The disparaging nature of the Nigerian capital market, investment environment and the outline of the entire economy affirms the need for investors to give ample responsiveness to the precariousness of the global economic climate before investment decisions are undertaken since the resultant effect is seen in the deceleration in domestic expansion, prompted economic instability, increased inflation rate amongst others which has affected market value of shares of firms in the economy. Therefore the study examined the effect of financial reporting quality on investment decision in Nigerian listed manufacturing companies. The study employed ex-post facto research design. The population of the study was 52 manufacturing companies listed on the Nigerian exchange as at 31st December, 2020. Ten companies were purposively chosen for the study owing to data availability and total asset base covering a sample period of 2011-2020. Descriptive and inferential (Multiple Regression) statistics were used to analyze the data. The findings revealed that financial reporting quality have a significant effect on market price per share of listed manufacturing firms in Nigeria (Adj.R2= 0.316560, F(3)= 16.28516, p<0.05).The study concluded that financial reporting quality as measured by earnings quality, timely loss recognition and accounting conservatism has significant effect on market price per share of listed manufacturing firms in Nigeria. The study has implication for investor to understand the dynamics of financial reporting quality (timely loss recognition in terms of information, accounting conservatism and earnings quality) to guide them in portfolio diversification and investment decisions.

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Shareholders wealth volatility has exhibited different patterns in different global exchange markets including the Nigerian exchange. Unravelling attempts of the possible causes of this volatility have been made, as well as how the aforementioned are mitigated. These attempts are due to their implications on share valuation as well as the need to reduce market manipulations. Studies have shown that dividend decision has been one of the major puzzles yet unresolved regarding shareholders wealth volatility and there have been fewer studies in this regard, especially in developing economies like Nigeria. This study, therefore, examined the effect of dividend policy on shareholders wealth volatility of selected companies listed on the Nigerian Exchange. The study adopted ex-post facto research design. The population of the study is 162 companies listed in the Nigerian Exchange as at 31 December 2020. The study sample consisted of 49 companies randomly selected. Data for the period 2010 - 2020 were collected from the NSE, and companies’ data on the Bloomberg Terminals and their official websites. Descriptive and inferential statistics were used to analyze the data. Inferential statistics resulted from Regression and Correlation analysis. The study found that the dividend policy exerted a statistically significant effect on Shareholders wealth Volatility (Adj.R2 = 0.303, W(3, 2156) = 95.82, p = 0.000). Firm Size, Number of Shares Outstanding and Ownership Structure jointly and significantly controlled the effect of Dividend Policy on Shareholders Wealth Volatility (∆Adj.R2 = 0.114, W (6, 2156) = 320.41, p = 0.000). The study concluded that dividend policy affects shareholders' wealth volatility. The study recommended that the companies should focus more on the payout ratio while investors should go for entities with constant dividend payout ratio. In addition, it further recommended that policy owners should enforce adherence to the minimum free float requirements of the Nigerian Exchange.