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THE PERCEIVED IMPACT OF CENTRAL BANK OF NIGERIA BANKING REFORMS ON COMMERCIAL BANKS

ABSTRACT
Banking Industry reforms was intended to improve so many
indices in the banking industry. Some of the indices as
affected were; poor capitalization, inefficiency and
negligence, loss of depositor’s fund, poor management, poor
staffing, fraudulent practices, Bank Liquidation, High interest
rate, Heavy debts Loan racketeering and Little/no attraction
to investment. The magnitude of improvement of the current
indices and the former indices before the reforms are not the
same. The research sought to discern on the nature of
change in the indices after the reforms. The topic: The
perceived impact of the Central Bank of Nigeria banking
reforms on Commercial banks in meant to expose what
these reforms has done in the Nigerian Commercial banks
and why it is necessary.
It was observed that there had been a success in the
performance and the activities of the commercial banks after
these reforms. Having examined the above topic and
identified the problems and prospects, recommendations
were made to prove to these commercial banks that have
been reluctant in accepting these reforms to accept it in
good faith for its good interest to the economy.

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