Browsing by Author "Jimoh, Abdulrazaq Taiye"

Now showing 1 - 14 of 14
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    Abolition of Universal Banking in Nigeria: A policy Somersault
    (Faculty of management Sciences, University of Ilorin, 2016) Jimoh, Abdulrazaq Taiye
    The Central Bank of Nigeria (CBN) aboilished universal banking model in Nigeria in 2010 barely ten years of its adoption. 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 realized and therefore tagged its reversal a policy somersault. Therefore, this study assessed empricially 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. The data were analysed using one-way analysis of variance (ANOVA). Results 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 profitability, reversal of the 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 costs as conflicts of interest and risk exposure. This is because the findings of the study may not generalizable on all areas of universal banking model.
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    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 Ayoola
    The 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.
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    An Assessment of the Post Consolidation Performance of the Nigerian Banking Sector
    (Ilorin Journal of Business and Social Sciences, 2014-10) Sakariyahu, Ola Rilwan; Jimoh, Abdulrazaq Taiye; Bamigbade, Dayo
    In 2005, the Central Bank of Nigeria (CBN) raised the minimum capital requirement of commercial banks in Nigeria to N25 billion in the bid to strengthen the country's financial system and insulate licensed banks from financial distress, amongst several potential benefits. This study examined how the post consolidation banks have reacted to the 2005 exercise. It specifically assessed whether there is significant difference in how the Return on Assets (ROA) and Return on Equity (ROE) of the post consolidation banks have reacted to the exercise. Secondary data was collected form published annual reports and accounts of five (5) first-tier banks from 2006-2013 (post consolidation period). Descriptive statistics and one-way Analysis of Variance (ANOVA) were employed for data analysis using the Statistical Package for Social Sciences (SPSS) Version 21.0. It was found that there is no statistically significant difference in how the ROA of the post consolidation banks have reacted to the exercise. However, a statistical significant difference exists in the ROE. To this end, it is concluded that not only is the stability of the banking sector of the economy guaranteed through the recapitalization exercise, the post consolidation banks have benefited from the exercise is similar fashion.
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    Banking Sector Development and Economic Growth: Evidence from Nigeria
    (Ilorin Journal of Finance, 2017-12-31) Jimoh, Abdulrazaq Taiye
    Studies have claimed that Nigerian banking sector is still underdeveloped and the sector has performed below expectation in its role of promoting economic growth of the country. This study therefore assessed the effect of banking sector devolpment on the Nigeria’s economic growth. Annual time series data from 1981 to 2015 were collected from CBN statsistical bulletin and World Bank database. Augmented Dickey Fuller (ADF) test was conducted to ascertain the order of integration of the series. Johansen co-integration test was performed and ECM approach was used to estimate the model. The study concludes that the banking sector development have both long and short run effect on the Nigerian economic growth. It is therefore recommended that banks in Nigeria should improve their administration of credit to private sector to ensure that the funds are properly channeled to productive ventures…
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    A comparative study of financial inclusion indicators in selected African countries.
    (Department of Accounting, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria., 2017-12-31) Jimoh, Abdulrazaq Taiye
    Financial inclusion is regarded as a tool for poverty reduction and economic growth. To this end, African countries are working towards the dividends of financial inclusion. This is evidenced by different policies introduced to foster financial inclusion and the resultant increase in the financial inclusion indicators. In spite of the improvement in the indicators, the extent of financial inclusion is still low compared to other developing regions such as Asia. The study examines financial inclusion indicators in five African countries using descriptive statistics and further compare the level of improvement in each of the countries. The comparison revealed that South Africa recorded more growth in it' financial inclusion indicators compared to other countries in the study. Overall, the study concludes that the level of financial inclusion has improved in the region. The study, therefore, recommends that more efforts be put on policies that enhance the growth of financial inclusion indicators in Africa
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    Exchange rate Management in Nigeria: A Study of Dutch Auction System
    (Department of Accounting, Banking and Finance, Osun State University, 2015-06-30) Jimoh, Abdulrazaq Taiye
    The quest for a stable and realistic exchange rate for Naira with a view to achieving the overall macroeconomic stability hassled to series of reforms in the Nigerian foreign exchange market. This paper examined the contribution of one such reforms, the adoption of Dutch Auction System (DAS) towards achieving the stated macroeconomic objectives. This was achieved by comparing the stability of exchange rates in Nigeria over a twenty four year period split into two- pre and post DAS adoption. Wilcoxon signed rank test was employed as the statistical tool for testing the hypothesis. The result of the test shows that there is a significant difference in the pre and post DAS exchange rate stability. The study concluded that the adoption of DAS has had significant influence on the stability of exchange rate in Nigeria.
