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Item Open Access IMPACT OF BANK SPECIFIC FACTORS ON THE PROFITABILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA(Department of Banking and Finance, Faculty Of Administration Nasarawa State University, Keffi., 2021-03-03) Usman, ZakariThe main goal of every banking institution is to operate profitably in order to maintain stability and growth. External and internal economic environments are viewed as critical drivers for bank performance in Nigerian. The specific objectives of the study are to determine the impact of capital adequacy on the profitability of deposit money bank in Nigeria, to evaluate the impact of asset quality on the profitability of deposit money banks in Nigeria, to examine the impact of management efficiency on the profitability of deposit money hank in Nigeria and to ascertain the impact of earning ability on the profitability of deposit money banks in Nigeria. In carrying out this study, a panel data was used with the adoption of ex-post facto design. The study formulated four hypotheses and used panel data regression to analyze the secondary data extracted from the annual reports and accounts of the fourteen banks for the period of 2010 to 2018. Profitability was represented by tM>o proxies; return on asset (ROA) and return on equity (ROE). The choice of this nine-year period was based on the explosive growth of the banking sector in the country and the availability of complete data for that period under study. The study found that capital adequacy has positive and significant impact on the profitability of the deposit money listed in Nigeria. The study also found that asset quality has negative and significant influence on the profitability of deposit money bank listed in Nigeria. The study found that management efficiency has negative and statistical association on the profitability of deposit money banks deposit money bank listed in Nigeria. Finally earnings ability was found to have a significant and statistical influence on the profitability of listed deposit money bank. From the findings increase in management efficiency causes a significant increase on financial performance of deposit money banks, the study therefore recommends that efficient and effective management should be adopted by bank managers to ensure that banks do not become insolvent and the board of management should not give more emphasis of acquiring physical asset in favour of liquid asset.Item Open Access IMPACT OF GOVERNMENT EXPENDITURES ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA(Department of banking and finance Nasarawa state university keffi., 2021-03-05) Aigbedion, Marvelous IsiborThe main objective of this study is to investigate the impact of government expenditures on human capital development in Nigeria from 1990 to 2018. While, the specific objectives are to ascertain government education recurrent expenditures on human capital development in Nigeria, evaluate government health recurrent expenditures on human capital development in Nigeria, examine government education capital expenditures on human capital development in Nigeria and determine government health capital expenditures on human capital development in Nigeria. The study adopted and used time-series data (secondary data) to investigate the potential impact of government expenditure on human capital development in Nigeria. Based on the research questions and objectives of the study, results show that all government health and education expenditures indicators have a positive impact on human capital development in Nigeria that is government education recurrent expenditure, government health recurrent expenditure, government education capital expenditure, and government health capital expenditure and that the all the variables were statistically significant in explaining the variation in human capital development in Nigeria, while, the show that all government health and education expenditure indicators have a positive impact on human capital development in Nigeria that is government education recurrent expenditure, government health recurrent expenditure, government education capital expenditure, and government health capital expenditure. However, government education recurrent expenditure and government health recurrent expenditure have an insignificant impact on human capital development in Nigeria while government education capital expenditure and government health capital expenditure have a significant impact on human capital development in Nigeria. Therefore, the study recommends that government should adopt a shorter and medium-term policy plan for health and education capital expenditures following the positive and significant impact of health and education capital expenditures on human capital development in Nigeria. This will also help in short-term periodic assessment and evaluation of health and education capital projects. On the other hand, in terms of government health and education recurrent expenditures, the government should adopt medium and long-term policy plans since their impact though but insignificant in human capital development in Nigeria