Taofeek Sola Afolabi

Redeemer's University · Department of Finance

Purpose: This paper demonstrates quantitative evidence for estimating the optimal contribution of life table and health insurance towards sustainable industrialization and innovation in Nigeria. In achieving the objectives, the study developed a period life table and derives the values for age distribution. The Malthus theory was tested for support...

The COVID-19 pandemic affected all sectors of the economy, including small and medium enterprises (SMEs). However, it has been observed that while some SMEs succumb to the pandemic, others thrive. Therefore, the study investigates the influence of market orientation and entrepreneurial orientation as well as their dimensions on the performance of S...

Despite the increased availability and accessibility of the internet, many bank clients continue to queue in the bank. This enigma necessitates research on customers’ perceptions of the quality of internet banking services in relation to customer satisfaction. The study examined the relationship using the process and outcome theory of service quali...

This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 to 2018. Specifically, the study seeks to analyze the effect of domestic debt (proxy by Federal Government Bonds- FGB) and external debt (proxy by International Monetary Fund Loan-IMFL) on Nigerian’s Gross Domestic Product (GDP...

This study assessed the effectiveness of economic policies (monetary and fiscal policies) in fighting Nigeria's Inflation. Secondary data obtained over thirty-eight years (1981-2018) from the Central Bank of Nigeria (CBN)'s statistical bulletins were used. The econometric test was carried out on the data, which included the ADF-Fisher unit root tes...

Developing economies like Nigeria need a vibrant microfinance industry to fast-track and sustain their economic growth. However, lending activities in this sub-sector require effective strategies to reduce the risk of loan default. This study examined the nexus between credit management strategies and the loan performance amongst microfinance banks...

The world of digitalisation is impacting on all aspects of socioeconomic life. This notable change also applies to the financial sector of the global economy. The activities and services of financial technology (FINTECH) overlap with that of traditional banking services. The study seeks to investigate the impact of FINTECH evolution on traditional...

The study empirically investigated the effect of the Coronavirus (COVID-19) outbreak on the performance and effectiveness of the Nigerian money market, capital market, and foreign exchange market. The study used time-series data for 120 working days after the first COVID-19 confirmed case in Nigeria and used both exploratory and multiple regression...

This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 to 2018. Specifically, the study seeks to analyze the effect of domestic debt (proxy by Federal Government Bonds-FGB) and external debt (proxy by International Monetary Fund Loan-IMFL) on Nigerian’s Gross Domestic Product (GDP)...

Non-performing loan is a major credit risk facing microfinance banks due to their primary role in lending activities. The risk is often associated with more provisions for loan-loss in order to mitigate its effect. This study examined the effect of these credit risk variables (non-performing loans and loan-loss provisions) on the financial performa...

Microfinance banks hold the key to economic growth in developing economies and their financial health is crucial to achieving this role. One of the factors associated with the financial health of banks is credit risk. Therefore, this studye xamined the effect of credit risk on the financial performance of microfinance banks in Nigeria. Published fi...

This study seeks to evaluate the impact of liquidity management on the performance of Deposit Money Banks (DMBs) in Nigeria. Secondary data from the financial reports of fifteen listed DMBs in Nigeria covering a ten years period (2009-2018) were used as panel data for the study. The data was subjected to Jacque-bera test of normality as normality i...

Small and Medium Enterprises (SMEs) in both developing and developed economies play crucial roles in economic development through wealth creation, employment opportunities and poverty alleviation. However, the uncertainties surrounding businesses require SMEs to effectively manage their risk exposures. This study examined the influence of risk mana...

This paper examined the impact short and long term management accounting information system (STmais and LTmais) on effective business decisions of quoted Fast moving consumers’ goods manufacturing firms in Nigeria. A descriptive survey research design was used. The population comprises of 28 quoted companies and source list consists of 8 companies...

Determinants of capital adequacy ratio (CAR) in the Nigeria banking subsector was carried out using a panel data of 2010 to 2016 from selected commercial banks in Nigeria. A panel data model was specify to show the relationship between Capital Adequacy Ratio and some variables likely to be the determinants of CAR. Thus, this study examines the rela...

The determinants of foreign exchange rate was carried out using time series data from 1986 to 2016.This analysis attempted to find out the casual relationship between external reserves and foreign exchange rate in the Nigerian context by looking at the impact of foreign exchange rate on external reserves from 1986 to 2016 and after the financial cr...

ABSTRACT This study examined the factors influencing Ponzi scheme participation in Nigeria. A multi-stage sampling procedure was used to select 384 participants for the study. Descriptive statistic and One-Way ANOVA was employed to analyze the data. The result of the analysis revealed that friends’ recommendation, expected benefits, current economi...

ABSTRACT Profitability determines an insurance company’s ability to make claims payments as at when due. The objective of this study is to examine the effect of claims payments on the profitability of insurance companies in Nigeria. Secondary data were generated from the financial statements of the two selected insurance companies, covering the per...

This paper examined the impact short and long term management accounting information system (STmais and LTmais) on effective business decisions of quoted Fast moving consumers' goods manufacturing firms in Nigeria. A descriptive survey research design was used. The population comprises of 28 quoted companies and source list consists of 8 companies...

Nigeria unrealistic budget practice due to fiscal indiscipline among others gave rise to the enactment of fiscal responsibility act in 2007 as a means of resolving the problem. This study evaluated the relationship between fiscal responsibility act, 2007 and government financial management practice in Nigeria. A descriptive cross sectional survey r...

The study examined the impact of corporate financial disclosure on the performance of Nigerian Deposit Money banks. It evaluated the extent to which Nigerian Deposit Money banks complied with the financial disclosure requirements as given by the monetary authorities. Primary data collected through questionnaire were used for the study. Out of 120 c...

This paper investigates the impact of globalization on economic development in a developing country from 1982 to 2016using vector auto-regression method. The objective of the study is to investigate the impact of human capital development on globalization in a developing nation. Through this research, we explore some variables proxy for globalizati...

The study tried to examine the effect of environmental forces on foreign exchange market in Nigeria. The PEST- Political variables such as change in government (CIG) and democratic rule (DMR); Economical variables such as interest rate spread (IRS) and inflation in consumer prices (ICP); Social variable like population growth (PGR); and Technologic...

This study attempts to investigate health challenge as a factor influencing health insurance purchase in private sector organizations, with special reference to Nigerian Bottling Company Plc as the case study. The study makes use of primary data that was sourced through a well-structured questionnaire. A total of one hundred (100) questionnaires we...

This article shows the importance of Human Resources Development as it relates to the growth of the insurance industry in Nigeria. Primary data were collected through the use of a structural questionnaire from workers in insurance companies in Nigeria. Our analysis reveals that Human Resources Development has not been made a priority amongst insura...

This study deals with budgetary control as an effective tool for cost control in manufacturing Companies in Nigeria. The study examined the impact of budgetary control on cost control, profitability of manufacturing companies, the reasons for deviations and how these variances are reported as a means of control in budgeting and also examined whethe...

Unstable interest rates due to unstable government policies, inflations or actions of the apex bank has contributed to the inability of insurance companies in Nigeria to meet their obligations, in forms of benefits, claims or assurances as at when due, as accounted for by THE low development in the sector. By adopting Tzeng, Wang and Soo’s linear p...