2021 Archive
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Title: BANK OF AGRICULTURE FINANCIAL INCENTIVES AND COMMERCIAL AGRARIAN NARRATIVES OF WUKARI ZONE IN NIGERIA.pdf Author: Prince Umor C. Agundu PhD. & Jennifer Dangana Abstract: Abstract Financial allocation to agriculture compared to the quantum channelled to other sectors has remained deficient over the years. As agricultural engagements require long-term investments, harnessing short-term funds from Deposit Money Banks (DMBs) and other money market institutions is construed as mismatch. In this regard, incentivising interventions from the Bank of Agriculture (BOA) constitute imperative lifelines. This study examines BOA financial incentives in relation to the commercial agrarian narratives of Wukari Zone in Nigeria. Analysis of data sourced from bank officials and incentive beneficiaries are analysed using descriptive and inferential statistics, substantiated by coefficient of determination and t-statistics at the 95% confidence level, andcomputationally facilitated by Statistical Package for Social Sciences (SPSS). The results establish that Agricultural Credit Support Scheme has positive and significant relationship with commercial agrarian capacity (p-value = 0.002 View |
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Title: TESTING THE OIL REVENUE AND GOVERNMENT EXPENDITURE NEXUS IN NIGERIA.pdf Author: Esther O. Lawal PhD. & Temitope M. Omosuyi Omosuyitope Abstract: Abstract This study examines the nexus between oil revenue and government expenditure in Nigeria using time series data from 1987 to 2019. Auto-regressive Distributed lag(ARDL) model, Bound testing, and Augmented Dicky-Fuller unit root approaches were adopted to examine this objective empirically. The unit root tests also show that the variables are integrated at different orders. On the back of this, the Autoregressive model is employed to examine both short-and long-run relationships between oil revenue and government expenditure. Even though the explanatory variables, oil revenue, and government expenditure, do not have a statistically significant impact on government expenditure, but the bound testing shows the presence of a long-run relationship among the selected variables, This finding is, however, justifiable when considering the fact despite several plunges in oil prices and revenue, particularly during major global economic or health crises, the Nigerian government has consistently increased her expenditure, With this foregoing, government expenditure remains sticky downward even amidst a prolonged deceleration in oil revenue which accounts for more than 50% of total consolidated revenue.. Keywords: ARDL, Bound Testing, Government Expenditure, Oil revenue, Government debt, Oil price. View |
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Title: IMPACT OF ECONOMIC MELTDOWN ON THE STAFF OF COLLEGES OF EDUCATION IN SOUTH-SOUTH GEO-POLITICAL ZONE OF NIGERIA.pdf Author: Imahe, Godfrey & Uwagboe, Howard Eghosa Abstract: Abstract Work is important to us for many reasons. Besides providing us with income, it contributes to our mental and emotional well-being. Work satisfies the human desire to be a productive member of society and to have a purpose in life. It also engenders within us a measure of self-respect. Hence even some who have more than enough money to care for their needs or who are eligible for retirement, prefer to continue working. Yes, work is so important that the lack of it usually invites serious social problems. In several countries many people are forced to support themselves by hard physical work for long hours at an exhausting pace, perhaps even doing a dangerous job for little pay. Until recently many in other lands were certain that once hired by a large company or by a state-run department, they would have a secure job until retirement. But today there no longer seem to be businesses or corporations that are able to offer desirable employment and security at any level. Why? This is as a result of economic meltdown in Nigeria. This paper x-rays the impact of economic meltdown on the staff of colleges of education in south-south geo-political zone of Nigeria. View |
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Title: EFFECT OF LEADERSHIP STYLES ON ORGANIZATIONAL PERFORMANCE A CASE STUDY OF NARICT ZARIA, KADUNA STATE.pdf Author: Keyna Marie Chizoma Eshika Abstract: Abstract This study examined the effect of leadership styles on organizational performance of NARICT, Zaria Kaduna State. It used four independent variables of democratic leadership style, bureaucratic leadership style, autocratic leadership style and laissez-fair leadership style. The study adopted survey research design and it had a population of one hundred and forty two (142) management staff. The sample size of 104 was arrived at using Taro Yamane sample size determination model. Primary method of data collection was used and it was analyzed using simple percentage, descriptive statistics, spearman correlation and ordinary Least Square regression technique. The findings revealed that democratic leadership style and bureaucratic leadership style had positive and significant effect on organizational performance while autocratic leadership style and laissez-fair leadership style had insignificant effect on organizational performance in NARICT Zaria Kaduna State. The study recommended inter alia that top management NARICT Zaria, Kaduna State should be utilizing more of democratic and bureaucratic leadership styles to enhance organizational performance in NARICT Zaria Kaduna State. View |
