Journals site for the Ekiti State University Ado Ekit
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Nigerian Journal of Banking and Financial Issues (NJBFI): MICROFINANCE BRANCH NETWORK AND ITS IMPLICATION ON FINANCIAL INCLUSION IN NIGERIA
No full textThis study explores the impact of microfinance banks on financial inclusion in Nigeria using data from 2011 to 2023. Microfinance institutions were established to address gaps in the economy left by traditional financial services, aiming to stimulate economic activity, reduce poverty, and foster growth. The research employs a quantitative approach, analyzing secondary data obtained from the World Bank and the Central Bank of Nigeria. Financial inclusion, measured by Financial Deepening (M2), is assessed alongside variables such as microfinance branch networks, microloans, and microsavings. The findings indicate a positive and significant relationship between these variables and financial inclusion. Recommendations include the formulation of comprehensive policies by financial regulators to promote financial intermediation across various sectors, thus enhancing financial inclusion
Nigerian Journal of Banking and Financial Issues: ANALYSIS OF MOTIVATING FACTORS FOR INFORMAL ENTREPRENEURSHIP ACTIVITIES IN NIGERIA
No full textCALL FOR PAPERS
The Nigerian Journal of Banking and Financial Issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is a biannual Journal published by the Department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
Interested contributors are invited to submit well researched papers which have not been provide published either in whole or part in any journal.
Three copies of the manuscript should be submitted, each copy of which must be typed on one
side of A4 sized paper only and double spaced.
Manuscript should not exceed twenty pages, including notes, references, table and chart.
The cover page of each manuscript should contain title of papers, names(s) and additional
authors(s).
An abstract of not more than 120 words typed single spaced on a separate sheet book precede the
main text. The short abstract should summarize the main argument of the article.
Bibliographical references should be indicated in the text using the author data style with page
numbers where necessary. All reference must adopt America psychological Associate (APA)
current style and reference pattern.
Table and charts should be placed as close as possible to relevant discussion. End noted should
be numbered consequently, and should not solely comprise references.
Manuscript which do not conform to these guidelines may be returned unprocessed.
All manuscript and other correspondences should be sent to:
The Managing Editor,
Journal of Banking and Financial Issues,
C/0 Department of Finance,
Ekiti State University,
Ado Ekiti, Nigeria.
OR
The Business Editor:
Department of Finance
E-mail: [email protected]
Nigerian Journal of Banking and Financial Issues (NJBFI)
No full textThis paper analyzed the extent to which foreign exchange demand affects migration, economic growth, and inflation utilizing quarterly data from the Central Bank of Nigeria\u27s Statistical Bulletin. Autoregressive Distributed Lag (ARDL) technique was used to analyze the data. The study showed that migration rate had significant postive relationship with demand for foreign currency (t=0.196342 and p=0.0450<0.05). Negative significant relationship was also observed between economic output product (GDP) and foreign exchange demand (t=-0.274375, p=0.0047<0.05). There was also insignificant positive relationship between the rate of inflation and foreign exchange demand (t=-0.110176, p=0.09126<0.05). The conclusion of testing the autoregressive distributive lag model (ARDL) hypothesis is that migration rate has a positive substantial influence on Nigeria\u27s demand for foreign currency both in the short run and the long run. This result corroborated the Japa syndrome that is currently ravaging the less developed countries, particularly in Nigeria. The study recommended for policies that would mitigate the effect currency depreciation and curb inflation, accelerate economic growth thereby reducing migration rate and ensure that foreign exchange demand channeled towards economic activities
Nigerian Journal of Banking and Financial Issues (NJBFI): CAPITAL STRUCTURE, CORPORATE GOVERNANCE AND COST EFFICIENCY IN SELECTED LISTED INSURANCE FIRMS IN NIGERIA
No full textThe study examined the capital structure\u27s effect on the listed insurance organizations as well as the cost effectiveness of a sample of Nigerian insurance firms that were publicly traded. Additionally, it assessed the impact of corporate governance on the selected listed insurance institutions in Nigeria while taking cost effectiveness and capital structure into consideration. Between 2005 and 2020, the post-consolidation period and the time the nation was impacted by the infamous corona virus that shook the entire world, they were with the intention of providing information on the interactions between capital structure, corporate governance, and cost efficiency in a number of Nigerian insurance organizations. This study\u27s goal is to investigate the capital structure, corporate governance, and cost effectiveness of a sample of Nigeria\u27s listed insurance institutions. The study used a descriptive survey design and secondary data from 10 listed insurance firms in Nigeria. Stochastic Frontier Analysis (SFA) was used to test the data. Business governance factors including board size (t= 2.285, p < 0.05) and board expertise (t=-2.311, p< 0.05) have a substantial impact on the capital structure. The results also showed that variables that worked as mediators between corporate governance and cost effectiveness, such as board size (t=-2.807, p < 0.05), board independence, and board composition, were both statistically significant at the 5% level. The findings of the investigation showed a strong correlation between capital structure, corporate governance, and cost effectiveness
Nigerian Journal of Banking and Financial Issues (NJBFI): MICROFINANCE BRANCH NETWORK AND ITS IMPLICATION ON FINANCIAL INCLUSION IN NIGERIA
No full textThis study explores the impact of microfinance banks on financial inclusion in Nigeria using data from 2011 to 2023. Microfinance institutions were established to address gaps in the economy left by traditional financial services, aiming to stimulate economic activity, reduce poverty, and foster growth. The research employs a quantitative approach, analyzing secondary data obtained from the World Bank and the Central Bank of Nigeria. Financial inclusion, measured by Financial Deepening (M2), is assessed alongside variables such as microfinance branch networks, microloans, and microsavings. The findings indicate a positive and significant relationship between these variables and financial inclusion. Recommendations include the formulation of comprehensive policies by financial regulators to promote financial intermediation across various sectors, thus enhancing financial inclusion
Nigerian Journal of Banking and Financial Issues (NJBFI): LEVERAGING REVENUE GENERATION AND CAPITAL PROJECTS DEVELOPMENT FOR ECONOMIC GROWTH IN ABIA STATE, NIGERIA (1993 - 2023)
No full textThe study examined Revenue Generation and Capital Projects Development in Abia State. Ex-post factor research method design were adopted in the study. Time series were adopted. Secondary sources of data was used in the collection of the data used for the analysis. The study revealed the importance of revenue in the development of a state via investment in capital projects on health and Education in Abia state. Capital development projects were measured into Health Capital development projects and Educational Capital Development Projects. Auto regressive Distributed Lag Model Technique (ARDL) were used to analyze the data collected. The objectives of the study are to evaluate the effect of Revenue Generation (taxes, other revenue and Federal Allocation) on Health Capital Development project projects in Abia State, secondly to examine the influence of Revenue Generation (taxes, other revenue and Federal Allocation) on Educational Capital Development projects in Abia State. The findings revealed that Tax Revenue, and Federal Allocation have positive coefficient and insignificant effects on Health Capital Development projects in Abia State while Tax revenue, (OIGR) and Federal Allocation have positive coefficient and significant influence on Educational capital Development project in Abia State. This study concluded that Abia state investment is still low on Health and Educational sectors. They need fund to finance these projects and increase their level of investments towards Health and Educational projects in the state
Nigerian Journal of Banking and Financial Issues (NJBFI): EFFECT OF RELATIONSHIP MARKETING ON THE GROWTH OF DEPOSIT MONEY BANKS IN NIGERIA
No full textThis study examined whether the application of customer relationship marketing in the deposit money banks has improved customer’s satisfaction, development and retention in Ekiti state, Nigeria or not. The population of the study was made up of bank marketers and customers in Ekiti state. The population being infinite, the study used Cochran’s equation of infinite population to determine 135 populations for the study. The questionnaire administered was presented analyzed five point likert’s scale and hypotheses formulated for the study were tested with the t-test statistical tool with aid of Statistical Package for Social Sciences (SPSS) version 20.0 software package. The study revealed that the application of customer relationship marketing has improved the customer’s satisfaction in deposit money banks. Also, that customer relationship marketing has improved on customer’s retention in the money deposit banks Based on this, the study recommended that the deposit money banks should ensure high quality service delivery in order to promote customer’s satisfaction and create effective customer relationships
