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Q: What is universal banking in nigeria?
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Related questions

What is the impact of universal banking in Nigeria economy?

What is the impact of universal banking on nigeria economy


What is responsible for the collapse of universal banking system in nigeria?

Political corruption.


What is the definition of banking sector reform in Nigeria?

The banking sector reform in Nigeria refers to the current changes that is taking place in Nigeria. These changes are aimed at streamlining the banking operations in Nigeria.


How is universal banking system operated?

how is universal banking system operted/


How does banking help in Nigeria?

Because it's banking.


What are the effects of using ATM in Nigeria banking sector?

The effectiveness of ATM in Nigeria is one of the easy banking


Is universal banking is also know as commercial banking?

Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.


The origin of banking in nigeria?

Banking in Nigeria started in 1892 but they did not have an official bank. The first attempt of a bank in Nigeria opened in 1929 before the Central Bank of Nigeria opened in 1959.


Historical evolution of commercial of banks in Nigeria?

evolution of commercial banking in Nigeria


Concept of universal banking?

Acitivity of a bank, besides conducting core banking activities, also undertakes marketing other financial instruments issued by other entities, then such banking activity is known as universal banking.


What are the role of computer in improving banking operation in Nigeria?

data base programming,Nigeria,C++ Programming


What are the disadvantages of universal banking?

One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.