Monetary Policy and Financial Performance of Nigerian Deposit Money Banks

Julius Babatunde Adesina (), Michael Barine Nwidobie () and Agatha Nkem Amadi ()

Asian Economic and Financial Review, 2018, vol. 8, issue 7, 853-869

Abstract: This paper aims to ascertain the monetary policy instruments of the Central Bank of Nigeria (CBN) during and after the bank consolidation exercise (2000 – 2016) and determine the effects of these policies on the financial performance of deposit money banks (DMBs) in Nigeria. An Autoregressive Lag Model (ADL) analysis of secondary data obtained from the CBN Statistical Bulletin, 2016 shows that monetary policies of the CBN had a significant effect on the performance of DMBs in the short-run but an insignificant effect in the long-run.

Keywords: Cash reserve requirement; Deposit money banks; Liquidity ratio; Monetary policy; Monetary policy rate; Net interest margin; Return on assets. (search for similar items in EconPapers)
Date: 2018
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