Academic literature on the topic 'And Quoted Manufacturing Companies in Nigeria'

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Journal articles on the topic "And Quoted Manufacturing Companies in Nigeria"

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Eneisik, Gogo Erasmus, Prof L. C. Obara, and Moses Kpane Uwikor. "Effect of Companies Income Tax on Financial Performance of Listed Manufacturing Companies in Nigeria." INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT 8, no. 2 (2023): 25–49. http://dx.doi.org/10.56201/ijefm.v8.no2.2023.pg25.49.

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The study empirically ascertains the effect of companies income tax on financial performance of quoted manufacturing companies in Nigeria. To achieve this objective theoretical, conceptual and empirical literature on companies income tax and financial performance was extensively reviewed.Companies income tax was proxied by capital gains tax, tertiary education tax and company income tax. The population of the study consists of sixty quoted manufacturing companies in Nigeria. The study adopts purposive sampling techniques to select thirty quoted manufacturing companies as a sample size. Secondary data was obtained from audited annual financial reports of quoted manufacturing companies in Nigeria from 2006-2020. Hypotheses formulated were tested using panel least squares regression through pooled effect, fixed effect, and random effect, determined by the Hausman test, fixed effect regression was preferred for results interpretation with the aid of EViews 10 econometric statistical software. Findings show that company income tax had a negative and insignificant effect on net profit margin of quoted manufacturing companies in Nigeria. Capital gains tax had positive and significant effect on net profit margin of quoted manufacturing companies in Nigeria. Tertiary education taxes had negative and insignificant effect on net profit margin of quoted manufacturing companies in Nigeria. The study concludes thatcompanies income tax reduced financial performance of listed manufacturing companies in Nigeria. The study recommends among others that government must ensure the eradication of multiple taxations and ensure transparency in corporate tax administration in order to attract investors and ensure tax compliance. The government should implement tax harmonization policy to reduce multiple taxations. The government should adopt a single uniform company income tax rate for all types of companies in Nigeria to avoid multiple taxations. The government should
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Chukwudi Christian, Ifekanandu. "Green Supply Chain Management and Sustainability Performance of Quoted Consumer Goods Manufacturing Companies in South-South Nigeria." African Journal of Economics and Sustainable Development 8, no. 2 (2025): 48–62. https://doi.org/10.52589/ajesd-bqeydlmw.

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This study explored green supply chain management and sustainability performance of quoted consumer goods manufacturing companies in South-South Nigeria. The study applied the correlational research design and the positivist research philosophy. The population of the study comprised 21 quoted consumer goods manufacturing companies in South-South Nigeria. The census sampling technique was adopted. The sampling units consisted of managers of quoted consumer goods manufacturing companies in South-South Nigeria. A structured questionnaire was used as the instrument for data collection. The data collected were analyzed statistically while the hypotheses were tested using Pearson Product Moment Correlation Coefficient (r) and the SPSS software application. The findings revealed that green manufacturing has a significant relationship with environmental performance of quoted consumer goods manufacturing companies in South-South Nigeria. This study also found a significant relationship between green manufacturing and economic performance of quoted consumer goods manufacturing companies in South-South Nigeria. The study equally discovered a significant relationship between green distribution and environmental performance of quoted consumer goods manufacturing companies in South-South Nigeria. The study also found a significant relationship between green distribution and economic performance of quoted consumer goods manufacturing companies in South-South Nigeria. Therefore, it was concluded that green supply chain management such as green manufacturing and green distribution significantly improve sustainability performance of quoted consumer goods manufacturing companies in South-South Nigeria. The study therefore recommended that consumer goods manufacturing companies in South-South Nigeria should adopt green supply chain management as it would enhance their sustainability performance.
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Eneisik, Gogo Erasmus, Prof L. C. Obara, and Moses Kpane Uwikor. "Corporate Taxes and Financial Performance of Quoted Manufacturing Companies in Nigeria." Journal of Accounting and Financial Management 9, no. 3 (2023): 81–105. http://dx.doi.org/10.56201/jafm.v9.no3.2023.pg81.105.

