The Impact Of Bank Distress On Commercial Banks In Nigeria (a Case Study Of First Bank Of Nigeria Plc)

ABSTRACTIn any modern economy, the efficient production and exchange of goods and services requires money and bank is the instrument for affecting it. The last few years have been both traumatic and revolutionary for the banking industry. The industry produced the largest number of technically insolvent and under capitalized banks. The magnitude of distress in the nation’s banking industry reached on unprecedented level making it an issue of concern to the government, the regulatory authority, the bankers and the general public.The Nigeria banking scene was characterized by changes designed to…