THE EFFECT OF COVID-19 ON THE PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

This study investigated the effect of Covid-19 on the performance of deposit money banks in Nigeria.Specifically, the paper seeks to examine the relationship between capital adequacy, liquidity ratio, banksize and the impact of COVID-19 on the performance of deposit money banks in Nigeria. It employed adescriptive research design. A total of one hundred and fifty (150) copies of structured questionnaireswere administered to deposit money banks and customers of the banks which constituted the population.The questionnaires were used to collect data, and statistical tools were used for the descriptive statisticsand T-Test (One Sample Statistics). The study revealed a positive significant relationship between capitaladequacy, liquidity ratio, bank size and the effect of COVID-19 on the performance of deposit moneybanks in Nigeria, which positively impacts poverty in Nigeria. The study therefore recommended that thegovernment should formulate policies that would encourage capital adequacy, liquidity ratio and banksize that would have a positive effect on deposit money banks in Nigeria, and also by regulating theiractivities, as it has been found that capital adequacy, liquidity ratio and bank size is one of the factorsthat determine the performance of deposit money banks in Nigeria.