VALUE RELEVANCE OF ACCOUNTING INFORMATION IN THE NIGERIAN BANKING SECTOR

The purpose of this study is to examine the relationship between the value relevanceofaccounting information and listed banks in Nigeria. Specifically, the study examined the effect ofearnings per share, dividend per share, book value per share, and return on equity, onshareprices of banks in Nigeria. Data was extracted from a sample consisting of ten(10) banks quoted on the Nigerianstockexchange between the years 2018-2022. Ordinary Least Square regression model was employedin estimating the data and testing the formulated hypothesis before interpretation of results. The findings revealed that value relevance of accounting information was positively relatedtoshare price but the relationship was found to be insignificant. The study also revealedthat
earnings per share and book value per share are not significant to share prices of Nigerianbanks. The findings also revealed that there is a significant and positive relationship between returnonequity and share price of banks in Nigeria while dividend per share was found to be negativelysignificant to share prices.