researcher utilized an ex-post facto research design, considering the time series nature of the data. The study population comprised all listed companies within Nigeria’s conglomerate as of December 31, 2022, totaling six companies on the Nigerian Exchange. Subsequently, five companies were selected as the sample size using purposive sampling technique. Data were obtained from the audited financial statements of the sampled firms and analyzed using regression analysis. Findings revealed that dividend payment positively and significantly influences firm’s value, while the influence of investment is insignificant. However, there is no evidence of any influence of investment moderating the relationship between dividend and firm’s value among the studied firms. It is on this basis, that the study concludes that dividend payments among the sampled firms will positively influence firms’ value to a greater extent. It is also concluded that investment will possibly influence firms’ value, although the influence may not be much. Meanwhile, the study concludes that interaction of dividend payment and investment may not in any way significantly affect firms’ value. The study recommends that firms in the studied sector should invest more in capital projects that will increase their profit generating capacity which is capable of leading to increased firm’s value in the future.

Keywords: Dividend, Investment, Firm’s Value

Non-financial measures gained relevance in the past few decades in the assessment of organizational performance metrics comparing past data and how to better future decisions by identification and improvement of internal operations to help achievement of external outcomes. Evaluating the components of Balanced Scorecard (BSC) effect on financial performance of quoted consumer goods companies in Nigeria was the focus of the research. Content analysis was adapted to mine data from published annual reports for various years relevant to the variable of the study. Data collected were analysis using descriptive and inferential statistics. Results revealed Balance Scorecard perspectives were all statistically significant and positive (R2=o-7279, Adj. R2= O-71343, F= Ratio = 24.172, p-values <0.05) impacting financial performances of quoted consumer goods companies in Nigeria within the period of the investigation. It was concluded that non-financial measures are potent influencers of financial performance and recommended that regular review of all the perspectives be a part of strategic and tactical polices of companies given the dynamic business environment in which they operate to ensure operational sustainability.

Keywords: Balanced Scorecard, financial performances, Dynamic Business environment.

Despite extensive literature examining the role foreign debt plays in the growth of the Nigerian economy, seldom do they simultaneously consider the effect of external debt servicing and sustainability. Accordingly, this study examined the impact of external debt servicing and sustainability on the economic growth of Nigeria for the period between 1980 and 2022. The auto-regressive distributed lag (ARDL) model was adopted to measure the effect of the explanatory variables on the dependent variable. Empirically, the study demonstrated that the impact of debt sustainability was insufficient on the economy; notwithstanding being positive in the long run. However, the effects of external debt servicing and foreign debt interest payment were significant and negative on the economy in the short and long run periods. Thus, showing that resources being used to service the debt of the nation, crowd-out funds that could have been used to spur growth of the economy. Conversely, exchange rate significantly and positively impacted the economy, indicating that an improvement in the value of the Naira, will be indicative of an improvement in the economy. Hence, the study recommends amongst others that effective external debt management strategies such as the debt for equity swap programme should be adopted by fiscal authorities in the country.

Keywords: Foreign debt; Debt servicing; Debt sustainability; Economic growth; Nigeria.

The study was conducted to analyse the effect of green taxation on the financial performance of selected oil and gas firms in Nigeria. It specifically examined the effects of industrial pollution tax, carbon emission tax and petroleum profit tax on return on capital of the selected oil and gas firms in Nigeria. Five (5) companies were selected in the study. The ex post factor research design was adopted and secondary data covering the period between 2010-2023 were sourced from the audited annual financial statements of the selected firms and Federal Inland Revenue Services (IFRS) annual reports. The data formed a pool of fifty (50) observations and were analysed using the Panel Least Square (PLS) multiple linear regression technique. The results demonstrated that carbon emission tax (with the coefficient of 421.2105 and p-value 0.0022), industrial pollution tax (with the coefficient of 2.018446 and p-value 0.0000) and petroleum profit tax (with the coefficient of 80.40683 and p-value 0.0056) all had positive and significant effects on return on capital of the selected oil and gas firms in Nigeria. It was concluded that that green taxation components have significant positive effect on the financial performance of selected oil and gas firms in Nigeria. Based on the findings, it was recommended among others that oil and gas firms should incorporate Green tax practices as a significant component of their management process, this is because it helps to innovate on production and improve the financial performance of the firms.

Keyword: Financial Performance, Industrial Pollution Tax, Carbon Emission Tax, Petroleum Profit Tax, Return on Capital.

This study investigated the effect of foreign capital flows on economic performance in Nigeria. The objective of the study was to examine the effect of foreign capital inflows, foreign capital outflows and net flows on the manufacturing output in Nigeria. Explanatory research design was adopted, and data was collected quantitatively from Central Bank of Nigeria (CBN) Statistical Bulletin of 2021. The data collected was analysed using multiple regression technique and granger causality method. From the result it was established that foreign capital inflow and foreign capital outflow has positive effect on manufacturing output in Nigeria , while net flows have negative effect on the manufacturing output in Nigeria. Also, it was found that uni-directional causality relationship exists between foreign capital inflows and manufacturing output, and in the case of foreign capital outflows, it is a bi-directional causality. It was concluded that foreign capital flows has a positive and causality effect on economic performance in Nigeria. Based on this, recommendations made include that government should sustain their efforts are promote Nigeria on the international stage in order to facilitate the inflows of foreign capital, and that there id need for government to continue to ensure that the Nigerian economy enjoys more foreign capital inflows than outflows to enhance economic performance in Nigeria.

Keywords: Foreign Capital Inflow, Foreign Capital Outflows, Net flows, Gross Domestic Product.