BANKING AND FINANCIAL DEREGULATION IN A DEVELOPING ECONOMY. A STUDY OF THE CENTRAL BANK OF NIGERIA (C.B.N.).

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dc.contributor.authorIDRIS, ABUBAKAR
dc.date.accessioned2014-03-03T08:17:08Z
dc.date.available2014-03-03T08:17:08Z
dc.date.issued2002
dc.descriptionA PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER IN BUSINESS ADMINISTRATION. DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY ZARIA.en_US
dc.description.abstractThe Financial Institution in general and banking syetew in particular have always been Important in any economy. Banks generally serve as intermediary between the savers and investors in channelling fund, In order to f a c i l i t a t e business transactions and economic development. The Government directs and regulates the a c t i v i t i e s of the banks since the establishment of the Central Bank of Nigeria (CBN) in 1959. The regulations becomes necessary to ensure the continued soundness of the system and thereby minimising the risk of bank failures. Also to ensure that banks products are available to various sectors of the economy and to minimise misuse or fraud that could have serious impact on the public confidence and hence on the economy. Inspite of the excessive regulations and control the Nigerian Economy s t i l l depressed. To the extent that people begin to wonder if the excessive regulations and control could revive a depressed economy, this could have happened in the period preceeding SAP. In order to remove or minimise these distortions policy makers often resorted to economic deregulation. Deregulating the Nigeria banking system began in J u l y 1986, when the Federal Government adopted SAP with economic deregulation as one of i t s cardinal objectives. The period of SAP represents the period in which far-reaching monetary policies were Introduced according to the CBN credit guidelines. The policies were basically the moderation of inflation rate reduction of resource on balance of payments establisation of the exchange r a t e and increse in financial saving investment employment and growth. This research examined the impact of deregulation of the banking system on the Nigerian economy, the CBN regulation policies on the banking Industry prior to adoption of SAP and the number of policy measures adopted by the CBN on the banking industry during the SAP e r a. The study found that financial deregulations has brought in i t s wake monumental chances, upheavals and challenges particularly impact on customer services proliferation of banks encouragement of domestic saving and efficiency of the banking system increased others include rate / v o l a t i l i t, little investment in productive sector low foreign investment, fraud forgeries labour turnover and shortage of long term c a p i t a l like the Nigerian banking environment. The study suggested that "banks have to accept that the business environment has changed and will continue to change and only the i n s t i t u t i o n s that are able and willing to make the tough decisions and sacrifices necessary to become flexible, efficient and productive will surviveen_US
dc.identifier.urihttps://kubanni.abu.edu.ng/handle/123456789/3009
dc.language.isoenen_US
dc.subjectBANKING,en_US
dc.subjectFINANCIAL,en_US
dc.subjectDEREGULATION,en_US
dc.subjectDEVELOPING,en_US
dc.subjectECONOMY,en_US
dc.subjectSTUDY,en_US
dc.subjectCENTRAL BANK,en_US
dc.subjectNIGERIAen_US
dc.titleBANKING AND FINANCIAL DEREGULATION IN A DEVELOPING ECONOMY. A STUDY OF THE CENTRAL BANK OF NIGERIA (C.B.N.).en_US
dc.typeThesisen_US
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