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ABSTRACT
This study explores the impact of mergers and acquisition on the value of new firm resulting from merger in the Nigerian banking industry. The study used data collected from Access Bank and Diamond bank (defunct) for the period of 2016 to 2021. The method of data analysis is the analysis of variance (ANOVA). The result of the empirical investigation revealed that there are positive and significant differences in post- merger financial performance of the bank. It also revealed that the post-merger performance of Access bank shows that the bank performed much better in terms of its share price, profit after tax (PBT), return on assets (ROA), return on equity (ROE), the total values of its assets and also in terms of its total net worth. The study conclude that the merger and acquisition led to increased financial performance or value creation for Access Bank Plc and that the good synergy produced from the mergers and acquisitions process between Access Bank plc and Diamond Bank Plc led to improvement in Access bank’s financial performance including its profitability. The study recommend that managers of the nation’s banking system should continue to initiate policies and reforms that will improve the lot of the banking industry and make Nigerian banks competitive in the global arena.
