Download Tag: BANKING HABIT

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY The place of bank in the life of any nation cannot be over emphasized for instant, commercial bank started in Nigeria sometimes in 1891, the early generation banks contributed tremendously towards the economic development of the country. However, with the advent of second and third generation banks, there were sign of distress. Indeed distress in banks became a big source of concern of ...

CHAPTER ONE INTRODUCTION 1.0   BACKGROUND OF THE STUDY The Central Bank of Nigeria in December 2005 published regulatory and supervisory framework for the regulation of microfinance banks and mandated all community banks operating in the country to submit to it plans for conversion latest by September 30th, 2006 and to finally convert latest 31st December, 2007.  The practice of microfinance banking in Nigeria is culturally rooted and dated bank to ...