Browsing by Author "Ademokoya, A.A."
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Item Electronic Payment System and Bank Customers' Satisfaction in Ilorin Metropolis of Kwara State(Department of Banking and Finance, Nasarawa State University, 2015) Abdullahi, Ibrahim Bello; Ademokoya, A.A.The e-payment system adopted in the Nigerian financial system is expected to address the challenges inherent in the manual settlement and payment system. Despite the series of technological innovation of the e-payment facilities, cash usage still represented over 99 percent of the total transactions as at December, 2012 as posited by the CBN in 2013. This study therefore examined the electronic payment system and bank customers' satisfaction in the florin metropolis of Kwara State. Primary data was obtained through the questionnaire for this study. Data obtained were subjected to dprobit, probit and logit regressions, using the Statistical Tool for Analysis (STATA 11.0). The major outcome of this study showed that Electronic Payment System has significant impact on customers' satisfaction, though with attendant challenges. The study therefore, recommends that; (i) the Central Bank of Nigeria should put in place all e-transact policy to encourage more customers to adopt the use of the e-platform; and (ii) the government should put in place enabling infrastructures, especially stable power supply. If the above recommendations are fully implemented, more users are likely to adopt the technology in carrying out their transactions, which will in-turn have positive effect on the Nigerian financial systemItem Impact of Electronic Payment System on Cash Usage in the Nigerian Financial System(Faculty of Management Sciences, University of Ilorin, 2015) Abdullahi, Ibrahim Bello; Ademokoya, A.A.Nigeria is a heavily cash oriented economy with retail and commercial payments primarily made in cash. It is expected that the electronic payment system adopted in the Nigerian banking industry will reduce the amount of physical cash used for transactions and the long queue witnessed in the banking halls. Despite the series of technological innovation of the e-settlement system, the CBN still posited in 2013 that cash usage is very high, as it represented over 99 percent of the total transactions as at December, 2012. This study therefore, examined the electronic payment system and cash usage in Ilorin metropolis of Kwara State, Nigeria. Primary data was obtained through the questionnaire for this study. Data obtained were subjected to dprobit, probit and logit regressions, using the Statistical Tool for Analyses (STATA 11.0). The outcome of this study revealed that: (i) Electronic Payment System has significant impact on cash usage; and (ii) factors influencing the adoption of e-payment facilities include its user¬friendliness, convenience, usefulness and its ease-of-use. The study therefore, recommends that the Central Bank of Nigeria should put in place an e-transact policy to encourage more users to adopt the e-platform. If the above recommendation is fully implemented, more users are likely to adopt the technology in carrying out their transactions, which will in-turn have positive effect on the Nigerianjinanciai system.Item Impact of Monetary Policy on Bank Credit in Nigeria(Accounting Department Economics and Business Faculty Syiah Kuala University, Kopelma Darussalam, Banda Aceh Indonesia., 2020) Ademokoya, A.A.; Sanni, M.; Oke, L.A.; Abogun, SegunObjective – The aim of this study is to examine the impact of monetary policy on credit creation ability of banks in Nigeria. Specifically, it investigates the impact of monetary policy rate, money supply, liquidity ratio, and change in maximum lending rate on bank credit in Nigeria. Design/methodology – A monthly time series data from 2007-2019 were sourced from statistical bulletin of the Central Bank of Nigeria. The sourced data was subjected to multiple regression analysis using the fully modified ordinary least square regression to estimate the parameters of the model. Results – Findings reveal that money supply significantly and positively influence bank credit in Nigeria; while liquidity ratio significantly but negatively influence bank credit in Ni-geria. On the contrary, monetary policy rate and maximum lending rate were found not to sig-nificantly affect bank credit in the case of Nigeria. Policy Recommendation - Study therefore, recommend that monetary authorities espe-cially, the Central Bank of Nigeria should pay more attention to lowering the liquidity ratio while increasing money supply in order to engender banks credit creation ability and further stimulate the Nigerian economy for growth.