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The impact of loans syndication on the economic development of Nigeria - case study of First Bank of Nigeria Plc

 Department: Banking and Finance  
 By: usericon samadchuks  

 Project ID: 4650
   Rating:  (5.0) votes: 1
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   Price:₦3000
Abstract
Every organization has the principal role of mobilizing financial resources and allocating them to different units within the same economic system. This report is based on how loan syndication enhances positively on the economic development of Nigeria. This project examined the extent to which commercial banks engage in loan syndication and some threats usually encountered by the banks. The research design employed in the study was the descriptive approach using survey structured questionnaire. The questionnaires were administered to facilitate data collection and the data collected was analyzed using simple percentage and chi-square test statistical tool. The result of the analysis shows that loan syndication does not enhance growth in the asset of banks but it does not increase bank profitability. From the above, the researcher recommended that banks should see loan syndication as a device through which their profitability can be improved. In other to ensure that the borrower fulfills the loan syndication contract agreement, bank should try to obtain all information required....
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