THE IMPACT OF GLOBALISATION ON THE NIGERIAN BAKING INDUSTRY

THE IMPACT OF GLOBALISATION ON THE NIGERIAN BAKING INDUSTRY

ABSTRACT

This study examined the impact of globalisation on the Nigeria banking industry. The major objectives was to determine the impact economic globalization on the efficiency of the Nigeria banks, to determine the affects of globalisation on the profits of Nigeria banks and to examine how globalization have influenced the contribution of the banking sector to the growth of the Nigeria economy. Research hypothesis were raised and tested through the use of Simple Linear Regression model. After the test of the hypothesis, it was discovered that Economic globalization does not have a positive significant impact on the efficiency of Nigerian banks, Economic globalization does not have a positive significant impact on the profitability of Nigerian banks and Economic globalization has not positively influenced the contribution of the banking sector to the growth of the Nigerian economy. Based on the findings and recommendations, it was recommended that the Central Bank Nigeria apart from the responsibility for broader monetary policies, its key role is to ensure that the banking system operates in a prudent and efficient manner so as to avoid financial crises. It does this through laying down the rules for the establishment of new banks and stipulating monitoring procedures to ensure proper accounting and auditing. Government should restrict cross country capital flows. Government can mitigate the cost of volatile capital flows, reducing excessive risk taking and making market less vulnerable to external shocks, and still pursue integration with international financial market.  Profitability of Nigerian the effects of globalisation.