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Bank lending and industrial sectors financial performance in Nigeria (case study of Dangote Cement Plc)

 Department: Banking and Finance  
 By: usericon godwin01  

 Project ID: 8021
   Rating:  (5.0) votes: 1
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   Price:₦3000
Abstract
Bank Lending is a crucial aspect of the industrial growth of an economy as it helps industrial firms carry out capital-intensive projects to remain operational and stay competitive in their respective markets. The nature of these loans may be short-term or long-term. This study set out to obtain a relationship between how long-term and short-term loans from banks and other financial institutions may boost the net revenue (EBITDA) of industrial firms in Nigeria. Using Dangote Cement Plc as a test sample, a linear regression model was adopted to compute the correlation coefficients and p-values of the independent variables: Total Current Liabilities (TCL) and the Total Non-Current Liabilities on the EBITDA of the organization. The results from the analysis showed that the TCL positively contributes to the EBITDA of DCP with a correlation coefficient of 0.504 and a p-value of 0.001. On the other hand, the TNCL, negatively connects with the EBITDA with a coefficient. of - 0.001 and a p-value of 0.998. Also, the model’s ability to classify new data by an R-squared value of 92% showed a promising response of the independent variables on the dependent variable. Finally, based on the results, it can be concluded that whereas non-current liabilities have no direct or positive impact on a manufacturing company's net earnings (EBITDA), current liabilities such as short-term loans, dividends, accounts payable, notes payable, and income tax owed, contribute to the growth of industrial firms. .       ...
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