3 Questions
What is the significance of commercial banks in the Nigerian financial system?
They account for the bulk of total institutionalized savings
What was the ownership structure of commercial banks in Nigeria before the indigenization policy was adopted?
They were dominated by foreigners
What was the purpose of the indigenization policy adopted in 1972 and 1977?
To change the ownership structure of commercial banks to reflect greater Nigerian ownership
Test your knowledge on the history and significance of commercial banking in Nigeria with this quiz. Learn about the role of Deposit Money Banks (DMBs) in the financial system and their contribution to institutionalized savings. Explore the evolution of commercial banking in Nigeria, from its early beginnings in the late nineteenth century to its current state. This quiz is perfect for anyone interested in finance, economics, or Nigerian history.
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