ABOUT THE PROGRAMME
1.1 NAME OF PROGRAMME : PGD BANKING AND FINANCE
1.2 CODE OF THE PROGRAMME : 3309
1.3 DESCRIPTION OF THE PROGRAMME
As a result of the dynamic business environment around the world coupled with the fact that Finance is shaped by the environment in which it exists; it has become imperative to provide exceptional Open and Distance Learning and cutting edge knowledge in the practice of finance with added value required for survival in today’s global village. Accordingly, the programme will provide remedial training in basic courses in Banking and Finance to prepare graduates of universities or equivalent qualifications of those who did not have first degrees in Banking and Finance to either pursue postgraduate degree programmes in the fields of study or prepare them for managerial positions in the industry.
2 PROGRAMME PHILOSOPHY, VISION AND MISSION
PHILOSOPHY
The philosophy of the Postgraduate Programme is to provide remedial training in basic courses in Banking and Finance to prepare graduates of universities or equivalent qualifications of those who did not have first degrees in Banking and Finance to either pursue postgraduate degree programmes in the fields of study or prepare them for managerial positions in the industry.
VISION: To be regarded as the foremost University providing highly accessible and enhanced quality education anchored by social justice, equity, equality, and National cohesion by engaging in the highest quality research and post graduate education in banking and finance in order to have positive impact in a dynamic economy.
MISSION: To provide functional cost-effective and flexible learning for students seeking high quality post graduate diploma education in banking and finance who would be preferred choice for employers seeking banking and finance graduates and also provide platform for our graduates to qualify for further degree programmes in Banking and Finance.
- AIMS AND OBJECTIVES
AIM
The Post Graduate Diploma in Banking and Finance Programme is aimed at producing young graduates, male and female and other qualified interested individuals in the society to become qualified business and financial analysts/experts.
OBJECTIVES
The objective of this programme is that at the end of the programme successful graduates can
- work in banks, financial sector
- governmental establishment at the three tiers of government around the country in corporate governance activities
- they can equally work in educational establishments as teachers in that course.
- ENTRY REQUIREMENTS
To be admitted for the Post Graduate Diploma in Banking and Finance Programme,
a candidate must possess:
- Provided the matriculation requirements are satisfied: five credit passes including English Language and Mathematics at O’Level
- At least a Third-class first degree from Banking & Finance, Business Administration, Accounting, Economics or other Social Sciences related thereto.
- At least a Second-class first degree, Lower division, for applicants from other programmes not mentioned in (i) above.
- Candidates who possess HND with Upper Credit in Banking and Finance or other relevant courses can also be considered for admission to undertake the programme.
- PROGRAMME STRUCTURE AND DEGREE RULES
Programme Structure
Minimum Duration of the Post Graduate Diploma in banking and Finance programme is one year (1year) of two semesters and a maximum of two years (or four semesters) under the flexible mode of study.
Degree Rules
To be awarded PGD in Banking and Finance, the student must pass a minimum of 30 credit units. The minimum credit units include all compulsory courses and research project and exclude all general studies courses.
