NIGERIA’S BEST AND WORST BANKS
The global financial market crisis that was propelled in recent years by the crash of crude price in the international market, added to the ongoing currency war are today crippling the banking system of many countries. This has resulted primarily from the exposure of the banks to financing of oil business at a time the earnings power of the industry is declining helplessly due to low prices of crude. Without doubt, the banking industry of any economy remains its engine room for growth and development. For this reason, every nation keeps tabs on the health of its banking institutions as any fundamental defects in this strategic sector could destabilize the entire economy, system and in fact, the government. This is one major consideration that informed the periodic consolidation exercise in the banking industry of any nation to make it robust and healthy as approved by the central bank and other regulatory bodies. In our own case, such agencies also inclu