Effects of Globalization on Bank Operations and Management: Benefit Potentials of Globalization

This study gave insight into various ways Globalization has affected management of banks in Nigeria especially in the areas of planning, organizing, directing and controlling inputs and outputs and getting them delivered to the ultimate consumers with the objective of profit maximization for the shareholders. The constant changing event in the financial system in the country affected by changes in the global financial system has greatly limited this research study, however trend occurrence was used for consistency. This research has been able to establish that there is a positive correlation between the events in the global economy and events in Nigeria especially in the financial industry. Globalization has created better business opportunity for banks in the country to participate in and also created avenue for foreign business investor to bring their funds and other resources into the banking industry in the country. The analysis should be especially useful to professionals in the Banking industry and others in the Academic fields.