Nigerian banks encounter persistent difficulties in efficiently managing and disclosing credit and liquidity risks, considerably affecting their financial performance and shareholders’ confidence. This study, therefore, examined the effect of risk-management practices and disclosures on the financial performance of Nigerian commercial banks. The population of the study comprised 13 Nigerian commercial banks, of which 12 were purposively chosen, subject to data availability. The data explored in this study originate from World Development Indicators and the annual reports and accounts of the selected Nigerian commercial banks from 2012 to 2023. The data analysis technique used was panel regression analysis, which was further extended to the generalized method of moments in a bid to account for potential endogeneity. The study made use of EViews 12 software to analyse the data. The results reveal that liquidity risk disclosure and firm size had significant and positive effects on financial performance, while credit risk disclosure, credit risk, firm age, and leverage had significant and negative effects. This study concludes that credit risks significantly undermine commercial banks’ financial performance, as an upsurge in non-performing loans results in reduced financial performance. Conversely, effective liquidity risk disclosure characterized by transparent reporting on liquidity position was found to enhance financial performance. This study, therefore, recommends, among others, that banks should strengthen their credit risk assessment framework and enhance transparent risk reporting to improve performance and financial stability.

This study critically explored the financial measures and policies that can be implemented to protect and mitigate the risks of mismanagement of the financial resources of state-owned enterprises (SOEs) and municipalities. This study adopted a qualitative research approach by reviewing readily available literature such as books, journals, articles, and other published materials. A stakeholder theoretical framework was used to understand the organisational ethics, morality, and values of SOEs and municipalities and their interactions and relationships with public and private firms and South African citizens. The significant findings of the study revealed that factors such as corruption, lack of financial transparency, and inadequate governance structures contribute to the mismanagement of funds in SOEs and municipalities. The findings further highlighted the urgent need to address the mismanagement of funds in SOEs and municipalities. The study calls for urgent action to strengthen financial accountability and oversight mechanisms and implement effective measures to combat corruption. By addressing these issues, SOEs and municipalities facing these challenges can promote financial integrity, restore public trust, and ensure the efficient use of public resources. The study recommended that SOEs should be protected from economic mismanagement, embezzlement, state capture, and corruption, requiring the implementation of effective financial measures.

The study investigates the interrelated roles of technological innovations, the adoption of International Public Sector Accounting Standards (IPSAS), and good governance as catalysts for sustainability in the public sector. A systematic literature review using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach was conducted on peer-reviewed publications from 2010. The year 2010 was chosen as the baseline due to the increasing prominence of IPSAS implementation across African countries. Data sources include Google Scholar, Elsevier, and Web of Science databases. The study revealed that technological innovation, IPSAS adoption, and good governance structures are mutually reinforcing elements that significantly contribute to the sustainability of the public sector. However, challenges such as limited digital capacity, weak institutional frameworks, and inconsistent enforcement of policies hinder progress in many developing countries. The study concludes that the adoption of IPSAS, innovative technology, and robust governance mechanisms are essential for sustainable public financial management and improved transparency in the public sector. It recommends developing a holistic governance framework aligned with IPSAS implementation and technological development to enhance accountability, efficiency, and long-term sustainability in the public sector.