Articles

1

Research Article

A Comparative Analysis of Financial Inclusion and Financial Literacy: Investigating Their Interrelationship in Selected Urban and Rural Areas of Kano State, Nigeria

Mohammed Aminu Bello^*

This study examines the relationship between financial inclusion and financial literacy in urban and rural areas of Kano State, Nigeria. Given the increasing importance of financial inclusion in fostering economic development, this research seeks to explore how financial literacy influences access to and use of formal financial services across different geographical contexts. Using a mixed-methods...

Jun, 2025 pp. 1-16

2

Research Article

Determinants of Dividend Policy in Banks in the United States: A Multidimensional Approach

Murtala Abdulrahman^*, Sani AbdulRahman Bala

Dividend policy in the banking sector remains a pivotal area of financial research, offering insights into a bank's financial health and operational strategies. This study investigates the determinants of banks' dividend policies by integrating theoretical frameworks such as the Fama-French model, Risk-shifting theory, Signalling theory, and Lifecycle theory. Utilizing data from 2015 to 2023, the ...

Dec, 2024 pp. 1-17

3

Research Article

Foreign Direct Investment (FDI) and Employment Nexus in Nigeria: An Empirical Evidence (1990-2023)

Ibrahim Aminu Jamiu^*, Muhammed Shamwil, Salihu Abdullahi

This study examined the effect of foreign direct investment (FDI) on employment in Nigeria,alongside other macroeconomic variables, including real GDP (RGDP), inflation rate (INF), andreal effective exchange rate (REER), using annual time series data from 1990 to 2023. Johansenco-integration test was employed to observe both short-term and long-term effects. In the presenceof two cointegrated equa...

Jun, 2024 pp. 1-16

4

Research Article

Resilience of Regional Trade Agreements: Evidence from United State of America Tariff Treatment of UMSCA and Japan in the Post-Crisis Era

Isma’il Tijjani Idris^*, Anthony Unyime Abasido

This study examines the resilience of regional trade agreements through an analysis of U.S. tariff treatment under the United States–Mexico–Canada Agreement (USMCA) and the U.S.–Japan Trade Agreement, using data obtained from the 2025 U.S. Tariff Database. The study adopts a quantitative research design using secondary data collected by extracting product-level tariff schedules reported under the ...

Jun, 2025 pp. 17-27

5

Research Article

Determinants of Transparency and the Financial Reporting Quality of Nigeria Listed Firms

Oloruntoba Sunday Rufus^*, Ologun Olubunmi Veronica

The issue of transparency in financial reporting has become a vital practice due to financialscandals experienced by the big companies in recent years. As a result of this, the study evaluatesthe determinants of transparency on financial reporting quality of listed firms in Nigeria. The studyemployed ex-post facto research design. The population of the study consists of one hundred andseventy-one ...

Jun, 2024 pp. 17-33

6

Research Article

Determinants of Capital Structure of Listed Non-Financial Firms under Firm Life Cycles in Nigeria

Joel OBAYAGBONA^*, Faith Evbayoboru IDEHEN

This study examines the determinants of capital structure under firms’ life cycles in Nigeria. A sample of seventy six (76) non-financial firms were investigated for the period 2014 to 2022. The dependent variable is debt-to-total asset, while the independent variables are firm size, growth opportunities, profitability, asset structure and firm age. Dummy variables (DLum1-5) were used to represent...

Dec, 2024 pp. 18-37

7

Research Article

Impact of Entrepreneurship Financing on Economic Growth in Nigeria (1996-2023)

Adewale Abass Adekunle^*, Ozabeme, Lucky Saviour

This research investigates the impact of entrepreneurship financing on economic growth in Nigeria from 1996 to 2023. The study is premised on the increasing recognition of entrepreneurship as a catalyst for economic development, job creation, and innovation. The objectives are to examine the impact of credit to the private sector and SMEs on Nigeria’s economic growth, assess the relationship betwe...

Jun, 2025 pp. 28-46

8

Research Article

An Analysis of Nigeria's Pension Industry: Growth, Challenges, and Resilience from 2008 to 2020

Ashim Babatunde Sogunro^*, Olaronke Olufemi Oyelade, Dallah Hamadu

This study provides an analysis of Nigeria's pension industry from 2008 to 2020, utilizing dataobtained from the National Pension Commission (PenCom). It examines the growth and challengesof retirement savings account registration, pension operators, contributions, assets, and fundportfolio administration in the country. The data for this study, spanning 2008 to 2020, was sourcedfrom the annual re...

Jun, 2024 pp. 34-46

9

Research Article

Effect of Monetary Policy on Health Outcome in Nigeria (1980–2022)

Efosa O. IMADE^*, Joel OBAYAGBONA

The study investigates the effect of monetary policy decisions on health outcome/fertility rate in Nigeria over the period 1980 to 2022. The specific objectives are to examine the relationship between monetary policy rate (MPR), treasury bills volume (TBV), cash reserve ratio of banks (CRR) and liquidity ratio of banks (LQR) and fertility rate (FERR). The cointegration and Error Correction Model (...

Dec, 2024 pp. 38-49

10

Research Article

Effects of Total Public Debt Stock on Economic Growth in Nigeria: A Disaggregated Analysis

Atiku Saleh^*

This study investigates the impact of public debt on economic growth in Nigeria, using the Debt Overhang Theory as a framework. The theory suggests that high debt levels can reduce growth by discouraging investment and causing fiscal strain. Quarterly data from 2007Q1 to 2024Q2 were sourced from the Debt Management Office (DMO), Central Bank of Nigeria (CBN), and National Bureau of Statistics (NBS...

Jun, 2025 pp. 47-64