Eke Promise
Department of Accounting, Faculty of Management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria

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Impact of Cyber-Security on Fraud Prevention in Nigerian Commercial Banks Chika Odukwu Victory; Eke Promise; Chukwumati N Mike
Jurnal Akuntansi, Keuangan, dan Manajemen Vol. 4 No. 1 (2022): Desember
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v4i1.1527

Abstract

Purpose: The purpose of this research was to investigate the impact of cyber-security on fraud prevention in Nigerian commercial banks. Method: The researcher collected primary data through the interview (WhatsApp video call) conducted with the senior employees of the respective commercial banks who know the subject matter. Result: The outcomes of the research demonstrated that cloud security statistically increases fraud prevention in Nigeria; also, that application security statistically increases fraud prevention in Nigeria. Contributions: it was suggested that Nigerian financial industry should be able to effectively detect fraudulent transactions and prevent them from causing financial or reputational damage to the customers or other financial institutions (FI), also, there should be a special awareness program to educate the public on how to always use strong passwords for their devices to prevent hacking, loss of money, or other resources. Novelties: The variables adopted in this study as well as the sample size, results, and recommendations have not been used by eminent scholars in this manner. Limitations: the results of this study would be limited to commercial banks in Nigeria, and therefore may not apply to other sectors of the economy. Similar studies were suggested to be carried out, covering other sectors of the economy to validate these results.
Assets Investment and Financial Performance of Deposit Money Banks in Nigeria (2016-2021) Odukwu Chika Victory; Eke Promise; Alafuro Elizabeth Levi; Obi Michael Ebingha; Effiong Udo Etok
Journal of Corporate Finance Management and Banking System ( JCFMBS) ISSN : 2799-1059 Vol. 3 No. 05 (2023): Aug-Sept 2023
Publisher : HM Journals

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55529/jcfmbs.35.6.16

Abstract

The study uses a descriptive research approach to survey the association between asset investment and the financial health of BMBs in Nigeria. The study used time series and a secondary approach to estimate how asset investments affected deposit money institutions' financial health in Nigeria. Only six of the twenty-two (22) listed DMBs in Nigeria-United Bank for Africa (UBA), Access Bank, Unity Bank, Fidelity Bank, Eco Bank, and Zenith Bank-made up the study's population. The study was conducted from 2016 to 2021, giving us a thirty-six (36) year period of annual observation of the six DMBs that were chosen. Purposive sampling was utilized to determine the sample size. The study used secondary sources of information. The data analytic method used to ascertain the association between the independent, dependent, and moderating factors was linear regression. The study found a substantial correlation between cash equivalents, intangible assets and DMBs' return on assets in Nigeria. The same is true for property, plant, and equipment and ROA of DMBs in Nigeria. The link between asset investment and financial health of DMBs (DMBs) in Nigeria is significantly moderated by company size, which is the last factor to be discussed. Thus, the study came to the conclusion that there is a substantial correlation between asset investment and BMB financial health in Nigeria. The researchers therefore recommended that the Nigerian Central Bank ensure adequate monitoring and evaluation of banks with respect to the stipulated maximum amount a bank can invest in intangible assets, property, plant, and equipment.
Influence of Liquidity and Profitability on Profits Growth of Nigerian Pharmaceutical Firms Odukwu Victory Chika; Eke Promise; Igwoba Solomon U; Egule Victoria Werikum
Goodwood Akuntansi dan Auditing Reviu Vol. 1 No. 1 (2022): November
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/gaar.v1i1.1318

Abstract

Purpose: This study sought to assess the influence of liquidity ratio and profitability ratio on profit growth of pharmaceutical firms in Nigeria. Method: The researcher employed ex-post facto research strategy with a population of six (6) selected listed pharmaceutical firms in Nigerian stock exchange market. The study used 30 firm yearly observations from the six pharmaceutical firms listed in Nigeria. Results: The results of the study revealed that the current ratio's liquidity ratio and the quick ratio's liquidity ratio had a statistically significant link with profit growth rate. The profit growth rate has no statistically significant link with the profitability ratio of net profit margin and return on asset. Limitations: The discoveries of this study is limited to pharmaceutical firms in Nigeria and may not be adopted elsewhere. Contribution: This study is anticipated to help pharmaceutical companies manage their cash and cash equivalents while also improving the performance of the business.