VALUE RELEVANCE OF RISK DISCLOSURE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This study investigates the value relevance of risk disclosures among listed deposit money banks in Nigeria. The population consists of 12 deposit money banks quoted on the Nigeria Exchange Group as at 31st December, 2023. Data collected were sourced from the annual reports of the banks from 2009 to 2022. Panel data collected were analyzed using descriptive statistics, and regression analysis. The analysis reveals that credit, liquidity, loan default, foreign exchange and interest rate risks have insignificant effects on share prices, but the effects are positive for liquidity and loan default risks, and negative for credit, foreign exchange and interest rate risks. However, earnings per share, book value per share, and firm size are significant predictors of the listed banks’ share prices. The study concludes that share prices of listed banks in Nigeria are influenced by accounting information and size of the banks rather than its risk information disclosure. The policy implication is that management of listed banks should pay attention to accounting policies and standards that form bases for determining accounting information issued by the banks rather than risk information disclosures. The findings also have implications for the investors, stock market regulators and other players. &nbsp

EFFECT OF AUDIT COMMITTEE ATTRIBUTES ON FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

This study examined the impact of audit committee attributes on financial performance of listed industrial goods firms in Nigeria. Audit committee attributes is proxied by audit meetings, audit independence, audit size and audit gender diversity, while financial performance is proxy by return on asset (ROA). Data for the study were obtained from audited annual report and account of the sampled firms which consist of ten (9) listed industrial goods firms in Nigeria for a period of 10 years from 2013 to 2022 on the Nigeria Exchange Group giving a rise to 90 industrial goods observations. Multiple regression analysis was used as techniques of data analysis. The study found that there is a positive and significant relationship between audit committee meetings and return on asset of listed industrial goods firms in Nigeria. However, the findings of the study revealed a negative and insignificant relationship between audit committee independence and return on asset. Furthermore, the study revealed a positive and statistically insignificant relationship between audit committee size and audit committee gender diversity effect on return on asset of listed industrial goods firms in Nigeria. The study recommends among others that given the positive and statistically significant relationship between audit committee meetings and ROA, the management of listed industrial goods firms should prioritize regular and effective audit committee meetings to enhance oversight and governance, leading to improved financial performance

TAX ADMINISTRATION AND COMPLIANCE IN NORTH-WEST NIGERIA: THE MODERATING ROLE OF TAX POLICIES AND GUIDELINES IN THE INFORMAL SECTOR

This study investigates the influence of tax administration on tax compliance in the informal sector of North-West Nigeria, with a focus on the moderating effect of tax policies and guidelines. Using a survey research design, data were collected from 464 tax administrators across Kano, Kaduna, and Katsina states. The analysis employed multiple linear regression to test direct and interaction effects. Results indicate that while tax administration significantly improves compliance metrics such as reporting integrity, timely filing, tax justice, and payment, tax policies and guidelines had a statistically significant but negative direct effect. Also, the interaction term (Tax Administration × Tax Policies and Guidelines) was not statistically significant, suggesting that these policies do not meaningfully moderate the tax administration-compliance relationship. The study recommends enhancing the clarity and implementation of tax policies, alongside capacity-building programs for tax officials

EFFECT OF PROFITABILITY AND FIRM GROWTH ON FINANCIAL REPORTING QUALITY OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

The objective of this study is to investigate the effect of profitability and firm growth on financial reporting quality of listed industrial goods firms in Nigeria. Given the distinctive challenges characterizing the industrial goods sector such as high capital intensity, cyclical demand patterns and exposure to economic fluctuations, it is essential to examine how these factors influence the relationship between firm performance metrics like profitability and growth on financial reporting quality in this sector. A sample of 9 industrial goods firms were selected from the population of 13 firms listed on the Nigerian Exchange Group (NGX). Data was collected through secondary sources from annual reports of the companies from 2014- 2023. The study adopted the ex-post factor research designs and employed the use of generalized least squares regression as a tool for data analysis. The effect of corporate attributes on financial reporting quality was measured using the residuals from the modified Jones model by Dechow, Sloan and Sweeney (1995). The results showed a positive significant effect of profitability on discretionary accruals proxied by financial reporting quality (FRQ). For firm growth, a negative but significant effect on discretionary accruals was reported. Based on the findings, it is recommended that managers of industrial goods firms may choose to pursue firm growth strategies, through diversifying product lines and strengthening distribution channels, as it has been found empirically to enhance the quality of the firms’ reporting. Regulators such as Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and Financial Reporting Council of Nigeria (FRCN) should monitor compliance with firms’ disclosure requirements, and impose strict penalties for violations especially in areas of financial misreporting to deter unethical reporting practices

EFFECT OF BOARD COMPOSITION AND OWNERSHIP CONCENTRATION ON EARNINGS QUALITY OF QUOTED CONSUMERS GOODS COMPANIES IN NIGERIA

Separation of control gives rise to managers’ right to control and use accounting estimates and techniques that can increase shareholders’ wealth. This has become more relevant in recent years as more firms are listed on the flow of Nigerian stock exchanges as public companies. The study examines the influence of board composition and ownership concentration on the quality of earnings of quoted consumer goods companies in Nigeria using a panel dataset of publicly listed companies over ten years. The study reveals that ownership concentration and board size of the explanatory variables are statistically and significantly influencing the explained variable, earnings quality at 1% and 5% level of significance, respectively. On the other hand, board independent directors and firm size have an insignificant impact on the earnings quality. It is, therefore, concluded that ownership concentration and board size are good variables that impact earnings quality. The study, therefore, recommends, among others, that the management of listed consumer goods companies in Nigeria should recognize board size and block holders when selecting the accounting method to be used, which will indicate the future performance of the company in the flow of earnings reporting

