Prior to the 1986 adoption of the Structural Adjustment Programme (SAP) in Nigeria, the government was the main player both in the practice and regulation of banking in the country. At the time, this arrangement was expedient given the government objective of preventing the domination of a very...

This paper examines the various theoretical issues in regulation with a view to enhancing understanding of the regulation arena. Special emphasis has been placed on the banking industry. The paper shows how regulation serves different purposes for different interest groups on different...