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 page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE: INTRODUCTION
1.0 Background of Study 1
1.1 Pre – Consolidation Background of the Banking Industry 2
1.2 Statement of the Study 3
1.3 Purpose of the Study 4
1.4 Research Questions 5
1.5 Research Hypothesis 5
1.6 Significance of Study 6
1.7 Limitation of Study 6
1.8 Definition of Terms 7
Reference 8
CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction 9
2.1 Theoretical Framework 10
2.2 Structure of the Nigerian banking industry
before consolidation 14
2.3 Gains of the banking Consolidation and Recapitalization 16
2.4 Trends in banking consolidation 18
2.5 Emergence of the 25 Nigerian Banks 19
2.6 Benefits of Merger and Acquisition in the Banking Industry 24
2.7 Effects of Banking Consolidation on the various
Economic Sectors 26
2.8 Pre-consolidation and Post – consolidation challenges
in the banking industry 41
2.9 Pre – consolidation issues 41
2.10 Post-consolidation challenges 44
References
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Introduction 50
3.1 Restatement of the Research questions and Hypothesis 51
3.2 Research hypothesis Revisited 51
3.3 Characteristics of the Study Population 52
3.4 Sampling Design and Procedure 53
3.5 Procedures for Processing and Analyzing Data Collected 54
3.6 Limitations of the Methodology 54
References
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.0 Introduction 56
4.1 Demographic Statistics or Profile of Respondents 57
4.2 Analysis of Database on Section Two of the Questionnaire 66
4.3 Summary 70
4.4 Hypothesis Testing 70
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.0 Summary of Findings 74
5.1 Conclusions 75
5.2 Recommendations 77
Bibliography 79
Appendix 82
Questionnaire 83
