INTRODUCTION 1.1 BACKGROUND OF THE STUDY Standard trust bank PLC commercial operations in August 1997 as a commercial bank with five business offices driven by a board of directors, a management team and staff focused on revolutionizing the Nigerian banking industry. Following the resolution of the board of directors at an extra-ordinary general meeting on 19th July 2002, the bank because a public limited company (PLC). From the humble beginning, they have been able to record modest ach...
INTRODUCTION The primary aim of establishing or going into business is to optimize profit and as well as to ensure continuity of that business concern. When one person (sole trader ) of group of person (partnership of companies limited by shares or guarantee) intends forming a business entity he will need both fixed and current assets to facilitate a smooth take off, these fixed and current assets will by funded from both long term liabilities and current liabilities (or capital) as the case ...
1.1BACKGROUND OF THE STUDY Man, Since the past ages, has been battling with procurements of a reasonable standard of living and the ways of managing his perpetual inadequate. The eventful development of organised Society had to the Institution of government. During the 15th Century, when mercantilism was the order of the, government had right to interfere with the economic process to protect the interest of the nation (as then seen mainly from the view point of international trade) “I...
ABSTRACT In the contemporary and ever dynamic business world, there has been an increasing shift in management concepts a shift in emphasis from production management to marketing management and now to management of resources at the firms disposal. Management now strive to achieve sound and stable financial standing by concentrating efforts on financial planning and control. The firm has to allocate its limited resources among alternative uses. If resources were unlimited, there would...
ABSTRACT The rationale for the creation of government corporations. (Public Sector/Government Parastatals) is presumably the desire to attain some broad developmental goals and a range of economic objectives. Over the past decades, the number and variety of public enterprises in developing countries have greatly expanded. But the overall performance of these enterprises has been rather very disappointing. The Federal Government has been pumping large amount of terms of capital investment in...
INTRODUCTION 1.1BACKGROUND OF THE STUDY As competition between businesses geared up, if becomes imperative to turn, attention to customers needs and wants which are naturally insatiable. The marketing concept arose to challenge all other previous concept. Orjih (1998) in his book “Seminar in Banking and finance.” Concluded that marketing concept holds the key to achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfac...
ABSTRACT This study is on the computer age and it’s impact on financial institutions. In other words, it reflects on the difference between when the use of manual machine was passed out and when the modern technology computer was introduced whether there is any improvement 0as regards the success in settlement of claims arising. The researcher vigorously and extensively studies the extent to which typical Nigeria financial institution made use of computer in the operational system of some o...
INTRODUCTION 1.1BACKGROUND OF THE STUDY Hotel industry is defined as the establishment responsible for prevision of food, drinks and accommodation to guests who are willing to pay for services rendered to them and who are in the state to be received. It occupies a significant place in industrial sector of Nigeria and the world at large. It provides job opportunity, foreign exchange as well as helping in the light of all these that every country likes to manage its hotel industry well t...
INTRODUCTION 1.1GENERAL MEANING OF PUBLIC ACCOUNTINGIn the public sector organization exhibit a variety of social economic, political and legal characteristics. They have different pattern of accountability. They have different objectives and are financial in many ways. They also have different organizational structure.Generally, public accounting may be defined as a composite activity of collecting, analyzing, recording, summarizing and interpretation of the financial transactions of the g...
ABSTRACT The central bank of Nigerian (C.B.N) started full-scale operation on 1st July 1959, and since its inception like most of the central bank the world over, performs certain national and international functions one of which is the management of foreign debt. So this project examines the role of CBN in the management of foreign debt. A lot of problems engulfed the central bank of Nigeria which trying to carry out this function ranging from inadequate reserves to over increasing imports b...
1.1INTRODUCTION Background to the study:Accounting is the systematic complication of financial information for use in making economic decision. It is the mechanism and body of of principles through which business activities that are capable of being expressed in terms of money are recorded, classified and periodically summarized and interpreted. Lexicon Universal encyclopedia (1980 edition). Accountants interprets financial information by explaining it’s meaning, uses and limitations. Accor...
ABSTRACT This research work on the role of small scale enterprise in the development of Nigerian Economy was born out of the desire of the researcher to contribute in his own little quarter towards the exposition of the role played by small scale enterprise. The specific attention of small scale business is based on their impact and potential contribution on broad and diversified production base, income distribution and development of Nigeria. To this end, the researcher after the general int...
1.1INTRODUCTION The role of an auditor are impressed by the layman is that of an auditor being in quest of errors, theft, defalcation and fraud. But the impression of various accounting society on the role of auditor cuts across this limit of layman view. Accountant see the purpose of audit by an auditor beyond the layman view to include the inquiry of the truth and fairness of the entity affairs as represented in their records, whether they have prepared it in accordance with the general a...
INTRODUCTION I.IBACKGROUND OF THE STUDY Before the establishment of the Central Bank of Nigeria the West African Currency Board (WACB) which was established in 1912 had the responsibility for issuing legal tender currency. The WACB was set up to promote the financing of the export trade. It was the duty of WACB to issue West African currency. The exchange of existing currencies and the investment of reserves. The reserve were invested in Britain and this is in a way facilitated Nigeria’s in...
ABSTRACT This project was a through research into marketing of financial services by Nigerian banking industry in Nigeria. It is to investigate the performance of bank marketing, and what extent they have contributed to the Nigerian economy. Chapter one of this project deals with general introduction of what marketing of financial services is all about, objectives, significance and limitation of the study. Chapter two deals with the research used, two distinct types of data collection instrum...