Volume 11 (2026)

1

Research Article DOI: 10.68022/kajarap.2026.vipen2ok

FINANCIAL LEVERAGE AND DIVIDEND POLICY OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

Adekunle Kikelomo J^*, Fatoki Olawale J, Ogidan Oladapo I

This study investigated the impact of financial leverage on dividend policy of quoted industrial goods firms in Nigeria. This paper examined the influence of debt-to-equity ratio (DER), debt-to-asset ratio (DAR), and interest coverage ratio (ICR) on dividend per share. Correlational research design was adopted and employed secondary panel data obtained from the audited financial statements of ten ...

Jul, 2026 pp. 27-39

2

Research Article DOI: 10.68022/kajarap.2026.tm1cc7r2

ENVIRONMENTAL AUDITING AND ENVIRONMENTAL PERFORMANCE OF LISTED COMPANIES IN SUB-SAHARAN AFRICAN COUNTRIES

Adeusi Amos Sunday^*, Adegbayibi Timothy Adesanmi, Gbadamosi Racheal Modope

Assurance services are encapsulated in environmental auditing of corporate entity in order to assured or attested to the credibility of environmental compliance of corporate entity to the environmental stakeholders and to authenticate their environmental performance. Thus, the study examined the effect of environmental auditing on the environmental performance of listed companies in Sub-Saharan Af...

Jul, 2026 pp. 1-26

3

Research Article DOI: 10.68022/kajarap.2026.xwzgurnv

FINANCING DECISIONS AND FIRM VALUE: EMPIRICAL EVIDENCE FROM LISTED MANUFACTURING FIRMS IN NIGERIA

Salaudeen Toheeb^*, Ogidi Samson Olofu, Oriaje Benjamin Caleb

The consequence of economic uncertainties is reflected in the fluctuating shareholder value of firm in the Nigeria manufacturing sector. The sector experienced a severe decline in general operation, shock in earnings and breach of debt covenant which was primarily attributed to a reduction in disposable earnings of customers, supply chain blockage, exchange rate fluctuation, continuous naira deval...

Jul, 2026 pp. 90-105

4

Research Article DOI: 10.68022/kajarap.2026.djg8osb9

FINANCIAL PERFORMANCE AND SHARE PRICE OF LISTED MANUFACTURING FIRMS IN NIGERIA: THE MODERATING ROLE OF FAIR VALUE ACCOUNTING

Babatunde Moses Ololade^*, Moses Olumuyiwa Ojo

The study examines the moderating role of fair value accounting on the nexus between financial performance and share price of listed Nigerian manufacturing companies. The study explores 18 manufacturing companies listed on the Nigerian Exchange Group (NGX) spanning from 2017 to 2023. Secondary data was obtained from the annual audited report and accounts of the listed firms, which were available o...

Jul, 2026 pp. 143-154

5

Research Article DOI: 10.68022/kajarap.2026.1z1qo79f

TAX REVENUE AND ECONOMIC GROWTH IN NIGERIA: EVIDENCE FROM COMPANY INCOME TAX, VALUE ADDED TAX AND TERTIARY EDUCATION TAX

Olajumoke R. Ogunniyi^*, Olusola Dahunsi

The study focuses on the effect of tax revenue on Nigeria's economic growth period from 2010 to 2022, which has not gained attention in previous studies. In this study, three major taxes, namely company income tax (CIT), value added tax (VAT), and tertiary education tax (TET) are identified, with gross domestic product (GDP) as the measure of growth. Fully modified ordinary least squares (FMOLS) i...

Jul, 2026 pp. 124-142

6

Research Article DOI: 10.68022/kajarap.2026.im2ft4p1

IMPLICATIONS OF ARTIFICIAL INTELLIGENCE ADOPTION AND CORPORATE GOVERNANCE MECHANISMS: A COMPARATIVE EMPIRICAL STUDY OF EUROPEAN UNION, CHINA, AND NIGERIA

Mohammed Ramon Samuel^*, Fatogun Olukunle Ibukun, Ajibade Elizabeth Tobiloba

Artificial Intelligence (AI) has become a disruptive technology with the potential of transforming corporate governance (CG) by increasing transparency, monitoring effectiveness, and decision-making quality. Though its use is rapidly spreading throughout the world, there remain substantial differences in the governance impacts that arise from AI in advanced economies compared to those in developin...

