The Impact Of Banking Regulation And Supervision In Nigeria Commercial Banks

CHAPTER ONE1.0    INTRODUCTIONModern commercial banking in Nigeria dates back to the early period.  The decline in barter system of trade and the rise in financial transaction of the colonial government required an institution in the form of commercial bank for safety and transmission of fund.  It was for purpose that African banking corporation based in South Africa an was invited in 1892 to open a branch office in Lagos but its existence was made precarious by the trade depression which hit Lagos in that year.  In the year 1894, its operations were taken over by…