Articles

Browse our published research articles

38 articles
31
Research Article

Co-Operative Insurance in Nigeria: Challenges and Issues

Obinna C. Chilekezi*

Insurance is a mechanism through which members of the society channel their resources into a pool in order to address the impact of perils that could cause devastating losses to them. Insurance per se is a form of cooperatives for the pooling of funds for the purposes of indemnify losses. This study reviewed the operations of the cooperative insurance model through looking at their challenges, and...

Jun, 2025 pp. 142-151
32
Research Article

Analysis of the Impact of Saudi Arabia's Diversification on the US Dollar's Value And International Trade Patterns

Abdulgaffar Muhammad*, Odiase Bernard Osiahon, Nana Aishah Abdurrazzaaq, Adedokun Lateef Adetunji

This study examined the impact of Saudi Arabia's economic diversification efforts on the value ofthe US Dollar (USD) and international trade patterns over the period 2002-2021. Utilizing acomprehensive dataset of non-oil exports, USD exchange rates, and trade denominated in non-USD currencies, we apply various machine learning models—Gradient Boosting Regression,Support Vector Regression, and Rand...

Jun, 2024 pp. 148-165
33
Research Article

Analysis and responses of Stock and Capital market on Nigerian Economic growth: Structural Vector Autoregressive (SVAR) model

Ali Salisu*, Wali Sallau Abba, Mu’azu Yunusa Riruwai

The stock market development is an important part of the economy of any country. It plays a crucial role in the growth of the industry as well as commerce that ultimately affects the economy of a particular nation to a great extent. The study examines the responses of Stock and Capital market on Nigerian Economic growth using quartly data from 2000Q1 to 2021Q4. The ZivotAndrew unit root test indic...

Jun, 2025 pp. 152-165
34
Research Article

Effect of Corporate Governance Audit on the Quality of Financial Reporting of Deposit Money Banks in Nigeria

Ilu Mohammed Khadija*, Musa Mohammed Auwal

This study examines the impact of audit-related corporate governance on financial reporting quality (FRQ) in Nigerian deposit money banks (DMBs). It analyzes data from 10 DMBs over a decade (2013-2023), focusing on key governance variables: Audit Committee Independence (ACI), Audit Committee Expertise (ACE), Audit Rotation (AOR), and Key Audit Matters (KAM), with Firm Size (FZ) as a control variab...

Dec, 2024 pp. 161-173
35
Research Article

Regulation of Virtual Assets in Nigeria

Emomotimi Agama*

Nigeria’s regulatory architecture for virtual assets is undergoing significant transformation, following the enactment of the Investment and Securities Act (ISA) 2025, which repealed the 2007 framework. A key innovation of the new Act is the formal recognition of digital and virtual assets as securities, along with granting the Securities and Exchange Commission explicit statutory authority to reg...

Jun, 2025 pp. 166-175
36
Research Article

Moderating Role of Corporate Governance Mechanism on the Relationship between Investment Efficiency and Firm Performance: A Conceptual Framework

Abdulrazaq Suleiman Ibrahim*, Aminu Kado Kurfi

Firm performance studies reveal investment efficiency declines in Nigeria, possibly due to highcost of living, unstable electricity supplies, high taxes, and insecurity. Enhancing corporategovernance can boost economic growth and investor protection. Nonetheless, literature has shownthat investment efficiency leads to firm performance, likewise, corporate governance (CG) hasbeen studied from the p...

Jun, 2024 pp. 166-179
37
Research Article

Exchange Rate Volatility and its Impact on Foreign Direct Investment Inflows in Nigeria

Jeffrey Ogie Eguavoen*, Joel OBAYAGBONA

This study empirically investigated the impact of exchange rate volatility on foreign direct investment (FDI) inflows in Nigeria for thirty-two years covering the period of 1990 to 2021. The Augmented Dickey Fuller unit root test was used to establish the stationarity properties of the data set. Exchange rate volatility (EXRVOL) was generated utilizing the EGARCH model whereas the fully modified l...

Jun, 2025 pp. 176-188
38
Research Article

Oil Price Shocks, Exchange Rate Risk and Stock Market Volatility

Uhunmwangho Monday*, Jeffrey Ogie Eguavoen

This study considers the effects of oil price shocks and the risk associated with exchange rate stock market volatility in Nigeria. Data for this study was extracted from the Central Bank of Nigeria statistical database, Nigeria Exchange Limited database and the World Uncertainty database covering the period April 2016 to September 2022. The autoregressive distributive lag (ARDL) technique was emp...

Jun, 2025 pp. 189-206