Browsing by Author "Oyedokun, Godwin Emmaneul"

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    Effect of Corporate Governance Mechanisms on Financial Performance of Listed Insurance Companies in Nigeria
    (Department of Accounting, Nasarawa State University, Keffi., 2019-12-31) Haruna, Afor Roselyn; Ameh, Jacob Ojobo; Oyedokun, Godwin Emmaneul; Jaji, Kehinde Abdulkareem
    This study is to examines the effect of corporate governance mechanisms on financial performance of listed Insurance companies in Nigeria. The population of the study was 45 listed Insurance companies in Nigeria Stock Exchange (NSE) as at 31st December, 2018. The study adopted ex post facto research design with panel data using Stata as the software and multiple regressions as tools for the analysis. It was found that there is presence of board independence in the insurance companies in Nigeria but failure to maintain good corporate governance mechanism can be a threat and can lead to declining in board independence. On the other hand, board size is on the increase in Nigeria insurance companies and board with sizeable number of female members perform better than board with little or no female board members. Based on these findings it was concluded that there is significant effect between corporate governance and financial performance of listed insurance companies in Nigeria. It was recommended that board independence should continue to be maintained in all insurance companies in Nigeria. Effort should be made to ensure that corporate governance practices is of high standard and conform to the global best practice, adherence to the ethics and codes of corporate governance in building shareholders and other stakeholder‘s confidence so as to encourage positive investment flows into insurance market.
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    EFFECT OF MONETARY POLICY ON THE PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Banking and Finance, Nasarawa State University Keffi, 2020-01-01) Gimba, John Toro; Vincent, Harrison S.; Oyedokun, Godwin Emmaneul
    This study examines the effect of monetary policy on the performance of listed deposit money hanks in Nigeria from 2006-2018. The research design adopted for this study was ex post-facto research design. Panel time series data were extracted based on the variables used in the study. Net profit margin (NPM) as the dependent variable, while liquidity ratio (LQR), Interest Rate (INR), Loan to deposit ratio (LDR) and cash reserve ratio (CRR) as independent proxies to measure monetary policy. The findings show that monetary policy has significant effect on the performance of listed deposit money banks in Nigeria. Based on the result, it was concluded that liquidity ratio and loan to deposit are significant on net profit margin, likewise interest rate and cash reserve ratio were insignificant on net profit margin. Therefore, the effect of monetary policy on the Nigeria commercial banks as an engine for controlling inflation, unemployment etc is geared towards finding a positive and constructive role for the economy. Based on the findings, it was recommended that; the Central Bank of Nigeria should manage the monetary policy rate properly, with the recent increase of loan to deposit. Government should also employ other measures to control the loan to deposit and the monetary authorities should also minimize the 22.5 % Cash reserve ratio in order to influence the level of bank performance with capacity to raise a volume of funds and also reduce the liquidity ratio from 30% to 25% to prevent the banks from folding up.