Title
Impact of Mergers and Acquisitions of Banks on the Economy: Consolidation of Nigerian Banks, its prospects and challenges,Used
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The book was written with the central focus on the impacts of bank consolidation in line the guidelines and directives of the Central Bank of Nigeria. With the minimum capital base of twenty five billion naira (N25bn)which most banks then could not afford, the most appropriate option left was for them to embark on merger and acquisition. This led to the fusing together of two or more banking entities through organisational restructuring that bred new banking outfits in Nigeria. To a large extent the book has Xrayed the processes and procedures for merger and acquisition on one hand and the resulting positive impacts on the Nigerian economy. The book is able to highlight the synergistic derivatives in pooling both financial and human capital together. In its quest to strike a balance the book equally identify the challenges emanating from in banking industry in Nigeria.
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