Nnamdi Azikiwe University Journals
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Adoption of Monthly Rent Payment Structure in Lagos State: Benefits and Challenges
No full textTenants in Nigeria and many other developing countries are usually required to pay rent upfront and in full for a period of one to two years. Tenants may find this challenging, especially if they have limited resources. Hence, this study investigated the benefits and challenges of adopting a monthly rent payment system in Lagos. A total of 94 respondents completed the e-questionnaire used to gather data which was analysed using a relative importance index and ANOVA. The results indicate that monthly rent payment will help tenants to better manage their finances, make rent more affordable, and promote extended tenancy. It was found that the biggest barriers to the adoption of monthly payment are opposition from landlords, and the lack of a facilitating legal framework. The study advised policymakers to develop legal frameworks that protect the interests of both tenants and landlords under a monthly rent payment system, coupled with awareness campaigns to aid better understanding of the benefits of monthly payments
EFFECT OF BOARD CHARACTERISTICS ON ENVIRONMENTAL DISCLOSURE IN NIGERIA AND GHANA
No full text This study ascertained the effect of board characteristics on environmental disclosure of listed oil and gas firms in Nigeria and Ghana for twelve (12) year period spanning from 2012-2023. Specifically, this study ascertained the effect of board size and board independence on effluent disclosure. Panel data were used in this study, which were obtained from the annual reports and accounts of twelve (12) listed oil and gas companies for the periods 2012-2023. Ex-Post Facto research design was employed. Inferential statistics using Pearson correlation coefficient and Panel least square regression analysis were employed to test the hypotheses of the study. Conclusively, the results of the tested hypotheses revealed that board size has a significant but negative effect on effluent disclosure (β1 = -0.016095; p-value = 0.0000 < 0.05); while Board independence has a significant and positive effect on effluent disclosure (β1 = 0.037481; p-value = 0.0000 < 0.05. Conclusively, Board attributes have mixed effect on environmental disclosure of listed oil and gas firms in Nigeria and Ghana. The study recommended amongst others that the independent to enable them perform their functions effectively.
 
IMPACT OF MANDATORY ROTATION OF AUDIT FIRMS AND AUDIT QUALITY IN CORPORATE ORGANISATION
No full textThis study is theoretical in nature and used secondary source of information such as journals, textbooks, conference papers, seminar papers et cetera, to investigate the effects of mandatory rotation of audit firm and audit quality in corporate organizations. The study\u27s conclusions showed that an audit firm\u27s length of time working with a specific client has an impact on the quality of the audit, due to familiarity threat, auditor independence, auditor compliance, conflict of interest, etc. Although many researchers have argued against this policy and its ideas, it became necessary to develop this good idea that would further best protect the interests of the various stakeholders due to the unwholesome attitude and negligence of the auditors and the management of an organization. The study\u27s findings revealed that, in order to boost trust in the system, investors want greater responsibility, transparency, and security for their money both from the audit firms and company management. The study recommended that mandatory rotation of audit firm should be made necessary for corporate organizations, as it is essential for any organization\u27s development and success
HUMAN RESOURCES COST AND FIRMS’ PERFORMANCE AMONG CROSS-SECTIONAL FIRMS IN NIGERIA
No full textThe study ascertained the level of cash Holding among listed insurance firms on Nigeria Exchange group. The specific objective was to examine the effect of leverage and investment opportunities on cash and cash equivalents of insurance firms listed in Nigeria Exchange Group (NGX). The research design used in this study is an ex-post facto. The population of the study was made up of fifteen (15) listed insurance firms in Nigeria from which a sample of ten (10) was selected using purposive sampling. This study relied on secondary data that were obtained from the annual audited financial statements of the sampled firms from 2013 to 2022. The hypotheses testing was done using estimation from Panel Error Component Generalized Least Squares at 5% significance level. The study found the following: leverage has a significant negative effect on cash holding of listed insurance firms in Nigeria (p-value = 0.0000); and investment opportunities have a significant positive effect on cash holding of listed insurance firms in Nigeria (p-value = 0.0000). The study recommends among others that the management of listed insurance firms in Nigeria should implement prudent debt management policies and strategies to ensure that debt levels are sustainable and do not excessively constrain cash flow or financial flexibility.
