Description
Abstract
This study was designed with the aim of appraising the roles of CBN in the regulation of deposit money banks in Nigeria. In order to actualize the objectives, 2013-2018 as the sample was selected/chosen for analysis to assess and measure the effects of the regulatory role of CBN. Various literature and theoretical issues were discussed. In addition, an empirical regression and descriptive analysis were carried out to investigate how CBN regulation variables impact on deposit money banks’ activities in Nigeria. The findings from both analyses revealed that the monetary policy rate has a negative but no relationship with how well CBN performs its roles. The finding shows that the regulatory role played by CBN is positively related to the change seen in the growth of deposit money banks in Nigeria. It is recommendation CBN should be given level of independence that will allow her to formulate good policy, this will serve policies from unnecessary intervention by the government and also saves time to respond to economic problems on time. A commitment to pragmatic approach should be adopted in dealing with the problem facing the banking industry in order to ensure an enhancement of sound banking environment and restoration of full public confidence in the financial sector confidence from such prefer will attract lost credit back to the banking and hence reduction in money circulation which will help in using monetary policy effectively in correcting macro-economic stability.
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