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Impact of Information and Communication Technology on the Performance of Deposit Money Banks in Nigeria

Author

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  • Nwakoby Nkiru Peace
  • Charity Philip Sidi
  • Ofobruku Sylvester Abomeh

Abstract

The study examines the impact of information and communication technology on the performance of deposit money banks in Nigeria between the periods 2006 to 2015. The log-linear regression model was used to test the impact of various forms of information and communication technology on the banks return on equity (ROE), the computation of the result was done using the econometric computer software package, e-view version 8.0. The result shows that the adoption of various forms of information and communication technology has greatly influenced the quality of banking operations, performance and has specifically increased banks return on equity. Information and communication technology usage can sustain returns on equity of deposit money banks in the long run. The study recommends that investment in information and communication technology should form an important component in the overall strategy of banking operation, as these will make Nigerian banks to be more efficient, profitable, and competitive.

Suggested Citation

  • Nwakoby Nkiru Peace & Charity Philip Sidi & Ofobruku Sylvester Abomeh, 2018. "Impact of Information and Communication Technology on the Performance of Deposit Money Banks in Nigeria," International Journal of Management and Sustainability, Conscientia Beam, vol. 7(4), pages 225-239.
    • Handle: RePEc:pkp:ijomas:v:7:y:2018:i:4:p:225-239:id:1053
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    Citations

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    Cited by:

    1. Sheikh Muhammad Hizam & Waqas Ahmed, 2019. "A Conceptual Paper on SERVQUAL-Framework for Assessing Quality of Internet of Things (IoT) Services," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 387-397, August.
    2. Sulaiman Sajilan & Muhammad Umar Islam & Mohsin Ali & Urooj Anwar, 2019. "The Determinants of FDI in OIC Countries," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 466-473, August.
    3. M. Rooshihan & M.S. Che Rusuli & A.K. Suhaila & M. Hakim & R. Ashlyzan & W.M.N. Mohd Nazdrol, 2019. "Rainbow Smart Parking System Design: Problems Into Solutions for Integrated Parking Management," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(2), pages 66-69, July.
    4. Emeka Okereke & Ufuoma Earnest Ofierohor, 2021. "Digitalization as vehicle for Financial Institutions’ Growth and Effectiveness," International Journal of Science and Business, IJSAB International, vol. 5(1), pages 105-114.

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