Role of Apex Banks: The Case of Nigerian Economy


  • Ekundayo P. Mesagan Department of Economics, University of Lagos
  • Olatunji A. Shobande Department of Economics, University of Lagos, Nigeria.


Apex Banks, Economic Growth, Money Supply, Monetary Policy, Nigeria


The paper focuses on the role of Apex banks, with special focus on Nigeria between 1981 and 2015. Findings from the study showed that the Apex Banks have significant role to play in stimulating an economy. It is therefore suggested that monetary policy instruments like broad money supply and monetary policy rate are very effective monetary policy tools and that monetary authorities should design appropriate interest rate target that can galvanize the private sector’s interest in the economy.


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