Industry Characteristics: Sustainability and Profitability in the Financial Service Sector in Nigeria

Authors: AYOGOI, Simon Ayogoi PhD & ODOEMENAM, Ineye PhD

Affiliation: Niger Delta University, Wilberforce Island, Bayelas State, Nigeria

Corresponding Author: [email protected]

December 9, 2025

SIAR-Global Journal of Management & Business Review

Zenodo DOI: 10.5281/zenodo.17871726

Industry Characteristics: Sustainability and Profitability in the Financial Service Sector in Nigeria
Research Article Business

Abstract

The study examines the industry characteristics (environmental sustainability) and profitability in the financial service sector in Nigeria. The study aimed at examining the effect of sustainability on profitability in the service sector firms in the Nigeria Exchange Group (NXG). The study explored ex post facto research design. A population of 44 registered firms and a sample size of 29 with the use of purposive sampling technique was used. The study found that Sustainability has a positive and insignificant effect on Net Profit Margin (NPM) in the financial service sector in Nigeria. The study concluded that the positive insignificant effect of sustainability on net profit margin result implies that while using these variables might be important for the overall business strategy, they do not directly contribute to profitability in a statistically meaningful way within the financial service sector in Nigeria. The study recommended that firms should gradually adopt sustainability strategies such as green financing and environmental impact, aligning with global trends and investor expectations. 

Keywords

Environmental, Financial Sector, Net Profit, Sustainability

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How to Cite

AYOGOI, Simon Ayogoi PhD & ODOEMENAM, Ineye PhD (2025). Industry Characteristics: Sustainability and Profitability in the Financial Service Sector in Nigeria. SIAR-Global Journal of Management & Business Review, Vol. 1, No. 1. DOI: 10.5281/zenodo.17871726

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Article Information

  • Type: Research Article
  • Journal: SIAR-Global Journal of Management & Business Review
  • Subject Area: Business
  • Published: December 9, 2025
  • Volume: 1
  • Issue: 1
  • Word Count: Not specified
  • DOI: 10.5281/zenodo.17871726
  • Processing Fee: $35.00 USD

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