Programme: Accounting
Permanent URI for this collectionhttp://itsupport.cu.edu.ng:4000/handle/123456789/28786
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Item SOVEREIGN BOND AND STOCK MARKET RETURNS IN A RISING ECONOMY(JOURNAL OF LAW AND SUSTAINABLE DEVELOPMENT, 2023) Omodero, Cordelia Onyinyechi; Jones, Ebieri; Ekundayo, Olugbenga; Eriabie, SylvesterPurpose: The aim of this study is to examine the impact of government bonds on Nigeria's stock market performance. Theoretical framework: This work adopted the model of Khan and Zaman (2012) which used multiple regression method to investigate the link between macroeconomic factors and stock values in Pakistan's Karachi Stock Exchange. Design/methodology/approach: The research period runs from 2005 to 2022, and uses the secondary form of data and the ordinary least squares approach. Other analytical examinations include normalcy, stability, interconnectivity, and autocorrelation testing. Findings: The results show that the Federal Government's unique bond does not considerably and favorably impact stock market performance. The stock outcome also demonstrates that interest rates are extremely unfavorable to stock market returns. Research, Practical & Social implications: The study concludes that the government can apply other techniques to diversify bonds sold in the stock market. It is imperative that the appropriate authorities manage interest rates and other economic elements that impact stock market performance. Originality/value: The study is valuable since it is one of the first to assess the influence of government bonds in boosting stock market performance in an emerging nation. Although the outcome of the study calls for government action to ensure that state bonds are fascinating to investors, it should also endeavour to improve the sustainability of the country's stock market.Item Tertiary Education Tax, Information Technology Development Levy and Funding of Educational System in Nigeria(Journal of Educational and Social Research Vol 13, 2023) Omodero, Cordelia Onyinyechi; Adeyemo, Kingsley Aderemi; Ekundayo, Olugbenga; Omesue, Chukwudi Emmanuel; Eriabie, Sylvester; Lawrence, ImeokpariaDue to poor funding of education in Nigeria, there has been a lot of instability in the educational system which ranges from frequent industrial revolt to a complete shutdown of schools in the country. The situation has become unbearable for families that now have their wards sitting at home due to no academic activities going on in the institutions of learning. This is not just because of poor governance but has been majorly attributed to limited sources of income available for school funding. The study assesses the effectiveness of tertiary education tax and information technology development levy in providing the needed funds for schools. The secondary data employed for this study cover a period from 2010 to 2021 and the multiple regression model is applied for the analysis. The result reveals that education in Nigeria requires more funds as the tertiary education tax lacks the capacity to adequately fund academic activities in the country. However, information technology development levy exerts a considerable impact on education financing. Therefore, the study proposes that the government should exploit other funding opportunities from other national income sources to augment the tertiary education tax. Also, the government should improve the fiscal planning for education expenditure by reducing the funds for other less essential expenditure responsibilities in the annual budget. The study also suggests that the government should endeavor to address the issues affecting the educators so that they can continue their classroom activities without grievances.