IMPACT OF MONETARY POLICY ON THE PERFORMANCE OF BANKING SECTOR IN NIGERIA (1991-2022)
Abstract
ABSTRACT
The study examines the impact of monetary policy on the performance of banking sector in Nigeria from1991 to 2022. It evaluated bank performance as a function of three independent variables: money supply, credit to private sector and liquidity ratio. Secondary data is the basis of data used in this study. It was sourced mainly from the various publications of the central bank of Nigeria (CBN) statistical bulletin. The augmented dickey fuller (ADF) unit root test, johansen cointegration test, the auto regressive distributed lag (ARDL) and vector error correction model (VECM) were adopted and analyzed. The findings of the study revealed that money supply, credit to private sectors and liquidity ratio has no any significant impact towards banking performances in Nigeria.
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