Finance & Banking

Name of Ag. Head Of Department: Dr. E. P. Ifionu
Contact E-mail:
Contact Phone Number(s): 08037244697


Finance and Banking was one of the areas of specialization under the Master of Business Administration (MBA) programme of the erstwhile Graduate School of Management and Business Administration. With the inception of undergraduate programme in Management Sciences in 1984, Finance and Banking became one of the four departments that formed the nascent faculty of Management Sciences. Other departments in the faculty include Accounting, Management, Marketing, and Hospitality and Tourism Management. The department took off with two academic staff in 1984 and a few students. It has over the years grown into modest size with about 250 students currently enrolled at various levels of the programme. The academic staff strength currently stands at fourteen (14) while administrative staff is eight (8) in number.

2.0    Objectives of B.Sc Finance and Banking Programme

The objectives of the departmental B.Sc Programme are to:

  1. Provide students with broad-based education in all functional areas of finance so as to be able to analyse financial issues at both micro and macro levels in our dynamic economy.
  2. Educate, train and produce graduates sufficiently equipped to serve in private and public sectors of the Nigerian economy thereby, contributing to national growth.
  3. Produce graduates sufficiently equipped to undertake further studies in the field of finance and banking at graduate level
  4. Produce graduates who can undertake entrepreneurial ventures

3.0    The Philosophy of the Department B.Sc Programme

The Philosophy of the Programme is the comprehensive development of the individual by impacting relevant theoretical and practical knowledge, self-discipline and reliance which will equip the individual with the ability to identify and understand diversified financial problems and methods of financial analyses/operations in the financial, non-financial and banking institutions.

4.0    Vision of the Department

The vision of the department is to become a top rated department amongs Nigerian and other Universities actively involved in educating students, training and research activities thereby, serving as a reference point for research to other Universities and higher institution of learning.

5.0    Mission of the Department

To provide finance knowledge to our students and potential member of the public in an organized and most articulate manner, which will accelerate the dissemination of the knowledge of finance discipline and contribute to growth of the private and public sectors of the Nigerian economy.

6.0    Shared Values of the Department

The Shared values of the department are :- (QERTP) – Quality Teacher, Efficiency, Research, Training and Publications.


8. Structure of (Finance and Banking) Degree Programme

The department runs programmes of four years for its Bachelor’s Degree. The degree programme is designed to meet and exceed the minimum academic standards set by the National Universities Commission (NUC). It has the following provisions:

8.1    General Studies Courses: These are University-wide courses, taken in the first year of the degree programme. They are designed to improve the basic intellectual and communication skills of the students, understanding of contemporary society as well as the historical and cultural origins of the people of Nigeria.

8.2    Foundation Courses: These are basic courses in the Faculty of Management Sciences, that teach the principles and tools of Management problem analysis. These courses include at least one courses in each functional area of management plus courses in economics, mathematics, statistics, computer science and data processing. These courses are taken by all students in the Faculty at appropriate levels.

8.3    Community Service Course: This is a field project directed towards service to the Community or to the University and is an integral part of all degree programmes. The objective of the project is to involve both staff and students in practical way with some of the problems of society as well as with efforts to provide solutions to them, and to inculcate and develop in staff and students, a consciousness of their responsibilities to society and the satisfaction of rendering service to others. The project, which is practical in nature requires the application of some of the skills being acquired in the degree programme to service the community, and generally involve manual work. It is credit-earning and an essential requirement in all degree programmes.

8.4    The Department major courses: These are courses in the student’s major field of interest. The majority of the courses are offered in the last two years of the programme.