in the short run.Item Open Access EFFECTS OF WORKING CAPITAL MANAGEMENT ON THE FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY, KEFFI, 2021-05-12) Igwugwu, Judith TochukwuThis study examines the effect of working capital management on the performance of quoted deposit money hanks in Nigeria from 2006 to 2018. The independent variable was measured using Loan loss provision, Loan to deposit ratio, and operating expenses to income, while the dependent variable was proxed by Net profit margin. Ex post facto research design was adopted for this study for the 12 deposit money banks quoted on the Nigerian Stock Exchange in 2018. The panel data was extracted from the annual financial reports of all the banks. Multiple regression was used in the analysis. It was found that there is a significant effect of working capital management on bank performance of DMBs in Nigeria. It was concluded that loan loss provision and operating expenses were all significant loan to deposit ratio was not. Based on the findings, it was recommended that government should ensure the stability of operating environment for banks. The liberalization policy should be vigorously pursued to enable banks and business decision makers to work freely within a wider horizon with reasonable degree of certainty about the environment for speedy and more effective decision making. These will make the banks to focus on cash flows, quick collection systems and discounts to improve on their working capital positions and operational efficiency.Item Open Access EFFECT OF CREDIT RISK MANAGEMENT ON THE PERFORMANCE OF MICROFINANCE BANKS IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY, KEFFI, 2021-03-02) Akande, Luqman AdemolaThis study examined “effect of credit risk management on the performance of microfinance hanks in Nigeria ” using Nigeria Police Force (NPF) Microfinance Bank, Accion Microfinance Bank and Umuchinemere Microfinance Bank as sample studies. Specifically, the study sought to determine the effect of Total Loans and Advances on the performance of microfinance banks in Nigeria, to ascertain the effect of loan loss provision on the performance of microfinance banks in Nigeria, and to examine the effect of Non-performing Loans on the performance of microfinance banks in Nigeria. The study further examined the relationships of the independent variables with the underline dependent variables: Return on Assets (ROA), Return on Equity (ROE) and Return on Capital Employed (ROCE). Time series data were collected from published annual reports of the sampled banks from 2009 - 2018 and analyzed using Ordinary Least Square (OLS). Findings of the studies: revealed that loan loss provisions have no significant effect on the Returns on Assets (ROA) of sampled microfinance banks with R- squared of62.59%, Adjusted R-squared of62.59% andP- Value of 0.3176> 0.05. Non-performing loans have significant effect on Returns on Assets (ROA) of sampled microfinance banks with R- squared of 78.51%, Adjusted R-squared of 78.51% and P-value of 0.0300<0.05. Total loans and advances have significant effect on the Returns on Assets (ROA) with R- squared of58.08%, Adjusted R-squared of58.08% and P- value of0.0002< 0.05. Study recommends management of the sampled microfinance banks to increase total loans and advances ratio since increase in total loans advances ratio leads to increase in Returns on Assets (ROA). However, management must ensure loans are granted to customer's that are credit worthy.Item Open Access BOARD OF DIRECTORS AND THE ENFORCEMENT OF CODE OF CORPORATE GOVERNANCE IN CENTRAL BANK OF NIGERIA(Department Of Banking and Finance, Nasarawa State University, Keffi, 2019-11-04) Musa, Jamila BalaFor effective and smooth running of businesses, firms and companies, corporate governance have come to occupy a centre stage. The subject of corporate governance leapt to global business limelight from relative obscurity after a string of collapses of high profile companies. Corporate governance to put quite concisely is about building credibility, ensuring transparency and accountability as well as maintaining an effective channel of information disclosure that would foster good corporate performance. However, to ensure strict adherence to standardized rules and code of conducts, the Central Bank of Nigeria (CBN) and other monitoring authorities have been charged with the responsibilities to ensuring transparency and accountability as well as maintaining an effective channel of information disclosure that would foster good corporate performance. Alas, we have experienced series of corporate governance irregularities as well as non-adherence in the Nigeria financial sector. This had led to winding up and liquidation of banks. Notably among the problem is the deterioration of their asset portfolios, largely due to distorted credit management, was one of the main structural sources of the crisis. It is the on this basis that this dissertation seeks to assess and analyse the role of the board of directors in the enforcement of code of corporate governance in the CBN. Other sub-objectives include: to determine the extent to which non-compliance to the codes