Jul, 2026 pp. 106-123

7

Research Article DOI: 10.68022/kajarap.2026.0q7lthab

ASSET ALLOCATION AND FINANCING INTENSITY IN A SHARIA COMPLIANT BANK: EVIDENCE FROM JAIZ BANK PLC

Abass Adekunle Adewale^*, Saheed Akande Shittu

This study examines the impact of asset allocation on financing intensity of Jaiz Bank Plc in Nigeria within the period of quarterly data from second quarter of 2016 to first quarter 2026. The study is a correlational research design which uses secondary data gathered from the published financial statements of Jaiz Bank Plc. Data analysis was done using Autoregressive Distributed Lag (ARDL) model....

Jul, 2026 pp. 52-70

8

Research Article DOI: 10.68022/kajarap.2026.aybyxic9

CORPORATE MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF FOOD AND BEVERAGE INDUSTRY IN SOUTHWESTERN REGION OF NIGERIA

Ojedele, Mofoluwaso Iyabode^*

Although financial performance is one of the most critical key factors in competitiveness and sustainability of manufacturing firms, there are still many food and beverage companies in the south western part of Nigeria who are facing challenges at the operational and managerial level that is threatening their financial performance. Therefore, the study examined the effect of the corporate manageme...

Jul, 2026 pp. 40-51

9

Research Article DOI: 10.68022/kajarap.-1.mcbuli9d

FORENSIC ACCOUNTING, FRAUD ANALYSIS, INVESTIGATION AND PREVENTION: A CASE OF DEPOSIT MONEY BANKS IN NIGERIA

Olufemi Adesina^*, Tolulope Adesina, Aderonke Bolade

The study examines the role of forensic accounting in detecting, analysing, investigating and preventing fraud in Nigerian Deposit Money Banks (DMBs). The banking sector is the most vulnerable industry in Nigeria to fraud with the Nigeria Deposit Insurance Corporation (NDIC) reporting cumulative losses in the sector from 2019 to 2023 has surpassed ₦150 billion. The study was of a convergent mixed ...

Jul, 2026 pp. 155-167

10

Research Article DOI: 10.68022/kajarap.2026.bel0pxlw

INVESTMENT DECISIONS AND PERFORMANCE OUTCOMES OF PENSION FUND ADMINISTRATORS IN NIGERIA

A. D. Zubairu, Solomon Mangba Aza, Abdulrahman Bappa^*

This study examined the relationship between investment decisions and the performance outcomes of Pension Fund Administrators (PFAs) in Nigeria, with specific attention to how fund returns, equity investment, contribution density, and investment strategy collectively influence pension fund performance. The study was motivated by persistent variability in pension fund performance among PFAs, which ...

Jun, 2026 pp. 336-349

11

Research Article DOI: 10.68022/kajarap.2026.vgx6l0sh

DIGITAL CURRENCIES AND ACCOUNTING PROCEDURES: A CONCEPTUAL REVIEW

Adetifa Gideon Bamidele^*, Worimegbe Temitope Mariam

Digital currencies and assets (which include cryptocurrencies, central bank digital currencies, among others) are reorganizing financial systems globally and accounting is evolving accordingly. They are difficult to recognize, measure, value, and disclose in financial statements because they are decentralized, subject to price volatility, and technologically complex. This study offers a discussion...

Jun, 2026 pp. 653-665

12

Research Article DOI: 10.68022/kajarap.2026.wkbnvcx4

IMPACT OF TALENT GAP AND CHANGING SKILLSET ON ACCOUNTING PROFESSIONALS IN NIGERIA: A CONCEPTUAL REVIEW

Abubakar Mohammed, Bashir Alhaji Bello^*

This paper examines the impact of talent gap and changing skillset on accounting professionals in Nigeria. Drawing on Neo-Correspondence Theory, the study synthesizes empirical and theoretical literature to identify and categorize critical skills including technical, digital, soft, and emotional intelligence required for modern accountants. The study employs a conceptual research design suitable f...

