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 Plc

ABSTRACT The prudential guidelines for licensed banks which are based on globa banking standards, imposed far-reaching requirements in the classification of risk assets and provision for bad and doubtful debts. Since its introduction in November 1990 the implementation of the guidelines has had a profound impact on the operations of banks. In this project, the researcher has succeeded in identifying the features of the prudential guidelines as well as its impact on published financial statements of commercial banks in Nigeria. Published financial statement of the banks for the period of 1990 t…