Description
Abstract
First and foremost, this topic, “The Impact of Monetary Policies in the Liquidity and Profitability of Banks in Nigeria” is of a high significance to the financial sector of Nigeria. The monetary policy is designed by the CBN to influence the behavior of the monetary sector in the monetary variables or aggregates. In investigating the impact of monetary policies on the liquidity and profitability of banks in Nigeria, interview schedule and questionnaires were drafted. A total of thirty (30) copies of the questionnaire were randomly distributed to staffs of Zenith Bank P.l.c out of which, twenty six copies were returned while the other four could not be retrieved as a result of some staff being so busy on that day and did not bother about following the questionnaire e.g. staff working in the counter. In essence, this research worked with only twenty six copies of the questionnaires. Hence, research questions were used in place of hypotheses in the cause of conducting the research some questions were asked to reflect the extent to which this works tender to cover. However, the impact of monetary policies were effective up to 65% and the instruments of this policy attained 100% of positive drawback in the implementation of monetary policy and 75% said that these drawbacks are militating against the effectiveness of these policies. Generally, respondents are to the view that monetary policies can be used side by side (100%) and it has not been regularly implemented.
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