The Visitor and Principal Officers of the University Pro-Chancellor

The Visitor and Principal Officers of the University

The Visitor

His Excellency

Prince (Dr) Dapo Abiodun (MFR)

Executive Governor, Ogun State

Pro-Chancellor & Chairman of Governing Council

Mrs. Mosun Bello-Olusoga

B.Sc. (Ibadan), FCA, FCIB

The Vice-Chancellor

Professor Ganiyu Olatunji Olatunde

B.Sc. (Lagos), M.Sc., Ph.D. (Ibadan)

The Deputy Vice-Chancellor (Academic)

Prof. A.O.J. Agboola

M.B.Ch. B (Ogun), M.Sc., Ph.D. (Nottingham)

The Deputy Vice-Chancellor (Admin)

Prof. C.O. Adekoya

LLB (Ogun), B.L. (Lagos), LLM (Lagos), Ph.D. (Ghent)

Registrar

Mr. Olufemi Ayodele Ogunwomoju

B.A., MBA(Ogun)

University Librarian

Dr. Adebambo A. Oduwole (CLN, MNIM)

B.Sc. (Ogun), PGDE, MLS, Ph.D. (Ibadan)

University Bursar

Mr. Semiu Makinde

B.Sc. (Ilorin); MBA (Ogun), MNIM, ACFE, FCA

FACULTY OF ADMINISTRATION AND MANAGEMENT SCIENCES

Dean of the Faculty

Russell Olukayode Christopher Somoye

B.Sc. (Liberia), M.Sc. (Ibadan), PhD (West Scotland), Cert. (Inv Banking),

Cert. (Comp. Banking), Cert. (System Analysis), Cert (Financial Management)

Oxford, Cert. (Entrepreneurship) Oxford, Cert. (Entrepreneurship)Harvard

CNA, ACS, ACTI, HCIB, ACMR

Sub-Dean

Dr. O. Ogunkoya

B. Sc. (Ogun); M.Sc. Ph.D. (Lagos)

Faculty Officer

Mrs. Opakunle, Feyipitan Omowunmi

B. Agric. (Calabar), M.Sc. (Ibadan) MPA (Ogun)

Senior Assistant Registrar

Mr. O. A. Adekumisi

B.A. (Ogun)

Chief Assistant Secretariat

Mrs. Titilayo Awonuga

B.Ed. (Ogun)

Higher Executive Officer

Mr. Sanya Babatunde Olatubosun

B.Sc. (Ogun)

Executive Officer

Mr. Aina Bamidele Oluwaseyi

HND (Ibadan Polytechnic), MBA (Ogun)

Snr. Clerical Officer

Mrs. M. A. Busari

B.Sc. (Ogun)

Department of Banking & Finance

Head of Department

Prof. R. O. Akingunola

BSc. (Ogun), M.Sc. (Lagos) PhD (Benin), ACS, MAMN, ACMR, FFAR.

Senior Secretarial Assistant

Mrs. A. O. Akinsinde

OND (Ibadan Polytechnic)

Senior Clerical Officer

Mr. J. O. Adeyemi

BSc. (Ogun)

The Department Contact Address

Local -

Department of Accounting, Banking & Finance

Olabisi Onabanjo University,

P. M. B. 2002, Ago-Iwoye

International:

c/o Nigeria Universities Officer

190, Tettenham Court road,

London, WIP 9LE

Telephone: 0

8034717721

08187014925

Website: www.ooufms.com

e-mail: [email protected]

OLABISI ONABANJO UNIVERSITY, AGO-IWOYE

The University

Olabisi Onabanjo University (formerly known as Ogun State University)

is a State University established in July, 1982 but started academic activities

for its first set of undergraduates in January 1983. It is as autonomous public

and non-residential institution established by the Ogun State government with

the sole purpose of providing higher education in the Humanities, Sciences and

Technology and encouraging the advancement of learning in all the major

spheres of human endeavour.

The University is located at Ago-Iwoye in Ogun State with campuses

spread over the state. The Health Sciences and Pharmacy are at Ikenne and

Sagamu (Remo Campus), College of engineering and Technology is located at

Ibogun (Egba Campus), Faculties of Law, Sciences, Social and Management

Sciences, Education and Arts with the Central Administration are located at the

main Campus while College of Agricultural Sciences is located at Aiyetoro

(Yewa Campus).

In addition to the Faculties, the University has a number of academic and

services-oriented units, including the General Studies Units (GNS) the Sport

Centre, Institute of Education, Institute of Transport Studies, Continuing

Education Centre (CEC), Centre for Gender Studies, among others.

In all, the University has produced over one hundred thousand graduates

and diplomats since its establishment. These sets of graduates span a wide

variety of disciplines and are making waves in all spheres of life. At the

beginning, the University was lucky to have a selfless and committed

Governing Council headed by Prof. Akin L. Mabogunje, a Former Dean of the

Faculty of The Social Sciences, University of Ibadan with Late Prof. John Olubi

Sodipo as the Vice-Chancellor while, Chief Nathaniel O. Sotoyinbo was the

Registrar, Mr. S. B. Onigbinde was the Bursar and Chief Mrs. Laide Soyinka

was the University Librarian.

The focused and purposeful leadership given by this foundation

management staff gave the University a sound footing that made it to continue

to withstand the test of time. The university has since grown in age and size.

Now, the population of the university has grown close to twenty thousand

students including full-time, part-time and postgraduate students as at the

2018/2019 session.

UNIVERSITY GENERAL REMARK

1. A programme of study shall be provided leading to a Bachelor’s degree to be

denoted by the letters B.A. or B.Sc. (or such other ideal abbreviations as the

Senate may from time to time approve) which may be awarded with honours

or as a Pass degree.

2. Instruction shall be by course as the Senate, on the recommendation of the

Board, of the appropriate Faculty, may from time to time determine.

3. Courses shall be evaluated in terms of course units. A course unit is defined as

one lecture/tutorial contact per week, or one three-hour laboratory or

practical class per week throughout a semester, or an equivalent amount of

other assigned study or practical experience or any combination of these.

4. Courses shall be numbered in levels thus: 101-199, 201-299, 301-399, and

401-499, 501-599, 601-699 and so forth corresponding to 100, 200, 300, 400,

500, and 600 levels respectively. Courses numbers shall be prefixed by a

three- character programme subject code e.g. BFN 101, ECO 202 or MAT 102.

GENERAL NIGERIAN STUDIES PROGRAMME

In accordance with the philosophy of the University which aims, among other

things, at the revival of African/Yoruba Culture as well as the generation of

awareness in Agricultural Practices and Rural Development and the

requirements of the National Universities Commission, each student shall be

required to pass certain General Studies Courses as may be determined by the

Senate from time to time.

COURSE UNIT SYSTEM TERMINOLOGIES

The following standard terminologies shall be used for the different categories of

courses:

(a) Compulsory Course specified by a Department, Faculty or the University

which a student must take and pass:

(b) Required Course specified by a Department which students must take. The

minimum standard to be attained by students offering such courses is

30%.

in order to make up the required additional units for the award of the

degree.

(d) Pre-requisite A Course whose knowledge is essential prior to taking

another specified course;

(e) Concurrent Specified courses at the same level which must be taken in the

same Semester.

All courses taught during each Semester shall normally be examined at the end

of that Semester, and candidates will be credited with the number of course

units assigned to the course for which they have passed the examinations.

All courses shall be partly examined by continuous assessment through

assignments and/or tests. The marks scored through such continuous

assessments shall not constitute more than 30% of the total marks for the

course.

A Student shall not normally be permitted to qualify for a degree until he has

completed a prescribed period of study.

(a) The normal period for an honours degree shall be eight semesters in

the Faculties of Arts, Science, Social and Administration &

Management Sciences, and Education, ten Semesters in the College of

Agricultural Sciences and Faculties of Law and Pharmacy. Twelve

semesters for the College of Medicine and such numbers or semesters

as may be prescribed for other programmes in College/Faculties.

(b) The number of course units for the award of a degree shall be as

approved by Senate on the recommendation of the College/Faculty

Board.

shall be prescribed by Senate on the recommendation of the Board of

the appropriate College/Faculty.

(d) For the award of honours in a specific programme, additional and/or

alternative requirements may be prescribed by Senate on the

recommendation of the Board of the appropriate College/Faculty.

(e) A student who has taken more than two academic years in excess of

the approve minimum period of study to complete a degree

programme shall not normally be eligible for an Honours

classification.

(f) A student who has spent up to six (6) semester in excess of the

approved minimum period and has failed to complete a degree

programme shall have his studentship determined.

The permission of the Senate must be obtained in all cases of consideration for

a Pass Degree of anyone who has spent more than four Semesters in excess for

the number approved period in clause (a) above.

Degrees shall be classified as First Class Honours, Second Class Honours

(Upper or Lower Division). Third Class Honours and Pass.

The University Identity

1. The Circle

Stands for first letter in the word ‘Ogun’

2. The Decorated Circular form

Represents Opon-Ifa, the tray used in Ifa divination whose Odu (sacred verse)

encapsulate several centuries of Yoruba thoughts and experience, knowledge.

Thus, the tray stands for traditional wisdom, knowledge and culture.

3. The Book

Stands to relate meaningfully and effectively to the traditional experience and

culture in its services to Nigeria. Africa and the world at large.

4. The Rising Sun

Represent Olabisi Onabanjo University throwing its golden rays of knowledge

far and wide to illuminate the darkness of ignorance, poverty and disease.

5. The Blue (Navy) Lines

Below the sun, represent the splendid flow of the Ogun River, from which the

state derives its name.

6. The Gold Colour

Represents the enlargement of knowledge

7. The Blue (Navy) Colour

It is not only the favourite colour of the Yoruba as exemplified in the ADIRE

clothing, but it also possesses the coolness and calmness which are important

virtues in the Yoruba traditional concept of the good person or OMOLUWABI.

University Motto

Excellentia Humana Et. Patriae Opus: the flowering of Human Abilities and

Services to the Fatherland.

University Colour: Navy Blue

LIST OF ACADEMIC STAFF

DEPARTMENT OF BANKING & FINANCE

Academic Staff

N/S

Name of Staff

Designation

Qualification

Area of

Specialization

Prof R.O

Akingunola

Professor and

Head of

Department

B.Sc., Business

Administration (Ogun),

M.Sc. Finance (Lagos),

Ph.D. Business

Administration (Finance

Option) (Benin),

ACS, ACMR, MAMN, FFAR.

Corporate Finance,

Investment Mgt,

Small Scale Business

Finance

Prof R.O.C Somoye

Professor and

Dean

B.Sc. (Liberia), M.Sc.

(Ibadan), PhD (West

Scotland), Cert. (Inv

Banking), Cert. (Comp.

Banking),

Cert. (System Analysis),

Cert. (Financial

Management) Oxford, Cert.

(Entrepreneurship) Oxford,

Cert.

(Entrepreneurship)Harvard

CNA, ACS, ACTI, HCIB,

ACMR

Investment Analysis,

Quantitative Finance,

Banking Economics

Prof S.A Tella

Professor

B.Sc. (Benin), M.Sc., Ph.D.

(Econs) (Ibadan)

Monetary

Economics,

Development

Economics

Prof A.J Abosede

Professor

B.Sc. (Agric Econs) (Ibadan),

M.Sc. (Bus. Admin.) (Lagos),

MBA (Ibadan), Ph.D. (Bus.

Admin) (Benin)

MSMEs Finance,

Decision Analysis,

Human Resources

Dr M.S. Oladimeji

Reader

B.Sc. (Econs)Ed. (LASU),

M.Sc. (Econs) (LASU), M.Sc.

(Bus. Admin-Mgt. Option)

Ph.D. (International

Business) (LASU)

Marketing, Decision

Analysis

Dr B.M. Ilo

Senior Lecturer

B. Agric (Agric Economics &

Farm Management) (Ogun)

M.Sc. Finance (Lagos)

M.Sc. Business and Applied

Economics (Ogun) MPhil

(Business Administration)

(IFE)

Investment Analysis,

Quantitative Finance,

Banking

PhD Business and Applied

Economics (Finance Option)

(Ogun)

ACA.ACS, APA, FFAR

Dr J. A. Okewale

Senior Lecturer

B.Sc. (Acct.) (Lagos), M.Sc.

(Acct.) (Lagos), Ph.D. (Acct.)

(Ife), ACMR

Governmental

Accounting, Financial

Reporting

Dr IK Muo

Senior Lecturer

B.Sc. (Econs)(UI), M.Sc. (Bus.

Admin.) (Lagos), Ph.D. (Bus.

Admin.) (Lagos) ACIB

Organizational

Behaviour/Marketing

Dr K. A. Soyemi

Senior Lecturer

B.Sc. (Acct.), MBA (Ogun).,

M.Sc. (Acct.) (Lagos)., Ph.D.

(Acct.) (Ife) FCA, FCTI

Financial Reporting,

Audit and Assurance

Dr A.A. Adeyemi

Senior Lecturer

B.Sc. (Acct.), MBF(Benin).,

M.Sc. (Bus. & Applied

Economics- Accounting

Option) (Ogun), Ph.D. (Acct.)

(Ife) FCA, FCTI

Financial Reporting

Dr O.A. Ogunkoya

Senior Lecturer

B.Sc. (Ogun), M.Sc. (Lagos),

Ph.D. (Lagos) FCA

Bus. Admin

Dr A. Tobi

Senior Lecturer

B.Sc. (Ogun), M.Sc., Ph.D.

(Ibadan) FCPA

Political System,

Public

Administration

Dr C.C. Egugbo

Senior Lecturer

B.Sc. (Pol. Sc.) (Awka), M.Sc.

(Pol. Sc.), Ph.D. (Public

Admin.) (Uyo)

Governance,

Development Studies

Dr R.R.

Adegboyega

Lecturer I

B.Sc. Accounting (Ekpoma)

MBA (Accounting & Finance)

(Ogun)

M.Sc. Economics (Lead City,

Ibadan)

PhD Business and Applied

Economics (Finance Option)

(Ogun)

FCIB, FCFIAN, FIDPM, AICMA,

LCC

Development

Finance, Banking,

Micro-Finance

Dr O.G. Yinusa

Lecturer I

B.Sc. Accounting (Ogun)

M.Sc. Business and Applied

Economics (Ogun)

Ph.D. Finance (Leicester)

Development and

Corporate Finance

Mr. E.O Adebayo

Lecturer I

B.Sc. Banking and Finance

(Ogun)

MBA (Finance & Accounting)

(Lagos)

M.Sc. Finance (Lagos)

ACIB

Development and

Corporate Finance

Dr G.I. Oikahalla

Lecturer i

BPA (Ekpoma), M.Sc. (Pub.

Admin.) (Ife), Ph.D. (Pub.

Admin.) (Ife)

Development, Public

Policy, Admin. Law

Dr A.B. Adegbami

Lecturer l

BA (History), MPA (Ife), M.Sc.

(Public Admin.) (Ife),

Ph.D.(Public Admin) (Ife)

Governance and

Intergovernmental

Relations

Dr Banjo A. Hassan

Lecturer I

B.Sc. (Bus. Admin) (Ogun),

M.Sc. (Bus. Admin.) (Lagos),

Ph.D. (Bus. Admin.) (Ogun)

Strategic Mgt.,

Entrepreneurship

Mr. O.E Olowofela

Lecturer II

B.Sc. (Banking and Finance)

(Ogun),

M.Sc. (Finance) (Ogun),

ACIB

Development and

Corporate Finance,

Micro-Finance

Dr A.B. Gege

Lecturer II

B.Sc. (Mgt. & Acct.) (Ife),

MBA (Ife), M.Phil. (Bus

Admin) (Ife), Ph.D.

(Bus.Admin.) (Ife)

Mr. T.O Williams

Assistant

Lecturer

B.Sc. Economics (Ogun)

M.Sc. (Finance) (BU, Ilishan

Remo)

ACIB

Corporate Finance,

Banking

Mr. K.I Olaiya

Assistant

Lecturer

B.Sc. (Actuarial Science)

(Lagos)

M.Sc. (Actuarial Science)

(Lagos)

Corporate Finance

Actuarial Science

LIST OF ADMINISTRATIVE STAFF

S/N

Name

Qualifications

Designation

Akinsinde, A. O. (Mrs.)

