EMPIRICAL ANALYSIS ON THE IMPACT OF MONEY DEPOSITS BANK ON MANUFACTURING SECTOR (A CASE STUDY OF DANGOTE CEMENT)
Abstract
This study aims to determine the impact of money Deposits Bank in the manufacturing sector The Nigerian banking system exhibits fluctuating profitability compared to other countries in the world. This study examines the determinants of bank profitability in the manufacturing sector in Nigeria. It relates to internal bank specific and macroeconomic indicators to the overall profitability of Nigerian banks based on Return on Asset as the measure of profitability. According to the empirical results, Manufacturing sector suffer from low quality of loans and do not monitor the repayment of the loans disbursed and more so, their assets cannot cover the amount of loan disbursed. This study also finds that macro-economic variables do not have a major effect on bank profitability and inflation posed adverse effect on profitability. Most importantly. Dangote cement should react quickly to all the variables considered in this study, all nearly posed a negative influence on their profitability in that if these entire factors are properly monitored, they are likely to be better off in their performance. It was conclude that there is significant relationship between money deposit banks and economic development of Nigeria.
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