Business Ethics and Performance of the Nigerian Banking Sector: A Conceptual Approach

The banking sector is seen as an important link between different stakeholders in the country by taking funds from surplus units and channelling them to units that have deficits. Despite this important role, it is observed that engagement in certain unethical practices has made the efforts of the firms in the sector to seem useless. Unethical practices have been dominant in the Nigerian banking sector with different incidences flying around. This study, therefore, examined business ethics and performance of the Nigerian banking sector using a conceptual approach. Business ethics and performance was examined by interrogating previous studies on the variables. The motive of the investor is to make profit and as such, directors are expected to run the affairs of banks in the best interest of various stakeholders. The decision to do so is influenced by what management
considers ethical. Hence, the character of a bank and its actions reflect the ethical conduct and professionalism
codes that it follows, which affects its potential for profit and growth. The study came up with recommendations
on how the sector can be improved upon through intentional efforts to be ethical in every dealings and practices
in the sector.