 
CORPORATE GOVERNANCE AND RISK MANAGEMENT IN BANKING INDUSTRY 2006-2023
No full textThis study examined the relationship between corporate governance and risk management in Nigerian banking industry from 2006-2023, using board size, board composition and board gender diversity as proxies for corporate governance and bank fraud as proxy for risk management. The study made use of secondary data sourced from Bank Annual reports and Financial Statement. The data were analyzed using descriptive statistics, correlation matrix and Hausman test, while Ordinary Least square regression analysis was used to test the hypotheses. The findings of this study revealed that Board Size and Board Composition has significant effect on Bank Fraud while Board Gender Diversity has no significant effect on Bank Fraud. As a result, the study concluded that corporate governance plays a significant role on risk management in Nigeria banking industry. The study recommended that shareholders in Nigeria should actively advocate for a board size that strikes a balance between diversity, expertise, and efficiency. 
TAX AGGRESSIVENESS AND GROWTH OF LISTED CONSUMER GOODS FIRMS IN NIGERIA
No full textThe study investigated tax aggressiveness and growth of listed consumer goods firm in Nigeria. The Specific objectives are to examine the effect of leverage (LEV) tax aggressiveness on firm growth; evaluate the effect of effective tax rate (ETR) aggressiveness on firm growth; investigate the effect of book tax difference (BTD) aggressiveness on firm growth; ascertain the effect of market value (MDV) tax aggressiveness on firm growth in Nigeria. The study adopted the ex-post facto analytical research design and used secondary data collected from the annual reports of the selected fifteen (15) consumer goods firms quoted on the Nigerian Exchange Group (NEG) spanning from 2012 to 2024. The hypotheses were tested using regression of ordinary least square method at 5% level of significance, with the aid of E-view version 9.0 software package. The results revealed that leverage tax aggressiveness and book tax difference aggressiveness were negative and have insignificant effect on firm growth; whereas effective tax rate aggressiveness is positive and has insignificant effect on firm growth. Market value tax aggressiveness is also positive but has significant effect on firm growth in Nigeria. The study therefore concluded that there are positive relationship between effective tax rate and firm growth and also between market value and firm growth. Though, the negative association also exist between leverage tax aggressiveness, book tax difference aggressiveness and firm growth of consumer goods firms in Nigeria. The study recommended among others that consumer goods firms should always adopt strategies that would increase the market value (MBV) of their shares as this will likely enhance the growth of their firms, but should avoid the adoption of leverage (LEV) tax aggressiveness since it was found that it made negative contribution to the growth of the firms studied.
 
FORENSIC AUDIT PRACTICE AND EFFECTIVE FRAUD DETECTION AMONG MINISTRIES, DEPARTMENTS AND AGENCIES: EVIDENCE FROM SOUTH EAST NIGERIA
No full textThe study examined the vitality of Forensic Audit practice in the public sector of the South East Nigeria towards the effective detection cum deterrence of fraud in Ministries, Departments and Agencies in the region. To achieve the stated broad objectives, The study specifically ascertained the effect of forensic arbitration skills on fraud deterrence in Ministries, Departments and Agencies in South-East, Nigeria. Furthermore, it investigated the effect of forensic litigation skills on fraud deterrence in Ministries, Departments and Agencies in South-East, Nigeria. Deploying the survey research design, a total of 260 Respondents was determined using Yaro Yamanene formula and sampled in MDAs in the 5 States namely Anambra, Abia, Ebonyi, Enugu, and Imo States which constitute the South East region of Nigeria. A 5-point rating scale well articulated google form-based research e-questionnaire served as the channel for the harvest of opinion from the Respondents. The Multiple regression analytical technique was used to test the relevant hypotheses, and the study found that arbitration skills have a significant and positive effect on fraud deterrence in the public sector in South East Nigeria (coefficient 0.268; pivalue 0.0000). It was also discovered that forensic litigation skills significantly and positively affect fraud deterrence in MDAs (coefficient 0.257; p-value 0.0000). The study therefore concludes that Ministries, Departments, and Agencies (MDAs) equipped with forensic expertise are more capable of identifying irregularities, disrupting potential fraudulent schemes, and creating operational climates that discourage unethical financial practices. As result, it recommends that the Head of the Civil Service of the Federation need to develop and institutionalize a continuous professional development program focused on forensic arbitration for internal auditors and legal officers in MDAs. Also, the Attorney-General of the State need to establish specialized forensic litigation desks within all public sector legal departments to facilitate proactive legal responses to fraud, including case preparation, evidence preservation, and collaboration with forensic auditors for deterrent prosecution
SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN NIGERIA