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The study empirically investigated the effect of corporate taxes on financial performance of quoted manufacturing companies in Nigeria. The population of the study consists of sixty quoted manufacturing companies in Nigeria. The study adopts purposive sampling techniques to select thirty quoted manufacturing companies as a sample size. Secondary data was obtained from audited annual financial reports of quoted manufacturing companies in Nigeria from 2006-2020. Hypotheses formulated were tested using panel least squares regression through pooled effect, fixed effect, and random effect, determined by the Hausman test, fixed effect regression was preferred for results interpretation with the aid of Eviews 10 econometric statistical software. Findings show that companies’ income tax, capital gains tax, and tertiary education tax had insignificant effects on return on equity of quoted manufacturing companies in Nigeria. Companies’ income tax and tertiary education tax had insignificant effect on return on capital employed of quoted manufacturing companies in Nigeria. Companies income tax and tertiary education tax had insignificant effect on net profit margin of quoted manufacturing companies in Nigeria. Capital gains tax had significant effect on return on capital employed and net profit margin of quoted manufacturing companies in Nigeria. The study concludes that corporate taxes have insignificant effect on financial performance of quoted manufacturing companies in Nigeria. The study recommends, among others, that the government should introduce new tax incentives, tax exemptions, tax allowances, tax relief, tax rebates, and tax shelters for corporate taxes. Capital gains tax should be scrapped to enable companies to plough back profit on sale of assets into their business operations. The government should create a corporate tax management database through modern information technology to ensure effective and efficient corporate tax administration.
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Eunice, Mayah, Ekwueme Chika Maureen, and Adejoh Arome Christopher. "Assets Composition and Financial Performance of Listed Consumer Goods Firms in Nigeria." Journal of Accounting and Financial Management 9, no. 5 (2023): 1–17. http://dx.doi.org/10.56201/jafm.v9.no5.2023.pg1.17.

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This study investigated the effect of asset composition on financial performance of listed consumer goods companies in Nigeria from (2012-2021). three research questions and corresponding three hypotheses were formulated for the study. Ex-post facto research design was employed in the study. The population of the study included all consumer goods manufacturing firms quoted on the Nigerian Exchange Group (NXG) (NSE) as at 31st December 2022 with a sample size of Twenty-nine (29) consumer goods manufacturing companies selected from the population sector. The study relied on secondary sources of dataset which was obtained from Annual reports of sampled companies as provided by individual companies, Nigerian Exchange Group (NXG) website and Machame Database (www.machameratios.company.site). Amongst other preliminary analysis and tests, the panel least square regression analysis was done in validating the hypotheses. The study found that property, plant and equipment have positive and significant effect on the performance of quoted manufacturing companies in Nigeria Exchange Group; Intangible assets have positive but insignificantly effect on the performance of quoted manufacturing companies in Nigeria Exchange Group; current assets has positive significant effect on the performance of manufacturing companies quoted in the Nigeria Exchange Group. Consequent on the findings of the study, it is recommended amongst others that management of manufacturing companies in the Nigeria should formulate policy that will enhance their investment in property plant and equipment as this will increase the performance of their companies and enable them achieve shareholders wealth maximization objective. The study also recommended that management of manufacturing companies in their effort to enhance the performance of manufacturing companies should increase the level of the of on intangible assets. Increasing the investment in intangible assets would positively enha
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Imo, ThankGod Obutor. "Strategic Management Accounting and Financial Statement Quality of Quoted Manufacturing Companies in Nigeria." WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH 6, no. 2 (2023): 27–40. http://dx.doi.org/10.56201/wjfir.v6.no2.2022.pg27.40.

