Journals

This study examines the impact of both internal and external factors on the profitability of listed pharmaceutical firms in Nigeria. The population of the study consists of seven (7) listed consumer goods firms as at 31st December 2019. Five of the listed pharmaceutical firms were selected to form the sample of the study for the period of ten years (2010- 2019). The study employed multiple regressions as tool for analysis. Secondary data obtained from the financial statements of the companies was analysed. The result revealed that liquidity is the most important determinants of profitability. Hence, liquidity is positively and significantly related to profitability, while inflation rate and GDP growth rate are not significantly related to profitability of listed pharmaceutical firms in Nigeria. For pharmaceutical firms to achieve a greater profit and competitiveness in the market, it is therefore recommended that the companies should give more attention to firm specific characteristic (liquidity) and also conduct careful evaluation by partnering with government to check activities of macroeconomic indicators (GDP growth rate and inflation rate) that influence the profitability of the company before making major business decision as this will go a long way to improving their profitability

There is a debate on whether reporting non-financial information such as reporting the social and environmental impact of the activities of a corporation is relevant information for decision making by users of the information, which can affect the value of the corporation. This study explores the effect disclosing social and environmental information on value of oil and gas firms in Nigeria. The study was done on a sample of eight (8) oil and gas firms covering the period of ten (10) years (2010-2019). Using the Ohlson (1995) model which was modified, the study used share price as a measure of the value of the oil and gas firms, and a strict bias for only social and environmental disclosures which are compliant with the guidelines of the Global Reporting Initiative (GRI). Applying regression analysis, the study found that social information disclosure is relevant for making decisions that can lead to positive and significant change in share price. Environmental disclosures on the other hand were found not to have significant impact on share price. The study advocated for full compliance to the GRI social disclosures by the oil and gas firms for optimum firm value. In addition, the study recommends that oil and gas firms, because of the nature of their activities on the environment, should be mandated by the Federal/State ministries of environment to disclose their environmental performance using the GRI parameters.

This study therefore examined the impact of healthcare financing on the wellbeing of Nasarawa State indigenes using the descriptive survey research approach. The study adopted the qualitative method in its data collection using the questionnaire as the research instrument. Data was collected from a sample of 311 respondents from a total population of 4234. Findings from the study revealed that tax-based government financing and private sector findings has a significant impact on wellbeing. Out-of-Pocket financing on the other was not significant in the study. Based on the study finding the study recommended that Review of the current revenue allocation/sharing formula to ensure proper and adequate funding of healthcare facilities in the State. The study also recommended that More involvement of international donor agencies is needed in the health intervention programmes of the state. The state still requires the support of foreign partners in fighting the scourge of disease within and around the state.

The study examined the effect of sustainability practices on the performance of listed manufacturing firms in Nigeria. The study utilized secondary data extracted from annual reports of 37 listed manufacturing firms for the period of eleven years (2010 to 2020) using a purposive sampling technique. Hausman test analysis was used to select the appropriate regression model, which is fixed effect regression model that was utilized to analyse the data collected. The findings revealed that sustainability practices have positive and significant effect on Return on Asset (ROA) (β=3.28 (P>|t|=0.049˂0.05) and Return on Equity (ROE) (β=2.01(P>|t|=0.045˂0.05) as well as Tobin’s Q (β=1.97 (P>|t|=0.030˂0.05). Firm size showed negative and significant influence, while leverage and age showed negative and significant effect on ROA, ROE and Tobin’s Q. The study concluded that sustainability practices have positive and significant effect on the performance of listed manufacturing firms in Nigeria. Thus, the study recommended that listed manufacturing firms should inspire efficient sustainability practices in achieving higher sustainability practices, and improving the performance of listed manufacturing firms in Nigeria.

The study investigates the influence of firm attributes on financial reporting quality of listed oil and gas companies in the Nigeria for the period 2011–2020. The study uses the correlational research design and purposive sampling technique was used to arrive at the samples size that comprises of 10 oil and gas firms. The study uses the Modified Jones model of discretionary accrual to represent the financial reporting quality while firm size, leverage, ROA, board gender diversity and board financial expertise proxied for firm attributes. The study uses secondary data obtained from the financial reports of the sampled firms and uses general least square for data analysis. The findings reveal that firm size, leverage and board financial expertise improve financial reporting. While Return on Assets and board gender diversity positively impacted on financial reporting quality. The study recommends that since board financial expertise increase financial reporting quality, firm should encourage for inclusion of financial expertise as member of board of director in order improve financial. The regulatory bodies such as Financial Reporting Council of Nigeria (FRCN), SEC among others should enforce compliance with code of corporate governance and requirement of CAMA for inclusion of financial expertise on board of director in order to give effect to investor protection and confidence they should also impose sanction for non-compliance.

