Journals site for the Ekiti State University Ado Ekit
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Nigerian Journal of Banking and Financial Issues (NJBFI): ASSETS/ LIABILITIES MANAGEMENT AND PERFORMANCE OF PENSION FUNDS ADMINISTRATION IN NIGERIA: SHAREHOLDERS’ FUNDS PERSPECTIVE
No full textThe research posed a significant relationship between Shareholder\u27s funds and the Performance of Pension Funds Administration companies in Nigeria. An expost facto research design was adopted and cross-sectional data were sourced from 12 PFA companies covering years 2010-2021 using a purposive sampling. Data were analysed using fixed effect and random effect regressions. Hausman zest was also carried out and the null hypothesis of a random effect model is rejected. The results revealed that the variables fairly explain the relationship between asset liability management and pension fund companies\u27 performance. The correlation between ROA and shareholders’ funds is not only positive but has proven to be very significant. Hence, PFAs must ensure strategic asset liability management to return good value to shareholders to justify confidence reposed in the pension fund managers
Nigerian Journal of Banking and Financial Issues (NJBFI): Pension Reforms And Its Implications On Retirees’ Welfare; Experience From The Investment Performance Of Selected Pension Administrators In Nigeria 2014- 2023
No full textPension reform is pivotal in shaping the economic stability and welfare of retirees in Nigeria. This study explores how pension fund assets, pension fund expenditures, and pension fund contribution density induced retiree welfare. The analysis with the aid of panel data, underscores that robust pension fund assets, characterized by diversified and well-managed investments, enhance financial security for retirees by ensuring consistent and adequate disbursements. Conversely, inefficient management and allocation of these assets can exacerbate financial vulnerabilities among the enrollee. Moreover, pension fund expenditure, encompassing both administrative costs and benefit payouts, significantly influences the sustainability and efficacy of pension schemes. High administrative costs can erode the fund\u27s value, reducing the benefits available to retirees. On the other hand, prudent expenditure management enhances fund longevity and benefit adequacy. Lastly, pension fund contribution density, referring to the regularity and monetary value or amount of contributions made by workers, directly correlates with the size of retirement benefits. Higher contribution density typically results in more substantial pension benefits, thereby improving retirees\u27 welfare. In Nigeria, enhancing retiree welfare through pension reform necessitates strategic management of fund assets, cost-efficient expenditure practices, and policies that encourage consistent and substantial contributions. This holistic approach can mitigate poverty among the retirees, promote economic stability, and foster a dignified post-retirement life. In support of this idea, Onaolapo (2022) described financial inclusion as a practice that ensures that all participants in an economy can easily access, be available, and use the formal financial system. According to Kassim (2023), A financial system that is inclusive provides credit to all "bankable" persons and enterprises, insurance to all eligible individuals and businesses, and savings and payment services to everyone. Financial inclusion, in Kassim\u27s opinion, is just the availability of financial services to all people, not their likelihood of using them all. People ought to have access to a variety of financial services as their standard of living grows
Nigerian Journal of Banking and Financial Issues (NJBFI): The Impact Of Insurance On Economic Growth In Nigeria
No full textThis study examined the impact of insurance on economic growth in Nigeria from 1986 to 2020.
