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Returns on Investment of Deposit Money Banks (DMBs) in Nigeria
Adegboye, Folasade Bosede
Department of Banking and Finance
School of Business
College of Development Studies
Covenant University, Ota. Nigeria
sadeadegboye@
+2348029079384; +2347032678252
Olowe, Olusegun
Department of Banking and Finance
School of Business
College of Development Studies
Covenant University, Ota. Nigeria
olu.******@
oreoba2000@
+2347034572010; +2348071026249
and
Uwuigbe, Olubukunola
Department of Accounting
School of Business
College of development Studies
Covenant University, Ota.
bukkyoau@
+2348051606969; +2348167493052
Abstract
This paper provides an in-depth study on the history and evolution mercial Bank characteristic factors and other Macroeconomic variables on the financial industry performance indices in Nigeria from 1977 to 2010. The work employed a 3-stage procedure in the assessment mercial Bank characteristic factors and other Macroeconomic variables on Total Credit, Investment, mercial Bank Lending and Deposit Rate. The essence is to assess the impact of environmental factors on efficiency mercial banks in Nigeria within the period of study. While investigating relationships between bank efficiency and bank specific factors such as lending rate, deposit rate, Liquidity, Cash Reserve, and Inflation and also the impact of bank efficiency on those bank level factors as well as financial deepening. The study using econometrics approach revealed that apart from credit risk, Lending, Deposit rates, and Investments are associated with large bank size as evident in work of branches. The results indicated that Returns and Profitability mercial Banks are significantly affected by Macroeconomic variables and other characteristic factors. As such macroeconomic policies is likely to promote low inflation while stable output growth may boost credit expansion to the benefit of the Nigerian economy.
Keywords: Banks, Profitability, Econo