All Articles

Bridging dreams and resources: Cultivating entrepreneurial mindsets through social capital in Nigerian higher institutions

A. O. Agbeche, M. Iyamabhor, R. O. Akpubi, N. B. Okwechime, T. F. Ejumudo

This study investigates the role of social capital — specifically civic engagement and trust level — in cultivating entrepreneurial mindsets, proxied by risk-taking and innovativeness, among students in Nigerian higher institutions. With entrepreneurship increasingly recognized as a catalyst for national development, understanding the social conditions that foster entrepreneurial dispositions is vital. A sample of 150 students was selected using simple random sampling from various faculties across selected Nigerian universities. The study employed the Pearson Product Moment Correlation Coefficient to assess the relationship between elements of social capital and entrepreneurial mindset traits. Findings revealed a significant positive correlation between civic engagement and risk-taking, as well as between trust level and innovativeness. These results suggest that students who actively participate in civic activities and exhibit higher levels of interpersonal trust are more likely to demonstrate entrepreneurial tendencies such as risk-taking and innovation.

Impact of risk management strategies on prevention of fraud in Nigerian listed insurance firms

S. A. Almustapha, M. I. Fodio, S. Sabo

This study investigates the impact of risk management strategies on fraud prevention in Nigerian listed insurance firms. Specifically, it examines the effects of internal control mechanisms, biometric and AI-based solutions, forensic accounting techniques, and data mining tools. The population comprises 160 employees of 16 listed insurance companies as at December 2024. Primary data were collected from a sample of 70 respondents who are employees and managers of insurance companies. The data were analyzed using multiple regression. The findings reveal that internal control mechanisms and data mining tools significantly enhance fraud prevention, while forensic accounting techniques show a positive but statistically insignificant effect. Biometric and AI-based solutions, though excluded from the regression model due to multicollinearity, exhibited strong positive correlations with fraud prevention. The study is underpinned by the Fraud Triangle Theory, Enterprise Risk Management Theory, and the Technology Acceptance Model.

Crude oil price gyrations, macroeconomic aggregates, and the stock exchange performance of Nigeria: A directional approach

F. E. Ighosewe, E. O. Agbogun

The paper ascertained if oil price gyrations and macroeconomic aggregates granger causes the Nigerian exchange group performance from 1986 to 2024. Data were sourced from the World Bank database, 2024 and the Central Bank of Nigeria Statistical Bulletin, 2023. The study adopted the Toda, Yamamoto, Dolado and Lutkepohl (TYDL) granger causality approach. The TYDL Granger causality test provides a comprehensive and integrated approach on the short-run causal dynamics among the target variables: crude oil price gyrations (COPG), exchange rate (EXCR), GDP growth rate (GDPR), inflation rate (INFR), interest rate (INTR), and market capitalization to GDP Ratio (MCAP). The study establishes significant directional causal relationships among macroeconomic aggregates and stock exchange performance in Nigeria, providing empirical evidence for policy interventions in Nigeria's capital market.

Impact of fuel subsidy removal on women's livelihood and household sustainability in Nigeria

A. N. Okoli, S. E. Uwhejevwe-Togbolo, B. Umoru

Reforms in energy subsidies have emerged as a major economic policy discussion in most developing nations. The study examined the impact of fuel subsidy removal on women's livelihood and household sustainability in Nigeria. The removal of fuel subsidy has accentuated that women are the primary subjects of the realized implications of the policy. The population sampled consists of 200 women involved in informal economic activities in Delta State such as petty trade, small scale farming, food processing, and other microenterprises. The results reveal that women are involved in informal economic activities which have lower profitability rates as increased fuel prices have caused transportation costs to increase and running small businesses to become more expensive. The study concluded that removal of fuel subsidy has diminished household purchasing power, savings, and economic resilience, especially for families who depend on informal economies.