EVALUATION OF THE ROLE OF CENTRAL BANK OF NIGERIA IN ENSURING EFFICIENT AND EFFECTIVE BANKING OPERATION IN NIGERIA

ABSTRACT

The aim of this research is primary to investigate the evaluation of the role of central bank of Nigeria in ensuring efficient and effective banking operation in Nigeria.

The study was carried out in order to determine the role central bank of Nigeria has to play as an apex bank.

Central bank as an apex bank are responsible central bank is required by the law to maintain account with commercial banks the researcher used secondary data in this project.

Finally, the government should provide more equipment such as computer for the apex banks to encourage them in banking works.

TABLE OF CONTENT     

CHAPTER ONE

1.1              Statement of the problem and purpose of the study

1.2              Reason for the study

1.3              Significance of the study

1.4              Definition of terms

CHAPTER TWO

Literature review

CHAPTER THREE

Hypothesis, methodology, sources of data and limitation of the study

3.1              Research methodology

3.2              Methods of data analysis

3.3              Limitation of the study

3.4              Location of data

CHAPTER FOUR

Presentation and analysis of data, discussion of the result

4.1              presentation of data

4.2              data analysis       

4.3              discussion of the work

CHAPTER FIVE

Summary, conclusion and recommendation

5.1              Summary

5.2              Conclusion

5.3              Recommendation and suggestion

Bibliography

CHAPTER ONE

INTRODUCTION

1.1              STATEMENT OF PROBLEM

v  It is a general belief that bankers were concerned with their customer plight when it comes to matter of withdrawing money.

v  Charges of commission, interest and services charges were cases of wore to the customers

v  Delay and rampant bank strike could not be excluded.

v  The lending habit of banks in Nigeria also call for question in that they try to lend only to the sector from where they derive maximum benefit to the detriment of the other sectors of the economy.

v  It sometimes make it difficult for workers to get their earned income or salary when due

v  The present inflationary trend and the subsequent dwindling of the value of the naira is also a problem that need to be tackled.

v  In areas of control cover the other financial institution, orders and regulation issued by the CBN are violated with impurity and with little or no punitive corrective measures.

The above problem clearly indicate that banking operation in Nigeria is grossly ineffective. Not withstanding that in recent time that much improvement have been observed but more improvement are still expected.

1.2              PURPOSE OF THE STUDY

2                    To find out causes of incessant bank distress in spite of the policy measures and improvement made by the central bank of Nigeria.

3                    To determine ways of improving supervisory role of the CBN

4                    To make recommendation based on the findings.

1.3              SIGNIFICANCE OF THE STUDY

The commercial bank and its customer will benefit from the evaluation of the role of central bank of Nigeria in ensuring efficient and effective banking operation in Nigeria.