0704-883-0675     |      dataprojectng@gmail.com

EFFECT OF COVID-19 ON BANKING SYSTEM IN NIGERIA

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

ABSTRACT

This study was carried out on the  effect of covid-19 on banking system in Nigeria using access bank Yaba branch Lagos state as case study. To achieve this 4 research questions were formulated.  The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of the entire Staff of Access bank Yaba branch Lagos state. In determining the sample size, the researcher purposively selected 35 respondents while 30 respondents were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables and percentage. While the hypothesis were tested using Chi-square statistical too. SPSS v23. The result of the findings reveals that; 1.There is a significant effect of Covid-19 on Nigeria Banking sector; The Nigerian Government enacted series of measures on banking sectors among which include; Limit imprudent capital distributions, Liquidity buffers, Loans Restructuring, Review supervisory priorities, Capital buffers and to mention but a few; Banking staffs client customers were complied to covid-19 safety measures and monetary policies in a high extent; The challenges banking sector will likely face evenafter Covid-19 include the following;  Inadequacy in customer service, Retrieval of funds allocated for business and no business loans, Inadequate human capital supply and many more. Based on the findings, the researcher recommended that from a prudential perspective, banks should follow certain requirements related to restructured loans, using the flexibility embedded in the regulatory framework and Loan classification and provisioning rules should not be relaxed. The use of capital buffers, liquidity buffers and supervisory approach should come to play.




FIND OTHER RELATED TOPICS


Related Project Materials

A Study on the Effect of Fiscal Policies on Investment Behavior in Nigeria

Background of the Study
Fiscal policies, including government spending and taxation measures, are fundamental instruments...

Read more
CORPORATE SOCIAL RESPONSIBILITY: A NECESSITY TO NIGERIA BUSINESS ORGANIZATIONS

ABSTRACT

The concept corporate social responsibility has generated a lot of controversy over the years. While some execu...

Read more
An Examination of Ethical Lending Practices in the Nigerian Banking Sector: A Case Study of Access Bank in Kaduna State

Background of the Study

Ethical lending practices have emerged as a cornerstone of financial stability and inclusivity i...

Read more
An Assessment of the Role of Housing Policies in Urban Development in Jos North LGA, Plateau State: A Case Study of Affordable Housing Schemes

Background of the Study

Urbanization in Nigeria has led to increased demand for housing, particularly in fast-growing ci...

Read more
The Impact of Water Resource Management Policies on Rural Livelihoods in Yelwa Local Government, Kebbi State

Chapter One: Introduction

1.1 Background of the Study

Water is an essential resource for agriculture, household consumption, an...

Read more
An Investigation of the Impact of Mobile Health Applications on Self-Care Management of Chronic Diseases in Borno State

Background of the Study

The increasing prevalence of chronic diseases, such as hypertension, diabetes,...

Read more
The Role of Photography in Promoting Handcrafted Goods in Okene Local Government Area, Kogi State

Chapter One: Introduction

1.1 Background of the Study

The Challenges of Enforcing Social Media Content Regulations in Katsina Local Government Area, Katsina State

Chapter One: Introduction

1.1 Background of the Study
Social media has revolutionized communicat...

Read more
An Investigation into the Barriers to Polio Vaccination in Borno State

Background of the Study

Polio remains a major public health challenge in some parts...

Read more
An investigation of fiscal decentralization and its impact on economic performance in Nigeria: A case study of Delta State

Background of the Study

Fiscal decentralization involves the transfer of fiscal responsibilities from central to sub-national governments...

Read more
Share this page with your friends




whatsapp