2022 Archive
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Title: EFFECT OF COOPERATIVE SOCIETIES ON POVERTY REDUCTION IN ZARIA METROPOLIS, KADUNA STATE, NIGERIA.pdf Author: Keyna Marie Chizoma Eshika & Rahila Musa Abdulsalam Abstract: Abstract Ravaging poverty is one of the major challenges facing the world presently especially developing countries such as Nigeria. Governments across the globe have continuously come up with different economic programmes in other to reduce the level of poverty in their countries, Nigeria inclusive. Despite these efforts, the rate of poverty in Nigeria is still on the increase. It has been acknowledged that cooperative societies are playing a vital role in economic development especially at medium and micro level to reduce poverty. Therefore, this study investigated the effect of cooperative societies on poverty reduction using loans provision, employment provision and skill provision as variables of cooperative societies’ services. This study adopted survey design and used a set of cooperative societies’ members’ data generated from the administration of structured questionnaire to 322 members of a cooperative, in Zaria metropolis and data obtained was analysed using multiple regression through the aid of Statistical Package for Social Sciences (SPSS) Version 23 Software. The results of the study showed that all the independent variables examined had positive and significant effect on poverty reduction in Zaria Metropolis, Kaduna State Nigeria. This study therefore recommended that the management of cooperative societies should be providing more loans, employments and skill acquisition for members to enhance poverty reduction among cooperative members in Zaria Metropolis, Kaduna State Nigeria. Keywords: Cooperative Societies, Poverty reduction, Loans provision, Employment provision and Skills provision View |
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Title: EFFICIENT TRADE POLICIES IMPLEMENTATION AND THE GROWTH OF THE NIGERIAN ECONOMY EMPIRICAL SURVEY.pdf Author: Godday O. Oboro PhD & Andrew O. Agbada PhD Abstract: Abstract This paper explores the significance of efficient Trade policies implementation and Economic growth in Nigeria for the period 1991 to 2020. Variables considered include: Export penetration policy, Import penetration policy, Degree of trade openness, Exchange rate policy, Inflation rate policy, and Real Gross Domestic Product (RGDP). The study patterned after the Autoregressive Distributed Lag Model. Meanwhile, the study sourced data from CBN Statistical Bulletin, and the World Bank data base, 2020. The findings were quite robust as they showed that while Export penetration policy and Exchange rate policy had favorable high impacts on economic growth in Nigeria, Import penetration policy, Degree of trade openness, and Inflation rate policy had a somewhat deteriorating impact. That-not-withstanding, the magnitude of the Coefficient of determination (R2) and F-Statistics were high enough to jettison the null hypothesis and approve the alternate hypothesis of a strong linear relationship between efficient Trade policies implementation and Economic growth. Thus, we concluded that efficient Trade policies implementation can serve as veritable tools for achieving high economic growth. Based on this, we recommend that government though CBN should put in place trade policies that seek to promote exports and also ensures that her current exchange rate policies are relatively stable if she must experience outstanding economic growth. More so, economic stakeholders must attempt to cut down the volume of her imports and inflation rates if the economy must grow. Lastly, we also recommend and emphasize that to attain outstanding growth, policy makers must ensure that all trade barriers are addressed accordingly. Keywords: Trade Policies, Export penetration, Import penetration, Degree of trade openness, Exchange rate, Inflation rate, Economic Growth, Real Gross Domestic Product (RGDP), and Nigeria. View |
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Title: CORPORATE GOVERNANCE AND FIRM VALUE IN LISTED DEPOSIT MONEY BANKS IN NIGERIA EVIDENCE FROM DYNAMIC PANEL DATA METHOD.pdf Author: Charles Okorie Dennis & Christopher C. Ebere PhD Abstract: Abstract This study investigates the impact of corporate governance on firm value in listed deposit money banks in Nigeria using the panel data framework. Corporate governance is measured in terms of board size, while firm value is measured by market price per share. The empirical analysis is based on a model that controls for bank profitability and credit risk. Also, the empirical analysis is based on 96 firm-year panel observations obtained from 8 listed deposit money banks over the period from 2010 to 2021. Our results show that the relationship between corporate governance and firm value is consistent with the fixed effect theory. Hence, for listed deposit money banks, the effect of corporate governance on firm value is moderated by unobserved bank-specific factors such as culture, management quality and leadership style. Also, we find that consistent with the agency cost theory, improvement in corporate governance practices enhances firm value. More specifically, we find that board size increase leads to higher market value. Based on these results, we conclude that board size increase serves as a signal to investors that bank managers are pursuing objectives that are consistent with their overall interest. Key words: Corporate governance, firm value, board size, fixed effect. View |