- OUTLINE OF COURSE STRUCTURE
1ST SEMESTER
| Course Code | Course Title | Credit Unit | Status |
| GST 707 | The Good Study Guide | 2 | C |
| BFN715 | Principles of Finance | 2 | C |
| ECO 719 | Micro Economics Theory 1 | 2 | C |
| BFN 721 | Investment Analysis & Portfolio Management | 2 | C |
| FMS 731 | Research Methodology | 2 | C |
| BFN 737 | Micro and Small Business Financing | 2 | C |
| ACC 757 | Principles of Accounting | 2 | C |
| BFN 779 | Public Financial Management | 2 | E |
| BUS 701 | Computers in Organization | 2 | E |
| Total Credit Units(Compulsory) | 14 | ||
| Total Credit Units | 18 |
2ND SEMESTER
| Course Code | Course Title | Credit Unit | Status |
| BUS 714 | Principles of Management | 2 | C |
| ECO 718 | Macro Economics Theory 1 | 2 | C |
| BFN 728 | Quantitative Techniques for Financial Decisions | 2 | C |
| MKT 730 | Fundamentals of Marketing | 2 | C |
| BFN 732 | Business Finance | 2 | C |
| BFN 740 | Regulations of Financial Institutions | 2 | C |
| BFN 748 | Financial Institutions and Market | 2 | C |
| BFN 790 | Research Project | 4 | C |
| Total Credit Units(Compulsory) | 18 | ||
| Total Credit Units | 18 |
- SUMMARY OF DISTRIBUTION OF COURSE CREDIT AT ALL LEVELS
| Level | GST Courses | Compulsory Courses | Elective Courses (min) | Total |
| 700 | 2 | 30 | 00 | 32 |
| Total | 2 | 30 | 00 | 32 |
- COURSE CONTENT SPECIFICATIONS/SYLLABUS OF ALL COURSES IN THE PROGRAMME
GST707: THE GOOD STUDY GUIDE 2 CREDIT UNITS
Getting Started: How to use the book, why read about study skills, getting yourself organized, what is studying all about, reading and note-taking: introduction, reactions to reading, your reading strategy, memory, taking notes, conclusion. Other ways of studying: Introduction, learning in groups, takes and lectures, learning from T.V and Radio broadcasts, other study media. Working with numbers: Getting to know numbers, describing the world, describing the tables, describing with diagrams and graphs, what is good writing? The importance of writing, what does an essay look like, what is a good essay, conclusion. How to write essays: Introduction, the craft of writing, the advantages of treating essay writing as a craft, making your essay flow, making a convincing case, the experience of writing. Preparing for examination.
BFN715 PRINCIPLES OF FINANCE 2 CREDIT UNITS
This is an introductory course to make students understand some basic concepts in finance. Topics include: money creation, credit operations and monetary control, savings mobilization, interest rates and lending process, money and capital markets, the foreign exchange market and 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 traditional and development roles, bank capitalization and recent developments in the Nigerian and global financial systems.
ECO 719 MICRO ECONOMICS THEORY 2 CREDIT UNITS
The areas of concentration in this course are Economic system and organization, demand and supply, individual consumer behavior, the utility and indifference curve approaches. Other areas are market classifications, the principles of production, the firm and perfect competition, pure monopoly, monopolistic and oligopolistic competition, pricing and employment of resources.
BFN721: INVESTMENT ANALYSIS & PORTFOLIO MANAGEMENT 2 CREDIT
UNITS
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 theory; activities involved in making selection among alternative financial assets from the viewpoints of individuals and institutional investors; implications of the efficient market theory for the profitability of alternative investment; valuation of financial statements and analysis.
The empirical evidence for various mean variance models of assets for evaluating portfolio performance as emphasized.
FMS 731 RESEARCH METHODS FOR MANAGEMENT DECISION 2 CREDIT
UNITS
The course is designed to expose the students to some technical terms used in research methodology and to develop the skills and competency for executing a research project.
Conceptual investigation; information gathering analysis and interpretations in dealing with management problems; the art of problem identification, analysis and report writing; the hypothesis of statistical tools for analysis; computer applications in research; research referencing and styles; proposal contents; writing skills and ethical issues.
BFN 737 MICRO AND SMALL BUSINESS FINANCE 2 CREDIT UNITS
This course covers the problem of provision of microcredit and the financial problems of small business in the economy. Topics covered include: sources, acquisition and use 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 provisions of finance credit institutions as well as the non-financial components to make finance be positively employed.
ACC 757: PRINCIPLES OF ACCOUNTING 2 CREDIT UNITS
This course will enable the students trace the historical development of accounts to the present day accounting systems, understand the basic techniques of book-keeping and double entry system, be conversant with various types of ledger accounts, prepare cash book, bank reconciliation statements, imprest and petty cash, as well as distinguish capital from revenue items. The history, principles and uses of accounts – meaning of accounts, accounting principles and conventions, accounting cycle etc; book-keeping and the double entry; journals – books of prime entry; the cash book; bank reconciliation and the use of column records; the petty cash book and the imprest system; classification of capital and revenue items; treatment of accounts receivables and payables.
BUS 714 PRINCIPLES AND PRACTICE OF MANAGEMENT 2 CREDIT UNITS
The development of Management thought; theories and models of management, the manager and his environment, organization structure and relationships; leadership and motivation; organization development, the management functions and procedures; planning; organizing; directing; controlling etc.