OND (Ibadan Polytechnic,)

Snr. Secretarial

Assistant

Adeyemi, J.O. (Mr.)

B. Sc. (Ogun)

Snr. Clerical

Officer I

FORWARD

The Department of Banking and Finance, Faculty of Administration & Management

Sciences, Olabisi Onabanjo University, Ago-Iwoye has rich history of academic

excellence. It is endowed with seasoned academics blend with professional calling

from diverse background such as Banking, Entrepreneurship, Capital Market, Law

and Stock Broking. The current edition of the handbook improved on earlier edition;

thus, students will surely find it informative and an inevitable guide to obtaining a

degree in the Department.

The Department has contributed immensely to the Banking/Finance sector in

particular, the academia and the Nigerian Nation as a whole. This is evidenced by

the performance of our students in the professional examination of the Chartered

Institute of Bankers of Nigeria. Statistics revealed that we produce about twenty-five

percent of those who qualify every year.

We thank the Vice-Chancellor of the University, Prof. Olatunji Olatunde, the Dean of

the Faculty Prof. R.O.C. Somoye and other members of staff for their unflinching

support to the department.

We cherish our affiliation with the Chartered Institute of Bankers of Nigeria whose

support to the Department at all times is hereby acknowledged.

Prof. Richard O. Akingunola

Head of Department

HISTORY OF THE DEPARTMENT

The Banking & Finance degree was introduced as a programme under the

Department of Economics during 1989/1990 academic session. The Department of

Economics housed the programme for two academic sessions before it became

autonomous. Prof. S. A. Tella was seconded from Economics Department to star-off

and he served as the coordinator of the programme for that period. Since inception,

the programme received acceptability and support from the banking sub-sector of

the financial system in the form of lecturers and financial support. The Banking and

Finance programme became a full-fledge department in 1991/1992 academic

sessions with five Lecturers and a Typist. The Department was merged with

Accounting in 2009 as a fall out of the University restructuring policy to become

Accounting, Banking and Finance Department awarding degrees of B.Sc.

(Accounting) and B.Sc. (Banking and Finance).

Prof. Sheriffdeen A. Tella Co-ordinator 1989-1993

Prof. (Mrs.) Adenike M. Osoba Head of Department 1993-1994

Mr. Richard O. Akingunola Ag. Head of Department 1994-1996

Mr. Godday Okosun Ag. Head of Department 1996-1997

Mr. Michael O.B. Oshinloye Ag. Head of Department 1997-1999

Prof. Sheriffdeen A. Tella Head of Department 1999-2001

Prof. Olaseni S. Akintola-Bello Head of Department 2001-2002

Mr. Abayomi T. Onanuga Ag. Head of Department 2002-2003

Mr. Michael O.B. Oshinloye Ag. Head of Department 2003-2005

Dr. Russell O.C. Somoye Head of Department 2005-2009

Mr. Pius O. Olanrewaju Coordinator 2009-2009

Mr. Bamidele M. Ilo Coordinator 2009-2009

Prof. Ishola R. Akintoye Ag. Head of Department 2009-2010

Mr. Joel A. Okewale Coordinator 2010-2011

Dr. Richard O. Akingunola Ag. Head of Department 2011-2013

Prof. Russel O.C. Somoye Head of Department 2013-2016

Dr. Bamidele M. Ilo Ag. Head of Department 2016-2019

Dr. Richard O. Akingunola Ag. Head of Department 2019-2020

Prof. Richard O. Akingunola Head of Department 2020-Date

PHILOSOPHY OF THE PROGRAMME

The general philosophy of the programme is to produce skillful manpower with

theoretical and practical knowledge as well as upright in character for the various

aspects of Banking & Finance industry in particular and the whole economy in

general.

The Banking and Finance programme provides quality education and professional

training leading to the award of B.Sc. (Banking and Finance) degree, which may be

awarded with honours or as pass degree. The ethics of banking which revolves

mainly on transparency and honesty is expected to be imbibed by the students of the

Department.

Towards this end, the curriculum is broadly interdisciplinary. First, the students are

exposed to foundation course in English, Economics, Mathematics, Computer and

Philosophy/Logic as background for problem solving. Second, the Department offers

compulsory ‘core’ courses in Finance and Banking, Business and Management,

Accounting, Marketing, Finance, Production, Personnel and Human Resources

Management, Quantitative Techniques, Entrepreneurship and Business Policy, for

career entry into Banking and Finance Management positions in financial

institutions and other private and public business/industrial enterprises.

Finally, students are expected to select a set of elective courses with orientation and

enrichment to their general education and particularly their career objectives and

biases.

The capstone of the programme is the project work in which each student selects a

finance or banking or financial economics related problem for intensive study and

scientific analysis in order to proffer solution(s) and advances the frontier of banking

and finance knowledge under an experienced academic supervisor.

The objectives of the programme include the following:

(1) To provide facilities for a qualitative Banking and Finance education and

training of young men and women for initial entry into management

career.

(2) To engage in research into local and national business-related problems

and contribute to the development and use of knowledge in solving

management problems, thereby helping to improve the practice of

management.

(3) To provide for the development of teachers and researchers in banking and

finance and allied management fields.

(4) To establish a resource base for the development of local case studies and

materials for the teaching of business management to teachers at both the

secondary and tertiary institutions and to managers from business and

industries.

(5) To offer research and consultancy services in business management and

related fields for the benefits of organizations both in the private and

public sectors, including state, federal government and local government

that might require such services.

Linkage with Chartered Institute of Bankers

The Department was visited periodically by the CIBN Accreditation Panel and was

accredited. It is interesting to note that graduates of Banking and Finance

programme of Olabisi Onabanjo University, Ago-Iwoye have been recording very

high percentage of success in the CIBN examinations when compared with the

overall results.

The Department has a subsisting linkage programme with Chartered Institutes of

Bankers of Nigeria (CIBN) for the academic upgrading of the professional bankers

that is holders of ACIB; and for professional upgrading of our graduates by the

Institute. Thus, attesting to the robustness of our knowledge impartation. The

statistics for the student enrollment on the B.Sc. Banking and Finance programme

for the 2019/20 academic session is distributed as follows:

100 Level 113

200 Level 116

300 Level 116

400 Level 113

458

Staff Welfare

The established policy of the University in respect of staff promotion is solely based

on merit. The criteria for promotion is in publication form and well circulated.

Academic and professional qualifications at times warrant regrading/promotion;

while at other time, a minimum of three years with possession of required minimum

number of published papers qualify an academic with good record for promotion.

Meanwhile, an academic staff cannot be promoted to the senior lectureship cadre

until a Ph.D. degree is obtained.

Handling of Academic Grievances:

The Department operates an open-door policy. Students with any grievance or

compliant will intimate the department in writing. Such issues are dealt with

appropriately and with dispatch. Matter relating to examinations and results receive

initial attention of the Departmental Examination Committee, headed by the

Departmental Examination Officer (DEO). And subsequently consider and take

decision, which are further processed for the Faculty Board of Examiners and the

Senate. The Head of Department handle students land staff grievances. However,

grievances which cannot be resolved by the Head of Department are brought before

the Departmental Board of Studies.

Student’s Academic Adviser/Results Compilers

Course advisers are appointed at the beginning of each academic session for each

level, to guide students through in their course of study. Students are therefore

counselled on courses to register for within a semester and the maximum credit to

carry within the unit course system. He similarly complies results for the level.

Examination

The department’s examination policy is guided by the University regulations on

Examination. These regulations are as stated in the University Hand-book. This is

made available to students on admission and emphasized at the orientation lecture

and other interactive at the faculty and departmental levels. Examination issues

enjoy prime attention of management, thus its regulations are well circulated.

Academic Atmosphere:

The department pursues a policy of educating the students both on academic and

professional matters as well as ethic issues. The programme is designed, received

and administered to meet the quality/standard expectations of academic and

professional quality assurance bodies. The department also entered into a linkage

programme with the Chartered Institutes of Bankers of Nigeria for the professional

upgrading of academic bankers.

MEASURING OF PERFORMANCE

Performance in a course shall be measured in terms of:

(a) The results of prescribed theory and practical examination and/or

(b) Assessment of essays, practical exercise and report prescribed for

each course.

LEVELS OF PERFORMANCE

(a) FIRST DEGREE

A candidate shall be recorded as having attained, in a course a level of

achievement graded as follow:

Letter Grade Grade Point Mark

A 5 70 – 100%

B 4 60 - 69%

C 3 50 - 59%

D 2 45 - 49%

E 1 40 - 44%

F 0 0 - 39%

(b)

FIRST DEGREE

A candidate who has satisfactorily completed all requirements for the degree

with an overall Grade Point Average of not less than 1.50 shall be awarded the

Honours Degrees as indicates below:

First Class 4.50 - 5.00

Second Class (Upper Division) 3.50 – 4.49

Second Class (Lower Division) 2.40 – 3.49

Third Class 1.50 – 2.39

Pass 1.00- 1.49

A candidate who has satisfactorily completed all requirements for Advanced

certificate with an overall Grade Point Average of not less than 1.00 shall be

awarded the Advanced Certificate as indicated below:

4.50 – and above - Distinction

3.50 – 4.49 - Upper Credit

2.40 – 3.49 - Lower Credit

1.50 – 2.39 - Pass

Below 1.00 - Fail

A candidate who scores a Cumulative Grade Point Average (CGPA) of less than

1.00 in two consecutive Semesters would require to withdraw from the University.

A = 70 – 100% 5

B = 60 – 69% 4

C = 50 – 59% 3

D = 45 – 49% 2

E = 40 – 44% 1

F = 0 - 39% 0

Based on the above, a student who obtained a grade of ‘A’ in a 4-unit course has

scored 20 credit points, and one who obtained grade ‘C’ in that course has scored 12

credit points.

GUIDELINES FOR CANDIDATES AT UNIVERSITY EXAMINATION

1. A candidate shall not be allowed during an examination to communicate by

work or otherwise with any other candidate nor shall he/she leave his/her

place except with the consent of an invigilator. Should a candidate act in such

a way as to disturb or inconvenient other candidates, he/she be warned and

is he/she persists, he/she may at the discretion for the invigilator, be excluded

from the examination room: such an action by the invigilator must also be

reported to the Vice-Chancellor.

2. It shall be an examination offense for any student, staff or any person

whatsoever to impersonate a candidate in any University examination. Any

student or staff of the University found guilty under this regulation shall be

subject to disciplinary action by the appropriate authority of the University.

3. It shall be an examination offence for any candidate to take into an

examination room or have in his/her possession during examination any book

or paper or printed or written documents whether relevant to the

examination or not unless specifically authorized to do so. An invigilator has

authority to confiscate such documents.

4. A candidate shall not remove from an examination room any paper, used or

unused, except the question paper and such book and papers, if any as he/she

is authorized to take into the examination room.

5. Candidate shall comply with “instruction to candidate” set out on an

examination answer book or other examination materials supplied to them.

They shall also comply with direction given to them by an invigilator.

6. Candidates shall not write on any paper other than the examination answer

books. All rough work must be done in the answer booklets and crossed out

neatly. Supplementary answer booklet, even if they contain only work must

be tied inside the main answer booklet.

7. When leaving the examination room, a candidate shall not leave his written

work on the desk but he/she shall hand it over to an Invigilator. Candidates

are responsible for the proper return of their written work.

8. Smoking shall not be permitted in examination rooms during examination

session

9. Students who come to sit for an examination must be properly and decently

dressed.

ACADEMIC CONTENT

Degree: B.Sc. Banking and Finance

General Philosophy of the Curriculum

The Curriculum contained herewith is designed to develop the young mind as well

as impact both theoretical and practical knowledge for individual self-confidence,

self-reliance in the field of finance and banking.

The form of the programme is essentially on finance in general but with emphasis on

banking. In this context, students will be guided in the choice of course options

under one of the following four major areas of specialization.

a. Corporate Banking

b. Corporate Finance

c. International Finance

d. Monetary Economics; and

e. Public Sector Finance

Graduates of the programme will have the twin advantage of

- Identifying one major area of interest in Banking and Finance for assessable

specialization at post-graduate level; and

- Achieving sufficient professional competence in banking and academic and be

able to qualify in the Chartered Institute of time. In actual fact, holders of our

degree are granted substantial exemptions by the Institute.

B.Sc. (BANKING & FINANCE) FULL-TIME PROGRAMME CURRICULUM

A. Admission into Full-Time Programme

Admission into 4 – years Degree Programme:

i. Five Credits at WASC, GCE, and NECO ‘O’ Level or Merit

passes in Teacher’s Grade II at not more than two sittings in

subjects which include English Language and Mathematics.

ii. Candidates must take English Language, Mathematics and two

other social sciences subjects at the UTME Examination.

B. Direct Admission into 3-years Degree Programme

i. GCE ‘A’ Level or H.S.C or JUPEP Passes in Economics and

Accounting or Advanced Certlficate in Banking and Finance, in

addition, candidates are expected to possess five credits at WASC

or GCE ‘O’ Level in subjects which include English Language and

Elementary Mathematics.

ii. National Diploma (ND) in Banking and Finance or Accounting or

Business Studies of approved Polytechnic or College of

Technology with a grade not lower than the equivalent of Lower

Credit. In addition, the applicant must possess five credit at

WASC or GCE “O” Level in subjects which include English

Language and Elementary Mathematics.

iii. National Certificates of Education (NCE) in Accounting or

Business Studies with distinction or at least credits/merits in

relevant subjects in addition to possessing credits in five “O”

Level subjects at WASC or GCE “O” Level or Grade II Teachers

Certificate which include English Language and Elementary

Mathematics.

iv. Part I (Section I and II) passes of the Chartered Institute of

Bankers or any recognized professional banking body provided

the applicant has five credit at WASC or GCE “O” Level subjects

or Grade II Teachers’ Certificate which include English Language

and Elementary Mathematics, and obtained in not more than two

sittings.

Course Content

B.Sc. Degree Programme (Full-Time) BANKING & FINANCE

100 LEVEL

HARMATTAN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

ECO 111

Elements of Economics I

MAT 101

General Mathematics I

GNS 101

Communication in English

GNS 103

History and Philosophy of Science

GNS 105

Modern Agric. & Rural Development

CMP 101

Introduction to Computer Science

Total Compulsory (BMAS)

BFN113

Financial Institutions and Markets

ACC 111

Introduction to Accounting and Ethics I

BUS 113

Creativity & Business Innovation

Total Compulsory Units

100 LEVEL

RAIN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

ECO 112

Elements of Economics II

MAT 102

General Mathematics II

GNS 102

Study Skills & ICT

GNS 104

Philosophy & Logical Thinking

Total Compulsory (BMAS)

BFN 112

Introduction to Banking Law

BFN 116

Foundation of Finance

ACC 112

Introduction to Accounting & Ethics II

BUS 112

Business Environment

BFN 114

Introduction to Investment

Total Compulsory Units

200 LEVEL

HARMATTAN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 211

Introduction to Finance

ACC 211

Introduction to Financial Accounting I

ACC 213

Introduction to Cost & Management

Accounting

ECO 211

Introduction to Microeconomics I

ECO 213

Introduction to Macroeconomics I

STA 201

Statistics I

GNS 201

Nigerian People and Culture

GNS 203

Communication in French

GNS 205

Entrepreneurial Skill I

Total Compulsory Units (BMAS)

200 LEVEL

RAIN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 212

Elements of Banking

ACC 212

Introduction to Financial Accounting II

BUS 212

Business Communication

BUS 214

Introduction to Business

ECO 214

Introduction to Macroeconomics II

STA 202

Statistics II

CMP 202

Application of Computer

GNS 202

Peace Studies and Citizenship Education

GNS 204

Entrepreneurial Skill II

Total Compulsory Units (BMAS)

300 LEVEL

HARMATTAN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 307

Comparative Banking

BFN 311

Financial Systems

BFN 313

Banking Methods and Processes

BFN 325

Practice of Banking

BFN 327

Banking Law and Regulations

BUS 313

Entrepreneurship Studies

Compulsory (BMAS)

BFN 309

Mortgage Finance

BFN 323

Elements of Public Finance

ECO 317

Introduction to Econometrics

Total Compulsory Units

300 LEVEL

RAIN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 314

Monetary Theory & Policy

BFN 318

Financial Management

BFN 322

Research Methods

BIL 302

Commercial Law I

BUS 320

Elements of Management

PUB 322

Elements of Government

Compulsory (BMAS)

BFN 324

Management Information Systems

Total Compulsory Units

 Students must take and pass at least two (2) Units of Elective at this level.

