Browsing by Author "Adegboye, Folasade"

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Financial literacy, financial capabilities, and sustainable business model practice among small business owners in Niger
(2021) Babajide, Abiola; Osabuohien, Evans; Tunji-Olayeni, Patient; Falola, Hezekiah; Amodu, Lanre; Olokoyo, Felicia O.; Adegboye, Folasade; Ehikioya, Benjamin
The study investigates how financial literacy and financial capabilities influence small firms’ sustainability in Lagos and Ogun States, Nigeria. It employs a survey research design to collect data from 300 small business owners across the two States. Data collected were analysed using Structural Equation Modelling (SEM) technique. The study shows that environmental sustainability, financial sustainability and social responsibility are significant determinants of small firms’ sustainability in Nigeria. Financial literacy and financial capabilities practices also have a significant positive impact on firm sustainability. However, the use of savings product shows a significant adverse effect on firms’ sustainability. The findings imply that financial literacy knowledge and practice in small business operations enhance firms’ sustainability. The study recommends that small firms should incorporate sustainability models into their business operations and improve their financial knowledge to maintain sustainability. Small business owners should also invest their savings in an appropriate investment product that suits their risk tolerance.
Financial System Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks' Performance: An Empirical Investigation
(WSEAS TRANSACTIONS on SYSTEMS and CONTROL, 2020) Olokoyo, Felicia O.; Isibor, Areghan; Adegboye, Folasade; Adesina, Tolulope; Osuma, Godswill; Adebayo, Mercy
Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria
(Science Publishing Group, 2025) Adesina, Tolulope; Okoh, Jude Idemudia; Areghan, Isibor; Olokoyo, Felicia; Ehikioya, Benjamin; Adegboye, Folasade; Omoyin, Taiwo
The issue of bank failure due to low level of liquidity has been an age-long challenge bedeviling the Nigerian banking sector. Hence, this study examined the linkage between money market and the liquidity of some selected quoted banks in Nigeria. Specifically, the study assessed the impact of deposit money banks’ working capital on savings deposits in Nigeria, and it also investigated how the interbank call rate influences monetary policy rate in Nigeria. The research used secondary data from 2014 till 2023 of five (5) selected banks including First Bank PLC, Guaranteed Trust Bank, Zenith Bank, United Bank for Africa PLC, and Access Bank PLC for its analyses. Findings showed that, first, there was a significant and positive relationship between savings deposit rates and working capital, and secondly, monetary policy rate does not have a statistically significant impact on the interbank call rate. The study thus recommended that as savings depo sit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions. The study further recommended that understanding the differential impact of various financial indicators on bank liquidity can help policymakers design more targeted and effective monetary policies. For instance, if savings deposit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions.