DISTRESS IN THE NIGERIAN BANKING INDUSTRY: A CASE STUDY OF ALLIED AND PROGRESS BANKS OF NIGERIA PLC
DISTRESS IN THE NIGERIAN BANKING INDUSTRY: A CASE STUDY OF ALLIED AND PROGRESS BANKS OF NIGERIA PLC
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Date
2014-04-16
Authors
SULEIMAN, SAIDU NDANUSA
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Abstract
This study is an attempt to evaluate the distress situation in the Nigerian
Banking industry with a particular reference to Allied and Progress Banks of
Nigeria PLC.
The study revealed that these banks actually had poor financial
performance before they eventually became distressed. This implies that the
operators of the banking industry, the regulatory bodies and the owners either did
not do what they are suppose to do or did it when it is too late.
The project gives an indept accounts of the financial analysis of their
performance, other man-made causes of distress in the banking industry. The work
is concluded with a check - list of survival options to reverse the distress situation
with a particular attention on what the operators, owners and regulatory bodies
should do to improve the situation and prevent future occurrence. In addition,
appropriate recommendations are made at the end of the study to remedy the
anomalies.
Description
A RESEARCH PROJECT SUBMITTED TO THE
DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY, ZARIA
IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF THE
MASTERS DEGREE IN BUSINESS
ADMINISTRATION (MBA)
Keywords
DISTRESS,, NIGERIAN,, BANKING,, INDUSTRY,, CASE STUDY,, ALLIED,, PROGRESS,, BANKS,, NIGERIA PLC