DO MONETARY POLICIES REALLY INFLUENCE PERFORMANCE OF BANKS IN NIGERIA?
Abstract:This research looked into how monetary policy can affect bank profitability in Nigeria. To fulfill study objectives, return on equity (ROE) and return on assets (ROA) were utilized to measure monetary policy and performance. The study was descriptive. Secondary data from selected banks' annual financial reports and CBN bulletins from 2016-2020 were used. A simple linear regression was used to assess secondary data. Unlike prior studies, the study found no substantial link between cash reserve ratio and lending interest rate profitability in Nigeria. That monetary policy has no major impact on the profitability of the selected Nigerian banks. As a result, the link between monetary policies and bank performance was established.