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Risk Management
1. Comparative analysis of the impact of mergers and acquisitions on financial efficiency of banks in Nigeria
In Nigerian, mergers and acquisitions in the banking sector decided to reform the tactics and change the position of banking sector. Okpanachi Joshua (2011) write this paper use many ratios such as gross earnings, profit after tax and net assets of the selected banks to compare the pre-mergers and acquisitions’ index number with the post-mergers and acquisitions’ index number during the fixed time. In this article, the author selected three Nigerian banks and adopted convenience and judgmental sample selection methods.Data were gathered from the published annual reports. Their analysis put into use t-statistics via statistical package for social sciences. And we will use Access Bank and first bank of Nigeria as illustration.
Table1. Access Bank Plc extracted financial efficiency parameters (2002 to 2008). Period Pre mergers Base year Post mergers | Years | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | Naira (Million) | Gross earnings | 2,604,378 | 4,367,887 | 5,515,086 | 7,494,855 | 13,360,358 | 27,881,451 | 57,627,098 | Profit after tax | (55,245) | 556,573 | 637,473 | 501,515 | 737,149 | 6,083,439 | 16,056,464 | Net assets | 1,943,784 | 2,365,357 | 2,702,830 | 14,071,924 | 28,893,886 | 28,384,891 | 171,002,026 |

Table2. First Bank of Nigeria Plc extracted financial efficiency parameters (2002 to 2008). Period Pre mergers Base year Post mergers | Years | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | Naira (Million) | Gross earnings | 46,267 | 50,597 | 51,318 | 49,475 | 61,243 | 79,299 | 130,600 | Profit after tax | 4,776 | 11,010 | 11,483 | 12,184 | 16,053 | 18,355 | 30,473 | Net assets | 19,406 | 27,006 | 41,605 | 48,726 | 64,277 | 83,627 | 351,854 |

According to the tables above, the result of mergers and acquisitions events is that the sample banks stated
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