UMYU Journal of Accounting and Finance Research

An Evaluation of Listed Deposit Money Banks in Nigeria's Degree of Adherence to International Financial Reporting Standards Seven (IFRS 7)

Abdulkadir Ladan Aminu — 2024-12-30

This study focuses on analyzing the level of compliance and effects of IFRS 7 on the operations of DMBs in Nigeria. The study further evaluates how effectively IFRS 7 has influenced banks financial reporting, risk management strategies and overall transparency in financial disclosure. Data were sourced from annual accounts and reports of listed DMBs for a period of 10 years, spanning from 2011 to 2020. The entire 14 Nigerian deposit money banks listed on the Nigerian Stock Exchange as of 2020 served as population of the study. The study tested the baseline assumptions using the Ohlson regression model and examined the relationship between financial performance and IFRS7 disclosure using multiple regression. To meet the requirements for a Best Linear Unbias Estimate (BLUE), the study also conducted diagnostic tests such as the variance inflation factor (VIF) test. The study comes to the conclusion that book value per share is more value-relevant and price-sensitive than earnings per share when comparing the degree of compliance between high and low levels. The study recommends uniform regulation quality and enforcement to improve accounting information disclosures by business entities in Nigeria, particularly listed financial institution in Nigeria.

Evaluating the Influence of Social Media Marketing on the Performance of Small Businesses in Birin Kebbi, Kebbi State, Nigeria

Muhammad Nura Ashafa — 2025-02-16

Small businesses have faced significant challenges in advertising their products and services through traditional media outlets and newspapers due to high costs, movement restrictions during the pandemic, and advancements in technology. This shift has led to a growing acceptance of digital marketing strategies. On the basis of the forgoing, this paper examines the influence of social media marketing on the performance of small businesses in Birnin Kebbi, Kebbi State, Nigeria. Utilizing survey data collected from a sample of 242 participants and applied Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze the relationships between various dimensions of social media marketing—including email marketing, content marketing, and search engine optimization (SEO)—and key performance indicators for small businesses. The findings revealed that email marketing significantly enhances small business performance while social media marketing was found to negatively affect performance. Additionally, the content marketing and SEO did not show significant impacts on small businesses in Birnin Kebbi. Based on the findings from the study, small businesses should prioritize email marketing to enhance performance by fostering strong customer relationships through personalized content. To mitigate the negative effects of social media marketing, a more strategic and targeted approach is needed, ensuring alignment with business goals and customer preferences. This includes refining audience targeting, optimizing posting frequency, and improving interaction quality. Although content marketing and search engine optimization did not show significant impacts, businesses should integrate these elements into a comprehensive marketing strategy that complements email and social media initiatives.

Board Composition and Earnings Management in Listed Industrial Goods Firms in Nigeria

Daniel Daniel Monday — 2025-02-16

This study examined the impact of board composition on earnings management in listed industrial goods firms in Nigeria from 2014-2023.The study’s aim and objective were to examine the impact of board composition on earnings management in listed industrial goods firms in Nigeria so as to validate or invalidate previous literatures. The research used secondary data from annual reports and analyzed it using descriptive statistics and multiple regression analysis. The scope of the study is ten (10) years and the companies selected were based on being listed on the stock exchange group of Nigeria. The findings stated that, Board independence had a positive but non-significant impact on earnings management. Board size and board meetings both had negative but non-significant impacts. Board gender mix also had a negative but non-significant impact. Which provide insights for policymakers and stakeholders regarding the role of board composition in constraining earnings management practices in this sector. The recommendation states that an increase in board independence is associated with an increase in earnings management should be regulated.

The Impact of Internally Generated Revenue on Service Delivery in Sokoto State

Mande Dambuwa Kabiru — 2025-02-16

The study examine the importance of internally generated revenue (IGR) on service delivery in Sokoto state. The study employed both primary and secondary methods of data collection. Primary data were obtained from the officials of the state board of internal revenue, while secondary data were sourced from the state’s financial statements and reports.The study used regression analysis and correlation coefficients to evaluate the level of relationship between the variables. The finding, highlights how little internally generated revenue affects Sokoto State's service delivery, the inefficiencies and offering potential solutions. The study suggests that Sokoto State should enhance its IGR policy direction in order to provide good and services to the peoples. The study also recommended using all of the IGR's components to finance Sokoto State's capital expenditures, to lessen the impact of declining Federation account allocation.

