Kashere Journal of Accounting and Finance

FIRM FINANCIAL ATTRIBUTES AND TAX PLANNING: EVIDENCE FROM LISTED CONSUMER GOODS COMPANIES IN NIGERIA

2025-12-31T21:07:31+00:00

This study examines the effect of firm financial attributes on tax planning among listed
consumer goods companies in Nigeria. The study utilized a sample of 13 consumer goods
companies for the period of 2013 to 2022. The study utilized secondary data from the financial
reports of the sampled companies obtained from the Nigerian Exchange Group. A fixed effects
regression has been employed in this study. The results from the study revealed that
Profitability increases tax planning of listed consumer goods companies. However, Firm
growth reduces the level of tax planning of the companies used in the study. Therefore, the
study can be used by the policymakers or regulators in formulating policies on tax related
issues in Nigeria.

EFFECT OF AUDIT QUALITY ON FIRM VALUE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA: FURTHER EVIDENCE

2025-12-31T22:07:23+00:00

This study analyses the effect of audit quality on firm value of listed deposit money banks in
Nigeria, whereby the elements of audit tenure and auditor independence are discussed and
used as explanatory variables. Based on expost facto research design, the research examined
archival data of 14 deposit money banks that are listed on the Nigerian exchange group
between 2015 and 2024 through census sampling technique. Using pooled ordinary least
squares (OLS) regression we ran the robust standard errors. The findings indicate that greater
length of audit tenures has an immense positive effect and greater auditor independence also
has immense positive effect explaining together 45 percent of the variance in firm valuations.
This implies that there is the need of long-term auditor and client relationships, and effective
independence protection as an important source for market confidence and shareholder value
in the banking industry in Nigeria. The study suggested that regulators and bank audit
committees should support the best practices tenure (e.g. five to seven years) and enhance the
independence policies, including partner rotation in order to facilitate firm value and ensure
sustainable growth.

TAX REVENUE AND SUSTAINABLE ECONOMIC DEVELOPMENT IN NIGERIA (2015-2024)

2026-01-01T08:24:18+00:00

This study investigates the effect of tax revenue on the economic development of
Nigeria over the period 2015–2024. Specifically, it examines how Company Income
Tax (CIT), Capital Gains Tax (CGT), Value Added Tax (VAT), and Withholding Tax
(WHT) influence Gross Domestic Product (GDP), Per Capita Income (PCI), and the
Human Development Index (HDI). Using secondary data from the Federal Inland
Revenue Service, the Central Bank of Nigeria, and the National Bureau of Statistics,
the study employs an ex-post facto research design and Ordinary Least Squares (OLS)
regression analysis. Findings indicate that tax revenue components have a significant
positive effect on GDP and PCI, with CGT and VAT emerging as the strongest
predictors. However, the effect on HDI was statistically insignificant. The findings
underscore the importance of strategic tax administration and policy reforms in
promoting sustainable economic development. The study recommends strengthening
tax collection mechanisms, broadening the tax base, and enhancing transparency in
the allocation of public funds to maximize developmental outcomes.

FACTORS AFFECTING INTERNAL AUDIT EFFECTIVENESS IN THE NIGERIAN PUBLIC SECTOR

2026-01-01T08:43:31+00:00

This study seeks to investigate the factors affecting the effectiveness of internal audit effectiveness in the Nigerian public sector. Data was gathered using questionnaires, which were distributed among the internal auditors and the management staff of the ministry of science and technology in 2024, and 99 responses was received. The data were analyzed with the use of SPSS 23. The results of the study showed that management support, auditor’s independence, organizational culture, all had positive and significant relationship with Internal audit effectiveness, while training and development had a positive but not significant
relationship with the IAQ in the Nigerian public sector.

EFFECT OF PERSONAL INCOME TAX DETERMINANTS ON TAX COMPLIANCE AMONG MICRO-ENTERPRISE IN TARABA STATE

2026-01-01T09:16:25+00:00

The impact of income taxes to the total revenue of Nigeria’s government continued consistently low and is relatively shrinking due to low tax compliance. This study assesses the effect of personal income tax determinants on tax compliance among micro-enterprise in Taraba State. The study used survey cross-sectional research design and collected data using primary method through self-administered questionnaire. The population of this study is 205,418 micro-enterprise Taraba, while the sample size of 384 personal income tax payers. Regression analysis was used as techniques of data analysis with the help of SPSS version 23. The results showed that tax fairness has significant negative effect with tax compliance in Taraba state, Nigeria, Moreover, the results showed that tax knowledge and probability of detection, tax service quality have significant positive effect with tax compliance in Taraba State, Nigeria, while trust in government is not significant. Therefore, the study recommends that tax authorities in Taraba State prioritize continuous taxpayer education to enhance tax knowledge among micro enterprises, while also strengthening enforcement measures such as audits and sanctions to increase the probability of detection and discourage evasion. Improving the quality of tax services through transparency, efficiency, and the use of modern technology is equally essential to encourage voluntary compliance. Finally, rebuilding trust in government requires greater accountability, anti-corruption initiatives, and effective utilization of tax revenue in ways that directly benefit taxpayers.

