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Banking and Finance


Banking and Finance Department

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1.0 BRIEF HISTORY OF THE DEPARTMENT

Banking and Finance Department is one of the Departments structured in the Faculty of Management and Social Science, Madonna University, Okija, Ananmbra State.

The Department was founded in 1999 and it runs a 4 years degree programme that leads to the award of B.Sc. Degree in Banking and Finance. This Handbook gives a detail of structure and the requirements of the department.

1.1 PHILOSOPY OF THE PROGRAMME

The general Philosophy of the Banking and Finance academic Programme is to develop the mind, impact both theoretical and practical knowledge on the individual, to develop confidence and self-reliance in the fields of Banking & Finance. To this end, the Departmental programme has an underlying philosophy of providing excellent services to the community with the end- product being able to act as a catalyst in bringing about the much needed changes in the nation’s financial industry.

The Department of Banking and Finance offers a four-year Degree programme leading to the award of Bachelor of Science, Degree. The basis for the acquisition of degree is by course work and research project.

The course work is designed to provide regular interactive sessions (contact hours) for the students and is facilitated by Lecturers drawn from various fields and which in turn exposes the students of wider scope of readership in conformity with the dynamics of global economic, social and technological needs.

The project work on the other hand is aimed at exposing the students to the field and designed to imbue them with spirit of independence, originality and inquisitiveness which together sharpen the individual personality to face challenges.

1.2 OBJECTIVES

Education in Banking and Finance is aimed at developing the necessary financial tools that will enable the individuals occupy Managerial positions in government and private sector establishments such as commercial banks, merchant banks, Finance and Investment Companies, Brokerage Firms, Commerce and Industry, Insurance Companies as well as self-employment.

The discipline further provides, through intensive teaching and in-depth research the needed high-level manpower for our institutions of higher learning. It is also expected that at the completion of a 4-year programme of studies, graduates of Banking and Finance must have acquired the necessary knowledge which will humanize them and infuse them with rational, creative and wide spectra of thinking. It will also dispose them favorably to the ever changing needs of the society.

1.3 SCOPE

The Department shelters two discipline i.e Banking and Finance. For our purpose, these two disciplines are merged as one.

BANKING

This area focuses on the study of bank and non-bank financial institutions as well as their roles in financial intermediation.

A good knowledge to these institutions within the purview of government monetary and credit policies are both compelling and inevitable challenges that must be comprehended and suited to the complex changing needs of the environment.

FINANCE

This aspect relates to the Financial Management and control of a Nation to the challenges posed by both National and International Financial Institutions. Specifically, it is concerned with the study on how firms raise and administer business funds especially if the objective is maximization or optimization of returns. It emphasizes the study of long term, medium and short term debt instruments, stock, portfolio analysis, and cost of capital, budgeting etc.

Essentially, these areas (Banking and Finance) are combined to facilitate policy formulation, analysis and implementation for sustainable economic and social integration

1.4 ADMISSION REQUUIREMENTS

 - General Requirement:

Admission is usually through UTME, organized by the Joint Admissions and Matriculation Board (JAMB). Candidates seeking for admission must satisfy both the University minimum and Departmental entry requirements.

- Departmental Requirements:

In addition to the University’s general admission requirements, candidates are required to possess the Senior Secondary School Certificate or the General Certificate of Education (GCE) Ordinary level or their equivalent, with at least credit pass in five subjects at not more than two sittings, including English Language, Mathematics, Economics/Commerce and any other two relevant subjects. In addition, the candidate must have acceptable scores in the Unified Tertiary Matriculation Examinations (UTME).

Direct entry admission can be offered to candidates with Ordinary Diploma of Madonna University, National Diploma obtained from accredited polytechnics, Colleges or Institutes with passes at the upper credit level. The candidate must also satisfy the minimum entry requirements stated above.

1.5 JOB OPPORTUNITIES

The Programme is structured among other things, to prepare and equip the graduates of the Department for top, middle, and lower managerial position in central, commercial, merchant/investment, Development Banks and also in the numerous microfinance Banks. The graduates of the department could also opt to seek employment in the non-bank financial institutions (such as) Finance Houses, Insurance Companies, National Stock Exchange, Stock Brokerage Firms and Investment outfits), Governments, Statutory Corporations, Industries, Commercial outfits, Consulting firm etc. products of the department are also well equipped to be self-reliant based on the skills and expertise acquired from the in- built entrepreneurial studies curriculum.

