The study examines the impact of corporate tax on profitability of Deposit Money Banks in Nigeria. The liquidity challenges faced by banks in Nigeria in the recent times and the restricted access to bank loans and facilities by firms and individuals could be linked with high corporate tax payment and this has adversely affected the economy at large. The specific objective of this study is to investigate the extent to which company income tax (CIT) affects the profit after tax (PAT) of Deposit Money Banks in Nigeria. The research adopted a causal research design and a sample of 12 banks were selected out of the currently existing 21 banks based on Authors' judgment and data availability. The secondary data on PAT (dependent variable) CIT (independent variable) used were collected from the published financial statements of banks via their websites. The panel data used in this study covers a period from 2006 to 2016. Multiple regression analysis and t-test were used to analyze the data with the aid of SPSS version 20. The regression result on the data for Access Bank Plc., Diamond Bank Plc. and GTB Plc., revealed a positive significant impact of CIT on PAT and existence of a positive relationship between PAT and CIT. While the rest of the other 9 banks showed both negative and lack of impact of CIT on PAT. The findings showed improper application of ability-to-pay theory in Nigeria. The study therefore recommends a review of the Nigerian fiscal policy and introduction of tax reforms that allow adequate tax incentives for banks especially during financial crises and to cope with liquidity challenges.

This paper assessed the impact of illicit financial flow on economic growth and development in Nigeria. Data was sourced from the statistical bulletin of the Central bank of Nigeria and Global Financial Integrity estimates of illicit financial flows. Time series data from 1980-2015 was used. The variables were tested for unit root and co-integration and were found to have a long run relationship. The results further indicated that illicit financial flows had a significant impact both on economic growth and development. The study among others recommends that government of Nigeria and indeed other African countries must lobby developed nations to adopt control so that individuals who move funds out of Nigeria into tax havens and secrecy jurisdictions can be exposed. It was also recommended that African states and indeed Nigeria, in particular, must develop customs capacity in order to fight the massive outflows of capital through illicit practices.

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There is a general consensus that agriculture as an economic sector has contributed so much to the well-being of the Nigerian people, this understanding is without a thorough evaluation of the specific sub-sectors of agriculture and their individual contribution especially in reducing the cost of living in the country. This study tries to investigate the role of the four sub-sectors of agriculture in Nigeria in reducing consumption expenditure. The study employed time series data which covered a period from 1981-2017 and were obtained from CBN Statistical Bulletin, 2017 edition. The data were collected on the four agriculture sub-sectors which include: crop production, fishing, forestry and livestock (being the independent variables) and on consumer price index (dependent variable) used as proxy for consumption expenditure. The Ordinary Least Squares (OLS) method of multiple regression analysis was used to analyze the data. The findings revealed that crop production and livestock farming have significant positive impact on consumption expenditure while fishing had insignificant negative impact, then forestry had significant negative impact on CPI. The implication is that fishing and forestry farming require more investment to contribute positively to the Nigerian economy. Therefore, the study has suggested among others that the government should provide adequate funding for agriculture sub-sectors through access to bank facilities with less difficulty on the part of the farmers.

The major objective of this study is to empirically analyze the impact of monetary policy on the economy of Nigeria. To achieve this major objective, the study made use of broad money supply (M2) and credit to the private sector (CPS) as the independent variables explaining the dependent variable which is the Gross Domestic Product (GDP). The time series data employed cover the period of 1996 to 2016 and have been collected from the Central Bank of Nigeria Statistical Bulletin. The statistical tool used in this study is the multi regression and student t-test with the aid of statistical package for social sciences (SPSS) to analyze the impact of the individual explanatory variables on the economy. The result indicates that the monetary policy in Nigeria does not have significant impact on the economy. At 5% level of significance, the broad money supply (M2) is 0.36 > 0.05 while the CPS shows 0.22 > 0.05. The result proves that the broad money supply has not been properly regulated and the bank lending rate to the private sectors so high that the economy has been adversely affected. The study therefore, recommends that the Central Bank of Nigeria should put every machinery in place to ensure that the monetary policy is geared towards economic growth through substantial reduction of bank lending rate to the private sector and proper regulation of broad money supply.