Global Financial Meltdown And Its Effects On Nigeria Banking Sector (a Case Study Of Intercontinental Bank And First Bank Plc)

 ABSTRACTBOTH DEVELOPED AND DEVELOPING COUNTRIES AROUND THE WORLD HAVE BEEN WORRIED OVER THE EFFECT OF THE GLOBAL FINANCIAL CRISIS ON THEIR LOCAL ECONOMICS. ONE WOULD HAVE NOTICED THAT NIGERIA IS NOT EXEMPTED FROM THE CRISIS. THIS IS THE MAJOR REASON WHY THIS PROJECT WAS EMBARKED UPON TO ASCERTAIN THE EFFECTS OF THIS GLOBAL FINANCIAL CRISIS ON OUR ECONOMY BUT WITH THE BANKING SECTOR AS OUR CASE STUDY. THE PROBLEM CAUSED BY THIS GLOBAL FINANCIAL CRISIS ON OUR ECONOMY AND ESPECIALLY THE BANKING SECTOR CANNOT BE OVER EMPHASIED. THE PROBLEMS TYPICALLY INCLUDE INCREASE UNEMPLOYMENT, DECREASED CONSU…