Investment Banking Activities in Nigeria: A Critical Discourse Analysis of Problems and Prospects
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 04
Abstract
The investment bank's performance was researched and critically analysed, and how such performance might contribute to economic growth notably in Nigeria. Using the Nigerian financial industry, this study assessed the issues of investment banks in a growing nation. This study spanned the years 1960 through 2023. The period was marked by a credit boom, a financial recession, a rebound, and strong economic expansion. In this study piece, a systematic literature review (SLR) was performed, and the research revealed crucial challenges of Investment Banks in an emerging economy. Among the difficulties cited are: regulatory compliance, technology management, cyber risk, cost pressure as inferior ROE hits, the development of Fintech businesses, ring-fencing, and so on. The research identified the following important roles of investment banks: initial public offering activities, mergers and acquisitions, risk management, research, derivatives, merchant banking, and investment management. According to the research, in order for the performance of investment banks in Nigeria to significantly improve, the following should be pursued aggressively: a cost-cutting strategy, cultural transformation, a customer-centric approach to business, technological development, financial depth development, and the development of a sustainable investment bank framework. This study believes that if the recommendations are adopted, the profit of investment banks would improve, allowing them to execute their core functions and contribute to the growth of the economy, particularly in a rising economy like Nigeria.
Authors and Affiliations
Ayodeji B. Owoeye (PhD)
Keywords
Related Articles
- EP ID EP727018
- DOI 10.47191/jefms/v6-i4-40
- Views 48
- Downloads 0
Effectiveness of Village Fund Utilization in Supporting Rural Development (Case Study of Punti Village, Soromandi Subdistrict, Bima Regency, West Nusa Tenggara)
This study aims to analyze the effectiveness of the use of village funds in supporting the development of rural community empowerment and to analyze Community Involvement in the Management of the Village Fund Budget for...
Marketing Strategy to Increase Sales of Liquid Biological Fertilizer (Case Study on Tani Makmur Ii Liquid Biofertilizer, Pandanwangi Village, Tempeh District, Lumajang Regency)
Fertilizer is one of the important components in the agricultural sector and has a very important role in increasing agricultural business in Indonesia. This is because farmers have realized the role of fertilizer in agr...
The Impact of Stock Selection, Market Timing and Equity Fund Size on Equity Funds Performance during Covid-19
Investors in Indonesia pay attention to the financial market's investment tools, including mutual funds. Some mutual funds even provide a higher return on investment than alternative stock investments, with a lower level...
Comparative Analysis of Company Financial Performance Between Sub Sectors in The Consumer Goods Industry in Indonesia Before and During The Covid-19 Pandemic
During the Covid-19 pandemic, some sectors are predicted to grow while many other sectors slump. This study aims to prove the difference in financial performance between companies in the Food and Beverages, Tobacco Manuf...
Public Governance Mechanisms and Organizational Performance Case Study: Cameroon Military Engineering
Reflecting on governance mechanisms and organizational performance of the Cameroon Military Engineering raised some questions on the role of the Army in society in general, developing countries in particular and in the s...