ABSTRACT

This research work explores Mergers and Acquisition as viable

options for survival of companies in Nigeria. It covers the

Nigerian financial sector, taking Access Bank as a case study.

Merger is defined as any combination or joining of two or more

firms while Acquisition is the outright purchase of one

company of the controlling interest in the share capital of

another company. The objective of this research work is to

show whether Merger and Acquisitions are viable option, for

survival of Nigeria banks; ascertain if Merger and Acquisition

of banks help to increase profitability and growth in the

financial sector and to determine if merger and acquisition

will ensure a diversified, strong and reliable banking sector.

Three hypothesis were stated in line with the objectives. The

research methodology and design is covered in chapter three

(3). In carrying the research, primary and secondary source of

data were used. This includes the use of questionnaires,

journals and others. The questionnaire from different levels

and braches of Access Bank Plc in Umuahia. The population

size is 68 staff and the sample size which was derived using

the Yaro Yemevis formula is 58 staff. In chapter four, the

research question was analyzed using simple percentage and

the hypothesis stated are tested with the chi-square (X2)

statistical tool from the result interpreted, we found out that

the Merger and Acquisition are viable options for survival of

Nigerian companies and that they will ensure a diversified,

strong and reliable banking sector. In conclusion, the

researcher found out that Merger and Acquisition will

strengthen Nigeria banks and will build a banking system,

which is strong, competitive and reliable. The researcher

recommends that the regulatory authorities should ensure

strict adherence to the rules and regulations guiding Merger

and Acquisition to ensure its effectiveness. Also, an

examination on the operation of banks should be carried out

from time to time to serve as a check against fraudulent and

corrupt practices of banks