Jun, 2026 pp. 350-364

13

Research Article DOI: 10.68022/kajarap.2026.cc6bambf

ARTIFICIAL INTELLIGENCE, DIGITALIZATION INVESTMENT AND TAX REVENUE YIELD IN NIGERIA

Catherine Omoleye Gbemigun^*, Muyiwa Ezekiel Alade

The prevailing scenario in Nigeria’s tax system reveals an intricate web of challenges such as manual processes, bureaucratic bottlenecks, and inconsistent data management which contribute to revenue leakages and tax evasion. The study evaluated the effect of disruptive technology on tax revenue yield proxy with tax collection efficiency (TCE) and tax gap ratio (TGR), while exploring the moderatin...

Jun, 2026 pp. 365-390

14

Research Article DOI: 10.68022/kajarap.2026.q3s8vo3c

THE MODERATING EFFECT OF GENDER ON BASIC PAY EQUITY AND EMPLOYEE COMMITMENT IN LAGOS STATE NIGERIA

Notie Emmanuel Iyobosa^*

This study investigates the moderating effect of gender on the relationship between perceived basic pay equity and employee commitment among teachers in private primary and secondary schools in Ojo Local Government Area of Lagos State, Nigeria. Despite extensive research on compensation and commitment, limited attention has been given to how perceptions of internal and external pay equity influenc...

Jun, 2026 pp. 391-414

15

Research Article DOI: 10.68022/kajarap.2026.zwnpmqpc

AN EMPIRICAL ANALYSIS OF FORENSIC ACCOUNTING SKILLS AND FINANCIAL REPORTING QUALITY IN LISTED NIGERIAN DEPOSIT MONEY BANKS

Muhammad Rabiu Garba^*, Shehu Abubakar, Nasirudeen Abubakar

The main objective of this study is to empirically examine the application of forensic accounting skills in improving financial reporting quality (FRQ) of listed Deposit Money Banks (DMBs). The study employed a survey research design and the population of the study consists of all the DMBs listed on the floor of the Nigerian Stock Exchange as at 31st December, 2020. The study used primary sources ...

Jun, 2026 pp. 415-430

16

Research Article DOI: 10.68022/kajarap.2026.j64a967z

IMPACT OF GOODWILL, INTANGIBLE ASSETS, AMORTISATION AND IMPAIRMENT CHARGES ON MARKET VALUE OF LISTED MANUFACTURING FIRMS IN NIGERIA

Zakariya Musa^*, Amos Bukar

This study examines goodwill, amortization and impairment charges and intangible asset on the market value of listed manufacturing firms in Nigeria. The principle guiding recognition, identification, future of economic value and measurement of Goodwill have been conflicting. Amortisation and impairment charges are often significant during financial crises and the net intangible asset is increasing...

Jun, 2026 pp. 431-447

17

Research Article DOI: 10.68022/kajarap.2026.ag3qfbp9

HUMAN RESOURCE ACCOUNTING AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA: THE MODERATING ROLE OF FIRM SIZE

Godwin David^*, Elisha Williams Baba, Mark David Kantiyok, Adamu Shehu Shika, Daniel Kelvin John

The study investigates the moderating effect of firm size on the relationship between human resource accounting and the financial performance of listed oil and gas firms in Nigeria. The independent variable, human resource accounting is proxied by staff training and development costs, while the dependent variable, financial performance is proxied by return on assets. The study employed a correlati...

Jun, 2026 pp. 448-460

18

Research Article DOI: 10.68022/kajarap.2026.ysse7xi7

EFFECT OF AUDIT COMMITTEE SIZE AND AUDIT COMMITTEE GENDER DIVERSITY ON FINANCIAL REPORTING QUALITY OF LISTED MANUFACTURING FIRMS IN NIGERIA

Mustapha Ilyas Abdulwasiu^*, Suleiman Tauhid, Joshua Okpanachi, Agbi Eniola Samuel, Adzor Ibiamke

Financial reporting quality is essential for promoting transparency, accountability, and investor confidence in corporate governance. It is against this backdrop that this study examines the effect of audit committee size and audit committee gender diversity on financial reporting quality of manufacturing firms in Nigeria. This study covered the period from year 2010 to 2024 and employed an ex-pos...