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    Financial inclusion in Africa: Do Creditors Rights Protection and Information Sharing Matter?
    (Department of Accounting, Nigeria Police Academy Wudil Kano, 2018-11-30) Jimoh, Abdulrazaq Taiye
    Using the global findex database, we examine whether creditors’ rights protection and information sharing matter for financial inclusion in a sample of 36 countries in Africa. Our findings show that only information sharing is important for financial inclusion, particularly when country-level characteristics such as legal origin, income, population density, political stability and bank competition are not controlled for. We suggest that better information sharing may lead to greater financial inclusion in African Countries.
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    Impact of deposit money Banks Lending on real Sector Growth in Nigeria
    (A Publication of Departments of Economics, Federal University Birnin Kebbi, 2019-06-30) Jimoh, Abdulrazaq Taiye
    Over the years in Nigeria, the volume of lending by deposit money banks into the real sector has continued to increase. This lending behavior in general is expected to assist the economic agents, augment their vulnerability to economic shocks and ultimately enhance economic growth. However, the Nigerian economic performance is quite low relative to the volume of credit being received by one of the growth propellers of the country, the real sector. This study therefore investigated the impact of deposit money banks’ lending on real sector growth in Nigeria. Specifically, the study assessed the impact of bank lending to various components of the real economic sector of the country. Exp-post facto design was used for the study and data collected from the CBN statistical Bulletin. Using the Ordinary Least Square (OLS) multiple regression technique, the result showed that output of the real sector had a positive relationship with the deposit money banks’ lending to the real sector but negative relationship with interest rate and inflation. It was concluded that the real sector businesses have not been able to have access to adequate fund and that the ones assessed have not been effectively utilized for productive purposes. It was therefore recommended that banks should grant more credit to real business activities to boost their productive power. Banks should also strengthen their monitoring on the loans being granted to the sector to ensure that the credits are used for the purposes they are granted.
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    IMPACT OF FINANCIAL INCLUSION ON PERFORMANCE OF BANKS IN NIGERIA
    (A Publication of Departments of Accounting & Finance and Business Administration, Fountain University, Osogbo, 2019-12-31) Jimoh, Abdulrazaq Taiye
    The re-lunch of financial inclusion in 2012 by the central bank of Nigeria has made Nigerian banks to embrace several innovative ideas towards providing better quality services to their customers. These innovations are expected to impact on the performance of the banks as suggested by theoretical literature. This study is therefore conducted to provide some empirical explanation on the impact of financial inclusion instruments on performance of Nigerian banks. Data were collected from World Bank database, Central Bank of Nigeria Statistical Bulletin, and annual reports of deposit money banks. The data were analysed with Fixed Effect Regression Model. The Regression analysis was conducted after carrying out the Breusch-Pagan Lagragian Multiplier (BP-LM) test to determine the suitability of either the fixed effect or random effect model. The findings revealed positive and significant impact of Automated Teller Machines, Bank embranchment, and point of sale terminals on bank performance at both 1% and 5% levels of significance. However, the result on the number of bank account is not significant. The study concludes that improvement in the quality of financial services will attract more customers to the bank and boost their performance. It is thus recommended that more ATMs, POS and Branches be put in place for better inclusive finance.
