TY  - JOUR
T1  - Mergers and Acquisitions in the Nigerian Banking Industry: An Explorative Investigation
AU - Sophia, John M. AU - Ebimobowei, Appah 
JO  - The Social Sciences
VL  - 6
IS  - 3
SP  - 213
EP  - 220
PY  - 2011
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2011.213.220
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2011.213.220
KW  - West Africa
KW  -Nigeria
KW  -mergers
KW  -banking industry
KW  -banks
KW  -Acquisition
AB  - The study was designed to examine mergers and acquisitions in the banking industry in Nigeria. The need to carry out this study arose from the challenges faced by Nigerian banks despite the reduction of banks from 89-25 at the end of 31st December 2005. These current challenges faced by banks in the country have made researchers to question the efficacy of the consolidation of banks in Nigeria. The explorative research method was used for this study. Data was collected from journals, textbooks, conference papers and the internet. The findings reveal that the consolidation (mergers and acquisitions) activities in Nigeria did not meet the desired objectives of liquidity, capital adequacy and corporate governance which have resulted to more troubled banks after the consolidation. On the basis of these, the study recommends among others that corruption, fraud and insiders abuses must be minimized in the banking industry for the country to derive the benefits of mergers and acquisitions of banks.
ER  -