EUSpace Collection:http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/362023-08-23T23:46:34Z2023-08-23T23:46:34ZEnvironmental Reporting and Market Value of Listed Non-Financial Firms in NigeriaAdekanmi, Aderemi DanielOlolade, Babatunde Moseshttp://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/14002022-08-04T03:00:14Z2021-11-01T00:00:00ZTitle: Environmental Reporting and Market Value of Listed Non-Financial Firms in Nigeria
Authors: Adekanmi, Aderemi Daniel; Ololade, Babatunde Moses
Description: Staff Publication2021-11-01T00:00:00ZEFFECT OF PAID ADVANCE PAYMENTS ON PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMES): EVIDENCE FROM NIGERIAOlolade, B.M.http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/13522022-04-30T03:00:14Z2022-01-01T00:00:00ZTitle: EFFECT OF PAID ADVANCE PAYMENTS ON PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMES): EVIDENCE FROM NIGERIA
Authors: Ololade, B.M.
Abstract: The study investigates the effect of paid advance payment on business performance of
SMEs and identifies solutions to the effect of SMEs paid advance payments in Nigeria. The study
adopts cross-sectional and survey research designs. Structured questionnaires were used to
collect primary data from randomly selected SMEs that are appointed distributors of local
corporate firms which operate in the foods, beverages, and breweries sectors of the Nigerian
economy. The results reveal that paid advance payments of SMEs to their corporate firms’
suppliers for which goods are not supplied timely impact negatively on their business
performance: It ties down their working capital which when it is a borrowed fund from financial
institutions is at cost. It prevents the SMEs from doing other profitable businesses, reduces the
business turnovers, increases the business cash conversion cycles, and invariably reduces the
business’s profitability. In view of the financial power at the advantage of the corporate firms, it
is recommended that government policies should mandate the corporate firms to publish the
stipulated time they would deliver goods for all paid advance payments of the SMEs after taking
into consideration the locations of the SMEs and transportation logistics. Thus, non-delivery of
the goods within the published stipulated time would earn SMEs interest on their paid advance
payment at Central Bank Nigeria (CBN) Monetary Policy Rate (MPR) for number of days the
actual time of delivery is more than the published stipulated time. This is to discourage the tying
down of the SMEs working capital.
Description: Staff publication2022-01-01T00:00:00ZRemittances, Monetary Policy Transmission Mechanisms and Economic PerformanceOgbeide, S.O.Olarinde, O.S.Obadeyi, J.A.http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/13502022-04-29T03:00:14Z2022-02-01T00:00:00ZTitle: Remittances, Monetary Policy Transmission Mechanisms and Economic Performance
Authors: Ogbeide, S.O.; Olarinde, O.S.; Obadeyi, J.A.
Abstract: This study empirically investigated the impact of migrant remittances through monetary policy transmission
channels on the economic performance of Nigeria. Previous impact and causality analysis show varied
results for migrant remittances on the economic performance of Nigeria. There remains a dearth of studies
investigating the impact of remittances on growth after accounting for its transmission effects on monetary
instruments. Time series data from 1962 to 2020 from the statistical bulletin of the Central Bank of Nigeria
(CBN) and the World Development Indicators were used in the causal research design as well as the
correlation analysis, dynamic general method of moment (GMM) and Johansen co-integration technique.
The research findings indicate that remittance inflows once interacted with exchange rate exerted a positive
and statistically significant impact on the economic performance of Nigeria. Remittance inflow interacted
with inflation rate had a positive yet insignificant impact on the economic performance of Nigeria.
Monetary policy rate maintained a positive sign with significant impact on the economy of Nigeria; while
capital stock investment exerted a negative and insignificant impact on gross domestic product per capita
income of Nigeria. The study finds that the interaction of migrant remittances with monetary policy
instruments is economically important to the per capita growth in Nigeria in the short and long-run. The
study results confirm that the Central Bank of Nigeria (CBN), should continue to facilitate reducing costs
of remittances as well as opportunities for diaspora investments, because of the impacts that remittances
have on economic performance through other monetary variables.
Description: Staff publication2022-02-01T00:00:00ZA Conceptual and Descriptive Approach to Capital Market Progression in a Developing Country: The Nigerian PerspectiveOgbeide, S.Adedipe, O.Obadeyi, J.Osawaru, F.http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/13492022-04-29T03:00:14Z2022-03-01T00:00:00ZTitle: A Conceptual and Descriptive Approach to Capital Market Progression in a Developing Country: The Nigerian Perspective
Authors: Ogbeide, S.; Adedipe, O.; Obadeyi, J.; Osawaru, F.
Abstract: This study undertook a conceptual and descriptive approach to capital market progression
in Nigeria, beginning from 1985 to 2019 using number of listed securities (a proxy for
market accessibility), market capitalization (a proxy for market size), All Share Index (a
proxy of market efficiency) and market depth (a proxy of ratio of market capitalization to
gross domestic product (GDP) in the reference period. The period analyzed was segmented
into a five year period for effective descriptive reporting purposes. Findings from the study
showed that the Nigerian capital market has progressed steadily in terms of market size,
efficiency and depth but was retrogressive in terms of the number of listed firms in the
reference period. From the analysis, the study recommends that capital market operators
and regulators should do more in the areas of listing more securities by reducing the
obstacle for listing, efficiency and especially the depth of the market (increase trading in the
floor) for it to effectively and efficiently provide move fund from surplus sector to deficit
sector.
Description: Staff publication2022-03-01T00:00:00Z