Nigerian Journal of Banking and Financial Issues (NJBFI)

Effect Of Monetary Policy On Deposit Liabilities Of Commercial Banks In Nigeria

Authors

  • Segun D. OWOEYE Author
  • Sunday O. KAJOLA Author
  • Oluwatosin J. OYETAYO Author
  • Segun A. OSHADARE Author

Keywords:

Monetary Policy, Interest Rate, Cash Reserve Ratio (CRR), deposit money banks

Abstract

This study examined the effect of monetary policy on the financial performance of deposit money banks in Nigeria over a period of 19 years between 2000 and 2018. Specifically, the study established the effect of interest rate (INT) and cash reserve ratio (CRR) on the financial performance of deposit money banks. Secondary data were sourced from CBN statistical Bulletin. Being a time series data, the Autoregressive Distributed Lag Model (ARDL) regression technique was employed. The findings of the study indicated that interest rate and cash reserve ratio influenced the performance of banks in terms of their deposit liabilities.  The study recommends that governments should ensure good and stable monetary policy in Nigeria such that deposit money banks’ performance can be enhanced in Nigeria.

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Published

2026-01-08

Issue

Vol. 9 No. 1 (2023): Nigerian Journal of Banking and Financial Issues (NJBFI)

Section

Articles