Background of the study
Financial service delivery is progressively merging with developing technologies in Nigeria, resulting in the already well-known 'financial technology.' Fintech was not a thing a few years ago, or rather, there was a significant gap betwe...
Without a doubt, the global financial system is embracing the current technological transformation from physical currency to practically virtual currencies. In recent years, rapid technological innovation and new business models have led in a slew of novel retail payment methods. These deve...
Background to the study
Electronic banking in Nigeria has been considered by many, particularly economists, as having significant ramifications for the Nigerian economy, particularly the banking industry, over time. Nigeria's economy has benefited g...
BACKGROUND TO THE STUDY
Micro-finance is the supply of loans, savings, and other basic financial services to the poor. People living in poverty, like everyone else, need a diverse range of financial instruments to run their business, build assets, stabi...
BACKGROUND OF STUDY
Nigeria is a country rich in natural and human resources, with a population of more than 140 million people primarily engaged in agriculture and small-scale business. Micro, small, and medium-sized firms (MSMEs) and both peasa...
Background Of The Study
The insurance business serves as the backbone of Nigeria's risk management system. Insurance companies are non-bank financial businesses that play an essential role in financial intermediation within the financial system of a...
BACKGROUND OF THE STUDY
A formal and active capital market exists in Nigeria. Prior to 1961, practically all formal savings and deposits flowed through t...
Background of the study
Connection to the financial system is very important to different economies in the world. Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payment...
Background of the study
Without a doubt, the global financial system is embracing the current technological transformation from physical currency to practically virtual currencies. In recent years, rapid technological innovation and new business models...
Background of the study
Many millions, if not billion of people will be able to use a range of convenient, accessible, and dependable financial instruments for the first time in the not-too-distant future, regardless of their proximity to tradition...
Background of the study
The promotion of cashless policies has become a driving factor for global economies to investigate currency digitalization as it fast tracks online transactions. Various uses of e-transaction, includin...
Background of the study
Banks are a vital part of every economy. It is the driving force behind society and economic progress. The importance of banking services to any economy's growth and development cannot be overstated. Prior to the introduction...
Background of the study
The availability and equality of opportunities to receive financial services are characterized as financial inclusion. It's a method for individuals and organizations to obtain relevant, inexpensive, and timely financial good...
Background of the study
In recent years, rapid technical advancement and new business models have led in a slew of novel retail payment options. These advancements are raising the possibility of significant changes in the re...
Background of the study
A bank is a financial organization that collects deposits and puts those deposits into lending activities, either directly or through capital markets (Uremadu, S. 2012). Customers with capital shortages are linked to customers wi...
Background Of The Study
Considering the rapid technological advancement and financial market evolution, a lot of innovative transactional products have emerged in recent years. According to McKarles (2019), the global financial system has clearly embrac...
Background Of The Study
Digital currencies are money that exist entirely as electronic data and do not exist in physical form, but serve the core functions of money, such as being a unit of account, a store of value, and a means of exchange. As a result...
Background Of The Study
Apparently, the global financial system is embracing the present technological transformation from physical cash to practically virtual currencies. The birth of digital currencies has been ushered in by this wave. According...
BACKGROUND TO THE STUDY
Research on effectiveness of monetary policy on economic variables in Nigerian economy has for long been of interest to economist...
Background Of The Study
The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of tec...
Background Of The Study
The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of tec...
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...
EXCERPT FROM THE STUDY
Nigeria seems to have acquired a name that is synonymous with corruption. As a nation, it has carved out for itself the reputation of the most corrupt in the world. Our treatment in international politics as a parish&nb...
Background of the Study
Economic policies are deliberate actions by the authority geared towards influencing total spending, output, income, cost of money, employment and other economic activities in an economy. Economic development on the other h...
ABSTRACT
In Nigeria, the banking sector is an important part of the financial system, the banking sector dominate the Nigeria financial system as it accounts for about 90% of the total assets in the system. This study is carried out to examine credit management in the...
BACKGROUND OF THE STUDY
The recent evolution of technology for financial transactions poses interesting questions for policy makers and financial institutions regarding the suitability of current institutional arrangements and availability of instruments to guarantee fi...
BACKGROUND OF STUDY
The global financial system is no doubt embracing the current transition from physical currency to almost virtual currencies through the medium of technology. This wave has ushered in the birth of crypto currencies. In the light of t...
