regulatory framework

This essay explores the legal and regulatory framework for the resolution of banking cases in Nigeria, including the use of the Central Bank of Nigeria's intervention powers. It provides anoverview of the Nigerian banking system and the importance of a robust legal and regulatory framework for resolving banking cases, and discusses the main Acts and regulations governing the resolution of banking cases in Nigeria. The essay examines the role of the Nigeria Deposit Insurance Corporation and the Asset Management Corporation of Nigeria in resolving distressed banks and non-performing loans. It also explores the powers of the CBN to intervene in the affairs of distressed banks and examines some of the challenges and limitations of the legal and regulatory framework. Finally, the essay offers recommendations for improving the legal and regulatory framework for resolving banking cases in Nigeria, including potential reforms to the CBN's intervention powers, the role of the NDIC and AMCON, and the need for greater transparency and accountability in the resolution process. Overall, the essay highlights the importance of an effective legal and regulatory framework for resolving banking cases and promoting financial stability in Nigeria.

Financial technology (FinTech) has revolutionized banking operations globally, reshaping the efficiency and performance of deposit money banks (DMBs) in Nigeria. This study examines the impact of financial technology on the performance of Nigerian deposit money banks, focusing on key financial indicators such as profitability, operational efficiency, customer outreach, and risk management. The research explores various FinTech innovations, including mobile banking, internet banking, automated teller machines (ATMs), blockchain technology, and artificial intelligence-driven banking solutions. The study adopts a quantitative research approach, utilizing secondary data from the financial statements of selected banks, Central Bank of Nigeria (CBN) reports, and relevant financial databases. Econometric models are employed to analyse the relationship between FinTech adoption and bank performance metrics such as return on assets (ROA), return on equity (ROE), and non-performing loan ratios (NPLs). Findings reveal that financial technology has significantly enhanced banking efficiency, reduced operational costs, and expanded financial inclusion in Nigeria. However, challenges such as cybersecurity threats, regulatory bottlenecks, and initial high implementation costs have constrained the full potential of FinTech in the sector. The study highlights the need for robust regulatory frameworks, increased robust regulatory frameworks, increased investment in cybersecurity measures, and continuous innovation to sustain the positive impact of financial technology on the banking industry. The study concludes that financial technology is a key driver of bank performance and long-term sustainability. It recommends that deposit money banks leverage advanced digital solutions, collaborate with FinTech start-ups, and strengthen risk management strategies to enhance financial performance and competitiveness in Nigeria’s dynamic banking landscape.