Elements Of Banking

1. Explain the business of banking and the banking system in Nigeria.
2. Identify non-bank financial institutions and micro-finance banking institutions.
3. Understand the development of money and the Nigerian money market.
4. Describe bank lending practices and the bank payment system.
5. Interpret bank financial statements.
6. Discuss the role of the Chartered Institute of Bankers in Nigeria.

13 weeks, about 45 hours in total. Yours will differ.

1. Week 1Module1: BAKING AND NIGERIAN BANKING STRUCTURE

   • Unit 1: Meaning and Concept of Banking · 3 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..

2. Week 2Module1: BAKING AND NIGERIAN BANKING STRUCTURE

   • Unit 2 Central Bank of Nigeria · 3 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..

3. Week 3Module1: BAKING AND NIGERIAN BANKING STRUCTURE

   • Unit 3 Commercial Bank and Merchant Bank · 3 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..

4. Week 4Module1: BAKING AND NIGERIAN BANKING STRUCTURE

   • Unit 4 Other Banks (Specialized) · 3 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..

5. Week 5MODULE 2 THE DEVELOPMENT OF MONEY

   • Unit 1 The Concept of Money · 3 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..

6. Week 6MODULE 2 THE DEVELOPMENT OF MONEY

   • Unit 2 The Evolution of Money · 3 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..

7. Week 7MODULE 2 THE DEVELOPMENT OF MONEY

   • Unit 3 The Nigerian Money Market · 3 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..

8. Week 8MODULE 3 SAVINGS AND INVESTMENT

   • Unit 1 Savings and Investment · 3 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..

9. Week 9MODULE 3 SAVINGS AND INVESTMENT

   • Unit 2 Negotiable Instruments · 3 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..

10. Week 10MODULE 3 SAVINGS AND INVESTMENT

    • Unit 3 Clearing Banks · 3 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..

11. Week 11MODULE 4 BANK PAYMENT SYSTEM

    • Unit 1 Banking System Method of Payments · 3 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..

12. Week 12MODULE 4 BANK PAYMENT SYSTEM

    • Unit 2 ETF and Internet banking · 3 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 hours

      Understand the bank lending concepts and the five C's for lending.. Determine the types of bank lending practices that are common..

13. Week 13MODULE 5 BANK CUSTOMERS AND ACCOUNTS

    • Unit 1 Bank Customers and Accounts · 3 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 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..