The Impact Of Central Bank Of Nigeria Prudential Guidelines On The Financial Statement Of Licensed: A Case Study Of First Bank Of Nigeria Plc And Union Bank Of Nigeria

CHAPTER ONE INTRODUCTION 1.1 STATEMENT OF THE PROBLEM Before the introduction of the prudential guidelines, according to CBN circular (1990) some banks were used to declaring huge but unrealized profit, otherwise referred to as “paper profit”.  The following problems will be investigated in this study: (a) Did profit figures of the selected commercial banks decrease significantly post prudential guidelines? (b) Did provision for bad and doubtful debts increase significantly under prudential guidelines? 1.2 RATIONAL OF THE STUDY According to Olufun (1991) prudential guidelines seeks to infus…