Background to the Study
According to Professor Emmanuel Ofeme, in Owerri, while delivering lecture at the 2nd Sam Okwaraji Memorial Lecture, Published by Chimaobi Uchendu, in the Sun News online sports of Friday, September 19, 2008, he said that unlike vision 2010, whic...
Background to the study
Since the debt crisis in the early 1980s, attention has been focused on the outflow of capital resulting from distortionary domestic policies and political instability mainly in the developing nations. The rate at which huge sums...
BACKGROUND OF THE STUDY
Insurance is a safe-guard against risks. Any device aimed at reducing the chances of a risk occurring, when it happens, reducing the extent of its damage and providing the affected persons with compensation is a form of in...
Background to the Study
Several local and international media have reported on the cause, impacts and the consequences of global financial meltdown. The global financial meltdown is a situation where the world’s status quo can no longer be maintained (Ajayi, 2013)...
Background of the study
It should come as no surprise that huge sums of money and vast amounts of material are being put to use by various business groups (Baker, 2022). Both the quantity of and the monetary worth of activities carried out by the public sector have...
BACKGROUND OF THE STUDY
Nigeria is inextricably tied to the global financial system. The global financial crisis began in the United States in 2007, expanded to other major economies throughout the world in 2008, and was then transmitted to less developed nations, incl...
Background of the study
The provision of the financial resources that are necessary for homebuyers to complete the acquisition of their properties is the primary objective of mortgage financing systems (Akinwale, 2021). The issuance, sale, and trading of mortgage-backed...
BACKGROUND OF THE STUDY
The capital market performs for the economy, at the long-term end of the spectrum, the functions which the money market performs at the short-term end of the spectrum. Iimi, A. (2017) opined that This is because the m...
Background of the study
Responsible governments worldwide, whether at the federal, state, or local levels, are concerned with providing social goods and services to their populations. They are responsible for the upkeep of laws and orders within their countries, as well...
Background to the Study
Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macroeconomic aggregates such as output, employment and the price level. The major components of macroeconomic policy include fiscal, monetary, debt manag...
BACKGROUND OF THE STUDY
CBN is solely responsible for regulating the operations of financial firms and actively encourages the growth of financial institutions that are either specialized or connected to development. The Securities and Exchange Commissi...
Background Of The Study
The activity that is referred to as "banking" refers to the procedure by which individuals who need money for immediate and justifiable reasons are able to borrow such money in a timely manner. To put it another way, ba...
Background of the study
Monetary policy interventions such as an increase in money supply indirectly affect aggregate demand and subsequently output and prices through their impact on investment spending. This indirect effect reveals that a change in mo...
BACKGROUND OF THE STUDY
The United States of America was the country that started the trend of electronic payment many years ago. Since then, it has spread to other industrialized countries such as the United Kingdom, France, Sweden, an...
Background to the Study
Nigeria is still a clear example of a third-world economy in which the expanding economy has some functioning machinery, monetary and fiscal policies that attempt to maintain a balance throughout the whole economy so that growth and development,...
Background Of The Study
The Treasury single account is a banking arrangement that was put into place in order to control several accounts that were formed by various ministries, departments, and organizations (MDAs). The primary goal of a TSA is to guar...
BACKGROUND OF STUDY
Coronavirus pandemic 2019 (COVID-19) is the most recent infectious illness to spread fast over the world (Van Doremalen, 2020), to the point of causing a devastating global pandemic [McDowel, 2020]. COVID-19 is caused by the severe a...
ABSTRACT
The central tenet of banking sector consolidation was to develop a strong, reliable and diversified banking sector that is capable of playing effective developmental roles in the economy, such as funding of small and medium scale enterprises an...
The effect of Interest rate on economic growth in Nigeria has been a matter of controversy over a long period of time. Yet, what constitutes an appropriate interest rate policy still...
ABSTRACT
The capital market is one the compartment of financial system that promote savings and investment in an economy, by providing the means of gathering saving and making them available to borrower.
The aim of this research work is to examine the effective market capitali...
ABSTRACT
This Research study was carried out to find the link between financial sector liberalization and capital market Development. As part of the Structural Adjustment Programme (SAP) of 1986, the Nigerian Government initia...
ABSTRACT
Electronic banking have long been recognized to play an important role in economic development on the basis of their ability to create liquidity in the economy through financial intermediation between savers and borrowers. It also offers financial services and...
Abstract
The study was carried out on perception of bank customers on CBN's cashless policy in Nigeria. The Central Bank of Nigeria (CBN) has been active in the inauguration of policies and schemes to foster the implementation of the cashless policy in Nigeria. Howe...