MERGER AND ACQUISITION IN NIGERIA BANKING INDUSTRY EMPIRICAL STUDY OF THE FIRM PERFORMANCE


  • Department: Business Administration and Management
  • Project ID: BAM2658
  • Access Fee: ₦5,000
  • Pages: 67 Pages
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1,127
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ABSTRACT

In order to strengthen the competitive and operational capabilities of banks in Nigeria with a view towards returning global and public confidence to the Nigerian banking sector and the economy in general, the Central Bank of Nigeria instituted a banking reform in 2004, which saw most of the then existing 89 banks merging with each other. This paper evaluates the impact of mergers and acquisitions on performance of Banks in Nigeria. To do this, pre-merger and post-merger financial statements of consolidated banks were obtained, adjusted, carefully analyzed and compared.

      Mergers and acquisitions in the Nigerian banking sector are reform strategies recently adopted to reposition the banking sector. These were done to achieve improved financial efficiency, forestall operational hardships and expansion bottlenecks. The impact of consolidation on bank structure has been obvious, while its impact on bank performance has been harder to discern. The government policy-promoted bank consolidation rather than market mechanism has been the process adopted by most developing or emerging economies and the time lag of the bank consolidation varies from nation to nation. 

     Following the outcome of the Special Joint Examination by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC), ten banks were indicted, out of which two were asked to recapitalize, while the Chief Executive Officers (CEOs) and Directors of the remaining eight were removed by CBN based on mismanagement and poor corporate governance. 




TABLE OF CONTENTS
      PAGE 
Title Page i
Certification ii
Dedication iii
Acknowledgement iv
Table of Contents v
List of Table vii
Abstract viii
CHAPTER ONE: INTRODUCTION
Background of the Study 1
Statement of Problem 6
Objectives of the Study 7
Research Question 8
Research Hypothesis 9
Scope and Limitation of the Study 9
Significance of the Study 10
Definition of the Terms 10
CHAPTER TWO: LITERATURE REVIEW
2.1 Introduction 12
2.2 Concept of Performance Evaluation 17
2.3 Approaches to Performance Evaluation 20
2.4 Quantitative Evaluation of Merger and Acquisition 22
2.5 strength and weakness 23
 CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction 28
3.2 Research Design 28
3.3 Population of the Study 28
3.4 Sampling Size and Sampling Technique 29
3.5 Data Collection Instrument 29
3.6 Questionnaire Design 30
3.7 Data Presentation and Analysis of Data 30
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1 Introduction 32
4.2 Profitability ratio for FBN Merchant bank 32
4.3 Profitability ratios for MBC International bank 35
4.4 Profitability ratio for First Bank Nigeria plc 37
4.5 Analysis and discussion of findings 40
CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATION
5.1 Introduction 47
5.2 Summary of Findings 47
5.3 Discussion of Findings 48
5.4 Conclusion 48
5.5 Recommendation 49
5.6 Suggestion for further studies 51
            Bibliography 52
           Questionnaire 58
  • Department: Business Administration and Management
  • Project ID: BAM2658
  • Access Fee: ₦5,000
  • Pages: 67 Pages
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1,127
Get this Project Materials

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