The Problem Of Loan Recovery In Nigerian Commercial Banks A Study Of First Bank Commercial Bank Plc Ughelli

📄 Project Abstract

In Nigeria, Commercial Banking dates back to 1894 when the Bank of British West Africa (BBWA) was established. Since then, the general concept of the Nigerian Commercial Banking has changed and transformed in various degrees and dimensions; particularly, the growth in terms of numbers has been quite phenomena. For example, this development has increased to sixty-six (66) as at 31st December 1990, the number of commercial bank in the country. This was unexpected because various policies put in place so as to achieve a realistic and reliable exchange rate for naira disrupted price levels. There was a multiplier and down stream effect which crystallized in an explosion of funding requirement in all economic endeavours. It was without doubt, (clearly) that the injection of fresh credit and increased efficiency in the service. Deliveries from the key financial sub-sector are imperative for full realization of the economic reforms being pursued under the Structural Adjustment Program (SAP) d...