FACULTY OF MANAGEMENT SCIENCES

The study empirically examined change management and performance within the Nigerian Maritime Administration and Safety Agency. To guide the study, three research questions were raised, and three hypothesis was generated. A survey research design which entails the use of structured questionnaire in sampling the opinion of the respondents on the subject was adopted in gathering data three. The Taro Yamane (1976)sample determination formula was used to determine the sample size from the population,and after due computation, a sample of 280 respondents was arrived at. A total of 280 questionnaires were distributed. The data collected were analyzed using descriptive statistics, simple frequency count, percentages, and mean. Findings obtained from the analysis among other things, showed emotional readiness plays a crucial role in enhancing employee performance within the organization. It was concluded that successful change management in Nigerian Maritime Administration and Safety Agency depends largely on the extent to which employees are emotionally,cognitively, and intentionally prepared to engage with and sustain transformation processes, making readiness a critical determinant of organizational performance and long-term success Based on the findings, the study suggested that the Nigerian Maritime Administration and Safety Agency (NIMASA) should introduce regular emotional intelligence and stress management workshops to help employees develop resilience and adaptability during organisational change processes.

This study investigates the impact ofdigital banking channels specifically Point ofSale (POS),Mobile Banking, Automated Teller Machines (ATM), andInternet Banking onfinancial inclusion in Nigeria over the period 2009 to 2024. Employing the Robust Least Squares (RLS) estimation technique, the analysis addresses issues of serial correlation and model misspecification to provide reliable estimates of the relationship between digital banking tools and the level of financial inclusion. The findings reveal that POS transactions significantly promote financial inclusion, while mobile banking exhibits a positive but statistically weak influence. In contrast,ATM usage has a significant negative effect, and internet banking shows no meaningful contribution to inclusion outcomes. These results suggest that while digital banking is a potent enabler offinancial inclusion, its impact is not uniform across platforms. It is therefore recommended that policymakers prioritize investment in scalable, low-cost digital banking channels like POS and mobile banking, while simultaneously addressing infrastructural, trust,and literacy barriers that hinder the effectiveness ofinternet and ATM-basedfinancial services in reaching underservedpopulations

This study examined the relationship between work-life balance and psychological well- being among university lecturers in Benin City, with a particular focus on the University of Benin. The study specifically explored how work interference with personal life, personal life interference with work, and work/personal life enhancement influence lecturers’ psychological well-being. A descriptive survey design was adopted, and data were collected from 100 lecturers using a structured questionnaire. The reliability of the instrument was established through a pilot test, while the data collected were analyzed using descriptive statistics, correlation, and multiple regression techniques at a 0.05 level of significance. The findings revealed that lecturers generally experience a moderate to high level of psychological well-being (M = 4.00, SD = 0.55), with purpose in life and self-acceptance emerging as the most dominant dimensions. Among the components of work-life balance, work/personal life enhancement recorded the highest mean score (M = 4.28, SD = 0.59), indicating that many lecturers derive fulfillment and personal growth from their work. Conversely, work interference with personal life showed a significant negative relationship with psychological well-being (β = –0.269, p = 0.028), suggesting that excessive work demands adversely affect lecturers’ mental health. The regression analysis showed that the three dimensions of work-life balance jointly accounted for 25.5% of the variance in psychological well-being (R² = 0.255, p < 0.05), with work/personal life enhancement exerting the strongest positive influence (β = 0.333, p = 0.001). The study concludes that lecturers’ psychological well-being is largely shaped by the degree of harmony between their professional and personal lives. It recommends that university management adopt policies that promote flexible work schedules, equitable workload distribution, and psychosocial support systems to help lecturers maintain a healthy balance between work and life.

