ABSTRACT

The global phenomenon in the financial service industry is the consolidation of the financial activities towards ensuring financial stability. It is occurring at a rapid pace due to changes in economic environment, which often alter the constraints faced by financial service firms.  The main objective of this study is to examine the effect of recapitalization of banks on Nigerian economy. Secondary data was gathered from CBN statistical bulletin on GDP, bank capitalization, number of distressed banks, number of banks, from the year 1990-2007. The gathered data was analyzed using the multiple regression models on statistical package for social sciences (SPSS). The research showed a strong correlation coefficient between the dependent and the independent variables. Hence, our finding revealed that there is a significant and thus positive relationship between bank recapitalization, number of banks, number of distressed banks and GDP. Hence, this research work recommends that there should be effective training and manpower development, asset management company (AMC), cross border merger, and the use of modern information and communication technology. These are to ensure stability, effectiveness and efficiency in the system. Thus, from the analyzed data and other findings, this research work concludes by recapitalization of banks as improved the Nigerian economy. 

TABLE OF CONTENTS

Contents                                                                                

Title of page                                                                            

Abstract                                                                                  

Table of Contents                                                                    

CHAPTER ONE: INTRODUCTION   

1.1       Background of the Study                                              

1.2       Problem Identification                                                   

1.3       Research Question                                                        

1.4       Purpose of the study                                                     

1.5       Research Hypothesis                                                    

1.6       Research Methodology                                                  

1.7       Significance of the Study                                              

1.8       Scope and Limitation                                                    

1.9       Plan of Study                                                                

1.10     Definition of Term                                                           

         CHAPTER TWO: LITERATURE REVIEW 

2.0       Introduction                                                                  

2.1       Evolution of banking in Nigeria                                     

2.2       The Role of the Banking System in Economic               

2.3       Historical Perspective of Recapitalization                      

2.4       Banking Sector Reform and Bank Consolidation     

2.5       Facet in Reform and Conceptional Issues on Consolidation in the

            Banking Sector                             

2.6       Rationale for Banking System Reform in Nigeria           

2.7       The Objectives of banking Sector Reform                      

2.8       Drives and Capital Success Issues in the

            Banking Consolidation                                                 

2.9       Nigerian Banking Industry Consolidation                     

2.10     The Challenges of Consolidation                                   

2.11     Banks that met the N25 Billion Minimum capital requirement and the

Banks constituting each group    

2.12     Selected Literature Review                                            

CHAPTER THREE: RESEARCH METHODOLOGY

3.1       Introduction                                                                  

3.2       Re-statement of Hypothesis                                          

3.3       Re-statement of Model                                                  

3.4       Nature and Source of Data                                            

3.5       Method of Analysis                                                        

3.6       Scope and Limitation                                                                                           

CHAPTER FOUR: ANALYSIS OF DATA AND DISCUSSION OF RESULT

4.1       Introduction                                                                  

4.2       Presentation of Result                                                  

4.3       Discussion of Result                                                     

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1       Introduction                                                                  

5.2       Summary                                                                      

5.3       Conclusion                                                                    

5.4       Recommendation                                                          

5.5     Suggestion for Further Study

References

Bibliography

Regression