How many deposit money banks are in nigeria

Facebook Twitter WhatsApp Telegram. Business News. Although the fragile peace between Deposit Money Banks DMBs and telecommunications operators over the use and non-payment of charges as appropriate on Unstructured Supplementary Service Data Improving cancer diagnosis, treatment in Nigeria with PPP model.

As part of efforts to facilitate improvements in healthcare delivery in Nigeria, enhance foreign exchange conservation and reduce medical tourism, the Central Bank of Nigeria CBN. The fragile settlement reached between the telecommunications operators and Deposit Money Banks DMBs last week over the lingering crisis surrounding the usage of the Unstructured Taro Yamane Sample Size formula was used to determine the sample size Out of the copies of questionnaires that were distributed, representing As part of the method of data analysis, Pearson Correlation and Ordinary Least Square OLS was used to test the formulated hypotheses in line with the objectives of the study.

The unsustainable and decreasing contribution of the Nigeria stock market to economic growth and development is the rationale for this study. Previous studies were unable to fully address the core developmental problems of the stock market in terms of its contribution to economic growth. These studies focused on how the monetary authorities can stabilize the stock market and reduce its volatility but ignored issues bordering on the contribution of the stock market to economic growth, which of course is the essence of any stock market and as such characterize its development.

Consequently, the objective of this study is to investigate the impact of monetary policy on the development of the stock market in Nigeria. The study period covered from to Cointegration and vector error correction modelling VECM were employed for the analysis. The cointegration test indicates that there exist long run equilibrium relationship among the variables of the model.

VECM result indicated that monetary policy, through the growth rate of money supply has impacted positively and significantly on the development of the stock market in Nigeria. Also, findings further indicated that prime lending rate has had a negative impact on the development of the stock market in Nigeria.

The study recommended among others, that the Central Bank of Nigeria CBN should use its growth rate of money supply to further boost the development of the stock market but must however be mindful of the channeling of the increase in money supply in order to curtail the possible negative impact of inflation. The study investigated the effects of financial reporting quality on investment decision making by Deposit Money Banks in reference to Zenith Bank Plc, Nigeria.

Data obtained from the audited annual reports of Zenith Bank Plc that covered period of — The study utilised both Descriptive and Ordinary Least Square Regression method with the aid of using E-view 9 to analyse the data.

The study concluded that, higher financial reporting quality increases investment decision by Deposit Money Banks in Nigeria. The paper uses panel data spanning from to to examine the differential earnings quality of Deposit Money Banks DMBs and insurance companies listed on the Nigerian Stock.

We employ two proxies of earnings quality as dependent variables in running logistic regression and Generalised least square GLS , all based on random effects, to test the hypothesis that DMBs are likely to exhibit higher earnings quality than insurance companies.

We fail to document evidence to support our hypothesis. We recommend for research employing richer data set with more proxies of earnings quality. This research study examines the effectiveness of audit committee and as well explores the relationship between audit committee effectiveness and the value of deposit money banks in Nigeria.

The followings were identified as audit committee characteristics Internal control, the integrity of financial reporting, commitment of audit committee members and meeting and were used in identifying the effectiveness of audit committee. Eight questions-survey questionnaires related to the four identified characteristics were administered to 55 respondents spread amongst the five sampled banks.

The questionnaire enables the study to seek the perceptions of the respondents on the effectiveness of audit committee in deposit money banks in Nigeria. It therefore recommends that detail issues of meetings of audit committees be clearly stated and or included in the annual reports of the banks.

This study examines the effects of working capital management on the profitability of Deposit Money Banks DMBs quoted on the Nigerian Stock Exchange for single period of year The annual account and report of all the eleven banks quoted on the Nigerian Stock exchange as at served as the sources of data, regression was used to determine the relationship between the dependent and the independent variables, and the study finds that significant and positive relationship exist between the working capital management and the profitability of the DMBs in Nigeria.

The findings indicate that the two profitability proxies are positively affected by all the elements of working capital management. The paper noted variety of components of working capital and profitability; this therefore means that banks are to ensure that appropriate management of working capital is essential for achieving its objective of maximizing the profitability. The study objective gives an insight into the effectiveness of economic policy reforms in the Nigerian banking industry.

This study examines the impacts of merger on deposit money banks performance in Nigeria between and The period was characterized by financial deregulation, the Global economic crisis, and bank restructuring programs. The panel data ordinary least squares approach is the methodology employed to investigate if there is any significant effect on the performance of banks from the pre to the post merger periods, in order to detect whether bank mergers produce any performance gains in the Nigerian banking industry.

The new guidelines also stipulate that all risk mitigation techniques adopted by the MMOs must be within the scope of the relevant code of corporate governance, for example, the Code of Corporate Governance for Finance Companies the Code. Furthermore, all MMOs are to file annual audited reports and mandatory continuity business plans to the CBN within the first three months of the following year or no later than 31 March of the following year.

MMOs have definitely simplified financial transactions and services in Nigeria by increasing the number of banked individuals. Banks no longer need to have physical presences to provide financial services to residents of rural areas. While the guidelines are a commendable development, we hope that in the editions to come, the CBN can involve Telco-Led models as they appear to be more common and easily accessible to the average Nigerian.

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