ACCOUNTING

MERGERS AND AQUISITION AS GROWTH STRATEGIES IN NIGERIA

ABSTRACT

This study aimed at examining mergers and acquisition as growth strategy in Nigeria with emphasis on Nigeria financial institutions. Questionnaire was carefully designed for five quoted companies listed under the Nigeria stock exchange and 100 were used. The following are the finding of the research work. Most mergers and acquisitions deals by companies in Nigeria are not transparent and to do not follow stipulated guidelines. Inadequate professional investigation or negligence prior to mergers and acquisition often lead to failure in corporate mergers and acquisition. The study’s findings revealed that companies that take cultural issues seriously will experience positive growth resulting from mergers and acquisition function such as human resources. In terms of staffing, the merger integration team must be seen as a coveted assignment. Amongst the recommendations for this study are: There should be adequate professional investigation prior to mergers and acquisitions to combat possible failure. Third parties to the mergers and acquisitions process should be well sensitize and expose them to number of possible advantages to be derived from the proposed mergers and acquisition