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Enterprise risk management (ERM) is an organized, dependable and reproducible process across the entire system for identifying, measuring, controlling and reporting of opportunities and threats that could impact on the objectives of the organization. The purpose of this study is to empirically examine the extent of ERM implementation in the Nigerian banking sector and the identification of antecedents influencing the adoption. 722 questionnaires were administered to top, middle and lower level managers across 361branches and the headquarters of the respective 21banks. The respondents consist of the staff of the risk management, internal audit and operational departments at both the headquarters and branches of the banks. Both SPSS Software and logistic regression model were used for data analysis. The finding reveals that there is plausible evidence that there is an ERM complete in place in most of the banks while insignificant number indicated ERM partial in place. Furthermore, the finding also indicates that internal audit effectiveness, human resource competency, Regulatory influence and top management commitment were statistically positively significant to the stage of ERM implementation while board characteristic was negatively significant. However, most of the banks had already gone through the ERM process before the CBN mandate. This study provides a new knowledge of the literature on the antecedents of ERM adoption. Similarly, the finding has a policy implication for the board of directors to improve their oversight functions and the regulatory authorities entrench risk based supervision on all policy issues. Future research is therefore, advocated on the effectiveness and impact of ERM systems after implementation using different variables and using board members and top management as respondents.

This study examined the impact of information disclosure on regulatory compliance of telecommunication companies in Nigeria. The study adopted ex-post facto research design which relied on secondary data collected from the financial statements of three (3) telecommunication companies out of the eight (8) telecommunication companies for the period of 2004 to 2015. The multiple regression statistics were used to analyse the data. The results indicated that computed compliance index of telecommunication companies was partially complied (av. 75.6%) with the requirements of regulatory agencies. Furthermore, the findings revealed that mandatory information disclosure (MID) has a significant impact at 10%, this shows weak compliance by the telecommunication companies, while voluntary information disclosure (VID) has a significant impact at 5%. This means that there is partial compliance by the telecommunication companies. Thus, this study made a clarion call for the enforcement of full compliance by all the telecommunication companies operating in Nigeria. It is, therefore, recommended that National Communication Commission (NCC) should monitor the compliance with the requirements of information disclosure and pursue its objective to achieve best corporate governance practices in Nigerian telecommunication companies.

The alarming rate of corporate failures as seen universally has necessitated this study apparently; the failures have known no boundary as it cuts across both the very big organizations and the very small corporate entities especially financial industries. The objective of this study is to align corporate governance (CG) with Enterprise Risk Management (ERM) adoption in the Nigeria Deposit Money banks (DMBs). The study adopted cross-sectional research design, survey method and questionnaire technique to collect data in 21 Nigerian DMBs. A total of 722 questionnaires were distributed, out of which 435 were found usable for further analysis. The research adopted Structural Equation Modeling in Stata for the data analysis. Empirical evidence suggests that internal audit effectiveness, human resource competency and top management commitment were positively significant. This implies that there is a significant positive relationship between CG and ERM adoption. Conclusively, the study has provided insightful results for the banking industry, regulators, practitioners and academia that will potentially assist in policy formulation, implementation and evaluation. Thus, a clarion calls for all the stakeholders in the industry to guarantee broad implementation of ERM in all the banks in compliance with the CBN Code of corporate governance.

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