THE ROLE OF RELIGIOUS LEADERS IN PROMOTING ISLAMIC INSURANCE (TAKAFUL) IN NORTHERN NIGERIA

Islamic insurance, or Takaful, presents a Sharia-compliant alternative to conventional insurance by emphasizing cooperation and ethical financial principles. Despite its alignment with Islamic values, Takaful adoption remains limited in Northern Nigeria due to low awareness and prevalent misconceptions. This conceptual paper investigates the influential role of religious leaders, including Imams and Islamic scholars, in promoting Takaful within the socio-religious context of Northern Nigeria. Utilizing the Theory of Planned Behavior and Diffusion of Innovations, the study explores how religious leaders shape attitudes, social norms, and trust towards Takaful products. The paper synthesizes existing empirical findings and proposes strategic recommendations such as integrating Takaful education into sermons, issuing fatwas, and leveraging media platforms to enhance community engagement. The findings highlight religious leaders as critical agents in fostering Takaful adoption and advancing financial inclusion in Northern Nigeria, thereby contributing to the broader discourse on Islamic finance and socio-religious influences on economic behavior

EXAMINING THE MODERATING EFFECT OF INDUSTRY TYPE ON THE RELATIONSHIP BETWEEN BOARD BUSYNESS AND CORPORATE SUSTAINABILITY REPORTING: EVIDENCE FROM NIGERIAN LISTED FIRMS

This study examines the impact of industry type on the relationship between busy board and corporate sustainability reporting. The study adopts quantitative research design using a panel data approach and data were collected from annual reports of 94 companies listed on the Nigerian Exchange Group (NGX) for the period of seven years (2016 to 2022). Panel corrected standard error (PCSE) was used to analyze the data. The results shows that there is no significant relationship between busy board and corporate sustainability reporting. However, the findings shows that there is positive significant relationship between industry type and corporate sustainability reporting. Furthermore, it was found that, industry type significantly influences the relationship between busy board and corporate sustainability reporting. The study recommends that, companies should regularly reassess their board composition to ensure alignment with sustainability objectives, prioritizing the appointment of directors with relevant expertise and a commitment to sustainability, despite the study\u27s finding of a negative and insignificant relationship between busy boards and sustainability reporting. Similarly, regulatory agencies should develop tailored reporting standards that consider industry-specific challenges and opportunities

A REVIEW OF NIGERIA\u27S COLONIAL AND POST-COLONIAL DEVELOPMENT PLANNING PARADIGMS AND EXPERIENCES IN RELATION TO CHINA

The paper reviews Nigeria’s development planning journey relative to China’s, highlighting the superiority of endogenous development plans driven by internal visions, values, and capacities over externally driven economic strategies. The paper covers the colonial and post-colonial eras. While most of the colonial era was dominated by exogenous development planning, during the era of Self-Government (1954-1960), the regional governments adopted endogenous development planning, which significantly accelerated development. In the period 1969-1974, for the first time, the federal government adopted endogenous development planning culminating in Nigeria’s Second National Development Plan (1970-1974), which emphasized national sacrifice, unity, and collective ownership of the recovery process and assigned ownership and responsibility to drive the post-war economic planning to the government and all citizens. However, the 1975 military coup began a process of rolling back development planning, a process that was effectively ended when Nigeria began implementing the structural adjustment policies in 1986.While China transitioned to knowledge and innovation-driven economy and the second largest in the world, Nigeria remains a highly indebted resource-driven economy. The paper advocates a return to endogenous planning principles, reviving the communal, self-reliant ethos of the Second National Development Plan

BUSINESS ENVIRONMENT AND MANAGEMENT ACCOUNTING PRACTICES IN NIGERIA

Management accounting practices are critical for enhancing decision-making, efficiency and sustainability in organizations. The study addresses the adverse effects of unstable economic conditions and evolving technological demands on the adoption and effectiveness of management accounting practices in Nigeria. The study employed a descriptive survey research design. A sample size of 100 respondents was selected using a random sampling technique. Data were collected through a structured questionnaire validated for content and construct reliability. The Ordinary Least Square regression was used as the method of data analysis. The findings revealed that economic condition has a significant negative effect on management accounting practices while technological advancement has a positive significant impact on management accounting practices. The combined effect of business environment on management accounting practices was positively significant. The study concludes that a conducive business environment, particularly stable economic conditions and technological advancement, play a key role in fostering effective management accounting practices. Policymakers and stakeholders should prioritize these elements to support the operational and financial decision-making capabilities of firms. The study recommended that firms should adopt strategic approaches to mitigate the negative effects of economic instability while leveraging technological advancements to improve management accounting practices. Policies promoting economic stability and subsidized access to technological tools are also suggested to enhance management accounting practices adoption and efficiency

WORKING CAPITAL MANAGEMENT AND FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

This study examined the impact of working capital management on the financial performance of listed industrial goods firms in Nigeria. Secondary data were collected from the annual reports and accounts of the sampled firms. The study covered a period of ten years (2014-2023). The population consisted of 13 industrial goods firms listed on the Nigerian Exchange Group as of December 31, 2023. Ten of these listed companies were used as samples. The study employed an ex-post facto research design; an ordinary least squares (OLS) regression was used for data analysis. Findings from hypothesis testing indicate that there is a significant relationship between working capital management and financial performance. This suggests that profitability in industrial goods firms is significantly influenced by working capital components, and vice versa. The study concluded that for operational success and survival, industrial goods firms should not compromise on efficient and effective working capital management. It is recommended that these firms adopt more restrictive trade credit policies for customers with shorter payment periods, which will shorten accounts receivable days, reduce bad debts, and increase sales. Additionally, companies should closely monitor their payables and adapt as macroeconomic conditions change to ensure performance remains viable, improve liquidity, and reduce over-reliance on high-interest loans for daily operations