Download or read book The Nigerian Banking Sector Reforms written by S. Apati and published by Springer. This book was released on 2015-12-11 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive book on the politics and economics of financial sector consolidation in an emerging market in West Africa. It draws on the author's twenty years experience working with multinationals in this oil-rich zone, to address key issues and examine banking reform in one of the world's fastest-growing economies.
Download or read book Chronology of Banking Reforms in Nigeria written by Ahmad Bello Dogarawa and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments of many developed and developing countries have designed and implemented various financial reforms to enable the sector play the role of efficient financial intermediation, thereby helping to bolster economic growth and development. This paper surveys past and present literature on the chronology of banking reforms in Nigeria and the implications of the last reform on the Nigerian economy. The paper is analytical with mode of presentation based on content analysis. The paper posits that the banking system in Nigeria has come a long way in term of regulations and reforms; number of institutions, structure of ownership; and depth and breadth of operations. However the various reforms have not yet achieved the desired objectives either due to poor implementation or improper institutional arrangement or sometimes due to abrupt termination of the reforms. The paper suggests that henceforth, reforms should be designed along peculiarities of the Nigerian economy and institutional behaviour, and should be backed by adequate legislations.
Download or read book Financial Sector Reforms Macroeconomic Instability and the Order of Economic Liberalization written by Sylvanus I. Ikhide and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Banking Reforms written by Gabriel Adegbite and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking and corporate governance reform is an ongoing phenomenon which has received intense global attention after the 2008 global financial crisis. This is particularly true of Nigeria where banks constitute a dominant position of the financial sector. It has compelled many financial and non-financial regulators in Nigeria such as the Central Bank of Nigeria and the Securities and Exchange Commission to revise the codes of best practices for banks and other public companies overtime with a new single code of corporate governance [the national code of corporate governance] set to be released by the Financial Reporting Council of Nigeria.This paper makes a contribution to the existing literature on the state of corporate governance development in the Nigerian banking and non-banking sector, the impacts of the banking regulations and the efforts put in place at ensuring that banks are well governed. It also addresses the issue of compliance, disclosure and harmonisation of codes in Nigeria. It argues that while standards and codes are being enacted and revised by the CBN, the SEC and now FRCN, there is greater need for the Nigerian internal and external environments (such as the socio-political, economic and cultural systems) to support the reforms. There is also need for better enforcement, a renewed transparency and total compliance to the spirit and letter of the code in Nigeria.
Download or read book Banking Reform in Nigeria written by Y. Makanjuola and published by Springer. This book was released on 2016-04-30 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book captures Nigeria's crisis management experience and lessons learnt during the five-year tenure of Sanusi Lamido Sanusi as CBN Governor. It provides a backdrop of the sub-prime mortgage crisis in the US characterised by the Lehman Brothers debacle in 2007-08, which precipitated global economic and financial crisis.
Download or read book Effects of Financial Sector Reforms on Economic Growth The Case of Nigeria written by Angel Okonkwo and published by GRIN Verlag. This book was released on 2021-10-18 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.60, , course: Banking and Finance, language: English, abstract: The objectives of this study includes to examine the effects of banking sector reforms on bank performance, savings, investments, developments of the Nigerian Banking System and Economic Growth. The banking sector is without no doubt a very essential part of the economy of a nation and any reforms carried out in it extend to other parts of the economy representing a transformational moment for the economy and its people. So it remains a nationwide challenge that the Nigerian banking sector and it’s reforms haven’t been able to significantly support the long-term financial needs of the real sector or facilitate the growth of the Nigerian economy The Augmented Dickey-Fuller (ADF) Test and The Phillip-Perron Test were used to test for stationarity of the variables, while the Johansen co-integration test was employed to indicate the existence of a long-run relationship among Gross Domestic Product—which acted as the Economic Growth proxy, Commercial Bank’s Capital, Commercial Bank’s Credit, and Number of Commercial Bank Branches which acted as the other variables. Secondary data was sourced from Commercial Bank Statistics, Central Bank Of Nigeria Bulletins, Nigeria Bureau Of Statistics, Statistical Bulletins for the period of 1998-2017. Conclusively, there was a positive and significant relationship betweenEconomic Growth and Banking Sector Reforms in the long run, but a negative relationship between Economic Growth and Financial Sector Reforms in the short-run. It was recommended that the government should ensure political and macroeconomic stability as the activities in all other sectors are affected by them, and that people are enlightened on the benefits of banking sector reforms so that they don’t take opposing actions against the goal of reforms.
Download or read book Corporate Governance of Banks and the Banking Reforms in Nigeria written by Gabriel Adegbite and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of banks is integral to the development of any nation due to their multiplier effects on the economy at large. This is particularly true of Nigeria where banks have an overwhelmingly dominant position in the financial system. More so, the effects of the global financial crisis on many emerging economies such as Nigeria which have re-echoed the importance of corporate governance have compelled the financial and non-financial regulators such as the central bank of Nigeria and the Securities and Exchange Commission to revise their codes of best practices for the banks and other public companies. This paper makes a contribution to the existing literature on the state of corporate governance development in the Nigerian banking sector, the impacts of the banking regulations and the efforts put in place at ensuring that the banks are well governed. It also addresses the issue on whether the banking reforms carried out by the central bank of Nigeria in relation to governance are enough or adequate for the survival of the Nigerian financial sector in the face of the global challenges. It argues that while standards and codes are being enacted and revised by the CBN and the SEC, there is need for the Nigerian internal and external environments (be it socio-cultural, political, economic, legal, religious etc.) to support the reforms.
