THE RELATIONSHIP BETWEEN IFRS COMPLIANCE AND FOREIGN INVESTMENT TRENDS IN NIGERIA

The study examined impact of International Financial Reporting Standard (IFRS) on foreign equity investment in Nigeria. The specific objectives were to examine the impact of International Financial Reporting Standard (IFRS) on foreign equity investment in Nigeria from manufacturing sector of the economy and to ascertain the impact of International Financial Reporting Standard (IFRS) on foreign equity investment in Nigeria from telecommunication sector of the economy. The study adopted ex-post facto research design. The study data was sourced from Central Bank of Nigeria. The stated hypotheses were analysed with simple regression. The finding of the study revealed that International Financial Reporting Standard (IFRS) has positive and insignificant impact on foreign equity investment in Nigeria from manufacturing sector of the economy, International Financial Reporting Standard (IFRS) has positive and insignificant impact on foreign equity investment in Nigeria from Oil and Gas sector of the economy. It was recommended that manufacturing sector should fully implement international financial reporting standards in order to maximize its influence on their relative impact on performance cannot be undermined