Browsing by Author "Abdul, Zainab Hussaini"

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    CORPORATE GOVERNANCE AND FINANCIAL STATEMENTS’ FRAUD LIKELIHOOD IN LISTED NON-FINANCIAL FIRMS IN NIGERIA
    (Department of Banking and Finance, Nasarawa State University Keffi, 2020-03-01) Abdul, Zainab Hussaini; Adamu, Abdul ; Haruna, Joel
    This study examines the effect of corporate governance on the financial statement fraud likelihood for listed non-financial firms in Nigeria. From the population of 117 non-financial firms quoted on the Nigerian stock exchange as at 2016, a sample of 32 firms were drawn and data from their financial statements were analysed using binary logistic panel regression. The Beneish Score, as the dependent variable was used to classify firms into manipulators (fraud) and non-manipulators (non-fraud). Firms with Beneish score above -2.22 are manipulators and those below are non-manipulators. The finding suggests that board size, board independent, gender diversity, audit committee and board meetings are negatively and significantly related to fraud likelihood. Only board remuneration is positively and significantly related to fraud. This study recommends that Board size of the deposit money banks in Nigeria should be optimum as increasing it affects board remuneration significantly.
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    EXCHANGE TRADED FUNDS AND THE VOLATILITY OF THE NIGERIAN STOCK MARKET
    (Banking and Finance Department, Nasarawa State University, Keffi, 2015-10-01) Abdul, Adamu; Barde, Barnabas E.; Abdul, Zainab Hussaini
    This study examined the effect o f Exchange Traded Funds on the volatility o f the Nigerian stock market. Using the daily stock returns All Share Index (ASI) and the two sampled ETFs between 02 January, 2014 and 30November, 2015. We tested for stationarity of the data using Augmented Dickey-Fuller (ADF) test and used the Auto Regressive Conditional Heteroscedasticity (ARCH) and Generalized Autoregressive Conditional Heteroscedasticity (GARCH) to test the volatility. The result shows the data as stationary and the presence of volatility clustering. It also shows that the previous day return of A S I information influences today's A S I return. Similarly, the ETFs also play significant influence on the volatility of A SI and stock prices. Since their influences are significant, it means that NEWGOLD and VETGRIF30 which are outside shocks transmit volatility to A SI of the NSE. It was recommended that investors and fo n d managers should not ignore the impact of news while forming expectations on their investment returns on stocks listed on Nigerian Stock Exchange (NSE)
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    Government Education Expenditure and Economic Growth in Nigeria
    (Department of Public Administration, Nasarawa State University Keffi, 2019-11-20) Naburgi, Musa Mohammed; Abdul, Zainab Hussaini; Mainoma, Mohammed Iliyasu
    This study examines the effect of government expenditure in education in terms of recurrent and capital expenditure on economic growth in Nigeria. The study makes use of ex-post facto research design. The study makes use of secondary data to achieve the set out objectives highlighted. Data was extracted from the Bulletin of CBN and NBS which covers the period of thirty four years from 1986 to 2019. Ordinary Least Squares Method of Regression (OLS) was used and found out that, government recurrent expenditure in education is positively related to economic growth of Nigeria with statistical significance. Government capital expenditure in education also is positively related to economic growth of Nigeria with statistical significance. The study concludes that, government expenditure in education is positive and significantly related to economic growth. The study recommends among others that, Nigeria government should make efforts towards ensuring that, salaries, wages, bonuses, allowances and others recurrent benefits are increased with a view to improving the growth of the Nigerian economy by making the productive sector works. This is to say that, when sallies and allowances are increased, the increased money is usually used in active economic activities of the country.
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    MONEY LAUNDRING AND INFLATION RATE IN NIGERIA
    (Department of Public Administration, Nasarawa State University Keffi, 2020-03-01) Abdul, Zainab Hussaini; Adamu, Abdul ; Naburgi, Musa Mohammed
    Money laundering has been an issue of serious concern to many emerging and under developed economies around the world and this account for why Nigeria come up with laws as well as rules to protect its economy from this illicit act. The money laundering act in Nigeria was enacted in 2011 for this purpose. But despite these actions, the rate of this laundering transaction has been on the high. That is why this study aim is to examine the effect of money laundering on inflation rate in Nigeria. In other to achieve this objective the study considered launder funds and inflation rate for the period of eight years (2012- 2019). Expo-facto research design was adopted for this study while, the date on the variable of study were obtain from Basel accord data and CBN statistical bulletin for the period under review, ordinary least square regression analysis was conducted with the aid of EViews statistical package. The result of this study proves that MONL has a negative effect on inflation rate in Nigeria. Thus, the study concludes that money laundering reduces inflation rate in Nigeria, because it is revealed that the relationship between money laundry and inflation is negative. The recommendation is that the CBN should also embark on a regular anti-money laundering audit of all Banks to ensure that commercial banks comply with its guideline.
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    THE NEXUS BETWEEN FOREIGN DIRECT INVESTMENT AND THE PERFORMANCE OF OIL AND GAS SECTOR IN NIGERIA
    (Department of banking and finance, nasarawa state university keffi, 2014-11-02) Abdul, Zainab Hussaini
    Foreign direct divestment (FDI) is a unique economic concept due to its glaring and hidden impact. That is why most government make policies aimed at attracting foreign investment into their economy. In Ni s.eria, one sector that has performed consistently in attracting FDI is the oil and gas sector. jl?w has this foreign direct investments impacted on this sector and what is the extent of the relationship between foreign direct investment and the performance of this sector? These are the questions that this study answered. Using a time series between 1984 and 2010, Ordinary> Least Square regression and correlation were used to analyze data and the results show that there is a strong positive relationship between foreign direct investments and the performance of oil and gas sector in Nigeria. It is 'recommended that the government should take the amnesty program seriously to boost investors' confidence and to sustain this impact