Abstract
This paper is an empirical analysis of the impact of ownership structure on bank profitability in Nigeria. We examine whether the composition and spread of bank ownership significantly impinges on bank returns. Using 98 commercial and merchant banks in 478 observations over the 1989-2004 period, regression and t-test results suggest that the composition and spread of ownership has had no significant effect on bank profitability in Nigeria. Hence, the current move by the Central Bank of Nigeria (CBN) to manipulate the composition of bank ownership in Nigeria is inappropriate.
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