Volume 6 (2022)

1

Research Article

Impact of Covid-19 Pandemic on Nigerian Capital Market: The Imperative of Testing the Efficacy of Efficient Market Hypothesis

Hamza Zubairu Kofarbai^*, Mohammed Sani Umar, Usman Muhmmad Dakingari

In this paper we reviewed the efficacy of Efficient Market Hypothesis (EMH) on the outbreak of Covid-19 on Nigerian Capital Market. The EMH is a theory based on informational efficiency by the capital markets owing to their quick and instantaneous incorporation of new information. The study tested the market in two parameters: to confirm the randomness (efficiency of the market) using run-test, an...

Nov, 2026 pp. 308-330

2

Research Article

Women Empowerment through Cooperative Societies and Entrepreneurship in Northwestern Nigeria: A Conceptual Analysis

Kaltume Mohammed Kamselem^*

Empowering women entails outfitting women to be financially autonomous, have positive self-esteem that can confront any challenging situation and take part in development and decision-making activities. This conceptual study is aimed at promoting women empowerment through cooperative societies and entrepreneurship. This study reviewed the existing literature and eventually developed the conceptual...

Nov, 2022 pp. 147-159

3

Research Article

Competitive Advantage and Performance of Furniture Manufacturing Businesses in Maiduguri Metropolis, Nigeria

Ayuba Alhaji Aminu^*, Musa Usman, Mohammed Isa Bazz, Abba Umar Waziri

The 21st business environment is portrayed by significant degrees of rivalry, dynamism and technological sophistication. This is extremely difficult for Small Scale Business Owners/Managers since they must plan and implement methods to attain and sustain greater performance. Consequently, competitive advantage plays an important role as businesses aim at gaining high performance. This study examin...

Nov, 2022 pp. 1-15

4

Research Article

Mediating Effect of Customer Satisfaction on the Relationship between Service Quality and Customer Retention: A Study of Jaiz Bank Plc Operations in Kano Metropolis, Nigeria

Salamat Ibrahim^*, Ahmad Audu Maiyaki, Aliyu Dahiru Muhammad

This study examined the mediating effect of customer satisfaction on the relationship between service quality and customer retention in Jaiz bank Plc, Kano Metropolis, Nigeria. Customer’s choice of a bank, loyalty and bank’s ability to retain such customer depend on the quality of service rendered by the bank. Structural equation model was analyzed using Analysis of Moment Structures (AMOS) on the...

Nov, 2022 pp. 46-72

5

Research Article

Moderating the Role of Entrepreneurship Education on the Relationship between Perceived Access to Finance and Entrepreneurial Intentions among Undergraduate Students in Kaduna State University

Abubakar Abdullahi^*, Zainab Dabo, Yusha'u I. Ango, Helen A. Andow

Extant literature on access to financial resources and entrepreneurial intentions have produced a mixed result, but whether entrepreneurship education moderate this relationship remain un-researched. Consequently, this study sought to explore the moderating role of entrepreneurship education on the relationship between perceived access to finance and entrepreneurial intentions among students in Ni...

Nov, 2022 pp. 95-111

6

Research Article

Moderating Role of Organisational Culture on the Relationship between Strategic Thinking, Knowledge Management Capabilities and Organisational Performance: A Conceptual Model

Idris Dahiru^*, Garba Bala Bello, Murtala Aminu Ibrahim

This study investigated the relationship between strategic thinking, knowledge management capabilities and organizational performance through the moderating role of organisational culture. The study sourced relevant literature through google search engine and other related search engines. In the extant literature, the study discovered contradiction on the relationship between the variables. Based ...

Nov, 2022 pp. 112-133

7

Research Article

Modelling the Link between Entrepreneurial Orientation, Learning Orientation and SMEs Performance: The Moderating Role of Technological Orientation

Shamsudeen Muazu Salisu^*, Aliyu Audu Gemu, Hafsat Ahmed Duro, Muhammad Yazeed, Mohammed Aliyu Dantsoho, Abubakar Ado Adamu, Mohammad Nura Ibrahim Naala

The primary goal of this study is to investigate the link between entrepreneurial orientation, learning orientation and SMEs performance, with a particular emphasis on the moderating role of technological orientation. The paper used cross-sectional survey design to collect data from the sample of 272 SMEs operating in Kaduna Metropolis. The preliminary analysis was conducted using SPSS and the hyp...

