Special Issue

Volume 1, Issue 1 (August)

Maiden Edition

Articles in this Issue

8 articles
1
Research Article

Intellectual Capital as a Moderator of Financial Determinants and Dividend Policy: Evidence from Nigerian Consumer Goods Firms (2015-2024)

Abdulrazaq Suleiman Ibrahim*, Bala ado Kofar Mata, Aminu Kado Kurfi

Dividend policy is crucial for African businesses, involving profit sharing and retaining earnings for development. However, sustainability concerns persist, with a decline in 2023 retained earnings. Understanding dividend policy aids firms in decision-making, attracting investors and influencing dividend distribution. This research proposes a framework for the moderating role of intellectual capi...

Aug, 2025 pp. 1-19
2
Research Article

Foreign Portfolio Investments and Stock Market Returns in Nigeria

Isma'il Tijjani Idris*, Gambo Zakari Babale, Yusuf Ibrahim Kofarmata

Stock market returns tend to react differently to foreign portfolio investment (FPI) inflows, particularly in emerging markets where capital flows are often volatile. This study examines the effect of foreign portfolio investment inflows on stock market returns in Nigeria using monthly data from January 2014 to March 2021. The Autoregressive Distributed Lag (ARDL) modelling framework is employed t...

Aug, 2025 pp. 20-23
3
Research Article

Strategic Risk Practices and Stakeholder Engagement: Examining Enterprise Risk Management (ERM) and Co-Creation in Nigerian Microfinance Bank Performance

Shuaib Abdulyakeen*, Idris Ahmed Aliyu, Halimah Sani Sambo, Tijjani Bashir

This study investigates how strategic risk practices through the lens of ERM and stakeholder engagement via co-creation influence the performance of Nigerian microfinance banks. Drawing on systems theory, this study addresses gaps in understanding ERM and co-creation in emerging markets, where MFBs face multiple challenges, including regulatory compliance, credit, performance, and trust-related is...

Aug, 2025 pp. 24-44
4
Research Article

Dividend Policy and Share Price Volatility: A Study of Nigerian Insurance Firms

Kabir Adedeji Ibrahim*

This study investigated the relationship between dividend policy and share price volatility in the Nigerian insurance sector, a domain characterized by significant regulatory changes and market uncertainty. Grounded in signaling and agency cost theories, the study specifically examined the impact of dividend payout ratio and dividend yield on the volatility of listed insurance firms. Utilizing an ...

Aug, 2025 pp. 45-54
5
Research Article

TRUST, FINANCIAL LITERACY AND INTENTION TO ADOPT MICRO PENSION IN NIGERIA: A STUDY OF SELECTED INFORMAL TRADERS IN ZARIA METROPOLIS

Yusuf Abdulrahim Otori*, Ahmed Yabagi Muhammed, Abdulmalik Abubakar Yusuf

The informal sector constitutes a significant portion of Nigeria's workforce, yet its participants remain largely excluded from formal pension systems. To address this gap, the Micro Pension Plan (MPP) was introduced under the Pension Reform Act of 2014, targeting informal workers. Despite its potential, uptake of the scheme remains alarmingly low. This study investigates the influence of financia...

Feb, 2026 pp. 55-65
6
Research Article

Effect of Sectoral Credit Allocation and Interest Rate on Corporate Financial Performance of Listed Manufacturing Firms in Nigeria.

Kabir Adedeji Ibrahim*

The study examined the effect of credit facilities and interest rate on corporate financial performance of listed manufacturing firms in Nigeria. Data for the study were sourced from the annual reports and accounts of the sampled firms for the period of ten years spanning through 2013 to 2022, the collected data were analyzed using Panel regression analysis, result of the analysis showed that cred...

Aug, 2025 pp. 66-79
7
Research Article

Hedging Longevity Risk: The Role of Longevity Bonds and Mortality Derivatives

Halimah Sani Sambo*, MUHAMMED Ahmed Yabagi, Abdulmalik Abubakar Yusuf, Yusuf Abdulrahim Otori

This study explores the potential of longevity bonds and mortality derivatives in hedging longevity risk within Nigeria's pension and insurance sectors. As life expectancy in Nigeria gradually increases, the financial risk of extended longevity poses a significant challenge to pension schemes and insurers, potentially undermining their long-term solvency. The study employs time series econometric ...

Feb, 2026 pp. 80-90
8
Research Article

Impact Of Pension Funds Investment on the Economic Growth of Nigeria

Abdulmalik Abubakar Yusuf*, Halima Shuaibu, Halimah Sani Sambo, MUHAMMED Ahmed Yabagi

The fundamental objective of the study is to examine the impact of Pension Funds Administrators' investment on the economic growth of Nigeria. The independent variable was proxied by investments in the Local capital market, Local money market and real estate, whereas the dependent variable, economic growth, was represented by GDP. The time series data used for the research were collected from the ...

Aug, 2025 pp. 91-101
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