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Electronic Banking Innovations and Selected Banks Performance in Nigeria

Author

Listed:
  • Anthony Orji
  • Jonathan E Ogbuabor
  • Asidok N Okon
  • Onyinye I Anthony-Orji

Abstract

In the past few years, Nigerian banks have embraced the global trend of digitalization in banking operations. Thus, after the consolidation and recapitalization exercises, many banks have strengthened and streamlined their facilities, tailored their services as well as automated their operations. In the heat of competition, banks are now adding to the stock of e-banking in order to maintain a competitive edge over their competitors. However, despite the rapid development in electronic banking innovations, it is not clear whether e-banking innovations have impacted positively and significantly on banks’ performance in Nigeria. The main objective of this paper therefore is to estimate the impact of e-banking innovations (ATM transactions, mobile banking transactions, and point of sales transactions) on the performance of six selected banks in Nigeria. The study adopts a SURE model in the quantitative analysis of six selected old and new generation banks. The results indicate that automated teller machine transactions, point of sale transactions, mobile banking transactions are major e-banking innovations that contribute to old and new banks’ performance in Nigeria. The study therefore concludes that the selected banks and other banks should intensify efforts to increase their asset base and continue to invest in e-banking innovations in order keep preforming well and also remain profitable. The study also calls for efficient management and utilization of funds to train and educate bank workers and general public regularly on how to deploy and use e-banking channels and other related technological innovations respectively.

Suggested Citation

  • Anthony Orji & Jonathan E Ogbuabor & Asidok N Okon & Onyinye I Anthony-Orji, 2018. "Electronic Banking Innovations and Selected Banks Performance in Nigeria," The Economics and Finance Letters, Conscientia Beam, vol. 5(2), pages 46-57.
    • Handle: RePEc:pkp:teafle:v:5:y:2018:i:2:p:46-57:id:1611
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    Cited by:

    1. Liang, Lien-Wen & Dash Altankhuyag, 2019. "Impact of Banking Supervision on the Cost-Efficiency of Banks: A Study of Five Developing Asian Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(2), pages 213-231, February.
    2. Gholamreza Zandi & Muhammad Haseeb, 2019. "The Importance of Green Energy Consumption and Agriculture in Reducing Environmental Degradation: Evidence From Sub-Saharan African Countries," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 215-227, August.
    3. Gholamreza Zandi & Hoyoung Lee, 2019. "Factors Affecting Environmental Management Accounting and Environmental Performance: An Empirical Assessment," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 342-348.
    4. Razman Hafifi Redzuan & Mohamed Dahlan Ibrahim & Muhammad Zaly Shah Muhammad Hussein, 2019. "Entrepreneurial Logistics Education in Institutions of Higher Learning: The Case of Universiti Malaysia Kelantan," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(2), pages 58-61, July.

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