Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

THE IMPACT OF CENTRAL BANK OF NIGERIA PRUDENTIAL GUIDELINES ON THE FINANCIAL STATEMENT OF LICENSED: A CASE STUDY OF FIRST BANK OF NIGERIA PLC AND UNION BANK OF NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 51 ::   Attributes: Data Analysis, abstract, table of content ::   1,376 people found this useful

Project Body:

CHAPTER ONE

 

INTRODUCTION

1.1 STATEMENT OF THE PROBLEM

Before the introduction of the prudential guidelines, according to CBN circular (1990) some banks were used to declaring huge but unrealized profit, otherwise referred to as “paper profit”. 

The following problems will be investigated in this study:

(a) Did profit figures of the selected commercial banks decrease significantly post prudential guidelines?

(b) Did provision for bad and doubtful debts increase significantly under prudential guidelines?

 

1.2 RATIONAL OF THE STUDY

According to Olufun (1991) prudential guidelines seeks to infuse sanity into the chaotic banking industry.

Before the introduction of the guidelines most banks were used to declaring what is known as “paper profit “ and off – balance sheet, engagement ceased to form part of the majority commercial banks balance sheet totals. The guide line will assist banks in improving the assessment of their credit performance as well as providing banks supervisors and auditors with enhanced assessment criteria for adequate capital provision for the protection of the banks. Strict observation of prudential rules by banks contribute towards the efficiency of monetary policy.

 

1.3 SIGNIFICANCE OF THE STUDY

Obviously some literature exists on the effects of the CBN 1990 prudential guide lines on the financial statement.

However, the need to up-data such information exists and cannot be over emphasized. Therefore this research was undertaken in other to contribute to the existing literature by up-data it as much as possible.

The major significance of this study is aimed at educating the readers on the impact of the CBN guidelines on the financial statement. It was intended to ensure prudence in credit portfolio classification, provisioning for no-performing facilities. It was necessary to have such prudence to ensure reliability in published accounting information and operating results by financial institutions plus some measures of uniformity in credit portfolio disclosures and interest accruals. According to Eghodaghe (1993) it will help the monetary authorities to know how far the guidelines have achieved it’s primary objective reduction in the declaration of paper profits by banks.

This study will assist the commercial bank in coming up with strategies that will enhance their credit portfolio and reduce loan losses and subsequent provision for bad and doubtful debts. Finally it will provide a good reading material for students of banking and finance, management, practicing bankers including other related professionals and will expose other possible areas of research.

 

 

 

 

1.4 DEFINITION OF TERMS

F B N: First Bank Of Nigeria PLC

U B N: Union Bank of Nigeria PLC

C B N: Central Bank of Nigeria.

PORTFOLIO: According to Odoh (1998) is a list of securities held by and investor. A good portfolio will show a wide spread of investment in order to reduce the risk of loss.

 

BAD AND DOUBTFUL DEBTS:- It is referred to all non performing credit facilities to reflect such specification in the central bank prudential guidelines.

 

Monetary Policy:- A policy which deals with discretionary controls of money supply by monetary authorities (Orji 1998).

 

PRUDENTIAL GUIDELINES: According to Nwankwo (1991).

Prudential guidelines is a body of specific rules or agreed behaviour either imposed by some government or external agency that controls the activities and business of operation of the institutions.

PERFORMING ASSETS: These are those credit on which payment of both principal and interest are up to data in accordance with the agreed repayment terms. (Nigeria Accounting standard Board 1990).

NON-PERFORMING ASSETS:- Credits on which payment of both principal and interest are up to date in accordance with the agreed repayment term.

FINANCIAL STATEMANT:- According to Nigeria Accounting standard Board (1984) is a report which consist of Balance sheet, profit and loss account or income statement, the notes of the account, source and application of funds statement, value added statement and historical financial summary.

PAPER PROFIT :- False profit declaration.


Get The Complete Project »

Project Department:

MORE BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   3757 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   2780 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3002 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7276 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   2416 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good
  • 2. Grace Madu from IMT enugu said "Thank you so much; i will tell my friends about you guys!!! Please give them a good job just like mine!!! God bless you!!!".
    Rating: Excellent
  • 3. Favour Adeoti from Unimaid said "For the good deeds and help to students like me, may God almighty continue to bless u and empower you to do more. Thank u very much...".
    Rating: Excellent
  • 4. Saddiq Abubakar Shuaibu from ESAE BENIN UNIVERSITY said "I check your site because I want you to help do this project thank you".
    Rating: Excellent
  • 5. Temitope Olumide from UAM makurdi said "I can not believe i could trust online platforms but you prove to me that there are still some good people out there. Thank you Mr Donald".
    Rating: Excellent
  • 6. Topeola Atinuke from the bells said "hmmmm, not sure yet about all dis comment still working on dem yet....tank u".
    Rating: Average

Paper Information

Format:ms word
Chapter:1-5
Pages:51
Attribute:Data Analysis, abstract, table of content
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives