Effect of Foreign Direct Investments on Financial Performance of Selected Maritime Companies in Nigeria

Abstract

This study examined the effect of Foreign Direct Investments on Financial Performance of selected Maritime Companies in Nigeria. Most scholars believe that increase in the stock of foreign direct investments will have a positive influence on Maritime Companies. The study used secondary data obtained from World Bank, NPA bulletin, the CBN and Published financial statements of three selected maritime companies in Nigeria namely AP Moller Maersk Line Limited. Royal Dutch Lines (Shell) and Totalfina Energies SE. The dependent and independent variables that covered 2001 to 2022 were subjected various econometric tests at the 5% and 1% level of significance. The result shows that Foreign direct investment (FDI) , Exchange rate (EXR) and Inflation (INF) impacted positively on Return on equity of the maritime companies Nigeria The study concludes that FDI has a positively significant effect on the financial Performance of Maritime companies in Nigeria and recommends the establishment of effective policy frameworks to maximize the positive impacts of FDI while mitigating the potential