institutions with which most Nigerians are very familiar with, the rotating savings and credit institutions known as “isusu” and the other town union or community ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Finance has been identified as one of the major factors for the development of small scale Industries in Nigeria.  For the establishment of a small scale business in Nigeria, the first factor to be considered is the availability and source of fund for setting up the industry, small scale business is an organization that can be measured by various characteristic and some of ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Security market or financial market in a broad sense is an institutions arrangement that facilitates the intermediation of funds in an economy. Financial intermediation means the mobilization of financial resources from surplus –spending unity and channeling of such funds to deficit –spending units for productive investment and generation of assets or securities exchange such as bonds and shares, which is approved by ...

CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY In initiating and setting up any business concern, the first and the most important issue that quickly comes to mind is finance (money). This is because the availability of adequate fund will enable the investor to employ the necessary input labour, equipment and machinery power, utilities, suppliers and even management. However, it is the pre-occupation of this project to trace the grass0root of ...