Effect of the Nigerian Stock Market Meltdown on the Profit After Tax of Listed Deposit Money Banks (DMBs) in Nigeria: An Empirical Analysis
| dc.contributor.author | Mairafi, Salihu Liman | |
| dc.date.accessioned | 2023-12-10T17:48:42Z | |
| dc.date.available | 2023-12-10T17:48:42Z | |
| dc.date.issued | 2011-09-12 | |
| dc.description.abstract | The gains of the Nigerian banking sector capitalization that climaxed in 2005 can no longer be guaranteed because the Nigerian stock market meltdown that started towards the end of the first quarter of 2008 has severely affected the capitalization of the banking sector through the erosion of their market value. The study ascertained the impact of the stock market meltdown on the profitability of listed DMBs in Nigeria. The study relied heavily on secondary data collected through the NSE factbook and the annual reports of sample DMBs. The simple regression analysis revealed that the profit after tax of DMBs is not significantly influenced by the Nigerian stock market meltdown. Consequently, it was recommended that banking regulation in Nigeria should be operated in a global and liberalized financial system. | en_US |
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| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/937 | |
| dc.language.iso | en | en_US |
| dc.publisher | Department of Banking & Finance, Nasarawa State University, Keffi | en_US |
| dc.subject | stock market meltdown, profit after tax, DMBs | en_US |
| dc.title | Effect of the Nigerian Stock Market Meltdown on the Profit After Tax of Listed Deposit Money Banks (DMBs) in Nigeria: An Empirical Analysis | en_US |
| dc.type | Article | en_US |