CASHLESS POLICY AND BANKS’ FINANCIAL PERFORMANCE IN NIGERIA: : empirical assessment

Abstract

This study examined cash less policy and the financial performance of banks data for the period 2007 to 2016 for five variables representing about fifty (5 was generated from the Central Bank of Nigeria Economic Reports and Nig Corporation Annual Reports. The study used Augmented Dickey Fuller stationary state of the variables. It also employs the descriptive statistics a multiple regression method to analyze the data generated. The empirical find less policy largely determined the financial performance of banks in the Nige indicated by the coefficient of determination. The volume of Automated Tell and Point of Sales (POSVL) were found to increased banks financial pe statistically significant. Web based Technique volume and bank size w statistically significant on the financial performance of banks. The study there ATM centers/outlets should be opened by banks through the influence of the C in order to enhance the success of the cash less policy. Point of Sales sho business transactions by investors, the government and the general public at l would further deepen the penetration of the cashless policy.