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Bullion

Keywords

Banking-Nigeria, Corporate financing.

Abstract

Capital formation whether financed from internal or external sources, requires the mobilization of economic surpluses. For investment to increase, there must be a growing surplus over and above current consumption that can be channelled into productive uses. The different ways of accumulating capital entail different institutional arrangements. The objective of this paper is to discuss the role of banks in promoting the growth of corporate financing in Nigeria. The rest of the paper is structured into three major parts. Part 1 outlines the evolution of the Nigerian banking system. Part II examines the role of banks in fostering the growth of corporate financing in Nigeria. An attempt is made to delineate the role of the Central Banks, the Commercial and Merchant Bank, in the financial system in general and in relation to the bank. Part III reviews the role of banks in the capital market which provide long-term corporate financing.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

4

Volume

16

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