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The study determined the relationship between strategic management accounting and financial statement quality of quoted manufacturing companies in Nigeria. Strategic management accounting was the independent variable, while reliability of financial statements was adopted as the measure of financial statement quality. The study was guided by one specific objective, one research question and one research hypothesis. The study was anchored on Contingency theory and adopted the survey research design. The population of the study consisted of one hundred and seventy-seven (177) manufacturing companies Nigeria that are listed on the Nigerian Stock Exchange (NSE). The sample size consisted of one hundred and twenty-three (123) employees and managers of the selected manufacturing companiesin Nigeria. The sample size of this study was determined by Taro Yamane’s formula. Simple random sampling technique was used to select the respondents. Structured questionnaire was the data collection instrument used. Frequencies, simple percentages and weighted mean were used to analyse the demographic data of the respondents and other questionnaire items while Pearson Product Moment Correlation was used to test the hypotheses formulated at 5% level of significance. Statistical Package for Social Sciences (SPSS) was used to run the data analysis. There is a positive and significant relationship between value chain analysis and reliability of financial statements of quoted manufacturing companies in Nigeria, there is a positive and significant relationship between value chain analysis and timeliness of financial statements of quoted manufacturing companies in Nigeria, there is a positive and significant relationship between balance scorecard and reliability of financial statements of quoted manufacturing companies in Nigeria and lastly, there is a positive and significant relationship between balance scorecard and timeliness of financial statements of quoted manufacturer
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Etim, Etim Osim, Nsima Johnson Umoffong, Ekwere Raymond Enang, and Glory Agatevure. "LIQUIDITY MANAGEMENT AND FIRM VALUE OF QUOTED MANUFACTURING COMPANIES IN NIGERIA." INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING 3, no. 1 (2022): 47–66. http://dx.doi.org/10.47509/iajfa.2022.v03i01.04.

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This study was conducted to examine the influence of liquidity management on firm value of quoted manufacturing companies in Nigeria. This was premised on the fact that continuous existence of quoted manufacturing companies is guaranteed by the level of improvement in firm value, which may depend upon the level of liquidity management technique employed by managers. Have these techniques of liquidity management adopted by managers of quoted manufacturing companies in Nigeria influence firm value? Ex-post facto research design was employed for the study. Fortytwo (42) quoted companies were sampled out off a population of fifty-six (56) quoted listed on the floor of the Nigerian Stock Exchange (NSE) as at December 31, 2019. The independent variables for liquidity management were measured by current ratio (CRR), Quick Ratio (QR), Cash Ratio (CR) and Net Working Capital Ratio (NWCR), and Firm Value (AV) was the dependent variable panel date was sourced from the published financial reports of the sampled companies and analysed using Fixed effect regression technique. Results revealed that CRR, QR and NWCR had positive and significance influence on FV, CR had a positive and insignificant influence. It was recommended that managers of quoted companies should invest continuously on current assets for the purpose of raising liquidity and profitability which impacts on firm value.
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Evans, Awuji Charles, and Anugwo Kelvin Ngozi. "Green Accounting and Financial Performance of Quoted Manufacturing Companies in Nigeria." Journal of Accounting and Financial Management 8, no. 6 (2023): 58–75. http://dx.doi.org/10.56201/jafm.v8.no6.2022.pg58.75.

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The study investigated green accounting activities and its implementations by manufacturing companies in Nigeria in relating to their financial performance. Qualitative research was adopted due to the fact that most of the Nigerian manufacturing companies do not attach financial quantities to their reports on sustainability activities. A sample of fifteen (15) manufacturing companies were investigated- (Dangote Floor mill, Dangote Cement, Cadbury,) The study used data from the central bank statistical bulletin as well as Nigeria Stock Exchange, and data were analyzed in the Statistical Package for Social Sciences (SPSS) Version 22. As well as Microsoft Excel The research hypotheses were tested using Ordinary Lease Square Regression (OLSR) analysis at a significance level of .05. The results of the findings were that there is no positive linear relationship between sustainability accounting of manufacturing companies and their profitability in Rivers state. This study recommends among others that as green accounting and sustainability reporting is still in arithmetic progression in Nigeria, more efforts should be applied in this regard, doing this will see a future positive correlative effect on the profitability of the manufacturing companies in Nigeria
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Erasmus, Eneisik Gogo, Moses, Kpane Uwikor, and Lazbery Nnah. "Sustainability Reporting and Financial Performance of Quoted Oil and Gas Companies in Nigeria." Journal of Accounting and Financial Management 9, no. 5 (2023): 136–62. http://dx.doi.org/10.56201/jafm.v9.no5.2023.pg136.162.

