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| Effect of Corona Virus 2019 Pandemic on the Performance of Deposit Money Bank in Nigeria
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Casmir C. OSUJI, Andrew E. O. ERHIJAKPOR, David O. AHONKHAI
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Abstract:
The study investigates the effect of Corona virus 2019 (COVID-19) Pandemic on Money Deposit Money Banks (DMBs) in Nigeria. The Causal Comparative Design (Ex Post Facto Design) was used in the study to compare the Liquidity (LIQ), Non-performing loan ration (NPLR) and Return on Equity (ROE) on before COVID-19 plaque Period (year 2017-2018) and that of the liquidity (LIQ), Non-performing loan ration (NPLR) and Return on Equity (ROE) of during COVID-19 plaque Period (year 2019-2020) in order to examine the effect of Covid-19 Pandemic on the Performance of DMBs in Nigeria. The study's population is comprises of all the thirty-three (33) Nigerian DMBs, and the population also serves as the sample size because the study relied on aggregate secondary data that included LIQ, NPLR and ROE variables for Nigerian DMBs before and during Covid-19 era. Data for the study were obtained from the CBN Bank Supervisory Annual Report, CBN Statistical Bulletin and Nigeria Deposit Insurance Corporation (NDIC) Annual Reports for the period 2017-2020. The data was analysed with Wilcoxon and SPSS version 20. The study found that the 2019 Corona pandemic affects LIQ, NPLR, and ROE of DMBs in Nigeria. The study recommended that the CBN should put modalities in place to solved the problem of illiquidity (inability to meet up with customers daily withdrawal) of DMBs as a result of the COVID-19 plaque. The CBN should also made funds available for DMBs to cushion the effects of the rising numbers of non-performing loans during the COVID-19 plaque.
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