The Effectiveness of New Financial Products in Nigeria Commercial Banks

The Effectiveness of New Financial Products in Nigeria Commercial Banks

According to Adekanye F.A. (1990) innovations in the financial system is a direct response of the banks to the changing environment triggered off seriously because of the quest for deposits by banks as they form the raw materials for their operations.As noted above, Banking in Nigeria has become so competitive that several new devices have had to be employed by banks to remain in business, some of these innovations have been directed towards improvement and this according to Orjih J. (1999) includes:- [Read more…]