Competition in Nigerian Banks Threatens Financial Health and Integrity.
The research looked at how competition and market structure affect the financial health of Nigerian commercial banks from 2010 to 2020. They found that the Nigerian banking market is moderately concentrated, with some banks having more market power than others. The study showed that there is a strong link between the profitability of Nigerian commercial banks and the level of competition in the market. To keep competition healthy, regulators need to be careful not to let commercial banks become too concentrated in Nigeria.