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Category: Project Material

THE IMPACTS OF THE N25 BILLION RECAPITALIZATION BY THE CENTRAL BANK OF NIGERIA ON COMMERCIAL BANKS

ABSTRACT/DESCRIPTION


This research work discussed the analysis effects of recapitalization of Nigeria Central Bank on the survival of commercial banks in Nigerian. A concise reason for this is because the banking industry in Nigeria has seen a lot of transformation in the process of restructuring programmes channeled towards resolving the existing problems of the industry by the central bank of Nigeria. The banking consolidation and recapitalization of commercial banks exercise which has shaped the structure of the Nigerian banking industry significantly. This was driven by the need to strengthen the banking sector and reposition the banks to be strong in order to meet up with the internationalization of financial and business globalization best practices. The exercise was deemed necessary because having a strong capital base increasing their ability to assume risk and absorb losses. Based on the findings, it is discovered that recapitalization and consolidation is a welcome development that is needed by the banks but it cannot stand alone in achieving all round soundness and stability desired by Central Bank of Nigeria, little thereafter banks are still faced with the post 2006 distress of banks even after the huge recapitalization reform and the Central Bank of Nigeria bailing out 8 banks with over 400 billion in 2012. Therefore, we recommend among other things the strict compliance to corporate governance practices, zero tolerance on misreporting and fraudulent practices, enforcing laws like the liabilities of board members of failing banks and finally, every business needs an enabling environment to enhance profitability.

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