400 LEVEL

HARMATTAN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 403

International Finance

BUS 405

Business Policy I

BFN 413

Project Evaluation

BFN 421

Analysis of Business Decision

Total Compulsory (BMAS)

BFN 409

Theory of Corporate Finance

BFN 411

Management of Financial Institutions

BFN 415

Fiscal Policy Analysis

BFN 417

Agric. & Small Business Finance

Total Compulsory Units

400 LEVEL

RAIN SEMESTER

COURSE CODE

COURSE TITLE

STATUS

UNITS

BFN 404

Capital Market and Portfolio Theory

BFN 406

Bank Lending and Loan Administration

BFN 412

Marketing of Financial Services

BFN 418

Investment Banking

BUS 406

Business Policy II

BFN 499

Research Project

Total Compulsory Units (BMAS)

BFN 414

Multinational Business Finance

BFN 416

Pension Fund and Trust Administration

Total Compulsory Units

 Students must take and pass at least two (2) Units of Elective at this level.

A. Graduation Requirements:

The degree requirements for students, who have chosen Banking and Finance

as their major, are derived from specified requirement stipulated by the

Faculty of Administration and Management Sciences and the University. The

details applicable to the Department are outlined below:

B. (i) University Requirements

A pass in the compulsory General Studies, namely;

Course Code

Units

Course Description

GNS 101

Communication in English

GNS 102

Study Skill & ICT

GNS 103

History and Philosophy of Science

GNS 104

Philosophy and Logical Thinking

GNS 105

Modern Agric & Rural Development

GNS 201

Nigeria People & Culture

GNS 202

Peace Studies & Citizenship

Education

GNS 203

Communication in French

GNS 204

Entrepreneurial Skill II

GNS 205

Entrepreneurial Skill I

Total no of Units

Source: GNS Unit Handbook

B (iii) Department Requirements

100 Level Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

29Units

10 Units

Units

Required

Electives

Total

29 Units

10 Units

Units

200 Level Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

35 Units

10 Units

45 Units

Required

Electives

Total

35 Units

10 Units

Units

300 Level Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

37 Units

Required

Electives

02 Units

Total

39 Units

Units

400 Level Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

37 Units

Required

Electives

02 Units

Total

39 Units

D. (iv) Minimum Graduation Requirements (Summary)

Level

UME Units

Direct Entry Units

100 Level

200 Level

300 Level

400 Level

Total

162

133

B. ACADEMIC CURRICULUM (Part Time)

B.Sc. Degree Programme (PART-TIME) Banking & Finance

FOUR YEARS PROGRAMME

Year 2

Harmattan Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 211

Introduction to

Finance

2-1-0

ACC 211

Financial Accounting I

2-1-0

ECO 211

Introduction to

Microeconomics I

2-1-0

ECO 213

Introduction to

Macroeconomics I

2-1-0

GNS 101

Communication in

English

2-0-0

GNS 103

History and Philosophy

of Science

2-0-0

GNS 105

Modern Agric. & Rural

Development

2-0-0

Total number of units of compulsory courses

16 Units

Year 2

Rain Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 212

Elements of Banking

2-1-0

ACC 212

Financial Accounting II

2-1-0

BUS 214

Introduction to

Business

2-1-0

ECO 214

Introduction to

Macroeconomics II

2-0-0

BUS 212

Business

Communication

2-0-0

CMP 202

Application of Computer

2-1-0

GNS 102

Study Skills & ICT

2-0-0

GNS 104

Philosophy & Logical

Thinking

2-0-0

Total number of units of compulsory courses

20 Units

Year 3

Harmattan Semester

Course

Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 311

Financial Systems

2-1-0

ACC 213

Introduction to Cost &

Management Accounting

2-1-0

BFN 313

Banking Methods and

Processes

2-1-0

STA 201

Statistics I

2-1-0

BFN 309

Mortgage Finance

2-0-0

GNS 201

Nigerian People and

Culture

2-0-0

GNS 203

Communication in French

2-0-0

GNS 205

Entrepreneurial Skill I

2-0-0

Total number of units of compulsory courses

18 Units

Year 3

Rain Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 314

Monetary Theory &

Policy

2-1-0

BUS 320

Elements of

Management

2-1-0

BIL 302

Commercial Law I

3-1-0

STA 202

Statistics II

2-1-0

GNS 202

Peace Studies and

Citizenship Education

2-0-0

GNS 204

Entrepreneurial Skill II

2-0-0

Total number of units of compulsory courses

17 Units

Year 4

Harmattan Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 327

Banking Law and

Regulations

2-1-0

BFN 307

Comparative Banking &

International Monetary

Relations.

2-1-0

BUS 313

Entrepreneurship

Studies

3-1-0

BFN 325

Practice of Banking

2-1-0

BUS 405

Business Policy I

2-1-0

BFN 323

Elements of Public

Finance

2-0-0

ECO 317

Introduction to

Econometrics

2-0-0

Total number of units of compulsory

courses

15 Units

Year 4

Rain Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 322

Research Methods

2-1-0

BFN 318

Financial Management

2-1-0

BUS 406

Business Policy II

2-1-0

BFN 418

Investment Banking

2-1-0

BFN 324

Management

Information Systems

2-0-0

PUB 322

Elements of

Government

2-0-0

Total number of units of compulsory

courses

15 Units

Students must take and pass at least 2 units of the Elective.

Year 5

Harmattan Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 403

International Finance

2-1-0

BFN 413

Project Evaluation

2-1-0

BFN 211

BFN 409

Theory of Corporate

Finance

2-0-0

BFN 211

BFN 411

Management of

Financial Institutions

2-0-0

BFN 421

Analysis of Business

Decision

2-1-0

BFN 415

Fiscal Policy Analysis

2-0-0

BFN 417

Agric. & Small Business

Finance

2-0-0

Total number of units of compulsory

courses

13 Units

Year 5

Rain Semester

Course Code

Course Title

Status

Contact Hours

No. of Units

Pre-

requisites

BFN 412

Marketing of Financial

Services

2-1-0

BFN 404

Capital Market and

Portfolio Theory

2-1-0

BFN 406

Bank Lending and Loan

Administration

2-1-0

BFN 325

BFN 499

Research Project

BFN 414

Multinational Business

Finance

2-0-0

BFN 416

Pension Fund and Trust

Administration

2-0-0

Total number of units of compulsory

courses

15 Units

Students must take and pass at least 2 units of the Elective.

A. Graduation Requirements:

The degree requirements for students, who have chosen Banking and Finance

as their major, are derived from specified requirement stipulated by the

Faculty of Administration and Management Sciences and the University. The

details applicable to the Department are outlined below:

B. (i) University Requirements

A pass in the compulsory General Studies, namely;

Course Code

Units

Course Description

GNS 101

Communication in English

GNS 102

Study Skill & ICT

GNS 103

History and Philosophy of Science

GNS 104

Philosophy and Logical Thinking

GNS 105

Modern Agric. & Rural Development

GNS 201

Nigeria People & Culture

GNS 202

Peace Studies & Citizenship

Education

GNS 203

Communication in French

GNS 204

Entrepreneurial Skill II

GNS 205

Entrepreneurial Skill I

Source: GNS Unit Handbook

C (iii) Department Requirements

Year 2 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

26Units

10 Units

36 Units

Required

Electives

Total

26 Units

10 Units

36Units

Year 3 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

25 Units

10 Units

35 Units

Required

Electives

3 Units (optional)

Total

25 Units

10 Units

35 Units

Year 4 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

30 Units

Required

Electives

02 Units

Total

32 Units

32Units

Year 5 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

28 Units

Required

Electives

02 Units

Total

30 Units

3 Years Programme:

It comprises of Years 3 to 5 courses, but incorporates all University and

compulsory courses i.e. students must take all Year 2 University

requirements in Year 3, and those of Year 3 in the Fourth Year.

D. (iv) Minimum Graduation Requirements (Summary)

Four Years

Programme

Three Years

Programme

Year 2

Year 3

Year 4

Year 5

Total

133

107

2 Years Programme (CIBN LINKAGE)

Year 4

Harmattan Semester

Course

Code

Course Title

Status

Contact Hours

No. of Units

Pre-requisites

BFN 327

Banking Law and

Regulations

2-1-0

BFN 307

Comparative Banking

& International

Monetary Relations

2-1-0

BFN 325

Practice of Banking

2-1-0

BUS 313

Entrepreneurship

Studies

2-1-0

GNS 101

Communication in

English

2-0-0

GNS 103

History and Philosophy

of Science

2-0-0

GNS 105

Modern Agric. & Rural

Development

2-0-0

BFN 323

Elements of Public

Finance

2-1-0

BUS 405

Business Policy I

2-1-0

ECO 317

Introduction to

Econometrics

2-1-0

Total number of units of compulsory courses

21 Units

Year 4

Rain Semester

Course

Code

Course Title

Status

Contact Hours

No. of Units

Pre-requisites

BFN 318

Financial Management

2-1-0

BFN 322

Research Methods

2-1-0

BFN 418

Investment Banking

2-1-0

BFN 301 &

305

BUS 406

Business Policy II

2-1-0

PUB 322

Elements of

Government

2-1-0

BFN 301 &

305

BFN 324

Management

Information Systems

2-1-0

GNS 102

Study Skills & ICT

2-0-0

GNS 104

Philosophy & Logical

Thinking

2-0-0

Total number of units of compulsory courses

19 Units

Students must take and pass at least 3 units of the Elective.

Year 5

Harmattan Semester

Course

Code

Course Title

Status

Contact Hours

No. of Units

Pre-requisites

BFN 403

International Finance

2-1-0

BFN 413

Project Evaluation

2-1-0

BFN 407

Theory of Corporate

Finance

2-1-0

BFN 411

Management of

Financial Institutions

2-0-0

BFN 421

Analysis of Business

Decision

2-1-0

STA 201

Statistics I

2-1-0

GNS 201

Nigerian People and

Culture

2-0-0

GNS 203

Communication in

French

2-1-0

GNS 205

Entrepreneurial Skill I

2-1-0

BFN 417

Agric. & Small Business

Finance

2-1-0

BFN 415

Fiscal Policy Analysis

2-0-0

Total number of units of compulsory courses

22 Units

Year 5

Rain Semester

Course

Code

Course Title

Status

Contact Hours

No. of Units

Pre-requisites

BFN 412

Marketing of Financial

Services

2-1-0

BFN 407

BFN 404

Capital Market and

Portfolio Theory

2-1-0

BFN 406

Bank Lending and Loan

Administration

2-1-0

BFN 401

BFN 499

Long Essay

STA 202

Statistics II

2-1-0

GNS 202

Peace Studies and

Citizenship Education

2-0-0

GNS 204

Entrepreneurial Skill II

2-0-0

BFN 416

Pension Fund and

Trust Administration

2-0-0

BFN 414

Multinational Business

Finance

2-0-0

Total number of units of compulsory courses

22 Units

Elective is optional at this level

B Graduation Requirements:

Year 4 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

30 Units

40 Units

Required

Electives

02 Units

Total

32 Units

42 Units

Year 5 Minimum Numbers of Units to Pass

Compulsory

Department

University

Total

Compulsory

34 Units

44 Units

Required

Electives

02 Units

Total

36 Units

46 Units

Minimum Graduation Requirements (Summary)

OOU-CIBN LINKAGE

PROGRAMME

TWO YEARS

PROGRAMME

Year 4

Year 5

Total

86 Units

COURSE DESCRIPTION

COURSE TITLE: FINANCIAL INSTITUTIONS AND MARKETS

COURSE CODE: BFN 113

COURSE UNIT: 2C

Preamble: Financial markets play an important role in the efficient functioning of market

economy. Financial Institution is any establishment that facilitates the mobilization of funds

between the surplus and the deficit sectors in an economy. This course studies the

fundamental principles that govern financial markets and institutions. The course aims at

teaching and providing a basis for understanding of the Banking and Non-Banking financial

institutions as well as operations of the financial market.

Course Objectives:

i. The course aims at introducing to the students to the principles and operations

of financial institutions and market.

ii. The course will teach the history, evolution and development of banking and non-

banking financial institution.

iii. The course will help students to better understand the process of credit creation

by Deposit Money Banks

iv. This course will expose students to the various instruments traded both in the

capital and money market as well as the challenges facing the financial markets.

OUTLINE

1. Introduction

Definition of Financial intermediation

Types and functions of Financial Intermediaries

2. Definition of Financial Institutions

Types of Financial Institution

Banking Financial Institutions

Non-Banking Financial Institutions

3. Origin, Growth and Development of Banking

4. Definition of a Bank

Types of banks

Economic functions of Bank

Central Bank

Deposit Money Banks (Commercial Banks)

Merchant Bank

Islamic Banking

5. Definition and history of Money

Principles of Money and Banking

Roles of Banking in the economy

6. Overview of Banking Industry in Nigeria

Credit Instruments and Credit Creation by Commercial Banks

7. Definition of Financial Market

Types of Financial markets (Money and Capital Markets)

Instruments traded in a money market and Capital market .

Money and capital markets and the Nigerian Financial System

Money market problems and prospects in Nigeria

Recommended Texts

Carmichael, Jeffrey, and Michael Pomerleano (2002) The Development and Regulation of

Non-bank Financial Institutions. World Bank, Washington, DC.

Madura. J (2018) Financial Markets and Institution Cengage Learning, New York 12th

edition.

Vaish M.C. (2009) Monetary theory. New Delhi: vikas publishing house Limited India. 16th

edition.

WORLD Bank. (2012) Global Financial Development Report 2013: Rethinking the Role of

the State in Finance. World Bank, Washington,

COURSE CODE: ACC 111

COURSE TITLE: Introduction to Accounting Ethics I

COURSE UNIT: 2C

The objective of this course is to introduce students to the nature, scope, purpose and historical

background of accounting. Students are further to be acquainted with the nature of ethics and its

role in accounting practice.

1. Overview of accounting and ethics

2. Evolution of accounting

3. Environment of accounting

4. Qualities of an accountant

5. Fundamental principles of accounting practice

6. Accountant and the public interest

7. The role of ethics in accounting

8. Ethical threats to accounting practice

9. Safeguards to ethical threats

Course Code: BUS 113

Course Title: Business Innovation and Creativity

COURSE UNIT: 2C

1. Overview of Innovation and Creativity: Explain the Concept of Creativity, Explain the Concept

of Innovation, Difference between Creativity and Innovation, Characteristics of Creativity in

People, Strategies for Increasing your Creativity and Innovation, The Four Ps' of Creativity and

Innovation.

2. Ideation and Idea generation: Meaning and definition of Ideation and Idea generation, Tools

and Techniques for Idea Generation, Succeeding with Idea Generation

3. Idea Evaluation: Meaning and definition of Idea Evaluation, Idea Evaluation Process, Idea

Review Method, Idea Development

4. Building Creative Team: Meaning and definition of Creative Team, Objectives of the Creative

Team, Benefits of Creative Team Building in the Organization, Common Mistakes When

Managing Creative Teams, Ways of Managing any Team

5. Creative Problem-Solving: Explain the meaning of Creative Problem-Solving, Core Principles

of Creative Problem Solving, Creative Problem-Solving (CPS) Process

6. Analyzing the Environment: Meaning and types of Environment, Features of Business

Environment, Importance of Business Environment, Techniques for Analyzing the Environment,

Techniques for Recognizing Problems.

COURSE CODE: ECO 111

COURSE TITLE: Principles of Economics I

COURSE UNIT: 3C

The basic problem of Scarcity and choice: the methodology of Economic Science, the general

principles of resource allocation; the concept of optimality and Equity; equilibrium and

disequilibrium; micro- economics versus macro economics; demand, supply and price: types of

resource allocation decision; method of resource allocation in an economy: theory of the Firm;

introduction to welfare economics.

