Olaosebikan, \u2709, Bukola

Pana, Faculty Advisor, Elisabeth

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Illinois Wesleyan UniversityDigital Commons @ IWUJohn Wesley Powell Student ResearchConference 2007, 18th Annual JWP ConferenceApr 14th, 2:35 PM - 3:35 PMRevolutionary Reforms in the Nigerian BankingSector: The Effects on Profitability and Cost ofIntermediationBukola Olaosebikan, '09Illinois Wesleyan UniversityElisabeth Pana, Faculty AdvisorIllinois Wesleyan UniversityFollow this and additional works at: http://digitalcommons.iwu.edu/jwprcThis Event is brought to you for free and open access by The Ames Library, the Andrew W. Mellon Center for Curricular and FacultyDevelopment, the Office of the Provost and the Office of the President. It has been accepted for inclusion in Digital Commons @ IWU bythe faculty at Illinois Wesleyan University. For more information, please contact digitalcommons@iwu.edu.©Copyright is owned by the author of this document.Bukola Olaosebikan, '09 and Elisabeth Pana, Faculty Advisor, "Revolutionary Reforms in the Nigerian Banking Sector: TheEffects on Profitability and Cost of Intermediation" (April 14, 2007). John Wesley Powell Student Research Conference.Paper 28.http://digitalcommons.iwu.edu/jwprc/2007/posters2/28THE JOHN WESLEY POWELL S TUDENT RESEARCH CONFERENCE - APRIL 2007 Poster Presentation P60 REVOLUTIONARY REFORMS IN THE NIGERIAN BANKING SECTOR: THE EFFECTS ON PROFITABILITY AND COST OF INTERMEDIATION Bukola Olaosebikan and Elisabeth Pana* Business Administration Department, Illinois Wesleyan University In July 2004, the chairperson of the Nigerian Central Bank announced a 1 150% increase in the minimum capital requirement for banks operating in Nigeria, from less than N2 billion to more than N25 bil lion. This paper examines the wave of mergers and acquisitions, initial public offerings and bank liquidations initiated by the regulatory change and its impact of the cost of intermediation and profitability. Finally, we identify some of the differences between the two sub-samples - banks that achieved the stipulations aforementioned ad novo legislation (through M&As or IPOs) and banks that failed as a direct result of the new rule. 

Revolutionary Reforms in the Nigerian Banking Sector: The Effects on Profitability and Cost of Intermediation

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Revolutionary Reforms in the Nigerian Banking Sector: The Effects on Profitability and Cost of Intermediation

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