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This study empirically investigated the relationship between sustainability reporting and financial performance of quoted manufacturing companies in Nigeria. To achieve this objective, theoretical, conceptual, and empirical literature on sustainability reporting on financial performance were exhaustively reviewed. The population of the study consists of twelve quoted oil and gas companies on the Nigerian stock exchange. The study adopts purposive sampling techniques to select ten quoted oil and gas companie s as the sample size. Secondary data were obtained from audited financial reports and sustainability reports of quoted oil and gas companies in Nigeria from 2013-2022. Hypotheses formulated were tested using ordinary least square regression with the aid of Eview 10 econometrics statistical software. The findings show that sustainability reporting had a significant impact on financial performance of quoted oil and gas companies in Nigeria. Empirical evidence suggests that environmental sustainability reporting had a significant relationship with return on equity and return on asset of quoted oil and gas companies in Nigeria. Empirical evidence indicates that social sustainability reporting had a significant relationship with return on equity and return on asset of quoted oil and gas companies in Nigeria. Empirical evidence reveals that economic sustainability reporting had a significant relationship with return on equity and return on assets of quoted oil and gas companies in Nigeria. The study concludes that sustainable reporting promotes value creation, brand reputation, attracts investors, lowers operational costs, and improves risk management, leading to superior financial performance. The study recommends, among others that corporate organizations should adopt widely recognized international sustainability reporting standards, such as the global reporting initiative, the task force on climate-related financial disclosures, and the sustai
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Worimegbe, Temitope Mariam, and Timothy Oyewole. "Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria." Global Journal of Business, Economics and Management: Current Issues 11, no. 1 (2021): 42–47. http://dx.doi.org/10.18844/gjbem.v11i1.5065.

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The study assessed the level of environmental disclosure practice of manufacturing companies in Nigeria. Anchored on the legitimacy theory, the ex-post facto research design was adopted by the study. The sample was drawn from the population of sixty quoted manufacturing companies on the floor of the Nigerian Stock Exchange as at 31 December, 2017 using the judgmental sampling technique. The study variables were sourced from the annual reports and the stand-alone environmental reports of the selected companies from 2007-2017. The Global Reporting Initiative (GRI) environmental disclosure index was adopted in assessing the disclosure practice of the companies over the years. The findings showed that the environmental disclosure practice of the quoted manufacturing companies was low in the areas of material, energy, emissions, effluent and waste, water and biodiversity. A good number of the manufacturing companies disclosed very well the theme “others” in the area of environmental expenditure and investment. The study further observed a non-significant statistical difference in the disclosure practice of manufacturing companies over the years (t = -1.440, p = .223). The study concluded that there exists no significant difference in the level of environmental disclosure practice of manufacturing companies in Nigeria from 2007 to 2017.
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Ndubuisi, Odoemelam, Wobo O. Henry, and Ojims Juliet. "Effect of Audit Quality on Value Relevance of Accounting Earnings of Manufacturing Companies Listed in Nigerian Exchange Group." Asian Journal of Economics, Business and Accounting 23, no. 20 (2023): 192–206. http://dx.doi.org/10.9734/ajeba/2023/v23i201104.

