Concept:Banking challenges are problems that hinder the effective operation and stability of banks in Nigeria.
Explanation:Banks in Nigeria normally provide employment, grant loans for investment, and create money through credit creation.
These are normal functions of a bank, not challenges.
One major challenge facing the Nigerian banking industry is ensuring technological security.
This involves protecting customers’ funds and data from cyber fraud, hacking, and other electronic crimes.
Other challenges include weak capital base, poor corporate governance, and reliance on public sector funds.
Therefore, the correct answer must be a challenge, not a routine banking function.
Answer:A. ensuring technological security.