Nov, 2022 pp. 270-290

8

Research Article

Interest Rates and Stock Returns of Nigerian Quoted Insurance Firms

Mustapha Olanrewaju Aliyu^*, Amina Muhammad Liman, Shukurat Moronke Bello, Aisha Aminu

The study used the Autoregressive Distributed Lag (ARDL) estimation model to establish the short-run and long-run relationship between interest rates and the return on the stock of insurance firms listed in Nigeria. The study adopted ex-post facto research design because it used secondary sources to extract data regarding the exchange rate of the Nigerian naira to the United States dollar, inflati...

Nov, 2022 pp. 30-45

9

Research Article

Stock Market Reaction to Covid-19 Lockdown Announcement in Nigeria: An Event Study Approach

Mohammed Aminu Bello^*

The study examined COVID-19 lockdown announcement effect on the Nigerian stock market. The study investigated the extent of the lockdown announcement impact on the Nigerian stock market and examined whether the reaction of the market prior to the lockdown announcement is the same with the post-lockdown period reaction. The research employed the event study methodology and computed the market model...

Nov, 2022 pp. 16-29

10

Research Article

Effect of Risk Management on Profitability of Banks in Nigeria

Shonubi Taiwo Anthony^*

This study assessed the effect of risk management on profitability of banks in Nigeria and suggested measures towards mitigating their effects on the banking sector in Nigeria taking a case of fourteen selected banks. The study covered a 13-year period from 2008 to 2020. The data for the study were obtained from secondary sources including the annual reports and financial statements of the selecte...

Nov, 2022 pp. 254-269

11

Research Article

Impact of Accounting Measure of Performance on Dividend Payout Ratio of Listed Manufacturing Companies in Nigeria

Abdul Hakeem Sa’adu^*, Aminu K. Kurfi, Garba Bala Bello

This paper examined the effect of accounting measure of Performance on Dividend Payout Ratio of listed manufacturing companies in Nigeria. Accounting measures of performance proxied by Return on Asset (ROA), Return on Equity (ROE), Return on Investment (ROI) and Net Profit Margin (NPM) were used as independent variables while dividend payout ratio (DPO) of listed manufacturing firms in Nigeria rep...

Nov, 2022 pp. 73-94

12

Research Article

Exchange Rate and Price Volatility in Nigeria: Implications on Macroeconomic Stability

Musa Samuel Olayinka^*, Ugoji Chinyelu Nwakaego, Nwolisa Chinyere Ugonwa

This research centered on exchange rate and price volatility in Nigeria. Exchange rate and price volatility are becoming serious concern in the Nigerian economy because of their rapid changes and high volatile trend leading to macroeconomic instability. We aimed to empirically investigate volatility of exchange rate and general price level in Nigeria and their effects on macroeconomic stability. T...

Nov, 2022 pp. 160-180

13

Research Article

Management Factors Affecting Lecturers Performance: A Systematic Review and Synthesis for Future Research

Suleiman Salihu Shuaibu^*, Ahmed Aliyu Palladan, Victor Ayuba, Muhammad Adamu Ahmad

This paper offered a systematic review of literature on the empirical studies on managerial factors affecting university lecturers’ performance. In line with that, the paper reviewed empirical studies conducted on African universities. Specifically, the included papers referenced how at least one managerial factor influences lecturers’ job performance in an African university. Employing systematic...

Nov, 2022 pp. 221-234

14

Research Article

Gender Discrimination and Employment Decision in Selected Nigerian Banks

Emmanuel Olaniyi Dunmade^*, Bolanle Odunlami Ibojo

Discrimination has been observed to be a cankerworm that had eaten deep into the fabric of most workplaces particularly in the developing countries like Nigeria and this has resulted in the inefficient hiring and promotion practices. Based on this, this study investigated the impact of gender discrimination on the employment decision in the selected Nigerian Banks, with a focus on First Bank Ltd.,...

Nov, 2022 pp. 181-203

15

Research Article

Impact of Board Meeting and Board Size on Financial Performance of Listed Industrial Goods Companies in Nigeria

Ahmed Mohammed^*, Kehinde Samson Oladejo

The importance of the board of directors to an organization’s capacity to gain investor confidence and enhance financial performance is unquestionable.This paper investigated the relationship between board meetings, size and company financial performance of 13 listed industrial goods companies in Nigeria using a 10-year data set (2012-2021). The data set was extracted from the Nigerian Stock Excha...

Nov, 2022 pp. 134-146

16

Research Article

Youth Empowerment Schemes and Unemployment in the Federal Capital Territory (FCT), Abuja, Nigeria

Emmanuel Olaniyi Dunmade^*, Kolawole Jayeola Asa

For Nigeria, the so called giant of Africa to stand out economically as one of the best countries in the continent and also in the world, it must effectively empower its teaming youths. This is not only to better the lots of its young citizens, but also to enable them to contribute maximally to the national economic growth, while equally minimizing the high rate of criminality in the country. Henc...

Nov, 2022 pp. 204-220

17

Research Article

Impact of Corporate Social Responsibility on Enhancing Business Performance in Nigeria: A Study of Kedco

Razika Ismail Hassan^*, Zainab Isah

This study examined the impact of corporate social responsibility on enhancing business performance in Nigeria. The specific objectives are impact of philanthropic Social Responsibility on business performance of KEDCO; impact of legal Social Responsibility on enhancing business performance of KEDCO; impact of economic Social Responsibility on business performance of KEDCO; and impact of ethical S...

Nov, 2022 pp. 235-253

18

Research Article

Integration Challenges of Expatriates in the Nigerian Oil and Gas Sector

Ibrahim Garba Muhammad^*, Safiya Garba Nadama

In the oil and gas sector, expatriates play an essential role because of their numerous advantages in creating knowledge. The discovery of oil in Nigeria created an opportunity for domestic and international investors to establish subsidiaries and partake in importing and exporting crude oil. However, these expatriates suffer conflict in performance optimization due to internal and external differ...

Nov, 2022 pp. 291-307

19

Research Article

Mediating Effect of Firm’s Growth on the Relationship between Leverage and Performance of Consumer Goods Firms in Nigeria

Ahmad Adamu Ibrahim^*, Abubakar Hamisu Umar, Yusuf Abubakar Saddiq

This paper examined the Mediating Effect of Growth on the relationship between Leverage and Performance of Consumer Goods Firms in Nigeria for the period of 2012-2017. The sample consists of a balanced panel data of 17 companies from consumer goods sectors listed on the Nigerian Stock Exchange. The study utilized econometrics regression models to test the mediating effect of growth on the relation...

Apr, 2022 pp. 66-77

20

Research Article

Moderating Effect of Audit Committee Independence on the Relationship between Auditor Tenure and Stock Returns in Nigeria

Emmanuel Igbawase Abanyam^*, Hanatu Sabo Ahmad, Muhammad Aminu Isah

The study investigates the moderating effect of Audit Committee Independence on the relationship between Auditor Tenure and Stock Returns of Consumer Goods Firms that are listed on the Nigerian Stock Exchange. Data were gathered from the Annual Financial Reports of the Companies chosen for this study covering the period from 2008 to 2019. Panel Data Regression was employed for the purpose of analy...

Apr, 2022 pp. 104-117

21

Research Article

Dividend Policy and Share Price Reaction of Deposit Money Banks in Nigeria: A Post Global Financial Crises Review

Nurudeen Oyairekhua Aileobini^*, Bala Ado K/Mata, Muhammad Yadudu

This paper examined the effect of Dividend Policy on the Market Price of Shares of Deposit Money Banks in Nigeria. The sample consists of a balanced panel data of 13 Deposit Money Banks listed on the Nigerian Stock Exchange as at 2019. The study utilized Econometrics Regression model to test the effect of Dividend Policy on Market Price of Shares of Deposit Money Banks in Nigeria. The result shows...

Apr, 2022 pp. 160-170

22

Research Article

Audit Committee Effectiveness, Risk Management and Financial Performance of Nigerian Listed Deposit Money Banks

Ishaya John Dabari^*, Zephaniah Liuraman

This study examined the moderating effect of audit committee financial literacy on the relationship between risk management and financial performance of listed deposit money banks in Nigeria adopting ex-post facto research design to define the structure and strategy of the study, the target population were listed deposit money banks (DMBs) in Nigeria as at 31st December, 2020, which were 19in numb...

