No abstract

This research paper investigated the effect of electronic payment systems on the performance of commercial banks in Nigeria. For the purpose of the study, data was collected from secondary sources specifically from the CBN statistical bulletin and comprised of data on the assets base of commercial banks and internet banking (ATM, POS, Internet banking and Mobile banking) for the period of 2009 to 2019. The collected data was analyzed using ordinary least square (OLS) regression technique. Findings of the research showed that there is a statistically significant positive relationship between ATM transactions and the assets base of commercial banks in Nigeria. Internet (online) banking transactions had a positive relationship with the asset base of commercial banks. There is a positive and statistically significant relationship between mobile banking transactions and the assets base of commercial banks. However, Point of Sales (POS) transactions had a negative statistical relationship with the asset base of banks. From the findings of the study, It is concluded that implementation of electronic payment system in banks have had mixed effect on the performance of banks. Thus, while ATM, internet banking and mobile banking leads to improvements in the performance of banks, same cannot be said for point of sales machines which has a negative effect on bank performance. Based on the above, it is recommended that commercial banks increase investments in the implementation of electronic payment systems. Finally, it is recommended that the government improve on internet infrastructure in order to capture the rural areas in order to promote financial inclusion through electronic banking in the country.

Financial reporting is one of the best indices of accountability. However, accountability and transparency in Nigeria leave a lot of room for improvement. The accountability and control apparatus in the public service has some minimum technical components that should elicit tolerable standards of accountability and transparency. This paper examines Fiscal accountability, Managerial accountability, Program accountability, and Individual accountability within the context of the role of government/public sector financial reporting in public accountability in Nigeria. Personal interviews and Accountability Evaluation Questionnaires were used as research instruments. Descriptive statistics were employed in analysing the data. The study reveals that the effective implementation of development policies and programs is anchored on purity of action, honesty of purpose, probity and integrity, which are important hallmarks of accountability and transparency. There are reasonable regulations, albeit inadequate, due to outdated accounting procedures, stringent sanctions and poor public financial auditing. While financial reporting is considered the best index of accountability, it holds also that accounting remains the undisputable index of stewardship. However, both financial reporting and accountability stand to lack their true essence if they are based on outdated and unwholesome accounting procedures and practices that inhibit complete and accurate recording and measurement of government resource inputs and the resultant outputs.

The study is on the contribution of capital market variables on capital formation in Nigeria for the period 1991-2018. Three hypotheses are formulated in line with the objectives of the study. The study used gross fixed capital formation as proxy for capital formation and employed as the dependent variable; whereas, the explanatory variables include all share index (ASI), market capitalization (MCAP) and value traded (VST). Secondary data were collected from CBN statistical bulletin 2018 and the hypotheses were tested using Ordinary Least Square using multiple regression econometrics model. The study finds out that market capitalization has a positive significant impact on gross capital formation in Nigeria, value of share traded has a negative and insignificant impact on gross capital formation in Nigeria and all share index has a negative but significant impact on gross capital formation in Nigeria. The study concludes that capital market has significant impact on capital formation in the Nigerian economy. The study recommends that monetary authorities should put in proper measures that would regulate the value placed on the shares traded thereby encouraging both local and foreign investors to participate in the market and also device means to restore confidence in the market, particularly through ensuring transparency and fair trading and dealings in the stock market.

There are elements upon which a nations' economic development are dependent. The importance of Capital Market as one of the vehicles upon which most under-developed economies could grow cannot be overemphasized. The extent to which these economies experience the said growth is quite relative to the level of awareness and management of the market. Nigeria is not left out in the desire to maximize the gains of the capital market to boost its economy. This paper empirically examines the impact of the Nigerian Capital Market on the Nigerian economy looking at 18 years period from 2000 to 2018. The Nigerian Capital Market was proxy as Market Capitalization against some variables of the economy such as Gross Domestic Product (GDP), Total New Issues, Value of Transaction and Total Listed Securities. Using the multiple regression analysis, we find that Capital Market has an insignificant impact on the Economy within the period under review. The study therefore advised that policies and measures that would boost investors' confidence should be enshrined in the running of Nigerian Capital Market so that it could contribute significantly to the growth of Nigerian economy noting that all elements of the market are essential ingredients to the development of a nation.