TABLE
OF CONTENT
CHAPTER ONE
1.0
Introduction
1.1
Background of the study
1.2
Statement of the problem
1.3
Objectives of the study
1.4
Significance of the study
1.5
Limitation of the study
1.6
Definition of terms.
CHAPTER TWO
2.0
Review of related literature
CHAPTER THREE
3.0
Research design and methodology
3.1
Sources of data
3.2
Location of data
3.3
Method of data collection
CHAPTER FOUR
4.0
Findings
CHAPTER FIVE
5.0
Recommendation and Conclusion.
Bibliographies.
CHAPTER ONE
INTRODUCTION
Central bank of Nigeria
is the apex financial institution in Nigeria charged with the responsibility of
maintaining fiscal and monetary. Stability in the economy. The CBN has its
headquarters in Abuja (F.C.T) with some zonal offices in Lagos, Kaduna, Enugu
and Ibadan. It is located in Enugu zone at Opara Avenue.
In this study, the
researcher’s mind it to know the impacts of the B25billion re-capitalization by
the CBN on the commercial banks in Enugu state off Nigeria, also banks
nation-wide.
The researcher wants to
know the problems that has caused this new directives also, assume the ways the
commercial banks can take-up to meet up with the new directives. The researcher
also, wants to know if this new directives by the CBN will help improve the
banking and Nigerian economy.
1.1 BACKGROUND
OF TH STUDY
The central bank of
Nigeria was established in 1958 under the CBN act of 1958 which was repealed
thereby reenacting the CBN act of 191 (decree No 24).
The CBN owes its
existence to the act and it was set up with certain cardinal objectives in
mind, e.g (i) to issue legal tender currency in Nigeria.
(ii) to promote monetary
stability and a sound financial system in Nigeria etc.
regulations often times
take the forms of either rules or directive from the central bank and that is
why it has been given the power to:
(a)
From time to time, issue directives by circulars requiring each banks to
maintain at all times in the form of cash reserves with the bank at its office
a sum equal to a prescribed ratio of the bank deposit liabilities, etc section
39 (i).
.b. On
the recommendation from the president of the deferral republic, determine what
shall be the minimum paid up share capital of each category of banks. Section 9
(1).
It has a management team
headed by the governor of the bank, deputy governors and directors of the
diverse sectors. The governor is an sever-able to the board of directors for
its acts and decisions.
Section 7
1.2 STATEMENT
OF THE PROBLEMS
In this section, the
researcher focused on the impacts of the N25 billion re-capitalization (new
directive) by the central bank of Nigeria (CBN) on the commercial banks in
Enugu metropolis and nation-wide.
The re-capitalization is
viable of yielding some positive reactions or effects on the commercial banks
which are as follows:
1.
Globalization
2.
Merger & Acquisition and consolidation.
3.
Increased professional.
4.
Stable economy.
According to CBN
governor, Prof. Charles Soludo, We affirms that the re-capitalization is a more
to strengthen the capital base and introduce multi functional face into the
industry. January 4, 2005: This Day News.
1.3 OBJECTIVES
OF THE STUDY
The fundamental
objectives that prompted the researcher to going into this topic are as
follows:
a.
To know the reason why the central bank of Nigeria (CBN) came up with such
directive (N25 billion re-capitalization).
b. To
find out how the commercial banks in Enugu state and nation-wide will raise or
meet up with the new directives.
c. To
find out the impacts of the new directives on commercial banks.
d. The
re-capitalization, will it help Enugu state and the Nigerian economy?
1.4 SIGNIFICANCE
OF THE STUDY
The significance of this
study is to achieve a great success in contributing the little the researcher
can, if not a great deal in expressing the impacts of the new directive (N25
billion re-capitalization) by the central bank of Nigeria on the commercial
banks which will bring about an immense knowledge and enlightenments with
particular reference to the banks in Enugu state.
Hopefully thought, this
research work will ultimately broaden the scope of the staffs and management of
commercial banks in Enugu state. Also, bring about more noticeable contribution
and enhancement to both headquarters and other branches nation-wide to know the
benefits and impacts.
Conclusively, though the
researcher limited the study to Enugu state and banks, the result of the
findings will be of great benevolence to all commercial banks in Nigeria
likewise, students conducting similar research work on the same topic or
related ones.
1.5 DEFINITION
OF TERMS:
IMPACTS: This is the reaction or the drive of the policy
on the financial transactions in the diverse levels of banks operating in the
nation.
RE-CAPITALIZATION: This is a policy majority by the central bank of
Nigeria (CBN) which creates a gradual change in the nation.
It is also the slight
differences in bank’s capital base either higher or lower depending on the
policy of the CBN.
Department | Banking and Finance |
Project ID Code | BFN0238 |
Chapters | 5 Chapters |
No of Pages | 36 pages |
Methodology | Descriptive |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
|
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Contact Us On | +2347043069458 |