Department of Banking and Finance

DEPARTMENT OF BANKING AND FINANCE

YEAR ONE: FIRST SEMESTER

YEAR ONE: SECOND SEMESTER

YEAR TWO: FIRST SEMESTER

YEAR TWO: SECOND SEMESTER

YEAR THREE: FIRST SEMESTER

YEAR THREE: SECOND SEMESTER

YEAR FOUR: FIRST SEMESTER

YEAR FOUR :SECOND SEMESTER                     

YEAR FIVE: FIRST SEMESTER

YEAR FIVE: SECOND SEMESTER

YEAR SIX: FIRST SEMESTER

YEAR SIX: SECOND SEMESTER

COURSE DESCRIPTIONS

A: BANKING COURSES

1. BNK 201 ELEMENT OF BANKING (3 CREDIT UNITS)
2. Money: The basic concept of money the functions and significance of money, the role of money in an economy, the Barter Economy and its problems.

Types of money; How Banks create money; definition and measurement of money; the evolution, of the money system in Nigeria and the West Africa currency Board.

1. Central Banking: Establishment and growth of the Central Bank of Nigeria, the functions of the Central Bank of Nigeria, the structure of the central bank balance sheet
2. Commercial Banking: The Evolution of Commercial Banking in Nigeria, Structure of Commercial Banking, and Commercial Bank’s balance sheet analysis.
3. Other Financial Institutions: Merchant Banks: History, Development and Functions, Introduction to Development Banking, The NIDB, NBCI, NACB, FMB FSB, and other non-bank financial institutions.
4. BNK 202 BUSINESS COMMUNICATION (3 CREDIT UNITS)

The operations of Nigerian Commercial banks’ Profitability and Liquidity. An Analysis of the Assets Structure of Nigerian Commercial Banks, Capital Management and capital Adequacy.

Bank Lending I: Basic principles of Lending; Cannons of Lending; Securities acceptable to the Nigerian Bankers.

Bank Lending II: Financial statement analysis and interpretation.

Theories of Money: The Theories of Demand for a Supply of money; monetary policy in Nigeria; The Nigerian Financial System, The Nigerian Capital and Money market.

3. BNK 311: MONETARY THEORY AND FISCAL POLICY (3 CREDIT UNITS)

The structure and functions of financial system and markets. General outline of financial institutions, markets and their roles. Competition between banks and other financial institutions. Theories of Money; Money Supply and Demand, Demand and supply of Financial Assets; Determination of Money stock; interest and prices; stabilization policies, Meaning of Monetary Techniques and Efforts; Pottery Objectives; Conflicts Trade-off and Co-ordination; International Adjustments and Liquidity,

4. BNK 321 AND 322; MONEY AND BANKING I &II (3 CREDIDT UNITS EACH)
5. Money: its definition; Nature and significance. The value of money (Index Number); The Theories of money; Interest rates; Prices and output and the implications for real economic variables; Money and the National Economy Income and prices; Circular flow of money in the capitalist and socialist economies.
6. Central Banking: Functions and credit control; Definitions of a Central Bank; Central Banking; Methods of Credit Control; and Monetary Policies.
7. Commercial Banking: Meaning, Functions, The Balance sheet analysis, Organization and structure of Commercial banks, Commercial Banks, Bank Capital Management and Capital Adequacy, Profitability, Liquidity and Solvency.

5. BNK 322: COMPARATIVE BANKING SYSTEM (3 CREDIT UNITS)

Political Economy of Banking: Banking Under Capitalism, Banking and Socialism, Inter-Country Comparison of Regulations and Conducts of Banks, Inter-Temporal, Comparison of Banking in Nigeria.

The History and Development of Nigerian Banking system: Structure of Nigerian Banking System, The Central Bank, Commercial Banks, Merchant Banks and Development Banks. Other Banking institutions, The Banking System of the United States of America, British Banking System, The Banking System of Italy, German Banking System, Japanese Banking System, Canada, Swiss Banking System, and other relevant developments.

6. BNK 324: BANKING LAWS AND REGULATIONS (3 CREDIT UNITS)

History of Banking Laws And Legislation Landmarks In Nigeria; Periods 1952-1958, Rationale For Regulation of Banking Business In Nigeria

Background To The Prudential Regulation In Nigeria Banking; First Phase To The Fifth Phase Methodology Of Prudential Regulations In Nigeria, Authority And Coverage; Classification And Approaches of Prudential Regulations; Structural, Prudential And Fair Play Regulations.

The Philosophy of Prudential Regulation In Nigeria, Styles Of Intervention And Effectiveness of Regulations.

Detailed study of the Bill of Exchange Act Cap 21, Law of the Federal of Nigeria 1958 as amended by the Bills of Exchange Act 1964, Currency Statutes of Banking Regulations in Nigeria;

The prudential guidelines for licensed banks of 1990; Central Bank of Nigeria, CBN, Decree NO 24 of 1991 and banks and other Financial Institutions Decree No. 25 of 1991 (BOFIA), Current CBN Monetary and Credit Policy Guidelines for the fiscal year.

