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All Journal International Journal of Financial, Accounting, and Management Annals of Management and Organization Research Journal of Social, Humanity, and Education
Olayinka, Aminu Abdulrahim
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Journal : Annals of Management and Organization Research

 1 
Effect of Naira/Us Dollar exchange rate volatility on the performance of the stocks market in Nigeria Shettima, Mustapha; Abdussalam, Yusuf; Olayinka, Aminu Abdulrahim
Annals of Management and Organization Research Vol. 4 No. 4 (2023): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i4.1695

Abstract

Purpose: This study investigates the influence of various macroeconomic factors, including the exchange rate, interest rate, inflation rate, and Gross Domestic Product, on the performance of the Nigerian Stock Exchange NSE 100 index. Utilizing a decade of annual data spanning from 2011 to 2021, this research employs the Augmented Dickey-Fuller test to explore the impact of these macroeconomic variables on stock market performance. Research methodology: Within this context, the time series Autoregressive Distributed Lag (ARDL) model is employed to discern the ramifications of naira/US dollar exchange rate volatility on Nigeria’s stock market performance. Results: Multiple regression analysis results indicate a significant negative effect of the exchange rate on share returns, revealing that a 10% increase in the real exchange rate correlates with a 0.15% decrease in the ASPI. Similarly, the inflation rate is associated with a negative coefficient, suggesting an adverse effect on stock prices. In contrast, interest rates and GDP exhibit positive coefficients, with 5% and 10% impacts on the ASPI, respectively. Limitation: All data used in this study were secondary. However, data from previous years were not readily available. This is the main limitation of this study. Contribution: Ultimately, this study underscores the importance of forecasting the exchange rate as a pivotal determinant of business success, offering recommendations for future endeavors.
Effect of Naira/Us Dollar exchange rate volatility on the performance of the stocks market in Nigeria Shettima, Mustapha; Abdussalam, Yusuf; Olayinka, Aminu Abdulrahim
Annals of Management and Organization Research Vol. 4 No. 4 (2023): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i4.1695

Abstract

Purpose: This study investigates the influence of various macroeconomic factors, including the exchange rate, interest rate, inflation rate, and Gross Domestic Product, on the performance of the Nigerian Stock Exchange NSE 100 index. Utilizing a decade of annual data spanning from 2011 to 2021, this research employs the Augmented Dickey-Fuller test to explore the impact of these macroeconomic variables on stock market performance. Research methodology: Within this context, the time series Autoregressive Distributed Lag (ARDL) model is employed to discern the ramifications of naira/US dollar exchange rate volatility on Nigeria’s stock market performance. Results: Multiple regression analysis results indicate a significant negative effect of the exchange rate on share returns, revealing that a 10% increase in the real exchange rate correlates with a 0.15% decrease in the ASPI. Similarly, the inflation rate is associated with a negative coefficient, suggesting an adverse effect on stock prices. In contrast, interest rates and GDP exhibit positive coefficients, with 5% and 10% impacts on the ASPI, respectively. Limitation: All data used in this study were secondary. However, data from previous years were not readily available. This is the main limitation of this study. Contribution: Ultimately, this study underscores the importance of forecasting the exchange rate as a pivotal determinant of business success, offering recommendations for future endeavors.
Analysing financial performance of listed cement industries in Nigeria: Financial Ratio Approach Olayinka, Aminu Abdulrahim; Mustapha, Shettima
Annals of Management and Organization Research Vol. 3 No. 4 (2022): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v3i4.1394

Abstract

Purpose: The grounds for this study are to reflect a quantitative connection allying the financial statements of different firms at different periods and how the financial performance (FP) of firms can be measured using financial ratios. Research methodology: This research employs descriptive research with a quantitative approach focusing on calculations. Data were analysed through the Financial Ratio Analysis (FRA). Results: The comparative FRA unlocks the overall FP of the three firms. The result refill that, on average, Dangote Cement plc maintain the lead, CCNN/BUA Cement second, while Lafarge Africa plc is the least in all the FP indicator used. Limitations: The analysis is restricted to ten years FSs published by the three giant firms in the cement industries in Nigeria plc between the years 2012 to 2021. Contribution: This analysis expatriates and, in greater detail, the benefits that can be derived from applying FR analysis as a tool for financial performance (FP) measurement. It also helps in determining how the financial performance of firms can be measured through financial ratios.
Assessment of profitability and efficiency analysis of watermelon (Citrullus lanatus) value chain in Yobe State, Nigeria Olayinka, Aminu Abdulrahim; Lawan, Saadu
Annals of Management and Organization Research Vol. 4 No. 3 (2023): February
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i3.1671

Abstract

Purpose: An imperative step in enhancing investment returns for watermelon producers and marketers is to comprehensively analyze the watermelon value chain. This evaluation was recently conducted in Yobe State, Nigeria, during the period spanning from July to August 2023. Research methodology: The data acquisition process involved the administration of a questionnaire that facilitated the gathering of information from 540 participants across various roles within the value chain, encompassing producers, wholesalers, and retailers operating within the study's geographic scope. Results: The findings of this investigation illuminate the prevalent utilization of urban marketing channels by watermelon marketers, and it is noteworthy that approximately half of these marketers engage in their marketing endeavors within urban markets such as Kano, Kaduna, and Abuja. Notably, the study underscores the substantial impact of transportation costs on both the pricing and net marketing returns associated with watermelons. A significant proportion of these marketers were motivated primarily by the pursuit of sustainable livelihoods, while the allure of profitability drove others. However, a critical challenge encountered in the watermelon marketing domain pertains to the accessibility of credit facilities, which affects nearly 90% of the stakeholders involved in the value chain. Additionally, other constraints exerted relatively minor effects on marketers' activities and outcomes. Limitations: This study was limited to data from 460 participants involved in various stages of the watermelon value chain in the study area from July to August 2023. Contribution: This study can aid different actors in the watermelon value chain when making investment decisions.
Effect of Naira/Us Dollar exchange rate volatility on the performance of the stocks market in Nigeria Shettima, Mustapha; Abdussalam, Yusuf; Olayinka, Aminu Abdulrahim
Annals of Management and Organization Research Vol. 4 No. 4 (2023): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i4.1695

Abstract

Purpose: This study investigates the influence of various macroeconomic factors, including the exchange rate, interest rate, inflation rate, and Gross Domestic Product, on the performance of the Nigerian Stock Exchange NSE 100 index. Utilizing a decade of annual data spanning from 2011 to 2021, this research employs the Augmented Dickey-Fuller test to explore the impact of these macroeconomic variables on stock market performance. Research methodology: Within this context, the time series Autoregressive Distributed Lag (ARDL) model is employed to discern the ramifications of naira/US dollar exchange rate volatility on Nigeria’s stock market performance. Results: Multiple regression analysis results indicate a significant negative effect of the exchange rate on share returns, revealing that a 10% increase in the real exchange rate correlates with a 0.15% decrease in the ASPI. Similarly, the inflation rate is associated with a negative coefficient, suggesting an adverse effect on stock prices. In contrast, interest rates and GDP exhibit positive coefficients, with 5% and 10% impacts on the ASPI, respectively. Limitation: All data used in this study were secondary. However, data from previous years were not readily available. This is the main limitation of this study. Contribution: Ultimately, this study underscores the importance of forecasting the exchange rate as a pivotal determinant of business success, offering recommendations for future endeavors.
Co-Authors Abdussalam, Yusuf Adamu, Ibrahim Ghide Kaka, Emmanuel John Lawan, Saadu Mustapha, Shettima Shettima, Mustapha Usman, Mohammed