COVID-19 PANDEMIC: FINANCIAL DISRUPTIVE INNOVATIONS AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

The study examined the relationship between covid-19 pandemic: financial disruptive innovations and performance of deposit money banks (DMB’s) in Nigeria for the duration of 2000-2020 (21years). This was done respect of measures of financial disruptive innovations, namely; Automated Teller Machine (ATM), Point of Sale (POS), Internet Banking (INTB) and Mobile Banking (MB) and how the effects performance of deposit money banks in Nigeria {proxy with Return on Equity (ROE)}. The method of data collection used in this study is the secondary source of data (time series data), from the CBN Bank Supervisory Annual Report, CBN Statistical Bulletin and Nigeria Deposit Insurance Corporation (NDIC) Annual Reports for the period 2000-2020. The data set was described using descriptive statistics and the unit root test was conducted to ascertain if the data are stationary in order to have accurate regression result. The correlation analysis will be use to ascertain the co-movement of the independent variables in relation to the dependent variable while the Multiple Regression analysis were employed with the aid of E-VIEW version 9.0 for the purpose of testing the research hypotheses raised. The finding revealed that ATM and POS has positive significant effect on  ROE of DMB’s in Nigeria while INTB and MB has negative insignificant effect on  ROE of DMB’s in Nigeria. Hence, the study concluded that the relationship between financial disruptive innovations and performance of deposit money banks in Nigeria significant, and it’s affected the banking industry positively. It is therefore recommended that, Investment in technological disruptions has been proven to enhance the finance of Nigerian commercial banks. The banks should therefore give emphasis to efficient utilization of the financial disruptive innovations enabled services such as POS, MB, ATM and INTB. Keywords: Covid-19 pandemic, Financial Disruptive Innovations, performance and Deposit Money Banks.