IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 4 NO. 4 2019

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Effect of Global Financial Crisis on the Nigerian Banking Industry (A Case Study of Access Bank and First Bank )

Godwin-Maduike Chinwe .C (Phd Student) AND Dr. Ugochukwu J. Nwoye, PROF.I. Okoye

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Abstract

The purpose of this study is to analyze the effect of the global financial crisis on the Nigerian banking Industry. The research work adopted ordinary least square method of econometric techniques to evaluate whether or not their existed a negative, positive or neutral relationship among variables of interest. The study was carried out in two banks in Lagos state and employed secondary data. Specifically, it holds that the global financial crisis had a negative or reverse effect on the Nigerian banking sector. Hence, the research concluded by suggesting economic policies that could restore the economy to full stability as well as adequately insulate the economy against future financial crisis. The study recommends that policy makers should evolve comprehensive measures to address the crisis at the national level and in any case to bring about a return to stability in the international financial system.

keywords:

Financial crises, causes of financial crises and effect of financial crises

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