http://cirdjournals.com/index.php/biaj <p>Banking and Insurance Academic Journal (BIAJ) is a peer-reviewed scholarly publication that aims to advance the fields of banking and insurance through the dissemination of high-quality research. BIAJ seeks to contribute to the body of knowledge in banking and insurance by publishing cutting-edge research, comprehensive reviews, and case studies. The journal’s objective is to bridge the gap between academic theory and industry practice, fostering innovation, regulatory development, and best practices in these dynamic sectors.</p> <p>BIAJ’s editorial board comprises esteemed scholars and industry experts from around the world, bringing a wealth of experience and knowledge to the journal. The board is dedicated to maintaining the journal’s reputation for excellence and ensuring the publication of high-quality research</p> CIRD Publication en-US Banking and Insurance Academic Journal http://cirdjournals.com/index.php/biaj/article/view/1399 <p>This study investigates the effect of enterprise risk management (ERM) practices on corporate liquidity of firms listed on the Premium Board of the Nigerian Exchange Group over the period 2015–2024. Employing a panel data design and a census sampling approach covering eight listed firms, the study integrates cross-sectional and time-series data to control for firm-specific heterogeneity and temporal variations. Secondary data were sourced from annual reports and the NGX factbook, with Net Cash Flow (NCF) as a proxy for corporate liquidity. Independent variables included Enterprise Risk Assessment (ERA), Enterprise Risk Control (ERC), Enterprise Risk Monitoring (ERM), and Enterprise Risk Transfer (ERT). Panel regression analysis using the Ordinary Least Squares (OLS) method was employed to examine the relationship between ERM components and liquidity. Findings reveal that ERA significantly and negatively affects liquidity, indicating that extensive risk assessment may temporarily tie up cash resources. Conversely, ERC positively and significantly enhances liquidity, highlighting the importance of operational risk mitigation in safeguarding cash flows. ERM and ERT showed positive but statistically insignificant effects, suggesting that their impact is more strategic and long-term. The model explained approximately 71% of the variation in corporate liquidity, demonstrating the strong explanatory power of ERM practices. The study concludes that effective ERM, particularly risk control, is critical for maintaining corporate liquidity and financial stability. It recommends that firms prioritize actionable risk control measures, balance risk assessment with operational efficiency, and integrate monitoring and risk transfer strategies as complementary long-term practices. Adopting a holistic ERM framework aligned with corporate financial objectives can enhance liquidity and shareholder value creation.</p> Daniel James Egileoniso Mark Bekweri Edeh Marshal Iwedi Copyright (c) 2026 Banking and Insurance Academic Journal 2026-01-13 2026-01-13 6 1 1 13