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BANK REFORMS AND PERFOMANCE OF BANKS IN NIGERIA

Olokoyo, F. O. (2013) BANK REFORMS AND PERFOMANCE OF BANKS IN NIGERIA. International Journal of Education and Research, 1 (9).

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Abstract

Bank reforms have played a role in the performance of banks in Nigeria. The purpose of the study was to access the effects of the reforms on the performance of banks in Nigeria. The data required for this study was gathered through the instrument of questionnaire. One hundred (100) copies of questionnaires were administered out of which eighty (80) copies were collated for the analysis. To achieve the objectives of the study, two (2) hypotheses were formulated from the structure of research questions while Analysis of Variance (ANOVA) method was used to test the hypothesis using the statistical package for social sciences (SPSS). The study shows that the recapitalization and consolidation process has had significant effect on the manufacturing sector of the economy and thus on the Nigerian economy at large. The study further reveals that despite the reforms, post consolidation challenges like challenges of increased return on investment still exist. According to some sections of the Nigerian populace, the reforms are seen to have come too soon and thus, rendering sections of the economy such as the lower class, illiterates and the economically active poor, incapable of banking transactions. The reforms however is very necessary for our banks to imbibe best corporate governance practice, improve on self-regulation, institute IT-driven culture and seek to be competitive in today’s globalizing world

Item Type: Article
Uncontrolled Keywords: Bank Reforms, Banking Industry, Performance, Recapitalization, Consolidation
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 20 Jan 2017 12:20
Last Modified: 20 Jan 2017 12:20
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/7607

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