COURSE CODE: MAT 101

COURSE TITLE: ELEMENTARY MATHEMATICS

COURSE UNIT: 3C

Elementary set theory subsets union intersection complements Venn diagrams Real numbers

integers rational and irrational numbers mathematical inductions real sequences and series theory

of quadratic equations binomial theorem. Complex numbers algebra of complex numbers the

Argand Diagram De Movirem theorem nth roots of unity. Circular measure trigonometric

functions of angles of any magnitude addition and factor formulae.

COURSE CODE: CMP 101

COURSE TITLE: Introduction to Computer Science (3 Units)

COURSE UNIT: 3C

History of Computers; Computer Hardware: functional components, modern input/output units.

Computer Software: operating Systems, application packages. Computer numbering

system.DataRepresentation.Computers in the Society.Problem Solving with

Computers.Introduction to computer Networks.The role of IT in an organization.

COURSE CODE: GNS 101

COURSE TITLE: Communication in English

COURSE UNIT: 2C

Effective communication and writing in English, Language skills, writing of essay answers,

Comprehension, Sentence construction, Outlines and paragraphs, Collection and organization of

materials and logical presentation, Punctuation, Logical presentation of papers, Phonetics,

Instruction on lexis, Art of public speaking and Oral Communication, Figures of speech, Precis,

Report Writing

COURSE CODE: GNS 103

COURSE TITLE: History and Philosophy of Science

COURSE UNIT: 2C

Man – his origin and nature, Man and his cosmic environment, Scientific methodology, Science

and technology in the society and service of man, Renewable and non-renewable resources – man

and his energy resources, Environmental effects of chemical plastics, Textiles, Wastes and other

material, Chemical and radiochemical hazards. Introduction to the various areas of science and

technology. Elements of environmental studies.

COURSE CODE: GNS 105

COURSE TITLE: Modern Agriculture & Rural Development

COURSE UNIT: 2C

Sociology of Nigerian Rural Areas, Economic opportunities in Agriculture, Cultural practices and

Crop Production Systems in Nigeria, Livestock Production and Management, Introductory

Agriculture and small scale fish Production, Farm Management, Agricultural extension and

teaching method, Introduction to Human Nutrition and Food Science, Introduction to Forestry

and Wildlife, Farm Practical.

COURSE TITLE: INTRODUCTION TO BANKING LAW

COURE CODE: BFN 112

COURSE UNIT: 2C

Definition of law, types of law, organs of government: legislative, executive, judiciary

2. Introduction to Nigeria law. Its sources (customary law, statute law, interpretation of

statutes, English law, equity law, statute of general application judicial precedent.

3. Process and administration: organization of Nigerian court Supreme Court, court of

appeal, federal high court, state high court, general organization of the court.

4. Law required for business transaction in Nigeria- contract, torts, principles of

negotiability and land law.

5. Statutes and regulation governing the establishment, running and relationship among

banks, their private sector clients and public sector.

6. Relevant Nigeria laws on contract, contract of employment, partnership law, law of

agency, hire purchase, sales of good.

7. Introduction to banking law, Regulators of Nigeria Banking System, Laws regulating the

operation of Banking in Nigeria, Salient points in Banks other Financial Institution Act

(BOFIA), Salient points of Central Bank of Nigeria Act, Salient points of Bills of Exchange Act.

(BEA) etc

Recommended Texts

Adegboyega . R.R (2016) General Principles of Law and Ethics Darosat global business

limited Ring Road Ibadan

Omojola F. (2009) Omojola’s General Principle of Busines and Co-operative law in Nigeria.

Darkol Press and Publishers (DPP) Isolo lagos

Nwabueze. B (1978). The land use decree and bank securities. Lectured delivered at

Nigerian institute of bankers securities lectured delivered at Nigerian Institute of

journal

COURSE TITLE: INTRODUCTION TO INVESTMENT

COURSE CODE: BFN 114

COURSE UNIT: 2E

1. Concept and Meaning of Investment.

2. Forms / Types of Investment (Real and Financial Assets).

3. Setting Investment Objectives.

4. Benefits of Investment.

5. Introduction to Real Assets Investment Project Analysis

i. Real Investment/ Meaning.

ii. Features of Real Asset Investment Environment.

iii. Elementary Capital Budgeting Decision Analysis.

iv. Methods of capital budget analysis (Non-Discounted Cash Flow/ Discounted

Cash Flow Techniques.

6. Introduction to financial Investment Decision Analysis

i. Features of Financial asset investment environment.

ii. Money and Capital Market Instruments.

iii. Elementary pricing of Money Market Instrument.

iv. Elementary pricing of Capital Market Instrument.

Recommended Texts

1. Pratap Giri S. (2013) Investment Banking Concept, Analyses and Cases. Second

edition McGraw Hill education (India) Private limited.

2. Joshua Rosenbaum & Joshua Pearl ( 2013) Investment Banking second edition

John Wiley& Son Inc. Hoboken, New Jersey.

3. Jack Clark Francis & Richard W. Taylor (2000) Schaum’s Outline of Theory and

Problems of investment. Tata McGraw-Hill companies Inc. New York

COURSE TITLE: FOUNDATION OF FINANCE

COURSE CODE: BFN 116

COURSE UNIT: 2C

1. Capital Budgeting under uncertainty

- Meaning of uncertainty, risk and the importance in capital budgeting

- Classification of risks – business risk, financial risk, interest-rate risk, default

risk, price-level risk, market risk, liquidity risk, operating risk, systematic risk

and unsystematic risk

2. Techniques of Capital Budgeting under risk and uncertainty

(a) Non-Probability Approach

- Payback Period: Applying a Time Limit

- Risk-adjusted Discount Rate

- Certainty-equivalent Approach

- Sensitivity Analysis

(b) Probability based approach

- Expected Value approach

- Standard Deviation of Cash Flow

- Coefficient of variation

- Risk and Portfolio of Investment Project

3. Capital Investment Analysis and Inflation

- Nature of Inflation

- Money Cash Flows and Real Cash Flows

- Money and Real Discount Rates

- Inflation and Discounted Cash Flow (DCF) Appraisal

4. Capital Investment Analysis: Capital Rationing

- Nature of Capital Rationing

- Project Selection under Capital Rationing

- Single Period Capital Rationing

Case 1: Divisible Projects

Case 2: Rationing with Mutually Exclusive Divisible Projects

Case 3: Indivisible Projects

- Multi Period Capital Rationing

5. Leverage: Business and Financial Risk

- Concept of Leverage

- Operating Leverage

- Financial Leverage

- Combined Leverage

6. Cost of Capital

- Valuation of common shares/stocks

- Valuation of bond/debentures

- Valuation of preference shares

- Weighted Average Cost of Capital (WACC)

7. Cost of Capital, Financial Leverage and the Value of the Firm

- Assumptions underlying Capital Structure Theories

- Net Income Approach

- Net Operating Income Approach

- Traditional Approach

- Modigliani and Miller Theory

8. Dividend Policy

- Nature of Dividends

- Forms of Dividends

- Dividend Theories

References

1. Panday, I. M. (2010). Financial Management, (10th ed.). New Delhi, VIKAS

Publishing House PVT Ltd.

2. Olowe, R.A. (2006). Financial Management: Concepts, Analysis and Capital

Investments, Brierly Jones Nig. Ltd, Lagos.

3. Van Horne, J.C. (1989). Financial Management and Policy, (8th ed). Eaglewood

Cliffs, N.J. Prentice Hall Inc.

4. Ross, S.A; Westerfield, R.W. and Jordan, B.D. (2006). Fundamentals of Corporate

Finance, (7th ed). McGraw-Hill, Irwin.

COURSE CODE: ACC 112

COURSE TITLE: Introduction to Accounting Ethics II

COURSE UNIT: 2C

The objective of this course is a further introduction of accounting students to the basics of ethics

in accounting and their applications in business.

1. Environment of ethics: Corporate, professional and regulatory

2. Professional code of ethics

3. Corporate code of ethics

4. Conflict of interest and the accountant

5. Bribery and corruption

6. Accounting ethics cases consideration

COURSE CODE: BUS 112

COURSE TITLE: Business Environment

COURSE UNIT: 2C

i. Concept, meaning and backgrounds of business environment

ii. Introduction to types of Business environment

iii. The internal environment

iv. The external environment

v. Environmental scanning

vi. Analysing the environment

vii. The competitive environment

viii. Corporate social responsibility

ix. Overview of the Nigerian Business environment

COURSE CODE: ECO 112

COURSE TITLE: Principles of Economics II

COURSE UNIT: 2C

Introduction to Macroeconomics: national income determination; the public sector in the national

economy; macroeconomic policy objectives and instruments; introduction to money and banking,

introduction to economic growth and development. Trade politics with particular reference to

Nigeria

COURSE CODE: MAT 102

COURSE TITLE: ELEMENTARY MATHEMATICS II

COURSE UNIT: 3

Functions of a real variable graphs limits and continuity. The derivative as limit of rate of

change.Techniques of differentiation.Curve sketching integration as an inverse of differentiation.

Methods of integration definite integrals.Application of integration to areas and volume.

COURSE CODE: GNS 102

COURSE TITLE: Study Skills & ICT

COURSE UNIT: 2C

Brief history of libraries, Library and education, University libraries and other types of libraries,

Study skills (reference services). Types of library materials, using library resources including e-

learning, e-materials; etc, Understanding library catalogues (card, OPAC, etc) and classification,

Development of modern ICT, Hardware technology Software technology, Input devices, Storage

devices, Output devices, Communication and internet services, Word processing skills (typing,

etc).

COURSE CODE: GNS 104

COURSE TITLE: Philosophy & Logical Thinking

COURSE UNIT: 2C

A brief survey of the main branches of Philosophy Symbolic Logic Special symbols in symbolic

Logic-conjunction, negation, affirmation, disjunction, equivalent and conditional statements law

of tort. The method of deduction using rules of inference and bi-conditionals qualification theory.

Types of discourse, Nature or arguments, Validity and soundness; Techniques for evaluating

arguments; Distinction between inductive and deductive inferences; etc. (Illustrations will be

taken from familiar texts, Including literature materials, Novels, Law reports and newspaper

publications).

COURSE CODE: BFN 211

COURSE TITLE: Introduction to Finance

COURSE UNIT: 3C

1 Evolution and Structure of Financial Markets in Nigeria

(a) Capital Market

Structure of the Capital Market

- Participants in the Capital Market

- Instruments in the Capital Market

- Requirements for listing in the Nigerian Capital Market

- Automated Trading System

- Central Securities Clearing System

(b) Money Market and Sub-Markets

Structure of the Money Market

- Participants in the Money Market

- Instruments in the Money Market

2 Financial Intermediation Process and Financial Markets

3 The concept of Efficient Capital Market

- The concept of Capital Market Efficiency

- Assumptions underlying Efficiency

- Forms of Market Efficiency

- Implication of Market Efficiency

4 Negotiable Instruments

- Definition and features of Negotiable Instruments

- Bill of Exchange

- Cheques and Promissory note

5 Business organization and its financial objectives

Forms of Business organizations and their characteristics

- Profit Maximization Objective

- Wealth Maximization Objective

- Other Maximization Objectives

• Sales maximization

• Growth maximization

• Return on investment maximization

• Social objectives

6 Scope of Finance

- Investment/Financial Decisions

- Finance Functions

- Financial management as a tool for planning and control

7 Concept of Investment

- Time Value of Money

- Time Preference for Money

- Concept of Simple Interest and Compound Interest

Concept of Annuity

Nature of Risk in Finance

- Definition of Risk and Return

- Costing and Risk

- Risk-Return Trade Off

References

1. Akingunola, R. O. (2016). Fundamentals of Finance, Gratia Associates International,

Ijebu-Ode

2. Panday, I.M. (2010). Financial Management, (10th Ed). New Delhi, VIKAS Publishing

House PVT Ltd.

3 Olowe, R.A. (2006). Financial Management-Concepts, analysis and Capital Investments.

Brierly Jones Nig. Ltd, Lagos.

4. Van Horne, J.C. (1989). Financial Management and Policy, (8th Ed). Eaglewood Cliffs,

N. J., Prentice Hall Inc.

5. Ross, S.A; Westerfield, R.W. and Jordan, B.D. (2006). Fundamentals of Corporate

Finance, (7th ed). McGraw-Hill, Irwin.

COURSE CODE: ACC 211

COURSE TITLE: Introduction to Financial Accounting I

COURSE UNIT: 3C

1. NATURE AND PURPOSE OF ACCOUNTING

- Meaning of Accounting

- Book-keeping and Accounting

- Purpose of Accounting

- Users and uses of accounting information

2. ACCOUNTING CONCEPTS AND CONVENTIONS

- Meaning of Accounting Concepts, bases and Policies

- Distinction between Accounting Concepts, bases and Policies

3. SOURCE DOCUMENTS AND SUBSIDIARY BOOKS

- Meaning and classification of Business Transactions

- Meaning and Types of Source Document (e.g. Receipt, invoice etc)

- Link between different source documents and types of business transactions

- Meaning of Subsidiary Books

- Types of Subsidiary Books

- Link between various subsidiary books and business transactions

- Procedures for recording transactions in each type of subsidiary books

4. DOUBLE ENTRY BOOK-KEEPING AND THE LEDGER

- Meaning of Double Entry Book-Keeping

- Rules of Double Entry Book-Keeping

- The ledger as Book of Account

- Classification of the Ledger

- Types of Accounts related to various ledger classification (i.e. Real, Nominal,

Personal etc)

- Posting of Entries from subsidiary books to the Ledger.

5. REVENUE AND CAPITAL DISTINCTION

- Revenue Income

- Revenue expenditure

- Capital Income

- Capital Expenditure

- The Significance of the Capital and Revenue Distinction

6. THE TRIAL BALANCE

- Meaning of Trial Balance

- Rules for Trial Balance extraction from the Ledger

- Interpretation of account balances (i.e. debit balance and credit balance)

7. FINANCIAL STATEMENT OF A SOLE TRADER

- Meaning of Financial Statements

- Structure and Contents of:

* Statement of Profit or Loss and Other Comprehensive Income

* Statement of Financial Position

8. ADJUSTMENT TO FINANCIAL STATEMENTS

- Inventories

- Depreciation

- Accruals and prepayments

9. CORRECTION OF ERRORS

- Meaning of Errors

- Difference between error and fraud

- Error affecting Trial Balance agreement

- Errors not affective trial balance agreement

- Effect of Errors on profit

10. BANK RECONCILIATION STATEMENT

- Structure and contents of:

* Cash Book

* Bank Statement

- Adjusted Cash Book

- Unpresented and Uncredited Cheques

- Preparation of Bank Reconciliation Statement

- Importance of Bank Reconciliation Statement

COURSE CODE: ACC 213

COURSE TITLE: Introduction to Cost & Management Accounting

COURSE UNIT: 3C

Nature, Scope and Functions of Cost and Management Accounting.

The Principles underlying the preparation and presentation of Cost Accounts for various types of

business.

The Different Meanings of ‘Cost’: Viz: Historical Costs, Standard Cost, Marginal Cost, Average

Cost etc. Cost Unit and Cost Centres.

The Elements of Cost and Classification of Costs.

Cost Accounting for Material, labour, Over-heads and Equipment:

Job and Process Cost Accounting,

Elements of Marginal Costing, Standard Costing and Budgetary Control.

Double Entry Accounts for Cost Control.

Nature and Uses of Accounting Ratio.

Elementary Break-even Analysis,

Current Problems and Issues.

COURSE CODE: ECO 211

COURSE TITLE: Introductory Microeconomics I

COURSE UNIT: 2C

Introduction to microeconomics theory and analysis; Basic tools of Economics Analysis: Basic

Mathematical and Statistical Concepts and their Applications. The price system: Demand and

Supply analysis and their Applications, Market Equilibrium, Price Legislation: Minimum and

Maximum price level and their Applications. Elasticity of Demand and Supply: types, nature and

uses; some applications of elasticity concepts – types of goods; theory of Consumer Behaviour:

Meaning, types and forms of utility, Approaches to Utility and utility Maximization Concepts,

Application: Consumer Surplus.

