EuroEconomica, Vol 23, No 2 (2009)

Impact of Corruption on Bank Profitability in Nigeria

Toni Uhomoibhi Aburime


This study sought to econometrically analyze the impact of corruption on bank profitability in Nigeria. Using a panel data set comprising 358 observations of 48 unique banks over the 1996 - 2006 time period, backward stepwise regression results reveal that corruption has a significant positive impact on bank profitability in Nigeria. The results lend credence to accusations that banks in Nigeria are thriving from corruption in the country.


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