Banking Consolidation in Nigeria

Carlos Barros and Guglielmo Maria Caporale

No 99, CEsA Working Papers from CEsA - Centre for African and Development Studies

Abstract: This study examines the Nigerian banking consolidation process using a dynamic panel for the period 2000-2010. The Arellano and Bond (1991) dynamic GMM approach is adopted to estimate a cost function taking into account the possible endogeneity of the covariates. The main finding is that the Nigerian banking sector has benefited from the consolidation process, and specifically that foreign ownership, mergers and acquisitions and bank size decrease costs. Directions for future research are also discussed.

Keywords: Nigeria; banking consolidation; dynamic panels (search for similar items in EconPapers)
JEL-codes: C23 G21 O55 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-afr, nep-com and nep-eff
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Citations: View citations in EconPapers (5)

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