COURSE CODE: ECO 213

COURSE TITLE: Introduction to Macro Economics 1

COURSE UNIT: 2C

Differences in micro-macroeconomics; Scope and methodology of National Income Accounting;

The Equilibrium Level of National Income: Basic theories of Employment and Income, National

income measurement and determination; Macroeconomic theory of Consumption, Saving and

Investment. Aggregate Demand and its Effect and Policy Implications of the Keynesian Theory,

Money: Definition, Types, Properties and Functions of Money, Demand and Supply of Money.

Banking System in Nigeria: Commercial and Merchant Banking- Functions and Comparison

between Commercial and Merchant Banks, The Central Banks and Other Financial Institutions.

COURSE CODE: STA 201

COURSE TITLE: Statistics 1

COURSE UNIT: 3 C

Introduction to Statistics. Presentation of Data. Measures of Central Tendency and Dispersion.

Probability. Random Variable and Statistical Hypothesis. Analysis of Categorical data.

Regression and Correlation Analysis. Analysis of Variable

COURSE CODE: GNS 201

COURSE TITLE: Nigerian People and Culture

COURSE UNIT: 2C

Study of Nigerian history, culture and arts in pre-colonial times, Nigerian’s perception of his

world, Culture areas of Nigeria and their characteristics, Evolution of Nigeria as a political unit,

Indigene/settler phenomenon, Concepts of trade, Economic self-reliance, Social justice,

Individual and national development, Norms and values, Negative attitudes and conducts (cultism

and related vices), Re-orientation of moral Environmental problems.

COURSE CODE: GNS 203

COURSE TITLE: Communication in French

COURSE UNIT: 2C

Introduction to French, Alphabets and numeric for effective communication (written and oral),

Conjugation and simple sentence construction based on communication approach, Sentence

construction, Comprehension and reading of simple texts.

COURSE CODE: GNS 205

COURSE TITLE: Entrepreneurial Studies

COURSE UNIT: 2C

Introduction to entrepreneurship and new venture creation; Entrepreneurship in theory and

practice; The opportunity, Forms of business, Staffing, Marketing and the new venture;

Determining capital requirements, Raising capital; Financial planning and management; Starting

a new business, Feasibility studies; Innovation; Legal Issues; Insurance and environmental

considerations. Possible business opportunities in Nigeria.

COURSE TITLE: ELEMENTS OF BANKING

COURSE CODE: BFN 212

COURSE UNIT: 3C

Introduction: This course introduces students to the Nigerian system comprising

of financial market and intermediaries including financial instruments. This course

will also expose the students to elementary financial investment analysis as well as

how financial market operations and dealings.

Overall Content

The Business of Banking, The Development of Money, Historical Development of

Banking, The Central Bank of Nigeria, The Nigeria Banking structure, Savings and

Investment, The Nigerian Money Market, Bank’s Balance Sheet, Organizational

Structure of Clearing Bank, Bills of Exchange Cheques, Methods of Payment through

the Banking System, Bank Customers, Bank Accounts Services for the Exporters and

Importers, Bank, lending, Interpreting the Accounts of Customers and The Banker’s

Institute (The Chartered Institute of Bankers of Nigeria (CIBN).

1. Introduction to Financial Intermediation

a. Concept of financial Intermediation

b. Types of financial intermediaries

c. Roles of financial intermediaries

2. Financial Institutions

a. Concept of Financial Institutions

b. Forms of financial Institutions

c. Difference between banking and Non-banking financial institutions

3. Origin, growth and Development of Banking Institutions in Nigeria

a. Evolution of Central Bank of Nigeria

b. Monetary and Developmental functions of the Central Bank of Nigeria

c. Concept and Roles of Commercial Banks in Nigeria

4. Essentials of Bank in an Economy

a. Definition and Meaning of Bank

b. Identify the types of Bank in Nigeria

c. Economic functions of Bank

5. Money and Banking

a. Concept and attribute of Money

b. Money Creation process by the Commercial Bank

c. Demand and Supply of Money

6. Overview of Nigeria Financial System

a. Nature of Nigeria Financial System

b. Structure and Role of Nigeria Financial System

c. Nature of Financial System

d. Classification of Financial Market

7. The Money Market

a. Concept of Money Market

b. Evolution and Growth of Nigeria Money Market

c. Money Market Instruments

d. Motives for Money Market

8. The Capital Market

a. Concept of Capital Market and it’s role

b. Who are the participants and operators of the Capital Market

c. Identify the Capital Market Instruments

d. Similarities and Differences of Capital and Money Market

9. The Chartered Institute of Bankers of Nigeria

Understand the membership criteria, council attributes, and examination

Explain the examination exercise, discipline profession and financial institution

training center (FITC).

Illustrate the Banker’s Committee and Banker’s Tariff

Describe the concept of Banker’s and Customer’s Relationship

10. Legislation and Regulation

Explain the legal framework for banking regulation

Discuss the regulatory authorities for banking

Enumerate the procedure for issuance of bank license

11. Bank Accounts of Customers

a. Meaning of bank accounts

b. Types of bank accounts of customers

c. Understand the precautions to be taken while opening bank accounts for

customers

d. Special types of customersRecommended Text Book

1. Maladapted Financial System by J.T. Ojo

COURSE CODE: ACC 212

COURSE TITLE: Introduction to Financial Accounting II

COURSE UNIT: 3C

1. MANUFACTURING ACCOUNT

- Purpose of Manufacturing Accounting

- Elements of Cost

- Treatment of Work-in-Progress

- Market Value of Goods Produced

- Preparation of Manufacturing Accounts

2. ACCOUNTING FOR PROPERTY, PLANTS & EQUIPMENT

- Overview of Property, Plants & Equipment

- Depreciation of non-current assets

- Methods of Calculating Depreciation

* Straight Line Method

* Reducing Balance Method

* Sum of Digits Method

* Unit of Production Method

- Concept of Componetisation

- Accounting Entries for Revaluation & Disposal of Assets

3. CONTROL ACCOUNTS

- Meaning of Control Account

- Types of Control Accounts

- Purpose of Control Account

- Preparation of Control Account

4. INCOMPLETE RECORDS AND SINGLE ENTRY BOOK-KEEPING

- Meaning of Single Entries & Incomplete Records

- Use of Control Accounts in relation to incomplete records

- Preparation of Final Accounts from Incomplete Records

5. ACCOUNTS OF NON- PROFIT MAKING ORGANISATIONS

- Types of non Profit Making Organization

- Receipts and payment Account

- Income and Expenditure Account

- Statement of Financial Position

6. PROVISION AND RESERVES

- Meaning and difference between provisions and reserves

- Creating, Increasing and Decreasing Provisions

- Treatment of Provisions in Profit and Loss Account

- Presentation of Provisions in the Balance Sheet

- Types of Reserves

- Presentation of Reserves in the Balance Sheet

RECOMMENDED TEXTS

1. Anao, A. R. An Introduction to Financial Accounting. Lagos: Longman.

2. Asaolu, T.O. & Ayodele, A.O. Modern Book Keeping and Accounts. Ibadan: Gbabeks Publishers

Limited.

3. Inanpa, E. L. Principles of Accounting, Heinemann

4. Spice and Pegler’s Book-Keeping and Accounts

5. Walgenabach P.N., Financial Accounting: An Introduction, Harcourt Brace Jovanovich.

6. Welsch, G.A. and Short, D.G. Fundamentals of Financial Accounting, Richard D. Irwin.

7. Wood, F.I, Business Accounting 1 (IFRS Edition), Pitman.

COURSE CODE: BUS 212

COURSE TITLE: Business Communication

COURSE UNIT: 2C

1: Introduction

i) The nature and scope communication.

ii) An overview of the types of communication

iii) The communication process.

2 Interpersonal Communication

i. The importance of interpersonal relations and communication.

ii. Listening

iii. Communication breakdown.

3: Organizational Communication

i. Role of communication in the organisation

ii. Formal & Informal communication flows in organisations.

iii. Managing the external audience

iv. Improving organisational communications.

COURSE CODE: BUS 214

COURSE TITLE: Introduction to Business

COURSE UNIT: 3C

i. Meaning and nature of business

ii. Forms of business ownership

iii. Functional areas of business

iv. Business environment

v. International business

vi. Corporate social responsibility

vii. Small business and entrepreneurship

ECO 214 Introductory Macroeconomics II 2units Compulsory

Public Finance: Economics Functions of Government, Public debt, Fiscal policy and

Instruments. Inflation and Unemployment: Meaning and Forms, Trade off. International

Trade and Finance: Internal versus international trade, Reasons for International Trade,

Term of Trade, Balance of Trade and payments. International and regional Organizations:

IMF, ADB, ECOWAS etc. Economic Growth and Development: Meaning and Reasons for

Growth and development in a nation and their Measurements, various developmental Plans

in Nigeria.

COURSE CODE: CMP202

COURSE TITLE: Application of Computer

COURSE UNIT: 3C

Principles of good programming, structured programming concepts, structured design principles,

abstraction, modularity, stepwise refinement, structured design techniques. Laboratory exercises

in C Language or any other structured programming language

COURSE CODE: STA 202

COURSE TITLE: Statistics II

COURSE UNIT: 3C

Basic Concept. Probability Models and Distributions. Random Variables. Distribution of Random

Variable. Expectation and Moment Generating function. Chebyshev Inequality. Central Limit

Theorem. Joint Density function

COURSE CODE: GNS 202

COURSE TITLE: Peace Studies and Citizenship Education

COURSE UNIT: 2C

Basic Concepts in peace studies and conflict resolution, Peace as vehicle of unity and

development, Conflict issues, Types of conflict, e.g. Ethnic/religious/political/economic

conflicts, Root causes of conflicts and violence in Africa, Indigene/settler phenomenon, Peace –

building, Management of conflict and security. Elements of peace studies and conflict resolution,

Developing a culture of peace, Peace mediation and peace-keeping, Alternative Dispute

Resolution (ADR). Dialogue/arbitration in conflict resolution, Role of international

organizations in conflict resolution, e.g. ECOWAS, African Union, United Nations, etc. and few

topics on citizenship education

COURSE CODE: GNS 204

COURSE TITLE: Introduction to Entrepreneurship Skills

COURSE UNIT: 2C

Some of the Ventures to be focused upon include the following: Farming, (crop production- food,

fruits and tree crops, Horticulture and land scape) Animal Husbandry (Poultry, Piggery, Sheep

and Goat etc.) Fish Farming and Aquaculture techniques, Tie and Dye production Soap/ Detergent

production, Photography, Bakery techniques, Interior Decoration/Hat and Bead making,

Tailoring and Dry cleaning, Printing and Water Treatment.

COURSE TITLE: COMPARATIVE BANKING

COURSE CODE: BFN 307

COURSE UNIT: 3C

1. Political Economy and Banking System (Socialist, Capitalist and Mixed Economies)

2. Inter-temporal comparison of banking in Nigeria

3. The structure, evolution, functions and regulatory framework of banks in different

categories of countries (e.g. Nigeria, Britain, United States of America, Japan,

Germany, etc)

4. Comparative analysis of money and capital market development in different

countries

5. International monetary relations: ADB, IBRD and IMF

6. Unit banking; Branch banking; Universal banking; Chain banking and Islamic

banking

7. Current issues in banking – Fintech, Micro-Finance Institutions, etc

COURSE TITLE: MORTGAGE FINANCE

COURSE CODE: BFN 309

COURSE UNIT: 3C

Concept of housing finance, housing policies. The law of property and nature and

sources of finance for housing. Operations of the National Housing Fund. Mortgage

Institutions and their services. Market characteristics, competition, customers and

market potentials of the primary mortgage institutions, savings and investment

services; mortgage lending services, the housing finance market.

This course compares the structure of banks in some developing countries like

Ghana, Nigeria with those in the developed countries such as Britain, Germany, USA,

Japan etc. The pace of Central Banks of regulating, controlling other banks within the

banking system are also considered.

COURSE TITLE: FINANCIAL SYSTEMS

COURSE CODE: BFN 311

COURSE UNIT: 3C

This course introduces students to the financial system in Nigeria and other parts of the

world. This course exposes the student to the components of the financial system, the role

and duties of the regulators in the financial system and the reason for the need of financial

system. This course will also help the student to know the objectives and function of the

international financial system regulators. The student will also be expose to the role of

financial intermediaries in the economy.

1. Financial System

• Why do we have Financial System

• Components of Financial System

 Commercial Banking

 Merchant Banking

 Development Banking

 Bank of Industry

 Federal Mortgage Bank of Nigeria

 Bank of Agriculture

 Nigerian Export and Import Bank

 Nigerian Bank for Commerce and Industry

• Government and the regulatory bodies in the Financial System

2. Banking system and Regulation

• Federal Ministry of Finance

• Central Bank of Nigeria

• Nigeria Deposit Insurance and Commission (NDIC)

3. Financial Market

• Role

• Functions

• Structure

• Instruments

• Financial Intermediaries and Savings-Investment process

4. Financial Development and Real Development

5. International Financial System

6. International Financial Market

7. Evolution and Structure of International Banking

• The World Bank Group

• International Monetary Fund (IMF)

• Multilateral Investment Guarantee Agency (MIGA)

• Paris and London Club of Creditor

8. Instruments of International Banking Services

• Eurocurrency

• Special Drawing Right (SDR)

9. Regional Development Banks and Instruments of Transactions, WAMA, WAMI

10. Basic Concept of Banking

• Principle of Good Lending

• Typical Balance Sheet Items of Deposit Money Banks

• Concept of Liquidity and Profitability

11. The Clearing System

• Rules Governing Operations

• Roles of CBN

• NIBSS

• RTGS

12. The special roles of banks in financial intermediation, problem and prospects of the

development of sound banking habit

COURSE TITLE: BANKING METHODS AND PROCESSES

COURSE CODE: BFN 313

COURSE UNIT: 3C

1. Origin and advancement in banking

2. Banking/Customer relationship

3. Accounts of banks

4. Negotiable Instruments

5. Banking systems and market in Nigeria

6. Banking balance sheet

7. Credit Management

8. Banking Regulation

9. Marketing of bank services

10. International Business Finance

11. Electronics Banking

12. Modes and methods of payments

Recommended textbook:

Agbada A.O., (2017) Banking Methods and Processes.

COURSE TITLE: PRACTICE OF BANKING

COURSE CODE: BFN 325

COURSE UNIT: 3E

Broad objective: To enable candidates have a full understanding of banking principles,

procedures and practices, with particular reference to Nigeria, by further developing the

candidates' understanding of other emerging banking practice issues.

The course is linked to the following:

• General Principles of Law

• Banking Law, Ethics and Corporate Governance I & II

• Management of Financial Institutions

Course Outlines

1. Banker and Customer Relationships

• General and special relationships between banker and customer

•Customer's rights and duties.

•Banker's rights and duties.

•Protections given to bankers under the Bills of Exchange Act, Cap. 35 of Laws of the

Federation of Nigeria, 1990 and Cheques Act 1990.

• Special relationships and duties arising out of banker’s opinions, indemnities, power of

attorney, mandate, standing order and direct debits and safe custody.

2. Determination of the Banker and Customer Relationship

• Actions to be taken on the death, mental disorder and bankruptcy of customers,

dissolution of partnership, winding up of corporate customers, or upon receipt of a

garnishee order or court summons/orders.

•Termination of banker's authority to pay customer's cheques.

3. Types of Account Holders

•Opening and conduct of accounts for all customers: - Personal customers, including

minors, jointaccount customers.

•Government - Federal, State, Local.

•Incorporated Organisations – Stockbroking (clearing/settlement), partnership, current

accounts, sole proprietors, etc.