1.6 GRADUATION REQUIREMENTS

To earn a degree in Banking & Finance, all compulsory courses must be taken, and passed. All courses taught during each semester shall be examined at the end of that semester. Candidates will be credited with the number of course units assigned to the course, which they have passed. The total number of units taken with number of courses shall also be recorded for the purpose of computing the cumulative grade point average (CGPA). The continuous assessment has 30 percent of the marks for any course taught. Classes of degree are to be awarded depending on the CGPA obtained.

COURSE LOAD

A student shall be required to register for an approved combination of courses with a minimum of 15 units, and a maximum of 24 units per semester. No student may register for a number of units higher than the approved maximum units unless with the approval of the University Senate.

AWARD OF DEGREES

A student shall qualify for the award of B.Sc degree in Banking & Finance, when he has:

i. Complete and passed prescribed number of units including all compulsory courses specified by the university, and department,

ii. completed and met the standards for all required, and optional courses,

iii. obtained a minimum cumulative GPA (Grade Point Average) of 1.50, and

iv. Met other requirements that may be specified by the faculty, and the University

CLASSES OF DEGREE

The classes of degree to be awarded will depend on the cumulative Grade Point Average (CGPA) obtained. The following classes of degree are approved:

Classes of degree Cumulative Grade Point Average (CGPA)

First Class 4.50 - 5.00

Second Class (upper Division) 3.50 - 4.49

Second Class (Lower Division) 2.40-3.49

Third Class 1.50-2.39

Pass 1.00-1.49

Fail 0.0 – 0.99

CREDIT UNIT: This varies according to contact hours assigned to each course per week, per semester, and according to work load carried by student.

GPA (GRADE POINT AVERAGE) is calculated by multiplying the credit units and divided by total credit units.

For instance, assumes a student with registration number BKF/2010/025 obtained the following scores in a semester:

S/N Courses No of Units Score Grade GP Weighting

1 BKF 101 3 46 D 2 2*3=6

2 ACC 101 3 63 B 4 4*3=12

3 MAS 101 2 72 A 5 5*2=10

TOTAL 8 28

(a) Credit Load System

In line with NUC minimum credit graduation requirement of 120 units i.e 15 units per semester on average, the Departmental students are expected to complete at least 168 units from year one to four as provided in the course handbook. The entire units are from the general studies, core courses and electives.

1.7 METHOD OF COURSE DELIVERY AND EVALUATION

(a) Course delivery

 Course delivery is by lecture and tutorial. The course in the Department does not lend themselves to practical exposure.

(b) Course evaluation.

 The various techniques for valuation include unannounced quizzes, class exams, home work, assignments, and final semester examinations. The weights are 70% for end of semester examinations and 30% for Test & others. Final year students are required to defend their final year project at an oral examination before a panel.

(c) External examination system

The University adopts the system of external examination for the final year students. Normally, the final year (degree) question papers, marking scheme, answer scripts, projects and the over all results are moderated by University appointed competent external examiner.

1.8 CODING

The coding are in three digits.

1st digit ………………………………………………Year of study

2nd digit ………………………………………………Stress areas

3rd digit ……………………………………………….Semester courses

Odd number ………………………………………....First semester

Even number ………………………………………..Second semester

For example

(1) Principle of Finance BKF 201 – 2 implies Two hundred level course, O implies finance theory and 1 implies first semester course

(2) Elements of Banking BKF 212 – 2 implies two hundred level course, I implies Banking theory and 2 implies second semester course.

STRESS AREAS

Introduction to Banking and Finance 0

Finance 1

Banking 2

Assets and Securities 3

Monetary Theory 4

Research 9

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ADDRESS
1 Madonna University Road
P.M.B 05 Elele,

Rivers State Nigeria,

Okija, Anambra State Nigeria,

Akpugo, Enugu State Nigeria


CONTACTS
Email: registrar@madonnauniversity.edu.ng       info@madonnauniversity.edu.ng

Phone: 08137180957, 08078130033, 08078129083, 08135955826, 08148396740, 07082137027.

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