9.    Undergraduate Admission: Entry Requirements.

a.1  The minimum entry requirement into the Undergraduate Programme of the Department of Finance and Banking shall be the General Certificate of Education, WASC, NECO, & SSC (or equivalent) with credit in five subjects obtained at not more than two sittings. These five subjects must include English Language, Elementary Mathematics and Economics. Admission into the programme shall normally be through the Joint Admission and Matriculation Examination (JAMB) and Uniport Screening. There shall normally be no “direct entry” into the second year of the degree programme. The subject combinations or each department is specified in the JAMB BROCHURE

b.    Academic Advisers

9b.1  Every student is attached to an Academic Adviser who is a member of the academic staff and who will advise him/her on academic affairs as well as on personal matters. Academic advisers are expected to follow their students’ academic progress and provide counselling to them.

9b.2  It is the duty of the Head of Department to assign an academic adviser to each student in the programme at the beginning of each session.

9b.3  Academic advisers should give clear information on the notice boards about appropriate times and places at which they will be available to students who wish to consult them.

10.    Registration of Courses

10.1  The period for normal registration is the first week of each academic year, excluding the orientation week.

10.2  The period for late registration is the sixth week of the first semester of the academic year. Students who made instalment payment in the first semester are to pay the outstanding instalment on or before the sixth week of the second semester of the academic year.

10.3  Course registration is the responsibility of the student. Course registration are to be done online by the student before the close of the online registration portal.

10.4  In registering students, the parent department should ensure that students register for all previously failed courses in which the programme requires a pass, and meet the prescribed requirements for each course registered.

Furthermore, that the total credit units registered are not less than 5 or more than 24 per semester (SCAR 4.5 and 5.7)

10.5  Any registration completed after the time specified will be null and void and will not be credited to the student even when he/she has taken passed an examination in the course.

10.6  Students are not allowed to sit for examinations in courses for which they have not previously registered. Such actions are fraudulent and culprits will be appropriately disciplined.

10.7  Any genuine request for late registration must be made in writing to the Head of Department. For which such complaints will be forwarded to the ICTC for ratification.

10.8  A list of students registered for each course should be kept. This list should be displayed for one week immediately after the close of registration for necessary corrections.

10.9  The parent faculty and the parent department retain one copy each of this list and forward three copies to the Teaching Faculty to be distributed as follows: one to the Faculty, one to the Department and one to the Course Lecturer. This list becomes the authentic register for the course examination.

10.10 For all students, the following forms are returned to the Academic Office: MIS-01 (SF) for fresh student, MIS-02 (Course Registration Form) and MIS-04 (Fee Form).

10.11 Students should be encouraged to join their professional associations, but the dues for such association should not be tied to registration forms.

10.12 Application for adding or dropping a course must be made on the prescribed ADD/DROP form and of the Heads of Department concerned, not later than four weeks before the examination in each semester. Any change of course made by altering the registering form will be null and void.

11a.  Deferment of Admission

A candidate who is offered admission and is qualified at the time, but is unable to take up the offer at the required time may have the admission deferred. This request must be made in writing stating reasons, and forwarded through the Head of Department of the approved course/programme for which admission was offered.

11.1  To qualify for consideration for transfer to the programmes in Management Sciences after the completion of the first Academic Year, a student shall be required to obtain a CGPA of four point or above at the time of application.

11b.  Auditing of Courses

11b.1 Students may attend a course outside their prescribed programme. The course shall be recorded in their transcript only if they have registered for it with approval of the Head of their Department and the Dean of their Faculty and taken the prescribed examination. An audited course shall not be used in calculation the CGPA.

12.    Change of Degree Programme

12.1  A student who has been admitted to a degree programme on satisfying the minimum requirements for entry into the University as well as course requirements for the Faculty and Department shall not normally, be allowed, to change until he/she has completed the first academic year in the degree programme. A student shall be allowed to change Faculty or department to that in which the programme specified by the Scholarship Award is available, provided that he/she meets the requirements of the Faculty of Department to which a change is desired.

12.2  Application to change Faculty shall formally be made by the student concerned through the Head of the recent Department and Faculty, who recommends to the Faculty Board on a prescribed form (in quadruplicate) obtainable from the Faculty. Duly completed copies of the Change of programme Form shall be forwarded to the Committee of provost and Deans for Approval and to the Registrar for certification. Thereafter, the Registrar shall retain a copy and forward a copy each to the two heads, respective Deans and the student concerned. Intra-Faculty transfer should be done by the Faculty Board and the Committee of Provost and Deans informed.