CREDIT RISK FACTORS AND FIRM VALUE OF DEPOSIT MONEY BANKS IN NIGERIA

2026-01-01T09:34:17+00:00

This study examines the effect of credit risk factors on firm value among listed Deposit Money Banks (DMBs) in Nigeria using an eleven-year panel dataset (2013–2023). Employing a Panel Generalized Least Squares (PGLS) model to address heteroskedasticity and serial correlation, the findings reveal that the Trade Receivables Composite Quality Index (TRCQI) significantly and negatively impacts firm value, while Receivables Turnover (RT) and Cash Holdings (CH) also exhibit significant negative effects. In contrast, the Non-Performing Loan Ratio (NPLR) and Loan Loss Provisions (LLP) show insignificant effects. The results underscore the importance of maintaining high-quality receivables, balanced credit recovery practices, and optimized liquidity management to enhance market valuation. The study recommends rigorous credit risk assessment, proactive monitoring of loans, forward-looking provisioning, customer-focused receivables management, and strategic liquidity deployment to strengthen shareholder value and overall bank performance.

EFFECT OF WHISTLEBLOWING PROGRAM AND PROBITY AUDIT ON FRAUD DETECTION IN NIGERIA PUBLIC SECTOR: A STUDY OF ICPC AND EFCC

2026-01-01T10:00:31+00:00

Fraud persists as an enduring challenge within Nigeria's public sector, despite the implementation of various anti-fraud mechanisms. This research investigates the effect of whistleblowing programs and probity audits in improving the efficacy of fraud detection systems. The primary objective was to investigate the extent to which these factors contribute to identifying and addressing fraudulent activities within key institutions, specifically the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC). A quantitative research design was adopted,
employing a structured questionnaire administered to 480 respondents from these institutions. Data were analyzed using descriptive and inferential statistical techniques. The findings indicate that whistleblowing programs exert the strongest influence on fraud detection, underscoring the critical importance of well-implemented and accessible whistleblowing mechanisms in exposing fraudulent activities. Additionally, probity audits were found to play a vital role in uncovering and preventing fraud, emphasizing the necessity of regular, independent, and thorough audits to ensure accountability and transparency. Based on these findings, the study recommends that public sector institutions enhance whistleblowing frameworks by ensuring accessibility, anonymity, and whistleblower protection. It further advocates for the rigorous and independent execution of probity audits, with a commitment to implementing audit recommendations. These measures are essential for strengthening governance, transparency, and accountability within Nigeria's public sector.

DETERMINANTS OF NET INTEREST MARGIN OF DEPOSIT MONEY BANKS IN NIGERIA

2026-01-01T10:16:05+00:00

This study investigates the determinants of net interest margin (NIM) of deposit money banks in Nigeria. Specifically, it examines the relationship between savings deposit rate (SDR), prime lending rate (PLR), maximum lending rate (MLR), and treasury bill investment volume (TB) on NIM over the period 2014 to 2023. The study employs panel data analysis techniques, including descriptive statistics, correlation analysis, panel unit root tests, and fixed effects regression. Findings reveal that SDR has a positive and statistically significant effect on NIM, underscoring the importance of competitive savings rates in enhancing deposit mobilization and interest income. In contrast, PLR and MLR exhibit positive but statistically not significant effects, indicating that changes in lending rates alone may not significantly impact bank profitability due to broader market and regulatory constraints. Treasury bill holdings (TB) show a negative but statistically insignificant effect on NIM, suggesting that while they provide risk-free returns, excessive allocation to T-bills may reduce banks' income from core intermediation activities. Based on these findings, the study recommends that banks adopt a deliberate strategy to maintain attractive savings deposit rates to strengthen deposit
mobilization and loanable funds. It also advises that lending rates be managed through targeted credit pricing that supports productive sectors while remaining competitive. Furthermore, banks should review their portfolio allocation strategies to avoid over-reliance on treasury bills and instead channel more resources into profitable lending. A balanced interest income management approach is essential for sustaining healthy margins, and regulatory authorities are encouraged to support this with macroeconomic stability and clear monetary policy guidance.