Authors :
Salihu Mohammed Hassan; Adewusi Olusegun Adegoke
Volume/Issue :
Volume 8 - 2023, Issue 9 - September
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/d2fx45cd
DOI :
https://doi.org/10.5281/zenodo.8406295
Abstract :
This study looks at how Nigeria's First Bank
Ltd. performs after implementing e-banking. Quarterly
secondary data for the years 2009Q1 through 2022Q2
were obtained from the NBS and CBN bulleting. Pier-
wise Granger causality and ARDL bond test
cointegration were used as analysis methods. The results
show that First Bank Ltd.'s performance in Nigeria is
positively impacted by the coefficient of ATM, MBK, and
POS. While First Bank Ltd.'s performance in Nigeria is
negatively correlated with INTBK. However, the ARDL
bound test for cointegration reveals that there is long-
term cointegration between E-banking and commercial
bank performance in Nigeria. ATM and POS are
statistically significant at the 1% significant level. Similar
to this, granger causality shows that there is a one-way
relationship between POS and MBK and ATM and
PFBN. The relationship between MBK and PFBN, POS
and ATM, and MBK and ATM, on the other hand, is
reciprocal. Thus, the alternative hypothesis is accepted
while the null hypothesis is rejected, and the study effort
comes to the conclusion that there is a causal association
between E-Banking and First Bank Ltd.'s performance
over the time period under consideration. However, as
indicated by an f-statistics probability of (0.000000), the
entire variable was jointly and simultaneously crucial in
raising First Bank Ltd.'s and E-banking's performance in
Nigeria. The R2 demonstrates the model's suitability and
dependability for policy design. The study stated that in
order to achieve the goal of the cashless policy in Nigeria,
the government should establish and improve monetary
policies (cashless policy) focused at promoting E-banking.
Additionally, in order to achieve the goals of a cashless
economy or society, the government, monetary
authorities ((Central Bank of Nigeria, Ministry of
Finance,) and commercial banks should inform and
educate the public about the benefits of using E-banking
products (POS, Mobile Application, and online banking).
Keywords :
POS, ATM, MBK ARDL
This study looks at how Nigeria's First Bank
Ltd. performs after implementing e-banking. Quarterly
secondary data for the years 2009Q1 through 2022Q2
were obtained from the NBS and CBN bulleting. Pier-
wise Granger causality and ARDL bond test
cointegration were used as analysis methods. The results
show that First Bank Ltd.'s performance in Nigeria is
positively impacted by the coefficient of ATM, MBK, and
POS. While First Bank Ltd.'s performance in Nigeria is
negatively correlated with INTBK. However, the ARDL
bound test for cointegration reveals that there is long-
term cointegration between E-banking and commercial
bank performance in Nigeria. ATM and POS are
statistically significant at the 1% significant level. Similar
to this, granger causality shows that there is a one-way
relationship between POS and MBK and ATM and
PFBN. The relationship between MBK and PFBN, POS
and ATM, and MBK and ATM, on the other hand, is
reciprocal. Thus, the alternative hypothesis is accepted
while the null hypothesis is rejected, and the study effort
comes to the conclusion that there is a causal association
between E-Banking and First Bank Ltd.'s performance
over the time period under consideration. However, as
indicated by an f-statistics probability of (0.000000), the
entire variable was jointly and simultaneously crucial in
raising First Bank Ltd.'s and E-banking's performance in
Nigeria. The R2 demonstrates the model's suitability and
dependability for policy design. The study stated that in
order to achieve the goal of the cashless policy in Nigeria,
the government should establish and improve monetary
policies (cashless policy) focused at promoting E-banking.
Additionally, in order to achieve the goals of a cashless
economy or society, the government, monetary
authorities ((Central Bank of Nigeria, Ministry of
Finance,) and commercial banks should inform and
educate the public about the benefits of using E-banking
products (POS, Mobile Application, and online banking).
Keywords :
POS, ATM, MBK ARDL
