International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2022 | Volume: 6 | Issue: 12 | Page No.: 1-4 Tier 1 Banks' Diversification Channels and Its Effects on Their Financial Resilience: Nigerian Perspective Download PDF OSHIOBUGIE, Omolegie Bruno Abstract: The present study looked at whether bank diversification channels influence banks' financial resilience or not. The study focused on Tier 1 Banks. The study disaggregated bank diversification strategies into four (4) which are: deposit-DEDV, asset-ASDV, income-INDV, and loan diversification-LODV. Meanwhile, banks' financial resilience is measured by bank z-score. The study spanned from 2009 to 2021. The panel least square-PLS estimate served as the main estimation technique adopted. The result evidenced that, DEDV has a positive (Coef= 0.6089) significant (p-value=0.0303<5%) effects on FIRE. More so, ASDV and LODV have positive (Coef= 0.5337 and 0.8949) significant (p-value= 0.0236 and 0.0039 <5%). By implication, the more the DEDV, ASDV, and LODV, the more resilient the FUGAZ banks become. Meanwhile, INDV improves the financial resilience of Tier banks minimally. Consequently, this paper concludes that, bank diversification improves the resilience of Tier banks in Nigeria over the targeted time frame. Consequently, the study was of the view that, managements of Tier 1 banks should diversify their deposit base, asset base, income base and credit (loan) creation base.