The International Accounting Standard Boards highlighted financial reporting timeliness (FRT), as one of the qualitative attributes taken into consideration when measuring financial reporting quality (FRQ). Considering that the board is the main internal corporate governance (CG) mechanism, the...

Using novel survey data collected from the states of Kaduna and Edo in Nigeria’s Northern and Southern Regions respectively, this study examined the correlates of gender egalitarian attitudes with a particular focus on gender, educational attainment, religious affiliation, and the region where...

Using novel large-N survey data collected from the state of Edo – Nigeria's migration epicentre – this study examines how family support relates to people's migration aspirations and their perception of the risks associated with migrating to Europe. The regression results reveal that family...

This report develops a comprehensive national digital trade strategy for Nigeria aligned with the African Continental Free Trade Area (AfCFTA) Protocol on Digital Trade (DTP). The AfCFTA aims to enhance economic integration and intra-African trade, and Nigeria, with its growing digital economy,...

This study provides the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using linear and non-linear estimators to account for potential heterogeneous treatment effects across firm groups....

This investigation assessed the influence of formal financing for small and medium-sized enterprises (SMEs) on the economic advancement of Nigeria, utilising annual time series data ranging from 1992 to 2022. Employing the Cobb-Douglas framework, control variables, including capital formation...

This study examined the effect of exposure to violent conflict on hostility towards ethnic and religious outgroups among Nigeria’s population and among its two major religious groups (i.e., Christians and Muslims). Violent conflict had a robust positive effect on outgroup hostility among the...

This study advances global understanding by introducing asymmetric structure into the causality between economic complexity and natural resource wealth in resource-rich countries, using the case studies of Nigeria and South Africa covering 1970-2021. This approach reveals hidden causality in the...

Since the last edition of the Nigeria Development Update (NDU) in October 2024, economic developments in Nigeria have been broadly positive, helped by the government staying the course in maintaining an appropriate macroeconomic policy mix. Now, the challenge is to consolidate macroeconomic...

Scaling up private investment in Decentralised Renewable Energy (DRE) is crucial for achieving universal electricity access in sub-Saharan Africa. Tailored de-risking actions based on investors' risk perceptions can facilitate investment. However, current literature provides a fragmented...

This study investigates the impact of corporate governance mechanism on money laundering operations in publicly listed firms in Nigeria, emphasising the efficacy of governance measures and the mediating function of internal audits. The study employed purposive sampling to analyse 177 firms...

This paper presents exploratory research assessing the impact of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) measures on international students from Nigeria and Pakistan's financial inclusion in the UK. It explores the concept of de-risking, which could limit access...

This study investigates the effectiveness of government expenditure in combating the incidence of poverty in Nigeria from 1981 to 2022, employing a Vector Error Correction Model (VECM) framework. The research analyzes the relationship between poverty incidence and key variables including...

In the drive towards sustainability, the role of mental health in shaping responses to information campaigns is critical. Specifically, We investigate the mental health impact of an information campaign designed to influence low-income farmers' attitudes and behaviors toward sustainability. This...

In this study, we provide the first estimates of the effect of COVID-19 (COVID-19 legal restrictions) on catastrophic medical expenditure and forgone medical care in Africa. Data for this study were drawn from the 2018/19 Nigeria General Household Survey (NGHS) panel and the 2020/21 Nigeria...

Companies are under pressure to conduct their business more transparently by presenting reports other than traditional financial statements. The disclosure of non-financial activities in relation to firms' environmental and social impact is expected to influence firm performance and valuation....

This study provides the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using linear and non-linear estimators to account for potential heterogeneous treatment effects across firm groups....

This investigation assessed the influence of formal financing for small and medium-sized enterprises (SMEs) on the economic advancement of Nigeria, utilising annual time series data ranging from 1992 to 2022. Employing the Cobb-Douglas framework, control variables, including capital formation...

Nigeria has the potential to become an economic powerhouse. Its large and growing population and its regional trade ties through the Economic Community of West African States (ECOWAS) offer the potential for expanded markets for goods and services. Nigeria's population is projected to grow by 45...

This paper investigates the long- and short-term effects of geographical proximity to universities on educational attainment in Nigeria. We relate individuals level of schooling obtained from three rounds of the Nigeria's Living Standard Measurement Survey (LSMS) to spatial distance to...

Aim: This study investigates foreign exchange market dynamics by forecasting and analyzing the Value-at-Risk (VaR) for the Nigerian Naira against BRICS currencies utilizing daily data from January 1, 2010 to December 31, 2024. Design/Research methods: The five BRICS currencies (BRL, RUB, INR,...

This study investigates strategies for achieving sustainable road transport in Nigeria, focusing on energy conservation and emission reduction (ECER) through technological innovation, organizational management, and energy system upgrades. Nigeria, the largest economy in Sub-Saharan Africa (SSA),...

Fraud poses a significant threat to Nigeria's burgeoning digital economy, impacting sectors like finance, e-commerce, healthcare, and education. Traditional methods struggle to keep pace with evolving fraud schemes. This paper investigates the potential of Artificial Intelligence (AI) and...

This study used an emic approach to examine the dynamics of online romance fraud, focusing on the migration of offenders from Nigeria to Ghana. We collected data through qualitative methods, such as semi-structured interviews and focus group discussions. Ghanaian police officers and Nigerian law...

Africa is one of the fastest-growing crypto markets in the world, with its crypto transactions peaking at $20 billion per month in mid-2021, with Nigeria contributing to the world's third largest bitcoin-holding. Evidence continues to grow, showcasing criminals who seek to use cryptocurrencies...

The last five years have seen immense growth in the Nigerian financial services sphere, particularly with the introduction of innovative ways to make, trade and exchange money in a largely unregulated sphere. One of such developments is virtual assets which has opened up a lot of doors in the...

This report develops a comprehensive national digital trade strategy for Nigeria aligned with the African Continental Free Trade Area (AfCFTA) Protocol on Digital Trade (DTP). The AfCFTA aims to enhance economic integration and intra-African trade, and Nigeria, with its growing digital economy,...

The Country Opinion Survey in Nigeria assists the World Bank Group (WBG) in better understanding how stakeholders in Nigeria perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector,...

One of the most significant disruptive events of the 21st century was the COVID-19 epidemic, which was first detected in China in 2019 and quickly spread around the world. While waiting for the development of the vaccine, governments used a variety of strategies to counteract the effects of the...

Research on the relationship between oil wealth and economic growth has shown that the impact of oil can depend on various factors or conditions. However, the role of the underground eco-nomy in this relationship remains underexplored. This study aims to fill this gap by examining how the...