of corporate governance contributed to the financial crisis and management problems experienced prior to the consolidation period and till date; to investigate the challenges militating against the successful enforcement of the code of corporate governance in the Central Bank of Nigeria; and to also investigate what happens to the confidence of stakeholders (depositors) in a situation where the codes of corporate governance is not strictly adhered to by the financial institution. In carrying out the study, we employed the Non-doctrinal Approach as well as books consultation, journals, presentation and online sources. The findings of the study revealed that activities in the Nigeria Money Market are closely linked with World Financial Markets. This is supported by the argument; the study also portray that there are institutionalized and regulatory hiccups that have been posing serious challenge to the successful execution of corporate governance in the country; and the study finally revealed that the efforts of the boards and the CBN still leave much to be desired in the area of proper implementation of corporate governance. The study further recommends that the CBN should beam his regulatory searchlights on strict monitoring and supervision so as to ensure that the operational activities of operators in the banking industry conform to standard; it also recommends that the CBN and other regulators should steer the course of harmonizing the multiplicity of corporate governance codes in Nigeria. This could be a prerequisite for a rational behaviour of organizational sustainable development and growth. This study finally concludes that strict adherence to the codes of corporate governance and professionalism will not only bring about growth and development in the financial sector but also aid in measuring up with her counterparts abroad.Item Open Access IMPACT OF BONDS ON CAPITAL MARKET GROWTH IN NIGERIA(Department of Banking and Finance, Nasarawa State University Keffi, 2019-03-01) Adeola, Deborah YetundeThe capital market is the segment of the financial system, which facilitates the channeling of longterm funds from surplus to deficit economic units thereby stimulating capital formation and socioeconomic development. The capital market deals with longterm financial products such as loans, shares, bonds and credit that are used for productive activities. It is also the institution and mechanisms through which economic units desirous to invest their surplus fund interact directly or through financial intermediaries with those who wish to procure funds for their businesses. Therefore, the study determined the impact of bonds on capital market growth from 2000 to 2017. The study adopts descriptive research design while capital market growth was measured by market capitalization and bond was measured by federal government bond and corporate bond. It was discovered that federal government bond has significant relationship with market capitalization and it was discovered that corporate bond has significant relationship with market capitalization. The study recommends that the policy makers should encourage investments in Corporate Bonds by creating conducive investment environments, since the findings of this study showed that CB improved capital market growth. This can be done through a reduced treasury bill rates, as currently being witnessed, as investors would rather buy treasury bills at above 10% rather than CB which is less than 8%. In addition, the economic fundamentals of high inflation erodes the long term yield for investing in CB, therefore, regulators should develop policies that will reduce inflation.Item Open Access EFFECT OF SELECTED MACROECONOMIC VARIABLES ON BANK CREDITS PERFORMANCE IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY, KEFFI, 2019-09-30) Akpa, Dauda OyinakaThe financial sector plays key roles in economic growth by means of financial intermediation and service provisions. Fluctuations of macroeconomic variable scan possibly bring about defaulter in payments of financial obligations. Consequently, the instability in these economy activities alter bank credits uncertainty of financial institution in both short run and long run. Through the Regression model, the study examined the effect of selected macroeconomic variables on bank credits for the period of 2006 to 2017. The independent variables which is macroeconomics variables are proxied by exchange rate, interest rate, inflation rate and gross domestic product while the dependent variable which is bank credits was proxied by non-performing loans. Expost-facto research design was used in the study with 15 quoted deposit money banks in Nigeria as the sample size of the study. Secondary data was used to analyze the extracted panel data with the use of EVIEWS 10 statistical package. It was found that macroeconomic variables have significant relationship with bank credits. It was concluded based on the analysis that exchange rate has a significant relationship on bank credits while inflation rate has no significant relationship in the short run but will be significant in the long run. Based on the findings, it was