Programme: Accounting

Permanent URI for this collectionhttp://itsupport.cu.edu.ng:4000/handle/123456789/28786

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Start date: 2020Has files: Yes

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    A QUASI-EXPERIMENTAL STUDY OF THE EFFECT OF TAX EDUCATION ON TAX AWARENESS OF UNDERGRADUATE STUDENTS IN COVENANT UNIVERSITY
    (Covenant University, Ota, 2026-07) MURELE, Funmilayo Okikola; Covenant University, Dissertation
    Some of the evidence that is available on the effects of formal tax education on awareness of current tax reforms is rather fragmentary and it does not compare differences in the curriculum structures and their delivery by different programmes. The main research goal of this study was to find out the effect of tax education on undergraduate students' tax awareness based on the 2026 tax reform policy. The quasi-experimental research design was used, involving 220 valid questionnaires of which 253 were distributed, between accounting students and Economics students. The data were processed using descriptive statistics, independent-samples t-test and multiple linear regression. All the hypotheses were tested at 5% level of significance. The results indicated that there is a significant difference between Accounting and Economics students in tax awareness (t = 2.259, p = .025) and accounting students have higher mean scores (12.78) than Economics students (11.71). The regression model was significant overall (F = 3.399, p = .019) but not for any of the individual predictors. A second model including the number of seminars attended also was significant overall (F = 2.748, p = .029) with no individually significant predictors. The study suggests that universities should enhance the tax education courses and create new supplementary tax education channels to enhance the tax awareness of students.
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    EFFECT OF TAX REFROMS ON REVENUE GENERATION IN NIGERIA
    (Covenant University, Ota, 2026-07) EBONG, Favour Emmanuel; Covenant University, Dissertation
    Despite successive tax reforms in Nigeria since 2007, the country’s tax-to-GDP ratio has remained persistently low compared to global benchmarks for developing economies. This raises questions about the effectiveness of these reform regimes in improving revenue mobilization. This study assessed the effect of recent tax reforms on revenue generation in Nigeria. It focused on all tax reforms between 2007 to 2025. The study adopted an ex-post facto research design using data from the Nigeria Revenue Service, CBN Statistical Bulletin and National Bureau of Statistics. Data were analysed using descriptive statistics and the Autoregressive Distributed Lag (ARDL) bounds testing approach through EViews 10 to capture both short-run and long-run dynamics. The findings revealed that tax reforms do not have a significant impact on tax-to-GDP ratio, tax reforms do not have a significant effect on tax revenue, tax reforms do not have a significant effect on non-oil revenue growth, and the effectiveness of tax reform regimes does not significantly differ during the study period. The study concluded that there is no significant difference in the effectiveness of tax reform regimes on revenue generation in Nigeria between 2007 and 2025. The study concludes that frequent legislative changes have failed to translate into improved revenue outcomes due to underlying structural weaknesses.
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    Women on Corporate Boards and Their Influence on Firm Performance in Nigeria: Evidence From Panel Data Analysis
    (African Development Review, 2025) Ehikioya, Benjamin Ighodalo; Omankhanlen, Alexander Ehimare; Mac-Ozigbo, Ada; Okoye, Lawrence Uchenna; Ufua, Daniel Ebakoleaneh
    There have been concerns about the impact gender inequality and board composition could have on the performance of firms, especially in emerging economies. Effective board composition is an essential factor in modern organisations. Thus, this study examines whether female inclusion in company boards impacts the performance of publicly traded firms in Nigeria from 2013 to 2022. The study employed data from firms trading on the Nigerian Exchange Group from 2013 to 2022, the Fixed Effects model for analysis and two-stage least squares for robustness checks. The empirical findings show that female inclusion in corporate boards positively impacts firm performance in Nigeria. The study also explores board experience and age diversity to address the issue of cognitive as well as demographic diversity. The impact of female inclusion in corporate boards is significant when the directors have experience in board matters and possess a minimum of a bachelor's degree or comparable professional qualifications. After addressing the likelihood of endogeneity problems associated with governance variables, the results from the robustness checks remain the same. The findings imply that firms should promote board gender diversity as well as engage experienced and educated female directors in board-related matters to enhance good governance and firm performance.
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    Exchange Rate Dynamics and Foreign Portfolio Investment in Developing Economies: Evidence from Nigeria
    (Semantic Scholar, 2023) Adetiloye, K.; Awogbenja, Bukola Bolanle; Ehikioya, Benjamin Ighodalo
    This studyexamines how exchange rate fluctuations relate to foreign portfolio investment in Nigeria. We analysed the data gathered from the Central Bank of Nigeria, Nigeria Exchange Group and World Development Indicatorsof the World Bank from 2014 to 2021 using GARCH, Johansen Cointegration and Vector Error Correction Model. The result demonstrates a long run relationship between foreign portfolio investment and exchange rate volatility. The result shows that exchange rate volatility adversely impacts foreign portfolio investment flows to Nigeria. In addition, market capitalisation exerts a positive butinsignificant link with foreign portfolio investment in Nigeria. This finding implies that the government, through the Apex Bank,should adopt an improved exchange rate management policy to stabilise the rate. Moreover, it is vital for the stakeholders, especially the policymakers, to continue to develop the capital market and improve the business environment to attract foreign investment inflows. Collapse
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    Determinants of bank stability in an emerging market: A dynamic panel evidence from Nigeria
    (Asian Economic and Financial Review, 2026) Adesina, Fasiu Idowu; Ehikioya, Benjamin Ighodalo; Ikpefan, Ochei Ailemen
