ABSTRACT
Considering the problems evident in
the Nigerian Financial Sector, which has made it impossible for growth and profitability
to be realized in the banking sector, it therefore requires an urgent solution
that will help position the Nigerian Financial Sector to be proactive and stand
competitive in the globalize economy. These problems in the Nigerian banking
sector which includes the inability to meet the N25 billion capital base
required by the CBN, bank distress, bank crises, insecurity of depositors fund,
poor capital base, unreliable : statements, inefficient management, inability
to compete favorably in the worlds financial market, lack of growth and
profitability in the banking sector, calls for urgent intervention in the
sector. ii is therefore against this background that this study on mergers and
acquisition as a survival strategy in the Nigerian Financial sector is
considered worth while. Among other problems, the major problem of this study
are:- (i)whcther mergers and acquisitions will be a survival strategy for
Nigerian banks.(ii) Whether mergers and accluisitions can strengthen tile
Nigerian banks to ensure safety of depositors fund. (iii) Whether mergers and
acquisition will help the Nigerian banks to meet the N25 billion capital base
required by the CBN. The two major hypothesis stated in this study were: the Mergers and acquisitions do not lead to growth in the financial sector. I-li:
Mergers and acquisitions lead to growth in the financial sector. The Mergers
and acquisitions do not increase profitability in the financial sector. s and
acquisition increase profitability in the financial sector. Time maj or
research questions used for this study includes the following:- (i) Arc mergers
and acquisitions a survival strategy in N igeriall banks.? (ii) Would mergers
and acquisitions help in the prevention of' bank crisis in Nigerian financial
sector? Two banL were selected for this study, these includes: UBA and Spring
Bank For this study both secondary and primary' data were used and the
chi-square techniques was used to test the hypothesis. The population for this
study includes the management stall' of the two bank groups, while the sample
size used for this research work is 20 persons from the management staff We
found out that mergers and acquisitions can lead to growth in the financial
sector. Mergers and acquisitions can increase profitability in the financial
sector. And that, mergers and acquisitions can strengthen the Nigerian Banks to
be strong, reliable and stand competitive in the worlds financial market. Among
other recommendations, we recommend that mergers and acquisitions is a survival
strategy in the Nigerian financial sector.
NKEMAKOLAM, . (2021). Mergers And Acquisitions : A Survival Strategy In The Nigerian Financial Sector (A Case Study Of Uba Plc And Spring Bank Plc) . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-a-survival-strategy-in-the-nigerian-financial-sector-a-case-study-of-uba-plc-and-spring-bank-plc-7-2
.O, NKEMAKOLAM. "Mergers And Acquisitions : A Survival Strategy In The Nigerian Financial Sector (A Case Study Of Uba Plc And Spring Bank Plc) " Mouau.afribary.org. Mouau.afribary.org, 27 Jul. 2021, https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-a-survival-strategy-in-the-nigerian-financial-sector-a-case-study-of-uba-plc-and-spring-bank-plc-7-2. Accessed 27 Nov. 2024.
.O, NKEMAKOLAM. "Mergers And Acquisitions : A Survival Strategy In The Nigerian Financial Sector (A Case Study Of Uba Plc And Spring Bank Plc) ". Mouau.afribary.org, Mouau.afribary.org, 27 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-a-survival-strategy-in-the-nigerian-financial-sector-a-case-study-of-uba-plc-and-spring-bank-plc-7-2 >.
.O, NKEMAKOLAM. "Mergers And Acquisitions : A Survival Strategy In The Nigerian Financial Sector (A Case Study Of Uba Plc And Spring Bank Plc) " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-a-survival-strategy-in-the-nigerian-financial-sector-a-case-study-of-uba-plc-and-spring-bank-plc-7-2