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easy ,corruption in the banking sector,so called rich men making deals with bank MDs and taking loans without paying back...see wats happening now in Nigeria,ocienic bank,igbru and co.wat a shame.

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13y ago
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12y ago

corruption in the banking sector,so called rich men making deals with bank MDs and taking loans without paying back.

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12y ago

corruption

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Q: Causes of economic meltdown in Nigeria?
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Related questions

What is the Impact of global economic meltdown on management of employment in Nigeria?

...sorry no can do


What is the effect of economic meltdown in Nigeria?

Prices of goods increased from the normal state.


What are the effects of global economic meltdown on Nigeria's banking sector?

More email scams.


What are causes of the economic meltdown in Nigeria?

Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. For a full discussion on how it affects Nigeria, see the Related Link below.


What is economic meltdown is all about?

This has to do with the global reduction of economic funds or money in a state. It has affected countries like Nigeria because of the large number of people who have no link to the economic wealth of our nation and also the high amount of illiterates and money embezzlers in the nation.


What is economic meltdown in relation to global economic crises?

A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.


Causes of economic meltdown?

it is caused by the disorder in the economy of a nation which later causes the GDP of the particular nation to decrease.there is a link between this phenonenom and the law of diminishing return.


What is Economic meltdown and it relevance in banking industry?

If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.


The meaning of financial meltdown?

Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle. The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc


What is global melt down?

global meltdown is when the sun is getting closer to earth which causes global heating which then causes global meltdown


The value of professionalism in economic meltdown?

It is going to take professionalism to deal with economic problems successfully.


What is global economic meltdown in full?

It means the word is facing a recession.