    Banks are a key driver of economic activities, especially in emerging markets, where capital markets are not well developed. Thus, this study examines the factors that determine the stability of banking in an emerging market. We have employed the fixedeffects and dynamic System-GMM techniques to analyze panel data collected from the annual reports of the banks, the bulletin of the Central Bank of Nigeria (CBN), and the World Bank database from 2014-2023. These estimators address heterogeneity, measurement error, endogeneity, and unobserved biases. The results indicate that capital adequacy ratios, liquidity ratios, efficiency, bank size, quality of governance, and profitability are important in enhancing bank stability in Nigeria. Although past stability has a positive influence on present stability, GDP growth has a positive but statistically insignificant effect on resilience. Bank stability is adversely impacted by non-performing loans, inflation, the quality of institutions, and interest rates. These findings suggest that banks should be regulated on bank-specific variables, including non-performing loans. The Central Bank should further strengthen its control over the Nigerian banking industry to foster resilience and sustainability. Policymakers should improve the level of governance and policies that promote stability.
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    Agricultural financing to guarantee food safety in an emerging nation: a case study of Nigeria
    (Vilnius Gediminas Technical University, 2022) Omodero, Cordelia Onyinyechi; Ehikioya, Benjamin Ighodalo
    Summary/Abstract: Investment in agriculture is very crucial in the present situation of Nigeria. The effort to overcome food insecurity can only be efficacious if steps in the right direction will be taken. At this juncture in the Nigerian economic history, the right step to take is to adequately finance agriculture in order to ensure sufficient food production and safety that will save the future of the country. This study emphasizes on investment in agriculture to guarantee food security in Nigeria. Several other studies focus on the numerous challenges food production in Nigeria suffer, however, it is important to come to a conclusion that agriculture requires huge financial investment to thrive. This study examines the impact of agricultural financing and output on food production using data from 2007−2019. The regression result reveals that agricultural output is significant and positive in affecting food production and safety but agricultural financing is immaterial in guaranteeing sufficient food production in the country. This result gives evidence that investment in the agricultural sector will be the solution to food insecurity in Nigeria. The government is by this study encouraged to increase the budget on agriculture in order to boost food supply and safety in the country
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    A Cointegration Analysis of the Impact of Selected Macroeconomic Fundamentals on Stock Market Performance in Nigeria
    (Academy of Strategic Management Journal Vol: 20, 2021) Ehikioya, Benjamin Ighodalo; Omankhanlen, Alexander Ehimare; Omodero, Cordelia Onyinyechi; Isibor, Areghan Akhanolu; Akinjare, Victoria Abosede; Okoye, Lawrence Uchenna
    The stock market and macroeconomic fundamental variables are important elements with a significant impact on economic growth and development. Thus, using the Johansen cointegration technique and the Vector Error Correction Model, this paper examines the connection between stock market performance and macroeconomic fundamentals in Nigeria. The study employs data from the Nigerian Stock Exchange and the Central Bank of Nigeria from 2010 to 2019. The findings from the empirical analysis reveal evidence that a long-run equilibrium connection exists between stock market prices and several macroeconomic factors in Nigeria. The result of the study indicates that the exchange rate and inflation exerts a negative influence on stock prices. A positive connection exists between money supply, crude oil prices, financial openness and stock prices in Nigeria. However, the result from the post-2016 economic recession reveals a negative and significant influence of crude oil prices on stock prices while all other variables maintain their direction of relationship with stock prices. This result implies that there is a need for the government to embark on aggressive economic diversification to other sectors of the economy. Also, the government must reduce the interest rate to encourage investment in the stock market, in addition to creating an enabling environment through policies and programs that would stimulate the economy and boost investors’ confidence.
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    AMismatch between External Debt Finances and Consumption Cost in Nigeria
    (Journal of Open Innovation: Technology, Market, and Complexity, 2020) Omodero, Cordelia Onyinyechi; Egbide, Ben-Caleb; Madugba, Joseph Ugochukwu; Ehikioya, Benjamin Ighodalo
    This study scrutinizes the influence of external obligation on the cost of living in Nigeria. In recent times, Nigeria has been tagged as the headquarters of world poverty due to the unaffordable cost of living that has resulted in all manner of crimes prevailing in the country. However, the role of foreign loans being contracted by the government in reducing consumption cost has become a concern, hence this investigation. This study made use of a secondary form of statistical records covering the period 2000–2018. The result of the data analysis has shown that external debt does not improve consumption cost, but rather aids the rising cost of living in Nigeria. In a nutshell, the study suggests that the government should invest a large chunk of the borrowed funds into agriculture and local manufacturing for sufficient food supply and provision of goods and services at reasonable costs. This study recommends support for infant industries and entrepreneurship to reduce the consumption cost in the country. The study also encourages the government to seek debt rearrangement or outright revocation by the lending institutions and countries
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    The Effect of Financial Development on Economic Growth in Nigeria
    (Academy of Strategic Management Journal, 2022) Omankhanlen, Alexander Ehimare; Samuel-Hope, Chinyere Divine; Ehikioya, Benjamin
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    Investigating The Impact of Managerial Entrenchment on Corporate Financial Structure Evidence from Nigeria
    (Asian Economic and Fiancial Review, 2021) Ehikioya, Benjamin Ighodalo; Omankhanlen, Alexander Ehimare; Omodero, Cordelia Onyinyechi; Mac-Ozigbo, Ada