Business Administration

The study investigated how the Nigerian government could achieve a sustainable economic growth using the tool
of monetary policy. The study examined how monetary policy rate, money supply, and exchange rate could
influence sustainable economic growth in Nigeria measured by GDP per capita. Secondary data from 1990 till
2022 and sourced from the CBN statistical bulletin was used for the study and was estimated using the Vector
Error Correction Model. Findings revealed that all the independent variables had a short run speed of adjustment
to move into the next period and impact the dependent variable positively and significantly. The study
recommended that the central bank should adopt monetary easing strategies that would make the monetary policy
rate (MPR) become a single digit rate. Double digit MPR constrains bank lending which also constrains economic
growth.

This study was carried out for the purpose of understanding the impact of internal control on firm performance. This
research wanted to prove that internal control played an important role on the performance of ten selected manufacturing
firm in Nigeria. Internal control factors like board size, audit committee size, and board independence were investigated to
see how they impact performance. Secondary data gotten from the ten manufacturing firms’ financial statement were
analyzed using the panel data regression analysis. Although the fixed effect and the random effect regression were carried
out, the Hausman test pointed to the fixed effect regression as significant, hence it was focused on. Findings from the fixed
effect revealed that board size, audit committee size, and board independence were all significant in impacting firm
performance measured by equity returns. The study therefore recommended among others that the Board of directors should
be more diverse in the composition of board members as this would boost their independence.

This study examined the impact of credit risk management on the financial performance of Nigerian
deposit money banks over a 10-year period from 2010 to 2020. Understanding the relationship
between credit risk management and bank performance is crucial for the stability and growth of the
Nigerian banking sector. The Five deposit money banks used were First Bank Plc, Zenith Bank Plc,
Access Bank Plc, Guarantee Trust Bank Plc, with United Bank of Africa (UBA) Plc. Equity returns
measured bank performance while credit risk was explained using non-performing credits, capital
adequacy ratio, plus provision for credit loss. Fixed plus Random panel regression was used to
analyze the panel data and the Hausman test selected the fixed regression for discussion. The
findings revealed that capital adequacy ratio and loan loss provision had a significant positive impact on bank performance, while non-performing loans had a significant negative effect. The
study recommends that banks should strengthen their credit risk management practices, including
effective credit assessment, monitoring, and diversification, to enhance their financial performance
and stability.