This paper investigated the impact of external debt on economic growth in Nigeria from 1985 to 2018 using vector autoregressive (VAR) approach. The empirical results revealed that both external debt stock and external debt service exerted a negative and significant impact on economic growth. These outcomes entailed that when external debt stock changed by one-unit, economic growth declined by 0.495 unit. On the other hand, when external debt services changed by one-unit, economic growth declined by 0.017 unit. We concluded that external debt stock had been an impediment to economic growth in Nigeria over the period under study. We therefore recommended that policy makers should adhere strictly to the appropriate use of debt through efficient investment to foster growth and avoid excessive debt accumulation.

This paper examines the effect of economic indices on the financial performance of multinational manufacturing firms in Nigeria from 2004-2021. The Expo facto research design was adopted along with ordinary least squares, and other econometric tests to estimate the effect of the predictor variables on the response variable. The population comprises 22 listed multination manufacturing companies and 19 companies were used as the sample size which represents 86 percent of the population. We found that the exchange rate, inflation rate, and government capital expenditure all have a correlation with return on equity (ROE) based on the regression results, but other econometric parameters showed no significant relationships between the explanatory variables and ROE because a 1 percent rise in predictor variables results in a decrease in ROE. This is a clear indication that Nigeria’s economy is bleeding profusely due to the high exchange rate and the economy is still battling inflation coupled with infrastructural challenges. We recommended that to reduce the effect of the exchange rate, the Nigerian government should make the economic environment business-friendly by encouraging mass production and patronage of made-in-Nigeria in order to curtail the increase in the importation and adopt the public-private partnership (PPP) model to harness other mineral resources for export thereby putting cost-push inflation in check and the exchange rate. Also, the electricity supply should be improved to mitigate the costs of production which will also help address the inflation rate.

This paper examines the effect of reporting with International Financial Reporting Standards (IFRSs) on the quality of information disclosure in financial statements. To achieve the objective of the paper, two hypotheses were tested in line with the objectives of the study. The survey research design was adopted, and the population of 55 respondents gotten from eight (8) banks. But for the purpose of the analysis 48 sample size was used which constitutes the numbers of respondents from the eight (8) banks’ top management staff that are involved in the preparation of financial statements. The instrument used for data collection was titled “IFRSs Adoption and Quality of Information Disclosure (IFRSAQID)”. Based on the findings of the study, there is a strong and significant relationship between the quality of information due to the adoption of IFRS 16, and reporting in a common language due to the fact that the adoption improved the disclosure of more information. Based on this, it was recommended that banks should be encouraged to adhere to the requirements IFRSs in the recognition, measurement, and disclosure of financial information to reduce information asymmetry. Also, regulatory bodies should ensure strict compliance and defaulters should be penalized to reduce incessant financial scandals that have caused investors to lose a substantial amount of their wealth to reckless reporting in the past. The paper is very apt considering the information asymmetry that has existed for decades due to the adoption of IAS 17 replaced by IFRS 16, and using banks with international recognition because their operation is beyond the domestic banking system.

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