The survival of a business depends on its ability to manage profitability and control cash to ensure high liquidity position especially in this era of COVID-19 outbreak. This study thus, examined cash control practices (CCPs) impact on the financial performance (PFs) of some selected plastics and energy firms (PEFs) in Nigeria. This study adopted case study research design. The population of this study is made up of all the PEFs in Nigeria. Panel secondary data was used to elicit information from the annual accounts and reports of the selected companies. This study employed regression models and non-parametric test to analyze the data. The results from non-parametric test showed a rejection of the tested three hypotheses at 0.05% significant level confirming that CCPs exert significant impact on the FPs. This study concluded that there are positive effects of CCPs on the FPs of PEFs in Nigeria. This study recommended that adequate the CCPs that can block cash pilfering should be installed to improve FPs of companies in Nigeria and other countries. The outcome of this study would gear up the business owners to install cash control procedures that could resolve cash mismanagement and liquidity problems for their businesses. Furthermore, findings from this study would serve as a valuable data for future research in this study area.
Key Words: Cash control practices, financial performance, Nigerian plastics and energy firm
