Corporate failures in Nigeria’s dynamic environment: Evidence and insights

Otubelu Emily N; Onodugo Ifeanyi Chris; Ezeamama Martins; Akubuilo Francis

Corporate failures in Nigeria’s dynamic environment: Evidence and insights

Authors
Otubelu Emily N, Onodugo Ifeanyi Chris, Ezeamama Martins, Akubuilo Francis

Abstract
Nigeria’s business environment in the recent years has been colored with fear and uncertainty leading to collapse and corporate failures. Corporate failure is of very important interest as its economic and social effects can be disastrous. This paper examined corporate failures in Nigeria’s dynamic business environment with focus on the nature and challenges of Nigeria’s business environment, causes of corporate failure, symptoms of corporate failure with evidences and insights. It was found that the Nigeria’s business environment is characterized by uncertainty policy instability and bad/poor corporate governance. It was recommended that corporate entities must practice and commit to a high standard of corporate governance. This paper therefore concludes that a strong corporate governance culture in an organization encourages success and business sustainability.

Download | Pages : 04-09