Effect of Fuel Subsidy Removal on Students’ Academic Performance in Tertiary Institutions in Sokoto State: A Study of Usmanu Danfodiyo University, Sokoto

Garba Fodio — 2024-12-30

The paper examined the effects of fuel subsidy removal on students’ academic performance of students of Usmanu Danfodiyo University, Sokoto, with particular reference to the students of Faculty of Management Sciences of the University. The study uses descriptive survey research design. The study population consists of 1146 students of the Faculty of Management Sciences. Kriejie and Morgan (1970) table for determining sample was used to arrive at a sample size of 291 respondents, which were selected using stratified and simple random sampling techniques. A structured questionnaires based on five Likert scale rating was used to collect data. Descriptive statistic was used to analyze the data while corresponding hypotheses were tested at 0.05 level of significance. The findings indicate a significant correlation between fuel subsidy removal and decreased academic performance. The study concludes that the removal of fuel subsidies has profound and far-reaching implications for students in higher education, necessitating urgent attention from policymakers. The study recommends the establishment of targeted financial aid programmes, enhanced academic support services and increased mental health resources to ensure that students can effectively navigate the challenges posed by fuel subsidy removal.

Treasury Single Account and Revenue Generation in the Nigerian Maritime Industry: A Pre and Post Evaluation

Olusesan Fashakin — 2025-02-16

This study investigates the impact of the Treasury Single Account (TSA) policy on revenue generation in Nigeria's maritime sector, focusing on the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Shippers' Council (NSC). Introduced to promote financial transparency and accountability, the TSA policy is expected to influence the financial performance of public institutions. However, its specific effects on the maritime sector remain underexplored. The research evaluates TSA's impact on revenue generation, financial efficiency, and asset utilization using a quantitative design. Secondary data were collected from NIMASA and NSC, covering 2010 to 2019. The Difference-in-Differences (DiD) method was applied to compare the treatment group (NIMASA) with the control group (NSC). Rigorous data selection ensured validity, while reliability was established through consistency checks. A 100% response rate was achieved as all required data were sourced from relevant agencies. Findings reveal that the TSA policy positively influenced revenue generation and financial efficiency but negatively affected asset utilization. The study concludes that while TSA strengthens revenue management in the maritime sector, challenges in asset management persist. Recommendations include extending the study period, leveraging technology for enhanced TSA implementation, and analysing TSA's effects in other sectors to provide a comprehensive evaluation of its overall effectiveness.

Digital Currency and Nigerian Economic Growth

Hussein Olamilekan Ajibola — 2025-02-16

There are several issues and solutions regarding the theoretical connection between digital money and economic growth. There are issues with digital currency's distribution, stability, and compatibility with fiat money. Although this structure theoretically allows stability of price, however, sensible monetary regulation and its effective distribution continue to be more pressing concerns. The study examined how digital currency affects Nigeria's economic growth. The average annual value of bitcoin (BTC) and Binance coin (BNB) were used to analyze digital currency, while the gross domestic product was used to gauge economic growth. Ex-post facto method was adopted by the study. Data from secondary sources spanning a decade (2014–2023) was used in the study. However, data on the gross domestic product was taken from the CBN Statistical Bulletin, while the metrics of digital currency (BTC and BNB) were taken from Coinmarketcap online platform. Descriptive statistics, correlation and panel regression analysis were used to examine the collected data. According to the results, there was no discernible impact of either Bitcoin or Binance on the GDP of Nigeria between 2014 and 2023. The analysis concludes that the average value of bitcoin and binance coins has no significant effect on Nigeria's GDP. As a result of this, when thinking about regulating cryptocurrencies, the Nigerian government was advised to implement safeguards against the currency's extreme volatility and susceptibility to illicit activity in the country.