Banking regulation in Nigeria: Some historical evidence

Abstract

The paper provides historical evidence of banking regulation in Nigeria spanning the pre and post structural adjustment era. Regulation has a connotation of control and intervention in a market-driven, yet imperfect economy with the objective of facilitating the attainment of government‟s macroeconomic objectives. The relevant theories have been x-rayed in the paper to provide insight to the discourse. The paper argued that the banking industry is of crucial importance for economic growth and development, and therefore requires stringent regulations by the monetary authorities.