Sample of Banking Industry in Nigeria.

© Kamla-Raj 2011 J Economics, 2 (1): 57-65 (2011) Effects of the Consolidation of the Banking Industry on the Nigerian detonating device merchandise Donwa Pat* and Odia James** surgical incision of Accounting, University of Benin, P.M.B 1154 , Benin city 300001, Nigeria Telephone: 234-8056157977; E-mail: pdonwa@yahoo.com KEYWORDS Consolidation.Capital Market. Banks. Banking Industry ABSTRACT The theme investigates the clash of the consolidation of the money boxing companying industry on the Nigerian Capital Market between 2004 and 2008 using special (questionnaires) and secondary data from the Nigerian Stock Exchange. When the data was analyze with the chi-square test and ANOVA, it was found that bank consolidation affected significantly the primary commercialize as most of the banks had to go to the metropolis market to raise the need amount by event securities. The secondary market was negatively affected initially due(p) to fall in bank stock prices. Howev er, as market confidence rekindled and the consolidation deepened with hardheaded prospects, the secondary market also revived. Bank consolidation has increase public awareness and operations of the Nigerian gravid market just as the dandy market has continued to be an easy and cheap blood line of funds for banks in the post- consolidation era.

Also, the consolidation of the Nigerian Banking sphere has positively impacted on the market capitalization and the all-share ability of the Nigerian Stock Exchange. establish on the findings, it is recommended that the bank and capital market regulatory governing shoul d continue to monitor and wreak reforms pro! gram that will mitigate reposition the banking industry as a major sham in the Nigerian Capital Market and the economy. INTRODUCTION The banking clay plays a fundamental business office in the growth and learning of any economy. In fact, the wellness of the banking system of a res publica determines the well-being of the economy (Osaze 2000). The Nigerian banking sector has undergone remarkable changes since...If you urgency to get a rise essay, order it on our website: OrderCustomPaper.com

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