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ABSTRACT
The study looked at how monetary policies affected the performance of Nigeria's listed deposit money banks. The study examined monetary policy instruments such as open market operations, cash reserve requirements, liquidity ratios, and interest rates to determine their impact on banks, using return on assets as a performance metric. The study's data was sourced from CBN statistical bulletin and the annual reports of the companies studied, which ranged from 2007 to 2021. The techniques adopted for the analysis include trend and pattern analysis, descriptive analysis, panel unit root test, panel OLS multiple regression, and Autoregressive Distributed Lag (ARDL), the hypotheses were tested to see if the null hypothesis was accepted or not. According to the study's findings, monetary policy rate, cash reserve ratio and return on asset had a significant effect on the profitability of Nigeria's listed deposit money banks. Further research revealed that cash reserve ratios had a significant positive effect on the profitability of Nigeria's listed deposit money banks. Based on the findings, the study's main conclusion is that monetary policies had a significant influence on the profitability of Nigerian listed deposit money banks when they are pooled together. Among the recommendations was monetary policy be made attractive enough for investors to invest in the banking industry and in the same vein, banks should maintain an adequate cash reserve ratio because it has a significant impact on its performance.