Jun, 2026 pp. 461-482

19

Research Article DOI: 10.68022/kajarap.2026.m3mhn4vj

EFFECT OF AUDIT COMMITTEE GENDER DIVERSITY ON FINANCIAL REPORTING QUALITY OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Racheal Arastus Dogari^*, Nma Ahmed Mohammed, Irom Marvis Irom

The study examined the effect of gender diversity on the financial reporting quality (FRQ) of listed Nigerian consumer goods companies, spanning 15 years period (2010–2024). The population of the study is the twenty-three (23) listed consumer goods firms in Nigeria, while the sample size is thirteen (13) which were selected using the purposive sampling technique. Data was sourced from the audited ...

Jun, 2026 pp. 483-499

20

Research Article DOI: 10.68022/kajarap.2026.wk20h6z3

CHIEF EXECUTIVE OFFICER’S CHARACTERISTICS AND FINANCIAL DISTRESS LIKELIHOOD OF LISTED DEPOSIT MONEY BANKS IN NIGERIA: MODERATED BY BOARD SIZE

Hadiza Adamu Sange^*, Murtala Abdullahi, Idris Mohammed

This study examines the influence of chief executive officer (CEO) characteristics on the financial distress of listed deposit money banks in Nigeria. A correlational research design was adopted, with a population of 14 banks listed on the Nigerian Exchange Group covering the period 2007–2022. Given the population, a census sampling technique was employed, resulting in a sample size of 14 banks. T...

Jun, 2026 pp. 500-516

21

Research Article DOI: 10.68022/kajarap.2026.3td9jxji

IMPACT OF BOARD CHARACTERISTICS ON RISK MANAGEMENT OF LISTED INDUSTRIAL GOODS COMPANIES IN NIGERIA

Yushau Abdulkarim Umar^*, Buhari Galadima Abdullahi, Hudu Hassan Abubakar

This study investigates the impact of board characteristics on risk management in listed industrial goods companies in Nigeria from 2020–2024, a period shaped, by inflation, and exchange rate volatility. The study employed panel data from seven firms, yielding 35 firm-year observations. Board characteristics examined include size, independence, gender diversity, financial expertise, and meeting fr...

Jun, 2026 pp. 517-531

22

Research Article DOI: 10.68022/kajarap.2026.kee1frs4

COST CONTROL MEASURES AND OPERATIONAL PERFORMANCE OF PHARMACEUTICAL FIRMS IN NIGERIA: EVIDENCE FROM SELECTED COSTING METHODS

Onifade Hakeem Olayinka^*, Momoh Yusuf Chris, Olaonipekun Oluwatosin Omotolani

This study examines the relationship between cost control measures and operational performance in Nigerian pharmaceutical firms. Cost control is proxied by three costing methods, namely Activity-Based Costing, Traditional or Full Absorption Costing, and Standard Costing Techniques, while operational performance is proxied by brand loyalty, customer satisfaction, and market share. The investigation...

Jun, 2026 pp. 532-544

23

Research Article DOI: 10.68022/kajarap.2026.m3ziwaix

AUDIT QUALITY AND EARNINGS QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Onifade Hakeem Olayinka^*, Oladele Deborah Bukola, Ajani Sodiq Olayemi, Adedoyin Olubukola Ojegoke

This study examined the effect of audit quality on earnings quality of listed deposit money banks in Nigeria, focusing on audit firm size, audit fees, and auditor tenure as determinants of discretionary accruals (earnings quality proxy). It was motivated by concerns over earnings manipulation and weak financial reporting despite regulatory oversight. The population of the study consists of all 13 ...

Jun, 2026 pp. 545-561

24

Research Article DOI: 10.68022/kajarap.2026.luv1dgvy

ASSESSMENT OF EMPLOYEES’ PERCEPTION OF ARTIFICIAL INTELLIGENCE TECHNOLOGIES IN TAX ADMINISTRATION: EVIDENCE OF THE EDO STATE INTERNAL REVENUE SERVICE (EIRS) IN NIGERIA

Franklin Taiye Umaigba^*, Doris Esohe Aiworo

This study investigates the perception of employees on Artificial Intelligence (AI) technologies in Taxation administrative using Edo State Internal Revenue Service (EIRS) as a case study. The objectives of the study were to measure employees feedback with regard to their familiarity with AI tools, level of perception towards usefulness of AI technologies, intention to use such systems in future, ...