Banking Laws and Regulations and their effects on Banks performance.

7. BNK 328: FINANCIAL SYSTEMS (3 CREDIT UNITS)

The Central Bank; Commercial Banks; Merchant Banks; Development Banks; Investment Companies, Insurance Companies etc. Roles, Functions, Evolution, Structure and Performance, Rural Banking and Financial Institutions International Financial System.

8. BNK 352: MARKETING FINANCIAL SERVICES (3 CREDIT UNITS) What is Bank is Marketing? Bank Marketing versus Good marketing; Why Bank Marketing; Strategies for Effective Marketing techniques and tools for the marketing of these services; Types of Services available:

Categories of Services

Personal Services

Business Services

General Services

Analysis of the service under each category, Analysis of the range of services to the needs of specific types of customers, Public Relations in Banking and the Marketing philosophy.

9. BNK 302: BANKING METHODS AND PROCESS (3 CREDIT UNITS)

Banking and the mechanism; Mode and methods of payment; Evolution of Banking methods and processes; Instruments of payments in the Banking system; Clearing Houses; Electronic and remote control; Funds Transfer System social aspects of banking processes.

Negotiable instruments: Attributes of negotiable instruments, Quasi-negotiable instruments; Instruments, negotiations; payments and discharge of bills, etc. Cheques, uses and significance; Crossing of cheques; Limitations of cheques, Drafts and other analogous Instruments.

10. BNK 402 BANK LENDING AND LOAN ADMINISTRATION (3 CREDIT UNITS)

Objectives of bank lending and credit administration. Lending Appraisal and Decisions. Types of Loan supervision and security, problems of default and debts; Securities/ or bank lending types, perfection and realization.

11. BNK 425: INVESTMENT BANKING (3 CREDIT UNITS) Evolution of Merchant Banks. Distinguishing features and functions of Merchant Banking; Laws and Regulations guiding Merchant Banking. Control of Merchant Banks, Merchant Banks in Nigeria, Syndication, Merchant Bank International Operations, Leasing operation.

12. BNK 421: PRACTICE OF BANKING (3 CREDIT UNITS)
13. Bankers/Customers relationship. Rules governing banker and customer relationship, terms of contract between bankers and customers, bankers rights, lien, Set-off appropriation of payments, etc.

Banker’s duties duty of secrecy, Bankers opinions, customer’s right and responsibilities; Types of Accounts Holders, Opening and conduct of accounts for ail customers particularly the following; Minors and infants, Private customers, Executors, Administrators and Trustees, Solicitors, Clubs, Societies, Partnership, Limited Liability Companies, Liquidators and Receivers. Bank Statement, Procedure for closing an account. Termination of Bankers authority to pay; death, mental incapacity, bankruptcy, winding up of Limited Liability Companies, Issue of Garnished of the payment of cheques, etc.

Duties and responsibilities of the paying banker.

Duties and responsibilities of the collecting banker.

13. INS 201: INTRODUCTION TO INSURANCE (2 CREDIT UNITS)

Historical development of Insurance; Nature and Scope of Insurance; Nature of risk; Insurance contracts; Classes of Insurance; Functions of Insurance; Highlights of Insurance Principles, Traditional Social Insurance; Social Insurances, Wagering Contracts; Current Legislations in Nigeria on Insurance Business.

14. INS 202: PRINCIPLES AND PRACTICE OF INSURANCE (2 CREDIT UNITS)

The General Principles of Insurance: insurable Interest, Utmost Good Faith, Indemnity, Subrogation, Contribution, and Proximate Cause , insurance documentations; Proposal form. Policy Form, Cover Notes, Renewal. Insurance Certificates, Endorsements and other professional documents, Insurance markets; The Insurance Company, The Insuring Public, The insurance Intermediaries agents and Brokers and the Insurance support services. The Insurance Market Association, insurance Underwriting and Premium; Claims in Insurance, Re-Insurance, and Insurance Image.

15. BNK 331 BUSINESS ETHICS (2 CREDIT UNITS)

The rights and Obligations of Corporate Management. Concepts of Corporate Good; Corporate Fiduciary Relationship with Employees, Owners, Creditors and Government. Conflict and Interest, Secrecy and Espionage in Industry and Commerce, Fair Sales Contract. Fraud and Deception; Ethics in Pricing, Discriminatory Pricing for Banking Services, Efficiency and Fairness in Competition; Denigration of Competitors and Unethical Co-operation, The Social Conscience; Business and the Social Economy; The Social Conscience; Business and the social Economy; The Myth of Government Intervention; The Transcendental Margin, Social Costs and Benefits of Private Enterprises. Costs of Inefficiencies in Government Business and the Economics of Lobbying. Corporate Social Responsibility, Accountably, Transparency and Good governance in Business.

