Banking and Finance


1.1       Philosophy

This academic programme is developed on the basic premise that the individual banking/financial manager must be professionally proficient in order to operate in a modern, dynamic and monetized economy. This will equip him to face the challenges and uncertainties in decision making. The programme also aims at cultivating in the individual, the professional work ethics that is required in a production economy.


1.2       Objectives

The specific objectives of the MBA degree programmes 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.


1.3       Scope

The MBA degree programme in Banking and Finance is divided into two main specializations, namely Banking and Finance. It consists of Course work, on-the-job training, graduate seminar and project work. Students will complete relevant courses in their stress area in addition to project work in their area of interest.



1.4       Mode of Study

The mode of study for the MBA degree programme in Banking and Finance shall be by course work, on-the-job training, graduate seminar and project report.


1.5       Duration

The duration for the MBA full-time programme shall be:

  1. Full-time: Four (4) semesters.
  2. Part-time: Five (5) semesters.



The fee shall be N110,000 per session.


1.7       Employment Opportunities

The MBA programme prepares students to fill middle and senor level management positions in business, commerce, industry, and government. With their education and training, they can set up their own business since the programme also emphasizes self-employment and consultancy in Banking/Finance, research, etc.


Areas of Specialization

  1. Banking
  2. Finance


Stress Areas                                                                                       Code

Foundational courses                                                                          0

Banking                                                                                               1

Finance                                                                                               2

Business Environment                                                                        3

Risk Management                                                                               4

Capital Market Analysis                                                                     5

Financial Institutions                                                                          6

Marketing of Financial Services                                                         7

Financial Intermediation                                                                     8

Thesis                                                                                                  9



Course Listing

MBA Banking and Finance


First Semester


Course Code              Course Title   (Core Courses)                                  Credit Units

MAN 811                    Quantitative Methods for Management            3

BAF 811                     Corporate Finance                                                       3

MKT 811                    Marketing Management and Strategy                        3

MAN 812                    Operations Management                                             3

BAF 871                     ICT Management                                                        3

BAF 891                     Research Methodology                                               3

Total Units                                                                 18



Second Semester



Course Code              Course Title (Core Courses)                        Credit Units  

BAF 831                     Environment of Business                                            3

BAF 832                     The On-the Job Project                                               3

MAN 852                    Business and Company Law                                      3

MAN 874                    Organizational Behaviour                                           3

                                    Total Units                                                                 12




Third Semester


Course Code              Course Title (Core Courses)                                    Credit Units

MAN 803                    Introduction to General Management                                     3

BAF 833                     Managerial Economics                                                           3

MAN 843                    Human Resource Management                                               3

MAN 875                    Entrepreneurship                                                                     3

MAN 884                    Corporate Strategy                                                                  3

BAF 892                     Graduate Seminar                                                                   3

Total Units                                                                             18






Fourth Semester

Choose any six from these elective courses (project is compulsory, making a total of seven)


Course Code              Course Title (Core Courses)                                    Credit Units

BAF 810                     Banking Lending and Loan Administration                           3

BAF 822                     Insurance                                                                                 3

BAF 841                     Financial Risk and Management                                            3

BAF 845                     Investment and Project Analysis                                            3

BAF 866                     Management of Financial Institutions                                    3

BAF 857                     Portfolio Theory and Capital Market Analysis                       3

BAF 879                     Case Problems in Financial Management,

Banking and Financial Institutions                                         3

BAF 888                     International Business Finance                                               3

BAF 890                     Project             Report                                                             6

Total Units                                                                             30






MAN 811        Quantitative Methods for Management (QMM)

Basic elements of decision making under conditions of uncertainty, set theory; probability theory; classical statistics and statistical decision theory; linear programming,. Primal and dual simplex algorithm, transportation and network analysis, concept of queuing theory, games, statistical inference and hypothesis testing, time series.


BAF811          Corporate Finance

The principles and procedures underlying financial statements; financial transactions; alternative accounting statements, tools or analysis or ratios and other quantitative measures; accounting information useful for managerial action; application of information in decision situations. Project appraisal, analysis of investment projects, the impact of risk, tax and inflation, the term structure of interest rates, the cost of capital and target rates of returns, capital market and its efficiency, the role of intermediaries, sources of finance, the borrowing decision and company valuation and optimal portfolio allocation; capital structure, optimal capital structure of firms, mergers and acquisitions and the market for corporate control, market efficiency, the principle of capital structure, gearing and the basics of hedging and international finance.


MKT 811        Marketing Management & Strategy (MMS)

Perspectives and problems of marketing management in a multi-product firm, the concept and application of strategic planning to business units and functional areas of marketing, utilization of current marketing strategy, models as aids in strategy formulation, decision processes for product planning, pricing, promotion, distribution and competitive strategy.



MAN 812        Operations Management (OM)

Issues in operations strategy, process analysis and the use of data and managerial opinion in making effective propositions to address the questions in the cases. Major economic decision, problems of production and operations management; aggregate production and work-force scheduling; multi-plant allocation of product; large scale project control (CPM and PERT); production and inventory control, demand forecasting; quality control; and short run job shop scheduling; the interaction of production problems with those of other functional areas, queuing theory, dynamic programming, multiple regression and correlation.