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The study investigates the effect of audit quality on the relationship between accounting earnings and share prices of quoted manufacturing companies in Nigeria. The current research uses secondary data extracted from 19 sample companies listed on the Nigerian Exchange Group (NGX), from 2006 to 2021. Pooled Ordinary Least Squares (POLS) are used to estimate the results. The findings reveal that earnings per share (EPS) statistically significantly and positively impact the share price of quoted manufacturing firms in Nigeria. The results also indicate that book value per share does not significantly explain the variations in share price. Interestingly, findings show that the moderating role of audit quality has a greater interaction effect with book value per share of quoted manufacturing firms in Nigeria. Finally, the results also show that earnings per share and book value per share have a combined significant effect on the share price of quoted manufacturing companies in Nigeria. The study has valuable insights and implications for shareholders, board members, practitioners, academicians, and policymakers. Further, the study contributes to the current literature by investigating the impact of audit quality on the relationship between accounting earnings and the share price of manufacturing companies. The agency, shareholders, and stakeholder theories support the findings, which contribute to a better understanding of the role of audit quality in the value relevance of accounting earnings information. We recommend among others the need for quality auditing of financial statements of companies to enhance financial performance.
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Books on the topic "And Quoted Manufacturing Companies in Nigeria"

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Omole, D. A. The impact of interest rate liberalization on the corporate financing strategies of quoted companies in Nigeria. African Economic Research Consortium, 1999.

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Book chapters on the topic "And Quoted Manufacturing Companies in Nigeria"

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Odia, J. O. "The Determinants and Financial Statement Effects of IFRS Adoption in Nigeria." In Advances in Finance, Accounting, and Economics. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9876-5.ch016.

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The chapter examines the determinants and financial statement effect s of IFRS adoption in Nigeria. It also investigate into the impact of effect of the adoption of IFRS on accounting figures and ratios in the financial statements of 50 companies quoted in the Nigerian Stock Exchange. The determinants considered include firm's characteristics (firm size, operating cash flow, leverage, turnover, growth in turnover, profitability, liquidity and earnings quality) and corporate governance variables (board size, board independence and audit type). The data were obtained from the annual reports of companies listed in the Nigerian Stock Exchange between 2011 and 2013 and was analyzed using the ordinary least square (OLS) and logistic regression which were used to test for determinants of IFRS adoption while the independent t-test was used to examine the financial statement effects. With regard to the determinants, the empirical result indicates only profitability and earnings quality have significant but negative association with IFRS adoption. Moreover, IFRS adoption has significant effect on the return on equity.
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Uniamikogbo, Emmanuel, Ikedinachi Ayodele Power Wogu, Peter Ifeanyichukwu Ali, Sanjay Misra, and Manju Khari. "Corporate Governance Attributes, Sustainable Innovations, and Financial Performance of Selected Manufacturing Firms." In Futuristic Technology Perspectives on Entrepreneurship and Sustainable Innovation. IGI Global, 2023. http://dx.doi.org/10.4018/978-1-6684-5871-6.ch003.

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This study considered how several aspects of corporate governance impact the financial performance of a few manufacturing companies in a developing country leading to sustainable innovations. Nigeria was considered for the study since it is a fast-growing economy and the most populous country in Africa. Tobin's Q methods of analysis and purposive sampling techniques were utilized for analyzing the data gathered from annual reports of companies selected between 2011-2020. Both descriptive statistics and econometric analysis employing panel data techniques were used in the study. Results indicate that board independence and board size had substantial negative impact on Tobin's Q of manufacturing firms in Nigeria. The chapter reveales that audit committees should comprise people with the necessary accounting or finance knowledge and experience to embrace corporate governance procedures since they help interpret business performance in terms of Tobin's Q ratio.
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Nwobu, Obiamaka Adaeze. "Sustainability, Financial Value Creation, and Inclusive Growth for Nigerian Manufacturing Companies." In Advances in Finance, Accounting, and Economics. IGI Global, 2025. https://doi.org/10.4018/979-8-3693-6011-8.ch008.

