Browsing by Author "Attah, John Adeyi"

Now showing 1 - 5 of 5
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    Firm-Specific Characteristcs and Financial Performance of Listed Agricultural Companies in Nigeria
    (Department of Accounting and Finance, Federal University Gusau, Zamfara State Nigeria, 2022) Jimoh, Abdulrazaq Taiye; Attah, John Adeyi
    The contribution of listed agricultural firms to market development and economic growth has been consistently low in recent years. This could be traced partly to low profitability of agricultural firms in the country which is a function of several firm-specific factors. The study therefore examined the firm-specific factors that influence financial performance of listed agricultural firms in Nigeria. Data were collected from annual reports of the five (5) listed firms in the sector for eleven years from 2010 to 2020. The data were analysed with static panel data regression approach. The results indicate that asset maturity, dividend payout and liquidity have positive and significant effects on return on asset while firm size has significantly negative effect on the return on asset of the firms at 5% level of significance. The study concluded that that the listed agricultural firms utilised their assets and manage their liquidity efficiently. There is however, some scale inefficiencies in the firms because, the finding of negative relationship between firm size and return on asset indicates that larger the companies become the lower the financial performance. It is therefore recommended that the managements of agricultural companies in Nigeria should ensure that the firms are not overcapitalised in terms of investment in assets in order to boost both the scale efficiency and profitability of the firms.
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    Islamic banking efficiency: A cross-country analyisis of Africa and Asia.
    (Publication of Faculty of Social and Management Sciences, Federal University, Birnin Kebbi., 2022) Jimoh, Abdulrazaq; Bamigbade, Dayo; Attah, John Adeyi
    The Islamic banking system has been adopted by many countries, as a veritable alternative to interest-based banking in the area of intermediation and inclusive finance. However, the efficiency of the system which is fundamental to the competitiveness of the banks is currently being questioned. This study, therefore, made a country-wise analysis of Islamic banking efficiency in selected countries of Africa and Asia from 2012 to 2019. Fifty-Six Islamic banks were selected from Seventeen Countries and data were collected from annual reports of the banks. Data Envelopment Analysis (DEA) was used to estimate the technical efficiency scores of the banks. Country-level average efficiencies were then used for the analysis. The study found that the selected Islamic banks were not fully efficient. It was also found that the observed inefficiencies were majorly pure technical. The study concluded that Islamic banking systems in the selected countries were technically inefficient due to pure technical inefficiencies (managerial underperformance- lack of skills, competence) in Islamic banking operations. Employment of competent managerial staff is therefore recommended to boost the technical efficiency of the banks and enhance their competitive positions in the market.
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    Islamic banking efficiency: A cross-country analysis of Africa and Asia
    (Faculty of Social and Management Sciences, Federal University Birnin Kebbi, 2022) Jimoh, Abdulrazaq Taiye; Bamigbade, Dayo; Attah, John Adeyi
    The Islamic banking system has been adopted by many countries, as a veritable alternative to interest-based banking in the area of intermediation and inclusive finance. However, the efficiency of the system which is fundamental to the competitiveness of the banks is currently being questioned. This study, therefore, made a country-wise analysis of Islamic banking efficiency in selected countries of Africa and Asia from 2012 to 2019. Fifty-Six Islamic banks were selected from Seventeen Countries and data were collected from annual reports of the hanks. Data Envelopment Analysis (DEA) wat used to estimate the technical efficiency scores of the banks. Country-level average efficiencies were then used for the analysis The study found that the selected Islamic banks were not fully efficient It was also found that the observed Inefficiencies were majorly pure technical. The study concluded that Islamic banking systems in the selected countries were technically inefficient due to pure technical inefficiencies (managerial underperformance- lack of skills, competence) in Islamic banking operations. Employment of competent managerial staff is therefore recommended to boost the technical efficiency of the banks and enhance their competitive positions in the market.
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    Islamic Green Finance and Solid Waste Management in Nigeria
    (Department of Finance and Accounting, University of Nairobi, Kenya, 2025) Jimoh, Abdulrazaq Taiye; Attah, John Adeyi; Sanni, Ibrahim; Yunus, Abdulrasheed Bolaji
    The growing population and urbanization have increased the amount of solid waste generation in Nigeria, leading to environmental degradation. The management of such waste has however become a challenge due to inadequate funding. As government financing is insufficient for effective waste management, Islamic green finance seems to be a viable alternative due to its environmentally friendly shariah principles. Although, some Islamic green financial products have been identified, empirical research is lacking in this regard. This study therefore assessed the potential impact of Islamic green finance on solid waste management in Nigeria. Data were collected from staff of waste collection services firms which are registered with Environmental Health Council of Nigeria (EHCON). Questionnaire was administered to the respondents through the contact of the companies. Descriptive statistics and logistic regression were used to analyze the data. The study found that green murabaha (p<0.05), green mudharaba (p<0.05), green musharaka (p<0.01) and green ijarah (p<0.1) were positively and significantly correlated the turnover growth of solid waste management firms. The study however, found that green musharaka wa mutanaqisah (p >0.1) had insignificant, positive relationship while green sukuk (p>0.1) had insignificant, negative relationship with turnover of solid waste management firms in Nigeria. The study concluded that Islamic green financial services are needed for improving solid waste management in Nigeria. Based on the findings and conclusion therefrom, it recommended that Islamic banks in Nigeria should adopt shariah-compliant green financial products and channel their funding to green investment including solid waste industry.
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    MARKETABILITY OF ISLAMIC BANKING PRODUCTS IN NIGERIA: A CASE STUDY OF JAIZ BANK PLC
    (Department of Finance, University of Ilorin, 2022) Jimoh, Abdulrazaq Taiye; Bamigbade, Dayo; Attah, John Adeyi; Abdurraheem, Abdulazeez Adewuyi; Kolawole, Kayode David
    The marketability of Islamic financial products is a goal which requires painstaking efforts and strategies on the part of the banks. This goal has however come under serious scrutiny in Nigeria as only a small portion of the Nigerian financial market has been attracted for the products. This study therefore analysed the marketability of Islamic banking products in Nigeria with the objective of assessing the relationship between marketing activities, staff training and Islamic banking products in Nigeria. Data were collected from annual reports of Jaiz Bank Nigeria PLC for ten years (2012-2021). The data were analysed via with Pearson correlation technique. The result indicates that Murabaha (0.64), and Musharakah (0.66) had strong positive relationship with marketing activities while Istisna (0.83) had positive relationship with staff training. The relationships (p-value- 0.046, 0.038, 0.003) were found to be significant at 5% level of significance. The study concluded that marketability of Islamic banking products in Nigeria is generally related to marketing activities and the level of knowledge and skills that employees acquired by staff through training and seminars. The study therefore recommended that Jaiz Bank Nigeria PLC should engage in aggressive marketing to boost customers patronage of its products. Increase in the percentage of staff cost allocated to training is also necessary to enhance employees’ skills and knowledge for improved market share for the banks’ products.