This study examined the influence of audit characteristics on the financial reporting quality ofdeposit money banks listed on the Nigerian Exchange. The main objective was to assess theeffects of audit firm tenure, audit firm size, and non-audit services on the credibility andransparency of financial reports. The study adopted an ex-post facto research design and utilizedecondary data collected from annual reports of twelve listed banks covering the period 2016 to2023. The data were analysed using panel regression analysis with robust standard errors toaccount for heteroskedasticity. The study finds that audit firm tenure has no significant impact on financial reporting quality, ndicating that the duration of auditor-client relationships does not independently determineeporting outcomes in the Nigerian banking sector. However, audit firm size showed aignificant positive relationship with financial reporting quality, suggesting that larger auditfirms contribute to higher transparency and reliability due to their extensive expertise andtronger regulatory oversight. Additionally, non-audit services exhibited a significant positiveeffect on financial reporting quality, implying that when properly managed, these services canenhance auditors’ operational understanding and improve audit effectiveness rather thancompromise independence. The study concludes that audit firm size and non-audit services are critical determinants offinancial reporting quality among Nigerian deposit money banks, while audit firm tenure plays aimited role. The study recommends that regulators encourage the use of reputable large auditfirms and implement guidelines to manage non-audit services effectively to strengthen overallaudit quality and financial transparency in the sector

The relationship between firm attributes and sustainability reporting has become a critical area of study as organizations increasingly face pressure to demonstrate their commitment to environmental, social, and governance (ESG) principles. This research explores how various firm attributes, including size, industry type, financial performance, corporate governance structure, and stakeholder orientation, influence the extent and quality of sustainability reporting. The study examines how larger firms with greater resources are more likely to engage in comprehensive sustainability reporting, while also considering the role of regulatory frameworks and external pressures from consumers, investors, and advocacy groups. Additionally, it investigates how the transparency and credibility of sustainability reports are shaped by internal governance mechanisms and organizational culture. By understanding the interplay between these attributes, the study provides insights into how firms can leverage sustainability reporting not only as a tool for accountability but also as a strategic asset for long-term value creation and competitive advantage.

Insurance companies in Nigerian have undergone reform in 2004 in order to enhance their Performance and to make them stronger players nationally and internationally. Besides, in 2014 available statistics revealed that the performance of insurance companies in Nigeria Still remains below average. The statistics further indicated that the companies contribute Only 0.3% of overall GDP in 2014 in terms of the value of gross premiums written which Was very minimal if compared to 16% of South African insurance contribution to GDP. This among others provides a cause for assessing the total premium and determinants of insurance Companies’ performance in Nigeria. This study evaluated empirical review on concept of insurance, its business in Nigeria and also the financial performance in Nigeria. This study is descriptive in nature and used secondary sources of data collection. The secondary data for this study Were obtained from the CBN statistical bulletin of 2018, also including variables like TASSETS, TPREMIUM, NDGP and CLAMIS using E-views 7.0 software to fit ordinary least squares to evaluate the relationship between the total premium and the performance of insurance industry in Nigeria. The study improves the understanding of total premium and the performance of insurance industry in Nigeria. This study recommended that there is a need to build a stable and vibrant environment to foster the improvement of insurance industry in Nigeria.

This study examines the impact of key macroeconomic variables interest rate, inflation rate, and exchange rate on Nigeria’s economic development over the period 2015 to 2024. The research is driven by the persistent macroeconomic instability Nigeria has faced since the Structural Adjustment Programme (SAP) era, which has contributed to fluctuating development outcomes. While several studies have explored macroeconomic factors and economic growth, limited empirical evidence directly links these variables to economic development using recent data. This study addresses this gap by analysing how macroeconomic volatility influences Nigeria’s development performance. An ex-post facto research design was adopted, using secondary annual data obtained from the Central Bank of Nigeria, National Bureau of Statistics, and World Bank. GDP growth rate was used as a proxy for economic development, while inflation, interest rate, and exchange rate served as the explanatory variables. The data were analysed using descriptive statistics, correlation analysis, and Ordinary Least Squares (OLS) regression, supported by diagnostic tests to ensure model robustness. Findings reveal that both inflation and interest rates have significant negative effects on economic development, suggesting that rising price levels and borrowing costs hinder productive investment and economic performance. Conversely, exchange rate movements exert a significant positive influence, indicating that currency dynamics play a key role in shaping development outcomes. The model demonstrates strong explanatory power and reliability. The study concludes that Nigeria’s economic development is highly sensitive to macroeconomic volatility and emphasizes the need for stronger policy coordination, institutional reforms, financial-market strengthening, and economic diversification to support sustainable developmen

