The study assesses the implication of compliance and enforcement of the NESREA Act, profitability, and Growth on environmental disclosure of cement companies in Nigeria. Secondary data comprising financial and non-financial information were source from annual accounts and reports of the sample companies, spanning a period of five years (2015 – 2019). Panel regression models were considered in assessing the implication of the variables under study. The findings reveal that NDI has a significant P-value which signifies that compliance with NESREA Act increases environmental disclosure by 2.9%. ROA also exerts a significant impact on environmental disclosure. This implies that a 1% increase in the profitability of the sample companies will increase environmental disclosure by 1.4%. Firm Size is also positive and exerts significant impact, by implication, the result suggested that an increase in the total revenue will lead to about 9% increase in environmental disclosure. Hence the study recommends among others that measuring, treatment, disclosure, and reporting of environmental activities need to be standardized and mandated to give a true and fair view of environmental management practices. These will not only protect the environment but will also enhance the firm's competitiveness and subsequently lead to high corporate performance.
This paper examined the link between bad governance and perpetuation of insecurity in Nigeria. Using theoretical arguments, the paper holds that, the current security challenges that bedeviled Nigeria are attributable to injustice, corruption and selfish governance by the leadership class. Since Nigeria's return to democracy in 1999, after a lengthy military rule that lasted for almost three decades, incidences of ethnic, communal, religious and resource conflicts continue to persist across most part of the This is aggravated by the apparent failure of the leadership to address key issues affecting the country such as poverty alleviation, employment generation, resource allocation, infrastructural development etc. Thus, the paper concludes that tackling insecurity in Nigeria is an enormous task, but one which is not impossible. Therefore, Nigerians must unite and the governing class must develop a strong political will and total commitment to fighting insecurity.
This study investigates the effect of IFRS adoption on the performance of oil and gas marketing companies in Nigeria. The study utilise financial statements of a sample of eight (8) oil and gas companies operating in the country. These companies were purposively selected due to availability of data. Firms' performance was proxied by Profit Margin (PM), Return on Assets (ROA) and Return on Equity (ROE) ratios and were considered as dependent variables to be determined by reporting regime (RR) as independent variable. While Current Ratio (CR), quick Test (QT), Total Debt Ratio (TDR) Earnings per Share (EPS) and Equity Debt Ratio (EDR) are use as control variables. The ratios were computed and compared for 4 years (2010 to 2011) before mandatory IFRS adoption and 2012 to 2013 often mandatory adoption OLS, regression with help of eviews 9 was employed for the analysis. The study reveals IFRS adoption has not improved the performance of oil and gas companies in Nigeria. The paper recommended that, oil and gas companies should continue to comply with provisions of IFRS as it will improve their reporting quality which may also improve their performance as result of more investment flow, easy access to capital and comparability.
This study investigates the effect of IFRS adoption on reporting quality in Nigeria. Secondary data were sourced from financial reports of a sample of 79 quoted Nigerian firms, with the help of Nimegen Centre for Economics (NiCE) qualitative reporting index for reporting quality. The study covered a period of 10 years, i.e. 2007 to 2011 as SAS regime and 2012 to 2016 IFRS regime. ANOVA test and descriptive analysis, were utilised for the analysis. The study concludes that, IFRS adoption has made significant positive difference in the extent of reporting quality. It is recommended that Nigerian firms should adopt appropriate measures to improve the level of relevance, comparability and verifiability of their financial reports through provision of more forward looking information, reduction in the use of technical jargons and appointment of more reputable audit firms.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.