recommended that government should monitor macroeconomic variables, particularly exchange rate interest rate and inflation, to create an enabling environment for bank credits to grow steadily and viably for investment and economic expansion in Nigeria.Item Open Access EFFECTS OF BANK OF INDUSTRY SERVICES ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN KANO STATE, NIGERIA(Banking and Finance Department, Nasarawa State University, Keffi, 2019-03-02) Musa, Mercy EleojoThe objective of the study is to determine the effect of Bank of Industry Services on the performances of small and medium scale enterprises in Kano State. The study specifically seeks to determine the effects of four dimensions of Bank of Industry services (credit facilities, business advisory services, business monitoring and business training) on the performance of small and medium scale enterprises in Kano State Nigeria. The cross- sectional survey design was adopted was adopted and questionnaire was extensively used. The study had a population size 635, out of which a sample size of 245 was selected using Taro Yamane at 5% margin error and 95% confidence interval. Data were analysed using tables and percentages. Four formulated hypotheses were tested using multiple regression. Study revealed that all the four dimension of bank of industry services (credit facilities, business advisory services, business monitoring and training) have significant effect on the performance of small and medium scale enterprises in Kano State of Nigeria. Solution and recommendation were proffered, in which emphasis were made that Bank of Industry should be strengthening for the benefit of SMEs and economy in general.Item Open Access EFFECTS OF SELECTED ECONOMIC VARIABLES ON THE PROFITABILITY OF QUOTED COMMERCIAL BANKS IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE, FACULTY OF ADMINISTRATION, NASARAWA STATE UNIVERSITY, KEFFI, 2021-03-16) ayenajeh, Yemisi OmotayoThe objective of this study is to examine selected economic variables on profitability of quoted commercial banks in Nigeria for the period of 2009-2018. Four proxies of selected economic variables used in this study are credit risk, loan to asset ratio, banking system development and inflation rate, while return on asset was used as proxy for profitability. Ex-post facto research design was adopted for this study. Secondary data were collected from the individual financial reports of the quoted commercial banks. This study used OLS regression technique and Wald test to analyse the data. The findings showed that loan to asset ratio have significant effect on profitability. Credit risk has insignificant effect on profitability. While banking system development has significant effect on profitability, while inflation rate had insignificant effect on profitability. In the overall, loan to asset ratio and banking system development remains a driver of profitability among quoted commercial banks in Nigeria as the F-statistics shows a good fit. It was recommended that efficient and effective loan management should be adopted by bank managers to ensure that banks do not become insolvent. Also, banks should be encouraged to enter other local market as well as strategically operate in other international markets and economies. While macroeconomic policies should be used to promote low inflation and pul other macroeconomic variables in check to have good impacts on bank profitability and development.Item Open Access EFFECT OF MEDIUM TERM EXPENDITURE FRAMEWORK ON SUSTAINABLE AGRICULTURAL SECTOR DEVELOPMENT IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE, FACULTY OF ADMINISTRATION, NASARAWA STATE UNIVERSITY, KEFFI NIGERIA, 2021-05-03) Asemota, Orobosa JulianaThis study examined the Effect of Medium Term Expenditure Framework (MTEF) on the Agricultural Sector Development in Nigeria. We established the relationship between government capital and recurrent expenditure on agricultural productivity and contribution to Nigeria GDP. The'model for the time series analysis has government capital and recurrent expenditure on agriculture, as the explanatory variables while agricultural sector productivity and contribution to Nigerian GDP are the dependent variables. Using secondary data from CBN statistical bulletin, Federal Ministry of Finance, Budget and Planning, Fiscal Responsibility Commission (FRC) publication and National Bureau for Statistics applying the econometrics method of co-integration error correction mechanism and granger causality test methods. We discovered that the model depicted by the ECM result shows that the coefficient of government recurrent spending on agriculture has no positive significance on agricultural productivity and contribution to GDP. On the other hand, MTEF capital allocation has significant effect on productivity and contribution to GDP. The coefficient of ECM shows that there exists a long-run equilibrium relationship among the variables. This is because the coefficient of ECM is negative and significant. Based on these findings, we recommended among others that: Since government capital expenditure is positively and significantly related to agricultural