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    Impact of Financial Intermediation on Economic Growth in Nigeria
    (Department of Business Administration, University of Ilorin, 2016-12-31) Jimoh, Abdulrazaq Taiye
    This study assessed the impact of financial intermediation on economic growth in Nigeria. Data were obtained from CBN statisitcal bulletin and nalysed using OLS regression technique. The study found that all the intermediation variables except credit to private sector and reserve money are positively and significantly related to GDP at 5% level of significance. It was concluded that both size and efficiecny of intermediation are necessary for growth of Nigerian economy. The study recommends that deposit money banks in Nigeria should improve their monitorring of private sector credits for effective utilization
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    Impact of universal banking on the Nigerian Economy
    (Faculty of management Sciences, University of Ilorin, 2014) Jimoh, Abdulrazaq Taiye
    The search for a sound financial system led to trials of different designs by many countries. One of such designs in Nigeria is the adoption of universal banking in 2001. The adoption was borne out of the many benefits which have been ascribed to the system. However, the reversal of the model in year 2011 pointed to the Nigeria’s inability to avail herself of those potentials or perhaps such benefits were marred by attendant costs of adopting the model. This paper evaluates the impact of universal banking on the Nigerian economy. Mann-Whitney U was employed as the statistical tool for testing the null hypothesis at 5% level of significance. The result of the test shows that there is no significant difference in the contribution of universal banking model to GDP during the periods. The study concludes that the shift to the former commercial banking system was appropriate.
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    Microfinance Policy Reforms and Small and Medium Enterprises Financing in Nigeria: Dummy variable regression Approach
    (Department of Business Administration, University of Ilorin, 2015-06-30) Jimoh, Abdulrazaq Taiye
    The study examined the effect of microfinance policy reforems on Microfinance Banks loans to SMEs in Nigeria. Time series data were collected on microfinance loans to SMEs over a period of twenty three years. The data were analysed using dummy variable regression approach (ANOVA model) to asses the regime effect of both community banking and microfinance banking on the finance of SMEs in Nigeria. The results revealed that microfinance policy reform impact siginificantly on MFBs loans to SMEs. The study concludes that policy reforms impact positively on SMEs financing in Nigeria. It is therefore recommended that CBN should through policy measures, strengthen the microfinance banks to enhance their lending capacity to SMEs.
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    Risk Management Committee Attributes and Bank performance in Nigeria
    (A Publication of Departments of Accounting & Finance and Business Administration, Fountain University, Osogbo, 2017-12-31) Jimoh, Abdulrazaq Taiye
    A dearth of research exists in bank corporate governance via the risk management related governance variables in Nigeria. This study was therefore conducted to examine the impact of risk management committee on performance of deposit money banks in Nigeria from 2007 to 2015. Data were collected from a sample of 15 banks listed on the Nigerian Stock Exchange. The analysis was done with the use of Multiple regression technique. The study found that all the risk governance variables except risk commitee size are postively related to return on asset and return on equity as indicators of bank performance. The study concluded that risk governance has positive and significant effect on performance of banks in Nigeria. Therefore, the study recommends that the members of risk commitee be properly motivated, meet more frequently, include more independent directors and more financial and risk experts as all these will lead to better performance of the banks.
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    Sales force remuneration schemes and SME operational performance: a case study of Gibson Nigeria enterprises.
    (Department of Accounting, University of Ilorin, 2014) Bamigbade, Dayo; Jimoh, Abdulrazaq Taiye; Sakariyahu, Ola Rilwan
    The role of the sales force in achieving a desirable sales volume is a key factor in attaining planned activity levels and by implication, expected operational performance of an entity. This study examined the effect of the use of fixed (salary) and variable (commission) remuneration schemes for the sales force of a Small and Medium Scale (SME) on the profitability of the entity. A significant difference was found at 5% level of significance between the operational performance of the enterprise when fixed remuneration scheme (FRS) was deployed and when a variable remuneration scheme (VRS) was used by the enterprise; with the VRS generating higher performance level. It is thus recommended that SMEs should consider the VRS for their sales force especially when a fixed remuneration for the sales force will constitute a huge portion of fixed costs of operation for the enterprise.