DEPOSIT MONEY BANKS

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.