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CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY It is certain that Nigeria is endowed with a lot of natural resources. These resources to mention but a few are skel, crude oil, natural gas, Iron ore, palm oil, ground nut yam, cassava etc. these resources found the major export earning before the era of independence an generate 80% of our then total revenue the precolorual era could be regarded as era ...

CHAPTER ONE INTRODUCTION 1.1    Background of the Study Essentially, banks originally emerged as deposit takers. They eventually metamorphosed into intermediates of funds and thereby started assuming credit risk. Credit, thus, became the business of banking, and the primary basis on which a bank’s quality and performance are judged. Empirical studies of banking crises all over the world have shown that poor assets quality (predominantly loan) has been the most frequent ...