The Effect of Interest and Non-Interest Income on the Profitability of Banks in Nigeria

Abstract

International Journal of Research Publication and Reviews, Vol 5, no 2, pp 317-322 February 2024 International Journal of Research Publication and Reviews Journal homepage: www.ijrpr.com ISSN 2582-7421 The Effect of Interest and Non-Interest Income on the Profitability of Banks in Nigeria 1Obadiaru Eseosa David, 2Ogunyemi Ayobami Elizabeth Department of Accounting, College of Business and Social Sciences, Landmark University, Omu-Aran, Nigeria ABSTRACT The study focuses on the analysis on the impact of interest and non-interest income on profitability of Money deposit banks in Nigeria. Secondary data was used for the study and were gotten from annual reports of the selected banks. The study spans a period of 12 years from 2010-2021. Descriptive and inferential statistics were used to analyze the data. generalized linear model (GLM) were used in testing these hypotheses. The findings of the study include that there is a significant relationship between interest income and profitability and an insignificant relationship between non-interest income and profitability. The study recommends that banks should make policies that will attract both interest and non-interest income to the banking industry in Nigeri