KASU JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES
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Influence of Dividend Pay Out Ratio on Share Prices of Selected Deposit Money Banks in The Nigerian Stock Market
Full text linkThe study investigated dividend policy and its impact on selected deposit money banks share prices for the period 2012-2021. Panel data was sourced from the periodic annual financial publications of the 10 selected deposit money banks and the random effects regression technique was employed in testing the data. Finding shows that dividend per share affect the share price of the selected deposits money money banks. Also, return on equity was found to have negative effect on share price of listed deposits money banks, earnings per share have positive effect on share price of listed deposits money banks and dividend yield has a negative and significant effect on share price of listed deposits money banks in Nigeria. The study recommends that Firms should carefully evaluate and maintain attractive Dividend per Share (DPS) levels to enhance investor perception and potentially increase stock prices. Regularly monitor and optimize the Dividend Payout Ratio (DPR) to strike a balance between dividend distribution and retaining profits for growth opportunities
Contribution of Agricultural Output to Economic Growth in Nigeria (1985 - 2020)
Full text linkThis study examined the contribution of agricultural output to economic growth in Nigeria between 1985 till 2020. Data were sourced from Central Bank of Nigeria and National Bureau of Statistics. The study employed Ordinary Least Squares on gross domestic product, agricultural growth rate, agricultural output, Exchange rate, inflation rate, government spending on agriculture and Money supply. Finding shows that Crop production and Livestock are statistically significant to economic growth while on the other model findings shows that Exchange rate and Money supply are statistically significant to agricultural growth rate. The study recommended provision for easier access to agricultural loans to the farmers to boost the agricultural sector’s production. Agriculture as the next crude oil, serious attention by stakeholders in Agricultural sector need to be call upon to put solid policies to drive the sector forward
Effect of Monetary Policy Instruments on Inflation in Nigeria
Full text linkThis study examined the effect of monetary policy instruments on inflation in Nigeria; the study used annual time series data covering the period of 1990 to 2022 and the study used time series data majorly sourced from CBN Statistical bulletin and National Bureau of Statistical; the study examined how monetary policy instruments influences inflation in Nigeria. Also, the study used data analysis comprising of both descriptive and analytic tool. The Auto-Regressive Distributed Lag (ARDL) model was adopted for the study, and it was discovered that money supply, monetary policy rate, and cash reserve ratio are the major instruments that influence inflation, while liquidity ratio had a positive relationship with inflation but statistically insignificant. The study therefore recommended that; the government through CBN should resort to cashless economy in order to reduce the circulation of money in the country
EFFECT OF OIL PRICE SHOCKS ON EXCHANGE RATE VOLATILITY IN NIGERIA (1970-2022)
Full text linkThe study objective is to examine the relationship between oil price shocks and exchange rate volatility in Nigeria. The study employed the Structural Vector Autoregression (SVAR) model and four macroeconomic variables namely, oil prices, real gross domestic product, exchange rates and consumer price index was used for this study. The study made use of quarterly data series dating from 1970Q1-2022Q4 sourced from the central bank of Nigeria statistical bulletin and various issues. The findings showed that that there are long-run interdependences of oil price shocks and has significant impact on Real Exchange Rate in Nigeria. Based on the findings of this study, the study recommends that the government to diversify the economy to reduce the adverse effect of shocks emanating from the fluctuation of global oil prices
DETERMINANTS OF HOUSEHOLD CHOICE OF COOKING ENERGY IN NASARAWA STATE, NIGERIA
Full text linkThe objective of the study is to investigated the determinants of household choice of cooking energy in Nasarawa State. A multistage random sampling technique was used to select 400 respondents for the study area. Questionnaire was used as the main instrument for data collection. Data collected were analyzed using descriptive statistics and Multinomial Logit Model. The result showed that price of cooking energy, income of household, household’s size, employment status and nature of dwelling unit were major determinants in the study area while the level of education and ownership of dwelling unit has insignificant impact on choice of cooking energy. The revealed preferences of the households for cooking energy material in the study area were fuel wood (60.82%), kerosene (30.61%) and Liquefied Petroleum Gas (8.56%). It is recommended that measures aimed at increasing household’s income levels should be put in place by the government and the development of affordable, modern and cleaner cooking energy materials to reduce the negative effect of fuel wood use on the environment should be promoted