Apr, 2022 pp. 118-131

23

Research Article

Target Costing as a Critical Factor for Efficiency of Manufacturing Business in Plateau State, Nigeria

Sani Alfred Ilemona^*, Nwite Sunday

The study examined the impact of target costing (TC) On the efficiency of manufacturing enterprises in Plateau State, Nigeria. Using primary sources, data for the study were obtained from responses to the questionnaire designed to reflect five (5) point Likert scale incorporating indicators of efficiency (dependent variable, PQ) and TC (explanatory variables: QoM, PrD, ProcD, and VCO) in the const...

Apr, 2022 pp. 132-140

24

Research Article

Moderating Role of Organizational Justice on the Relationship between Organizational Climate and Employees Turnover Intention: An Empirical Study

Abubakar Adamu Idriss^*, Shehu Inuwa Galoji

This correlational survey study investigates the relationship between organizational climate’s dimensions (responsibility, reward, support and structure of organization) and employee turnover intention and the moderating role of organizational justice on their relationships. The data used in this study was physically collected using questionnaire from 388 lecturers of public universities in northe...

Apr, 2022 pp. 1-10

25

Research Article

Effects of Entrepreneurial Orientation on Export Performance of Manufacturing SMEs in Kano, Nigeria

Abiodun Tope Samson^*

The basic objective of this study was to assess the effects of innovativeness, risk-taking and proactiveness on the performance of exporting manufacturing small and medium enterprises (SMEs) in Kano, Nigeria. Based on a theoretical consideration a model was proposed and three hypotheses were formulated. Survey questionnaires were used in the data collection and a total of 110 useable responses wer...

Apr, 2022 pp. 11-34

26

Research Article

Effects of Product Differentiation Strategies on the Sales Performance of Bakeries in Akure, Nigeria

Muftau Adesina Abayomi^*, Oladimeji Babafemi Olatunde

The study investigated the effect of Product Differentiation Strategies on the Sales Performance of Bakeries in Akure with a view to gaining some insight into how to improve the performance of the Industry. Using Survey Research Design, primary data were collected with the aid of a well-structured questionnaire, and a sample size of 181 respondents was used in the study. The data collected were an...

Apr, 2022 pp. 35-51

27

Research Article

Debt Financing and Firm Financial Performance: Evidence from Non-Financial Sector of Nigeria

Adamu Yahaya^*, Jamilu Abdulkadir, Ahmed Balarabe Musa

Obtaining an optimal mix of debt and equity that will significantly improve firm performance has been challenging. This study seeks to examine the effect of debt financing on the financial performance of firms in the non-financial sector of Nigeria. A total of 74 listed firms were drawn for the period of 9 years, between 2012 and 2020. The study employed two-step system generalized method of momen...

Apr, 2022 pp. 78-90

28

Research Article

Influence of Social Networking Sites on Online Purchase Behaviour: Mediating Role of Consumer Purchase Intention: A Pilot Test

Asiya Usman Maude^*, Ahmad Audu Maiyaki, Mukhtar Shehu Aliyu

The purpose of this study is to investigate the influence of social networking sites on online purchase behaviour regarding masters’ students of Dangote Business School Bayero University Kano. Survey research design is adopted and Quantitative method of data collection and analysis was used. Thus, a structured questionnaire based on Five -point scale Likert-type scale also adapted from different s...

Apr, 2022 pp. 91-103

29

Research Article

Stock Price Reaction to the Announcement of Fuel Subsidy Removal in Nigeria

Mohammed Aminu Bello^*

On the 11th of May, 2016 the federal government of Nigeria announced the removal of fuel subsidy which generated a lot of arguments and several reactions in the midst of observers and market analysts as to the likely consequences of such an action to the Nigerian economy on the market value of listed firms in Nigeria. This study aims to empirically investigate the reaction of the stock prices to t...

Apr, 2022 pp. 141-159

30

Research Article

Impact of Human Resource Development Programmes on Employee Performance: A Study of Academic Staff in FCE Zaria, Nigeria

Salihu Habiba^*, Bilkisu Ovosi Mohammed

The study was carried out with two specific objectives which are to examine the impact of in- service and workshop training programmes on academic staff job performance in College of Education, Zaria, Nigeria. Two research questions were raised in line with the objectives and hypotheses. Descriptive survey design was adopted for investigations and collection of data. The total population of the st...

Apr, 2022 pp. 52-65