The study investigates the effect of Presidential election results on the performance of an emerging stock market using the case of the 2011 and 2015 Presidential elections in Nigeria. Adopting Event Study methodology to analyse the secondary data obtained from the Nigerian Stock Exchange (NSE) and some national dailies, the results of the study suggest that the 2011 presidential election result had negative significant impact on the performance of the stock market. On the other hand, the 2015 Presidential election result had positive but insignificant impact on the stock market as evidenced by the average and cumulative abnormal returns on the event date and one day post-event date-an indication that the result of the 2015 Presidential election was a welcomed development as leadership changed from PDP to All Progressives Congress (APC).
Aside adequate financial capital, companies also require strong governance and workplace practice that recognizes environmental and social needs of current and future stakeholders for it to achieve long term sustainability. The work examined the effect of sustainability reporting practices of environmental, social and economic on the firm value proxied by Tobin’s Q of listed oil and gas firms in Nigeria. The work relied mainly on secondary source of data and comprised of published annual reports. The analytical tools consist of descriptive and correlation matrix. The hypotheses were tested using multiple regression. The research answered that; environmental sustainability reporting has a positive significant effect on the value of listed oil and gas firm in Nigeria. Also, economic sustainability reporting has a negative significant effect on the value of listed oil and gas firm in Nigeria. The result also showed that firm characteristics proxied by sales growth and leverage exerts a negative significant effect, whereas, firm size exerts a positive significant effect on sustainability reporting and firm value of oil and gas companies in Nigeria. The work concluded that adequate compliance with sustainability rules and regulation will go a long way to bring more investors to the company which will in turn ultimately increase the firm value. Based on the above findings, the work recommended that oil and gas firms should comply 100% with the rules and regulations of sustainability reporting to increase the value of their firm in the long run.
The study examined the implication of deficit financing on Economic recovery in Nigeria. The study used secondary data from CBN statistical bulletin on various issues as relevant for the period under study (1981-2019). Augmented Dickey Fuller (ADF) unit root test, Johanson Co-integration test and normality test were employed for the analysis. The research findings revealed that deficit financing through External debt borrowing has a significant positive effect on economic recovery in Nigeria. Also Domestic debt has a positive significant effect on economic recovery in Nigeria. The study therefore, recommends that Government should set up monitoring teams that will make sure that the budget is well and carefully implemented and as well as loan borrowed in other to reduce corruption, linkages and wastages, the team will do this by holding everyone accountable for every government money spent. We recommended that government should strive to diversify its revenue base and also demonstrate a high level of transparency in both its monetary and fiscal operations among others. Government should maintain optimum level of external debt as it is one of the mechanisms for economic growth but to an optimum level and that all external debts hould be effectively utilized for the purpose for which it was obtained so as to promote economic growth.
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