Blockchain Accounting and Financial Performance of Nigeria Banking Sector from 2014-2023

Authors

  • Moses Wisdom Inaku Department of Accounting, Faculty of Administration and Management Sciences, University of Calabar, Calabar, Cross River State, Nigeria
  • Sunday A Effiong Department of Accounting, Faculty of Administration and Management Sciences, University of Calabar, Calabar, Cross River State, Nigeria

DOI:

https://doi.org/10.33003/fujafr-2026.v4i2.357.245-253

Keywords:

Blockchain accounting, financial performance, return on assets, return on equity, operational efficiency, Nigerian banking sector

Abstract

Purpose: This study examined the effect of blockchain accounting on the financial performance of Nigerian deposit money banks between 2014 and 2023. Specifically, the study investigated the effect of blockchain accounting on return on assets, return on equity, operational efficiency, and transparency in financial reporting.
Methodology: The study adopted an ex-post facto research design using secondary data obtained from the annual reports and audited financial statements of the 23 licensed deposit money banks in Nigeria. Data covering the period 2014–2023 were analyzed using descriptive statistics and simple linear regression analysis with the aid of SPSS Version 27.
Results and conclusion: The findings revealed that blockchain accounting has a significant positive effect on financial performance, operational efficiency, and transparency in financial reporting within the Nigerian banking sector. The study concluded that blockchain accounting improves profitability, strengthens operational processes, enhances transaction verification, and promotes reliable financial reporting systems among Nigerian deposit money banks.
Implication of findings: The findings imply that the adoption of blockchain accounting can strengthen financial reporting quality, improve operational performance, reduce accounting irregularities, and enhance stakeholder confidence in the Nigerian banking sector.

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Published

23-06-2026

Issue

Vol. 4 No. 2 (2026): June 30, 2026

Section

Articles

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Copyright (c) 2026 Moses Wisdom Inaku, Sunday A Effiong

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How to Cite

Inaku, M. W., & Effiong, S. A. (2026). Blockchain Accounting and Financial Performance of Nigeria Banking Sector from 2014-2023. FUDMA Journal of Accounting and Finance Research [FUJAFR], 4(2), 245-253. https://doi.org/10.33003/fujafr-2026.v4i2.357.245-253

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