Performance of deposit money banks and financial deepening in Nigeria

ADEWUNMI, K.A (2020) Performance of deposit money banks and financial deepening in Nigeria. Journal of Women in Technical Education and Employment (JOWITED), 1 (1). pp. 169-177. ISSN 2734-3227

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Abstract

This paper examined performance of Deposit Money Banks (DMBs) and financial deepening (1989 to 2018). New attention given to drive financial deepening especially in developing economies is an attempt to stimulate performance of Deposit Money \banks in \Nigeria. The paper employed Ordinary Least Square (OLS) regression analysis method and also conducted Augmented Dickey and Fuller test for stationarity, Johansen co-integration and Granger Causality test to determine long run relationship between the dependent and independent variables. The variables employed includes money supply/Gross Domestic Product, Credit to Private Sector/Gross Domestic Product and Deposit Mobilization. Time series \data was obtained from Central Bank of Nigeria statistical bulletin. Findings revealed that money supply to Gross Domestic Product (GDP) has no significant effect on Deposit Mobilization. In addition, it was established that Credit to Private Sector/Gross Domestic Product have significant impact on the performance of DMBs in Nigeria. Therefore, it was recommended that; government policy should be geared towards strategically increasing money supply and promoting efficient capital market that will enhance overall economic efficiency, mobilize savings and promote proficient entrepreneurial response in various sectors of the economy.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Miss Ayomikun Ogunbadejo
Date Deposited:	11 Sep 2020 12:34
Last Modified:	11 Sep 2020 12:34
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/1209

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