Using short run ordinary least square (OLS) model. The present study utilizes Real Gross Domestic Product (RGDP) as a proxy for economic growth, serving as the dependent variable while Total
Insurance Premium (TPR), Total Insurance Claim (TIC), Total Insurance Investment (INV) and Inflation Rate were used as the explanatory variables. Short run of OLS result revealed that value total insurance claims, total insurance claim, total insurance investment and inflation rate had an insignificant impact on economic growth while total insurance premium has a significant relationship on economic growth. However, in the short run, insurance firm’s indicator had a positive impact on economic growth in the short run and concluded that insurance firms indices has a positive impact on economic growth in the short run. Therefore, recommended that insurance policies be made mandatory for individuals and business organizations to encourage and protect investors as well as ensure sustained economic growth; that the regulatory authorities should put in place policies to enforce transparent and efficient management of funds by insurers; that investors should diversify their portfolio of investments to boost returns and their ability in claims payment
Nigerian Journal of Banking and Financial Issues (NJBFI): Crypto Currency Risk And Return: A Portfolio Approach
No full textThis study explored the relationship between risk and return of selected crypto currencies. Four most traded crypto currencies which are bitcoin, ethereum, binance coin and ripple were selected and treated as portfolio in this study. Monthly data on crypto currencies were obtained from Coin Codex Exchange from January 2018 to March 2023 for this study. Result from trend analysis established the high volatility of crypto currencies. Also the result of the correlation analysis revealed the existence of a positive and significant relationship between portfolio risk and return in the crypto currency market. The study therefore recommended that investors frequently monitor price movement of crypto currencies, take advantage of newly introduced crypto and diversify the investments in their portfolio
Nigerian Journal of Banking and Financial Issues (NJBFI): Implication of financial intermediation on credit Risk management in Nigerian banking industry
No full textThis study examined the implication of financial intermediation on credit risk management in Nigerian banking industry. Particular focus was given to the implication of loan to deposit ratio, operating expense to operating income and capital adequacy ratio on non-performing loans of deposit money banks (DMBs) in Nigeria. The quantitative research design was adopted in the study. Panel data spanning 2016-2021 was gathered for Tier 1 DMBs First Bank, United Bank for Africa, Guarantee Trust Bank, Access Bank and Zenith Bank (FUGAZ) in Nigeria. Data gathered was estimated using descriptive statistics, correlation analysis, multicollinearity test, pooled OLS, fixed and random effect analysis and other post estimation tests. Discoveries from the study indicated that capital adequacy ratio exerts negative significant impact on nonperforming loan ratio of Nigerian deposit money banks with coefficient estimate of -6.5150 (p=0.006<0.05); loan to deposit ratio exerts positive and significant effect on nonperforming loan ratio of Nigerian deposit money banks with coefficient estimate 2.1753 (p=0.098>0.05); operating expense to operating income exerts negative and significant effect on nonperforming loan ratio of Nigerian deposit money banks with coefficient estimate -1.4189 (p=0.017<0.05) and firm size exerts positive insignificant impact on nonperforming loan ratio of Nigerian deposit money banks with coefficient estimate .2424 (p=0.208>0.05). Hence, the study concluded that financial intermediation maintains noticeable implication on credit risk management of deposit money banks in Nigeria. Based on findings established in the study, it was suggested amongst others that Management of DMBs should deploy measures to raise funds and keep its liquidity position up as this guarantees their sustainable survival, while the CBN should improve regulatory control that guarantees relatively sound credit risk approach for DMBs. 
Nigerian Journal of Banking and Financial Issues (NJBFI): Impact Of Psychological Needs On Entrepreneurial Intentions: Evidenced Among University Undergraduates In Southwest, Nigeria
No full textThe decision to start a business occurs when the perception of an opportunity is present in the entrepreneur’s mind and is based on Psychological Needs, (autonomy, relatedness, and competence) as postulated by the self-determination theory. This study therefore examines the determinants of psychological needs as it impacts the Entrepreneurship Intentions of University Undergraduates in Southwest, Nigeria.
A survey of three thousand five hundred and forty-two final year University Undergraduates cutting across all faculties were randomly selected from twelve Universities in Southwest, Nigeria. Their responses were analysed using Descriptive Statistics, and Multiple Regression Analysis. Findings revealed that psychology needs through its determinants have significant impact (F5, 3535 = 41954.89; R2 = 0.9834; P < 0.0000) on Entrepreneurial Intention of University Undergraduates in Southwest, Nigeria.
