BFN 111 – ELEMENTS OF BANKING I

Goal:

To enable the students understand the basic concepts of money and credit and the practical aspects of Banking transactions.
The students should be able to understand the evolution, structure of different types of Banking Institution and their roles in the
working of the Nigerian financial systems.

GENERAL OBJECTIVES:
On completion of this module the students should be able to:
1.0 Understand the concepts of Money.
2.0 Know the evolution and the structure of the banking Institutions.
3.0 Understand Commercial banking, lending/borrowing principles.
4.0 Understand Bank services and methods of payments through banking systems.
5.0 Understand the roles of non-bank intermediaries.