In the last fifty years technology has came a long way but this is especially true with feedlots. Feedlots have gone from a cowboy and a horse checking on steers to computers in tractors making sure everything get feed an even amount. From pouring feed in a trough to using a thirty five thousand dollar machine to mix a proper TMR ration. Because of advancements like this we can now have a steer ready for slaughter in 485 days from birth compared to in the 609 days it took back in the seventies. That
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Banking Industry The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. However deregulation and technology led to a revolution in the Banking Industry that saw it transformed. Banks have become global industrial powerhouses that have created ever more complex products that use risk and securitisation in models that only PhD students can understand. Through technology development‚
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The effect of information technology on the operation of deposit money banks in Nigeria cannot be overemphasized. New and better information technology entails that banks can add the service ‘differentiator’ to their products in a way. However‚ enabling tools which developed information technology can provide will make a significant effect on the operations of deposit money banks in Nigeria . The key to efficient banking lies in maximizing the use of information technology. The brave new
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COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses under
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INTRODUCTION: Technology in today’s modern environment plays a major role in all aspects of society‚ with widespread use in a majority of industry and business sectors. In today’s global economy many industries have to invest heavily in Information technology in order to keep its competitive advantage and to ensure they will be able to compete with competitors who now operate within a global economy. It can be said that there is an established trend within the financial services sector of
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Managing Challenges in Banking Industry By: Dr. Sudhindra Bhat MBA‚ MFM‚ ACS‚ M.Phil‚ PGDS&MM‚ PGDIR&PM‚ PhD** Management Faculty‚ Consultant and Corporate Trainer Acharya Institute of Management and Sciences 1st Cross‚ 1st stage‚ Peenya industrial Area‚ Bangalore-560 058 E-mail: bhatt1978@yahoo.com Financial System is the most important institutional and functional vehicle for economic transformation of any country. Banking sector is reckoned as a hub and barometer of the financial
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distinguished itself as a leading institution and a major contributor to the economic advancement in Nigeria. Guaranty Trust Bank Plc with its headquarter at Victoria Island‚ Lagos as at December 2011 had an operating income of N141.729 billion‚ net income of N52.654 billion‚ total asset of N1‚525.010 billion and a total equity of N235.911 billion and it had more than two thousand‚five hundred employees in Nigeria. Its subsidiaries include Guaranty Trust Assurance Plc‚ GTB Registrars Ltd‚ GT Homes Ltd‚ GTB
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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Exploratory Study on Adoption of Electronic Banking: Underlying Consumer Behaviour and Critical Success Factors. Case of Nigeria. Alhaji Abubakar Aliyu Department of Technology Management‚ Faculty of Technology Management‚ Business and Entrepreneurships‚ Universiti Tun Hussein Onn Malaysia‚ 86400‚ Parit Raja‚ Batu Pahat‚ Darul Ta’zim‚ Johor‚ Malaysia E-mail: gp1100472@siswa.uthm.edu.my Sayf M.D Younus Department of Technology Management‚ Faculty of Technology Management‚ Business and Entrepreneurships
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AHMADU BELLO UNIVERSITY ZARIA FACULTY OF ADMINISTRATION DEPARTMENT OF ACCOUNTING AUDIT MANAGEMENT ACCT 707 USENI YUSUF ONWUDE MBF/ADMIN/0483/2009-2010 [pic][pic]INTRODUCTION SOLUDO.C (2004: 4) The Nigerian banking system has undergone remarkable changes over the years‚ in terms of the number of institutions‚ ownership structure‚ as well as depth and breadth of operations. These changes have been influenced largely by challenges posed by deregulation of the
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