SUBSIDIARIES FINANCING BY FIRST BANK OF NIGERIA, PLC.
SUBSIDIARIES FINANCING BY FIRST BANK OF NIGERIA, PLC.
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Date
2000-09
Authors
GARBA, KHALID MOHAMMED
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Abstract
The main objectives or focus of this study was to examine subsidiaries financing,
using First Bank of Nigeria (FBN) Plc as a reference point.
Subsidiaries financing refer to the provision of funds for the operation of subsidiaries
by a parents company. FBN, Plc is a financial institution established since 1894 with
the purpose of enhancing banking service and contribute to the economic
advancement and development of the country.
Questionnaires, interviews and personal observation methods were used mostly in the
survey. 130 questionnaires, were filled and returned out of 150 randomly distributed
and interviews were conducted with top management staff of FBN, Plc and its
subsidiaries.
The result of the research were:
1. FBN, Plc should give free hand (autonomy) to its subsidiaries to operate as
autonomous or independent corporate entity with its own charter, tax liabilities
etc.
2. (renerally, subsidiaries financing (sources of funds) is derive mainly from
parent company. This research then recommend that FBN, Plc should allow its
subsidiaries resort to other sources of financing like autonomous companies in
their type of business.
3. FBN, Plc should make it a policy to provide staff training and development.
This will help retain staff and improve performance.
4. Finally, there is the need for FBN, Plc to keep abreast of new trends in
subsidiaries financing, as well as the need to compare favorably with banks in
other developing countries and those in developed economics who have made
conspicuous progress in subsidiaries financing.
However, based on the conclusion drawn from the data (research), a number of
recommendations were made which the researcher hopes Would enhance the
performance of FBN. in its subsidiaries financing and add to existing knowledge
in this area.Plc
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR AWARD OF THE
DEGREE OF MASTER OF BUSINESS ADMINISTRATION
(MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY, ZARIA.
Keywords
SUBSIDIARIES,, FINANCING,, FIRST BANK,, NIGERIA