Asian Journal of Management and Commerce
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P-ISSN: 2708-4515, E-ISSN: 2708-4523

Asian Journal of Management and Commerce


Adoption of quantitative methods on commercial banks operations in Nigeria

Adoption of quantitative methods on commercial banks operations in Nigeria


Author(s): Etim Osim Etim, Isaac Ayanyinka Ayandele, Samuel George Etuk and Ekwere Raymond Enang

Abstract: This paper examines the extent adoption of quantitative methods drives the operations and performance of commercial banks in Nigeria. The rationale is due to the fact that decision making has because more complex in an ever changing business environment that traditional or rule-of-thumb methods are not fit to meet the needs of decision makers. Structured questionnaire and oral interview were used to elicit information from the sampled respondents. Data collected were analyzed using descriptive statistics involving simple percentages and relative frequencies. Results showed that forecasting, decision (tree) analysis and simulation models are the most adopted which significantly impact performance of the banking sector in Nigeria. The results were contrary to apriori expectations that commercial banks do not adopt quantitative techniques in the decision circle. It was concluded that commercial banks management in Nigeria apply QT models in their decision making. It was recommended that more QT models be applied by commercial banks and enhancement of efficiency through in-housing training, workshop and seminars frequency organized for staff to improve their knowledge and skills in contemporary QT models.

Pages: 88-97 | Views: 54 | Downloads: 25

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How to cite this article:
Etim Osim Etim, Isaac Ayanyinka Ayandele, Samuel George Etuk, Ekwere Raymond Enang. Adoption of quantitative methods on commercial banks operations in Nigeria. Asian J Manage Commerce 2022;3(2):88-97.
Asian Journal of Management and Commerce