Research
Capital Structure and Financial Performance of Commercial Banks in Nigeria
Capital Structure is an important concept in business which have accounted for financial performance of businesses in literature. Thus, this study was conducted to examine the relationship between capital structure and financial performance of commercial banks in Nigeria for the period of (2010 to 2019). Five (5) commercial banks were selected using Judgmental sampling technique. Data were collected from financial statements of selected banks. The data was analyzed using E-View 2010. Unit root test, Granger causality test and panel regression Analysis was conducted in this study. We concluded that, capital structure variables used are good predictor and significant with financial performance of commercial banks in Nigeria. In addition, we concluded that, Debt to Equity Ratio, Total Debts and Total Equity over the period under study, do not contributed to the financial performance (Return on Assets) of commercial banks in Nigeria. Furthermore, Equity to Capital Ratio and Debts to Capital Ratios improves the financial performance(Return on Assets) of commercial banks over the years. We therefore, recommended that, the bank managers should ensure that, capitals are spent on productive assets in other to improve financial performance of the banks, among others.
Tax Revenue and Nigerian Economy: Examining the Position of Taxation in the Fourth Republic Economy (1999-2018)
Taxation being the primary source of revenues to government is an important economic tool in attaining economic growth and sustainability. Thus, this research examines the position of taxation in Nigeria fourth republic economy. The study adopted a descriptive and historical research design; secondary data for nineteen years (1999 - 2018) were collected from various issues of the Central Bank of Nigeria (CBN) statistical bulletin and annual reports. Tax revenue as an independent variable was measured with Direct taxes and indirect taxes and Nigerian economy measured using Real Gross Domestic Product.
Analysis of Profitability Performance of Dangote Sugar Refineries PLC: During and after Recent Economic Recession in Nigeria (2013-2018)
Private sectors have contributed immensely to the development of Nigerian economy without a doubt. However, the Nigerian economy is volatile over the period years till date, which causes it to plug into recession in 2016. Many questions have been raised on the performances of business in the economy especially during economic recession and when economy is sound. Moreover, the investors needs more decision making tools to assist them on decisions to invest in Nigeria. Against this bankrupt, this research aimed to analysis the profitability performance of Dangote Sugar Refineries plc during and after recent economic recession in Nigeria (2013- 2018). This research make use of simple profitability ratios: Net Profit Margin, Return on Assets (ROA), Returns on Equity (ROE) ratios, and trend analysis was also used to analyze and estabilshed trends in the profitability performance of Dangote Sugar Refineries plc during and after recent economic recession in Nigeria for the periods under review. The research revealed that, the Dangote Sugar Refineries plc performs better after economic recession than when the economy is recessed, as the Net Profit Margin, Return on Assets (ROA), Returns on Equity (ROE) ratios improved after 2016, during recession. It was recommended that, the investors should invest in businesses when economy is sound. We also recommended to the management to ensures that the operating expenses of the business should not increases with same proportion to increases in sales, and increases in equity should be invested on assets that will increases production and productivity, thus, increases revenue and improves profitability performances.
