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ZENODO
Other literature type . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Other literature type . 2024
License: CC BY
Data sources: Datacite
ZENODO
Other literature type . 2024
License: CC BY
Data sources: Datacite
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THE EFFECT OF BANKING REFORMS ON THE SOUNDNESS OF NIGERIAN BANKING SYSTEM AND THE CONTRIBUTION OF THE BANKING INDUSTRY TO THE NIGERIA ECONOMY

Authors: Seybold Report Journal;

THE EFFECT OF BANKING REFORMS ON THE SOUNDNESS OF NIGERIAN BANKING SYSTEM AND THE CONTRIBUTION OF THE BANKING INDUSTRY TO THE NIGERIA ECONOMY

Abstract

Abstract This study looked at how banking reforms affected Nigeria's economic growth. The banking industry is one of Nigeria's most heavily regulated industries. It contributes significantly to the country's economic progress. The nature of growth and the system's efficiency both have an impact on economic growth. Data for the study were obtained from the Central Bank of Nigeria's Statistical Bulletins, National Bureau of Statistics publications, and Deposit Money Bank annual reports. Methodology: Time Serial Ordinary Least Squares (OLS) Several relapses were used in the study. The data show that bank reform boosts economic growth in Nigeria. Results: Business banks' presentation influences monetary development utilizing information from Nigeria. Also, Bank Credit exerts positive and significant impact on economic growth in Nigeria. Recommendation: The monetary authorities should constantly examine the Minimum Capital Base of banks when implementing banking reforms because it has the potential to stimulate Nigerian economic growth. He also proposed that credit to the private sector be guided to ensure proper implementation. According to the studies, credits to the private sector should be targeted at need groups in order to have an impact on the economy. Keywords: Banking Reforms; commercial banks’ performance;NigeriaEconomy Growth; Credits; private sector lending.

Keywords

Banking Reforms; commercial banks' performance;NigeriaEconomy Growth; Credits; private sector lending.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average