The Marketing of Banking Services

 The Marketing of Banking Services

NATURE OF MARKETING OF BANKING SERVICES –  To discuss the nature of marketing of bank services, it is necessary to define the term “marketing”, ‘bank’ and service. John Orjih (1998:74) defined marketing as a process by which the customer and the customers wants are clearly identified and understood and then satisfied by the benefits of the goods or services supplied by the organization. Again, the chartered institute of marketing defined marketing as the management process responsible for identifying, anticipating and satisfying consumers requirements profitably. Following the Oxford dictionary, “bank” is an organization that provides various financial services is the work that somebody does for an organization. [Read more…]

Taxation as a Source to Government Funding

Taxation as a Source to Government Funding

Taxation as an aspect of Government Fiscal Policy – According to Nwoke (1993:1) taxation can be defined as the imposition of an obligatory levy or contribution of an individual or corporate donate by recipient, public authority. Two important attributes of taxation are that the levying authority posses the legal capacity to do so since taxation is a legal policy and it evolves an element of compulsion as opposed to voluntaries. [Read more…]

Problem of Income Personal Tax Administration and Collection Machinery

Problem of Income Personal Tax Administration and Collection Machinery

The various methods of collecting tax they can be divided as follows.
(a)    Write of Attachment
(b)    personal Demand
(c)    Court proceedings
(d)    Agency
(e)    Writs of Attachment. [Read more…]

Fraud in the Banking Industry – The Nigerian Perspective

Fraud in the Banking Industry – The Nigerian Perspective

Fraud is the number one every of the business world. No company is immune to fraud. It is in all works of life in the government in insurance in export  trade, in banking everywhere special organizations have been formed to combat it, and international police commission tries to deal with it at international level but it has not and cannot be eradicated. It is waxing in strength, its an expanding industry. However the researcher was able to lay hands on some commendable write-ups on the named topic. [Read more…]

Good Lending Principles and Techniques for Commercial Banks

 Good Lending Principles and Techniques for Commercial Banks

 Good Lending Principles and Techniques for Commercial Banks – Lending has become a vital function in banking operations because of its effects on the economic growth and development.Banks mobilizes funds from surplus economic units and channels it to the deficit economic units in forming loans and advances lending is banking. A bank does not go ahead to advance money because a project proposal sounds fantastic without through economic and financial analysis nor do they just advance funds solely on the strengths of the collaterals presented, but where this negligence abound, the out come is usually unpleasant. [Read more…]

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