Browsing by Author "Busari, Romoke"

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    CORPORATE GOVERNANCE AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Marketing, Veritas University, Abuja, 2021) Kolawole, Kayode; Ajayi, Micheal; Busari, Romoke; Mustapha, Abdulkadri
    The efforts in implementing sound corporate governance practices in banks across the world after the financial scandals in 2008 has been overwhelming. However, Nigerian banking institutions still suffers from massive financial misappropriation despite effort in entrenching sound corporate governance in the sector. Hence, this study investigated corporate governance and performance of Nigerian deposit money banks. This study employed both primary data and secondary data. The primary data was obtained through questionnaire administration while the secondary data were sourced from the financial reports of thirteen selected listed deposit money banks in Nigeria. The population of the study is all listed deposit money banks in Nigeria. However, one hundred and fifty (150) copies of questionnaire were administered to managers and staff of this selected Nigerian deposit money banks. Ordered logit and panel least square method of multiple regression analysis were used to achieve the objectives of the study. The findings of random effect model showed that board independence is a significant determinant of performance of deposit money banks in Nigeria with coefficient values of 2.891 at 5%. Thus, the study concludes that corporate governance impact significantly on performance of deposit money banks in Nigeria. The study recommends that regulators should ensure that board of directors are independent from shareholders’ control when making decisions on critical issues that affect the banks’ performance.
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    IMPACT OF REMITTANCES ON FINANCIAL DEVELOPMENT IN WEST AFRICAN COUNTRIES
    (Faculty of Management Sciences, Federal University Dutsin-Ma, 2022) Kolawole, Kayode; Babaita, Kolawole; Busari, Romoke; Abdulmumini, Maryam
    The aim of this study is to examine the impact of international remittances on financial development in West African countries. In order to achieve the research objectives, secondary data was collected from World Bank Indicator from 1990 to 2020. Balanced panel data analysis was employed in the study. A model was adopted in the study and from the analysis, the study revealed that international remittances inflow is a significant determinant of financial development in West African countries at 1% level of significance level. It was further revealed that trade openness has positive relationship with financial development in West African countries. Finally, the findings also revealed that there exists a negative relationship between international remittances and financial development in West African countries at 1% significant level. The study concluded that international remittances are significant determinant of financial development in West African countries. Therefore, the study recommends that enabling environment should be provided by regulators of financial institutions which will open the economy to international trade and also attracts international remittances in order to improve the financial institutions in West African countries.