Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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This Author published in this journals
All Journal International Journal of Multidisciplinary Reseach
Cecilia Adurayemi, Adu,
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Computer Science & IT Economics, Econometrics & Finance Education Engineering Social Sciences

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DEBT FINANCING AND PROFITABILITY OF MANUFACTURING FIRMS IN NIGERIA Cecilia Adurayemi, Adu,; Matthew Idowu, Abimboye,
International Journal of Multidisciplinary Reseach Vol. 2 No. 1 (2026): February
Publisher : International Journal of Multidisciplinary Reseach

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Abstract

The paper examined the effect of debt financing on the profitability of manufacturing firms in Nigeria while the specific objective assessed the relationship between debt-equity ratio and the return on equity of manufacturing firms in Nigeria. Data were obtained from five manufacturing firms listed on the Nigerian Exchange Group from 2004 to 2023. Regression analysis using E-view was adopted in this procedure to carry out the analysis. It was found out that ROE and debt to EBITDA ratio have non-significant Jarque-Bera statistics, with p-values of 0.190 and 0.690 respectively, suggesting that these variables may be considered approximately normally distributed. It was recommended that firms should focus on improving their interest coverage and earnings capacity, as these were positively related to financial performance and can improve a firm's creditworthiness and financial flexibility.
FOREIGN EXCHANGE MANAGEMENT AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA Adekunle Christopher, Williams,; Cecilia Adurayemi, Adu,
International Journal of Multidisciplinary Reseach Vol. 2 No. 1 (2026): February
Publisher : International Journal of Multidisciplinary Reseach

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Abstract

This study investigated the effect of foreign exchange management on the profitability of Deposit Money Banks (DMBs) in Nigeria by obtaining data from five banks between 2020-2024.Regression analytical method was adopted for this study. It was found out that foreign reserves significantly and positively affected return on asset. The study concluded that foreign exchange management profoundly influenced bank profitability in Nigeria. It was recommended that there should be forex risk management and foreign reserves for strategic planning, and investing in exchange rate forecasting tools for DMBs.
Co-Authors Adekunle Christopher, Williams, Matthew Idowu, Abimboye,