alexa Banking Industry Consolidation and Financial Performance of Selected Quoted Banks in Nigeria
Business & Management

Business & Management

Arabian Journal of Business and Management Review

Author(s): Owolabi Sunday Ajao, Ogunlalu Adewale Emmanuel

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In any economy, the banking industry is a highly regulated industry owing to the fact that the industry is considered as the engine of economic growth and development. The objective of this research is to analyze financial performances of pre and post cons olidation program in order to determine whether there is significant difference betwe en the two periods. The study employed the use of secondary data gathered from the audited financial reports of sel ected banks. Descriptive analysis was employed through t he use of tables and charts; then the regression is used to determine the relationships while t - test statistics is used to find out whether there is statistical difference between the means of consolidation variables and financial performance v ariables. It was discovered that it is not all the time that consolidation transforms into good financial performance of banks and it is not only capital that makes for good pe rformance of banks. The study , therefore, recommends that the CBN should increase its oversi ght role so as to ensure that none of the banks has weak corporate governance.

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This article was published in Journal of Applied Finance & Banking and referenced in Arabian Journal of Business and Management Review

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