This study examined the inhibiting factors to tax revenue generation in Cross River State, Nigeria. The specific objectives were to examine the effect of tax evasion and avoidance, lack of infrastructural facilities and experienced personnel on tax revenue generation in Cross River State. To achieve these objectives, a well structure questionnaire was development and administered on 169 sampled staff of Cross River State board of internal revenue. Out of these questionnaires 164 were duly completed and returned. These responses were coded and used for analyses with the help of the SPSS software The cross sectional survey design was adopted and the ordinary least squared multiple regression technique was used to analyze the data. From the analyses it was discovered that there is a negative correlation and insignificant relationship between lack of infrastructural facilities and government tax revenue in Cross River State; also, there is a negative and significant relationship between tax evasion and avoidance and government tax revenue in Cross River State, Nigeria and lastly, there is a positive and significant relationship between experienced personnel and government tax revenue in Cross River State, Nigeria. Based on these finding the study recommends that government should encourage tax payers' morale through the provision of quality infrastructural facilities and other incentives to enhance its revenue generation. Also, Strategies to reduce tax evasion and avoidance should be formulated by strengthening the policy framework and operational guidelines of the Cross River State internal revenue service and adopting an evidence base government spending. Lastly, Cross River State internal revenue service should embark on adequate staff training and development on new methods of enhancing tax compliance within the state.

This paper examines the effect of economic indices on the financial performance of multinational manufacturing firms in Nigeria from 2004-2021. The Expo facto research design was adopted along with ordinary least squares, and other econometric tests to estimate the effect of the predictor variables on the response variable. The population comprises 22 listed multination manufacturing companies and 19 companies were used as the sample size which represents 86 percent of the population. We found that the exchange rate, inflation rate, and government capital expenditure all have a correlation with return on equity (ROE) based on the regression results, but other econometric parameters showed no significant relationships between the explanatory variables and ROE because a 1 percent rise in predictor variables results in a decrease in ROE. This is a clear indication that Nigeria’s economy is bleeding profusely due to the high exchange rate and the economy is still battling inflation coupled with infrastructural challenges. We recommended that to reduce the effect of the exchange rate, the Nigerian government should make the economic environment business-friendly by encouraging mass production and patronage of made-in-Nigeria in order to curtail the increase in the importation and adopt the public-private partnership (PPP) model to harness other mineral resources for export thereby putting cost-push inflation in check and the exchange rate. Also, the electricity supply should be improved to mitigate the costs of production which will also help address the inflation rate.

This paper examines the effect of reporting with International Financial Reporting Standards (IFRSs) on the quality of information disclosure in financial statements. To achieve the objective of the paper, two hypotheses were tested in line with the objectives of the study. The survey research design was adopted, and the population of 55 respondents gotten from eight (8) banks. But for the purpose of the analysis 48 sample size was used which constitutes the numbers of respondents from the eight (8) banks’ top management staff that are involved in the preparation of financial statements. The instrument used for data collection was titled “IFRSs Adoption and Quality of Information Disclosure (IFRSAQID)”. Based on the findings of the study, there is a strong and significant relationship between the quality of information due to the adoption of IFRS 16, and reporting in a common language due to the fact that the adoption improved the disclosure of more information. Based on this, it was recommended that banks should be encouraged to adhere to the requirements IFRSs in the recognition, measurement, and disclosure of financial information to reduce information asymmetry. Also, regulatory bodies should ensure strict compliance and defaulters should be penalized to reduce incessant financial scandals that have caused investors to lose a substantial amount of their wealth to reckless reporting in the past. The paper is very apt considering the information asymmetry that has existed for decades due to the adoption of IAS 17 replaced by IFRS 16, and using banks with international recognition because their operation is beyond the domestic banking system.

The study assessed the announcement of accounting performance variable predictory power on share prices of listed Deposit Money Banks in Nigeria. The study adopted an ex-post facto research design to assess the relationship between return on equity, return on assets, price-earnings ratio, and earnings per share-on-share prices of deposit money banks in Nigeria. A sample of 12 Deposit Money Banks quoted on the Nigerian Exchange Group was selected between the years 2012 to 2021. Panel data methodology was adopted because it combines time series and cross-sectional data. The methods of data analysis were descriptive statistics, correlation, and regression techniques, and other econometric statistical analyses were adopted. The results obtained disclosed that the shares market price of DMBs and accounting performance indicators (ROE, ROA, EPS PER) are related in the long run. Additionally, Granger causality tests showed that share prices are even more predicted by the explanatory variables. Further analysis revealed that all the explanatory variables have a strong and positive correlation with the share prices of DMBs. The regression result of the study showed that return on equity and return on asset hurt the share prices of DMBs while price-to-earnings ratios and earnings per share had a positive impact on share prices. Based on the findings, the study concluded that the accounting performance indices of DMBs of Nigeria are important predictors of share price oscillations in the capital market.