Practice Of Banking
- Management Sciences
- 300 level
- 3 credit units
- 219 pages
- 18 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- Basic
- Content
- Theoretical
- Practical work
- No
- Assignments
- Tutor Marked Assessments
- Final Examination
What you'll read
The real module and unit structure of BFN301, taken from the course material NOUN publishes.
- UNIT 1 PROMISSORY NOTES AND BILLS OF EXCHANGEPage 101
- UNIT 2: DUTIES OF PAYING BANKERS AND COLLECTING BANKERSPage 112
- UNIT 3: BANK LENDING TO LIMITED LIABILITIES COMPANIESPage 140
- UNIT 4: SECURITIES AND LOAN RECOVERYPage 149
- UNIT 5: SECURITIES FOR BANKERS’ ADVANCESPage 156
- UNIT 6: LAND AND SECURITYPage 162
One paragraph, so you can see how it reads
BFN301 · UNIT 1 BANKING OPERATIONS IN NIGERIA
In 1988 commercial banks had assets of N52.2 billion compared to N12.6 billion for merchant banks in early 1988. In the fiscal year 1990 the government expended N503 million into establishing community banks with the intent of encouraging the development of community development associations, cooperative societies, farmers' groups, patriotic unions, and trade groups, among other objectives, particularly in rural areas.
What you should be able to do
- Discuss banking operations in Nigeria
- Explain banker and customer relationships
- Identify and discuss accounts of customers
- List and discuss negotiable instruments
- Mention and discuss securities for bank advances
- Discuss bankruptcy and its implications
What it prepares you for
- Bank Teller
- Loan Officer
- Credit Analyst
- Branch Manager
- Financial Advisor
- Commercial Banking
- Microfinance
- Investment Banking
- Financial Regulation
- Credit Risk Management
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2:
Unit 2: Duties of Paying Banker and Collecting Banker
Understanding the legal implications and responsibilities of paying and collecting bankers requires careful attention to detail and familiarity with banking regulations.
- Module 2:
Unit 3: Bank Lending to Limited Liabilities Companies
Evaluating the creditworthiness of limited liability companies and understanding the various securities for bank advances requires a strong understanding of financial analysis and risk assessment.
- Module 3:
Unit 6: Bankruptcy
Understanding the legal framework and procedures for bankruptcy and debt restructuring requires a comprehensive understanding of insolvency laws and financial regulations.
A suggested way through it
13 weeks, about 55 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: Banking Operations in Nigeria · 2 hours
Read the introduction and section 3.1 on the inception of commercial banking in Nigeria.. Complete self-assessment exercise 1..
- Week 2Module 1:
Unit 1: Banking Operations in Nigeria · 2 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 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 3Module 1:
Unit 2: Types of Banking Operations in Nigeria · 2 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 hours
Study section 3.2 on merchant banks.. Complete self-assessment exercise 2..
- Week 4Module 1:
Unit 2: Types of Banking Operations in Nigeria · 2 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 hours
Study section 3.5 on microfinance banks.. Complete self-assessment exercise 4..
- Week 5Module 1:
Unit 3: Banker and Customer Relationship · 3 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 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 6Module 1:
Unit 3: Banker and Customer Relationship · 3 hours
Study section 3.4 on important areas of banker-customer relationship.. Complete self-assessment exercise 3..
- Week 7Module 1:
Unit 4: Accounts of Customers · 3 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 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 8Module 1:
Unit 5: Specialize Bank Accounts of Customers · 2 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 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 9Module 1:
Unit 6: Negotiable Instruments and Cheques · 2 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 hours
Study section 3.2 on cheques.. Complete self-assessment exercise 2..
- Week 10Module 1:
Unit 6: Negotiable Instruments and Cheques · 2 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 11Module 2:
Unit 1: Bills of Exchange and Promissory Notes · 2 hours
Study section 3.1 on promissory notes.. Complete self-assessment exercise 1..
Unit 1: Bills of Exchange and Promissory Notes · 2 hours
Study section 3.2 on bills of exchange.. Complete self-assessment exercise 2..
- Week 12Module 2:
Unit 5: Securities for Bankers Advances · 3 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 hours
Study section 3.3 on hypothecation.. Complete self-assessment exercise 2..
- Week 13Module 2:
Unit 6: Bankruptcy · 3 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 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..
Preparing for the exam
- Review all tutor-marked assignments (TMAs) and their solutions.
- Create concept maps linking key topics from each module.
- Practice applying banking regulations to real-world scenarios.
- Focus on understanding the legal aspects of negotiable instruments and loan securities.
- Allocate study time proportionally based on the weight of each module in the final examination.
- Form a study group to discuss challenging concepts and share insights.
- Practice time management by simulating exam conditions and answering questions within the allotted time.
- Prioritize understanding the differences between various types of banking operations and their regulatory frameworks.
- Review case studies related to loan recovery and bankruptcy proceedings.
- Familiarize yourself with the key provisions of the Negotiable Instruments Act and other relevant banking laws.
Questions students ask about this course
What is BFN301 about?
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.
How many units does BFN301 have?
BFN301, Practice Of Banking, has 18 units across 3 modules, over 219 pages of course material. You can read it one unit at a time.
How many credit units is BFN301?
BFN301 carries 3 credit units, at 300 level in Management Sciences.
Is BFN301 hard?
BFN301 is rated intermediate level, with basic mathematical content. It is mostly theoretical work.
How long does BFN301 take to study?
About 156 hours of study, spread across its 18 units.
How is BFN301 assessed?
BFN301 is assessed by Assignments, Tutor Marked Assessments and Final Examination.
What can I do with BFN301?
Bank Teller, Loan Officer, Credit Analyst, Branch Manager and Financial Advisor.