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CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY A financial institution is an organize body concern with the management of money. This to say that the institution is responsible for the lending and borrowing of money. In other word, it is the institution involved in financial intermediation where money is mobilized and is channeled from the public settings. Those who have surplus fund want to invest in productive activity. Some of ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY In the past financial report of commercial and merchant bank showed that they usually carried out excess liquidity.  But by the end of 1993, the huge excess liquidity disappeared. The minimum required liquidity ratio was 30%s Nwaigwe K. O. (2015). In later years, the ratio deteriorated, it was claimed that the issuance of stabilization securities contributed to the above. Also another development which the ...