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Nigeria has always had one reform or the other. These reforms were initiated in response to the desires of the “reformers” to improve a given situation and span such sectors as power, insurance, banking, agriculture, etc.In this note, the author articulated some of the reforms in the...
Persistent link: https://www.econbiz.de/10013139813
Recently the Central Bank of Nigeria (CBN) issued a policy making it mandatory for the CEO of Banks operating in Nigeria to have a maximum fixed tenure of ten years (i.e five years in the first instance which can only be renewed once). The policy became effective retroactively, hence bank CEOs...
Persistent link: https://www.econbiz.de/10013148609
The problem of distress or outright bank failure has always featured in the Nigerian banking industry. However, never in history has the degree and scope of the distress been as high as witnessed in the mid 90's.The present global financial crisis seems to be an off-shoot of what happened in the...
Persistent link: https://www.econbiz.de/10013154176
In Sub-Saharan Africa, and indeed in most emerging economies, national governments have in one way or the other (in varying degrees) intervened in the running of corporations.These interventions (usually referred to as reforms) have been eliciting discourses on whether Governments should show...
Persistent link: https://www.econbiz.de/10013131249