This study examined the effect of Crude Oil Fluctuation and the Nigerian economy: A resource-dependence approach covering a study period of 35 years . Variables used include Fluctuation in Oil Price per Barrel (FOBP), Diesel Pump Price Fluctuations (PPPF), Petrol Pump Price Fluctuations (DPPF), Kerosene Pump Price Fluctuation (KPPF), and Real GDP. The data were gotten from the CBN Statistical Bulletin, World Bank Report, and Oil Producing Exporting Countries Annual Report while it was analyzed using Auto-Regressive Distributed Lag Model. Various diagnostic tests proved that the model is fit for the study. Accordingly, the trend analysis appears to cast doubts on whether crude oil fluctuation made significant contributions to the Nigerian economy. However, the Pearson correlation coefficient substantially attests to a strong linear relationship between the regressed and the regressors. Particularly, the individual results restated that in the short run only Fluctuation in Oil Price per Barrel (FOBP) improved the Nigerian economy significantly. However, in the long run, both Fluctuation in Oil Price per Barrel (FOBP) and Kerosene Pump Price Fluctuation (KPPF) improve the Nigerian economy significantly. Hence we conclude that, if the Nigerian economy must experience outstanding performance, both the private and public agencies should not interfere in the apex bank surveillance on the excess crude account. More so, the federal government should endeavor to industrialize the Nigerian economy.

This study examined accounting information and value relevance: A quinquennial comparison of pre-and post-IFRS adoption of listed firms in Nigeria and South Africa. Panel data were collected from listed Non-financial firms in Nigeria (from 2007-2016) and South Africa (2000-2009. The Ex-Post facto research design was adopted for the study. In line with the objectives set for the study, 6 research questions and hypotheses were formulated and tested using pooled OLS methodology. The independent variable is accounting information proxied by Book value per share (BVPS), Earning per share (EPS), Firm size (FS), Leverage (LEV), Cash flow (CF) and Current ratio (CURR), while the dependent variable is value relevance proxied by the share price. Findings for Nigeria firms suggest that Book value per share, earnings per share, Firm size, leverage and cash flow are positively significant to share price and has higher value relevance in the post-IFRS periods than the pre-IFRS periods whereas the current ratio has an negative insignificant effect on share price and has no value relevance in both pre and post-IFRS periods. The findings for South African firms suggest that Book value per share, earnings per share and Firm size have a significant positive effect on share price and have higher value relevance in post-IFRS periods than in pre-IFRS periods, but leverage and cash flow have an insignificant positive effect on share price while current ratio has an insignificant negative effect on share price and do not have value relevance in pre and post-IFRS periods. The study concludes that there is a higher value relevance of accounting information in post-IFRS periods than in the pre-IFRS periods in Nigeria and South African firms. Overall, by comparison, accounting information was more value relevance amongst Nigerian firms than South African firms. Con-How to cite this paper: Felix, I. E. ( 2022).

This study examined the effect of market risks on performance of 15 banks in Nigeria spanning from 2011 to 2020. The study relied on secondary data derived from the selected banks' financial statements to determine and measure the effect of fluctuations in market risks on Nigerian banks performance in this era of 4 th industrial revolution by applying an all-inclusive panel least square estimate. The study used the ex-post facto research design. The data were obtained from annual reports of the 15 sampled banks. Accordingly, four (4) specific objectives and hypotheses were stated and the data obtained were subjected to some preliminary tests such as descriptive, correlation analysis and variance inflation factor. The hypotheses were tested and analyzed using panel least square estimate. The empirical analysis covered 150 bank-year observations and the results shows that interest rate risk (IRSK), foreign exchange rate risk (FXRSK) and capital adequacy risk (CARSK) have negative yet noticeable effect on the Nigerian banks' performance while equity risk (EQRSK) have positive yet minimal effects on Nigerian banks' performance on the short run. Meanwhile, on the Kao Cointegration test evidenced that, market risk has a long run effect on banks' performance in Nigeria. Consequently, market risk measured by IRSK, FXRSK, and CASK decreases the likelihood for Nigerian banks to make huge profit to a very large extent in the periods under review. As such, if Nigerian banks desire higher income especially in this era of 4 th industrial revolution, they need to optimally manage their market risks.

This paper aimed at investigating the impact of working capital management (WCM) on corporate performance of quoted consumer goods sector in Nigeria. Specifically, the paper examined the impact of cash conversion cycle (CCC), current ratio (CUR), quick ratio (QUR), asset turnover ratio (ATR), Average Payment Period (APP), Average Collection Period (ACP), and Inventory Collection period (ICP) on return on asset (ROA) of listed Nigerian Consumer goods sector firms from 2009 to 2018 covering 120 cross-sectional units. To ensure that the findings of the study are reliable, accurate, and valid, the study was further subjected to diagnostic tests using the Lagrange Multiplier Tests for Random Effects, Hausman test, and the cross-sectional dependence test. Accordingly, the Hausman test supports the Random Effect Model (REM) while the cross-sectional dependence test revealed that the variables of each company is unique and are independent of those of other companies in the sample. Findings emanating from the REM confirmed a mixed relationship between WCM and ROA. Specifically, the study found that managers can achieve high profitability if it addresses all inventory management issues since quick ratio and inventory conversion period exerted negative insignificant impact on firm performance. Again, the study found that the current ratio, quick ratio, and asset turnover ratio are the main determinants of corporate performance. Hence, the study concludes that WCM is the most efficient way firms can achieve outstanding success. To this end this paper recommends that if firms in the Nigerian Consumer goods sector firms must achieve their core objective of maximizing high returns and minimizing risk, they must pay full consideration on current ratio, quick ratio, and asset turnover ratio.