Risk Management In Nigeria Banking Industry
| dc.contributor.author | Ayodele, Thomas | |
| dc.date.accessioned | 2022-05-04T12:48:26Z | |
| dc.date.available | 2022-05-04T12:48:26Z | |
| dc.date.issued | 2014 | |
| dc.description.abstract | The research paper examined the risk management in the Nigerian banking industry. First bank of Nigeria PLC was used as the case study being the oldest and the biggest bank out of the twenty- three (23) banks currently operating in Nigeria economy. The data used for the study were collected majorly from primary source through the distribution of questionnaires to respondents in the bank. Simple percentages were used to analyze the respondents’ responses to each of the question while Chi- square ( ) and the Analysis of Variance statistic (ANOVA) were used to test the stated hypothesis. The analysis revealed that risk in the likelihood of fraud and forgery, operational risk, market risk and system risk abound in the Nigeria banking operations which needed to be managed appropriately in order to improve performances and profitability of the banks. Based on the research findings, it was discovered that Nigeria banking operations are affected more by credit risk and operational risk than market risk. Fraud and forgeries also play adverse role in banking daily operations. However, the risk management techniques put in place by the banks have really curbed or reduced the various risks confronting Nigeria banks. It was therefore recommended among others that Nigeria government should strengthen the legal framework for the enforcement of loans repayment from borrowers to banks upon loan maturity. And that financial regulator must adopt risk management approach that is in complete compliance with international standards focusing on the financial and operational risks faced by banks so as to guide against any risks associated with the banking operations and existence. | en_US |
| dc.description.sponsorship | Self | en_US |
| dc.identifier.uri | http://dspace.run.edu.ng:8080/jspui/handle/123456789/2600 | |
| dc.language.iso | en | en_US |
| dc.publisher | IISTE.Org | en_US |
| dc.title | Risk Management In Nigeria Banking Industry | en_US |
| dc.type | Article | en_US |