THE BANKING INDUSTRY AND THE NIGERIAN ECONOMY POST-CONSOLIDATION By B. B. EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry
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Merit and demerit goods Merit goods Merit goods are also things that are ’good’ for you‚ but unlike public goods they can be provided privately. The problem is that if they are provided solely by the private sector then they tend to be under-consumed‚ so‚ again‚ the government has to step in to correct the market failure. The best two examples are health and education. Both of these goods can be provided privately. Some of you may be at a private school (or independent school‚ as they are called)
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MERITS AND DEMERITS OF FDI --Rosesforme METHODOLOGY: Qualitative and descriptive text. Also‚ the enumerated points for Merits and Demerits have been substantiated with relevant examples and/or data in the form of Case point. OBJECTIVES: An attempt has been made to make this report country-specific; therefore‚ the merits and demerits; the advantages and disadvantages‚ as would be almost similar with all developing countries‚ have been co-related with India’s dynamics and some data has
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Merits and Demerits of Shakespeare In Preface to Shakespeare‚ Johnson has shown the merits and demerits of Shakespeare based on the plays he has edited. Here he gives the readers some sound ideas about the virtues and faults of Shakespeare. That Shakespeare’s characters have am interaction with nature and that his works have a universal appeal are the major assertions of Johnson in favour of Shakespeare’s merits and what he says about the demerit of Shakespeare is that Shakespeare tries more to
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that the introduction of ATM has changed the face of electronic payment in Nigeria. This essay hopes to appraise the advent of ATM driven payment with regard to the present and future. 2.0 ORIGIN OF ATM IN NIGERIA Automated Teller Machines (ATM) was introduced into the Nigerian market in 1989‚ as a matter of fact‚ the very first ATM in Nigeria was installed by National Cash Registers (NCR) for the defunct Societe Generale Bank Nigeria (SGBN) in 1989. 2.1 BANKS AND ATMS Banks in the country are
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What are the Merits and Demerits of internet Merits • Shopping: Along with getting information on the Internet‚ you can also shop online. There are many online stores and sites that can be used to look for products as well as buy them using your credit card. You do not need to leave your house and can do all your shopping from the convenience of your home. • Online Chat: There are many ’chat rooms’ on the web that can be accessed to meet new people‚ make new friends‚ as well as to stay in
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What are the merits and demerits of science? how science is useful to us? what are it’s diaadvantages.?that’s my question. 3 years ago Report Abuse by Proto Member since: September 10‚ 2006 Total points: 40043 (Level 7) Badge Image: Add to My Contacts Block User Best Answer - Chosen by Voters Since is the systematic collection of information about the universe through the observation of natural phenomena. So it’s really just a disciplined accumulation of knowledge
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We all know that every child is unique. Every child has different skills and potential. The same goes with every child’s ability to learn at school. Some child can grasp school lessons faster as compared to other children. How the child performs in school should not be compared to other children because each child has a different learning pace. Brilliant students would need to compete with other students who get good grades for them to be able to keep their rank in school. At the same time‚ those
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Introduction Globalization or (globalisation) is the process by which the people of the world are unified into a single society and function together. Globalization is often used to refer to economic globalization: the integration of national economies into the international economy through trade‚ foreign direct investment‚ capital flows‚ migration‚ and the spread of technology. This process is usually recognized as being driven by a combination of economic‚ technological‚ socio-cultural‚ political
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Democracy Democracy is considered to be the best form of government these days. Most of the countries in the world have adopted it. The following arguments have been given in favour of Democracy: (i) Safeguards the interests of the people: Chief merit of democracy lies in that it safeguards the interests of the people. Real power lies in the hands of the people who exercise it by the representatives elected by them and who are responsible to them. It is said that social‚ economic and political interests
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