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MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL

Authors: ODUYOYE Oluseyi

Publication Type: Journal article

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Abstract

At the expiration of the deadline given to banks to recapitalize by December 31, 2005, 25 banks were successful. Out of these, 20 came out of mergers and acquisitions (M & As). This paper takes a look at the concept of mergers and acquisitions on the global scene before addressing the post consolidation banking industry in Nigeria. A full appraisal of mergers and acquisitions in the banking industry may be premature for now; but if the experiences of M & As in other developed economies are anything to go by, the next few months may be a mixture of sweet and sour tales in this key sector of the Nigerian economy. However, going by the international high profile and intellectual dexterity of the CBN Governor, Prof. Charles Soludo coupled with a regime of strict regulations in the financial sector, corporate Nigeria is likely to be major beneficiaries by way of reduced interest rates, easier access to loans and opportunities to go for the international playing field. Investment worldwide thrives on stability. Nigeria will reap maximum gains from the on-going reforms in the banking sector if there is stability in the other sectors of the economy like energy and the political scene. The so-called 'Third Term Agenda' needs to be amicably resolved. Generally, the citizenry need to be assured of stability, otherwise foreign investors will not come and the consolidation exercise in the banking industry would be a nullity.

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ODUYOYE,O. . (0000). MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL, 0 (), 0-0.

ODUYOYE,O. . "MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL" 0, no (), (0000): 0-0.

ODUYOYE,O. and . (0000). MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL, 0 (), pp0-0.

ODUYOYEO, . MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL. 0000, 0 ():0-0.

ODUYOYE,Oluseyi , . "MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL", 0 . (0000) : 0-0.

O.Oluseyi , "MERGERS AND ACQUISITIONS IN THE NIGERIAN BANKING INDUSTRY: A POST-CONSOLIDATION APPRAISAL" vol.0, no., pp. 0-0, 0000.

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