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BFN104Management Sciences3 Unitsintermediate

Elements Of Banking

This course introduces the basics of banking processes and components in Nigeria. It aims to encourage students to acquaint themselves with the nature and principles of banking. The course covers the business of banking, the Nigerian banking system, non-bank financial institutions, and the establishment of micro-finance banks in Nigeria. Students will explore the development of money, bank lending, and financial statements.

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90h
Study Time
13
Weeks
7h
Per Week
basic
Math Level
Course Keywords
BankingFinanceMoneyFinancial InstitutionsNigeria

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Banking System

2

Money Market

3

Financial Institutions

4

Bank Lending

5

Financial Statements

6

Negotiable Instruments

7

Bank Regulations

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Bank Teller

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Branch Manager

Apply your skills in this growing field

Credit Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceInvestmentAccounting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module1: BAKING AND NIGERIAN BANKING STRUCTURE

3h

Unit 1: Meaning and Concept of Banking

3 study hours
  • •Read the definition of banking and understand the concept of banking business.
  • •Identify the key elements of an efficient payment and intermediary system.
  • •Study the historical context of banking laws in Nigeria and their impact on banking operations.
Week
2

Module1: BAKING AND NIGERIAN BANKING STRUCTURE

3h

Unit 2 Central Bank of Nigeria

3 study hours
  • •Define the concept of a Central Bank and its role in a nation's financial system.
  • •List and explain the functions of the Central Bank of Nigeria (CBN).
  • •Trace the historical development of the CBN, including its establishment and evolution.
Week
3

Module1: BAKING AND NIGERIAN BANKING STRUCTURE

3h

Unit 3 Commercial Bank and Merchant Bank

3 study hours
  • •Define commercial banks and merchant banks, and state their respective functions.
  • •Differentiate between commercial banks and merchant banks based on their roles and services.
  • •Understand the primary and secondary functions of commercial banks, including accepting deposits and granting loans.
Week
4

Module1: BAKING AND NIGERIAN BANKING STRUCTURE

3h

Unit 4 Other Banks (Specialized)

3 study hours
  • •Define and list the functions of specialized banks such as Development banks, Mortgage banks, and Microfinance banks.
  • •Explain the concept of community banks and their role in rural development.
  • •Discuss the functions of peoples banks and their objectives.
Week
5

MODULE 2 THE DEVELOPMENT OF MONEY

3h

Unit 1 The Concept of Money

3 study hours
  • •Define money and explain its functions as a medium of exchange, store of value, and unit of account.
  • •Discuss the characteristics of money, including acceptability, scarcity, and stability.
  • •Explain the reasons for demanding money, including transaction, precaution, and speculative motives.
Week
6

MODULE 2 THE DEVELOPMENT OF MONEY

3h

Unit 2 The Evolution of Money

3 study hours
  • •Discuss the barter system and its shortcomings.
  • •Trace the evolutionary trail of payments systems from commodity money to electronic money.
  • •Explain the concept of monetary aggregates and their types.
Week
7

MODULE 2 THE DEVELOPMENT OF MONEY

3h

Unit 3 The Nigerian Money Market

3 study hours
  • •Ascertain and explain money market instruments such as Treasury bills, Commercial paper, and Certificates of deposit.
  • •List and explain money market institutions, including the Central Bank of Nigeria and Commercial Banks.
  • •Explain the role of Bureau de Change in the money market.
Week
8

MODULE 3 SAVINGS AND INVESTMENT

3h

Unit 1 Savings and Investment

3 study hours
  • •Define savings and investment, and understand their relationship.
  • •Explain the theories and determinants of investments.
  • •Discuss the paradox of thrift and the ISLM framework.
Week
9

MODULE 3 SAVINGS AND INVESTMENT

3h

Unit 2 Negotiable Instruments

3 study hours
  • •List and explain the different types of negotiable instruments.
  • •Define Bill of Exchange and identify the parties involved.
  • •State the characteristics of a cheque and understand the terminologies used in cheque transactions.
Week
10

MODULE 3 SAVINGS AND INVESTMENT

3h

Unit 3 Clearing Banks

3 study hours
  • •Understand the concept of Banks and Clearing Banks.
  • •Determine the structure of clearing banks in Nigeria.
  • •Define and differentiate unit, branch, and correspondent banking.
Week
11

MODULE 4 BANK PAYMENT SYSTEM

3h

Unit 1 Banking System Method of Payments

3 study hours
  • •Understand the regulations governing Bank payment systems.
  • •Determine the different Bank payment methods available.
  • •Know the meaning of In-clearing capture, statement rendering, Examination & filing.
Week
12

MODULE 4 BANK PAYMENT SYSTEM

6h

Unit 2 ETF and Internet banking

3 study hours
  • •Understand the nature and types of bank cards available for use in the system.
  • •Understand the workings of the automated clearing house/systems for EFT.
  • •Know the meaning of Internet Banking.

Unit 3 Banking Lending

3 study hours
  • •Understand the bank lending concepts and the five C's for lending.
  • •Determine the types of bank lending practices that are common.
Week
13

MODULE 5 BANK CUSTOMERS AND ACCOUNTS

6h

Unit 1 Bank Customers and Accounts

3 study hours
  • •Understand the bank customer and customer account interpretation.
  • •Know the type of accounts in the banking system.
  • •Understands the interpretation principles of bank Accounts.

Unit 2 Bank Account services for Exporters

3 study hours
  • •Understand the liabilities of banks as regards letter of credits.
  • •Know the triangular relationship between and among importer, exporter, and the bank.
  • •Understand letters of credits (variants) and know the types of Drafts to apply.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Focus on understanding the functions of different types of banks and their roles in the Nigerian economy.

2

Create flashcards for key terms like 'negotiable instrument', 'letter of credit', and 'monetary aggregates'.

3

Practice interpreting sample bank financial statements, paying attention to key ratios and indicators.

4

Review the historical development of banking in Nigeria and the evolution of banking regulations.

5

Study the structure and functions of the Central Bank of Nigeria (CBN) and its role in monetary policy.

6

Form a study group to discuss and clarify complex concepts related to bank lending and risk management.

7

Work through practice questions on calculating interest rates, loan repayments, and investment returns.

8

Create concept maps linking Units 3-5 database concepts

9

Practice SQL queries from Units 7-9 weekly

10

Review all TMAs

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