MANAGING MERGERS AND CULTURAL DIVERSITIES IN DEPOSIT MONEYBANKS IN NIGERIA

DR. ATURU-AGHEDO Calorine PhD – ASSOCIATE PROFESSOR
DEPARTMENT OF BUSINESS ADMINISTRATION
NATIONAL OPEN UNIVERSITY OF NIGERIA
Caturu-aghedo@noun.edu.ng
+2348033060214
AND
OKHIRIA Vincent Omozojie ( Corresponding Author)
(PhD. CANDIDATE – BUSINESS ADMINISTRATION)
DEPARTMENT OF BUSINESS ADMINISTRATION
NATIONAL OPEN UNIVERSITY OF NIGERIA
okhiriavincent@yahoo.com or nou215000415@noun.edu.ng
+2348060966466

ABSTRACT
This study examined the effect of cultural diversities on mergers and acquisition in deposit money banks
in Nigeria. The study focused on four deposit money banks: namely, Access, Diamond, Titan Trust, and
Union Bank. Questionnaires were utilized to gather data for the study. Spearman‟s rank correlation
coefficient was used to analyze the data collected. The findings show that cultural diversities play a major
role in the consummation of mergers and acquisitions. It was therefore recommended that entities should
seek organisations with similar cultural diversities to merge with or acquire.
Keywords: Acquisitions, mergers, cultural diversities, deposit money banks

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