Financial Distress in the Nigeria Banking Industry

The issue of financial distress in the Nigerian banking industry has become the ‘Consequences of bank failures, the problem has become a major source of concern to the government, the regulations of financial institutions and to the general public. The experience of Nigerians during the first era of bank failures in Nigerian between 1953 to 1959 was such that generated understandable apprehension among the banking public. Unfortunately, the problem has reducing up till now in the Nigerian financial system. Also distress in Nigerian banking system is a phenomenon that must be tackle with every amount of Vigor in order to minimize its occurrence in the economy. [Read more…]