Musa, Inuwa FodioMusa, Hassan2023-12-102023-12-102021-06-01Adekanmbi M.O. (2017). Causes and effects of banking distress in Nigeria banking industry. International Academic Journal of Accounting and Financial Management 4(1), 100- 105. Aman, E.E. (2019). Determinants of Financial Distress in Ethiopia Banking Sector. International Journal of Scientific and Research Publications, 9(5), 98-107. Aziz, M.A., & Dar, H.A. (2006). Predicting corporate financial Distress: Where we stand?. Corporate governance. The International Journal of Business in Society 6(1), 18-33. Babatunde, M.A. (2017). Foreign direct investment and export performance in Nigeria: a disaggregated analysis. International Journal of Sustainable Economy 9(2), 142-158. Baimwera, B., & Muriuki, A.M. (2014). Analysis of corporate financial distress determinants: A survey of non-financial firms listed in the NSE. International Journal of Current Business and Social Sciences 1(2), 58-80. Bashier, A.A., & Siam, A.J. (2014). Immigration and economic growth in Jordan: FMOLS approach. International Journal of Humanities Social Sciences and Education 1(9), 85-92. Becchetti, L., & Sierra, J. (2003). Bankruptcy risk and productive efficiency in manufacturing firms. Journal of Banking and Finance 27(11), 2099-2120. Benmelech, E., Bergman, N.K., & Enriquez, R.J. (2012). Negotiating with labor under financial distress. The Review of Corporate Finance Studies 1(1), 28-67. Campbell, J.Y., Hilscher, J.D., & Szilagyi, J. (2011). Predicting financial distress and the performance of distressed stocks. The Journal of Investment Management 9(2), 14-34. Chan, K.C., & Chen, N.F. (1991). Structural and return characteristics of small and large firms. The Journal of Finance 46(4), 1467-1484. Chancharat, N. (2008). An empirical analysis of financially distressed Australian companies: the application of survival analysis. Cheluget, J. (2014). Determinants of financial distress in insurance companies in Kenya. Prime Journal of Business Administration and Management (BAM) 4(1), 1319-1328. Devji, S., & Suprabha, K.R. (2016). Corporate financial distress and stock return: Evidence from Indian stock market. Nitte Management Review 10(1), 34-44.https://keffi.nsuk.edu.ng/handle/20.500.14448/710This study examines the determinants of financial distress of quoted deposit money banks in Nigeria. The study adopts ex-post facto research design. The population of the study is the 14 quoted DMBs in Nigeria as at 2019. Then, a non-probability method in form of judgmental/purposive sampling technique was used and 13 quoted DMBs were selected based on consistent data set. The data for the study were collected from the annual reports and accounts of the sampled banks for the period of ten (10) years spanning 2010 through 2019. This study made use of panel regression to analyze the data and found out that, firm size is significant negatively related to financial distress of quoted DMBs in Nigeria. In the case of profitability and financial distress, an insignificant positive effect was found. Financial leverage is insignificant and negatively related to financial distress of quoted DMBs in Nigeria. Liquidity is significant and positively related to financial distress of quoted DMBs in Nigeria. Based on the findings of the study, it is concluded that, banks ability to increase their assets based makes the banks to be more stable and thus reduces cases of financial distress. It is recommended among others that, quoted DMBs in Nigeria should make efforts towards increasing their assets based for better profitability and consequently reducing financial distress.enFinancial Distress, Firm Size, Profitability, Leverage, Liquidity, Quoted DMBs, Nigeria.DETERMINANTS OF FINANCIAL DISTRESS OF QUOTED COMMERCIAL BANKS IN NIGERIAArticle