The study examined the effect of ownership structure on the financial performance of listed Deposit Money Banks in Nigeria for the period of 2011-2020.The sample size of the study is 10 Deposit Money Banks (DMBs). Secondary data were used, the data were extracted from the financial reports and accounts of the banks that made up the sample of the study. The study employed Random Effect regression as the best estimator of the regression model. The study revealed that managerial ownership and concentrated ownership have significant positive impact on the financial performance of DMBs in Nigeria. While institutional ownership has positive but insignificant impact on financial performance of DMBs in Nigeria. The study recommends that, the board of directors in the DMBs in Nigeria should ensure that shareholding of the insider managers is increase in such a way that the proportion of their shareholding should exceed 20% of the total shareholding in the banks as it was found being among the factors that increase DMBs profitability. Doing this will encourage managers to put more effort to work toward improving DMBs profitability. The study also recommends that DMBs in Nigeria should pursue policy of diffused ownership structure such as concentrated ownership. This will ease monitoring and controlling firm performance since they have highest shareholding. They may also use their positions to improve their lots and the performance of DMBs

This study examined the effect of creative accounting on shareholder’s wealth of deposit money banks in Nigeria. A sample consisting of five deposit money banks in Nigeria for the period of ten years from 2011-2020 was used. The results of the work using linear regressions has revealed that, gross earnings have a significant effect on shareholders wealth of Nigeria deposit money banks. Total accrual has a significant effect on shareholders wealth of Nigeria deposit money. It also revealed that non- performing loans do not significantly affect banks shareholder’s wealth while it would be unrealistic to think that this practices among the money deposit banks do not have any positive effect at all. But it is possible to minimize at least its negative effects by adopting the standard which give more important to ethical consideration and decrease the flexibility of bank managers in deciding among different accounting methods. This would improve the quality and further reduce misstatement of financial statements.

This study examines cashless policy and the Nigerian economy. The objective of the study is to determine the impact of cashless policy on the Nigerian economy. The study uses Real Gross Domestic Product (GDP) as a measure for the Nigerian economy, while Value of Automated Teller Machine Transactions (ATMV), Value of Cheques Cleared (CHEV), Value of Mobile Payment (MOBP) as well as Value of Point-of-Sale terminal transactions (POSV) were measures of cashless policy. To empirically achieve the objective, the study utilizes quarterly time series data from 2011 to 2019 obtained from various issues of Central Bank of Nigeria (CBN) statistical bulletin. The study employed autoregressive distributed lag (ARDL) model and other descriptive statistics estimation techniques to determine the relationship between the variables in the study. The findings from the empirical analysis of the study revealed that, there is significant relationship between some employed cashless policy instruments and the Nigerian economy. It is concluded that the CBN cashless policy has the potential to contribute positively to economic growth of Nigeria. It is therefore recommended that government and monetary authorities should invest on technological infrastructure and enlightenment of non-literate Nigerians especially in rural communities so as to record more gains from the policy.

This study examined the effect of audit quality on financial reporting quality of quoted cements firms in Nigeria from 2012-2020. The study specifically investigated the effects of audit fee, audit tenure and audit firm size on financial reporting quality of quoted cement firms. Quantitative research design was adopted for the study. The study adopted 2 out of the population of 12 listed cement firms in Nigeria. To arrive at the sample size, two-point filters were used. Secondary data were gathered from the published annual financial statements of the companies. Regression model was employed in the analysis of data. The study revealed that audit firm size has negative and insignificant effects on discretional accrual (DA), audit tenure has positive and insignificant impact on DA and that audit fee has positive and insignificant impact on DA of the sampled firm. It was concluded that two attributes of audit quality influence financial reporting quality of quoted cement firms in Nigeria, while the last attribute does not. The study recommended, among other things, Audit tenure should not be extended to more than three accounting years, the audit charges should not be very high to the extent that it will influence the decision of the audit firm and firms should improve their service offer in order to meet up with the Big 4 and create a competition that will make the Big 4 to be consistent in their whole service.

This study investigated the effect of accounting information on market value of listed consumer goods firms in Nigeria. Data were collected from the annual reports and accounts of sampled consumer goods companies and Nigerian Stock Exchange (NSE) Factbook for a period of 14 years (2007-2020). The data were analysed using multiple regression. Results from the analysis revealed that dividends, book values and cash flows from operations have positive significant effect on market value of listed consumer goods companies in Nigeria. Earnings show a positive insignificant relationship with market value. The study recommended that managers of listed consumer goods firms should pay rapt attention on their firm’s dividend payout policy, book values, and cash flow from operations since they influence market value of the companies.