Jun, 2026 pp. 562-569

25

Research Article DOI: 10.68022/kajarap.2026.sepi6kx6

THE MODERATING ROLE OF FIRM SIZE ON BOARD INDEPENDENCE AND LIQUIDITY OF LISTED MANUFACTURING FIRMS IN NIGERIA

Blessing Ogechi Ajunwa^*, Joshua Okpanachi, Agbi Eniola Samuel, S. G. Joshua, M. I. Irom

The effect of board independence on the liquidity of manufacturing firms has been a subject of increasing research interest. While some studies suggests that independent boards often have superior financial management and reporting standards, and boosting liquidity, some others differ on this proposition. This study examined the moderating role of firm size on board independence and liquidity of l...

Jun, 2026 pp. 570-582

26

Research Article DOI: 10.68022/kajarap.2026.bpoo2g8r

EFFECT OF ACCESS TO CREDIT ON FINANCIAL PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

Olaniyi Idowu Oladapo^*, Mofoluwaso Iyabode Ojedele

In Nigeria, where Small and Medium Enterprise (SMEs) contributes substantially to employment generation and economic development, access to credit facilities is a key factor that determines the growth and sustainability of SMEs. Despite financial interventions the contribution of credit access to the financial performance of SMEs is not a clear issue. This study examined the effect of access to cr...

Jun, 2026 pp. 583-599

27

Research Article DOI: 10.68022/kajarap.2026.431pkauq

EFFECT OF FINANCIAL TECHNOLOGY APPLICATIONS ON WEALTH ACCUMULATION AMONG GENERATION-Z IN SOUTHWEST NIGERIA

Akinyede Oyinlola Morounfoluwa^*

Financial technology (FinTech) applications have transformed the ways in which Generation-Z (Gen-Z) save, invest, and manage their finances, previous research has rarely distinguished between wealth-building and speculative digital financial behaviours. This study examined the effects of betting applications, cryptocurrency applications, and digital saving applications on wealth accumulation among...

Jun, 2026 pp. 600-615

28

Research Article DOI: 10.68022/kajarap.2026.xtt84kxw

THE NEXUS BETWEEN CUSTOMER PROTECTION AND FIRM PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN SOUTH AFRICA

Adekunle Emmanuel Adegboyegun^*, Ayobaye Salemcity, Sunday Rufus Oloruntoba

Customer protection has become an increasingly central dimension of stakeholder management and sustainable value creation, particularly in emerging markets where regulatory enforcement and information transparency remain inconsistent. This study investigates the relationship between customer protection and firm performance among listed consumer goods companies in South Africa. Specifically, it exa...

Jun, 2026 pp. 616-636

29

Research Article DOI: 10.68022/kajarap.2026.qrckzi5j

BOARD CHARACTERISTICS AND DIVIDEND POLICY OF LISTED OIL AND GAS FIRMS IN NIGERIA: A MODERATING ROLE OF AUDIT COMMITTEE TENURE

Talitha-Cum Sunday Maikasuwa^*, Abdullahi Murtala, Hussaini Bala

This study examined the effect of board characteristics on the dividend policy of listed oil and gas firms in Nigeria, with audit committee tenure serving as a moderating variable. The study was anchored on the Stewardship Theory. A correlational research design was adopted, while secondary data were obtained from the audited annual reports and accounts of all seven listed oil and gas firms on the...

Jun, 2026 pp. 637-652

30

Research Article DOI: 10.68022/kajarap.2026.2a9f9rqr

EFFECT OF SUSTAINABILITY DISCLOSURE ON FINANCIAL PERFORMANCE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA

Halimatu Sa'adiya Abubakar, Ame Jacob O., Oladimeji Ayodele Sunday^*

The growing demand for corporate accountability beyond financial performance has heightened interest in sustainability disclosure as a driver of long-term firm value, particularly in emerging economies such as Nigeria where transparency gaps persist. Motivated by limited and inconsistent evidence on the financial implications of environmental, social, governance, and economic (ESGE) disclosure, th...