• Others - Executors, administrators, trustees (solicitors, estate agents), incorporated

trustees, societies, clubs, religious bodies, NGOs, etc. - Reasons and the procedures for

closing accounts

4. Banking Transactions and Payment Systems

• Payments and collection of cheques and other instruments

• The banker’s clearing systems

• Nigerian Interbank Settlement System (NIBSS)

• Electronic payment systems

5. Negotiable Instruments

• Definition, types and distinguishing features

•Cheques

• Promissory Notes

• Protection for the paying and collecting banker

SECTION B

6. Securities for Bank Lending

• Secured Credit Transactions: Concepts and Law

• Types of Securities

Real Assets Securities - Land and Buildings - Debentures and charges - Ships and vessels -

Chattels, e.g. vehicles, trinkets

Financial Securities - Stocks and shares - Cash and deposits - Life policies

Other Types of Securities - Negative pledge - Letters of comfort - Goods and produce -

Book debts - Guarantees, bonds, indemnities - Warehouse receipts - Interest in wills and

trusts - Agricultural charges - Hypothetication and trust receipts - Advance payment bond -

Performance bond - Customs and Excise bond - Bill of lading indemnity

Special Type of Secured Credit - The Agricultural Credit Guarantee Scheme

7. Perfection of Securities

• Appropriate methods of valuation and the procedure for taking securities by first or

subsequent charge

8. Securitization

• The securitization Process

• Allure and Securitization

• Motives for Securitization

• What is the impact of Securitization on the capital market?

• Asset-backed security

• What are the types of assets that qualify to back securities?

• Why do investors invest in asset based securities?

• Special purpose vehicle

•Collateralized debt obligation

RECOMMENDED TEXTBOOKS

• Ajayi, O.A. (2007). Banking: Law and Ethics, Ibadan: Bash-Moses Printing Co.

• Asuzu, C.C.N. (1996). Practice of Banking I/Banking Operations for Tertiary

Institutions, Awka: J. F. Publishers.

• Mather, L.C. (1992). Banker/Customer Relationship and the Accounts of Personal

Customers, London: WaterLoo Limited.

• Talabi, S.A. and Onanuga, A. T (1998). Lending Principles and Practice, Ago-Iwoye:

CESAP, Ogun State University.

• C.I.B.N (various years). Examiners’ Report, Lagos: CIBN Press Ltd.

COURSE TITLE: BANKING LAW AND REGULATIONS

COURSE CODE: BFN 327

COURSE UNIT: 3C

This course introduces students to the banking law and ethics in general and Nigeria in

particular. The course statutory and regulatory requirements for the establishment of

banking business in Nigeria. This course focuses on what are statutes, regulations and law

in the legal environment. It exposes the students to the need for regulations in any business

environment, commercial law of agency, general principles of partnership, its nature,

features, types, and membership; the registration of business name, the relationship

between partners and outsiders, partnership property, liabilities, and dissolution, among

others. This course will also help the student to know what a company is and the various

types.

1. Bankers Customers Relationship

• Definition of a bank

• Definition of a customer

• Bank duty to customer

• Customers duty to bank

2. Bankruptcy

• Meaning, Act of bankruptcy, application, procedure leading to adjudication

• Roles of trustee in bankruptcy

• Consequences of adjudication, disqualification of bankrupt and general legal

consequences of adjudication

3. Agency

• Explain what is meant by agency;

• Identify types of agency;

• Describe the rights of the principal and that of the agent;

• Discuss the modes of termination of agency

•

4. Partnership

• What a partnership

• Types of partnership

• The essential elements Partnership

• How a partnership may come to an end

• Relationship amongst partners and between third parties

5. Company Law

• Define company

• Classify companies

• Describe the process of incorporation

• Discuss the effects of incorporation

• Discuss liquidation

Recommended Text

Adegboyega, R.R. (2016). Law relating to banking, Johnadex Resources Enterprises.

Ikotun, T. (2005). Law and ethics of banking, Osogbo, Taikot Publications

Afolabi, L. (1990). Law and practice of banking, Top Golden Nigeria Ltd.

ABWA (2009). Business Law. (Part 1). 2 ed., Accounting Technicians Scheme West Africa

(ATSWA) Study Pack, Lagos, ABWA Publishers

Adekanye, F. (2010) Elements of Banking, FazBurn Publishers, Offa.

COURSE CODE: BUS 313

COURSE TITLE: Entrepreneurship Studies

COURSE UNIT: 3C

Introduction to Entrepreneurship Studies Introduction to Entrepreneurship and new Venture

Creation, Entrepreneurship in theory and practice, the Opportunity, Forms of business, staffing,

marketing and the new venture, the opportunity, forms of business, staffing, marketing and the

new venture, determining your capital requirements, raising capital cost, financial planning and

management, starting a new business, innovation, legal responsibility, insurance, and

environmental consideration.

COURSE CODE: ECO 317

COURSE TITLE: Introduction to Econometrics with Applications

COURSE UNIT: 3E

Introduction to Econometrics; Extensions of the two – variable linear model: Simple Linear

Regression Analysis; Multiple Linear Regression Models; violations of linear model assumptions

and the correction of serial correlation (autocorrelation) of the errors, inter-correlation

(Multicollinearity) of the variables; Regression Analysis under Linear Restrictions and

Preliminary Test Estimation; Multicollinearity; Autocorrelation; Heteroskedasticity; and

Practical - Data Analysis and Interpretations: solution of problems and familiarity with the

computer to be nurtured and encouraged.

COURSE TITLE: MONETARY THEORY AND POLICY

COURSE CODE: BFN 314

COURSE UNIT: 3C

1. Introduction: Money and Real-sector.

• Value of Money

2. Theories of Demand for Money

• Classical theory (Transaction Approach)

• Similarities and dissimilarities between the Transaction Approach and the

Cash Balance Approach.

• Superiority of the Cash Balance Approach over Transaction Approach

• Keynesian theory of Demand for Money.

• Monetarist Theory of Demand for Money

• Issue of Demand for Money- TATOO debate

3. Theory of Money Supply.

• Traditional Field

• Modern Field

• Money supply and Multiplier

• Monetary Transmission Mechanism

• IS-LM Equations

4. Theory of Interest Rate

• Classical theory

• Keynesian theory

• General equilibrium theory of interest rate

• Determinants of interest rate in developing countries

5. Theory of Inflation

• Demand Pull

• Cost Push

• Monetarist theory of inflation

• Structuralist theory of inflation

Relevant text

Gali Jordi : Monetary Policy , Inflation and Business Cycle: An introduction bill new

Keynesian framework Princeton & university process 2008

Jhingan M.L (2011) Monetary Economics Vrinda Publications ltd. India 7

edition

Walsh Carl E: Monetary Theory & Policy (2010) A comprehension treatment of core ideas

in monetary economics by a leader in the field. 3

Edition

Somoye R.O.C ( 2004) “ Optimizing the Divergence between Monetary and Fiscal Policy”.

LASU Journal of Economics January 1(1), 106-117

Somoye R.O.C (2004) “The Feasibility of Monetary Integration in West Africa. ”. LASU

Journal of Economics January 1(1), 118-133

Somoye, R.O.C (2006) “ Bank Consolidation in Nigeria: The Macroeconomic Expectations”

Babcock Journal Of management and Social Sciences 1 (5) pp. 13-31

COURSE TITLE: FINANCIAL MANAGEMENT

COURSE CODE: BFN 318

COURSE UNIT: 3C

This course introduces students to the techniques of managing the wealth of an

organization in order to achieve the objective of the organization. By the end of this course,

student would be well equipped on procurement, allocation and control of financial

resources of an organization.

1. The nature, scope and purpose of Financial Management

2. Sources and costs of short, medium and long-term finance

3. Sources and problems of new financing, capital budgeting

4. Management of working capital.

5. Analysis and interpretation of basic financial statements

6. Business mergers and take-overs

7. Determinants and implications of dividend policy, valuation of shares, assets and

enterprises.

8. Risks of Finance and methods of avoiding them.

9. Banking systems and industrial finance

10. Capital Structure of Nigerian firms.

Recommended Texts

Pandy I. M. ( Financial Management 9

Edition, Vikas Publishing House PVT, Ltd, New

Delhi.

Olowe, R.A. (2012). Financial Management: Concept, Analysis and Capital Investment.

Oye Akinsulire (2010). Financial Management. Camol Publishing Company Ltd. 7th Edition.

COURSE TITLE: RESEARCH METHODS

COURSE CODE: BFN 322

COURSE UNIT: 3C

Objective: To equip students with skills necessary for conducting a research and enable

student to understand the methods of seeking knowledge through scientific approach

Research methodology

Topic one: Understanding Research

• Meaning of Research

• Types of Research

• Research Process

• Approaches to conducting Research

Topic two: Literature Review

• Sources of literature

• Literature search Approaches

• Conceptual review and framework

• Theoretical Review

• Empirical Review of Literature

• Literature Review Approaches

• Annotated Bibliography, synthesis and evaluation of literature

• Gaps Identification and Types of Gaps from literature

Topic Three: Research Methods

• Sources of Data, Types of Data and Data collection methods

• Research Designs

• Population, samples and sampling techniques

• Model specification

• Apriori Expectations and theoretical linkage

• Methods of Data Analysis

• Qualitative and Quantitative data analysis methods

• Hypothesis testing

Topic Four: Summary conclusion and recommendation

Topic Five: Reference styles

• American psychological association (APA) style

• Kate turbian style

• Chicago style

• In-text citation and bibliography

Topic Six: Writing research report

Topic seven: Case studies and presentation

Power point presentation (Data presentation, analysis and interpretation)

Recommended Textbook

Asika, N (2005). Research Methodology in the Behavioral Sciences, Lagos Longman Nigeria

Plc

Cooper, D. R. and Schindler, P. S. (2001). Business Research Methods (New York: McGraw-

Hill)

Kothari,C.R and Carg, G(2014). Research Methodology Methods and Techniques (3

ed).

New Deliu New Age International Publishers

Hussey, J. and Hussey, R. (1997). Business Research: A Practical Guide for Undergraduate

and Postgraduate Students (New York: Palgrave).

Odugbemi, O.O and Oyesiku, O.K (2000). Research Methods in the Social and Management

Sciences, Ago-Iwoye, Ogun Sta

COURSE TITLE: MAMAGEMENT INFORMATION SYSTEMS

COURSE CODE: BFN 324

COURSE UNIT: 2E

1. Global e-business and Organization

- Business process and Information System

- Information Technology and Business process

- Types of business Information System

- Systems for different Management groups

- Systems for linking the Enterprises

2. Organization, Management and Information System. In a Networking Enterprise.

- Definition of Management

- Levels of Management

- Data

- Information

- Information System

- Management Information System

3. Ethical and Social issues in Information System

4. I.T Infrastructure and emerging technologies

5. Foundation of business intelligence

- Database and Information Management

- Database approach to data Management

- Business intelligence

- Data analysis

- Data Mining

- Database and business performance

6. Telecommunications, the internet and wireless technology

7. Security and information system

- System vulnerability

- Malicious software

- Hackers and computer crime.

Recommended textbook:

Laudon. K, & Laudon. J., (2014) Management Information System

Davis and Olson: Management Information Systems McGraw Hill

ICAN: Study Text on MIS

http://www.tutorialspoint.com/management_infotmation_system/basic_information_con

cepts.com

COURSE CODE: BIL 314

COURSE TITLE: Commercial Law

COURSE UNIT: 4C

1. Introduction to Law

a) Definition of Law

b) Functions of Law in society

c) Classification of Law

2. The Nigerian Legal System

a) Sources of Nigerian Law

i) Customary Law

ii) Received English Law

iii) Nigerian Legislations

iv) Judicial Precedent

v) Law Reports

vi) Textbooks

b) Hierarchy of Nigerian Courts

i) Supreme Court

ii) Court of Appeal

iii) Federal/State High Court/National Industrial Court

iv) Sharia Court of Appeal/Customary Court of Appeal

v) Magistrates Court

3. Law of Contracts

a) Definition of contract

b) Elements of a contract

i) Offer and Acceptance,

ii) Consideration,

iii) Intention to Create Legal Relations

iv) Capacity to Contract

v) Lack of vitiating element

c) Terms of a Contract

i) Express terms

ii) Implied terms

iii) Fundamental terms

iv) Conditions ad warranties

d) Vitiating elements of a contract

i) Mistake (Unilateral, Mutual and Common mistakes)

ii) Misrepresentation (Fraudulent, negligent and innocent misrepresentation

iii) Duress,

iv) Undue Influence, and

v) Unenforceable Contracts

e) Discharge of Contract

i) Discharge by performance

ii) Discharge by breach

iii) The doctrine of frustration

f) Remedies for breach

i) Damages

ii) Injunction

iii) Specific performance

iv) Rescission

4. Agency

a) Nature of Agency;

b) Creation of Agency;

i) Agent’s Authority and Power;

ii) Ratification;

iii) Agency of Wife or Mistress;

iv) Agency of Necessity;

c) Duties of the Agent

i) Performance

ii) Obedience

iii) Duty to act personally

iv) Duty of Care and Skill

v) Duty of Good faith

vi) Duty to Account

vii) Duty not deny the principal’s title

d) Rights of the Agent

i) Right to remuneration

ii) Right to indemnity

iii) Right to Lien

e) Relationship Between Principal’s and the third party

f) Relationship between the Agent and the Third Party;

g) Rights of the Third Party’s against the Agent;

h) Relationship Between Principal and Agent;

i) Termination of Relationship.

5. Law of Business Organisations (Reorganise this)

a) Company Law

i) Introduction to Company Law

ii) Types of Companies

iii) Incidence of Incorporation

iv) Memorandum and Articles of Association,

v) Organs of the Company

vi) Powers and Functions Directors

vii) Powers and Functions of the Company Secretary

viii) Powers and Functions of the Auditor

ix) Winding up of a company.

b) Partnerships

i) Nature of partnerships

ii) Types of partnerships

iii) Duties of Partners

iv) Dissolution of Partnership

v) Consequences of Dissolution;

c) Registration of Business Name

i) Nature of business name

ii) Compulsory registration of Business name

d) Incorporated Trustees

i) Nature of Incorporated Trustees

ii) Incidence of incorporation

d) Regulatory Agency (Corporate Affairs Commission

i) Establishment of CAC

b) Functions and powers of CAC

Recommended Texts

1. Adesanya, M. O., Oloyede E. O. (1990) Business Law in Nigeria 2nd Edition Lagos

UNILAG Publisher.

2. Morounfolu F (1990): Business Law Study Manual 1st Edition Lagos

InterermsKonsultancy Ltd.

3. Asomugha, E Company Laro in Nigeria under the Companies and Allied Matters Act,

1990, tome Micro Publishers Limited, Lagos.

4. Bigg, W. W. and Thompson, Ranking, Spicer and Pegler’s Mercantile Law, HFL

(Publishers) Limited, London.

5. Chorley, Lord and Giles, O.C., and Hughue, C.U Nigerian Business Laro, Sweet and

Maxwell, London.

6. Hicks, Andrew, Nigeria Law of Hire Purchase, ahmadu Bello University, Zaria.

7. Obilade, A.O., The Nigerian Legal System, Sweet and Maxwell

8. Omojola, F. General Principles of Business Law in Nigeria

9. Sapay, I. E. Nigerian Law of Contract, Sweet and Maxwell

10. Sofowora, M.O. Introduction to Nigerian Legal system and Basic Principles of Contract

Part I, Soft Associates, Lagos.

COURSE CODE: BUS 320

COURSE TITLE: Elements of Management

COURSE UNIT: 3C

1. Basic Management Concepts: Basic Management Concepts, Levels of Management, the

Skills, Roles, Social Responsibility and Functions of a Manager

2. Planning: Meaning and Concepts of Planning, Planning Process

3. Organizing Function of Management, Steps & Purpose of Organizing: Organizing Function of

Management, Organizing Process, Purpose of Organizing, Departmentation by Different

Strategies

4. Staffing: Meaning of Staffing and Staffing Process, Job Analysis, Employee Induction /

Orientation

5. Directing: Nature and scope of directing, motivation and satisfaction, concept of Leadership

Communication

6. Controlling: Meaning and Process of Controlling, Barriers to Controlling, Requirements for

Effective Control, Types of Control Systems

7. Challenges of Managing in Nigeria Work Environment: Challenges of Managing In Nigeria

Work Environment, Types of environment- External Environment and internal environment,

managing the challenge.

COURSE CODE: PUB 322

COURSE TITLE: Elements of Government

COURSE UNIT: 3C

The various ways of organizing governments into Legislature, Executive and Judiciary. The

theory of the separation of powers; forms of political administrative systems, i.e. Unitarism,

Federalism, Co-federalism. Forms of government like Presidentialism, Parliamentarianism;

instrumentalities of political interaction like political parties, pressure groups, interest groups, etc

COURSE TITLE: INTERNATIONAL FINANCE

COURSE CODE: BFN 403

COURSE UNIT: 3C

This course introduces students to the international trade and finance. This course focuses

on international trade, the risk inherent in the international environment and how to

mitigate the risk. It exposes the students to the need for regulations of international trade

and finance activities and terms and method of payments in international trade. This course

will also help the student to know the various types of risk exposure in the international

trade. The course also exposes student to the calculation and management of foreign

exchange currency risk.

(1) Overview of International Finance

- Trade, International trade and Finance

- Theories of International Trade

• Mercantilist Theory

• Absolute Advantage

• Comparative Advantage

• Modern Theories of International Trade

• The New Trade Theory

(2) Environment of International Trade

• Risk in International Trade

• Risk Mitigation

(3) Trade Financing

• Import Financing Facilities

• Export Financing Facilities

• International Trade and Financing Agencies

 Nigerian Export and Import Bank (NEXIM)

 Nigerian Export Promotion Council (NEPC)

 Nigerian Committee for Trade Procedures and Documentation (NITPRO)

(4) Trade Terms and Payment System

• Trade Terms and Documentation

• Payment Terms and Systems

(5) Foreign Exchange Management and Management of Foreign Exposure

(6) International Banking and Multilateral Financial Institutions

• Definition of International Banking

• Correspondence Banking

• International Banking Facilities

• Significance of International Banking Facilities

• International Monetary Fund

• World Bank Group

• Regional Development Agencies

• Global Financial Market

 Eurocurrency

 Eurobond Market

 Eurodollar Bond

 International Organization of Securities Commission

 Global Depository Receipt

 International Project Financing

(7) Balance of Payment Theories and Application

• Balance of Payment

• Components of Balance of Payment

• Financing Deficit and Surpluses

• Balance of Payment Disequilibrium

• Causes and Measures of Disequilibrium

• Measures to Correct Disequilibrium in BOP

(8) Nigerian Free Trade Zone

Recommended Text

CIBN Study Pack International Trade and Finance

New Approach to International Finance by UChe H. Okororie

International Trade and Finance by Tutu Odekunle

COURSE TITLE: THEORY OF CORPORATE FIANANCE

COURSE CODE: BFN 409

COURSE UNIT: 2C

More advanced treatment of the theoretical bases and/or economic rationale of the

investment, financing decision criteria; valuation objective; theories of valuation and

financial policy; investment decision under certainty and uncertainty, the capital

asset pricing model (CAPM) and option pricing; the behavior of stock market prices

and efficient market hypothesis, interactions of Investment and financing decision;

the theory of optimal capital structure and dividend policy. Capital Rationing, M & A:

Methods, problems and challenges. Special Long Term Financing Methods Leasing,

Leverage. But out, MBO, Loan Syndication, Venture Capital.

COURSE TITLE: MANAGEMENT OF FINANCIAL INSTITUTIONS

COURSE CODE: BFN 411

COURSE UNIT: 2C

1. The nature of banking and non-bank financial institutions

2. The environment of Bank Management in Nigeria

3. Balance Sheet Management

4. Managing Bank Capital

5. Banking the Investment Portfolio

6. Risk in Managing Financial Institutions

7. Frauds in Banking

8. Strategic Management

9. Human Resources Management

10. Public Relations in Banking

11. The Marketing Philosophy

12. Comparison Analysis in the Management of Financial Institutions

REFERENCES

1. Nwankwo, G. O (1991): Bank Management – Principles and Practice, Malthouse

Press

Ltd., Lagos.

2. Nwankwo, G. O (1980): The Nigerian Financial System, Macmillan Press Ltd.,

London

COURSE TITLE: PROJECT EVALUATION

COURSE CODE: BFN 413

COURSE UNIT: 3C

1. Project Concepts and Dimensions

- Introduction to Project Evaluation

- Types of Business Organization

- Objectives of the firm

- Types of Decisions in Finance

• Investment Decisions

• Finance Decisions

• Dividend Decisions

• Liquidity Decisions

- Concept of Time Value of Money

• Time Preference for money

• Simple and Compound Interest

• Future Value of Lump Sum

• Future Value of an Ordinary Annuity

• Future Value of Annuity Due

• Present Value of a Single Amount

• Present Value of an Ordinary Annuity

• Present Value of Annuity Due

• Present Value of a Perpetual Annuity

• Continuous Compounding

• Sinking Fund and Loan Amortisation

•

2. Concept of Project Management

- Project and Project Management

- Project Characteristics

- Attributes of a good Project Manager

- Project Classification

- Project Objectives

- Establishing the Project

3. Tools and Techniques of Project Management

- The Gantt Charts

- The Critical Path Analysis

- Project Evaluation Review Technique

- Cost Benefit Analysis

4. Project Cycles

- Project Identification

• Situation Analysis

• The Identification Test

• Preparation of Concept Proposal

- Project Preparation and Formulation

• Feasibility Study

• Project Document Formulation

• Establishment of Baseline and Target data

• Project Implementation Planning

- Project Review and Approval

• Inter-Divisional Review

• Project Approval Group – Decision on the approval of the project

- Project Implementation

• Project Implementation to achieve projects objectives

• Project Sustainability ascertained

• Monitoring and Reporting

• Risk Assessment and Management

- Project Evaluation

5. Project Evaluation Criteria

• Characteristics of good investment criteria

• Payback Period

• Accounting Rate of return

• Net Present Value Method

• Internal Rate of Return Method

• Profitability Index

6. Cash Flow dimension in Project Evaluation

- Meaning of Cash Flow

- Net Cash Flows

- Incremental Cash Flows

- Absolute and Relative Cash Flows

- Net Working Capital

• Analysis of Risk and Uncertainty in Project Management: An Introduction

COURSE TITLE: FISCAL POLICY ANALYSIS

COURSE CODE: BFN 415

COURSE UNIT: 2E

Elements of Business Decision Analysis. Types of Decision Situations, Decision Trees.

Operations Research Approach to Decision Analysis Systems and Systems Analysis.

Modeling in Operations Research (OR), Simulation, Cases for or Analysis. Mathematical

Programming; Transportation Model, Assignment Model, Conflict Analysis and Game

Theory. Project Management and Critical Path Analysis, Inventory Models, Replacement

Theory and Models and Queuing Theory.

COURSE TITLE: AGRIC AND SMALL BUSINESS FINANCE

COURSE CODE: BFN 417

COURSE UNIT: 2E

1. Meaning and concept of Small Business/Agribusiness

2. Financing sources for: SMEs/ Agricultural projects

3. Small business Insurance/Agribusiness Insurance

4. The role of Small-scale Business in the development of Nigeria economy

5. Role of Agriculture on economy development.

6. Small Scale Enterprises (SMEs) and Agricultural Transformation in Nigeria.

7. Small business/Agribusiness feasibility studies.

8. Valuation of Agricultural project/ventures.

9. Special interventions for Agric & SME development in Nigeria.

10. Financial institutions and SME/Agric Business Finance.

11. Informal credit market and SME/Agric Business Financing.

12. Microfinance operations and SME/Agric Business Financing.

13. Economic Appraisal of Agricultural projects.

Abgoola. A. I (2014) Agricultural Finance: A practical guide for lenders and entrepreneurs.

Published by the CIBN press limited 7, turton street, off commercial avenue yaba, Lagos.

COURSE TITLE: ANALYSIS OF BUSINESS DECISION

COURSE CODE: BFN 421

COURSE UNIT: 3C

1. The subject matter of Public Finance

2. Reasons for Government Intervention in an economy.

3. National Income Computation

4. Pricing and Allocating the Cost of Private and Public goods

5. Theory of Public Revenue.

(i)Sources of Government Revenue

(ii)Concepts in Taxation, tax base, tax rate, buoyancy of tax, incidence of taxation

(iii)Principles of Taxation, forms of taxation, tax evasion and tax avoidance

(iv)Tax efforts and tax gaps, tax agencies and tax policies, issues on tax justice

6. Theories of Public Expenditure

(i)Wagner’s theory of Increasing Public Expenditure

(ii)Wiseman-Peacock theory

(iii)New theories of public expenditure.

7. Fiscal policy in Nigeria

8. Public Budget

(i)Budgeting Process

(ii)Types of Budgets

9. Public Debt Management in the national economy

Relevant texts

1. Bhatia P H.L (1994) Public Finance 18

Edition Vikas Publishing House PVT Ltd.

Delhi India.

2. Musgrave. R & Musgrave. P (2004) Elements of Public Finance. Tata Mc Graw Hill

Education Ltd. New Delhi India.

3. Joseph E.Stiglitz (2000) Economics of the Public Sector 3

edition W.W. Norton &

Company Inc. USA

4. Singh S.K (2008) Public Finance in Theory and Practice 9

Edition S. Chand &

Company LTD New Delhi India

5. Yinusa, Aworinde & Oseni (2017) The Revenue-Expenditure Nexus In Nigeria:

Asymmetric Cointegration Approach South-Eastern Europe Journal of Economics 1

(2017) 47-61

6. William H.Oakland 1987 Theory of public goods Handbook of Public Economics,

vol. II, Elsevier Science Publishers B. V. (North-Holland )

7. Ewing, B. T., Payne, J. E., Thompson, M. A., & Al-Zoubi, O. M. (2006). Government

Expenditures and Revenues: Evidence from Asymmetric Modeling. Southern

Economic Journal, 73, 190-200.

COURSE CODE: BUS 405

COURSE TITLE: Business Policy & Strategy 1

COURSE UNIT: 3C

THE CONCEPT AND DEFINITION OF STRATEGY AND POLICY

1.1 Appreciate the key characteristics of an effective strategy

1.2 Comprehend the basic framework of strategy analysis

1.3 Recognize how strategic management has evolved over the past 60 years

1.4 Identify and describe the strategy of a business enterprise

1.5 Understand how strategy is made within organizations

1.6 Recognize the distinctive features of strategic management among non-profit organizations

Study Session 2: THE SCOPE OF BUSINESS POLICY AND STRATEGY

2.1 Explain the concept of goals, values and performance

2.2 In whose Interest? Shareholders versus Stakeholders

2.3 Discus the Meaning of Profit

2.4 Enterprise Value and Shareholder Value

Study Session 3: ANALYZING RESOURCES AND CAPABILITIES

3.1 Outline the Strategy on Resources and Capabilities

3.2 Discuss Resources and Capabilities as Sources of Profit

3.3 Identify three principal types of resource

3.4 Discuss Organizational Capabilities

Study Session 4: THE FUNDAMENTALS OF INDUSTRY ANALYSIS

4.1 Explain industry

4.2 Discuss environmental analysis

4.3 Analysing industry attractiveness

4.4 Explain the importance of industry analysis

4.5 Advantages of Industry Analysis

Study Session 5: ORGANIZATIONAL STRUCTURE AND MANAGEMENT SYSTEM

5.1 Explain the Nature of Organizational structure

5.2 Discuss Line and Staff Structure

5.3 Explain various management systems

Study Session 6: COMPETITIVE ADVANTAGE

6.1 Outline the general principles of Competitive Advantages

6.2 Explain the Sources of Competitive Advantage

6.3 External Sources of Change

6.4 Sustaining Competitive Advantage

6.5 Types of Competitive Advantage

Study Session 7: THE SOURCES AND DIMENSIONS OF COMPETITIVE

ADVANTAGE

7.1 How Competitive Advantage Emerges and Is Sustained

7.2 The Emergence of Competitive Advantage

7.3 Sustaining Competitive Advantage

Study Session 8: NATURE OF DIFFERENTIATION ADVANTAGE

8.1 Explain Differentiation Variables

8.2 Discuss Differentiation and Segmentation

8.3 Analysing Differentiation: The Supply Side

8.4 Analysing Differentiation: The Demand Side

Study Session 9: COST ADVANTAGE

9.1 Discuss the concept of cost advantage

9.2 Explain the sources of cost advantages

9.3 Explain the value chain and cost analysis

Recommended Texts

The following texts will be of enormous benefit to you in learning this course:

1. Porter, M. E. (1985). Competitive Advantage. New York: Free Press

2. Adeoti, O.O (2013). Business Policy and Strategy. Panaf Press,

3. Prahalad C. K. and Hamel, G. (1990). The Core Competence of the Corporation. Harvard

Business Review: 79–91.

4. Hamel, G. and Prahalad, C. K. ( 2007). “Nurturing Creativity: Putting Passions to Work,” Shell

World Royal Dutch Shell, September 14: 1–12.

5. Hamel G., (2006). “The Why, What, and How of Management Innovation,” Harvard Business

Review.

COURSE TITLE: CAPITAL MARKET AND PORTFOLIO THEORY

COURSE CODE: BFN 404

COURSE UNIT: 3C

This course introduces students to the Nigerian capital market and the international

financial market in general. This course will also expose the students to investment as well

as how to diversify risk inherent in investment.

1 What is Investment? Consumption and Investments Trade-off

Setting Investment Objectives (Important factors to consider)

Different forms of investment outlets (Financial Assets & Real assets) including their

breakdowns, securities analysis and portfolio diversification

2 Security Analysis – Risk and Returns Estimation of returns, mean returns (Arithmetic

geometric, expected) risks portfolio, risk-return trade-off.

3. Portfolio theory, mean-varience analysis, minimum varience, setting optimum portfolio,

efficient frontier, Capital Market Line, Capital Allocation Line, Security Characteristic Line

4. Asset Pricing Models, CAPM, Single Index Model, APT etc

5. Managing Bond Portfolio - Relationship between bond features, Price and yield

Computation of bond duration; (Macaulay and Modified); factor influencing bond

duration Active Bond Management – Sources of potential profit, (various bond swaps).

Horizontal analysis (interest rate forecast) contingent immunization, interest rate swaps.

6. Securities Selection - Marco Economic Analysis – (Covering analysis of monetary and

fiscal policy on key macroeconomic factors e.g. GDP, inflation rates interest rates etc)

Industry Predicting Analysis – Industries sensitivities to key macroeconomic

indicator/business cycles, choosing industries to invest in.

Securities Selection – choosing stocks for investments and return, risks, portfolio

diversification strategies and evaluation of performance.

7. Investment Management

Investment Management & Investment objectives

Setting investment policies

Top-bottom policy for formulation for institutional investors.

Portfolio, asset allocation, securities selection) and roles of managers

Active Vs passive policies etc

Monitoring and Revising/Evaluating Investment portfolio Mutual funds and other

Investment Companies

Investment Companies (meaning and roles)

Unit Investment Trusts Managed Investment Companies

Open-end and closed-end-funds; Real Estate Investment Trust (REITs) Hedged Funds etc.

Investment and Securities Act 2007

Recommended Texts

Bodie Z. A. Kane, A. J. Marcus, and P. Mohanty (2005) Investments, Sixth Edition, Tata

McGrwa-Hill Publishing Co. Ltd.

Hart G. A. and B. B. Block (1999) Fundamental of investment Management 6

Ed. The

McGrwa-Hill Companies, USA.

Mayo Heret B. (2003) Investments - An Introduction, 7

Ed. South -Western, USA.

Pandy I. M. (2) Financial Management 9

Edition, Vikas Publishing House PVT, Ltd, New

Delhi.

COURSE TITLE: BANK LENDING AND LOAN ADMINISTRATION

COURSE CODE: BFN 406

COURSE UNIT: 3C

1. Basic considerations in Lending:

- The environment (global, political, economic, social, regulatory, institutional

and technological) and its impact on lending business in Nigeria.

