This study examined the influence of cost efficiency on financial performance of listed manufacturing firms in Nigeria. This was achieved through the following specific objectives: to examine the effect of raw materials management efficiency to ascertain the influence of labour efficiency on financial performance of listed manufacturing firms in Nigeria; to determine the effect of overhead efficiency. The study used expost facto research design with sample size of ten (10) firms from 2015-2021. Secondary data were the main source of data collection; this was obtained from financial reports of the listed manufacturing firms. Multiple linear regressions was employed to test the hypotheses at 0.05 level of significance and statistical package for social science (SSPS version 20.0) was used to enhance data analysis. The findings of the study revealed that there was a significant positive effect of raw material efficiency on the financial performance of listed manufacturing firms in Nigeria; also, labour efficiency was also found to have a positive influence on financial performance of listed manufacturing firms in Nigeria. Based on the findings of the study, it was concluded that there is a significant influence between raw material efficiency, labour efficiency and overhead efficiency on financial performance of manufacturing firms in Nigeria. It was therefore recommended that; material cost should be reduced to the barest minimum since it is one of the integral components of cost of sale and this can be achieved by encouraging large scale merchandized production of the major raw material of the firm; It was also recommended that manufacturing firms should increase their resource commitment to training and re-training of staff and R&D so as to update their knowledge, develop their skills in modern manufacturing techniques.

Abdul, M. (2021) Effect of financial performance on cost efficiency using stochastic frontier approach. International Journal of Economic, Business and Management Research. Vol,5 No.01.

Bara, A. & Mudzingiri, C. (2016), Financial innovation and economic growth: evidence from Zimbabwe, Investment Management and Financial Innovations, 13 (2): 65-75.

Bellal, H. (2017). Cost and Profit Efficiency of Bangladeshi Commercial Banks: A Stochastic Frontier Approach. International Journal of Economic Behavior and Organization, 5(6), 131-142 15)

Cabinova, V., & Onuferova, E. (2019). Efficiency and financial performance evaluation of the medicalspa sector: An empirical study from Slovakia. Quality access to success vol.20, no 172

Dhaliwal, I, Duflo, E., Glennerster, R, & Tulloch, C. (2012).Comparative cost effectiveness analysis to inform policy in developing countries: A general framework with application for education policy in developing countries, 8: 22- 24

Douye, O., Gospel C., & Amos, N. (2022). Overhead expenses and financial performance of listed breweries in Nigeria: The moderating effect of board diligence. International Journal of Business & Law Research

Fischer, S. (2013). Material efficiency in companies of manufacturing industry: Classification of measures.11th Global conference on sustainable manufacturing, 23rd -25th September, Berlin, Germany. Gichuki, C. (2014). Effect of cost management strategies on the financial performance of

Hwai-Shuh S. (2012). Does Cost Efficiency Lead to Better Financial Performance? A Study on Taiwan International Tourist Hotels. Journal of Hospitality Financial Management,  20(1), 2-22

Hyunmin C., Kim Y., & Sungok M., (2022). The effect of labour flexibility on financial performance in Korea: the moderating effect of labour relations climate. Article on sustainability 12,2121.

Inseng, D. H. I. & Uford, I. C. (2019).Examining the contributions of customer-based and employee-based brand equity to a retail bank's market performance. The Retail and      Marketing Review (RMR), 15(1): 27-38.

Irina P., Aleksejs N., &Agnese K., (2016). Factors affecting cost efficiency in the dairy industry of Latvia. International conference on economic science for rural development.no 41

Izah, M., Nor, M. &Sudin, H. (2010). Cost and Profit Efficiency of the Malaysian Commercial Banks: A Comparison between Domestic and Foreign Banks.           International Journal of Economics and Finance, 2(1)

Khalifaturofi’ah, S. O. (2021). Cost efficiency, innovation and financial performance of   banks

in Indonesia. Management, Hayam Wuruk Perbanas University, Surabaya, Indonesia. Journal Masharif Al Syariah; 1 (2): 42-64.

Mamidu, Ishola & Akinola, Akinwumi, (2019). Cost management and corporate performance in quoted manufacturing companies in Nigeria. manufacturing companies listed on the Nairobi Securities Exchange. An  Unpublished M.Sc. Thesis, University of Nairobi, Kenya

Nwabgoso, J., (2017). Management accounting. Bukuru. Inspirationz media konzult

Oye A, (2014) Financial management (8thed). Lagos: El-Toda ventures ltd

Sasha S. &Matin K., (2014). Material efficiency management in manufacturing: 6th Swedish    production symposium conference

Sriyana, J. (2015) Islamic banks’ profitability amid the competitive financing in Indonesia, International Journal of Applied Business and Economic Research, 13 (4): 1695-1710.

Tuna, G. &Yildiz, S. (2016). The Impact of Operating Expenditures on Firm Performance in Turkey: Evidence from Technology Sector. EKOHOMNKA Original Scientific Article, 4, 1-16. doi:10.5937/ekonomika1604001T

Uford, I. C. (2017).Customer and employee- based brand equity driving United Bank for Africa’s market performance. Ph.D. Thesis, University of the Witwatersrand,       Johannesburg, South Africa, 1-227.

Uwah, U., Aji, I. A., & Iniabasi, E. (2023). Accounting Ratios and False Financial Statements Detection: Evidence from Nigerian Quoted Companies. AKSU Journal of Administration and Corporate Governance (AKSUJACOG), 3(1): 61-75.

Widiarti, A.W., Siregar, H. &Andati, T. (2015) The determinants of bank’s efficiency in Indonesia, Buletin Ekonomi Moneterdan Perbankan, 18 (2): 129-156.

Yuksel, S., Mukhtarov, S., Mammadov, E. &Ozsari (2018) Determinants of profitability in the banking sector: an analysis of post-Soviet countries, Economies, 6: 41-50

Zengin, Y. and Ada, E. (2010).Cost Management through product design: Target costing approach. International Journal of Production Research.3(1): 53-61