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BFN301Management Sciences3 Unitsintermediate

Practice Of Banking

This course introduces students to the practice of banking, covering fundamental aspects of financial systems and banking operations in Nigeria. It explores various types of banking operations, including commercial, merchant, and microfinance banks. Students will learn about banker-customer relationships, negotiable instruments, loan securities, and bankruptcy. The course aims to equip students with the knowledge to manage financial institutions and understand practical banking operations.

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156h

Study Time

13

Weeks

12h

Per Week

basic

Math Level

Course Keywords

Banking OperationsCustomer RelationshipNegotiable InstrumentsLoan SecuritiesBankruptcy

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 Operations

2

Banker-Customer Relationship

3

Negotiable Instruments

4

Loan Securities

5

Bankruptcy

6

Financial Systems

7

Banking 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

Written Assessment

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

Credit Analyst

Apply your skills in this growing field

Branch Manager

Apply your skills in this growing field

Financial Advisor

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Commercial BankingMicrofinanceInvestment BankingFinancial RegulationCredit Risk Management

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1:

2h

Unit 1: Banking Operations in Nigeria

2 study hours

•Read the introduction and section 3.1 on the inception of commercial banking in Nigeria.
•Complete self-assessment exercise 1.

Week

2

Module 1:

4h

Unit 1: Banking Operations in Nigeria

2 study hours

•Study section 3.2 on the establishment of central banking in Nigeria.
•Complete self-assessment exercise 2.

Unit 1: Banking Operations in Nigeria

2 study hours

•Study section 3.3 on operational positions of banks in the economy and section 3.4 on recent consolidation in the banking industry.
•Complete self-assessment exercise 3.

Week

3

Module 1:

4h

Unit 2: Types of Banking Operations in Nigeria

2 study hours

•Read the introduction and section 3.1 on commercial banks.
•Complete self-assessment exercise 1.

Unit 2: Types of Banking Operations in Nigeria

2 study hours

•Study section 3.2 on merchant banks.
•Complete self-assessment exercise 2.

Week

4

Module 1:

4h

Unit 2: Types of Banking Operations in Nigeria

2 study hours

•Study section 3.3 on development banks and section 3.4 on non-interest banking.
•Complete self-assessment exercise 3.

Unit 2: Types of Banking Operations in Nigeria

2 study hours

•Study section 3.5 on microfinance banks.
•Complete self-assessment exercise 4.

Week

5

Module 1:

6h

Unit 3: Banker and Customer Relationship

3 study hours

•Read the introduction and section 3.1 on the nature of banker-customer relationship.
•Complete self-assessment exercise 1.

Unit 3: Banker and Customer Relationship

3 study hours

•Study section 3.2 on the meaning of a banker and a customer and section 3.3 on the relationship between a banker and a customer.
•Complete self-assessment exercise 2.

Week

6

Module 1:

3h

Unit 3: Banker and Customer Relationship

3 study hours

•Study section 3.4 on important areas of banker-customer relationship.
•Complete self-assessment exercise 3.

Week

7

Module 1:

6h

Unit 4: Accounts of Customers

3 study hours

•Read the introduction and section 3.1 on the meaning of bank account and section 3.2 on types of bank account of customers.
•Complete self-assessment exercise 1.

Unit 4: Accounts of Customers

3 study hours

•Study section 3.3 on precautions to be taken while opening bank accounts for customers and section 3.4 on special types of customers.
•Complete self-assessment exercise 2.

Week

8

Module 1:

4h

Unit 5: Specialize Bank Accounts of Customers

2 study hours

•Read the introduction and section 3.1 on money market account.
•Complete self-assessment exercise 1.

Unit 5: Specialize Bank Accounts of Customers

2 study hours

•Study section 3.2 on tax-free savings account and section 3.3 on special tax-free savings account.
•Complete self-assessment exercise 2.

Week

9

Module 1:

4h

Unit 6: Negotiable Instruments and Cheques

2 study hours

•Read the introduction and section 3.1 on the nature of negotiable instruments.
•Complete self-assessment exercise 1.

Unit 6: Negotiable Instruments and Cheques

2 study hours

•Study section 3.2 on cheques.
•Complete self-assessment exercise 2.

Week

10

Module 1:

2h

Unit 6: Negotiable Instruments and Cheques

2 study hours

•Study section 3.3 on holder and holder in due course and section 3.4 on liability of the drawer for dishonor of cheques.
•Complete self-assessment exercise 3.

Week

11

Module 2:

4h

Unit 1: Bills of Exchange and Promissory Notes

2 study hours

•Study section 3.1 on promissory notes.
•Complete self-assessment exercise 1.

Unit 1: Bills of Exchange and Promissory Notes

2 study hours

•Study section 3.2 on bills of exchange.
•Complete self-assessment exercise 2.

Week

12

Module 2:

6h

Unit 5: Securities for Bankers Advances

3 study hours

•Study section 3.1 on banker's lien and section 3.2 on pledge.
•Complete self-assessment exercise 1.

Unit 5: Securities for Bankers Advances

3 study hours

•Study section 3.3 on hypothecation.
•Complete self-assessment exercise 2.

Week

13

Module 2:

6h

Unit 6: Bankruptcy

3 study hours

•Study section 3.1 on meaning of bankruptcy and section 3.2 on financial distress and bankruptcy.
•Complete self-assessment exercise 1.

Unit 6: Bankruptcy

3 study hours

•Study section 3.3 on factors that can lead to bankruptcy in banking industry and section 3.4 on bankruptcy and debt restructuring.
•Complete self-assessment exercise 2.

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

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all tutor-marked assignments (TMAs) and their solutions.

2

Create concept maps linking key topics from each module.

3

Practice applying banking regulations to real-world scenarios.

4

Focus on understanding the legal aspects of negotiable instruments and loan securities.

5

Allocate study time proportionally based on the weight of each module in the final examination.

6

Form a study group to discuss challenging concepts and share insights.

7

Practice time management by simulating exam conditions and answering questions within the allotted time.

8

Prioritize understanding the differences between various types of banking operations and their regulatory frameworks.

9

Review case studies related to loan recovery and bankruptcy proceedings.

10

Familiarize yourself with the key provisions of the Negotiable Instruments Act and other relevant banking laws.

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