SALEM JOURNAL OF BUSINESS AND ECONOMY

DEPOSIT MONEY BANKS LIQUIDITY MANAGEMENT MEASURES AND CAPITAL FORMATIONS DILEMMA IN NIGERIA.

DURUECHI, ANTHONY H. Ph.D, CHIGBU, SUSSAN U. Ph.D
January 16, 2026

Abstract

The study investigated liquidity management Measures of banks and capital formations in Nigeria covering the periods 1981 to 2023. Liquidity management was captured using liquidity ratio, loan-to-deposit ratio; treasury bills subscriptions by Deposit Money Banks and savings/deposit rate. Capital formations on the other hand was proxied by gross fixed capital formations (GFCF). Data on these variables were collected from the Central Bank of Nigeria (CBN) statistical bulletin. The Autoregressive Distributed Lag (ardl) approach to cointegration analysis was used to analyse the data. Results from statistical estimations revealed the existence of long run association between liquidity management measures of Deposit Money Banks and capital formations in Nigeria. The study further revealed that, short-run distortions can be significantly corrected in the long-run at the speed of 37.96 %. Based on results, it was advised that existing liquidity management measures adopted by banks should be sustained given its significant effects on capital formations in Nigeria. The said measures should further be deepened for optimum results viz-a-viz capital formations in Nigeria.

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SALEM JOURNAL OF BUSINESS AND ECONOMY

Published in SALEM JOURNAL OF BUSINESS AND ECONOMY

ISSN: 627-44669

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