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 317
- Downloads 10
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...
Empirical Research on China’s Corporate Income Tax and Corporate Capital Structure
In 2008, the domestic and foreign corporate income tax systems were unified in China. Based on data of the listed companies in China from 2006 to 2012 and the established model, we find that income tax rates significan...
Divisia Monetary Aggregates and Demand for Money in Nigeria
The Nigerian financial system has undergone several transformations over the past few decades leading to financial innovations. These innovations have altered the definition and use of monetary aggregates as a monetary...
The Effect of Job Related Selected Factors of Job Satisfaction among Employees of Different Levels of Financial Institutions: A Study in Sylhet City, Bangladesh
Job satisfaction is the indicator of success and failure of any service providing organization as the satisfied employee can provide satisfaction to the customers that lead to the success of an organization. It may diff...
Financial Sector and Economic Development in Africa: A Theoretical Concept
The paper examines the concept of institutions in Africa and the impact it plays on the development of the continent. It conducts a theoretical study on the both economic and financial data for about forty one African...