Evaluation of the non-fiscal measures of performance of deposit money banks in Nigeria

Abstract

The objective of this work is to assess the non-fiscal measures of performance of deposit money banks
in Nigeria. The population of the study comprised the entire 21 banks listed on the Nigerian stock
exchange as at December, 2013. The study employed expos - factor research design; data were
collected from a sample of nine (9) deposits money banks. Content analysis method was employed,
with the use of scoring and grading method. The study concluded that Nigerian deposit money banks
(dmbs) disclose some part of non-financial measure of performance in their annual report, also the
study found out deposit money banks disclosed voluntary information in their annual report. It was
recommended that steps should be taken by the Federal Reporting Council Of Nigeria (FRCN),
Securities Exchange Commission (SEC), Nigerian Stock Exchange (NSE) and other regulatory bodies to
ensure full compliance with relevant international financial reporting standards/international accounting
standards (IFRS/IAS) accounting disclosure requirements. And to make sure that Nigerian deposit
money banks are disclosing financials and non-financial measures in their annual report for better
decision making by their users. Lastly, given the importance of performance evaluation for managers,
stockholders and investors, it is suggested that the Nigerian Stock Exchange (Nse) and the Central
Bank Of Nigeria (CBN) should issue a policy guideline regarding the adoption of balance scorecard
(BSC) as performance assessment technique for the nigerian deposit money banks.