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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Concentration in the commercial banking industry in Nigeria
Author:Uchendu, Okorie A.ISNI
Year:1998
Periodical:The Nigerian Journal of Economic and Social Studies
Volume:40
Issue:3
Pages:385-394
Language:English
Geographic term:Nigeria
Subjects:economic concentration
banking
Abstract:Two measures of concentration - the Herfindahl-Herschman Index and the concentration ratio of the market share of Nigeria's three major commercial banks - are used to measure and investigate concentration in the Nigerian commercial banking industry since 1985. The results of the analysis suggest that the commercial banking industry in Nigeria is highly concentrated, that oligopoly exists in the commercial banking market, that the deregulation of the financial industry in the mid-1980s as part of the structural adjustment programme (SAP) introduced considerable competition as new commercial banks emerged, and that the subsequent liquidation of many banks due to financial distress could have engineered a reconcentration of the industry. Bibliogr., notes, sum.
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