RELATIONSHIP BETWEEN DEPOSIT LIABILITIES AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA.

The objective of the study is to examine the relationship between fund deposit and profitability of deposit money banks in Nigeria. The study adopted the panel research design and data were extracted from the floor of the Nigeria Exchange Group (NGX) from 2016-2022. The population comprise of twelve (12) listed deposit money banks on the Nigeria stock Exchange and descriptive analysis were used to establish relationship between the variables of the data while the panel least square was employed to draw inference on the phenomenon under review. The result from the inferential statistics revealed that Current deposit has positive and significant impact on the profitability of return on asset (ROA) of deposit money banks in Nigeria. Savings deposit has no significant impact on profitability of return on asset (ROA) of deposit money banks in Nigeria; Time deposit has positive and significant influence on profitability of return on asset (ROA) of deposit money banks in Nigeria. The study concluded therefore that a bank’s deposits have positive impact on profitability of deposit money banks in Nigeria. Specifically, current deposit and time deposit have positive impact on profitability of deposit money banks in Nigeria. The study recommended that deposit money banks in Nigeria should focus more on growing their current and time deposit as a strategy in increasing their performance