Causes and Effects of Banking Distress in Nigeria Banking Industry

Abstract

Banking distress possess a lot of threat and losing of confidence in the industry. Despite all the attempt made by the supervisory authorities the problem still remains the same. The problem of distress in the Nigeria banking industry has been a major issue to all the stakeholders, investors in the economy and also to the business world at large. This research work focused mainly on the causes and effects of distress of banking industry in Nigeria.it sought to address the following questions: History of banking distress in Nigeria, what is distress? What factors determine or bring about banking distress in Nigeria. Secondary data was adopted for the purpose of this research work through internet, central bank of Nigeria annual report, Nigeria Deposit Insurance Corporation (NDIC) Report, published journals