AN ASSESSMENT OF RE-POSITIONING THROUGH RECAPITALIZATION OF BANKING SECTORS IN NIGERIA
CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY The Nigerian banking industry has witnessed tremendous changes and expansion since the mid 1980s. Unfortunately the growth and expansion in the sector are not the manifestation of a sound or vibrant banking system known anywhere in the world. Most banks in Nigeria are characterized by inadequate capital base, poor services, high rate of bankruptcy, lack of management expertise, bad debt syndrome and ...
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