1. FINANCE COURSES

1. FIN 201 AND FIN 202: BUSINESS FINANCE I AND II (3 CREDIT UNITS SEACH)

Meaning and types of finance. The availability of finance: Internal and External Financial of modern corporations. Finance and its relationship to the overall operation and management of the corporation; Stock exchange practice and regulations, Management of financial resources, measurement of Success in attaining corporate financial goals by the feast use of short term and long financial resources, capital gearing and optimal financing, capital budgeting techniques and procedures. Financial Statement Analysis, Introduction to Financial Mathematics.

2. FIN 323: PUBLIC FINANCE (3 CREDIT UNITS)

Introduction: Meaning and Definition of public finance. What public finance is all about; sources of government revenue; items of Government expenditure, Reasons for growth in government expenditure. Taxation: structure and composition of the Nigerian tax system Meaning/ definition of taxation; elements of taxation; progressive, proportional and regressive taxes (direct and indirect) advantages and disadvantages of direct and indirect taxes; principles of taxation, tax incidence and effects of taxation (on production planning and other effects)

Government budgeting: nature and definition of budgets, budget cycles; types of budgets; budget approached; functions/ uses of budget. Capital budgeting meaning and definition, classification and techniques. Debt/National debt Meaning, Features of internal and external debts, structure of public debt, management of public debt. Revenue allocation in Nigeria

3. FIN 334: INVESTMENT ANALYSIS AND MANGEMENT (3CREDIT UNITS)

The nature of investment decision, basic concept tome value of money, cash flows, compound interest, present value of annuities, terminal values, perpetuities. Cost of capital. Methods of investment appraisal Pay back. Discounted cash flow

Time –adjusted rate of return. Net present value, replacement, and lease or buy decisions, problems of investment appraisal techniques.

Interpretation of financial statements. Capital structure and gearing, Dividend policy decision, Valuation of Business security pricing, mergers, acquisitions and selection, problems with mixed asset portfolio.

Capital market: efficiency and imperfections, constraints, expectations, convergence and the efficient market hypothesis.

4. FIN 301: FINANCIAL MANAGEMENT (3 CREDIT UNITS EACH)

Introduction, nature and role of Financial Management functions of the Financial Manager.

1. Financial ratio analysis: basic financial statements, categories of financial ratio, (liquidity ratio, leverage ratio and profitability ratio). Profit of ability in relations to investment, DUPONT system of financial analysis, uses of financial ratio, criticisms of the financial ratios. Financial investing, planning and budgeting: cash flow cycle, forecasting cash flows, budgeting period, pro-forms balance sheet, financial controls capital investment analysis: cash flows, methods of project evaluation, capital budgeting under uncertainty, cost of capital, the concept of cost of capital, factors determining the cost of capital, computing the weighted cost of capital. Marginal cost of capital
2. Working capital management: introduction, cash and marketable securities management, accounts receivables and investors managements. Source of Finance short, medium and long term financing institutions in Nigeria and international financial institutions, Bank and Non-Non bank financial institutions, World Bank group, IMF, etc. raising fund in the financial market Nigerian Stock Exchange.
3. Capital structure: (planning Firms Financing Mix) capital structure theory, tax deductibility of interest income, the likelihood of firms failure, basic tools of capital structure management, right issue, script issue, and bonus issue
4. Dividend policy: objectives, forms and types of dividend policy, constraints on Dividend Payment.

5. FIN 425: INTERNATIONAL FINANCE (3 CREDIT UNITS)

Investment Payment: source and uses of foreign exchange balance of payment, structure of balance of payment accounts. Planned versus realized transactions, equilibrium and disequilibrium and the model of balance of payment, disequilibrium and the model of balance of payment, nature of payment adjustments.

Foreign exchange market arid its efficiency: demand for exchange, properties of the demand for foreign exchange supply curve for foreign exchange.

Theory and practice of devaluation international financial institutions and market: functions, features and instruments, structures and performances

International capital Rows, method of settlement, the exchange, documentary credit, forward exchange, currency markets, exchange and trade controls.

6. FIN 411 AND 412: CAPITAL MARKET AND PPORTFOLIO THEORY I AND II (3 CREDIT UNITS EACH)

Understanding the origin, meaning, instrument participants and operations of the stock exchange. Stock exchange, growth, structure, performance in Nigeria. Capital market theory and current state of Empirical Evidence of models for evaluation of portfolio performance. Study of portfolio selection and management. Forecasting returns individual portfolios

Study of portfolio selection and management, risk and returns, potential profitability of various investments, forecasting returns on individual portfolios, stock exchange growth. Structure, performance in Nigeria, capital market theory, and current state of empirical evidence of modals for evaluation of portfolio performance.

7              FIN442: PROJECT EVALUATION (3 CREDIT UNITS)

Project Concept and Dimension, Project Cycles, Techniques of Project Identification, Elements of project analysis; Assessment of risk and uncertainty, Project evaluation and review technique (P.E.R.T), Project implementation, Assessment of social profitability.

BAF 499: PROJECT REPORT (6 CREDIT UNITS)

Final year students are expected to carry out a field research project on current issues in banking or finance. Topic to be researched and reviewed on must first be approved by the student’s supervisor.

At the end of the research, report shall be written and submitted. The report will be graded by the departmental board of examiners after an oral defence by the student