Programme: Accounting

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Author: search.filters.author.Alawode, Olufemi PeterSubject: search.filters.subject.Nigeria

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    Inflation Adjustment Dynamics Under Fixed and Managed Flexible Exchange Rate Regimes in Nigeria: Nonlinear Autoregressive Distributed Lag (Nardl) Models
    (Journal of Economics & Management Research, 2025) Adeyemi, Gbenga; Nwobodo, Helen; Alawode, Olufemi Peter
    T his study investigates the dynamics of inflation adjustment under fixed and managed flexible exchange rate regimes in Nigeria. Using quarterly secondary data, the analysis spans 1981–1986 for the fixed exchange rate period and 1987–2023 for the managed flexible exchange rate period. The dependent variable is the consumer price index (CPI), while the independent variables include the nominal exchange rate (NEXRT), fixed and managed flexible exchange rates, and real gross domestic product (RGDP). Economic challenges, such as the Central Bank of Nigeria's (CBN) inability to maintain a fixed exchange rate due to declining foreign exchange reserves and rising demand for dollars, prompted the shift to a managed exchange rate regime. The ADF and PP unit root tests reveal that CPI is stationary at level (I(0)), while NEXRT and RGDP are stationary after first differencing (I(1)). The ARDL bounds test confirms a long-run relationship among the variables, indicating co-integration. Employing the NARDL model, the findings reveal that under the fixed exchange rate regime, short-run disequilibria are corrected by 53% in the long run, with statistical significance (p = 0.0008). For the managed flexible exchange rate regime, deviations are corrected by 85% in the long run, also statistically significant (p = 0.0000). The study recommends that monetary authorities enhance dollar availability to support policy objectives and curb inflationary pressures
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    ENVIRONMENTAL ACCOUNTING AND REPORTING PRACTICES: SIGNIFICANCE AND ISSUES AND JOURNEY AHEAD IN NIGERIA CORPORATE ORGANISATION
    (European Journal of Accounting, Auditing and Finance Research Vol.8, 2020) Alawode, Olufemi Peter; Adegbie, Folajimi Festus
    Environmental accounting and reporting practices as an emerging trending issue is dynamically fruitful to the fulfilment of the yearnings and aspirations of the key stakeholders in the corporate set up. It introduces transparency and accountability particularly in the area of resources management more so with natural resources. It involves the identification, measuring and controlling of costs, liabilities and consequentially assets that may be affected in the course of ordinary business and it encompasses sustainability reporting as well. A combination of primary and secondary data revealed that environmental accounting is still at infancy and the need for an implementation roadmap backed by the necessary statutes will be desired to ensure that all the accruable benefits of environmental accounting and reporting are enjoyed.