Global Journal of Management and Business Research, A: Administration and Management, Volume 22 Issue 7

© 2022. Ifeoma Maria Ihegboro. This research/review article is distributed under the terms of the Attribution-NonCommercial- NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc- nd/4.0/. Global Journal of Management and Business Research: A Administration and Management Volume 22 Issue 7 Version 1.0 Year 2022 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4588 & Print ISSN: 0975-5853 An Empirical Investigation into the Impact of Electronic Banking on the Economic Growth of Nigeria By Ifeoma Maria Ihegboro University of Nigeria Abstract- This study assesses the impact of electronic banking on economic growth in Nigeria between 2009 and 2019. To examine the impact of Automated Teller Machine (ATM), Point of Sale (POS), Web Pay and mobile banking on economic growth in Nigeria. Expost-Facto Design was adopted wherein data was guaranteed from Central Bank of Nigeria (CBN) statistically bulletin for various years 2009 and 2019. Regression analysis was employed as the major estimation method. The Auto regression Distributed Lag (ARDL) form of regression was used as a result of the advantages that it has over other forms of regression. However, the result of study showed that E-banking had signlcant impact on economic growth. Aim and MB were found to have a positive impact on economic growth while POS and WB showed negative impact. The result of the study further shows that there is a long-run relationship between e-banking and economic growth and that E-banking Granger causes economic growth. Keywords: e-banking, automated teller machine, point of sale, web pay. GJMBR-A Classification: DDC Code: 338.9 LCC Code: HD75.5 AnEmpiricalInvestigationintotheImpactofElectronicBankingontheEconomicGrowthofNigeria Strictly as per the compliance and regulations of: