JAMB - Economics (2014 - No. 21)

One of the challenges facing the banking industry in Nigeria is
ensuring technological security
providing employment
providing loans for investment
creating more money

Explanation

Some challenges faced by nigerian banks;

  • Weak capital base. 
  • Ethics and professionalism.
  • Poor corporate governance practices. 
  • Reliance on public sector funds. 
  • Slow GDP growth.

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