The Impact of the Consolidation of the Banking Sector on Nigeria Economy
Journal Title: International Journal of Financial Economics - Year 2015, Vol 4, Issue 1
Abstract
This paper examines the impact of the Consolidation of the Banking Sector on Nigeria Economy specifically the 2005 CBN Consolidation of Banks which increased the minimum capital base from N2 billion to N25 billion. A well developed and vibrant banking Sector is the bedrock of the development of any economy. The rationale for this Consolidation became evident following the failure of many banks to meet up their statutory requirement and obligations as the agent of financial stability and economic development of the country. This study using primary data (questionnaires) and Secondary data investigates the impact of the recent banking Sector Consolidation in Nigeria economy. Five among the banks that were fully involved in the mergers and acquisitions were investigated. When the data obtained from the five banks were analyzed, it was found that the banking Sector Consolidation impacted positively and significantly on the economy of Nigeria.
Authors and Affiliations
Emernini Fabian, Ugwoke Theophilus Ifeanyi
Keywords
Related Articles
- EP ID EP27293
- DOI -
- Views 328
- Downloads 10
Corporate Failure Prediction: A Fresh Technique for Dealing Effectively With Normality Based On Quantitative and Qualitative Approach
This study uses a combination of quantitative and qualitative models to predict business failure with an appreciable degree of accuracy and/or precision. Quantitatively, the study used Factor Analysis (FA) to reduce th...
Nigerian Banks and Global Challenges: Further Evidence
This paper X-rays the Nigerian banking sector as well as the various reforms embarked by the Central Bank of Nigeria to strengthen Nigerian banks. Ranking of Nigerian banks among the top 1000 world banks was also exami...
The Bank Credit Transmission Channel of Monetary Policy in Australia
This paper intends to test for the existence of credit channel of monetary policy in Australia using aggregate seasonal data from 1994.1 to 2011.4. Based upon Johansen trace test, two co integrating relationships are f...
Investigating the Impact of Market Power on Foreign Direct Investment Absorption in Concentrated and Unconcentrated Industries in Iran
The central purpose of this thesis is investigating the relationship between market structure and absorption of foreign direct investment in Iran manufacturing industries. Four firm concentration ratio and Herfindahl -H...
Identifying the Impact of RMB and SDG Exchange Rate Variability on the Trade Value between China and Sudan (1986-2012)
This paper applies augmented gravity equation model on the bilateral Chinese Sudanese trade flows. The estimation covers total export and import in addition to ten export goods groups and eight import goods groups in S...