Effect of monetary policy on the profitability in first bank Nigeria Plc

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Abstract

The state of Nigeria’s economy is lamented and calls for urgent intervention. The poor state of the economy is affecting every sector most especially the finance sector. The research studies the effect of monetary policy on the profitability of first bank Nigeria plc from 2014-2018.  The objective guided the study is cash reserve ratio and the lending interest rate was used as a measure of monetary policy and return on equity (ROE) was used to measure profitability. Relevant literature were consulted and they guided the study. The study employed descriptive research design. Secondary data from the annual financial report of first bank Nigeria plc and annual CBN bulletin from 2014-2018 were used. The data were analyzed using linear regression, ANOVA, correlation and descriptive statistics were used. The findings revealed that the cash reserve ratio and the lending interest rate have no significant effect on the profitability of first bank Nigeria plc. The study concluded that monetary policy has no significant effect on the profitability of first bank Nigeria plc.
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Effect of monetary policy on the profitability in first bank Nigeria Plc