ECO 718 MACRO ECONOMICS THEORY 2 CREDIT UNITS
The emphasis of this course is on the macro, or aggregative aspect of the economy. Topics include National Income Account, the Determination of the level of Aggregate Output. Employment and Prices; the monetary system; monetary and Fiscal Policies; Economic growth and International Monetary Economics.
BFN 728 QUANTITATIVE TECHNIQUES FOR FINANCIAL DECISIONS
2 CREDIT UNITS
This course aims at giving the students quantitative skills necessary for banking and financial decisions making. The focus of the course will be more of application rather than of the theory per se. It covers descriptive statistics, probability and expectations, discrete and continuous distributions, and statistical decision theory, study of estimation, tests of hypotheses and confidence intervals. Time series Analysis, Index Number with applications in finance, multiple regression, including correlation analysis. Also it includes inventory, forecasting, queuing models, analysis of variance, use of computer as a tool, emphasized with application to finance
MKT 730 FUNDAMENTALS OF MARKETING 2 CREDIT UNITS
The course aims to give you a broad framework of the art and science of marketing; and how this is used in planning, coordinating and executing all the activities that create goods and services. The contents include: introduction to marketing, marketing and demand management, forces operating in the marketing environment, market-oriented strategic planning, market products, product – mix strategies, new product development, pricing decision, place and distribution strategies, promotion decisions, sales forecasting and demand measurement, marketing research and marketing of services.
BFN732 BUSINESS FINANCE 2 CREDIT UNITS
This course covers working capital financial management: Accounts, Receivables Management, Inventory Management, and Cash Management. It also covers capital Budgeting decisions, and capital structure decisions.
BFN 740 REGULATIONS OF FINANCIAL INSTITUTIONS 2 CREDIT UNITS
An Advanced treatment of Fiscal and monetary policy issues; in respect of economic stabilization measures. The instruments and targets of fiscal and monetary policies and theory impacts on macroeconomic aggregates including unemployment, income levels, inflation etc. regulatory institutions in domestic and international economic environment such as the CBN, NDIC/FDIC, IMF etc. as they effect national and international economic development.
BFN 748 FINANCIAL INSTITUTIONS AND MARKETS 2 CREDIT UNITS
The course covers overview of the financial system, embracing banks, non-bank financial institutions, money and capital markets and the regulatory authorities – the central bank, the Securities and Exchange Commission, the stock exchange, and survey of the structure and operation of the market for short, medium, and long term securities. Other topics include overview of the nature, types, sources and uses of term securities as well as the nature, objectives, structure, functions, and practices of institutions, such as the stock exchange, investment banking, insurance and pension institutions as well as international finance institutions. The other aspects 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 investment and performance of the financial operators.
BFN 779: PUBLIC FINANCIAL MANAGEMENT- (2 UNITS)
This course is aimed at equipping the students with the necessary skills to manage financial resources in the public sector. The contents are: Meaning of public financial management; the role of the financial manager; principles of budgeting and control; techniques of budgeting in the public sector; the Nigerian budgetary cycle: capital budgeting; the investment cycle; risk analysis; debt management forecasting; financial planning and control; issues and problems of financial resource management in the public sector.
BUS 701: COMPUTERS IN ORGANISATIONS- (2 UNITS)
This course explains the why and how of computers, the use of computers in business and other organizations; Data transmission, nature, speed and error detection. It also examines systems analysis and design, the programming process; problem definition, flow chatting and decision table.
BFN 790 RESEARCH PROJECT 4 CREDIT UNITS
Students are expected to submit project work for approval bringing into focus all they have learnt in their programme.
- INSTRUCTIONAL METHODS
As NOUN is a distance learning institution, instructional method is through facilitation at the Study centres. Students are to study essentially on their own by creating their own convenient learning environment. Face-to-face tutoring would only be handled by Instructional Facilitators at the designated Study centres for specified periods based on credit loading of the course. Delivery of course material is in print medium. Future use of video and audio tapes, radio and television broadcast, CD-Rom and e-learning are to complement the print material.
- QUALITY ASSURANCE
To maintain quality, the course materials were written by Ph.D holders in their specialized fields or adapted by both experienced in-house staff, edited by external assessors and validated in accordance with NOUN standard.
- EVALUATION
Students would be evaluated at the end of each semester based on the following:
11.1 Tutor Marked Assignments
There is a tutor marked assignment at the end of every unit of a course material. Students are advised to attempt all the assignments. They will be assessed on the best 3 performances out of 4 indicated for assignment. The assignments carry 30%.