12.3  To qualify for consideration to transfer to the professional programmes in Medicine, Engineering and Management Sciences a student shall be required to obtain a CGPA of 4 points Or above at the time of application.

13a.  Inter-University Transfer

13.1  A student from another University may seek a transfer to any of the programmes of the University of Port Harcourt. Such applicants must write, enclosing relevant credentials and transcripts of academic records, to the Registrar, who shall normally refer the request to the appropriate Head of Department with the applicant’s official transcript. The Head of Department, after considering the application, shall make an appropriate recommendation through the Dean to the Committee of provost and Deans shall be final. All such applications must be processed before the beginning of the academic year.

13.2  All applicants for Inter-University transfer shall be required to be in good standing in their previous University.

13.3  A student who has been expelled or suspended from any University for acts of misconduct shall not be eligible for transfer to the University of Port Harcourt:

13.4  The residency requirement shall be a minimum of two years.

13b.  Requirement for a Bachelor’s Degree

In order to obtain a Bachelor of Science (B.Sc) degree in the department of Finance and Banking, a student shall meet the following requirements.

  1. Complete a programme for students approved by the University Senate for the Faculty.
  2. A score, not below 40% must be attained in the prescribed courses and research project
  3. Satisfy all financial obligations to the University, and other requirements relating to attendance and character,
  4. Be formally recommended by the Faculty Board of Studies to the University for the award of degree.

14.    Examinations

14.1  Course Examinations

  1. Every Course of instruction shall be continually assessed, and examined at the time which it is given. The examination is weighed 70%.
  2. 30% is assigned to continuous assessment weighting by the University in view of the work input expected from students in the various programmes of Study.
  3. Subject only to administrative supervision by the Dean’s Office the conduct of course examinations shall be the responsibility of the Head of Department.
  4. Continuous assessment of students should be by means of term papers, frequent tests (formal and informal), assessment in workshops/ assignments, etc. as may be applicable to respective disciplines.
  5. Part-time teachers, where necessary, may be appointed as Internal Examiners
  6. Every course examination (i.e. question papers and grading) shall be moderated normally by one external Examiner as may be determined by the respective Faculty Boards of the Faculty. Moderation of course examinations shall be limited to the end of the semester examinations.
  7. The results duly signed by the Dean shall be published provisionally within 24 hours after approval by the Faculty Board.
  8. The Dean shall, thereafter, on behalf of the Faculty Board, present the results to Senate for final approval.
  9. The Registrar shall, after the approval by Senate, take custody of the results and notify the students and their sponsors.

14.2  Absence from Examination

Students are obliged to sit for all examinations with their mates at the same time. No special arrangements shall be made for any student who failed to write the examination with other classmates originally. However, any student who has good and acceptable reasons for not writing a scheduled examination shall apply to the Vice Chancellor through the Dean and Head of Department for senate approval to write the said examination as first attempt at the next available opportunity when subject would be examined.

14.3  Procedure for Review of Scripts of Aggrieved

Students shall be entitled to see their marked examination scripts if they so desire provided appropriate steps are taken to safeguard the security of scripts.

Any student who is aggrieved about the grading of a course examination may petition his/her Department in the first instance through the Academic Adviser. The Head of Department shall refer the petition to the Dean of the Faculty who shall cause the scripts to be reassessed and the scores presented to the Faculty Board for determination.

A student applying for a review of answer scripts shall be required to pay the following fees to the Bursary before commencement of the review.

Course Examinations – Five Hundred Naira (N500.00) per course. If the petition is upheld, the fee so paid shall be refunded to the student.

14.4  Examination Malpractice (See paragraph 17.1)

14.5  Forgery

Any student found guilty of forging certificate, transcripts and other official documents shall be expelled from the University.