CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The ultimate strength of a bank lies in its capital fund. Banking, like any other business, requires adequate capital to function effectively (Nwankwo, 1991:45). Though by nature, banking is a highly leveraged industry, the degree of leverage averaging 88% and 95% in the United States, compared with … Read more
CHAPTER ONE INTRODUCTION Background of the Study The financial system of a country which the banking industry is part, refers to the totality of the regulatory and participating institutions as well as instruments involved in the process of financial intermediation. An efficient system is widely accepted as a necessary condition for an effective functioning of … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Before, the various governments of this country – Local, State and Federal had directed attention on the establishment of gigantic industries in the urban centres of the country. This they believed, though erroneously, that large scale industry is the only yardstick of measuring the economic power of … Read more
CHAPTER ONE 1.0 BACKGROUND OF THE STUDY Udeagha (1999:1) observed that Nigerian banks are regarded as the most important custodians of the Liquid asset of most Nigerian citizens, foreigners, groups, organizations and government. They receive money in the form of deposits, transfers or payment from these individuals; social or economic units and government for safe-keeping … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The electronic method of payment or e-payment (e-commerce) has taken a centre stage in economic activities of countries of the world. In its bid to catch up with this trend in the world, Nigeria has adopted e-commerce. Investment in recent time, in the Nigeria capital market and … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Human resources are easily recognized as the most important resources required for the production of goods and services, as well as the key to rapid socio-economic development and efficient service delivery. According to (Barney, 1995:50), human resources include all the experience, skills, judgments, abilities, knowledge, contacts, risk taking … Read more
CHAPTER ONE INTRODUCTION Background of the Study It is expedient to note that, over 90 percent of International Trade is done by sea or carried by ships. It is believed that on daily basis, these ships move millions of tons of cargoes comprising goods and commodities, fuel, crude oil, raw materials, machinery and equipment, foodstuffs, … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Oil is a major source of energy in Nigeria and the world in general. Oil being the mainstay of the Nigerian economy plays a vital role in shaping the economic growth and development of the country. Although Nigeria’s oil industry was founded at the beginning of … Read more