Nigerian Banking System Advanced
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- Question 1 of 50
1. Question
What does “GPT” stand for in the term “GPT-4”?
- Question 2 of 50
2. Question
What is the primary function of the Central Bank of Nigeria (CBN)?
- Question 3 of 50
3. Question
Which Nigerian bank was the first to introduce ATM in Nigeria?
- Question 4 of 50
4. Question
What does the NDIC stand for in the Nigerian banking context?
- Question 5 of 50
5. Question
What type of bank is a “Microfinance Bank” in Nigeria?
- Question 6 of 50
6. Question
When was the Banking and Other Financial Institutions Act (BOFIA) enacted in Nigeria?
- Question 7 of 50
7. Question
Who is responsible for appointing the Central Bank of Nigeria’s Governor?
- Question 8 of 50
8. Question
What does the acronym ‘NIBSS’ stand for in the Nigerian banking industry?
- Question 9 of 50
9. Question
What was the purpose of the 2005 Bank Consolidation policy?
- Question 10 of 50
10. Question
Which bank is known as the “farmer’s bank” in Nigeria?
- Question 11 of 50
11. Question
Which body is responsible for regulating mortgage institutions in Nigeria?
- Question 12 of 50
12. Question
What is the Bank Verification Number (BVN) used for in Nigeria?
- Question 13 of 50
13. Question
What is the name of the cashless policy introduced by the Central Bank of Nigeria?
- Question 14 of 50
14. Question
What is the major regulatory challenge in the Nigerian banking system?
- Question 15 of 50
15. Question
Who introduced Islamic Banking into the Nigerian financial system?
- Question 16 of 50
16. Question
When was the Central Bank of Nigeria established?
- Question 17 of 50
17. Question
What is the minimum share capital for a national bank in Nigeria as of 2021?
- Question 18 of 50
18. Question
What are Development Finance Institutions (DFIs) in Nigeria tasked with doing?
- Question 19 of 50
19. Question
In what year did Nigeria fully deregulate interest rates?
- Question 20 of 50
20. Question
How often does the Monetary Policy Committee (MPC) of the CBN meet in a year?
- Question 21 of 50
21. Question
What is the cash reserve ratio (CRR) in Nigeria as of my knowledge cutoff in September 2021?
- Question 22 of 50
22. Question
In the context of Nigerian banking, what is ‘TSA’?
- Question 23 of 50
23. Question
What year was the Nigeria Deposit Insurance Corporation (NDIC) established?
- Question 24 of 50
24. Question
Which bank was the first to be established in Nigeria?
- Question 25 of 50
25. Question
What is the current (as of 2021) maximum deposit insurance coverage by NDIC for Deposit Money Banks (DMBs)?
- Question 26 of 50
26. Question
Which of the following is a tier-1 bank in Nigeria?
- Question 27 of 50
27. Question
When was the eNaira, Nigeria’s central bank digital currency (CBDC), launched?
- Question 28 of 50
28. Question
How many commercial banks were operating in Nigeria as of 2021?
- Question 29 of 50
29. Question
What type of account is a ‘domiciliary account’ in Nigerian banking?
- Question 30 of 50
30. Question
Who is the issuer of the Nigeria Uniform Bank Account Number (NUBAN)?
- Question 31 of 50
31. Question
Which of the following is not a function of the Central Bank of Nigeria?
- Question 32 of 50
32. Question
Who succeeded Godwin Emefiele as the Governor of the Central Bank of Nigeria?
- Question 33 of 50
33. Question
What is the purpose of the Anchor Borrowers’ Program by the Central Bank of Nigeria?
- Question 34 of 50
34. Question
Which bank introduced the first digital bank, ALAT, in Nigeria?
- Question 35 of 50
35. Question
What is the main difference between commercial banks and merchant banks in Nigeria?
- Question 36 of 50
36. Question
What does COT mean in Nigerian banking?
- Question 37 of 50
37. Question
Which of the following is not a non-bank financial institution in Nigeria?
- Question 38 of 50
38. Question
When was the Asset Management Corporation of Nigeria (AMCON) established?
- Question 39 of 50
39. Question
What is the primary function of the Asset Management Corporation of Nigeria (AMCON)?
- Question 40 of 50
40. Question
What is the term for the rules that govern the practice of banking in Nigeria?
- Question 41 of 50
41. Question
What is the role of the National Economic Intelligence Committee in relation to the banking system in Nigeria?
- Question 42 of 50
42. Question
Which Nigerian bank first introduced mobile banking in Nigeria?
- Question 43 of 50
43. Question
How often is the Monetary Policy Rate (MPR) reviewed in Nigeria?
- Question 44 of 50
44. Question
What is the main aim of the Cashless Policy in Nigeria?
- Question 45 of 50
45. Question
Who regulates the Nigerian Stock Exchange?
- Question 46 of 50
46. Question
What is the acronym SMEEIS in Nigerian banking sector?
- Question 47 of 50
47. Question
In the Nigerian banking sector, what does LDR stand for?
- Question 48 of 50
48. Question
Which bank was formerly known as Nigeria International Bank?
- Question 49 of 50
49. Question
Which bank is known as the “innovative bank” in Nigeria?
- Question 50 of 50
50. Question
Who was the first female Chairman of First Bank of Nigeria?