MANPOWER DEVELOPMENT IN BANKING AND FINANCE

1.0. Introduction Considering the recent distress and failure of some commercial, community and merchant banks as well as other non-bank financial institutions such as Finance houses, mortgage finance companies in Nigeria, it is high time that recruitment into the banking and finance sectors be based on professional qualifications and experience. The practice of using staff…

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NON-BANK FINANCIAL INSTITUTIONS

1.0 INTRODUCTION In this unit you will learn that Insurance Companies are major players in the Non-Bank Financial Services sector of the Nigerian economy. They are established under the Insurance Special Ion Rind (Amendment) Decree NO. 62 of 1992 took over the function of approving and licensing of Insurance Companies from the Federal Ministry of…

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BANK LENDING

1.0. INTORDUCTION Lending is concerned with granting of credit facilities to customers. The term ‘credit’ is derived from the Latin word ‘credere’ meaning to trust. Credit is thereby defined as the ability to source goods and services in exchange for a promise to pay back later. One of the Principal businesses of a bank is…

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LENDING AND CREDIT ADMINISTRATION

1.0 INTRODUCTION You would recall that, in the preceding study unit, the reasons for effective management of bank lending and credits are identified and discussed. The fundamental purpose for managing the funds under loans and advances effectively is informed by the fact that lending of funds to bank customers involves the use of the depositors’…

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DEVELOPMENT BANKING SYSTEM

1.0 INTRODUCTION In this unit you will learn of a development Bank as a financial institution primarily designed to provide medium to long-term credits to the economy. The emphasis is development because it is used by developing economy to help in key areas where conventional banks have short-coming in fulfilling their traditional functions. They take…

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