Jun, 2026 pp. 151-161

31

Research Article DOI: 10.68022/kajarap.2026.drw00lvb

CORPORATE GOVERNANCE, INTERNAL CONTROL SYSTEM AND FIRMS’ FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA

Okulenu Samuel Adetayo^*, Idowu Afolasade Florence

The paper is centered on corporate governance, internal control system, and their impact on financial performance of listed manufacturing firms in Nigeria from 2015 to 2024. The population consist of all the 67 manufacturing firms listed on the Nigerian Exchange (NGX) Group that cuts across 7 sectors which include oil and gas, conglomerates, agriculture, consumable goods, industrial goods, healthc...

Jun, 2026 pp. 1-22

32

Research Article DOI: 10.68022/kajarap.2026.ea7yjd50

FINANCIAL PERFORMANCE AND ENVIRONMENTAL SUSTAINABILITY REPORTING OF LISTED MANUFACTURING FIRMS IN NIGERIA

Okulenu Samuel Adetayo^*, Idowu Afolasade Florence

Environmental sustainability reporting (ESR) has become increasingly important for identifying environmentally responsible firms and balancing profit objectives with sustainability expectations. This study examined how financial performance influences ESR among listed manufacturing firms in Nigeria, focusing on profitability and liquidity as key determinants. An ex-post facto research design was a...

Jun, 2026 pp. 23-36

33

Research Article DOI: 10.68022/kajarap.2026.lu7i5pqj

ENVIRONMENTAL COST MANAGEMENT SYSTEM AND CORPORATE ECONOMIC PERFORMANCE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

Olubunmi Modupe Odugbemi^*

The study investigates the effect of environmental cost management system on corporate economic performance of listed industrial goods firms in Nigeria. The study employed longitudinal research design. Data were extracted from audited annual reports of industrial goods firms from the period of 2015 to 2024 using content analysis. The population which also is the sample size are the 13 listed indus...

Jun, 2026 pp. 37-52

34

Research Article DOI: 10.68022/kajarap.2026.bvdu1zav

EFFECT OF CORPORATE GOVERNANCE ON TAX PLANNING OF LISTED NON-FINANCIAL FIRMS IN NIGERIA

Amedu Jimoh Michael^*, Iliemena-Ifeanyi Rachael Okwudili

This study investigates the effect of corporate governance on tax planning among listed non-financial firms in Nigeria. Using a balanced panel dataset of 56 firms over the period 2012–2021, the study employs panel regression analysis, estimated using Fixed Effects (FE) and Random Effects (RE) models, with the Hausman specification test used to select the appropriate estimator. Tax planning is meas...

Jun, 2026 pp. 53-65

35

Research Article DOI: 10.68022/kajarap.2026.f0iww5qy

AUDIT COMMITTEE INDEPENDENCE AND FINANCIAL REPORTING QUALITY OF LISTED MANUFACTURING FIRMS IN NIGERIA: MODERATED BY GENDER DIVERSITY

Mustapha Ilyas Abdulwasiu^*, Suleiman Tauhid, Joshua Okpanachi, Agbi Eniola Samuel

Given Nigeria’s continuous financial reporting issues, notably the Oando Plc incident and longstanding security and exchange commission-reported fraud cases, questions remain over the veracity of business disclosures in the manufacturing sector. This study examines the effect of audit committee independence on financial reporting quality of listed manufacturing firms in Nigeria and moderated by au...

Jun, 2026 pp. 66-85

36

Research Article DOI: 10.68022/kajarap.2026.xr3wza9i

BOARD INDEPENDENCE AND SUSTAINABILITY DISCLOSURE OF LISTED MANUFACTURING FIRMS IN NIGERIA: MODERATING ROLE OF FIRM AGE

Sherifat Abdulazeez^*, Lateef Olumide Mustapha, Agbi Eniola Samuel, Joshua Samuel Gambo

Sustainability disclosure plays an important role in improving the transparency of information, the involvement of stakeholders, and the long-term responsibility of corporations, especially in growing economies such as Nigeria. This study examines the moderating role of firm age and the effect of board independence on the sustainability disclosure of listed manufacturing firms in Nigeria. Purposiv...

