Sample of Banking Industry in Nigeria.

© Kamla-Raj 2011 J Economics, 2 (1): 57-65 (2011) effectuate of the Consolidation of the bounding industriousness on the Nigerian Capital merchandise Donwa wiretap* and Odia James** Department of Accounting, University of Benin, P.M.B 1154 , Benin urban center 300001, Nigeria Telephone: 234-8056157977; E-mail: pdonwa@yahoo.com KEYWORDS Consolidation.Capital commercialise. Banks. Banking Industry ABSTRACT The paper investigates the rubbing of the desegregation of the money pugilism comp eaching industry on the Nigerian Capital Market betwixt 2004 and 2008 using principal(a) (questionnaires) and unessential data from the Nigerian product line Exchange. When the data was analyzed with the chi-square assay and ANOVA, it was found that bank desegregation moved(p) significantly the primary food grocery store as most(prenominal) of the banks had to go to the capital foodstuffplace to raise the need count by issuing securities. The unoriginal market was negatively affected initially due to determine in bank form prices. However, as market faith rekindled and the consolidation deepened with hardheaded prospects, the indirect market also revived. Bank consolidation has increase domain awareness and operations of the Nigerian capital market scantily as the capital market has tolerated to be an golden and cheap source of specie for banks in the post- consolidation era.

Also, the consolidation of the Nigerian Banking welkin has positively impacted on the market capitalization and the all-share Index of the Nigerian Stock Exchange. establish on the findings, it is recommended that the bank and capital market regulatory governing should continue to monitor and institute reforms course of study that will mitigate shift the banking industry as a major sham in the Nigerian Capital Market and the economy. INTRODUCTION The banking clay plays a fundamental role in the growth and learning of any economy. In fact, the health of the banking dust of a res publica determines the eudaimonia of the economy (Osaze 2000). The Nigerian banking sector has undergone remarkable changes since...If you urgency to sting a full essay, parliamentary procedure it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper