BANK

The purpose of this study was to ascertain the effect of bank profitability on economic growth in Nigeria. However, in order to achieve the objectives of this study, we utilised four explanatory variables as proxies for bank profitability (credit to private sector, bank loans, bank return on assets and total assets to GDP) while real gross domestic product was used as a proxy for economic growth in Nigeria. The study covered a time period of 1995-2020 (26years). The descriptive statistics and regression analysis technique were adopted in carrying
out the study’s empirical analysis Based on the empirical analysis, the following findings were arrived at: firstly, the study ound that there is a positive and insignificant relationship credit to private sector and economic growth in Nigeria; second, the study found that bank loans have a significant effect on economic growth in Nigeria; third, bank return on assets have an insignificant effect on economic growth in Nigeria; and finally, total assets to GDP was found to have a positive and significant effect on economic growth in Nigeria. In view of the salient findings from this study, the following specific policy recommendations were put forth: banks in Nigeria should lend more to the private sector as doing so ensures they are lending to sectors that are likely to generate more income the loans granted which will culminate into a multiplier
effect of enhanced economic growth performance in the long run; the apex monetary authority in Nigeria (CBN) should ensure that banks are regulated to give out more proportion of their income as loans to individuals, private sector and public sector; banks should not leave customers’ deposits idle but should invest a large chunk of it on risk-free securities such as government bonds as well other risky securities with the adoption of effect risk management mechanism; and efforts should be made by banks to maintain continuous increase in their
assets which could be by diversifying, opening more branches, among others.

The study examined the relationship between ownership structure and bank performance covering a period of 10 years spanning from 2014 to 2023. The specific objectives of the study were to examine the effect of foreign ownership bank performance, the effect of institutional ownership on bank performance, the effect of float ownership on bank performance, the effect of government ownership on bank performance, and the effect of family ownership on bank performance. To this end, the study employs a panel data regression approach, sampling 12 banks from all listed banks in the Nigeria stock exchange as at December, 2024. The analysis covered the descriptive statistics of the variables, followed by correlation analysis then the panel OLS regression analysis. The findings revealed that institutional ownership has a positive but insignificant impact on bank performance, that government ownership has a significant negative impact on bank performance, that family ownership has a negative and insignificant impact on bank performance, that foreign ownership does not have a significant impact on bank performance, and lastly, float ownership has no significant impact on bank performance in Nigeria.The study concludes that empirical evidence on the relationship between ownership structure and financial performance of Nigerian banks has been provided, recommending, among others, that in order to successfully improve firm performance and profitability, institutional owners should diversify their investment strategies, governments should privatize state-owned enterprises and implement governance reforms, governments should simplify regulatory frameworks to attract foreign investment, firms should promote investor education and engagement, and family-owned firms should develop succession planning and establish clear governance structures.

This study examined the impact of information technology (IT) on accounting systems in selected organizations in Edo State, Nigeria. Specifically, it assessed the effects of technological innovation, technological skills, technological drawbacks, and labour cost reduction on accounting system performance, including efficiency, accuracy, and reliability of financial reporting. The study adopted a quantitative research design, utilizing structured questionnaires administered to 384 accountants, auditors, and finance officers. Data were analyzed using descriptive statistics and multiple regression analysis. The findings revealed that technological innovation and technological skills positively and significantly enhance the performance of accounting systems, while technological drawbacks, such as system failures and cyber threats, negatively influence system efficiency. Additionally, automation and IT integration were found to significantly reduce labour costs, thereby improving productivity and operational efficiency. The regression results indicated that approximately 65.9% of the variation in accounting system performance is explained by the combined effects of the IT-related factors studied. The study concludes that information technology plays a crucial role in modernizing accounting operations, improving data accuracy, and facilitating decision-making.