(B) PGD BANKING AND FINANCE PROGRAMME
The philosophy of the Postgraduate Diploma progamme is to provide remedial professional and academic training in basic courses in banking and finance to prepare graduates of universities or those with equivalent qualifications who do not have first degrees in banking and finance to either pursue postgraduate degree programmes in the field of study or prepare them for managerial positions in theBanking and Finance industry and related organizations.
The specific objectives of the Postgraduate Diploma (PGD) degree programme in Banking and finance are:
- To provide understanding of the core courses in banking and finance.
- To provide knowledge of the basic skills and tools for decision making in the discipline in the private and public sectors.
The postgraduate Diploma (PGD) degree programme in Banking and Finance is divided into two specialization, namely: Banking and Finance. It will consist of course work, and project work. Students will complete relevant courses in their stress area in addition to project work on a selected topic from their chosen area.
1.4 Entry Requirements:
Candidates for the Postgraduate Diploma (PGD) degree programme in Banking and Finance must have:
- Five credit passes including English Language and Mathematics at the “O” level, and
- Minimum of third class division at bachelor’s degree level in Banking and/or Finance,ORin related disciplines. OR
- Higher National Diploma from a recognised institution with a minimum of lower credit.
1.5 Mode of Study
The mode of study for the Postgraduate Diploma (PGD) degree programme in Banking and Finance shall be by course work and project report.
The duration for the PGD full-time programme shall be:
Full-time: Two (2) semesters.
1.7 Employment Opportunities
The Postgraduate Diploma programme prepares students to fill middle and senior level management positions in business, commerce, industry, and government. With their education and training, they can set up their own businesses since the programme also emphasizes self-employment.
Stress Areas Code
Foundational Courses 0
Business Environment 3
Risk Management 4
Capital Market Analysis 5
Financial Institutions 6
Marketing of Financial Services 7
PGD Banking and Finance
Course Code Course Title (Core Courses) Units
ACC 701 Principles of Accounting 2
MAN 701 Principles of Management 2
BAF 721 Principles of Finance 2
BAF 761 Quantitative Techniques 2
BAF 781 Research Methodology 2
ACC 732 Auditing Principles and Practice 2
BAF 731 Principles of Micro Economics 2
Total Units 14
Course Code Course Title (Core Courses) Units
BAF 716 Money and Banking 2
BAF 722 Micro and Small Business Financing 2
BAF 732 Principles of Macro Economics 2
BAF 744 Investment Analyses and Portfolio Management 2
BAF 762 Financial Institutions and Markets 2
BAF 799 Research Project 4
Electives (One to be chosen)
BAF 726 Business Finance 2
BAF 764 Regulation of Financial Institutions 2
Total Units 16
Grand Total Unit 30
ACC 701 Principles of Accounting
Details as in Accounting programme
MAN 701 Principles of Management
Details as in Management programme
BAF 701 Principles of Finance
The area covered include: money creation, credit operations and monetary control, savings mobilization, interest rates and lending process, money and capital markets, the foreign exchange markets, financial intermediation processes, sources of capital, short and long term capital, internal and external finance, corporate securities, debt and equity finance, the Nigerian banking system and the Central Bank of Nigeria’s traditional and development roles, bank capitalization and recent developments in Nigerian and global financial systems.
BAF 781 Quantitative Techniques for Financial Decisions
It covers descriptive statistics, probability and expectations, discrete and continuous discrete and continuous intervals. Time series analysis, index number with applications in finance, multiple regression, including correlation analysis. It also includes inventory, forecasting, queuing models, analysis of variance, use of computer as a tool, with emphasis on application to finance.
BAF 791 Research Methodology
The course is designed to train students in the skill of scientific information gathering, analysis and interpretation in dealing with problems in finance and related topics. Through reading, assignments and direct experiences students are exposed to the art of problem identification and analysis, data gathering, analysis and report writing. Emphasis will be placed on the approach at every stage. Students shall be given assignments and surveys to be conducted using ICT applications & tool i.e. survey monkey, etc, in order to create surveys, event planning, sharing surveys and making use of available templates.
ACC 723 Auditing Principles and Practice
The role of internal and external audits, reporting responsibilities, appointment, dismissal and resignation of auditors. The concept of true and fair view, independence of auditors. Relationship f auditors to directors, shareholders and other financial statements users. Auditing planning – initial review of accounting system, evaluation of internal control systems and procedures – vouching of accounts, verification of assets, sampling technique, flow charting, stock taking procedures, letter of representation. The audit report – statutory requirements for audit report (companies Act, 1990). Types of audit reports. Professional requirements, duties and power under statue and case, independence and ethical considerations.
BAF 731 Principles of Micro-economics
Details as in Economics programme.
BAF 716 Money and Banking
Brief history of money and banking. Different types of monetary standards in the development of banking, theories of banking, capital adequacy, base money, theories of money, types of banks, various definitions of money, supply and their determinants, demand for money, banking laws and regulations.
BAF 722 Micro and Small Business Financing
The course covers the problem of provision of microcredit and the financial problems of small business in the economy. Topic covered include: sources, acquisition and use of capital by small businesses; financial analysis relating to income, repayment of capital and risk management, leasing and other finance alternatives, the role of small business in the economy, required government assistance, how microcredit can be effectively provided and the provision of finance by credit institutions as well as the non-financial components to ensure finance is productively employed.
BAF 732 Principles of Macro-economics
Details as in Economics programme
BAF 744 Investment Analysis and Portfolio Management
The study covers portfolio selection as a problem of constrained utility maximization under conditions of uncertainty, discussion of the different markets, along empirical evidence for validity of the theory, activities involved in making selection among alternative financial assets from the viewpoints of individuals and institutional investors; implications of the efficient markets theory for the profitability of alternative investment; validation of financial statements and analysis. The empirical evidence for various models of assets for evaluating portfolio performance is emphasized.
BAF 762 Financial Institutions and Markets
Overview of the financial structure of the economy, bank and non-bank financial institutions, money and capital markets and the stock exchange, other areas covered include: economics and legal aspects of the capital market, analysis of interest rates, cost of capital, prices of securities, risk in securities operations and their implications for investments and performance of the financial operators.
BAF 726 Business Finance
This course covers working capital financial management: accounts, receivables management, inventory management and cash management. It also covers capital budgeting decision and capital structure decisions.
BAF 764 Regulation of Financial Institutions
This course will focus on treatment of fiscal and monetary policy issues; in respect of economic stabilization measures. Regulation of varied financial institutions. Problems and Challenges of regulation. Regulatory institutions in domestic and international economic environment such as CBN, NDIC/FDIC, IMF, etc.
BAF 799 Research Project
Based on extensive research on a topic in the student’s area of specialization. Such must employ verifiable analytical tools and may make significant contributions to knowledge