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Beyond the CAMELS Rating – A Model For Predicting Bank Failures in Nigeria

Beyond the CAMELS Rating – A Model For Predicting Bank Failures in Nigeria

In the year 1968, a financial economist called Edward Altman, then an Assistant Professor of Finance at New York University published what is popularly known in the global finance community as the Z-Score formula for predicting corporate bankruptcy. With the published formula, it was possible to use historical accounting data to predict the failure of…

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