productivity and contribution to Nigerian GDP, government should increase more of her capital budgetary allocation to the agricultural sector in order to boost productivity.Item Open Access EFFECT OF STOCK MARKET LIQUIDITY ON MANUFACTURING SECTOR OUTPUT IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE, FACULTY OF ADMINISTRATION, NASARAWA STATE UNIVERSITY, KEFFI, 2021-04-15) Ibrahim, EnemadukuThe study examines the effect of stock market liquidity on the output of manufacturing sector in Nigeria from 1986-2018 using the methodology of error correction model. The study specifically analyses the effect of stock market capitalization on manufacturing sector output in Nigeria. Data was sourced using the secondary methods of data collection. The data was obtained from published sources and these published sources include data from text book, Central Bank publications, statistical bulletin, journals, magazines, newspapers, internet and other relevant publications. Findings from the study showed that the all share index has an insignificant effect on manufacturing sector output in Nigeria. In addition, the study revealed that stock market capitalisation has no significant effect on manufacturing sector output in Nigeria in the period under the study. However, values of stock transaction were found to have significant effects on the growth of manufacturing sector in Nigeria. The implication of this result is that the Nigerian stock market value transaction has witnessed tremendous changes over the years, particularly in terms of the number of operators and the public instruments traded. The study recommends that government should as a matter of fact; intensify efforts in promoting stock market activities in the economy as that will provide more liquidity needed for investments thereby leading to improved capacity of the manufacturing sector. A further recommendation is that public efforts should made for improved share index, increased stock market capitalization and improved value of stock traded for sustainable long term finance of manufacturing sector.Item Open Access IMPACT OF CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA(DEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY, KEFFI NIGERIA., 2021-04-27) Egundeyi, Ipadeola JeremiahThis study examined the impact of capital structure on financial performance of listed deposit money banks (DMB) in Nigeria. The objectives of the study are to examine the impact of debt capital, to determine the impact of equity capital and to ascertain the impact of debt to equity ratio on financial performance of listed deposit money banks in Nigeria. The study adopted expost research and correlational design on the secondary data obtained from the annual reports and accounts of the sampled banks from 2009-2018. The data obtained from secondary source was analyze using multiple Regression analysis and panel data estimate model. The results revealed that debt ratio has a positive significant impact on financial performance of listed deposit money banks in Nigeria. The study also revealed that equity ratio has negative significant impact on financial performance. While debt to equity ratio has a positive significant impact on financial performance of listed deposit money banks in Nigeria.The Study Recommends Among Others That The management of deposit money banks in Nigeria should always consider debt financing decisions in the right mix in order to achieve optimum capital structure that will guarantee maximization of shareholders’ wealth.Item Open Access EFFECTS OF MONEY SUPPLY ON SELECTED MONETARY VARIABLES IN NIGERIA (1986 – 2016)(DEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY KEFFI NIGERIA, 2018-09-12) Ugwu, Donatus OkaforThere exists divergence of opinions in the literature on the relationship between money supply and monetary variables. The mix of opinions makes the direction of their relationship ambiguous. This study investigated the effects of money supply on inflation rate, interest rate and exchange rate in Nigeria. Money supply (MS) is the independent variable while monetary variables are the dependent variables. The study covered the period of thirty-one years from 1986 to 2016. The study adopted ex-post facto research design. Secondary data were sourced from the CBN Statistical Bulletin. Analyses were carried out using Ordinary Least Squares, Simple Linear Regression Model, Augmented Dickey-Fuller unit root test, Johansen co-integration test and Error Correction Mechanism (ECM). The results from the analysis revealed insignificant effect between money supply and inflation rate as well as insignificant effect between money supply and interest rate, while money supply is significantly related to exchange rate in Nigeria. In line with the findings, the study recommended among others that monetary authorities should continue to pursue stable and predictable monetary and fiscal policies, since money had played greater role in exchange rate variations. It is imperative to state that, achieving this would go a long way in ensuring that the CBN achieves its mandate of maintaining price and monetary stability, as well as sustained economic growth.