BAF 871         ICT Management (ICM)

Uses of computers in problem solving; its application to the solution of problems at the introductory level of capital budgeting and linear programming.


BAF 891         Research Methodology

The course is designed to improve the ability of students to carry out empirical research and to evaluate published research, topic covered include the nature of scientific research, theory building, and concept definition, hypothesis formulation, sampling methods; nature and sources of data; concept and problems in data collection and sampling; data analytical techniques; analyzing research reports and referencing style; validity and reliability, measurement and scaling methods, criteria for casual inferences, studies and control groups, considerable time will be devoted to report writing include editing foot noting etc.


BAF 831         Environment of Business

The concept, scope and nature of the business environment and environmental scanning, legislations related to business. Ethical theories of business decision, social and cultural issues in business. Theoretical and practical issues of the Nigerian political economy which dictates the basis of fiscal and monetary policies, macroeconomics management and business practices.



ACC 802        The On-the Job Project

The on-the job project is a twelve-week programme spent observing a manager in challenging situation and reporting on what students observed and learned.


MAN 852        Business and Company Law

Familiarize candidates with the legal aspect of business. Law of contracts, agency, hire purchase, carriage of goods, and related laws are examined. The company Act and company and miscellaneous matter decree are examined in depth.


MAN 874        Organizational Behaviour (OB)

Exposure to essential theories and concepts for anglicizing managerial problems, individual and group analysis of cases and experimental exercises, exchange of ideas and experiences in the classroom, intensive field-based project work in groups.




MAN 803        Introduction to General Management (IGM)

Evolution of management thought; functions and responsibility of general management, understanding global management; managing through processes; managerial values, managerial decision making; planning, organizing, directing and coordination, problems affecting the character and success of the enterprise; he design and implementation of corporate strategy.


BAF 833         Managerial Economics (ME)

Application of principles from various field in economics and business to management decision making; price mechanism, allocation of resources, profit drivers of the firm, revenue and cost drivers, interaction among the market players, firms’ strategy, understanding market forces, the meaning of competition, pricing and profits, market power good or evil, playing games I competition versus cooperation, playing games II Entry and Exit, firms versus markets, make or Buy auctions and market design, economics of information.


MAN 843        Human Resources Management

The scope, nature, methods and principles of organizational human resources management. The course will provide an overview of strategies and management practices in manpower planning techniques, staffing, human resources training and development, performances management and system design, compensation designs and reward management, career planning and employee welfare, line and staff functions as well as the relationship between personnel department and other departments. Review of current principles and practices of human resources management in the Nigerian and global context.



MAN 875        Entrepreneurship

The basics associated with innovation and building a new venture or initiative from scratch either inside an existing organization or as a new company startup. The course assumes no prior knowledge of business or entrepreneurship. The broad mission of the course is:

  • To develop and understand the entrepreneurial frame of mind that drives innovation (think entrepreneurial)
  • To understand the basic skill set required to start or champion something new.
  • To estimate self-evaluation for career direction.



MAN 884        Corporate Strategy (CS) (3)

Conceptual framework and models for the analysis of competitive situations and strategic dilemmas; insight into strategic management; analyses of external competitive environment, industry structure, value chain dynamics, etc.


This course explores the ability to think creatively with a business frame of mind . the course focuses on brining new innovations to market. It will instill and appreciation of the characteristics and motivations of entrepreneurs and entrepreneurs. The course also addresses the importance of acting as a responsible and ethical individual while pursuing a business opportunity.



BAF 892         Graduate Seminar

This seminar introduces students to the most recent research in the area of accountancy examining current issues and trends, student have an opportunity to present and discuss their own research and actively engage in the analysis and discussion of the works of others. Each student is expected to make at least one presentation during the course, focusing on the formulation, design, execution and result of his/her research.


BAF 810         Bank Lending and Loan Administration

Basic principles of lending and credit administration. Types of credits, collateral analysis for lending. Bank credit organizations, the lending environment and financial statements analysis, loan structuring n commercial banking, corporate banking and consumer banking.


BAF 862         Insurance

Comprehend basic concepts of risk and uncertainty as they relate to the insurance field. The legal, regulatory and market environment of the insurance industry. Recognize and practice critical planning elements related to social security, Medicare, and other governmental benefit programs. Analyze characteristics of the following types of insurance: life, medical, disability income, long term care, property and liability, homeowners, and automobile. Identity appropriate insurance coverage for specific personal situations.


BAF 861         Financial Risk and Management

A broad understanding of derivatives and various investments – including equity, fixed income and alternative investments. Roles in risk management, international insurance and reinsurance. Risk and the management of the firm, the markets. Market mechanisms and efficiency, interest-rate risk, currency risk, equity and commodity price risk. The behavior of asset prices. Risk assessment. Controlling risk, qualifying financial risks, financial methods for measuring risk and qualitative approaches to risk assessment.


BAF 859         Case Problems in Financial Management, Banking and Financial Institutions

Case studies in the areas of financial management, banking and financial institutions.


BAF 888         International Business Finance

The environment in which the international financial manager operates. The risks of doing business overseas and the tools available to minimize those risks. Foreign exchange risks, political risk, working capital management, long-term investments, financing, accounting and control.



BAF 890         Project Report

Based on original empirical and 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.