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BFN407Management Sciences3 Unitsintermediate

Investment Banking

This course, Investment Banking, is designed for 400-level B.Sc. Banking and Finance students at NOUN. It provides an introduction to the fundamental principles, theories, and practices of investment banking. The course covers topics such as the evolution of banking, the functions of merchant and development banks, money and capital markets, and the regulatory framework governing financial institutions in Nigeria. It aims to equip students with a solid foundation for understanding the role of banks in economic development.

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80h

Study Time

13

Weeks

6h

Per Week

basic

Math Level

Course Keywords

Investment BankingMerchant BanksCapital MarketsFinancial RegulationBanking Theories

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

Evolution of Banking

2

Theories of Banking

3

Central Banking Functions

4

Merchant Banking Operations

5

Capital Market Instruments

6

Financial Regulation

7

Loan Syndication

8

Banking Systems

Total Topics8 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 assignments

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

Investment Banker

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Portfolio Manager

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Financial Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinancial ServicesInvestment ManagementCorporate FinanceGovernment Regulation

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Introduction

4h

Unit 1: Meaning and Evolution of Banking

2 study hours

•Define bank, banking, and banker.
•Trace the evolution of banking from goldsmiths to modern institutions.
•Examine the growth of banks in Nigeria.

Unit 2: Theories of Banking

2 study hours

•Explain the Real Bills Doctrine and its limitations.
•Describe the Shiftability Theory and its relevance to bank liquidity.
•Discuss the Anticipated Income Theory and its implications for lending.

Week

2

Module 1: Introduction

4h

Unit 3: The Central Bank

2 study hours

•Discuss the functions of the Central Bank of Nigeria.
•Explain credit control methods used by the CBN.
•Differentiate between the CBN and commercial banks.

Unit 4: Evolution of Merchant and Development Banks

2 study hours

•Trace the evolution of merchant and development banks in Nigeria.
•Examine the roles of Lombardy grain merchants and money changers.
•Explain the rationale for establishing development banks.

Week

3

Module 1: Introduction

2h

Unit 5: Commercial Bank and Investment Banks

2 study hours

•Explain the functions of commercial banks, including accepting deposits and advancing loans.
•Discuss the roles of commercial banks in economic development.
•Differentiate between investment banks and commercial banks.

Week

4

Module 2: Merchant Banking

4h

Unit 1: Merchant Banking

2 study hours

•Define merchant banking and its scope.
•Distinguish between banking and corporate finance services.
•Differentiate between merchant banks and commercial banks.

Unit 2: Structure and Performance of Merchant/Development Banks

2 study hours

•Discuss the international operations of merchant and development banks.
•Examine the constraints and achievements of merchant banks in Nigeria.
•Analyze the reasons for the non-establishment of new merchant banks.

Week

5

Module 2: Merchant Banking

2h

Unit 3: Development and Specialised Banks

2 study hours

•Define a development bank and its purpose.
•Explain the banking and development functions of development banks.
•Differentiate between development banks and specialized banks in Nigeria.

Week

6

Module 2: Merchant Banking

4h

Unit 4: Laws Regulating the Establishment of Banks in Nigeria

2 study hours

•Identify the laws regulating the establishment of banks in Nigeria.
•Explain the requirements of the Companies and Allied Matters Act (CAMA).
•Discuss the significance of the Banks and Other Financial Institutions Act (BOFIA).

Unit 5: Loan Syndication

2 study hours

•Explain the meaning of loan syndication.
•Discuss the elements of a syndicated loan.
•Differentiate between loan syndication and a consortium.

Week

7

Module 3: Operations and Structure

4h

Unit 1: Distinguishing Features/Functions of Merchant and Development Banks

2 study hours

•Discuss the features and functions of merchant banks.
•Explain the 5 Cs of credit assessment.
•Define universal banking and its implications.

Unit 2: Financial Institution: Overview of Banking Business

2 study hours

•Discuss the constituents of the financial system.
•Explain the structure of the Nigerian financial system.
•Analyze the impacts of globalization on the banking business.

Week

8

Module 3: Operations and Structure

4h

Unit 3: Banking Financial Institutions

2 study hours

•Identify banking financial institutions and their roles.
•Explain the functions of banking financial institutions.
•Discuss the role of non-bank financial institutions.

Unit 4: Merchant Bank: Methods and Processes

2 study hours

•Define merchant processing and its components.
•Describe the transaction process in merchant banking.
•Explain the risks associated with merchant processing.

Week

9

Module 3: Operations and Structure

2h

Unit 5: The Structure of The Nigerian Financial System

2 study hours

•Describe the structure of the Nigerian financial system.
•Identify the regulatory authorities and their roles.
•Explain the functions of the Securities and Exchange Commission (SEC).

Week

10

Module 4: Regulation and Markets

4h

Unit 1: Measuring the Effect of Regulation on Performance of Banks

2 study hours

•Measure the effect of regulation on the performance of banking.
•Evaluate the problems and challenges of bank regulation.
•Analyze the impact of reforms on the banking sector.

Unit 2: Systems of Banking and Essentials of a Sound Banking System

2 study hours

•Identify and explain different banking systems.
•Discuss the essentials of a sound banking system.
•Analyze the role of liquidity, safety, and profitability.

Week

11

Module 4: Regulation and Markets

4h

Unit 3: Money Market

2 study hours

•Define the money market and its instruments.
•Discuss the functions of the money market.
•Explain the features of a developed money market.

Unit 4: The Capital Market

2 study hours

•Explain the meaning of the capital market.
•List the characteristics of the capital market.
•Examine the functions of the Nigerian capital market.

Week

12

Module 4: Regulation and Markets

2h

Unit 5: Merchant Banks and Development Banks

2 study hours

•Explain the meaning of merchant bank.
•Trace the development of merchant banking in Nigeria.
•Analyze the functions of merchant banks.

Week

13

Final Revision

6h

Final Revision

6 study hours

•Review all modules and units.
•Work on assignments and TMAs.
•Prepare for final examinations.

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

Create a timeline of key events in banking history from Unit 1, noting regulatory changes and their impacts.

2

Develop flashcards for key banking theories (Real Bills, Shiftability) from Unit 2, focusing on assumptions and limitations.

3

Practice analyzing financial statements of hypothetical companies to assess creditworthiness, applying concepts from Module 2.

4

Outline the functions of the CBN and SEC from Module 3, creating flowcharts to illustrate their regulatory processes.

5

Compare and contrast different banking systems (Unit, Branch, Universal) from Module 4, evaluating their suitability for different economic contexts.

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