EVALUATING THE BANKING REGULATIONS IN NIGERIA FINANCIAL SECTOR, WITH RESPECT TO BANK DISTRESS FROM COLONIAL ERA TILL DATE

📄 Project Abstract

In recent times, instability in the financial system and the banking sector in particular has risen from institutional failures in the past. In Nigeria, the lesson of the earlier bank failures appeared to have been forgotten as generalized distress swept the banking sub-sector and systematic distress gripped the finance house sub-sector. This research work assesses the banking regulations with respect to banking distress phenomenon and empirical analysis on the extent of failures in the baking industry as well as the major causes. The statement of the problem identified and categorized the banking distress into two major types; the generalized nature and the systematic. Generalized nature focuses on, when the distress has effect on the industry as a whole, while the systematic concerns only when the distress has effect on the supervisory/regulatory authorities. Conversely, the researcher was poised to establishing a research design which was instituted to meet the aim of the study. The...