Abolition of Universal Banking in Nigeria: A policy Somersault

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dc.contributor.authorJimoh, Abdulrazaq Taiye
dc.date.accessioned2021-06-03T12:59:10Z
dc.date.available2021-06-03T12:59:10Z
dc.date.issued2016
dc.description.abstractThe 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.en_US
dc.identifier.citationJimoh, et al.en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/5828
dc.language.isoenen_US
dc.publisherFaculty of management Sciences, University of Ilorinen_US
dc.relation.ispartofseriesVolume 3;No 1
dc.subjectUniversal bankingen_US
dc.subjectsynergyen_US
dc.subjectprofitabilityen_US
dc.subjectreformsen_US
dc.subjectNigeriaen_US
dc.titleAbolition of Universal Banking in Nigeria: A policy Somersaulten_US
dc.typeArticleen_US

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