International Journal of Multidisciplinary Reseach
Vol. 2 No. 1 (2026): February

FOREIGN EXCHANGE MANAGEMENT AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA

Adekunle Christopher, Williams, (Unknown)
Cecilia Adurayemi, Adu, (Unknown)

Article Info

Publish Date
01 Feb 2026

Abstract

This study investigated the effect of foreign exchange management on the profitability of Deposit Money Banks (DMBs) in Nigeria by obtaining data from five banks between 2020-2024.Regression analytical method was adopted for this study. It was found out that foreign reserves significantly and positively affected return on asset. The study concluded that foreign exchange management profoundly influenced bank profitability in Nigeria. It was recommended that there should be forex risk management and foreign reserves for strategic planning, and investing in exchange rate forecasting tools for DMBs.

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Journal Info
International Journal of Multidisciplinary Reseach
Website

Abbrev

ijmr

Publisher

Pt Sulthan Journal Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Education Engineering Social Sciences

Description

International Journal of Multidisciplinary Reseach (ISSN : 3109 9777) is a scholarly journal that publishes research across various branches of science through a multidisciplinary approach. Its scope covers the humanities and social sciences, including cultural studies, sociology, anthropology, ...