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The purpose of this chapter is to present the discourse on sustainability, financial value creation and inclusive growth for Nigerian manufacturing companies. The data was collected from the Corporate Register. The use of three sustainability reporting standards was analysed based on the stand-alone and annual reports of companies in four manufacturing sub-sectors. The use of the standards is still very low by manufacturing companies in Nigeria. Two stand-alone sustainability reports were found in the food and beverage sub-sector. Two stand-alone reports were prepared using the GRI and UNGC standards. The study proposes that the tone of corporate sustainability should come from the board of directors. The study also proposes a sustainability checklist including indicators adopted from the Global Reporting Initiative. By using a system of sustainability accounting, companies can record, collect information on sustainability, measure, recognise, and report sustainability information to stakeholders to increase financial value creation and inclusive growth.
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Olubiyi, Timilehin Olasoji, and Muktar Monday Itai. "Alignment Between Business Strategies and Performance of Small and Medium-Sized Manufacturing Companies in Africa." In Advances in Human Resources Management and Organizational Development. IGI Global, 2025. https://doi.org/10.4018/979-8-3373-0149-5.ch001.

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Strategy can play a key role in achieving competitive advantage and for business continuity, but the role of strategy is very often misdirected in small businesses. Therefore, this chapter examined the role of business strategies on the performance of small and medium enterprise manufacturing companies in Nigeria, the most populous and one of the largest economies in Africa. The authors conducted a survey with 110 respondents using simple random sampling technique and analyzed the data with linear regression. Results of the study showed that all the selected business strategic capabilities (Cost leadership, differentiation, and focus strategies) are positively associated with the performance of the small and medium sized manufacturing companies in Nigeria. It is recommended that small and medium enterprises should adopt and review regularly their business strategies for proper use and adapting to the continuous changes in the business environments in order to improve performance.
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O. A., Omorinde, Ayantoyinbo B. B., and Dosunmu V. A. "E-commerce Adoption on Inventory Management for Manufacturing Companies in Nigeria: An Econometric Study." In Business, Management and Economics: Research Progress Vol. 3. BP International, 2024. http://dx.doi.org/10.9734/bpi/bmerp/v3/1476.

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Adeyemi, A. A., O. T. Bakare, A. J. Akindele, and O. Soyode. "Impact of the Oversight Role of NGOs on the Environmental Reporting and Social Responsibility of Listed Manufacturing Companies in Nigeria." In Advances in Environmental Accounting & Management. Emerald Publishing Limited, 2020. http://dx.doi.org/10.1108/s1479-359820200000009006.

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Muraina, Monsuru Babatunde. "Quality Control and Standards of Organisational Justice in Nigerian Higher Education." In Business Education and Ethics. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3153-1.ch052.

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Organisational justice improves overall organisational effectiveness, prudency, efficacy and efficiency. Previous studies examined the relationship between organisational justice and job satisfaction in manufacturing companies. This study therefore x-rayed the quality control and standards of organisational justice in Nigerian higher education: the roles and interplay of various agencies. To do this, efforts were made to examine the concept, types and models of organisational justice. A brief history of higher education in Nigeria was discussed as well as the principles of organisational justice within the context of education, empirical studies on the link among organisational justice, job satisfaction, organisational commitment and turnover intention were reviewed and the roles of various agencies in ensuring quality and standards of organisational justice in Nigerian higher education. It was therefore recommended that there should be regular and periodic workshops, conferences, seminars and symposium for the heads of the various institutions of higher learning with a view to gearing them on the relevance of organisational justice in the effective management and administration of higher educational institutions.
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Muraina, Monsuru Babatunde. "Quality Control and Standards of Organisational Justice in Nigerian Higher Education." In Advances in Educational Marketing, Administration, and Leadership. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9850-5.ch005.

