ABDULKADIR, Rihanat IdowuALIU, Atanda OlanrewajuSALAM, Mudathir Olanrewaju2021-05-272021-05-2720110795-6967https://uilspace.unilorin.edu.ng/handle/20.500.12484/5510The major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organisations. This study provides empirical evidence on the impact of the information contained in the financial statements on economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for West Africa, First Bank, Guaranty Trust Bank and Diamond bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analyse the data gathered for the study. The results of the analysis show that the primary stakeholders lack the ability to analyse information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on evaluation of the bank’s financial statements. The study therefore concludes that the financial statements have no significant impact on economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organise educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyse information contained in the financial statements.enFinancial StatementsPrimary StakeholdersEconomic decisionsNigerian banksArticle