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Amalachukwu Chijindu Ananwude

Publications (13)

Electronic Banking and Economic Growth in Nigeria: An Autoregressive Distributed Lag (ARDL) Time-Series Analysis

Amalachukwu Chijindu Ananwude, Edith Nkiruka Mazeli & Ogochukwu Florence Ngaikedi · South Asian Journal of Social Studies and Economics · 2026

This study assessed the effect of electronic banking on economic growth in Nigeria using an Autoregressive Distributed Lag (ARDL) time-series framework. Specifically, it examined how transactions through automated teller machines (ATMs), mobile banking, internet banking and point...

Open access Research Article 10.9734/sajsse/2026/v23i71341

Taxation Effects on Government Revenue in Nigeria 2007-2023: Econometric Analysis

Sarah Elechi Jeff-Anyeneh & Amalachukwu Chijindu Ananwude · South Asian Journal of Social Studies and Economics · 2025

This study examined the effect of taxation on federally collected revenue in Nigeria.  Empirical results regarding the nexus between taxation and revenue generation in both developed and developing countries are conflicting. Specifically, this study determined the effect of petro...

Open access Research Article 10.9734/sajsse/2025/v22i4986

Corporate Governance Practice, Net Income Growth and Net Profit Margin: Evidence from Selected Commercial Banks in an Emerging Economy in Sub Saharan Africa – Nigeria

Benson Aisagbonbuomwan Esan, Amalachukwu Chijindu Ananwude & John Nonso Okoye · Asian Journal of Advanced Research and Reports · 2020

This study presents a re-examination of how net income growth and net profit margin of selected commercial banks quoted on the Nigerian Stock Exchange (NSE) are affected by corporate governance practice for the period 2005 to 2017. The Panel Ordinary Least Square (POLS) was emplo...

Open access Research Article 10.9734/ajarr/2020/v11i330263

Impact of Monetary Policy on Value of Stock Traded: Short Run and Long Run Evidence from Nigerian Stock Exchange (1987- 2017)

Chinedu Maurice Umezurike & Amalachukwu Chijindu Ananwude · Asian Journal of Advanced Research and Reports · 2019

This study examined the effect of monetary policy on value of stock traded in Nigerian Stock Exchange. Specifically, we ascertained the effect of monetary policy rate, liquidity ratio and loan to deposit ratio on value of stock traded using the Autoregressive Distribute Lag (ARDL...

Open access Research Article 10.9734/ajarr/2019/v5i430136

Effect of Monetary Policy on the Performance of the Nigerian Capital Market (1986 – 2016): Stylized Facts from ARDL Approach

Felix Nwaolisa Echekoba, Amalachukwu Chijindu Ananwude & Oyinloye Lateef · Advances in Research · 2018

In this study, the empirical effect of monetary policy tools on performance of the Nigerian capital market was re-examined. The real effect of monetary policy tools on capital market performance is still not clear both from theoretical and empirical background, especially in emer...

Open access Research Article 10.9734/AIR/2018/37989

Stock Market Development and Economic Growth: A Comparative Evidence from two Emerging Economies in Africa – Nigeria and South Africa

Charity Ifunanya Osakwe & Amalachukwu Chijindu Ananwude · Archives of Current Research International · 2017

This study empirically explored the short run and long run relationship between stock market development and economic growth by comparing two leading emerging economies in Africa: Nigeria and South Africa from 1981 to 2015. Growth rate of gross domestic product was used to measur...

Open access Research Article 10.9734/ACRI/2017/38116

Effect of Deposit Money Banks’ Lending Activities on the Growth of Real Sector of Nigeria’s Economy: A Disaggregated Approach 1986 – 2019

Edith Nkiruka Mazeli, Patrick Kanayo Adigwe & Amalachukwu Chijindu Ananwude · Asian Journal of Economics, Business and Accounting · 2020

To the best of our knowledge, we presented an analysis of how the growth of Nigeria’s real sector has been affected by lending activities of deposit money banks. We examined how agricultural, industrial, and building & construction sectors of the real economy have grown owing...

Open access Research Article 10.9734/ajeba/2020/v20i130317

Does Monetary Policy Affect Stock Market Return? Recent Evidence from the Nigerian Stock Exchange (1986-2018)

Chinedu Maurice Umezurike, Felix Nwaolisa Echekoba & Amalachukwu Chijindu Ananwude · South Asian Journal of Social Studies and Economics · 2019

The nexus between monetary policy and stock market return has remained a topic of debate in the literature. We determined whether stock market return in Nigerian Stock Exchange (NSE) is affected by monetary policy or not. To this end, we employed the Autoregressive Distribute Lag...

Open access Research Article 10.9734/sajsse/2019/v5i330147

Effect of Financial Deepening on Economic Growth in Nigeria: A Time Series Appraisal (1986-2018)

Paschal Chikwado Nwakobi, Dorothy Chioma Oleka & Amalachukwu Chijindu Ananwude · Asian Journal of Advanced Research and Reports · 2019

The influence of financial deepening on the economic growth of any nation cannot be underestimated. To this end, the study evaluated the effect of financial deepening on economic growth in Nigeria over a period of thirty three (33) years: 1986 to 2018. Data were collected from st...

Open access Research Article 10.9734/ajarr/2019/v7i330181

Deficit Financing and Economic Growth in Nigeria: 1987-2017

John Okachukwu Okah, Kenechukwu Origin Chukwu & Amalachukwu Chijindu Ananwude · Asian Journal of Economics, Business and Accounting · 2019

The debt profile of the Government of Nigeria has been on the increase from 1986; climaxing during the worst recession Nigeria economy has entered into after the structural adjustment programme (SAP). With the reduction in government revenue occasioned by the fluctuations of pric...

Open access Research Article 10.9734/ajeba/2019/v12i130140

Government Expenditure and Industrial Development in Nigeria: Long Run and Short Run Dynamics from ARDL Approach

Sarah Elechi Jeff-Anyeneh, Gideon Kasie Ezu & Amalachukwu Chijindu Ananwude · Journal of Scientific Research and Reports · 2019

This study estimated the long run and short dynamics between government expenditure and industrial development in Nigeria from 1981 to 2016 with the view to evaluating how the industrial sector has been influenced by variation in government expenditure. The Autoregressive Distrib...

Open access Research Article 10.9734/jsrr/2019/v23i630136

Trust and Distrust Determinants of Mobile Banking Adoption in the Nigerian Banking Industry: A Study of First Bank Nigeria Limited

Felicia Akujinma Anyanwu, Harrison Utum Ubi & Amalachukwu Chijindu Ananwude · Asian Research Journal of Arts & Social Sciences · 2017

This study ascertains the trust and distrust determinants of mobile banking adoption in the Nigeria banking industry by specifically assessing the effect of perceived benefit, ease of usage, risk and monetary cost on customers’ intention to adopt mobile banking. To achieve these...

Open access Research Article 10.9734/ARJASS/2017/30589

Sectoral Allocation of Deposit Money Banks’ Credit and the Growth of Nigerian Real Economy: A Disaggregated Analysis (2008Q1 – 2017Q4)

Cyril Madubuko Ubesie, Felix Nwaolisa Echekoba, Uzoamaka Gloria Chris-Ejiogu & Amalachukwu Chijindu Ananwude · Journal of Economics, Management and Trade · 2018

In this study, the effect of sectoral allocation of deposit money banks’ credit on the growth of the Nigerian real economy from 2008Q1 to 2017Q4 was evaluated. We were inspired by the unsettled disparity in empirical literature on the effect of sectoral allocation of deposit mone...

Open access Research Article 10.9734/JEMT/2019/44889