Abstract
This study ascertained the effect of annual inflation rate on bank financial performance in Nigeria. Ex-Post Facto research design was adopted. Data were extracted from annual reports and accounts of the selected banks in Nigeria. The population of the study comprises of all the twenty (20) deposit money banks operating in Nigeria as at the time of this research work. According to the Nigeria Stock Exchange (NSE), twenty (20) deposit money banks operate in Nigeria as at the end of year 2019. Regression analysis was employed to test the hypothesis with SPSS 20.0. The analysis shows that the annual inflation rate does not positively influence banks’ financial performance. Based on the result, the researcher recommended that banks should be able to anticipate inflation rate periodically to adjust their interest rate in order to make profit.
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