Nigerian Journal of Banking and Financial Issues (NJBFI): FOREIGN RESERVES AND MANUFACTURING SECTOR PERFORMANCE IN NIGERIA (1991-2021)
No full textThis study examined the effect of foreign reserve on manufacturing sector performance in Nigeria covering 1991 to 2021. Foreign reserve was proxied with foreign reserve, trade openness, foreign direct investment and exchange rate while manufacturing sector performance, the dependent variable was proxied with manufacturing sector’s contribution to real gross domestic product (RGDP) in Nigeria. Data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin. The study employed Augmented Dickey-Fuller unit root test for pre-test. The data was analyzed using error correction mechanism (ECM) and Johansen Co-Integration. To determine the residual\u27s normality, the study used post estimation tests such as the Breausch Godfrey serial correlation, the Breausch Pagan Godfrey test, and histogram. The study revealed that all the explanatory variables except exchange rate have a positive relationship with manufacturing sector performance. Specifically, external reserves has an insignificant positive effect on manufacturing sector’s performance with p-value of 0.070 > 0.05 and adjusted R2 of 60%. Consequently, the study concluded that foreign reserve has a positive effect but in significant effect on Nigerian manufacturing sector’s performance. Thus, the study recommended that managers of external reserves should design more positive and progressive measures to continue to stimulate growth of important sectors like manufacturing
Nigerian Journal of Banking and Financial Issues (NJBFI): INCLUSIVE INSURANCE AND THE DEVELOPMENT OF MICRO, SMALL AND MEDIUM SCALE ENTREPRISES IN NIGERIA: A PANACEA FOR SDG 8
No full textInclusive insurance guarantees easy access to insurance services by enabling the most vulnerable and disadvantaged groups in society to take an active role in development and protect themselves against socioeconomic shocks. Many of the rural poor in Nigeria do not have access to typical insurance providers and services. This study looked at how the performance of micro, small, and medium-sized enterprises (MSMEs) in Nigeria was impacted by inclusive insurance, a panacea for SDG-8. Questionnaires and the survey research design approach were used to collect data. Data were analysed using the Pearson Chi-square method. The findings showed that although inclusive insurance had a positive and significant influence on the operations and growth of MSMEs, effective access to insurance services by MSMEs in Nigeria was hampered by a lack of knowledge and education campaigns on the topic. In order to promote inclusive insurance, the study\u27s suggestions include a policy roadmap for increasing access points to insurance services in underserved and rural areas, as well as concerted measures to increase access points to more rural areas and enhance infrastructure
Nigerian Journal of Banking and Financial Issues (NJBFI): EFFECT OF RELATIONSHIP MARKETING ON THE GROWTH OF DEPOSIT MONEY BANKS IN NIGERIA
No full textThis study examined whether the application of customer relationship marketing in the deposit money banks has improved customer’s satisfaction, development and retention in Ekiti state, Nigeria or not. The population of the study was made up of bank marketers and customers in Ekiti state. The population being infinite, the study used Cochran’s equation of infinite population to determine 135 populations for the study. The questionnaire administered was presented analyzed five point likert’s scale and hypotheses formulated for the study were tested with the t-test statistical tool with aid of Statistical Package for Social Sciences (SPSS) version 20.0 software package. The study revealed that the application of customer relationship marketing has improved the customer’s satisfaction in deposit money banks. Also, that customer relationship marketing has improved on customer’s retention in the money deposit banks Based on this, the study recommended that the deposit money banks should ensure high quality service delivery in order to promote customer’s satisfaction and create effective customer relationships