Browsing by Author "Ibrahim, Wasiu Oluwatoyin"
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Item Abolition of Universal Banking Model in Nigeria:A policy Somersault?(Faculty of Management Sciences,University of Ilorin,Ilorin., 2016-06) Jimoh, Abdulrazaq Taiye; Sanni, Ibrahim; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaThe Central bank of Nigeria (CBN) abolished universal banking model in Nigeria in 2010 barely ten years of its introduction.This abolition generated a lot of debates as some economists argued that the gains of past reforms,especially adoption of the banking model,had not been fully realised and, therefore,tagged its reversal a "policy reversal".Therefore, this study assessed empirically the performance of Deposit Money Banks in Nigeria before and after the abolition of universal banking system.Specifically,the study was carried out to examine the profitability and market performance of deposit Money Banks in Nigeria before and after the abolition of the model.Data were collected from annual reports of the selected banks listed on the Nigerian Stock Exchange(NSE) and the data were analysed using both descriptive and inferential statistics.One-way ANOVA was used to test the stated hypotheses.Results of the analysis indicate that abolition of universal banking does not have significant effect on ROA,ROE,and EPS of Deposit Money Banks in Nigeria.The study concludes that in terms of banks profitability, reversal of universal banking model might actually be a policy somersault.It is , however, recommended that further studies be conducted on costs of universal banking and how the abolition affects such costs as conflicts of interest and risk exposure.This is because the findings of this study may not be generalised on all areas of universal banking model.Item Abolition of universal banking model in Nigeria; A policy somersault?(Faculty of Management Sciences, University of Ilorin, 2016) Jimoh, Abdulrasaq Taiye; Sanni, Ibrahim; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaThe Central Bank of Nigeria (CBN) abolished universal banking model in Nigeria in 2010 barely ten years of its introduction. This abolition generated a lot of debated as some economists argued that the gains of past reforms, especially adoption of the banking model, had not been fully realised and, therefore, tagged its reversal a " policy somersault". Therefore, this study assessed empirically the performance of Deposit Money Banks in Nigeria before and after the abolition of the model. Data were collected from annual reports of the selected banks listed on the Nigerian Stock Exchange (NSE) and the data were analysed using both descriptive and inferential statistics. One-way ANOVA was used to test the stated hypotheses. Results of the analysis indicate that abolition of universal banking does not have significant effect on ROA, ROE and EPS of Deposit Money Banks in Nigeria. The study concludes that in terms of banks profitability, reversal of universal banking model might actually be policy somersault. It is, however, recommended that further studies be conducted on costs of universal banking and how the abolition affects such cost as conflicts of interest and risk exposure. This is because the findings of this study may not be generalised on all areas of universal banking model.Item Abolition of universal banking model in Nigeria; A policy somersault?(Faculty of Management Sciences, University of Ilorin, 2016) Jimoh, Abdulrasaq Taiye; Sanni, Ibrahim; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaThe Central Bank of Nigeria (CBN) abolished universal banking model in Nigeria in 2010 barely ten years of its introduction. This abolition generated a lot of debated as some economists argued that the gains of past reforms, especially adoption of the banking model, had not been fully realised and, therefore, tagged its reversal a "policy somersault". Therefore, this study assessed empirically the performance of Deposit Money Banks in Nigeria before and after the abolition of the model. Data were collected from annual reports of the selected banks listed on the Nigerian Stock Exchange (NSE) and the data were analysed using both descriptive and inferential statistics. One-way ANOVA was used to test the stated hypotheses. Results of the analysis indicate that abolition of universal banking does not have significant effect on ROA, ROE and EPS of Deposit Money Banks in Nigeria. The study concludes that in terms of banks profitability, reversal of universal banking model might actually be policy somersault. It is, however, recommended that further studies be conducted on costs of universal banking and how the abolition affects such cost as conflicts of interest and risk exposure. This is because the findings of this study may not be generalised on all areas of universal banking model.Item Banks’ Price Behaviour and its Determinants in Nigeria(College of Business & Social Sciences,Covenant University,Ota,Nigeria, 