EFFECT OF DEREGULATION ON MERCHANT BANKS IN NIGERIA

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dc.contributor.authorADENIPEKUN, SUNDAY ISAAC
dc.date.accessioned2014-02-14T10:55:02Z
dc.date.available2014-02-14T10:55:02Z
dc.date.issued2000-06
dc.descriptionA PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL ABU, ZARIA, IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION [MBA| DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF ADMINISTRATION ABU, ZARIA JUNE, 2000en_US
dc.description.abstractAgainst the backdrop of sagging economic fortune which defied some "fire brigade solutions" in the early 80s, Nigeria took a bold step in 1986 to introduce the policy of economic deregulation under the programme called Structural Adjustment Programme (SAP). 13 years after its introduction, deregulation as an economic pill has proved its multiplier effect on all the sectors of Nigeria's economy. Expectedly, the banking industry being the fulcrum of the economy has been more impacted by this policy. For one thing, deregulation has boosted the number of banks in the system and for the other, it has transformed both its market and operations considerably. Even though many banks have risen and fallen since the commencement of deregulation, the banking industry is today known for its discipline, increasing competition and unprecedented hi-tech (qualitative) service delivery. For the merchant banking sub-sector, the 13 years of deregulation has meant more than all these. For instance, it has meant a long period of stern and unfavourable regulatory framework which "have impacted negatively upon vii our operations" [Sani Bello, Chairman of the distressed Continental Merchant Bank, 1990]. It has meant unequal playing field with the commercial banking sub-sector; it has meant reduced profit margin, comparative dismal performance, increasing loss of investors' interest, amongst others. Success in the merchant banking sub-sector - as opposed to the commercial banking sub-sector - can only be qualified as pyrrhic financial success for when it comes, it is marginal and it comes with much pain and struggle. This explains the current spate of conversion of merchant banking institutions to commercial banking coupled with the strident agitation for universal or multi purpose banking [which allows a bank to perform both merchant and commercial banking functions simultaneously] which the monetary authorities are still resisting. As the battles rages on, the rational question to ask is "what prospect has merchant banking in Nigeria given this development"? This research study answers this question and more as it explores the impact of deregulation on merchant banking in Nigeria. viiien_US
dc.identifier.urihttp://hdl.handle.net/123456789/1546
dc.language.isoenen_US
dc.subjectEFFECTen_US
dc.subjectDEREGULATIONen_US
dc.subjectMERCHANTen_US
dc.subjectBANKS IN NIGERIAen_US
dc.titleEFFECT OF DEREGULATION ON MERCHANT BANKS IN NIGERIAen_US
dc.typeThesisen_US
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