Abstract:
This study estimates the impact of Electronic banking innovation on bank Performance in Nigeria using selected banks data from Electronic payment system office, Central Bank of Nigeria statistical bulletin from 2007-2016.The study adopts Panel unit root and SURE model estimation technique to conduct quantitative analysis for six selected old and new generation banks. The results of this study were analyzed using economic a priori criteria, statistical criteria and econometric criteria. The positive and statistically significant relationship between automated teller machine of old and new generation banks in Nigeria indicates that automated teller machine is a major factor that contributes to old and new banks performance in Nigeria. The positive and statistically significant relationship between point of sale of old and new generation bank in Nigeria indicates that point of sale is a major factor that contributes to old and new banks performance in Nigeria. The positive and statistically significant relationship between mobile banking of old and new generation banks in Nigeria indicates that mobile banking is a major factor that contributes to old and new banks performance in Nigeria. The study recommends that banks should intensify efforts to increase the assets of banks in Nigeria in order to make more profit. The study also calls for efficient management and utilization of funds to train and evaluate bank workers at every point in time.