No full textThis study examined the impact of environmental, social, and governance (ESG) disclosures on the financial performance of listed manufacturing firms in Nigeria, utilizing Return on Assets (ROA) and Tobin’s Q as performance metrics. Employing a panel dataset comprising 487 observations, the analysis explores the relationships across different firm sizes, specifically distinguishing between large and small manufacturing firms. Results indicate that environmental disclosures positively influence profitability (ROA), but are associated with a negative impact on market valuation (Tobin’s Q), suggesting a dual role of environmental initiatives. Social disclosures show varied impacts, positively affecting smaller firms’ profitability while demonstrating limited influence on larger firms. Governance disclosures present generally weak relationships with financial performance metrics, with only marginal significance observed for smaller firms in relation to ROA. These findings highlight that while ESG practices may enhance firm credibility and stakeholder relations, their financial impact is context-dependent, varying by firm size and specific performance measure. The study underscores the importance of selective ESG practices tailored to firm characteristics and stakeholder expectations to optimize financial outcomes. Recommendations are provided for corporate and regulatory strategies aimed at supporting sustainable business practices within the Nigerian manufacturing sector
PUBLIC EXPENDITURES TREND AND THE NIGERIA ECONOMY
No full textThe study investigated how prevalent annual dynamism in the public expenditures of the government affects the Nigeria economy. Specifically, the study investigates the extent to which changes in capital expenditures level leads to changes in the gross domestic product growth in Nigeria. It also evaluated how changes in recurrent expenditures leads to changes in Nigeria’s Gross domestic product growth. Data from the Central Bank of Nigeria\u27s Statistical Bulletins since the return of Nigeria to democratic regime (1999 – 2022) was utilized and subjected to further statistical analysis. As a result, the Ordinary Least Squares (OLS) regression method was employed to test the relevant hypotheses formulated. The findings revealed that changes in capital expenditures level, although positive but weak, do not lead to significant changes in the gross domestic product growth in Nigeria (t-statistics = 0.087074; p-value = 0.9314). It equally found out that changes in recurrent expenditures, although positive and strong, do not lead to significant changes in Nigeria’s Gross domestic product growth (t-statistics = 0.714036; p-value = 0.4827). In conclusion, while recurrent expenditure maintained a rather dramatic posture towards the nation’s GDP growth possibilities perhaps due to the high external borrowings habitually taken by successive administrations in Nigeria from time to time to run personnel and administrative costs cum high cost of governance, the size of the nation’s capital expenditure overtime has failed to demonstrate a positive effect, thus also reflecting potential inefficiencies in its implementation. The study therefore recommended that The National Assembly should conduct a review of capital expenditure projects, ensuring better planning and monitoring to enhance its contribution to GDP growth over time. Also, relevant government Agencies should increase the transparency and effectiveness of recurrent expenditures by addressing inefficiencies to unlock its full growth-contributive potential
EXTENT OF INTEGRATION OF EMERGING TECHNOLOGIES IN TEACHING AND LEARNING OF OFFICE TECHNOLOGY AND MANAGEMENT AT POLYTECHICS IN SOUTH EAST NIGERIA
No full textThis study investigated the extent of integration of emerging technologies in the teaching and learning of OTM at public polytechnics in Southeast Nigeria. Three research questions and three null hypotheses guided the study. The study employed a descriptive survey research design. The population consists of 48 OTM Lecturers in the five public polytechnics in the area. There is no sampling for this study because of the manageable size of the population. A validated instrument titled “Emerging Technologies in Teaching and Learning Questionnaire” (ETTLQ) was used for data collection. The instrument is divided into two sections, A and B. Section A contains the demographic profile of the respondents, while Section B is subdivided into three clusters: 1-3, corresponding to the research questions, with seven items and six items, respectively, on a five-point rating scale. To ascertain the internal consistency of the instrument, a pilot study was conducted using 15 academic staff in Delta State Polytechnic. Cronbach Alpha Method was used to obtain values 0.79, 0.89 and 0.74 for the three clusters, respectively, with an overall reliability coefficient. Mean and standard deviation were used to answer the research questions to determine the homogeneity of respondents, while a t-test was used to test the null hypotheses at a 0.05 alpha level. It was found that lecturers integrate learning management systems in teaching and learning of OTM at polytechnics in Southeast Nigeria to a great extent, but integrate adaptive learning systems and flipped classroom technologies to a small extent. Polytechnics in South-East Nigeria should promote awareness of adaptive learning systems and flipped classroom technologies among academic staff through informational sessions, expert presentations, and research findings