Jun, 2026 pp. 86-99

37

Research Article DOI: 10.68022/kajarap.2026.8gpizxc3

ASSET GROWTH RATE AND FINANCIAL PERFORMANCE OF QUOTED MANUFACTURING FIRMS IN NIGERIA

Archibong Comfort Charles^*, Jackson-Akhigbe Beauty E.

This study examines the effect of asset growth rate on the financial performance of quoted manufacturing firms in Nigeria, with the aim of providing empirical evidence on whether expansion in firms’ asset base enhances or weakens profitability. The study is motivated by real-life situations in the Nigerian manufacturing sector where firms frequently invest heavily in new plants, machinery, and wor...

Jun, 2026 pp. 100-113

38

Research Article DOI: 10.68022/kajarap.2026.mtkuzon1

MODERATING EFFECT OF AUDIT QUALITY ON FINANCIAL RISKS AND MARKET VALUE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA

Aruwa S. A. Suleiman, Naburgi Musa Mohammed, Onobruke Gass Samson^*

The concern for examining moderating effect of audit quality on financial risks and market value has been rekindled by the persistent global corporate scandals and business failures of audited companies with high market value. The study selected thirteen out of the fourteen quoted deposit money banks on Nigeria Exchange Limited (NGX) through purposive sampling technique for the study period of Jan...

Jun, 2026 pp. 114-133

39

Research Article DOI: 10.68022/kajarap.2026.084hf1s5

THE NEXUS BETWEEN FINANCIAL DEEPENING AND NON-OIL TAX REVENUE IN NIGERIA

Ikwulono Emmanuel Sunday^*

Tax revenues are the major drivers of government revenue sources for many economies all over the world. In Nigeria, the non-oil tax component has been the major source of tax revenue for government, growing by approximately 126% over the last 15 years. Despite the huge amount of non-oil tax revenues in Nigeria, it still constitutes an abysmal portion of government’s annual budgets. The extent to w...

Jun, 2026 pp. 134-150

40

Research Article DOI: 10.68022/kajarap.2026.2o1qvlqd

BOARD EFFECT OF BUDGETING AND BUDGETARY CONTROL ON BUDGET PERFORMANCE IN NIGERIA: A CASE OF ONDO STATE

Kolawole Tajudeen Olasoji^*, Ademola Emmanuel Akinyele, Adeyemo Malik Olawale

This study examined board effect of budgeting and budgetary control on budget performance in Nigeria: A case of Ondo State from 2020 to 2024. The objective was to assess how revenue forecasting accuracy, fiscal balance and expenditure control influence budget performance, measured using revenue realisation rate. The study adopts a quantitative ex-post facto research design, relying on secondary da...

Jun, 2026 pp. 324-335

41

Research Article DOI: 10.68022/kajarap.2026.ewqvc0t4

MANAGERIAL OWNERSHIP AND VALUE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Moses Christopher Kanwai^*, Marvis Irom Irom, Latifat Abdulsalam Abdulfatah

This study examined the effect of managerial ownership on the value of listed deposit money banks (DMBs) in Nigeria from 2014 to 2023. Firm value was measured by share price, while managerial ownership was measured by the total ordinary shares owned by managers and directors within the company, divided by total equity shares in the company. Using a panel dataset sourced from the annual reports of ...

Jun, 2026 pp. 167-182

42

Research Article DOI: 10.68022/kajarap.2026.qfceik3r

EFFECT OF FAMILY MANAGEMENT AND CONTROL ON VALUE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

Fodio Musa Inuwa^*, Musa Hassan, Oloshu Alanana Ibrahim

The dominance of family ownership and control in consumer goods companies in Nigeria continues to attract scholarly and investor interest due to its potential implications for firm value, particularly in an emerging market characterized by institutional weaknesses and volatile economic conditions. Motivated by the need to provide sector-specific and market-based evidence, this study examines the e...

Jun, 2026 pp. 183-199

43

Research Article DOI: 10.68022/kajarap.2026.ycg5dqty

INTERNAL AUDITING AND FINANCIAL PERFORMANCE OF LISTED INSURANCE FIRMS IN NIGERIA

Samson Oyewole Olabisi^*

Despite growing pressure from stakeholders for greater transparency, many insurance firms struggle to integrate internal auditing into their decision-making processes. This study therefore examined the effect of internal auditing on financial performance of listed insurance firms in Nigeria with specific attention on the effect of operational audit, compliance testing and risk assessment on financ...

