THE PERCEIVED IMPACT OF CENTRAL BANK OF NIGERIA BANKING REFORMS ON COMMERCIAL BANKS

THE PERCEIVED IMPACT OF CENTRAL BANK OF NIGERIA BANKING REFORMS ON COMMERCIAL BANKS

ABSTRACT

Banking Industry reforms was intended to improve so many indices in the banking industry. Some of the indices as affected were; poor capitalization, inefficiency and negligence, loss of depositor’s fund, poor management, poor staffing, fraudulent practices, Bank Liquidation, High interest rate, Heavy debts Loan racketeering and Little/no attraction to investment. The magnitude of improvement of the current indices and the former indices before the reforms are not the same. The research sought to discern on the nature of change in the indices after the reforms. The topic: The perceived impact of the Central Bank of Nigeria banking reforms on Commercial banks in meant to expose what these reforms has  done in the Nigerian Commercial banks and why it is necessary. It was observed that there had been a success in the performance and the activities of the commercial banks after these reforms. Having examined the above topic and identified the problems and prospects, recommendations were made to prove to these commercial banks that have been reluctant in accepting these reforms to accept it in good faith for its good interest to the economy.