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Title: EFFECT OF CAPITAL MARKET ON THE ECONOMIC DEVELOPMENT OF EMERGING ECONOMIES NIGERIA AND KENYA.pdf Author: Mpamugo, Chikwendu Samuel , Chigbu, E. Emmanuel., Oforegbunam T. Ebiringa & Aghalugbulam B. C. Akujuobi Abstract: Abstract Using time series data of 28 years period (1990-2018), this study investigated the effect of capital market on the economic development of emerging economies involving Nigeria and Kenya. The main objective of the study was to determine if there is a significant relationship between the capital market and economic development in the countries under study. In this study, human development index (HDI) was used as a proxy for economic development. To test the suitability of data used in order to avoid spurious regression, the augmented dickey-fuller unit root test was used. Johansen’s co-integration test and the error correction model were also used in the analysis while the granger causality test was used to determine the direction of causality between the variables. Results of the study revealed that the relationship between market capitalization and human development index in Nigeria was positive and insignificant while in Kenya, the relationship was found to be negative and insignificant. Again in Nigeria, human development index was found to be a positive and significant function of both value of securities traded and stock market turnover ratio. In Kenya, on the other hand, while the value of securities traded was found to have a positive and significant effect on human development index, stock market turnover ratio was found to have a negative and significant effect on human development index. All share index exerted negative and significant effect on human development index in Nigeria while in Kenya, its effect on human development index was positive and significant. Human development index was found to granger cause all share index in Kenya, while in Nigeria, stock market turnover ratio was found to granger cause human development index. It is recommended that policies should be formulated and implemented to ensure more transparent institutional and legal framework as well as remove listing impediments in order to encourage participation of more companies in the market. Awareness on the benefits of investing in the market should be created through public enlightenment campaign. These measures will help to build up investors’ confidence, increase investment instruments, reduce cost of transaction, and encourage foreign portfolio and direct investments; with the overall effect of facilitating economic development in the affected countries. Keywords: market capitalization, human development index, co-integration, error correction model, causality. View |
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Title: ACCOUNTING INFORMATION SYSTEM AND AUDIT QUALITY OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA.pdf Author: Kevin Ekpeni., Fola Adegbie PhD. & Owolabi Babatunde Ayodeji PhD. Abstract: Abstract The level of collapses, mergers and acquisitions of deposit money banks in Nigeria is alarming. As such, regulators are considering some level of developments to improve audit quality. The increased roles of internal auditors into adding value to entities resulted to the demand for technological innovations to enhance audit quality. Survey research design was adopted for the study with the use of copies of questionnaire. The study was descriptive and inferential in nature. The population for the study consisted of 12 listed deposit money banks on Nigerian Stock exchange (NSE) as at 31st December, 2019. Five (5) of the banks were randomly selected. The total of 116 copies of questionnaire was administered through emails and retrieved from the internal auditors of the selected banks. The study found that accounting information system has significant effect on internal audit quality of quoted deposit money banks in Nigeria. Keyword: Accounting information system, internal audit quality, audit process quality, audit report quality, deposit money banks. View |
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Title: EFFECT OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD (IPSAS) ON FINANCIAL REPORT COMPARABILITY, RELEVANCE AND TIMELINESS A STUDY OF KANO STATE.pdf Author: College, E. Ogodogun., Emmanuel, I. Okoye PhD. & Ugochukwu, J. Nwoye PhD. Abstract: Abstract This study was carried out to assess the outcome of International Public Sector Accounting Standard (IPSAS) on financial reporting quality in Kano state. In executing the study, the Ex-post Facto research design was used. This involved the examination of financial reports of Kano state for the period 2016 - 2020. Data were collected through content analysis, while data analysis was done using the SPSS Correlation Analysis on the variables of comparability, relevance and timeliness. The statistical tool of SPSS Linear Regression technique was employed to test the formulated hypotheses. Findings revealed that the financial statements of Kano state show qualitative characteristics of comparability, relevance and timeliness after the implementation of International Public Sector Accounting Standards accrual basis. The implication of the findings is that, the financial reports of Kano state might have remained incomparable, irrelevance and untimed, if IPSAS was not implemented. It is therefore recommended that, other States that are yet to implement the IPSAS accrual reform should do so in order to make their financial reports to be comparable, relevant and published timely. Keywords: IPSAS, Relevance, timeliness, comparability, financial reporting, decision making. View |
