ABSTRACT
This research work explores mergers and acquisitions 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 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 Acquisitions will ensure a
diversified, strong and reliable banking sector. Three hypotheses were stated
in line with the objective. The research methodology and design is covered in
chapter three (3). In carrying the research, primary and secondary sources of
data were used. This includes the use of questionnaire, journals, and others.
The questionnaire from different levels and branches 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
questions are 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 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 Mergers and Acquisition to ensure its effectiveness. Also,
an examination on the operations of banks should be carried out from time to
time to serve as a check against fraudulent and corrupt practices of banks.
MICHAEL, N (2021). Merger And Acquisition, A Viable Option For The Survival Of Companies (Study Of Access Bank Plc). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/merger-and-acquisition-a-viable-option-for-the-survival-of-companies-study-of-access-bank-plc-7-2
N, MICHAEL. "Merger And Acquisition, A Viable Option For The Survival Of Companies (Study Of Access Bank Plc)" Mouau.afribary.org. Mouau.afribary.org, 20 Sep. 2021, https://repository.mouau.edu.ng/work/view/merger-and-acquisition-a-viable-option-for-the-survival-of-companies-study-of-access-bank-plc-7-2. Accessed 28 Nov. 2024.
N, MICHAEL. "Merger And Acquisition, A Viable Option For The Survival Of Companies (Study Of Access Bank Plc)". Mouau.afribary.org, Mouau.afribary.org, 20 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/merger-and-acquisition-a-viable-option-for-the-survival-of-companies-study-of-access-bank-plc-7-2 >.
N, MICHAEL. "Merger And Acquisition, A Viable Option For The Survival Of Companies (Study Of Access Bank Plc)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/merger-and-acquisition-a-viable-option-for-the-survival-of-companies-study-of-access-bank-plc-7-2