- Lending policies and objectives

- Internal and external constraints to lending

- Lending concepts, principles and practices

- Credit culture and credit standards

- Marketing of bank credit

1. Credit Analysis

- Credit investigation process:

Assessing financial needs

Borrowing for the right term and purpose

Assessing the financial situation

- Sources of finance

a. Bank finance: Role of banks

• Overdraft, Short-term finance, medium-term finance, long-term

finance

• Bridging loans

• Building/mortgage loans

• Advance against produce

• Advance against trust receipt

• Bill discounting

• Direct credit facility and

• Contigent facility

b. Trade credit

c. Factoring

d. Hire purchase

e. Equipment leasing

f. Debentures and unsecured loan stocks

g. Going public

3. Risk assessment and financial statement analysis

- General considerations and the risk factors in lending

- Sources of credit information

- Financial statements and cash budgets

- Credit analysis and use of financial statements

- Application and use of accounting ratios

- Estimating working capital requirements, using cash budgets

- The use of non-quantitative data, such as chairman’s statement, directors’ and

auditor’s reports as well as notes to the accounts to aid lending decision

- Importance of macroeconomic factors in lending

- Single Obligor Limits (SOL)

- Concentration limits

4. Credit Risk Management

- Basic principles, policies and processes (identification, measurement and

control)

- Preconditions for effective credit risk management

- CBN credit risk management framework

- Credit Bureaux (CRMS and Credit Registries) and the Bank Verification Number

(BVN)

- Rating Agencies (e.g. Agusto & Co, Fitch, Standard & Poor’s)

- Internal risk rating methodology – Status Enquiry

- Credit Scoring/Rating

- Credit Risk in Basel II Accord

- Special Lending Risk

• Lending to Public Sector Institutions

• Lending to Small- and Medium-Scale Entrepreneurs

• Personal Loans; lending to Sole Proprietors; lending to Partnerships;

• Lending to limited liability companies

• Agricultural finance

• Produce financing/licensed buying agents

5. Securities for bank advances

- Purpose of securities for bank advances

- Types of securities acceptable to bank advances:

Land; Debentures; Guarantees; Stocks and shares; Insurance policies;

Domiciliation of payment; Charge over credit balance; Agricultural Credit

Guarantee Scheme

6. Credit control and administration

- The need for credit control and administration

- Loan monitoring and supervision

- Mechanics for loan supervision

- Control through loan disbursement and other drawdown conditions

- Security considerations in disbursement

7. Identification and management of bad debts

- General consideration on bad debts

- How bad debts arise

- Procedure on an account becoming doubtful

- Danger signals on bad and doubtful debts

- Classification of bad and doubtful debts

- Bad debts recovery

8. Credit Frauds

- Major sources/types of frauds in lending and their mitigants

- Impact of credit frauds on banks e.g. capital; reputation (domestic and

international); stakeholder’s perception

- Credit fraud prevention – strategies and tactics

COURSE TITLE: MARKETING OF FINANCIAL SERVICES

COURSE CODE: BFN 412

COURSE UNIT: 3C

1. THE NATURE AND SCOPE OF MARKETING

• The Nature and Scope of Marketing

• The Meaning and nature of marketing

• The scope and functions of Marketing

• The marketing mix elements

• The marketing environment

2. SERVICE AND CUSTOMER ORIENTATION CONTENTS

• The Meaning of Customer Orientation

• Requirements for Service Customer Orientation

• Other Orientations adopted by Firms

• Steps towards Service Customer Orientation

• How Customer oriented is your Firm

• How to Measure the Success of a Customer-centric Firm

• Benefits of Customer Orientation

3. SEGMENTATION, TARGETING AND PORTIONING (STP)

• Market Segmentation

• Market Targeting

• Market Positioning

4. MARKETING RESEARCH FOR FINANCIAL SERVICE INDUSTRY CONTENTS

• Overview of Marketing Research

• Marketing Research and Marketing Decision making

• Marketing Research and the Marketing Information System

• Meaning of Marketing Research

• The Role and Importance Of Marketing Research

• Scope and Major Areas of Marketing Research

• Other Areas of Marketing Research

• Sub Areas and Types of Marketing Research

5. MARKETING CHANNELS AND THE EFFECT OF TECHNOLOGY CONTENTS

• Marketing Channels and the Effects of Technology

• Overview of Marketing Channel

• Classification of Marketing Channel

• Types of Marketing Channel

• Technology and Marketing Channel

6. GLOBALIZATION AND EXTERNAL ENVIRONMENT AND ITS IMPACT ON THE

FINANCIAL SERVICE SECTOR IN NIGERIA CONTENTS

• Overview of Globalization and External Environment

• The Global Customer and Financial Service Response

• Meaning of Marketing Environment

• Environmental Factors in the Financial Service Industry

7. REVIEW OF MARKETING SERVICES WITH OVERVIEW OF FINANCIAL SERVICE

• Meaning and Characteristics of Services

• Challenges of Services Marketing

• Services Marketing Strategies

• Types of Services

Overview of Financial Service

• Concept of Financial Service

• Peculiarities of Financial Service

• Financial Service Products/ providers

8. FINANCIAL SERVICE DEVELOPMENT AND MANAGEMENT

• Financial service Development and Management

• Meaning of Financial Service Development

• Financial Service Development Process

• Meaning of Financial Service Management

• Drivers of Financial Service Development

• Benefits of Financial Service Development

9. COMPETITIVE MARKETING STRATEGIES FOR THE FINANCIAL SERVICE

INDUSTRY

• Competitive Marketing Strategies

• Concept of Marketing Strategy

• Types of Marketing Strategies

9. PRICING, PROFITABILITY AND DECISION MAKING CONTENTS

• Meaning of Pricing

• Importance of Price

• Determinants of Price

• Pricing Objectives

• Pricing Methods

• Profitability Defined

• Types of Profits

• Decision-Making

RECOMMENDED TEXTBOOKS

Agbonifoh, B.A, Ogwo, E.O., Nnolim, D.A. and Nkamnebe, A.D. (2007), Marketing in

Nigeria: Concepts, Principles & Decisions. Aba Afritowers Limited.

Anyanwu, Aham (2013), Marketing Management and Strategy, Owerri: Avan Global

Publications.

Christopher Lovelock (2008). • Essentials of Services Marketing - 1st Edition. Pearson

Education.

Jaipur National University (2013), Marketing of Financial Services. Jaipur National

University, Jaipur.

Harvard Business Press (2005), Market Customization: Segmentation, Targeting, and

Positioning. Harvard Business School.

Okpara, Gazie (2012), Contemporary Marketing, Topical and Tropicalised, Owerri: Avan

Global Publications.

COURSE TITLE: MULTINATIONAL BUSINESS FINANCE

COURSE CODE: BFN 414

COURSE UNIT: 2E

1. Overview of multinational companies

- Meaning of MNE

- Factors that paved ways for advancement of MNEs

2. Multinational companies’ environment

3. Economic theories of MNCs Foreign direct investment, trade theories etc.

4. Multinational Companies Entry Strategies

5. Capital Budgeting for Multinational companies, including Foreign exchange risk

component, taxation and risk

6. Multinational companies cost of capital

7. Working capital management for multinational firms, Internal and External Finance

strategies

8. Foreign Exchange Market and Hedging strategies for MNCs

9. International portfolio investments and Multinational Enterprises

Recommended textbook:

Kehinde O and Ilo B (2010): Understanding key concepts in International Business and Finance. Publshed

by Olabisi Onabanjo University Press P.M.B. 2002, Ago-Iwoye Ogun-State, Nigeria.

COURSE TITLE: PENSION FUND AND TRUST ADMINISTRATION

COURSE CODE: BFN 416

COURSE UNIT: 2E

OBJECTIVE: The course will introduce the students to Brief history of pension, pension

reform Act 2004 as amended in 2014, their objectives and brief elementary introduction to

pension mathematics and trust administration will introduce the students to the Definition

of trust and its administration, nature and uses of trust. You will also traverse to the

Appointment, Retirement and Removal of trustees and Revocation on Trust. At the end of

the lesson, the students should be able to:

1. Define Trust and explain its Administration

2. Modern uses of Trust

3. Parties to a trust-Fully secrete Trust, Classification of Trust; Doctrine of secrete Trust

4. Appointment, Retirement and Removal of trustees and Revocation on Trust

5. Certificates of Trust: Executed and Executory Trust, Completely and Incompletely

Executed Trust

6. Bank Accounts of Trustees; Roles of Trustees on the Trust Account

7. Definition pension

- The reasons for pension payment

- Brief history of pension

- Pension reform Act of 2004

- Pension Reform Act of 2014

8. Basic consideration in setting up a pension scheme.

- Pension Revolution or the Great Change

- Philosophy and Objectives of The Pension Reform

- Key Element of The New Scheme

9. The National Pension Commission

- Pension Fund Administrators and Custodians

- The primary functions of the PFAs

- Pension Fund Custodians

- The primary functions of the PFCs

- PFAs and PFCs Operating Without Licensing

- Investment Criteria of Pension Funds

10. Brief elementary introduction to Pension

MathematicsRecommended textbook:

McGill. D, Brown. K, Haley. J, & Schieber. S., (2005): Fundamentals of Private Pensions.

Second edition, Oxford University press Inc. New York.

Chiejina. E., (2005): Before the Pension Reform Act 2004. The Nigeria Insurer.

Adekoyejo D.A (2006) Pension Law in Nigeria

COURSE TITLE: INVESTMENT BANKING

COURSE CODE: BFN 418

COURSE UNIT: 3C

1. Financial Markets, and the Economy

2. Theory of Investment, Introductory treatment of consumption investment trade-off

3. Real assets and Financial assets

4. Meaning of financial markets, role of financial market

- Composition of financial markets (Money and Capital market) Detailed

treatment of Instruments traded in each market and their features. Participants

and their roles in each market.

Regulatory institutions in each market e.g. CBN, SEC, NSE, PENCOM, NAICOM

etc.

5. The stock market: Functions, meaning of market price, market value and market

participants; information available to investors, economy, industry and company

information. Understanding company financial information: Ratio analysis based

on balance sheet information: short-term ratios, performance ratios and financing

ratios. Various “markets” ratios derived from price dividend and earning-earnings

yields, dividend yield and price seaming ratio.

Market and market structures – e.g. direct search market brokered market, dealer

markets, auction markets globalization securitization, financial engineering.

6. Financial Instruments: Money Market Instrument – Treasury bills, certificate of

deposit, commercial papers, banker’s acceptance, Eurodollars, repos and reverses,

brokers’ calls, yield on money market instruments. Bond Market – Meaning and

types, straight bonds zero coup on bonds, floating rate debentures, treasury notes,

treasury certificates, etc, international bonds, municipal bonds etc Corporate

bonds, mortgages and mortgage-backed securities. Common Stocks – Common

stocks and ownership of shares, stock listing processes. Preference Stocks.

7. Issuing of Securities: Reasons, Types of markets (Primary and Secondary) including

their differences; Type of primary market issues – initial public offers seasoned

equity offers etc.

Marketing of the Offers – private placement, share Registration, public offers, Right

Issues etc. Where Securities are traded – stock exchange trading over-the counter

market, the third and forth markets. Type of Orders – Market orders, Limit orders

8. Local of Foreign/International Stock Market Indexes, NSE Index, Dow Jones

Industrial Average (DJIA) S & P 500 etc. Construction of market Index etc.

- Market capitalization, and its construction etc.

- Derivatives Market

- Meaning; instruments traded

- Options, (call and put)

- Futures contracts.

COURSE TITLE: RESEARCH PROJECT/ORIGINAL ESSAY

COURSE CODE: BFN 499

COURSE UNIT: 6C

Developing Students’ skill in Analyzing and Writing Reports Based on and Empirical or

Library Study of Specific Subject Matter or Topic in Relevant Area of Banking, Accounting,

Economics and Administration. Student should present a Research-based Report of not

less than 2,000 words at the end of the session.

COURSE CODE: BUS 406

COURSE TITLE: Business Policy & Strategy 2

COURSE UNIT: 3C

Historical Development of Business Policy and Strategy

1.1 Review of Business Policy and Strategy I

1.2 The Basic Frameworks for Strategy Analysis

1.3 The Concept of Strategic Fit

1.4 Evolution of Strategic Management

1.5 Importance of Strategy

1.6 Communicating Strategy

1.7 Corporate Strategy and Business Strategy

1.8 DesignVs. Emergence

1.9 Strategy Analysis

1.10 Strategic Management and Non- Profit Organizations

Study Session 2: Industry Evolution and Strategic Change

2.1 Industry Evolution and Strategic Change

2.2 Industry Life Cycle

2.3 Organizational Demographics and Industry Structure

2.4 Location and International Trades

2.5 The Nature and Intensity of Competition

2.6 Key Success Factors and Industry Evolution

Study Session 3: Technology-Based Industries and the Management of Innovation

3.1 Technology-Based Industries and the Management of Innovation

3.2 Competitive Advantage in Technology-Intensive Industries

3.3 Regime of Appropriability

3.4 Managing Risks

3.5 Competing for Standards

3.6 Winning Standards Wars

3.7 Implementing Technology Strategies: Creating the Conditions for Innovation

3.8 Managing Creativity

Study Session 4:Implementing Corporate Strategy: Managing the Multi-Business Firm

4.1 Implementing Corporate Strategy: Managing the Multi-Business Fit

4.2 The Theory of the M-form

4.3 The Challenge of Corporate Governance

4.4 The Role of Corporate Management

4.5 General Electric and the Development of Strategic Planning

4.6 Portfolio Planning: The GE/McKinsey Matrix

4.7 Managing Individual Businesses

4.8 The Strategic Planning System

4.9 The Balanced Scorecard

4.10 Performance Control and the Budgeting Process

4.11 Balancing Strategic Planning and Financial Control

4.12 Managing Linkages Between Businesses

4.13 Business Linkages and Porter’s Corporate Strategy

4.14 The Corporate Role in Managing Linkages

4.15 Managing Change in the Multi-Business Corporation

4.16 Value Creation through Corporate Restructuring

4.17 Beyond Restructuring: Value Creation from Business Linkages and Innovation

4.18 External Strategy: Mergers and Acquisitions

Study Session 5: Vertical Integration and the Scope of Firm

5.1 Competitive Advantage in Mature Industries

5.2 Determinants of Differences in the Performance of Companies within the Same Industry

5.3 The Quest for Differentiation

5.4 Conventional Model for Strategy Implementation in Mature Industries

5.5 Mature industry

5.6 Stages of the Life Cycle

5.7 Cost Advantage

5.8 The Importance of Competitive Advantage

Study Session 6: Global Strategies and the Multinational Corporation

6.1 Strategies and Multinational Corporation

6.2 Internationalization

6.3 The impact of internationalization on competition and industry profitability

6.4 Strategies for Entering into International Market

6.5 International Alliances and Joint Ventures

6.6 Characteristics of Global Strategy and Multinational Corporation

6.7 Importance of Global Strategy and Multinational Corporation

Study Session 7: General Principles of Business Policy and Strategy II

7.1 Managing Linkage across Business

7.2 Managing Portfolios of Business

7.3 Managing the Individual Business

7.4 Managing Change in the Multi –Business Corporation

7.5 Governance of Multi-Business Corporation

7.6 Strategic Management of Not-for-Profit Organizations

Study Session 8: Current Trends in Strategy Management

8.1 Current Trends in Strategy Management

Study Session 9: The Nigeria Business Policy and Strategy Market

9.1 Nigerian Business Policy and Strategy Market

9.2 The Need for Good Corporate Governance in the Business Policy and Strategy Industry

9.3 History of Business Policy and Strategy Legislation in Nigeria

Recommended Texts

The following texts will be of enormous benefit to you in this course:

M. E. Porter, Competitive Advantage (New York: Free Press, 1985): 120.

C. K. Prahalad and G. Hamel, “The Core Competence of the Corporation,” Harvard Business Review

(May–June 1990): 79–91.

G. Hamel, “Strategy as Revolution,” Harvard Business Review 96( July/August 1996): 69–82.

C. Shapiro and H. R. Varian, “The Art of Standards Wars,” California Management Review 41 (Winter

1999): 8–32.

G. Hamel and C. K. Prahalad, “Nurturing Creativity: Putting Passions to Work,” Shell World (Royal Dutch

Shell, September 14, 2007): 1–12.

G. Hamel, “The Why, What, and How of Management Innovation,” Harvard Business Review (February

2006).

R. P. Rumelt, “Toward a Strategic Theory of the Firm,” in R. Lamb (ed.), Competitive Strategic

Management (Englewood Cliffs, NJ: Prentice Hall, 1984): 556–70.