The socioeconomic implications of the recent bank reforms in Nigeria 2010-2017 - case study of First bank plc and Union bank plc Department: Banking and Finance By: Arinze1 Project ID: 5215 Rating: (5.0) votes: 1Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis research was centered on the recent bank reforms in Nigeria using first bank Plc and Union bank Plc as a case study. The overriding objectives were to measure the effects of reforms of banks on the economy. To evaluate the soundness of banks' corporate governance and code of conduct. To determine the contributions of banks to the socioeconomic development of the country. To investigate the causes of poor performance of Nigerian banks. The focus of this work is to review the theoretical underpinning of the banking reforms. Among the four phases of banking sector reforms are easily discernable in Nigeria since 1986. The first is the reforms of the financial system which led to the deregulation of the banking industry another is also the re-introduction of regulations, and the liberalization of the financial sectors. Primary and secondary method of data collection was used in obtaining relevant information used in writing this project. Out of the 24 consolidated banks, 2 were sampled using a structured questionnaire, analyzed with the instrument of central tendency and tested with chi-square. Tabular presentation was used in the presentation of data, analysis of data was done using percentages, chi-square was used in the testing of hypothesis and the result interpreted based on the decision rules stated that bank reforms and sanitization have a significant effect on corporate governance and code of conduct of the bank. Conclusion and recommendation are that recent bank reforms are strong and viable. Banks are the live wire of any human society be it a developed, developing and underdeveloped economy. Adequate rules and regulations must be implemented in other to always strengthen the banking sector....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)