The global phenomenon in the financial service industry is the consolidation of the financial activities towards ensuring financial stability. It is occurring at a rapid pace due to changes in economic environment, which often alter the constraints faced by financial service firms.
The main objective of this study is to examine the effect of recapitalization of banks on Nigerian economy. Secondary data was gathered from CBN statistical bulletin on GDP, bank capitalization, number of distressed banks, number of banks, from the year 1990-2007. The gathered data was analyzed using the multiple regression models on statistical package for social sciences (SPSS). The research showed a strong correlation coefficient between the dependent and the independent variables. Hence, our finding revealed that there is a significant and thus positive relationship between bank recapitalization, number of banks, number of distressed banks and GDP.
Hence, this research work recommends that there should be effective training and manpower development, asset management company (AMC), cross border merger, and the use of modern information and communication technology. These are to ensure stability, effectiveness and efficiency in the system. Thus, from the analyzed data and other findings, this research work concludes by recapitalization of banks as improved the Nigerian economy.
TABLE OF CONTENTS
Title of page i
Table of Contents vii-viii
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study 1 – 3
1.2 Problem Identification 3-4
1.3 Research Question 4-5
1.4 purpose of the study 5
1.5 Research Hypothesis 5-6
1.6 Research Methodology 6
1.7 Significance of the Study 6-7
1.8 Scope and Limitation 7 – 8
1.9 Plan of Study 8-9
1.10 Definition of Term 9-10
CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction 13-14
2.1 Evolution of banking in Nigeria 14-21
2.2 The Role of the Banking System in Economic 21-23
2.3 Historical Perspective of Recapitalization 23-27
2.4 Banking Sector Reform and Bank Consolidation 27-29
2.5 Facet in Reform and Conceptional Issues on
Consolidation in the banking Sector 29-30
2.6 Rationale for Banking System Reform in Nigeria 31-32
2.7 The Objectives of banking Sector Reform 32-34
2.8 Drives and Capital Success Issues in the
Banking Consolidation 34-36
2.9 Nigerian Banking Industry Consolidation 36-39
2.10 The Challenges of Consolidation 39-41
2.11 Banks that met the N25 Billion Minimum capital
requirement and the Banks constituting each group 41-43
2.12 Selected Literature Review 43-44
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction 47
3.2 Re-statement of Hypothesis 47-48
3.3 Re-statement of Model 48
3.4 Nature and Source of Data 48-49
3.5 Method of Analysis 49
3.6 Scope and Limitation 49-50
CHAPTER FOUR: ANALYSIS OF DATA AND DISCUSSION OF RESULT
4.1 Introduction 53
4.2 Presentation of Result 53-54
4.3 Discussion of Result 54-56
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Introduction 57
5.2 Summary 57-58
5.3 Conclusion 58-59
5.4 Recommendation 59-60
5.5 Suggestion for Further Study 61
Bibliography 62 – 64
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