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Effect of Exchange Rate on Goods and Services in Nigeria Adurayemi Adu, Cecilia; Uchehara, Chris Chigo; Williams, Adekunle Christopher
International Journal of Business and Applied Economics Vol. 3 No. 3 (2024): May 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijbae.v3i3.9553

Abstract

The study examined the effect of exchange rate on goods and services in Nigeria with the objectives to analyze the effect of exchange rate fluctuations  on prices of domestic goods and to investigate the extent to which exchange rate change has affected the prices of imported goods and services.   The primary data were collected through the administration of questionnaire to the respondents. It was found out that the exchange rate has a significant effect on the prices of domestic goods and services as the coefficient of the independent variable is positive showing 0.628; it was established that the exchange rate has an effect on the prices of imported goods and services, as the coefficient of the independent variable is positive (0.428) and the sig value is less than 0.01. It was recommended that the government should fund all the micro, small, and medium scale enterprises in Nigeria through the Bank of Industry in order to have more exports than imports.
Tax Obligations and Financial Performance of Listed Manufacturing Firms in Nigeria Adu , Cecilia Adurayemi; Oguntuase , Alexander Tunde; Williams, Adekunle Christopher
Indonesian Journal of Banking and Financial Technology Vol. 2 No. 1 (2024): January 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fintech.v2i1.8045

Abstract

The study examined the impact of tax on the financial performance of some listed manufacturing companies in Nigeria. A simple panel and linear regression were used to analyse the data collected through secondary source. It was found out from the results of the regression analysis that probability value of the independent variable as (0.0001) is less than 5% significance level that tax had significant impact on the investment of manufacturing firms likewise tax has significant impact on the profitability of manufacturing firms. It was recommended that the government should ensure they make tax policies that would favour the manufacturing firms and not force them out of businesses which would also affect the economy as a whole.