11.2 End of Semester Examination
At the end of each Semester, there is an end of term examination, which
carries 70%.
- STAFF
INTERNAL DEPARMENTAL STAFF
| S/N | NAME | AREA OF SPECIALIZATION | DISCIPLINE | QUALIFICATION | RANK | STATUS |
| 1 | Dr Okoh Johnson Ifeanyi | Finance | Banking and Finance, Accounting, Education | PhD (Banking & Finance Unizik 2014). MBA (Banking & Finance Unizik 2004), PGDE 2014, B.Sc. 2000, ACIB (2017), ACS (2018) | Associate Professor | Staff/HOD |
| 2 | Prof. Willy Igwuanyi | Finance | Finance | PhD | Professor | Staff |
| 3 | Dr. (Mrs) Ofe Iwiyisi Inua | Accounting | Accounting | Ph.D (Accounting Uniben 2013)., M.Sc.(Accounting Uniben 2005), PGDE 2007, B.Sc. (Accounting) 2002, CNA(2018) | Associate Professor | Staff/Study Centre Director |
| 4 | Dr. Araga Abdullahi Shehu | Finance | Finance | PhD (Banking & Finance Ebonyi State University 2017) M.Sc. Finance University of Calabar 2006), MBA 1994, B.Sc. 1982 | Senior Lecturer | Staff |
| 5 | Dr Jeremiah Obera | Accounting | Accounting & Finance | PhD (Accounting & Business Finance Dundee, UK, 2015), BA (Accounting with Finance, Abertay, Dundee, UK, 2014), MBA, FUTA, 2005, HND Fed Poly Idah, 1994) | Lecturer I | Staff/Accounting Coordinator/Exam officer |
| 6 | Dr. Sa’adatu B. Adam | Finance | Finance | PhD | Lecturer I | Staff |
| 7 | Mr. Israel S. Cookey | Finance | Finance | MSc | Lecturer I | Staff |
| 8 | Mrs Onyebuenyi, Faith E. | Accounting | Accounting & Finance | M.Sc. (Forensic Accounting, SMU Cameroon 2017), B.Sc. (Accounting RSUST Port-Harcourt 2005). Diploma | Lecturer I | Staff/On Study Leave |
| 9 | Mr. Anthony I. Ehiagwina | Accounting | Accounting | M.Sc. (Accounting Uniben 2008), B.Sc.(Accounting Uniben 2002, Diploma (Accounting Uniben 1998 | Lecturer I | Staff/Study Leave |
| 10 | Dr Awa Kalu Idika | Finance | Banking & Finance | PhD (Banking & Finance UNN 2015) MBA (Banking & Finance UNN 1996) B.Sc. 1985 ACII 2000 | Lecturer II | Staff/Faculty Exam officer |
| 11 | Miss Boro Irene | Finance | Finance | M.Sc.(Finance & Investment University of Nottingham 2012) B.Sc. Business Admin. Ahmadu Bello University 2008) | Assistant Lecturer | Staff/Study Centre |
| 12 | Mrs. Kunbi Lawal | Finance | Accounting, Financial Management | M.Sc. (Financial Management University of Greenwich, B.Sc. (Accounting University of Ilorin 2001) | Lecturer II | Staff |
| 13 | Mr. Tyohen T. James | Accounting | Accounting and Finance | MSc | Assistant Lecturer | Staff |
- LEARNERS’ SUPPORT
There is a Directorate of Learners Support established by the University that takes care of the needs of the students. They work hand in hand with the Study Centres and the Faculty.
- RECOGNITION OF THE PROGRAMME
The contents of the programme have been benchmarked against the requirements of
the National Universities Commission.
- PROPOSED STARTING DATE AND PRESENTATION SCHEDULE
2014/09 was the starting date for this programme.
- TARGET STUDENTS
The targeted students are those who are working and are willing to learn to enhance their capacity building in order to be relevant in nation building.
- STUDENT ENROLMENT AND PROJECTION
Student enrolment is estimated at about 1,000 each year.
- CONCLUSION
The objective of the programme is to produce Post graduate diploma graduates who can meet the need of world economy growth that reflects best global financial management practice.