The Concept of Banking Crisis and its Periods of Occurrence in Nigeria

Abstract

The paper attempts to underpin the concept of banking crisis and identify its period of occurrence in Nigeria from 1986 till date. The study successfully underpins the meaning of banking crisis using its different shades which includes bank distress and bank failure. Using different banking crises dating databases, positions of financial experts and financial publications, the paper identifies the years from 1989 to 2014 as banking crisis period for Nigeria. The outcome of the study would facilitate robust measure of banking crisis, thus adequate policy lessons from banking crisis occurrence.

Keywords: Banking Crisis, Financial crisis, Bank Distress, Bank Failure, Nigeria.