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Examining the Factors Influencing the International Expansion of Nigerian Banks

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Africa-to-Africa Internationalization

Part of the book series: AIB Sub-Saharan Africa (SSA) Series ((AIBSSA))

Abstract

Evidence suggests a growing expansion of Nigerian banks into international markets. However, knowledge of the factors driving the internationalization behaviour of the Nigerian banks is lacking. The aim of this study was to identify and explain factors that drive Nigerian banks to venture into foreign markets. Five Nigerian banks were purposefully sampled for the study. The findings show that foreign market entry of Nigerian banks is driven primarily by the banking sector reforms in Nigeria, a shift in the strategic scope of the banks, and a desire to exploit tangible and intangible assets in less developed but profitable banking markets in Sub-Saharan Africa. The findings provide useful insights for business leaders, policy makers and academics regarding forces facilitating internationalization of Nigerian banks to Sub-Saharan African markets.

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Author information

Authors and Affiliations

  1. Nigerian Turkish Nile University, Abuja, Nigeria

    Ebimo Amungo

Authors
  1. Ebimo Amungo
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Correspondence to Ebimo Amungo .

Editor information

Editors and Affiliations

  1. Lagos Business School, Lagos, Nigeria

    Ifedapo Adeleye

  2. Gordon Institute of Business Science, Johannesburg, South Africa

    Lyal White

  3. Leeds University Business School, Leeds, West Yorkshire, United Kingdom

    Nathaniel Boso

Appendix

Appendix

Table A1 Tabulation of observed and expected responses and distribution parameters and analysis using normal distribution fitting analysis (NDFA) algorithm
Full size table
Table A2 Summary of values and their interpretation following analysis of responses to questionnaire
Full size table

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Amungo, E. (2016). Examining the Factors Influencing the International Expansion of Nigerian Banks. In: Adeleye, I., White, L., Boso, N. (eds) Africa-to-Africa Internationalization. AIB Sub-Saharan Africa (SSA) Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-30692-6_3

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