Effect of CBN cashless policy on the performance of deposit money banks in Nigeria Department: Banking and Finance By: Johngrey Project ID: 6368 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe study examines the effect of cashless policy on the return on equity of deposit money banks' performance in Nigeria for the period 2010-2020. Secondary data were used and collected from the Central Bank of Nigeria Statistical Bulletin. This study used automated teller machines (ATM), point-of-sale (POS), and mobile banking (MB) as the explanatory variables to measure cashless policy whereas, return on equity of deposit money banks was a proxy for deposit money banks' performance and employed as the dependent variable. Hypotheses were formulated and tested using Ordinary Least Square (OLS). There is a significant effect of cashless policies on the return on equity of deposit money banks in Nigeria. The coefficient of determination indicates that about 47.61% of the variations in banks' return on equity can be explained by changes in cashless policy variables ((ATM, POS, MB) in Nigeria. The study concludes that the cashless policy has a significant impact on deposit money banks' performance in Nigeria. The study recommends that policymakers should ensure the effective deployment of information technology due to its sophistication since the technology with relatively perceived advantage. Policymakers and regulatory authorities should be able to provide security physically and electronically to check the incidence of hacking by fraudsters. The operators should create enlightenment for their customers on the convenience and importance of adopting mobile banking channels in completing their transactions. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)