Volume 1, Issue 2 (December)

1

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

2

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

3

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 1 views

4

Research Article

Remittance Inflows and Deposit Money Banks’ Performance in Nigeria

Joel OBAYAGBONA^*, Andrew Osaretin IZEKOR

This paper examined the relationship between remittances inflows and deposit money banks performance in Nigeria over the period 1998 to 2023. The specific objectives were to find out whether remittances inflows (RI), official development assistance (ODA) and financial openness (FO) and exchange rate (EXR) significantly affect deposit money banks’ performance. The Autoregressive Distributed Lag (AR...

Dec, 2024 pp. 50-63 2 views

5

Research Article

Assessment of the relationship among Saving, Foreign Direct Investment, Capital Formation and Economic Growth in Nigeria

Ahmad Mukhtar Umar^*, Faruq Saeed

This study explored the relationship between domestic saving, foreign direct investment, capital formation and economic growth in Nigeria using time series data from 1988 to 2023. This work applied various econometric and statistical methods ranging from unit root test, co-integration test, to vector error correction mechanism to determine the relationship that exists between capital formation and...

Dec, 2024 pp. 64-75 2 views 1 downloads

6

Research Article

Effects of assets liability management on the solvency margin of insurance companies in Nigeria

Jinadu M. N^*, Olowokudejo Folake Feyisayo

Asset and liability management is the strategic management of the balance sheet, for risk optimization of assets and liabilities taking into account all market risks. This is to ensure that the company’s assets are not below its liabilities thereby making the organization financially viable. Asset-liability management serves as a cost /profit function which takes into account the assumed risk, lev...

Dec, 2024 pp. 76-86

7

Research Article

Impact of Investors’ Sentiment and Gross Domestic Product on Stock Return in Nigeria

Mathew Yusuf^*, Abdullahi Ismail Yakasai, Garba Ado

The objective of this study is to empirically establish the relationship between investors’ sentiment and Real Gross domestic product (RGDP) on stock return in Nigeria. The study is correlational in nature and used panel regression model to test the hypotheses. Using 10 listed firms as the sample size from 1st January 2008 to 31st December 2021 out of the 156 firms listed on the Nigerian stock exc...

Dec, 2024 pp. 87-98 2 views 1 downloads

8

Research Article

Effect of Board Independence, Current Ratio and Earnings Per Share on Dividend Policy: Moderating Role of Government Policy

Mohammed Nasiru YUSUF^*, Tijjani Bashir Musa, Muhammad Kabir Lawal, Nasiru Yunusa

Prevalent exchange rate fluctuation and high inflation rate constrain earnings of information and communication technology companies in Nigeria. This study examined the effect of board independence, current ratio, government policy, earnings per share and the moderating role of government policy on Dividend Policy of information and communication technology companies in Nigeria. Nine hypotheses we...

Dec, 2024 pp. 99-113

9

Research Article

Effect of Financial Technology (fintech) on Revenue Generation: A Case Study of Kano Electricity Distribution Company

Mu’azu Yunusa Riruwai^*

Technological advancements have given rise to new kinds of financial institutions and financial technology (Fintech) companies that want to deliver the next generation of digital banking and payment services. The study examines the effect of financial technology (Fintech) on the revenue generation of Kano Electricity Distribution Company (KEDCO) using quarterly data from 2017q1 to 2024q2. The unit...

Dec, 2024 pp. 114-128

10

Research Article

An Assessment of Ijara Financing Product of Ja’iz Bank in the Light of Maqasid Al shari’ah

Nura Yahaya^*

This study assesses Ja'iz Bank's Ijarah financing products through the lens of the Maqasid Al Shari'ah framework. A quantitative methods approach was employed, A purposive sampling technique was used to select 389 respondents from the 75,088 population. Data was collected using a questionnaire, and multiple regression analysis was applied to examine the alignment of Ja'iz Bank's Ijarah financing p...

Dec, 2024 pp. 129-139 1 views 1 downloads

11

Research Article

The Impact of Islamic Fintech on the Business Growth of Women Entrepreneurs in Nigeria

Summayya Adam Ahmed^*, Musa Mohammed Auwal

This study examines the impact of Islamic fintech on the business growth of women entrepreneurs banking in Nigeria. Using a sample of 357 women entrepreneurs across five major cities in Nigeria, the research employs a negative binomial regressions model to analyze the relationship between various aspects of Islamic fintech usage and business profitability. The study finds a strong positive relatio...

Dec, 2024 pp. 140-160

12

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