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Organisational justice improves overall organisational effectiveness, prudency, efficacy and efficiency. Previous studies examined the relationship between organisational justice and job satisfaction in manufacturing companies. This study therefore x-rayed the quality control and standards of organisational justice in Nigerian higher education: the roles and interplay of various agencies. To do this, efforts were made to examine the concept, types and models of organisational justice. A brief history of higher education in Nigeria was discussed as well as the principles of organisational justice within the context of education, empirical studies on the link among organisational justice, job satisfaction, organisational commitment and turnover intention were reviewed and the roles of various agencies in ensuring quality and standards of organisational justice in Nigerian higher education. It was therefore recommended that there should be regular and periodic workshops, conferences, seminars and symposium for the heads of the various institutions of higher learning with a view to gearing them on the relevance of organisational justice in the effective management and administration of higher educational institutions.
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Conference papers on the topic "And Quoted Manufacturing Companies in Nigeria"

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Egbide, Ben-Caleb, Madugba Joseph, Adesola Ayomide, Jane Ogochukwu Ben-Caleb, Ibrahim Abdul Lateef, and Ekanem Vivian. "Exploring the Implementation of Activity-Based Costing (ABC) among Manufacturing Companies in Nigeria." In 2024 International Conference on Science, Engineering and Business for Driving Sustainable Development Goals (SEB4SDG). IEEE, 2024. http://dx.doi.org/10.1109/seb4sdg60871.2024.10630273.

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Amadi, J., T. K. Olaniyi, and P. Olatubosun. "The Effect of External Audit on Earnings Restatement of Quoted Manufacturing Firms in Nigeria." In World Congress on Sustainable Technologies. Infonomics Society, 2021. http://dx.doi.org/10.20533/wcst.2021.0018.

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Abolarin, Sogo Mayokun, Manasseh Babale Shitta, Michael Chuks Aninyem, Louis Lagrange, and Olatunji O. Obafemi. "Influence of Efficiency Advancement on Solar PV Module Choice and Energy Yield: A Case of a Residential Building in Lagos Nigeria." In ASME 2022 Power Conference. American Society of Mechanical Engineers, 2022. http://dx.doi.org/10.1115/power2022-86437.

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Abstract To abate the continuous rise in environmental pollution largely caused by the high dependence as well as consumption of conventional sources of energy, also known as fossil fuels such as petroleum, natural gas, coal, propane, kerosene etc., energy enthusiasts such as researchers, energy end-users, governments (policy makers), investors, manufacturing companies etc., all have their roles to play to enable smooth, urgent transition and adoption of the existing renewable energy technologies such as wind, hydro, geothermal, biomass and solar energy sources that have been proven to be environmentally friendly with no emission of carbon dioxide into the atmosphere at the point of use. While the existing renewable energy technologies have been proven to be beneficial to the environment and existence of human and human activities, researchers on the other hand are enjoined to continue to work tirelessly to improve the existing green sources of energy supply and develop new ones with higher system efficiency. This transitioning from fossil fuel use to the production, adoption, installation, and utilization of clean energy sources have been both tasking and rewarding from the experiences of countries that have adopted them and the lessons learnt from their experiences have been recognized to be beneficial in the long run to combating global warming and improvement of system efficiency. To enable awareness creation, smooth transition and adoption of solar PV technology locally, regionally and globally, this study provides a concise approach for the selection of the most efficient solar PV module to maximize the energy yield per area of the solar PV array. Daily energy consumption data for lighting and air conditioning were gathered through an energy audit conducted on the facility of a 5-bedroom residential duplex in Lagos, Nigeria. The energy demands of the appliances were programmed into the NCEEC_e-EASZ simulation tool used for the sizing of solar PV modules needed to produce the required solar energy yield for the transition to clean energy. The variables considered are energy yield, array area, and module efficiency. Eighteen different solar PV modules with manufacturers’ specifications such as unit peak power of 280–400 W, area of 1.63–2.01 m2 and module efficiency ranging between 16.49–19.9% were compared to ascertain the suitable module for meeting the required daily energy needs. The energy yields obtained from the commercially available solar PV modules considered in this study were compared and validated with literature. The results of this study indicate that the higher the module efficiency, the lower the number of solar PV modules required to meet the energy uses. In practice, to produce the minimum energy yield to meets the daily energy requirement of buildings, solar PV modules with higher efficiencies should be installed for optimizing the energy yield and reduce the total array area in the residential building.
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