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One of the challenges facing the banking industry in Nigeria is

Economics
JAMB 2014

One of the challenges facing the banking industry in Nigeria is

  • A. ensuring technological security
  • B. providing employment
  • C. providing loans for investment
  • D. creating more money
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Correct Answer: Option C
Explanation

Some challenges faced by nigerian banks;

  • Weak capital base. 
  • Ethics and professionalism.
  • Poor corporate governance practices. 
  • Reliance on public sector funds. 
  • Slow GDP growth.
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