J. OBAYAGBONA

The study empirically examined the impact of electronic banking on deposit money banks performance in Nigeria for the period 2009 to 2023. The specific objectives of the study were to examined the impact of mobile banking (MBANK), internet banking (IBANK), point of sales terminal (POS) and automated teller machine (ATM) on deposit money banks performance. The fully modified least square econometric technique was employed for analysis of data and the results obtained indicate that mobile banking (MBANK) and point of sales terminal (POS) has significant negative impact on deposit money banks performance; internet banking (IBANK) and has significant positive relationship with deposit money banks performance; while automated teller machine (ATM) has a weak negative impact on deposit money banks performance in Nigeria. The study therefore conclude that, in the determination of deposit money banks performance (DMBP), MBANK, IBANK and POS are major factors to be considered by
management, policy makers and the government. These variables must not be ignored in policy decision making otherwise, it will spell doom for the Nigerian banking industry.

The study empirically examined the contribution ofinsurance companies to the growth ofsmall and medium scale enterprises in Nigeria for the period 1986 to 2022. The specific objectives were to find out whether insurance premium (INPR), insurance investment rate (INVR),insurance penetration (INPEN) and insurance assets (INASS) significantly impact small and medium scale enterprise growth in Nigeria. The Unit root test and the ordinary least square (OLS) econometric technique were used in the analysis and the results specifically indicate that insurance premium (INPR) has a strong positive impact on SME growth; insurance investment rate (INVR) has significant negative impact on SMEs growth; while insurance penetration (INPEN) and insurance assets (INASS) do not have any significant impact on small and medium scale enterprise growth in Nigeria. The study conclude that insurance premium and insurance investment rate are the main factors affecting SMEs growth in Nigeria within the period of investigation. The study therefore recommends among others that, governments should develop and implement coherent insurance friendly policies that will enable SMEs to compete and survive on a commercial footing. It should avoid pursuing policies and enacting laws and regulations that would create disincentives to SMEs growth. Also, management should re-strategize on how to expand current insurance firms’ coverage areas in the country by developing more clients-orientedproducts that would attract more Nigerian who hitherto never purchase insurance policy. This will go a long way to ensure that insurance penetration significantly affect SMEs growth in Nigeria.

The study empirically examined the contribution of insurance companies to the growth of small and medium scale enterprises in Nigeria for the period 1986 to 2022. The specific objectives were to find out whether insurance premium (INPR), insurance investment rate (INVR), insurance penetration (INPEN) and insurance assets (INASS) significantly impact small and medium scale enterprise growth in Nigeria. The Unit root test and the ordinary least square (OLS) econometric technique were used in the analysis and the results specifically indicate that insurance premium (INPR) has a strong positive impact on SME growth; insurance investment rate (INVR) has significant negative impact on SMEs growth; while insurance penetration (INPEN) and insurance assets (INASS) do not have any significant impact on small and medium scale enterprise growth in Nigeria. The study conclude that insurance premium and insurance investment rate are the main factors affecting SMEs growth in Nigeria within the period of investigation. The study therefore recommends among others that, governments should develop and implement coherent insurance friendly policies that will enable SMEs to compete and survive on a commercial footing. It should avoid pursuing policies and enacting laws and regulations that would create disincentives to SMEs growth. Also, management should re- strategize on how to expand current insurance firms’ coverage areas in the country by developing more clients-oriented products that would attract more Nigerian who hitherto neverpurchase insurance policy. This will go a long way to ensure that insurance penetration significantly affect SMEs growth in Nigeria.