The study examines the impact made by the efforts of Bauchi State Government in the development of infrastructure represented by the level of capital expenditure incurred through the utilization of the state's revenues. Secondary data was obtained from the government's Annual Financial Statements for the period 2006 to 2018. Ordinary Least Square regression was employed as the technique of analysis. The findings of the study revealed that share of allocation received from the federation account as well as debt both had a positive and significant influence in the provision of infrastructure while internally generated revenue, showed a negative and significant relationship. Other receipts comprising of contributions from Local Governments for the execution of joint projects as well as local and foreign grants and assistance received indicated a positive but insignificant relationship. The study recommends that policy makers should ensure a reasonable allocation of federation account revenues towards capital projects implementation. Efforts at the mobilization of internally generated revenue and grants should be intensified with funds realized used along with funding drawn from the Local Governments as well as proceeds of debts raised towards the provision of the infrastructural needs of the state.

The failure of business entities across the globe has continued to draw the attention of stakeholders of those entities. Due to these problems, different countries issued corporate governance regulations to avoid the repeat of the past. Part of the aims of these CG guides is to increase firm value. In Nigeria, similar guidelines issued for firms are referred to as codes of CG. However, arguments exist between stakeholders on whether those corporate governance mechanisms increase the value of shareholders. Some investment analysts suggest the consideration of governance mechanism before investment, while some argue that CG practices are not necessary for Nigeria. To address this problem, this research empirically examines the effects of female directorship, director compensation and managerial shareholding on price-earnings multiple of Nigerian firms. The research uses data from 100 firms listed in the Nigerian Stock Exchange (NSE). The study used the generalized method of moments (GMM) to estimate the regression due to endogeneity problem amongst the variables. The study reveals a significant positive association between female directorship, director compensation, managerial shareholding and price-earnings multiple at 10%, 1% and 10%, respectively. Therefore, it recommends additional females on board, compensation for directors and more managerial share ownership.

No abstract

In recent years, banks in Nigeria have experienced a significant increase in delinquent loan portfolios, which has contributed immensely to the financial difficulties in this sector. Due to the trust of depositors, banks should be responsible for the efficient utilization of resources to achieve cost efficiency, which in turn contributes to raising income. This paper seeks to investigate the moderating role of the cost per loan asset ratio (CLAR) on the relationship between credit risk and return on asset (ROA) of Nigerian deposit money banks (DMBs). This study employs panel data analysis followed by the use of GLS regression models to examine the relationship in question. The population consists of all fifteen (15) listed DMBs in the Nigerian stock market as at December 31st, 2018, while the adjusted population was eleven (11). The results revealed a significant positive moderating relationship between the non-performing loan ratio (NPLR) and capital adequacy ratio (CAR), while the loan loss provision ratio (LLPR) and asset quality ratio (AQR) were negative, but statistically significant. Moreover, the cost per loan asset ratio was found to have an inverse moderating effect on the relationship between the loan and advance ratio (LADR) and the bank’s probability, even though it was not statistically significant. Based on the research findings, the study recommends that policymakers focus on capital regulation as measured by the capital adequacy ratio, risk level, liquidity, and operational cost efficiency. In addition, banks should have effective and efficient strategies to manage credit risks, which might help to enhance their performance.