Browsing by Author "Sanni, Ibrahim"

Now showing 1 - 5 of 5
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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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    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 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 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.
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    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 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 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.
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    Impact of financial intermediation on economic growth in Nigeria
    (The Department of Business Administration, University of Ilorin, Ilorin, Nigeria, 2017) Jimoh, Abdulrasaq Taiye; Abdulmumin, Biliqees Ayoola; Sanni, Ibrahim
    Financial intermediation underscores the catalytic role of banks in economic growth and development of any nation. This is because financial intermediaries such as banks arise to alleviate market frictions like transaction costs, uncertainty about project outcomes and information asymmetries in their effort to mobilize funds and channel same to the most productive unit of the economy. However, the question of whether it is the size/volume or efficiency of financial intermediation that matters for the growth of developing economies like Nigeria. Data were obtained from CBN statistical bulletin and analyzed using Ordinary Least Square (OLS) regression technique. The study found that all the intermediation variables expect credit to private sector and reserve money positively and significantly related to GDP at 5% level of significance. It was concluded that both the size and efficiency of financial intermediation are necessary for the growth of Nigerian economy. The study recommends that deposit money banks should improve their monitoring of private sector credit for effective utilization; and that CBN should pursue monetary policy measures that will further the depth of the banking sector so as to allow more financial inclusion, foster healthy competition within the industry and ensure efficient intermediation.
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    Islamic Green Finance and Solid Waste Management in Nigeria
    (Department of Finance and Accounting, University of Nairobi, Kenya, 2025) Jimoh, Abdulrazaq Taiye; Attah, John Adeyi; Sanni, Ibrahim; Yunus, Abdulrasheed Bolaji
    The growing population and urbanization have increased the amount of solid waste generation in Nigeria, leading to environmental degradation. The management of such waste has however become a challenge due to inadequate funding. As government financing is insufficient for effective waste management, Islamic green finance seems to be a viable alternative due to its environmentally friendly shariah principles. Although, some Islamic green financial products have been identified, empirical research is lacking in this regard. This study therefore assessed the potential impact of Islamic green finance on solid waste management in Nigeria. Data were collected from staff of waste collection services firms which are registered with Environmental Health Council of Nigeria (EHCON). Questionnaire was administered to the respondents through the contact of the companies. Descriptive statistics and logistic regression were used to analyze the data. The study found that green murabaha (p<0.05), green mudharaba (p<0.05), green musharaka (p<0.01) and green ijarah (p<0.1) were positively and significantly correlated the turnover growth of solid waste management firms. The study however, found that green musharaka wa mutanaqisah (p >0.1) had insignificant, positive relationship while green sukuk (p>0.1) had insignificant, negative relationship with turnover of solid waste management firms in Nigeria. The study concluded that Islamic green financial services are needed for improving solid waste management in Nigeria. Based on the findings and conclusion therefrom, it recommended that Islamic banks in Nigeria should adopt shariah-compliant green financial products and channel their funding to green investment including solid waste industry.