Jun, 2026 pp. 200-221

44

Research Article DOI: 10.68022/kajarap.2026.ahx60ne1

EFFECT OF FIRM SIZE AND PROFITABILITY ON SUSTAINABILITY REPORTING OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

Muhammad Ishaq Khamees^*, Musa Sulieman Umar, Haruna Dadda'u, Zaharadeen Khamis

The study investigated the effect of firm characteristics on the sustainability reporting of listed industrial goods firms in Nigeria, with the main objective of examining how firm size, leverage, profitability, firm age, and firm growth influence sustainability disclosure. It adopted a correlation research design to establish the effect of firms' attributes on sustainability reporting disclosure ...

Jun, 2026 pp. 222-235

45

Research Article DOI: 10.68022/kajarap.2026.58bf2nhz

IMPACT OF CREDIT RISK MANAGEMENT ON PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA

Abdullahi Mohammed Bashir^*, Nasirudeen Abubakar, Idris Mohammed

This study investigates the impact of credit risk management on banks’ profitability in Nigeria from 2015 to 2024. The population of the study comprises of all the fourteen (14) deposit money banks listed on the Nigerian Exchange (NGX) Group as at 31 December, 2024. The study used ex-post facto research design. A panel estimation of fourteen banks from 2015 to 2024 was done using the random effect...

Jun, 2026 pp. 236-248

46

Research Article DOI: 10.68022/kajarap.2026.mkx93ags

NON-PERFORMING LOANS AND FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Badaki T. Janet^*, Benjamin Kumai Gugong, Ayuba A., Isuwa Dauda

This study examines the impact of credit risk on financial performance of listed Deposit Money Banks (DMBs) in Nigeria. The motivation for the study arises from persistent concerns over declining profitability, rising non-performing loans, and the overall stability of the Nigerian banking sector. Specifically, the study investigates the effect of Non-Performing Loan Ratio (NPLR), Loan Loss Provisi...

Jun, 2026 pp. 249-268

47

Research Article DOI: 10.68022/kajarap.2026.22eeyglp

IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF LISTED INFORMATION COMMUNICATION AND TECHNOLOGY FIRMS IN NIGERIA

Ochei K. Peter^*, Nasirudeen Abubakar, Gloria Pam Dachomo

This study addresses the growing need for empirical evidence on the financial outcomes of CSR initiatives in the Nigerian ICT sector, a context characterised by rapid digital transformation, institutional weaknesses, and high socio-economic expectations. This study investigates the impact of Corporate Social Responsibility (CSR) on the financial performance of listed Information and Communication ...

Jun, 2026 pp. 269-290

48

Research Article DOI: 10.68022/kajarap.2026.3mmgzlrx

BEHAVIOURAL ATTRIBUTES AND FINANCIAL WELLBEING OF WOULD-BE RETIREES IN NIGERIA

James Kyoun Gaiya^*, Samson Nyahas, Livinus Maimako

Financial wellbeing in later life has become increasingly dependent on individual behavioural capacity in developing economies where institutional retirement protections remain fragile. Despite Nigeria’s Contributory Pension Scheme, retirement outcomes remain uncertain, shifting responsibility for preparedness toward employees. This study examines the behavioural determinants of financial wellbein...

Jun, 2026 pp. 291-306

49

Research Article DOI: 10.68022/kajarap.2026.knoticlk

EDUCATIONAL FINANCING AND PERFORMANCE OF ACADEMIC CAPACITY IN NIGERIAN FEDERAL UNIVERSITIES

Fodio Musa Inuwa^*, Jacob O. Ame, Usman Musa Musa, Isiguzo Joy Onyekachi

The performance of Federal Universities in Nigeria is one of the key determinants of the nation’s academic and technological development, yet insufficient financing continues to constrain their ability to deliver quality teaching, learning, and research. This study examines the effect of educational financing on academic capacity in Federal Universities in Nigeria, focusing on the provision of phy...

Jun, 2026 pp. 307-323