International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

Effect of CBN's Cashless Policy on Operational Performance of Selected Commercial Banks in Nigeria

Michael FrancisDepartment of Business Administration, Adamawa State University, Mubi, PMB 25, Mubi, Adamawa State, NigeriaSadiq Abdulazeez AbubakarDepartment of Business Administration, Adamawa State University, Mubi, PMB 25, Mubi, Adamawa State, NigeriaPatience Victor NuhuDepartment of Business Education, Adamawa State College of Education Hong, Adamawa State, Nigeria

Vol 8 No 8 (2024): Volume 8, Issue 8, August 2024 | Pages: 79-88

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 20-08-2024

doi Logo doi.org/10.47001/IRJIET/2024.808010

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Abstract

This study examined the effect of Central Bank of Nigeria Cashless Policy on operational performance of selected commercial banks in Nigeria. A panel data was collected from a sample of 15 banks covering 6 years ranging from 2012 when the policy was introduced in Nigeria to 2018. The study has adopted return on Asset as proxy for banks performance while the value transactions done through the ATM, POS, Internet Banking, NIP and NEFT platforms (E-banking Products) was used to proxy cashless policy using two different model. In other to ensure the validity and the reliability of the data, the data was subjected to a diagnostic test using Descriptive Statistic Analysis, Multicolinearity test, Correlation testing, and Herteroskadaticity testing. Findings from the study  revealed that ATMV has a positive and significant effect on return on assets (ROA) of banks in Nigeria while, POSV, WEBV, NIPV and NEFV was  found to have a positive but insignificant effect on ROA of quoted banks in Nigeria.  

Keywords

Cashless Policy, Internet Banking, Commercial Banks


Citation of this Article

Michael Francis, Sadiq Abdulazeez Abubakar, & Patience Victor Nuhu. (2024). Effect of CBN's Cashless Policy on Operational Performance of Selected Commercial Banks in Nigeria. International Research Journal of Innovations in Engineering and Technology - IRJIET, 8(8), 79-88. Article DOI https://doi.org/10.47001/IRJIET/2024.808010

Licence Copyright (c) 2026 International Research Journal of Innovations in Engineering and Technology creative common licence This work is licensed under Creative common Attribution Non Commercial 4.0 Internation Licence
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