An Evaluation of Risk Management Strategies in Nigerian Banks: A Case Study of First Bank Nigeria
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Risk management is a critical component of banking operations, encompassing strategies to identify, assess, and mitigate financial risks. In Nigeria, banks operate in a dynamic environment characterized by economic instability, regulatory changes, and technological advancements, making effective risk management indispensable.
First Bank Nigeria, one of the oldest and largest financial institutions in the country, has developed various risk management frameworks to address credit risk, operational risk, market risk, and cybersecurity threats. However, the effectiveness of these strategies in safeguarding the bank’s financial stability and customer trust warrants systematic evaluation (NDIC, 2024).
This study examines the risk management strategies employed by First Bank Nigeria, assessing their efficacy in mitigating financial risks and ensuring operational resilience.
Statement of the Problem
The Nigerian banking sector faces persistent challenges such as non-performing loans, fraud, and currency fluctuations. These risks, if poorly managed, can lead to financial losses, reputational damage, and systemic instability. Despite efforts to strengthen risk management practices, gaps remain in implementation and compliance.
There is limited empirical research on the effectiveness of specific risk management strategies in Nigerian banks. This study aims to fill this gap by evaluating First Bank Nigeria’s risk management practices.
Objectives of the Study
- To assess the effectiveness of risk management strategies employed by First Bank Nigeria.
- To identify challenges in implementing risk management practices in the bank.
- To propose recommendations for enhancing risk management in Nigerian banks.
Research Questions
- How effective are the risk management strategies employed by First Bank Nigeria?
- What challenges hinder the implementation of risk management practices in the bank?
- What recommendations can improve risk management in Nigerian banks?
Research Hypotheses
- Risk management strategies do not significantly mitigate financial risks in First Bank Nigeria.
- Challenges in risk management do not significantly affect the bank’s operational performance.
- Recommendations to improve risk management do not significantly enhance financial stability in Nigerian banks.
Scope and Limitations of the Study
The study focuses on the risk management practices of First Bank Nigeria from 2010 to 2025. Limitations include access to confidential internal reports and the rapidly evolving nature of financial risks.
Definitions of Terms
- Risk Management: Processes and strategies for identifying, assessing, and mitigating risks.
- Non-Performing Loans (NPLs): Loans on which borrowers have not made scheduled payments for a specified period.
- Operational Resilience: The ability of an organization to withstand and recover from operational disruptions.
Related Project Materials
The impact of international legal reforms on trade dispute resolution: An evaluation in Abuja
Background of the Study:
International legal reforms have increasingly influenced the resolution of trade disputes by establishing more r...
THE INFLUENCE OF MARKETING POLICIES ON BRAND PERFORMANCE
Abstract: THE INFLUENCE OF MARKETING POLICIES ON BRAND PERFORMANCE
This research aims...
The Effect of Public Sector Auditing on Budget Performance in Nigeria: A Case Study of Lagos State Government
Background of the Study
Public sector auditing plays a critical role in promoting transparency, account...
The impact of smoking on respiratory health among young adults in Kano State
Project Body
An assessment of digital ecosystem development in corporate banking: A case study of Heritage Bank, Kano.
Background of the Study
Digital ecosystems represent a network of interconnected technologies and platforms that support seamless data fl...
The Impact of Social Media Hashtag Campaigns on Nigerian Pragmatic Conventions: A Comparative Analysis of Twitter Movements
Background of the Study
Social media platforms, particularly Twitter, have transformed the way language is used in public...
IMPACT OF LEARNING STYLES ON ADULT EDUCATION EFFECTIVENESS
Abstract: The topic of this research is the impact of learning styles on adult education effectiveness. This study aimed to examine how differ...
An appraisal of the geopolitical implications of urban sprawl in Kontagora Local Government Area, Niger State
Background of the Study
Urban sprawl refers to the uncontrolled expansion of urban areas into the surrounding rural land, often resulting in...
IMPACT OF MANPOWER DEVELOPMENT ON ORGANIZATIONAL PERFORMANCE
BACKGOUND OF THE STUDY
The role and importance of human resources in the long term in ability of any business or non-pro...
AN EVALUATION OF THE EFFECT OF LIBRARY-BASED INFORMATION LITERACY PROGRAMS ON SECONDARY SCHOOL STUDENTS IN SHIRORO LOCAL GOVERNMENT AREA, NIGER STATE
Background of the Study:
Library-based information literacy programs are designed to equip students with the skills necessa...
