A comparison of mergers and acquisitions throughout the two phases of Nigerian bank recapitalization, as well as their consequences on Nigerian banks' ability to save costs, was investigated in this study. The study critically appraises the implications of mergers and acquisitions on cost savings for the Nigerian banking sector over the two phases of the banking sector recapitalization process. The panel data estimation technique, which takes heterogeneity of the sample units into consideration, by allowing for individual bank-specific variables, was employed. Mergers and acquisitions have a favourable influence on bank cost savings in Nigeria, according to the findings. Further macroeconomic reforms, according to the report, should rely primarily on interest rate operating procedures, with the only goal of implementing the law of one market in both domestic and foreign money markets.
Ojogbo et al. (Wed,) studied this question.