THE NIGERIA BANKING STRUCTURE
1.0 INTRODUCTION In this unit, you will be introduced to the Nigeria Banking Structure and the component there of. This component is made up of Central, commercial, merchant, development/specialized banks and other quasi – financial institutions performing banking activities. 2.0 OBJECTIVES At the end of this unit, you shall be able to: Draw the structure of Nigeria Banking System Identify the component of the system 3.0 MAIN CONTENT Nigeria Banking System is as shown in the organizational chart below in figure 1 with brief explanations to highlight the sections and development as the economy expands. 3.1 Commercial banks are very bivalent in any economy because they tee structured to provide working capital loans to the deficit sectors of economy They do hardly lend money on medium and long - term because of the character of their liabilities. Banking developed from the activities of the Gold Smith in the 18th Century England. This noble profession and practice ...
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