IMPACT OF THE CENTRAL BANK OF NIGERIA CASHLESS POLICY ON THE DEVELOPMENT OF THE BANKING SECTOR IN NIGERIA

ABSTRACT

This study invested the effect of Covis-19 on the performance of deposit money banks in Nigeria. Specifically seeks to examine the relationship between capital adequacy, liquidity ratio and bank size and the effect to Covis-19 on the performance of deposit money banks in Nigeria. It employed descriptive research design. A total of one hundred and fifty (150) questionnaires were administered to deposit money banks and customers of the banks which constituted the population. The questionnaires were used to collect data and statistical tools used was descriptive statistic, T-Test (One Sample Statistics) and chi-square. The study revealed that there is positive significant relationship between capital adequacy, liquidity ratio and bank size and the effect of Covis-19 on the performance of deposit money banks in Nigeria. Has a positive impact in reducing poverty in Nigeria? The study therefore recommended that government should formulate policies that would encourage capital adequacy, liquidity ratio and bank size that would have positive effect on Deposit Money Banks in Nigeria is always at optimum level by regulating their activities, as it has been empirically found that capital adequacy, liquidity ratio and bank size is one of the factors that determine the performance of Deposit Money Banks in Nigeria.

Keywords: Covid-19, Performance, Deposit Money Banks in Nigeria (DMBN), Capital Adequacy, Liquidity Ratio and Bank Size.