Publisher: University of Calabar

The Effect of Globalization On Banking Operations In Nigeria

Akowe Achimugu, Acho Yunusa, Audu Joel Samson
KEYWORDS: Globalization, Banking Operations, Foreign Direct Investment, Technology and Liberalization

ABSTRACT:

Every organization whether profit oriented or not, operates within the conditions of resources constraint. Hence, exploring optimal measures towards efficiency and improved service output especially in this era of global stiff competitiveness requires vigorous mechanisms to flourish in the global scene. This paper titled “the effect of globalization on banking operations in Nigeria’’ is written to examine the effect of globalization on banking operations and the extent to which it has enhance the economic fortunes of the nation and the citizens. The researchers explore data from both primary and secondary sources while analysis was made using regression tool with the aid of SPSS. The paper concludes that globalization has improved banking operations in Nigeria and it has integrate Nigeria banking sector thus recommends that Nigerian government should formulate macroeconomic policies to enable domestic banks complete favorably with foreign banks.

Every organization whether profit oriented or not, operates within the conditions of resources constraint.
Hence, exploring optimal measures towards efficiency and improved service output especially in this era of
global stiff competitiveness requires vigorous mechanisms to flourish in the global scene. This paper titled
“the effect of globalization on banking operations in Nigeria’’ is written to examine the effect of
globalization on banking operations and the extent to which it has enhance the economic fortunes of the
nation and the citizens. The researchers explore data from both primary and secondary sources while
analysis was made using regression tool with the aid of SPSS. The paper concludes that globalization has
improved banking operations in Nigeria and it has integrate Nigeria banking sector thus recommends that
Nigerian government should formulate macroeconomic policies to enable domestic banks complete
favorably with foreign banks.


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