This study examines the underlying components that determine the dividend policy statement of corporations in Nigeria. The study purposively select ninety-four (94) corporations out of the universe of companies listed in the Nigerian Stock Exchange. Financial ratios were extracted and computed from published annual audited financial reports spanning 2007 to 2017. This was informed by the ex-post facto research design adopted to observe key indicators of these corporations in retrospect. The panel regression analysis was used to explain the numerical phenomenon collated. The Durbin-Wu-Hausman specification test found the fixed effect model to be more suitable. The empirical results indicate that financial leverage has a significant negative impact on dividend payout; liquidity has an insignificant positive impact on dividend payout policy; profitability has an insignificant positive impact on dividend payout decision; and company size has a significant positive impact on dividend payout dicision. The study concluses that liquidity, profitability and company size are the determinants of the dividend policy of corporations in Nigeria. More specifically, company size was found to be a major determinant to the dividend policy statement of corporations in Nigeria. The study suggests that, corporations should sustain their liquid positions, asset base and profit levels at all times to meet the universe of desires of their shareholders.

Human capital is a valuable resource; it pulls the other factors of production and gives strategic foresight to every corporation and nation. It plays an integral part in the value creation process of modern corporations and economies. Thus, several studies have been carried out to ascertain the link between investments on human resource on the performance of the micro and macro economy. This paper sets to explore available literature and synthesize the ideas and positions there-in to take an informed position on the categorization of human capital investments. To achieve this, the study adopted a desk research approach and reviewed several related conceptual postulations, theories and empirical studies on the subject to lay credence to take an informed position. The findings revealed that there is a huge link between economic theory and empirical findings on the vital role human capital investments play in enhancing corporate growth and employee earnings. The major area of deviation is on the valuation of the returns on investment on resource; which is still evolving. Specifically, the study found a proportionate link between investments on training, education, staffing, health, etc. on the performance of corporations and the benefits it tilt to the economy. On this premise, the study concludes that human capital is an investment and therefore should be categorized as a type of investment that is an invaluable component in the production process of a corporation and nation.

This study examines the impact of external debt and external debt servicing on the international reserves of Nigeria. The theoretical underpinning of the study was anchored on dual gap theory and the self-insurance theory of external reserves. The after effect research design was adopted to examine the components of the study in retrospect. Historical data spanning 1981 to 2018 was collated from the World Development indicators and analyzed using the error correction mechanism as the unit of analyses and estimated employing the least square technique. The empirical findings indicate that external debt stock exert a negative and statistically significant impact on Nigeria's foreign exchange reserve portfolios. It further emerged that external debt service payments exert a positive but statistically insignificant impact on the international reserves of Nigeria. The study concludes that external debt stock and external debt service payments has no significant impact on the international reserve portfolios of Nigeria. The study recommends that, the fiscal managers of Nigeria should exercise cushion in external borrowing in order to ensure that concomitant external debt service payments does not deplete the international reserves of the country.

This study was carried out due to the varied views on the impact of economic globalization on economic growth in emerging countries. Some scholars are of the view that economic globalization intensify economic growth based on empirical findings and theoretical conjectures; others, albeit, in the minority, hold the view that it increases the gap between the haves and the have not's between countries. Thus, this study observed these positions and specifically examined the impact of foreign direct investment on agriculture and manufacturing sectors plus the degree of trade openness on real gross domestic product from 1981 to 2016 in Nigeria. Secondary time series data was collated for the analysis and estimation. The ex-post facto research design was adopted to explain the impact of the explanatory variables on the dependent variable in retrospect. The Augmented Dickey Fuller test was employed to solidify the series, which integrated at first difference, Johansen co-integration test for the long run relationship, which reported two long run equilibrium relationship, and the error correction technique for the estimation of the model were adopted. The empirical findings reveal that the measures of capital inflow and trade have a positive and significant impact on economic growth in Nigeria. This study, therefore, offers additional credence to the role economic globalization plays in economic growth. The study suggests that measures should be taken to encourage production of goods in which the nation has comparative and competitive advantage over its trading partners and stabilization policies be implemented to encourage investment sustainability.

The paper examined the impact of the capital expenditure components on output growth in Nigeria. The objective of the study was to determine the impact of Administration, Economic Services, Social Community Services, and Transfer payments on Real Gross Domestic Product in Nigeria. To achieve this, the model was built following the multiple regression example. Furthermore, the ordinary least square technique was employed for the estimation. The results reported that every increase in administrative expenditure and transfer payments lead to increase in national output in Nigeria, while for economic services and social community services; the impact is nonlinear and insignificant. Consequently, the paper suggests efficient resource allocation and implementation of budgetary provisions coupled with real time monitoring and checks on social works by engaging the citizenry through various social media platforms.