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Title: RISK MANAGEMENT AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANK IN NIGERIA.pdf Author: Ajose Kehinde Gabriel, Adetola Olugbenga A. & Popoola Adebayo Maryam Abstract: Abstract Financial institutions like banks play an important role in the economy by ensuring funds are directed from savers to investors for productive investment, innovation and economic growth. This study examined risk management on the financial performance of deposit money bank in Nigeria. The study employed ex post facto research design. Purposive sampling technique was adopted to select seven (7) deposit money bank listed on the Nigerian Stock Exchange market from 2010 to 2019. A panel data regression was used to analyze the data. Risk management was proxies with credit risk (CR), liquidity risk (LR), market risk (MR), while Financial performance was proxies with Return on Equity (ROE) , Return on Asset (ROA) and total loans and advance ratio (TLAR) . Findings revealed that credit risk( CR) and liquidity risk (LR) have significant impact on return on asset (ROA) while market risk did not has significant impact on return on asset (ROA) . Results also, show that credit risk and liquidity risk have significant impact on return on equity (ROE) while market risk has no significant impact on return on equity (ROE). Results also, show that credit risk and market risk have no significant impact on the total loans advances ratio (TLAR) while liquidity risk has significant impact on the total loans advances ratio. It was concluded that Risk Management has relevant effect on the financial performance of the Deposit Money Banks in Nigeria. The study recommend that, Regulators and policy makers of banks in Nigeria should review existing risk management policies and where necessary implement new policies to ensure proper management of credit risk, liquidity risk and market risk for banks to improve utilization of firm`s assets in generating returns. Keywords; Risk Management, Return on Asset, Return on Equity, Market Risk View |
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Title: EFFECT OF TOTAL QUALITY MANAGEMENT ON ORGANIZATIONAL PROFITABILITY IN BERGER PAINT NIGERIA PLC.pdf Author: Ogundare Olusegun Samuel PhD. Abstract: Abstract Many organizations today are losing the battle for survival to their rivals and competitors because their processes, procedures and products are not to standard. They dream organizational efficiency in the optimization of the organization’s performance both internally and externally within its respective market targets without necessarily doing the needful, hence the need for Total Quality Management. This study among other things is to examine the effect of total quality management on organizational profitability in Berger Paint Nigeria Plc. One Hundred and Twenty (120) samples were used for the study cutting across the strata of the organization. Data was gathered through structured questionnaire and the two major hypotheses formulated for this study was analyzed through Pearson Product Moment Correlation Co-efficient and simple regression analysis. The result indicated a significant relationship between total quality management and organizational profitability at 0.01 level of significance and that total quality management enhances customer satisfaction at 5% level of significance. Based on the conclusion the study recommended because of the huge investment in total quality management and it gains it is expedient that management expend all resources at supporting and institutionalizing the process so that they can compete in the market with meaning and some certainty of hope of achieving their objectives. Keywords – Total Quality Management, Customer Satisfaction, Business Process Re-engineering, Organizational Productivity, Continuous Improvement View |
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Title: DOES GOVERNMENT BORROWING INFLUENCE NATIONAL DEVELOPMENT EVIDENCE FROM NIGERIA.pdf Author: Adeoye O.O PhD, Adeoye E.T PhD, Olubiyi T. O, PhD & Ajiteru, W.O Abstract: Abstract The study ascertained whether external debt and national development indices in Nigeria are significantly related. The study used an ex-post facto research design and covered the period of 1999-2019. Data relating to GNP, external debt, capital expenditure, and currency rate were obtained from the Central Bank of Nigeria Statistical Bulletin. The data obtained is analysed using the Ordinary Least Square Method (OLS). The diagnostic test made use of the Augmented Dickey Fuller (ADF) unit root test, co integration, and error correction technique. The result shows a link between the GDP, foreign exchange rates, and capital expenditures. Also, a strong correlation between external debt and economic growth exists. The implication of the findings is that countries should only borrow from abroad if it is absolutely necessary and this should be used for profitable endeavors, rather than for social services. Furthermore, the marginal output of the loan should always surpass the interest payments and Government should boost anti-corruption agencies to lower thefts and corruption. Keywords: Development, Debt, Finance, Public, Infrastructure View |
