Liquidity and Performance of Deposits Money Banks in Nigeria

Chukwudi Francis Okoli, Meshack S Ifurueze and Augustine U. Nweze
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Chukwudi Francis Okoli: Department of Accountancy, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria
Meshack S Ifurueze: Department of Accountancy, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria
Augustine U. Nweze: Department of Accountancy, Enugu State University of Science and Technology, Enugu State, Nigeria

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 10, 212-222

Abstract: The study examined the relationship between liquidity and performance of deposits money banks in Nigeria. The specific objectives of the study are to: determine the relationship between liquid assets to total assets and performance of deposits money banks; examine the relationship between liquid assets to short-term liabilities and performance of deposits money banks in Nigeria. Ten (10) banks were selected from the Nigeria Stock Exchange (NSE). The data used were secondary data and were drawn from 2009 to 2018. The panel data used were sourced from the bank’s annual report and Nigerian Stock Exchange fact book. The panel data collected were analysed using Ordinary Least Square Method. The results show that liquid assets to total assets and liquid assets to short-term liabilities have insignificant relationship with performance of deposits money banks in Nigeria. The study, therefore among others recommends that the Regulatory agency such as the Central Bank of Nigeria and the Nigerian Deposit Insurance Corporation should formulate rules (fiscal policy) that will enable the deposit-taking sector to withstand unexpected financial shocks and also improve their performance.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:4:y:2020:i:10:p:212-222

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