Download or read book Rage of the Risk God written by Ray Echebiri and published by Xlibris Corporation. This book was released on 2012 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rage of the Risk God chronicles in the broadest conceptual language, the impact of the catastrophic global economic crisis of 2008/09 on the Nigerian banking industry, and the concomitant regulatory intervention, which had had more than mere tangential effect that as yet is reshaping the industry and the national economy in a way not exactly predictable. It contextualises the motivations, rationale, and the impact of the banking reforms embarked upon by the Central Bank of Nigeria under Mallam Lamido Sanusi, who is fondly referred to as the "risk god" by his professional colleagues in the banking industry because of his unmatched mastery of risk management.
Download or read book Banking Reforms and Consolidation written by Wahab Babatunde Dabiri and published by . This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nigeria Banking Reforms written by Bright Ewulu and published by . This book was released on 2007 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analytical Appraisal of the Components of Financial Reforms in Nigeria and Its Impact on the Banking Industry written by Ahmad Bello Dogarawa and published by . This book was released on 2019 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analytically appraises the various components of financial reforms in Nigeria and its impact on the banking industry. The paper uses literature survey approach to focus on the salient features of the reforms and how it affects the Nigerian banking industry from 1892 when banking started to 2010 when the new banking regime that is currently being implemented sets in. The paper confirms that a financial system, which channels financial resources efficiently to deserving sectors of the economy, is a powerful mechanism for economic growth of any country. It posits that as a key component of the financial system, banks are expected to intermediate between surplus and deficit units of the economy and collect deposits from savers in order to channel them to borrowers, transform the quality of capital with respect to size, maturity and risk, and help make the overall economy more efficient by raising the level of investment and savings. The paper concludes that in view of the fact that stability of the banking system is critical to every country, institutional, legal and operational reforms in the financial system should be put in place as appropriately and timely as required.
Download or read book Economic Policies and Reforms in Nigeria written by Haruna Muhammad Suleimuri and published by LAP Lambert Academic Publishing. This book was released on 2012-05 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is an assessment of the economic policies and reforms in Nigeria in the period 1999-2010 with particular reference to the Bank recapitalization. The aim of the bank reforms was to strengthen the banks to withstand risk arising from the systemic distress in the sector and make large capital available to the banks to loan out to especially small and medium scale enterprises. In the last decade, the banking institution in Nigeria has witnessed some reforms. This is against the backdrop of its inability to fulfill the individual and collective aspirations of Nigerians and the Nigerian state for economic transformation and sustainable development. This book examines the banking reforms in Nigeria that led to a drastic reduction of the banks in Nigeria as they came together through mergers and acquisitions (M&A). This was done in order to bring resources together to meet up with the re-capitalization requirement of 25billion Naira (approximately $200 million U.S dollars). The book will therefore be useful to students of history and economics and policy makers in Nigeria in particular and all over the world.
Download or read book Banking Reform in Nigeria written by 'Bode Ayorinde and published by . This book was released on 2018 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Clarifications on the Banking Sector Reforms in Nigeria written by Ayo Teriba and published by . This book was released on 2005 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This piece presents data published by the Central Bank of Nigeria on currency, bank deposits and other financial assets, to enable us evaluate Professor Charles Soludo's 'banking reform proposals'. We show that Soludo's proposals emanated from his misconceptions on cash, deposit-mobilization/intermediation depths, and capital adequacy of banks in Nigeria. We emphasize that going ahead with any aspect of the Soludo proposals will create problems for the banking sector in particular, and the Nigerian economy in general. We argue that we should be concerned about rebuilding the financial system, not just the banking sector. We then proceed to show in very clear terms how Nigerian financial system has evolved in the last twenty five years, why this has been the case, and what we can do to get a deeper financial system in Nigeria.
Download or read book Nigeria s Economic Reforms written by Ngozi Okonjo-Iweala and published by . This book was released on 2007-06-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Following years of economic stagnation, Nigeria embarked on a comprehensive reform program during the second term of the Obasanjo administration. The program was based on the National Economic Empowerment and Development Strategy (NEEDS) and focused on four main areas: improving the macroeconomic environment, pursuing structural reforms, strengthening public expenditure management, and implementing institutional and governance reforms. This paper reviews Nigeria's recent experience with economic reforms and outlines major policy measures that have been implemented. Although there have been notable achievements under the program, significant challenges exist, particularly in translating the benefits of reforms into welfare improvements for citizens, in improving the domestic business environment, and in extending reform policies to states and local governments." The authors argue that the reform program must be considered as 'initial steps on a long journey'; consequently, they have outlined a number of outstanding issues that need to be addressed by future Nigerian administrations.
Download or read book Entrepreneurship in Africa written by and published by BRILL. This book was released on 2017-09-25 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters in this book contribute to our understanding of the theory, structure and practice of entrepreneurship in diverse African countries. Case studies examined include: African multinational banks and businesses, female entrepreneurs, culture and entrepreneurship, finance and entrepreneurship and SMEs.
Download or read book Financial Sector Reforms and Bank Performance in Ghana written by T. O. Antwi-Asare and published by . This book was released on 2000 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
