Components of Financial Information and of Firms Profitability in Nigeria

The main purpose of the study is to examine components of financial information and firm profitability in Nigeria. After exhaustive literature review, secondary data was sourced from First bank Nigeria Plc. Components of financial information is proxied with current asset, total equity and non-current asset while profitability is proxied with profit after tax which is the dependent variable. The study employed ordinary least square (OLS) using SPSS statistical package. Findings reveal that there is positive and insignificant effect of current asset on profit after tax of Firms in Nigeria. There is Positive and significant effect of total equity on profit after tax of Firms in Nigeria. There is negative and significant effect of non-current asset on profit after tax of Firms in Nigeria. As a result, we deduced and concluded that components of financial information have a positive and significant effect on firm’s performance in Nigeria. The study therefore recommends that Firms should optimize their working capital management by reducing idle current assets and channeling them into more profitable investments.