THIS study investigates the relationship between corporate governance mechanisms and employee retention in health care firms listed on the Nigerian Exchange Group from 2014 to 2023. This study specifically examines how four key governance proxies board size, board independence, board gender diversity, and board of directors' share ownership affects employees’ retention. The objectives of the study were to; examine the relationship between board size and employee retention in the selected health care institutions in Nigeria; ascertain what extent board independence impact employee retention in the selected health care institutions in Nigeria; examine how board diversity influences employee retention in the selected health care institution in Nigeria and; examine the extent ownership structure affect employee retention in the selected health care institutions in Nigeria. This study adopts ex-post facto and descriptive research design, utilizing secondary data collected from annual financial reports of the sampled health care firms. The sample consists of five listed health care firms, selected based on their consistent submission of annual reports during the study period. This study employs random-effects robust regression analysis technique to test the hypothesized relationships between the governance variables and employee retention. The regression results reveal that board size has a significant positive effect on employee retention, indicating that larger boards are associated with better employee retention outcomes. Conversely, board gender diversity shows a significant negative effect, suggesting that increasing the representation of female directors, without meaningful integration into decision- making processes, might negatively impact employee retention. On the other hand, both board independence and board ownership demonstrate statistically insignificant relationships with employee retention, implying that these governance variables do not play a significant role in influencing employee retention within the health care sector. Thus, this study carefully recommends that stakeholders in the Nigerian health care industry should strategically increase board size to ensure a more diverse range of expertise and perspectives, as this has a positive impact on employee retention. It also suggests that efforts to enhance board gender diversity should go beyond mere representation by promoting the meaningful integration of female directors into decision-making roles. Further, given the statistically insignificant effect of board independence and board ownership on employee retention, the study advises stakeholders to focus on other governance factors that might more effectively influence retention, rather than emphasizing changes in these areas.

This study examined determinants of foreign portfolio investment in Nigeria. There is need for the present reforms going on in the Nigeria capital market to be sustained especially in the area of investor’s portfolio, infrastructural development and accounting disclosure requirements. In the light of this a number of questions arose as to whether there is significant relationship between gross domestic product, interest rate exchange rate, trade openness and foreign portfolio investment. Therefore, the research design adopted for this work is the ex post facto research design. The population of this study consists of Nigeria macroeconomics and capital market system as represented by net foreign portfolio investment, Gross Domestic Product, exchange, interest rate and trade openness from 1994-2024. The findings revealed that foreign portfolio investments (FPI) and gross domestic product (GDP) is positive and but not statistically significant. The relationship between foreign portfolio investment and foreign exchange rate is positive but not statistically significant. However, the relationship between interest rate (INTR) and foreign portfolio investments (FPI) is positive and statistically significant. Expectedly high interest rate in a domestic economy serves as a major attraction to foreign investors to invest in the local economy. The study recommended among others that monetary policy should promote stable domestic interest as a priority objective to attract foreign portfolio investment.

The study examines the influence of the digital economy on the effectiveness of tax administration in Nigeria. Despite the rapid growth of Nigeria’s digital sector—valued at over ₦150trillion in transactions by 2020—the nation’s tax-to-GDP ratio remains one of the lowest in Africa, at about 6%. This paradox underscores inefficiencies in traditional tax administration and highlights the need for digital transformation. The research employed a survey design, drawing data from 100 respondents comprising staff of the Federal Inland Revenue Service (FIRS), State Internal Revenue Services (SIRS), registered taxpayers, and tax consultants. Primary data were collected through a structured questionnaire validated by experts, with reliability confirmed via Cronbach’s Alpha (0.78). Descriptive statistics, Chi square tests, and multiple regression analysis were used for data analysis. Findings revealed that the digital economy significantly enhances tax administration effectiveness by improving transparency, expanding the tax base, and reducing opportunities for corruption and leakages. Technology infrastructure was found to play a vital role, though challenges such as poor internet connectivity and weak system integration persist. Furthermore, a strong positive relationship was established between digital economy adoption and tax revenue performance, indicating that greater digital inclusion promotes sustainable revenue mobilization. The study concludes that while Nigeria has made progress through digital tax reforms, infrastructural and awareness gaps still hinder full optimization. It recommends increased investment in ICT infrastructure, improved taxpayer sensitization, and stronger institutional capacity to leverage digital tools for efficient and transparent tax administration