DEPOSIT MONEY BANKS

This study investigated artificial intelligence applications in relation to financial reporting quality among deposit money banks in Nigeria. The specific objectives were to examine the extent to which artificial intelligence accounting, artificial intelligence data analytic, artificial intelligence auditing and artificial intelligence predictive applications have influence on financial reporting quality of deposit money banks in Nigeria. This study was a field survey for the year 2025. A total of 2,839 accountants, auditors and management staff constituted the population size, while 351 staff of deposit money banks in Benin City of Edo state formed the sample size by employing stratified and purposive sampling selection techniques. It was a quantitative research design and the main instrument used in collecting data was questionnaire administration. The statistical techniques employed include descriptive statistics, Pearson correlations, variance inflation factor and least squares regression method. The study found that artificial intelligence accounting, data analytic and predictive applications have significant positive t-statistics value of 2.480, 2.441 and 2.796 with a probability value of 0.010 (1%), 0.010 (1%) and 0.005 (0.5%) respectively. It was also revealed that artificial intelligence auditing applications has no significant influence on financial reporting quality among deposit money banks in Nigeria but has positive t-statistics value of 1.634 with a probability value of 0.103 (10%). Thus, the study concluded that artificial intelligence applications in accounting, data analytics, auditing and predictive analytics are critical in facilitating enhancement in financial reporting quality among deposit money banks. It therefore recommended that organisations should take advantages of artificial intelligence innovation by training and developing their accountants, auditors and senior managers in areas of financial transactions analyses and prediction to enhance financial reporting quality for the interest of stakeholders.

The study examines the impact of deposit money banks activities on industrial development in Nigeria. The study was embarked upon given the vital role played by the deposit money banks in the growth and development process of developing countries, like Nigeria were the banking sector is the main pillar of financial system. In specific terms, it examines the impact of: credit to the private sector (CRP), interest on loans and advances (ILA), bank lending rate (BL) and inflation rate (INF) on industrial development (INDO). The regressant, industrial development which is proxy by industrial output (INDO), was regressed on the regressors – credit to the private sector (CRP), interest on loans and advances (ILA), bank lending rate (BL) and inflation rate (INF). Using EViews 9.0 econometric package, the ordinary least squares (OLS) regression equation for a time series data of 41-years range, 1981 to 2021. Overall, the study's findings appear to provide evidence that credit to private sector is a critical factor influencing industrial sector development in Nigeria, whereas interest on loans and advances, bank lending rate and inflation rate were found not to be critical factors influencing the development of Nigeria's industrial sector. Based on the findings, the study recommends that the managers of industries should continue to take advantage of bank loans and other debt instruments in order to boost their performance significantly. In addition, industrialists should depend more on local sources of raw materials in order to reduce their foreign exchange cost. Also, inflation rate targeting policy to ensure that the level of inflation remains within acceptable and productive level should be sustained

The need for businesses to ensure achievement of set performance objectives and survive the complex, dynamic and highly competitive business environment are among the factors that made Accounting Information System (AIS) relevant in financial performance and business management. Question on the capability of accounting information generated to improve financial performance has been raised in past studies. This study examined the effect of AIS on the financial performance of Deposit Money Banks (DMBs) in Nigeria. The study adopted a survey research design with the employees of all licensed commercial DMBs in Nigeria as the study population. The sample size comprised Thirteen (13) DMBs in the operations, information technology, finance and control functions. The data collected through the use of secondary data were analysed using descriptive and inferential statistics using the ordered logistic regressions. The study established that there was a significant positive effect of AIS
on financial performance (β=1.946, 1.815, 2.596 and 4.310;W (402) =5.195, 4.756,12.872 and 26.303; p= 0.023, 0.029, 0.000 and 0.000;R2 = 0.464).The study concluded that accounting information system contributed significantly to financial performance across all DMBs in Nigeria and that AIS practices are similar in DMBs in Nigeria. The study recommended that management of DMBs should consider improvement of AIS an ongoing process and carry out periodic evaluation of investment in technology relating to accounting information. It also recommended that regulators should improve on policy guidelines on the processing of accounting information that will ensure faithfully represented output.