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The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [ 1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
He left the bank in 1991, when he travelled to Sudan, to pursue studies in Arabic and Islamic studies at the International University of Africa in Khartoum. [18] In 1997, he returned to Nigeria and joined the United Bank for Africa working in the credit and risk management division – he rose through the ranks to the position of general ...
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits ...
Website. unn.edu.ng. The University of Nigeria, commonly referred to as UNN, is a federal university located in Nsukka, Enugu State, Eastern part of Nigeria. Founded in 1955 by Nnamdi Azikiwe [ 5][ 6][ 7] who was the Governor General of Nigeria between 1960 and 1963, [ 8] and first President of Nigeria between 1963 and 1966. [ 9]
Lagos State University, popularly known as LASU, is a Lagos state government-owned university established in 1983. Its main campus is situated at Ojo, with sub-campuses at Ikeja and Epe. The university was set up "for the advancement of learning and establishment of academic excellence". [ 5][ 6][ 7] The university caters to over 35,000 ...
t. e. Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. [ a ] As a subject of study, it is related to but distinct from economics, which is the study of the production, distribution, and consumption of goods and services. [ b ] Based on the scope of financial activities in financial ...
Website. www.uniport.edu.ng. University of Port Harcourt. The University of Port Harcourt is a public research university located in Aluu and Choba, Port Harcourt, Rivers State, Nigeria. It was established in 1975 [ 5] as University College, Port Harcourt and was given university status in 1977. [ 1] The University of Port Harcourt was ranked ...
Nigerian Political and Economic change between 1980s - 2020. Unlike the 1970s, a major feature of Nigeria's economy in the 1980s was its dependence on petroleum, which accounts for 87 percent of export receipts and 77 percent of the Federal government's current revenue in 1988. Falling oil output and prices contributed to another noteworthy ...