Portfolio Management and the Profitability Level of Banks in Nigeria
DOI:
https://doi.org/10.47494/mesb.v34i.1719Keywords:
Portfolio Management, Broad Money, Mean Asset Rating Portfolio, Portfolio Diversification, Capital Market ParticipationAbstract
The study objective is to establish the relationship between portfolio management and financial performance of banks in Nigeria. The research is valuable to bank managers as it informs them on necessary considerations to make while selecting the class of assets in a portfolio, the industry policy makers and contributes to a broader realm of academic research. The study adopts the descriptive analytical research design. The study adopts secondary data and used SPSS to analyze the data. The results show that portfolio management has a positive relationship in profitability level of banks in Nigeria and recommends banks develop robust investment strategies to manage their portfolio investments for better profits.
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