NIGERIA'S BANKING SECTOR REFORMS AND COMMERCIAL BANKS' PERFORMANCE: A SIMPLE TEST OF THE MODIFIED PANTULA PRINCIPLE
This study examined the achievement of organizational goals by deposit money banks following the period of banking sector reform. Annual time series data from the banking industry and the Nigerian economy for the period 1990 to 2020 were used to implement a simplified version of the modified Pantula Principle (an improved cointegrating technique). Three sets of reforms and bank performance measures, including bank-specific, industry-specific, and macroeconomic indicators, were identified and adopted. The empirical findings obtained from our analysis revealed that there are no long-run connections between selected performance measures and some bank-specific, industry-specific, and macroeconomic variables, implying that the reforms had no long-term impact on the statutory achievement of the banks' goals in Nigeria during and beyond the era.
Keywords: Pantula Principle; Banking Sector Reforms; Banks' Performance; Nigeria.
JEL Classification : C18,G21,G28
Copyright (c) 2023 Bernhard O. ISHIORO, Ph.D
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