The Effect of Bad Debt Management in Nigerian Banking Industry and Dissertation

The Effect of Bad Debt Management in Nigerian Banking Industry and Remedies - Dissertation Example 2. Literature Review 10 2.1 Nigerian Banking Industry and its Role in Economic Growth 10 2.2 Deregulation of the Banking System 12 2.3 Credit Risk and its Management Strategies 13 2.4 Impact of Credit Risk 17 CHAPTER THREE 19 3. Research Methodology 19 3.1 Justification of the Methodology 19 3.2 Research Methodologies 20 3.2.1 Qualitative Methodology 20 3.2.2 Quantitative Methodology 21 3.3 Data Collection 21 3.3.1 Primary Data 22 3.3.2 Secondary Data 23 3.4 Sampling 23 3.5 Reliability and Validity 23 3.6 Ethical Considerations 24 References 25 CHAPTER ONE 1. Introduction The history of Nigerian banking industry dates back to the year 1892 when the first bank was incorporated by the colonial British Empire (Okezie, Tella, and Akingunola, 2011). The business operation of the Central Bank of Nigeria (CBN) was initiated in the year 1959. The autonomy of CBN was lost to the Federal Government during the period 1968 to 1999. It resulted in Nigeria being surrounded by a loose monetary policy that was implemented by the Federal Government then. In the year 1999, the last of the military regime in Nigeria, gave back the banks legal autonomy in the field of exercising monetary policy and regulatory functions (Central Bank of Nigeria, n.d.). After the independence of Nigeria in 1960 till the beginning of 1980s, the banking industry of the country was mainly dominated by the three banks namely First Bank, Union Bank, and United Bank for Africa. The banking sector was deregulated by the Nigerian government in 1986 which resulted in easement of entry barriers for the new entrantsin the banking industry of Nigeria. As a result of this deregulation, many new banking firms made an entry into the Nigerian banking sector and the number of banks in the country rose to over 100 (Ekpenyong, and Acha, 2011). Many of these new banking firms were poorly managed and weakly capitalised. The regulatory supervision was also quite weak. This resulted in a series of bank failures and turned up to be banking crisis in the year 1990s. At the beginning of 1989, almost 20% of the loan portfolios were adjudged to be non-performing assets. Since the year 2002, the banking industry of Nigeria comprised of 24 commercial banks, 5 development finance institutions, 5 discount houses, 50 class A bureau de change, 598 class B bureau de change, 84 finance companies, 98 primary mortgage institutions, and 914 microfinance institutions (Iwukemjika, n.d.). One of the major concerns for the policy makers is the increasing level of cases of banks in being distress. Hence bad de bt forms an important aspect of the banking industry in Nigeria. 1.1 Background of the Study It is a fact that the banking system is considered to be the engine of growth in any economy. It is so because of its function of financial intermediation. With the help of this function the banks are able to increase their performance, facilitate capital formation, and ultimately help in promoting economic growth (Badun, 2009). However, the ability of the banks to foster economic development and growth depends on the stability, health, and soundness of the system. The shareholders fund constitutes only a small portion of the total liability of the banks. This fact undermines the need for a reliable, viable and strong banking system. Hence, not surprisingly, the banking sector is found to be one of the most regulated sectors in an economy. In a modern economy, one can find clear distinctions between deficit and surplus economics units and also in the process of separation of the mechanism re lated to saving investment. This fact has led to the emergence of financial institutions whose primary responsibility includes

The Role of a PPC Manager in a Leading Company Term Paper

The Role of a PPC Manager in a Leading Company - Term Paper Example Goals could be varied for clients. For some clients, the aim is branding and for some others, it could be a direct response. Some clients focus on improving their return on investment and some others focus on improving the traffic to their website. The role of the PPC Manager also involves identifying the goals of the clients, setting up, and maintaining the campaign in such a way that the aim of the client is fulfilled. Based on job analysis, the key aspects of the role include managing a portfolio of client accounts, interacting directly with the clients to understand their business, driving revenue and improving customer satisfaction. The PPC Manager should be able to optimize the performance of the campaign, set and implement strategies to achieve the goal of the client and demonstrate product expertise on PPC models. Apart from being an expert on analytics and reporting, they should also demonstrate their expertise on industry trends and customer education.   The basic pre-requisite of the candidate is to have around 3 years of experience in key account management, have proficiency in Microsoft Excel, be flexible and open, have very good communication and interpersonal skills. The candidate also should be a graduate with a good academic background. The HR Executive would conduct the phone screen interview. The aim of this interview is to see if the candidate fulfills the basic criterion required for the job.  

Discourse Community Analysis Essay Example | Topics and Well Written Essays - 1000 words

Discourse Community Analysis - Essay Example Communication among the subjects of this paper is not very different from what is generally observed but is expressed through the most recent means brought about by technology like twitter, facebook and text messaging in addition to speaking and non-verbal methods of communicating. Having an account in the aforementioned social networking sites is now common not only to teenagers but to children and adults as well but this study limits itself among the teenagers alone. Updates, friendly chats, class discussions and other important matters are now easily accessed with the wide availability of the internet to every teenager in 16th street, Downtown so that most of them are updated with the latest local news and other interesting matters there could be discussed over the internet. The growing number of internet users now places teenagers without facebook or twitter accounts among the lower class who are not able to afford personal computers or internet connections or are rather poor eno ugh not to be able to go to school and become aware of such high technology developments. Other thoughts prevalent among teenagers about those who have no such accounts are considered to be old people who are not keen enough to learn how to manipulate the computer. In the exchange of ideas whether through face to face communication or through the internet and with the abundance of sites teenagers could visit but are not allowed by their parents, slang languages have been developed among the teenagers for them to hide things they do not like their parents to know. For instance, pornographic sites or images are referred to as ‘pron’ instead of the widely known term ‘porn’. This is to trick parents that what they are talking about or referring to are not offensive and also to let them stay away from them and their friends when they are discussing such matters. When they mention skittles, they are not talking about the candy bar rather the topic is about a type of drug commonly available to teenagers. No parent would ever suspect anything fearful with this attempt of the young people to hide their discussions from their parents so that even if they are hearing them say these things, the parents are just left clueless. Another common term used among teenagers in 16th street is the word ‘trannie’ or ‘tranzie’ which refers to trans-genders and come quite derogatory to those they refer to because they are usually singled out from their groups. Some slang terms are not just used to hide things from parents but from fellow teenagers as well in an attempt not to hurt their feelings like the formerly mentioned example which could be referred to a friend who is trans-sexual, accepted in a group yet is not far from being talked about. On the other groups’ point of view however, the words mentioned earlier place those who use them as rude or even members of some gang. Although the words usually hide the real topics f rom the untrained ears of older groups like parents, such talks also come with non-verbal communication that would express arrogance, haughtiness and some air of dislike to them so that they begin the