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ABSTRACT
This study examines the determinants of banking sector development in Nigeria. The factors considered in this study include economic growth, inflation rate, foreign remittances and exchange rate volatility. The entire banking sector in Nigeria was used in the analysis for the period 1990 to 2021. In particular, descriptive statistics, correlation coefficient, and the multivariate ordinary least squares (OLS) techniques were utilized in the evaluation of the model stated in the study. The empirical results revealed that foreign remittance is a key factor that significantly influences banking sector development in Nigeria while economic growth, inflation rate and exchange rate volatility does not stimulate banking sector development in Nigeria.
