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
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