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CHAPTER ONE INTRODUCTION 1.1    BACKGROUND TO THE STUDY Automated Teller Machines (ATM) are devices used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. The strip contains an identification code that is transmitted to the bank’s central computer by modem. To prevent unauthorized transactions, a personal identification number (PIN) must also be used ...

CHAPTER ONE INTRODUCTION 1.1  Background to the study A closer look at institutions in our society shows that a lot of businesses are folding up due to fraudulent acts. Both the management and the employees indulge in activities that can bring down an institution, and ignorance of the roles of an internal auditor is also a problem. Auditors give a fair account of the financial statement of an institution as ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The banks and other financial institutions decree (BOFIA) 1991, defines a bank as “a person, institution licensed to receive money as deposit which could be undertaken either through advertisement or solicitation and limited to a fixed amount which may provide for interest payment or re-payment of deposit amount.” Banks as financial intermediaries are very significant in the economy of every nation. The ...

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CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY Attempts to explain the operation of commercial banks began with the inception of banking institution. Lending has become a vital role in banking operations because of its direct effect on economic growth and business department. In most countries, banks and their lending activities have useful integrated into government policy formulation. As far as banks are concerned, their role as lenders is important as ...

ABSTRACT The global phenomenon in the financial service industry is the consolidation of the financial activities towards ensuring financial stability. It is occurring at a rapid pace due to changes in economic environment, which often alter the constraints faced by financial service firms. The main objective of this study is to examine the effect of recapitalization of banks on Nigerian economy. Secondary data was gathered from CBN statistical bulletin on ...

ABSTRACT This research project is a very crucial study on the Role of Nigeria Agricultural Co-operative and rural Development Bank.   The study is motivated by the necessity to establish the extent of Agricultural Co-operatives. To solve the research problem primary and secondary data was collected.  The data were questionnaire and oral interview.  The respondents comprised of personnel of the bank in organizing and presenting data collected, tables frequencies and ...

CHAPTER ONE INTRODUCTION Banks are the most regulated of all business in Nigeria.  This is because of the nature of banking itself and its centrality to the effective functioning of the economic system. The importance and centrality of the banking system in the development of an economy is obvious and beyond dispute.  It plays some roles which include financial intermediation provision of an efficient payment system and facilitating the implementation ...

CHAPTER ONE INTRODUCTION 1.1  STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY The problem of this study is to appraise the lending procedure and loan recovery in banks and their policies with a view of finding the roles of banking in general economic development and characteristic of a good policy and procedure for taking securities for bank lending. It is believed that most loan defaulted goes bad because of the ...

CHAPTER ONE INTRODUCTION 1.1 STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY For any country to attain any degree of industrialization, it must have to over-come some series of obstacles and difficulties and it has to depend some how on some financial institutions to facilitate the industrialization. This research work is then designed to investigate the banks participation in the industrial development.  A country becomes famous among other countries ...

CHAPTER ONE 1.1 GENERAL INTRODUCTION  Loan syndication is an inter-bank relationship and facilities in carrying on a common interest in financing a project. Where client borrowing requirement are extremely large and the risk also very light that it exceed the capacity of one banks, as it is often the case with major industrial, commercial, or agricultural undertakings. One bank arranges in close association with the customer syndicate facilities by grouping ...

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 to the Study Automated Teller Machines (ATM) are devices used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. The strip contains an identification code that is transmitted to the bank’s central computer by modem. To prevent unauthorized transactions, a personal identification number (PIN) must also ...

CHAPTER ONE     INTRODUCTION The banking sector recapitalisation like every development process, is an on going endeavour aimed at assisting and focusing the evolutionary direction of the banking industry in order to achieve the desire momentum and shop of the development of the sector in the overall interest of the Nigeria economy.

ABSTRACT The study was undertaken to find out how IMB manages its loan syndication, a proper loan syndication management would have a significant impact on the profitability of the bank, with this view in mind a detailed analysis of IMB loan syndication management was carried out. IMB was selected as a result of preliminary survey which indicates that it is the only bank that was willing to assist in the ...

ABSTRACT A research into the spiral growth of banks in Nigeria: manpower problems and solutions, cannot be over emphasized.  In pursuance of this investigation the researcher formulated four research objectives, utilized library and sample survey techniques. Data were gathered through  primary and secondary sources and were  then analysed using tabular and textual modes of data presentation. The major finding of the research was the institutional arrangements available to the banking industry to train ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The concept of corporate governance is one of the issues that have attracted the attention of researchers and organizations around the world. This is due to the fact that governance mechanisms involve a set of the relationship among organization’s management, its board, its shareholders and other stakeholders that provide structure in which organizational goals are set, and organizational performance are monitored. Therefore, ...

ABSTRACT The major objective of the study is to ascertain the extent to which banks in Nigeria have helped to finance small scale businesses. The instrument of data collection is questionnaires and research questions which formed the source of primary data, while materials from various published articles, textbooks, journals, and newspaper formed the secondary data. The method of analysis is the use of tables, percentages, and chi-square. The major finding ...