The Effect Of Bank Consolidation On The Performance Of The Nigerian Capital Market

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The banking system plays a fundamental role in the growth and development of any economy. In fact, the health of the banking system of a nation determines the well-being of the economy (Osaze 2000).The  banking sector in Nigeria had undergone a number of major reforms over the last two decades brought about  by the restructuring and liberalization of the financial sector as well as technological improvements. Before 1987, the Nigerian monetary authorities restricted entry, controlled branch expansion and set both deposit and lending rates. T…