Nigerian Journal of Risk and Insurance

Job Satisfaction and Employee Performance in Small-Scale Businesses in Lagos State, Nigeria

2026-03-27T08:49:04+00:00

This study examined job satisfaction and employee performance in small-scale businesses in Lagos State, Nigeria. It investigated the dimensions of job satisfaction, including time management, absenteeism, and feedback mechanisms, and their impact on employee performance. A quantitative approach was adopted. The study population comprises fifty (50) respondents drawn from employees of small -scale businesses in Ago Palace Way, Lagos State. A survey design question was administered to employees working in small-scale businesses in Ago Palace Way, Lagos State. The regression analysis indicated that effective time management and regular feedback mechanisms had a positive, statistically significant impact on job satisfaction and employee performance; absenteeism did not significantly influence job satisfaction. The findings suggest that job satisfaction is closely linked to performance levels, with improved time management and feedback processes enhancing both. It highlighted that business owners should invest in employee development, effective communication strategies, regular feedback mechanisms, a positive work environment, productivity, and employee well-being. It also revealed that small-scale businesses could benefit from focusing on job satisfaction through strategic time management and feedback channels. It recommends adopting effective time management strategies, investing in employee development, and establishing regular feedback mechanisms to foster a positive work environment and improve performance.

The Impact of the 2023 FRCN Regulatory Amendment on the Quality of Corporate Reporting in Nigeria

2026-04-02T18:32:31+00:00

This study investigates the effects of the Financial Reporting Council of Nigeria (FRCN) regulatory amendment on the quality of corporate reporting in Nigeria. The amendment introduced significant changes, including tougher penalties for non-compliance, improved guidance on internal control over financial reporting (ICFR), and reforms to corporate governance, intended to improve the quantitative aspects of corporate reporting, particularly the faithful representation of financial statements. Faithful representation is a fundamental qualitative characteristic of financial reporting, requiring that information be complete, neutral, and free from error. The study calls for an evaluation of whether the 2023 amendment actually enhanced corporate reporting reliability and whether further amendments are needed. Structured questionnaires were used as primary data collection methods to people involved in preparing the financial statements and included auditors, accountants, and compliance officers. Descriptive statistics, correlation, and multiple regression analyses were used to determine the relationship between the reforms and the reliability of corporate reporting. Results indicated the amendment has positively and significantly influenced the faithful representation of financial statements with sanctions and ICFR demonstrating the strongest impact, and governance reforms with a moderate, yet positive impact. This paper concludes that the FRCN amendment 2023 has enhanced the quality of corporate reporting and thus increased the trust of stakeholders in financial reporting. It suggests that compliance should be enforced more strongly by regulatory bodies, organisations should enhance internal controls and additional reforms should be reviewed to deal with existing gaps. Further studies ought to be conducted on the analysis of other industries and the long-term impact of the amendment.

Cold Supply Chain and Quality Control in the Agro-Allied Sector: A Literature Review

2026-04-10T09:13:32+00:00

The study conducted a systematic literature review on cold supply chain and quality control in the agro-allied sector. The study used 158 selected papers, sourced from Scopus, Web of Science, and authoritative documents published between 2008 and 2026. The study utilised the 2020 Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) to ensure transparency and rigour in the identification, screening, and ultimately selection of relevant papers. The extracted data were analysed using thematic synthesis to derive primary trends and emerging themes. The emerging themes identified include real-time temperature monitoring, traceability, cold chain collaboration, and sustainability in cold supply chains. The study revealed that utilising advanced technology for temperature monitoring improves the quality, safety and shelf life of cold chain products. Also, the study revealed that utilising collaborative networks enables increased operational efficiency and reduces operational risks. The study concludes that there is a gradual movement away from traditional refrigeration to the use of the Internet of Things, machine learning, blockchain technology, and phase-change materials. This reflects a general trend toward digitalised and proactive quality control in the cold supply chain. The study identified gaps in the literature and suggested areas for further research on empirical evidence of cold supply chains and quality control in developing countries. The study provides practitioners and policymakers with a sound basis for improving quality control in global cold chains.

Sustainable Logistics Practices and Seaport Operational Efficiency in the Maritime Sector: A Literature Review

2026-04-10T11:29:39+00:00

This study examines sustainable logistics practices and seaport operational efficiency in the maritime sector. The study employed a qualitative research design for the review. The study used a systematic literature review of 255 peer-reviewed studies sourced from Scopus, Web of Science, and IEEE databases. The study then utilised PRISMA 2020 framework for identification, screening, eligibility, and inclusion processes for selecting 132 studies for the proper review. Using a thematic analysis supported by triangulation and saturation, the study identified emerging research trends associated with the shift from an infrastructure to a digitally & environmentally integrated paradigm within the maritime sector. The study revealed dominance themes across the reviewed studies, which include digital technologies, green energy, automation, green port infrastructures, and port-hinterland integration. The study further uncovered significant disparities across regions. Europe emphasised more on sustainability issues, East Asia emphasised more on technological innovation, while Africa regions focused on establishing the most basic logistics efficiencies. However, study uncovers a significant gap between the pace of technological advances and the current operational realities of logistics operations in developing economies. Also, the study revealed lack of empirical evidence and real-world application in sustainable logistics practices. Hence, the study recommends greater emphasis on real-world implementation, and empirical evidence to bridge existing gaps and enhance global applicability of sustainable logistics practices in the maritime sector.