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This study aims to examine the effect of volatility of macroeconomic variables on the financial performance of Deposit Money Banks in Nigeria. Secondary annual time series data from 2006 to 2020 on variables for this study were obtained from the Central Bank of Nigeria Statistical Bulletin 2021. A GARCH model analysis of annual time-series data on...
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This paper examines the impact of digitalisation on the performance of Deposit Money Banks (DMBs) in Nigeria. Using the Dynamic Ordinary Least Squares (DOLS) method, the results revealed that Web pay, and the Nigeria Inter-Bank Settlement System (NIBSS), Instant Payment (NIP) transactions, have a significant and positive impact on the Capital Adequ...
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... The positive and significant relationship between volatility in bank credit and Nigeria's GDP necessitates the implementation of monetary policies aimed at increasing credit advances to increase production and economic growth. Nwidobie (2018) studied the effects of volatility in macroeconomic variables on financial performance of deposit money banks (DMBs) in Nigeria. A GARCH analysis of secondary data on aggregate bank profits, cash reserve ratio (CRR), liquidity ratios (LR), foreign exchange (FXR), minimum rediscount rate (MRR)/monetary policy rate (MPR), inflation rate (INFR), lending rate (INT) and gross domestic product (GDP) shows that there exists volatility in these variables with MRR/MPR, FXR, INFR and GDP positively affecting bank financial performance; and INT, CRR and LR negatively affecting bank financial performances. ...
... These findings also suggest that Nigerian banks doesn't make significant amount of money from foreign currency transactions, which appear to rise during periods of high foreign exchange rates. This theory does not support assertions of "round tripping" by Nigerian banks in foreign currency operations that result in large financial gains (Nwidobie, 2018). RGDP and ABP have a negative and insignificant relationship, a rise in RGDP would insignificantly worsen economic activities, production capacity expansion, demand for credit, savings, cash availability for credit advances, and profitability. ...
The aim of this study is to examine the effect of forensic accounting practices on fraud management in selected government agencies in Oyo State. The sample for the study are five (5) selected government agencies in Oyo State which are Office of the Accountant General; Hospital Management Board; Ministry of Agriculture, Rural Development and Natural Resources; Local Government Staff Pensions Board; and Oyo State Universal Basic Education Board. The sampling technique used is the census sampling technique. Data were collected with the aid of structure questionnaire. The data was coded and analyzed using both descriptive and inferential statistics such as correlation and Analysis of Variance. Results reveal that forensic investigation and forensic dispute resolution has a positive and significant effect on fraud management. While forensic litigation was found to have negative and insignificant effect on fraud manageme The studyrecommends that an improvement in forensic practices will lead to better fraud management in most agencies and that the forensic investigator should be more pro-active in combating any form of fraudulent activities in the state.
... The positive and significant relationship between volatility in bank credit and Nigeria's GDP necessitates the implementation of monetary policies aimed at increasing credit advances to increase production and economic growth. Nwidobie (2018) studied the effects of volatility in macroeconomic variables on financial performance of deposit money banks (DMBs) in Nigeria. A GARCH analysis of secondary data on aggregate bank profits, cash reserve ratio (CRR), liquidity ratios (LR), foreign exchange (FXR), minimum rediscount rate (MRR)/monetary policy rate (MPR), inflation rate (INFR), lending rate (INT) and gross domestic product (GDP) shows that there exists volatility in these variables with MRR/MPR, FXR, INFR and GDP positively affecting bank financial performance; and INT, CRR and LR negatively affecting bank financial performances. ...
... These findings also suggest that Nigerian banks doesn't make significant amount of money from foreign currency transactions, which appear to rise during periods of high foreign exchange rates. This theory does not support assertions of "round tripping" by Nigerian banks in foreign currency operations that result in large financial gains (Nwidobie, 2018). RGDP and ABP have a negative and insignificant relationship, a rise in RGDP would insignificantly worsen economic activities, production capacity expansion, demand for credit, savings, cash availability for credit advances, and profitability. ...
Department of Architecture, Caleb University, Imota, Lagos State, Nigeria onamadeakintunde@gmail.com