2021-06-29) Etudaiye-Muhtar, Oyebola Fatima; Jimoh, Abdulrasaq Taiye; Abdurraheem, Abdulazeez Adewuyi; Ibrahim, Wasiu OluwatoyinBank-based financial systems, through the financial intermediation function, enhance economic growth. However, in the performance of this function, banks are faced with issues such as information asymmetry and inefficient institutional qualities that may lead to increased operational costs which reflects as social costs of financial intermediation and are passed on to economic units. Consequently, banks may be confronted with the problem of determining the right price for its products and services. On this premise, this study examines the pricing behaviour of Nigerian commercial banks and its determinants. The random effects regression estimation technique is used on annual panel data of 15 publicly listed Nigerian commercial banks for the period 2005 – 2017. Results from the investigation show that bank-specific factors such as bank size (0.871, p<0.05) liquidity (0.256, p<0.01), credit quality (0.095, p<0.1), and inflation (0.436, p<0.05) as a macroeconomic variable, have positive and significant effects on bank price behaviour. These findings suggest that the variables are associated with higher social costs of financial intermediation in commercial banks in Nigeria. It is recommended that in order to lower borrowing costs, banks should endeavour to reduce the level of these bank-specific factors which would lead to a reduction in costs associated with information asymmetry and inefficiency. In terms of inflation, banks are recommended to factor in inflation-related costs into their pricing process while monetary policy regulators should put in place, policies that target reduction in inflation ratesItem Effect of monetary policy instruments on the performance of Nigeria's financial market(Department of Finance, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria., 2017) Sakariyahu, Ola Ridwan; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaA significant tool for economic management is the monetary policy. The monetary policy of any nation is a combination of packages channeled towards achieving certain macroeconomic objectives. These objectives include economic growth, full employment, price stability and favourable balance of payment. This achievement of these objectives however depends on the strength and depth nation's financial market. This study examines the effect of monetary policy of the Nigerian government on the financial market. Secondary data between 1981 and 2016 were used and the dependent variables adopted are all share index and credit to private sector (CPS), both standing as a proxy for money and capital markets respectively while the independent variables used are monetary policy rate, broad money supply(M2) and liquidity rate; the trio representing monetary policy instruments. The findings of the study show that monetary policy instrument of the Nigerian government have varying degree of impact on the performance of both the money and the capital markets. Based on the findings, the study recommends that through the regulatory authorities should cautiously avoid discretionary policies that might affect lending rate; otherwise investors' apathy would mar the development strides already witness within the market.Item Effect of Monetary Policy Instruments on the Performance of Nigeria's Financial Market(Department of Finance,University of Ilorin,Ilorin., 2017-12) Sakariyahu, Ola Rilwan; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaA significant tool for economic management is the monetary policy. The monetary policy of any nation is a combination of packages channeled towards achieving certain macroeconomic objectives.These objectives include economic growth,full employment,price stability and favourable balance of payment.The achievement of these objectives however depends on the strength and depth of the nation's financial market.This study examines the effect of monetary policy of the Nigerian government on its financial market.Secondary data between 1981 and 2016 were used and the dependent variables adopted are all share index(ASI) and credit to private sector(CPS),both standing as a proxy for money and capital markets respectively while the independent variables used are monetary policy rate(MPR),broad money supply(M2) and liquidity rate;the trio representing monetary policy instruments.The findings of the study show that monetary policy instruments of the Nigerian government have varying degrees of impact on the performances of both the money and capital markets.Based on the the findings,the study recommends that government through the regulatory authorities should cautiously avoid discretionary policies that might affect lending rate;otherwise investors' apathy would mar the developmental strides already witnessed within the market.Item Impact of Capital Structure on Performance of Deposit Money Banks in Nigeria(Center of Social and Economic Research, Federal