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Title: ENVIRONMENTAL INFORMATION DISCLOSURE PRACTICES OF PHARMACEUTICAL MANUFACTURING COMPANIES AND CORPORATE RELATIONSHIP WITH HOST COMMUNITIES IN NIGERIA.pdf Author: Duruzor, Ifeoma Gloria., Okeke, Frankline & Akaa, Chioma Nneoma Abstract: Abstract The study was conducted to examine the influence of environmental information disclosure practices of pharmaceutical manufacturing companies on their corporate relationship with their host communities. Two research questions and two hypotheses guided the study. The population was 20 accountants from selected pharmaceutical manufacturing companies and 30 members of the communities. The instrument for data collection was a structured questionnaire developed by the researcher. The reliability of the instrument was done using Cronbach alpha reliability computation and yielded an index of 0.81. All the copies of the instrument were correctly filled and rationed. Mean and standard deviation were used in analyzing the responses to the research questions while t-test was used in analyzing the hypothesis. The findings revealed that effective environmental information disclosure practices by pharmaceutical manufacturing companies will improve their relationship with their host communities. It was recommended among others that pharmaceutical companies should be encouraged to be disclosing their environmental information as at when due using different regulations. Keywords: Environment Accounting, Environmental Information, Environmental Information Disclosure Practices and Corporate relationship. View |
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Title: WORKING CAPITAL MANAGEMENT AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS (FOOD PRODUCTS) COMPANIES IN NIGERIA.pdf Author: Adewumi Zaid Adeyemi., Israel Adebowale Agunbiade & Ademidun Elizabeth Ibitoye Abstract: Abstract Working capital management is one of crucial decisions that must be taken by the management for the survival of the firm. It affects not only profitability but also liquidity of the firm. This study examines working capital management and financial performance of listed consumer goods (food products) companies in Nigeria for a period of ten years, 2010 to 2019. Data were collected from annual reports and accounts of sampled companies. Working capital management was measured by inventory conversion period, average collection period, average payment period and cash conversion period, while return on assets and earnings per share were used to measured financial performance. The study employed descriptive statistics, correlation matrix and regression analysis to analysis data collected. Findings of the study reveal that working capital management variables have positive and significant impact on financial performance variables of sampled companies. The study recommends that listed consumer goods (food products) companies should manage their working capital effectively and efficiently in order to improve their financial performance. Keywords: Working Capital Management, Return on Assets, Earnings Per Share, Trade-off Theory, Consumer Goods Companies View |
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Title: TRANSFORMATIONAL LEADERSHIP STYLE AND CONTINUANCE COMMITMENT IN SELECTED INTERNATIONAL OIL COMPANIES IN RIVERS STATE.pdf Author: Ayodele Woluchem & E. Amah PhD. Abstract: Abstract This study investigates the relationship between transformational leadership style and continuance commitment in selected international oil companies in Rivers State. The study has as dimensions of leadership styles, participatory leadership style, transactional and transformational leadership styles. The dependent variable employee commitment was measured using affective commitment, continuance commitment and normative commitment. The study adopted the cross sectional research design, a form of the quasi experimental research design. A population of 1651 was drawn for this study; a sample of 327 was obtained using the Krejcie and Morgan sample size determination table. The questionnaire was the main instrument for data collection as mainly primary data was collected for this study. The instrument was subjected to construct and content validity while reliability was checked using the Cronbach Alpha test of the SPSS. Factor analysis was done and regression was used to test the hypotheses of this study. The findings revealed a significant and positive relationship between the dimensions of leadership styles and the measures of employee commitment. The study concluded that leadership styles significantly affected the level of commitment employee’s show and organization. The study recommended that Leaders should ensure employees participate in decision making process as this will make them more motivated towards achieving organizational goals. View |
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Title: CUSTOMER’S SATISFACTION WITH ELECTRONIC BANKING PRODUCTS AND SERVICES IN DEPOSIT MONEY BANKS (DMBs) IN NIGERIA.pdf Author: Gabriel Tuoyo Kubeyinje & Joseph Edewor Agbadudu PhD. Abstract: Abstract This study empirically examined customer’s satisfaction with Electronic (E)-banking products and services in Nigeria. Data were collected from 246 e-banking users, sampled from Nigeria tier 1 or FUGAZ acronym for the quintet Deposit Money Banks (DMBs), and quoted in the Nigeria Stock Exchange (NSE) in Warri, Delta State, Nigeria. The data obtained were analyzed using descriptive statistics, fixed effect panel data multiple regression and Pearson product moment correlation which were computed electronically by the use of Statistical Package for Social Sciences (SPSS) version 24. The study found out that demographic characteristics (age and number of banks) had significant influence on customer satisfaction with e-banking products and services, while demographic characteristics (sex, experience with e-banking and education level) do not significantly influence customer’s satisfaction with e-banking products and services. Pearson product moment correlation results reveal a positive and significant relationship between usage and security associated with customer’s satisfaction with e-banking products and services. The study recommends that DMBs should increase their advertorial efforts at their present and potential customers to enhance their satisfaction; continue to upgrade their e-banking security, and enlighten customers of these efforts to boost their confidence in using e-banking platforms. Keywords: E-banking, Customer, Products, Services, Security, Demographic View |