DOCUMENTARY CREDIT OPERATIONS IN COMMERCIAL BANKS (A case study of LION BANK of NIGERIA PLC)
DOCUMENTARY CREDIT OPERATIONS IN COMMERCIAL BANKS (A case study of LION BANK of NIGERIA PLC)
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Date
1994-06
Authors
KEHINDE, BAMIDELE MUDASHIRU
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Abstract
This study entitled Documentary Credit Operations in Commercial
Banks, a case study of Lion Bank of Nigeria PLC is an attempt to
examine the role of Lion Bank of Nigeria PLC as one of the
Central Bank of Nigeria Agents in achieving prompt settlements
for international transactions.
The study is prompted on the ground that the Federal Government
of Nigeria wants to strengthen and stabilize the Naira exchange
rate and documentary credit operations. The objective of the
study therefore is to critically examine the procedure of
documentary credit operations of Commercial Banks over the
period.
In analysing the documentary credit operations of commercial
banks, Lion Bank of Nigeria PLC is picked at random as sample of
other commercial banks, the researcher made use of both Primary
and Secondary data. The data revealed high concentration of the
procedure involved when opening a letter of credit.
Certain set back of the documentary procedure bank have also been
identified. This include, the inability of the bank officials to
properly put in place the necessary documents to facilitate the
opening of the L/C consequently leading to the rejection of the
document by Central Bank of Nigeria and the general problem which
is non-availability of funds in the foreign reserve by the
government.
Based on the above, it is recommended among other things that the
Federal Government should source for more foreign exchange to
beef up the country foreign reserves.
Description
RESEARCH PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL
AHMADU BELLO UNIVERSITY, ZARIA, AS A PARTIAL FULFILLMENT OF
THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (M.B.A.)
DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY
J U N E ,
1994
Keywords
DOCUMENTARY,, CREDIT,, OPERATIONS,, COMMERCIAL,, BANKS,, case study,, LION BANK,, NIGERIA PLC