The study concluded that Psychological Needs has a positive and highly significant impact on Entrepreneurship Intentions of University Undergraduates in Southwest, Nigeria. It was recommended that government should, create avenue for the award of innovative ideas among University Undergraduates and also make adequate provision for infrastructure which will intrinsically motivate them to become self-employed and job creators. This will go a long way in curbing unemployment and also boost the economy as a whole
Nigerian Journal of Banking and Financial Issues (NJBFI): Effects Of Accounting Information System Implementation On The Operational Performance Of Microfinance Banks In Nigeria: An Empirical Investigation
No full textThis study examined the effects of Accounting Information Systems (AIS) on various services of Microfinance Banks (MFB) in Nigeria. This research revealed the relevance of Accounting Information Systems implementation on the operational performance of Microfinance Banks in Ogbomoso, Oyo State, Nigeria. All the ten (10) microfinance banks in the city were contacted. Simple random sample was used to selected 150 staff, while questionnaire was administered to the respondents and only 134 were returned without void. Pearson Product Moment Correlation (PPMC) was used to examined the significant effects of Accounting Information Systems implementation on the operational performance of Microfinance Banks. The results showed that Accounting Information Systems implementation has significant effects on various MFB services. Thus, recommendation is made that the banks should focus more on adoption of AIS as it is been found to improve their service quality
Nigerian Journal of Banking and Financial Issues (NJBFI): FINANCIAL CRIMES AND FORENSIC AUDITING: A STUDY OF NIGERIA CASES
No full textCurbing the menace of financial crimes through forensic audit is imperative due to the global failure of statutory audit. This study examined financial and crimes forensic auditing evidence from Nigeria cases. This study employed a survey research method through the questionnaire. The data collected was analyzed using regression models. The research discovered that P–value = 0.00<0.05 level of significant and the regression line is CFCs = 0.335 + 0.746β1 + 0.042β2-0.078β3++ut. The study also found that data based collection and data mining are effective enough and capable of curbing financial crimes in Nigeria, although ratio analysis is weak in doing that. The research concluded that forensic audit techniques are effective in combating financial crimes in Nigerian private sector. This study recommended that forensic audit courses should be given a more spaces in the academic curricula of Universities to increase its awareness in Nigeria. 
Nigerian Journal of Banking and Financial Issues (NJBFI): PERCEPTION OF CUSTOMERS IN MANAGEMENT OF FOOTBALL CLUB: INSIGHT FROM MANCHESTER UNITED FANS IN NIGERIA
No full textThis study examines the perceptions of customers regarding the management strategies of Manchester United Football Club (MUFC) in Nigeria. The research focuses on Nigerian MUFC fanbase and how various management practices, including marketing, customer relationship management, and community engagement, influence customer satisfaction and brand perception in Nigerian market. A quantitative research methods was adopted to peruse the study. Findings reveal that Manchester United’s management strategies are generally perceived positively by Nigerian fans, and its success was achieved with marketing efforts, fan engagement, and customer service being key factors in cultivating strong fan loyalty. However, there are challenges in communication and local relevance that the club needs to address to further solidify its position in the Nigerian sports market
Nigerian Journal of Banking and Financial Issues (NJBFI): Perception Of Electronic Banking (E-Banking) Adoption On Banks’ Customers Satisfaction In Offa Metropolis
No full textAdoption of new technology by banking industry has improved customer service level and tied customers closer to the bank. With the help of technology, Nigerian banks have been able to reduce the waiting time of customers to some extent. This study therefore examines perception of E-banking on customers’ satisfaction in Offa metropolis. The study utilized cross-sectional research design. Purposive sampling technique was adopted as questionnaires were purposively administered to customers using E-banking platforms in Offa Metropolis. It was difficult for researchers to determine the actual number of banks’ customers that are using E-banking. Therefore, the population of this study is considered to be infinite. The study used Rose, Spinks and Canhoto (2015) formula for an infinite population to arrive at the sample size. Structural Equation Model (SmartPLS2software) was used as technique of data analysis. The result revealed that, both perceived usefulness of Ebanking and perceived ease of E-banking have significant impact on customer satisfaction. While perceived trust has insignificant impact on customer satisfaction. The study concluded that, perception of E-banking adoption have significant impact on the level of banks’ customers satisfaction in Offa metropolis. Various recommendations were proffered in line with the findings