Volume 2, Issue 1 (June)

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

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

3

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 1 views

4

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 1 views

5

Research Article

Effect of Firm Attributes on Financial Performance of Listed Manufacturing Firms in Nigeria

Jamilu Mohammed^*, Tijjani Ibrahim Bayero

The study investigates the effect of Firm Attributes on the financial performance of listed manufacturing firms in Nigeria. Firm Attributes is a critical determinant of financial stability, and its management plays a crucial role in optimizing firm performance. The population of the study covered seven (7) Manufacturing Firms Listed on the Nigeria exchange as at 31st December 2023. It Covered the ...

Jun, 2025 pp. 65-80 2 views

6

Research Article

Governance Dynamics and Cost of Debt: Insights from Listed Companies in Nigeria

Adamu Adamu Idris^*, Aliyu Sani Shawai, Musa Musa Muhammad

It is very vital for companies to efficiently manage its finances, which can come from either debt or equity. This study investigates the effect of board and ownership structure on cost of debt on listed industrial goods companies in Nigeria. Utilizing a longitudinal panel design, data were collected from the annual reports and accounts of ten sampled firms listed on the Nigerian Stock Exchange ov...

Jun, 2025 pp. 81-96

7

Research Article

Effects of Capital Structure and Macroeconomic Uncertainty on Financial Performance of Manufacturing Firms in Nigeria: Evidence from Unilever Nigeria PLC

Fauziyya Sanusi^*, Zubairu Ahmad

This study examined the effect of capital structure, macroeconomic uncertainty and financial performance of firms in Nigeria, with specific reference to Unilever Nigeria PLC Both economic theory and historical experience support the importance of finding ways of achieving good financial performance for the long-term prosperity and survival of individual firms. Data was obtained from annual financi...

Jun, 2025 pp. 97-110 1 views

8

Research Article

Microfinance and Poverty Alleviation in Nigeria: A Time Series Analysis (1995–2023)

Christopher Oghionmwan Ighodaro^*, L .E. Igbinovia, Shittu Emmanuel Seun

This study investigates the role of microfinance institutions (MFIs) in alleviating poverty in Nigeria over the period 1995 to 2023. Using the Fully Modified Ordinary Least Squares (FMOLS) approach, the research analyzes the relationship between four dimensions of microfinance activities—total assets, total loans, total deposits, and total investments—and national poverty levels. The findings show...

Jun, 2025 pp. 111-120

9

Research Article

Effect of Covid-19 Pandemic on the Performance of the Nigerian Stock Exchange

Wali Sallau Abba^*

This study explored the effects of cumulative reported cases of COVID–19 on the performance of the Nigerian Stock Exchange(NGX). Using time series data analysis and employing Ordinary Least Squares Model (OLS), the research covered a period from March 2020 to February 2022, beginning from March 01, 2020, and ending 10 February, 2022. The study used market turnover, volume of transaction and number...

Jun, 2025 pp. 121-141 1 views

10

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 1 views

11

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 1 views

12

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 1 views 1 downloads

13

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 1 views

14

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 1 views