University Dutse, Nigeria, 2021-12-05) Kolawole, Kayode David; Ibrahim, Rahji Ohize; Abdulmumin, Biliqees Ayoola; Ibrahim, Wasiu OluwatoyinThe appropriate financing mix is an important decision that influences the survival of any financial institution. Hence, the need to examine the capital structure and performance of Nigerian banks. Secondary data was sourced from annual reports of thirteen banks in Nigeria covering 2011 to 2020. Panel least square analysis was used to analyze the data obtained for the study. The findings showed that debt is a significant determinant of performance with coefficient values of 6.102075 at 5% significance level. The study further revealed that equity has a positive relationship with the performance of Nigerian deposit money banks with coefficient values of 2.097716 at a 1% significant level. Thus, the study concludes that capital structure has a significant impact on the performance of deposit money banks in Nigeria. Deposit money banks in Nigeria should try to finance from retained earnings and other forms of equity financing rather than relying on debt capital as debt has a negative impact on stakeholders' wealth maximization.Item Microcredit Scheme and Millennium Development Target of Poverty Eradication in Nigeria: A case of Ilorin Metropolis(Department of Economics and Development Studies, Federal University,Otuoke,Bayelsa State, 2016-06) Sakariyahu, Ola Rilwan; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaThis study examines the role of microfinance banks in the attainment of the Millennium Development Goal target of poverty eradication in Nigeria.Other specific objectives of the study include assessment of the impact of microfinance banks in the mobilization and disbursement of funds among the poor;examining the role of microfinance banks in improving the standard of living of the poor and an assessment of the roles of microfinance banks in promoting the financial success of their customers.The study purposely sampled three microfinance banks in Ilorin metropolis,Kwara State.A total of ninety copies of questionnaires were administered on both staff and customers of the three sampled microfinance banks and upon completion,only sixty were found to be worthy of use.The inferential statistics used for the data analysis was the Kruskal-Wallis test.From the hypotheses tested, it was revealed that microfinance banks have been instruments for mobilization and disbursement of funds among the poor.However, MFBs have not improved the standard of living of their customers and they have not contributed to the financial success of their customers.Based on the results of this research work,it was concluded that MFBs have not significantly contributed to the attainment of the MDG target of poverty reduction in Ilorin metropolis.The study therefore recommends that the Central Bank of Nigeria strictly monitor the disbursement of funds by the MFBs to ensure they are granted to deserving low income earners and the rural poor.Also, the CBN must consider fixing low Monetary Policy Rate for the MFBs separate from the conventional commercial banks.This will allow MFBs grant credit to their customers at a very low interest rate.Item Nexus between Deposit Money Bank Facilities and Performance of Small and Medium Scale Enterprises in Nigeria(Department of Business Administration, Osun State University, Osogbo, Osun State, Nigeria, 2020-11-15) Ajayi, Ezekiel Oluwole; Kolawole, Kayode David; Babalola, Haorayau Bolaji; Ibrahim, Wasiu OluwatoyinThe role of small and medium-scale enterprises as an engine of growth and promoters of economic development in the world cannot be overemphasized. The problems bedeviling the SMEs in Nigeria are numerous such as inadequate capital and inaccessible credit facilities. It is upon this, this study examined the impact of access to finance on the growth of small and medium-scale enterprises in Nigeria. The study employed secondary data obtained from the Central bank of Nigeria Statistical Bulletin. Autoregressive distributed lags model and granger causality tests were used to analyze the data obtained for the study. The study revealed that deposit money banks' loans and advances are significantly related to the growth of SMEs in Nigeria with a coefficient value of 1.336 at a 5% level of significance while the study revealed that deposit money banks' lending rates are negatively related to growth of SMEs in Nigeria with coefficient value of 1.601 at 5% level of significance. The study concluded that access to finance from deposit money banks affects the growth of small and medium-scale enterprises in Nigeria. It, therefore, recommended that relatively low-interest rate finances should be provided to small and medium-scale enterprises in Nigeria so as to enhance economic growth. The study also recommended that a national policy review that will increase the number of bank loans to SMEs should be pursued so as to realize the desired corporate and national goals.