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Title: EFFECT OF ELECTRONIC PAYMENT SYSTEMS ON CUSTOMERS SATISFACTION OF DEPOSIT MONEY BANKS IN JALINGO METROPOLIS.pdf Author: Isa M. Adamu PhD,, Kozah, Vincent Andrew & Jamilu Babayo Abstract: Abstract The aim of this study is to examine effect of electronic payment systems on customers satisfaction of deposit money banks in Jalingo Metropolis. Specifically, the study examined the combined effects of Automated Teller Machines (ATM) and Point of Sales (POS) on customer satisfaction. The study adopted survey research design for the purpose of achieving the objectives of the study. The population of the study comprised of all the customers of the twelve (12) quoted deposit money banks in Nigeria with branches in Jalingo Metropolis. While the sample size of 250 customers was conveniently, determined by randomly selecting 25 customers from the 12 operational banks in Jalingo. Primary data was collected through a four-point likert scale questionnaire. The study adopted the use of multiple regression analysis technique to analyze the data and the result revealed that both ATM and POS have significant effect on customer satisfaction . It was therefore, recommended based on the findings that banks should improve their collaborations with network providers in order to reduce the number of failed electronic transactions in Jalingo Metropolis. Key Words: Atm, Pos, Eps, Eft View |
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Title: AUDIT INNOVATIVE TECHNOLOGIES AND QUALITY OF AUDIT SERVICES IN NIGERIA.pdf Author: Owolabi, Babatunde, Owolabi, O.J, Ajayi-Owoeye A.O, Peace E.K, Alu, Chituru N.A & Olurin O.T Abstract: Abstract Purpose – Firms’ financial reports have lost their credibility as a result of audit failure due to quality audit services and output, the integrity, usefulness, and merit value of financial statement are all under risk. The thrust of this study therefore was to examine the impact of audit innovative technologies on audit quality. Design/Methodology/Approach - The study employed the survey research design. The population of the study consisted 3,650 staffs from the big 4 audit firms in Nigeria by their Human Resources department as of June, 2022 via the web page. The sample size consisted of 281 auditors from the big 4 audit firms. Data were sourced through structure questionnaire via Google forms, the data collected was thereafter analyzed using Descriptive and Inferential statistics. Findings - The findings revealed that audit innovative technologies have a significant effect on audit timing, audit engagement, audit cost, audit output and processes. Conclusion - The study concluded that audit innovative technologies (Cloud and cognitive technologies, data mining, big data analytics, robotics intervention and computer assisted audit tools) have a significant joint influence on audit quality. The study recommended that management should ensure that audit innovative technologies adopted to ensure that work is completed properly within the specified time, thereby facilitating coordination of audit work done by auditors and experts. Keywords: Cloud and cognitive technologies, Data mining, Audit cost, Audit innovative technologies and Audit quality. View |
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Title: EFFECT OF PROACTIVE ACCOUNTING MEASURES ON PAYROLL FRAUD IN THE BAYELSA STATE.pdf Author: Odogu, Terry Keme Zuode Abstract: Abstract This study is designed to determine if the adoption and deployment of proactive and preventive measures by the Bayelsa State Government and the Central Bank of Nigeria checks and prevents payroll fraud in the Bayelsa State Civil Service. The study used the Cochran formula to determine an appropriate sample size from its large unknown population, and administered questionnaire on a sample of 250 civil servants of selected ministries and bankers in the State. It used descriptive and inferential statistics from SPSS 22 outcome to analyze data collected. Findings from the results and analyses revealed that the adoption, deployment and implementation of Biometric Personnel Verification and Payment (BPVP) and Bank Verification Number (BVN) by the Bayelsa State Government and the Central Bank of Nigeria significantly checks and prevents payroll fraud. This was evident from the significant p-value of 0.000 and the positive coefficients of 0.666 and 0.533 in respect of payroll fraud against the independent variables of BPVP and BVN. Consequently, the study concludes that the adoption, deployment and implementation of BPVN and BVN have significantly reduced the monthly wage bill of the Bayelsa State Government. Accordingly, the study recommends that BPVN should be widely adopted and pragmatically deployed across the country, and that the Federal Government and Central Bank of Nigeria should proactively monitor and support the implementation of the BVN scheme in the country. View |
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Title: ENTREPRENEURIAL INTENTIONS AND YOUTH EMPLOYABILITY IN NIGERIA A STUDY OF FRESH GRADUTES EMPLOYABILITY.pdf Author: Paul I. Ojeaga & Agbatogun,Taofeek Osidero Abstract: Abstract The study investigated the determinants of entrepreneurial intentions and fresh graduates’ employability. The study applied correlation and multiple regression approach and establishes empirical support for some premises made in the literatures. Regression Coefficients showed that there was positive relationship between personality traits and entrepreneurial intention. A unit increase in positive personality traits was found to cause about 0.447 unit increase in entrepreneurial intention significant at 1%. Therefore, the null hypothesis was rejected; thus, there was positive relationship between personality traits and entrepreneurial intention. Hypothesis three stated that family background does not significantly impact future business potentials. There was a statistically significant relationship between family background and future business potentials. The correlation value of 51.0% was high significant with p-value of 0.000. This implies that family background positively brings about increase in future business potentials. It was concluded from the findings that there was positive entrepreneurial attitude and intention exist to a remarkable degree among Nigerian undergraduates. Keywords: Entrepreneurial intention, Employability, Fresh Graduate, Educational support and Family background View |