ABSTRACT
This study examines the performance of the bank reforms and the consolidation on the Nigerian economy arising from the recently concluded banking reforms programmes. It notes that since the consolidation programmes was policy induced, the eighteen (18) months given for total compliance appeared in adequate, given the number of activities required for mergers and compliance and acquisition to be successfully harnessed. The research methods were descriptive survey methods. It also involves the administration of questionnaire on the people or respondents on the banking sectors. For the purpose of analysis, simple percentage was used as statistical tools to answer the research questions. Also, chi-square was used as the techniques of data for testing the hypothesis.
In view of the findings, it was noted that the fourteen (14) banks were liquidated as a result of their inability to meet up the N25 Billion capital bases which in turn lead to more the 5,000 job losses. However, towards fully harnessing synergies and potential of the consolidation exercise, the study calls for continuous training and re-training of bank employees as well as proper handling of post – consolidation challenges.
TABLE OF CONTENTS
Pages
Title pagei
Certificationii
Dedication iii
Acknowledgementiv
Abstractv
Table of contentvi
CHAPTER ONE: INTRODUCTION
1.0Background of Study1
1.1Pre – Consolidation Background of the Banking Industry2
1.2Statement of the Study3
1.3Purpose of the Study4
1.4Research Questions5
1.5Research Hypothesis5
1.6Significance of Study6
1.7Limitation of Study6
1.8Definition of Terms7
Reference 8
CHAPTER TWO: LITERATURE REVIEW
2.0Introduction9
2.1Theoretical Framework10
2.2Structure of the Nigerian banking industry
before consolidation14
2.3Gains of the banking Consolidation and Recapitalization16
2.4Trends in banking consolidation18
2.5Emergence of the 25 Nigerian Banks19
2.6Benefits of Merger and Acquisition in the Banking Industry24
2.7Effects of Banking Consolidation on the various
Economic Sectors26
2.8Pre-consolidation and Post – consolidation challenges
in the banking industry41
2.9Pre – consolidation issues41
2.10Post-consolidation challenges44
References
CHAPTER THREE: RESEARCH METHODOLOGY
3.0Introduction50
3.1Restatement of the Research questions and Hypothesis51
3.2Research hypothesis Revisited51
3.3Characteristics of the Study Population52
3.4Sampling Design and Procedure53
3.5Procedures for Processing and Analyzing Data Collected54
3.6Limitations of the Methodology54
References
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.0Introduction56
4.1Demographic Statistics or Profile of Respondents57
4.2Analysis of Database on Section Two of the Questionnaire66
4.3Summary70
4.4Hypothesis Testing70
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.0Summary of Findings74
5.1Conclusions75
5.2Recommendations77
Bibliography79
Appendix82
Questionnaire83