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The study ascertain the relationship average payment period on operating cash flow consumer goods manufacturing firms in Nigeria. Ex-post facto research design was adopted. The sample size of the study was twenty quoted consumer goods firms purposively drawn from all the manufacturing firms. Using annual reports and accounts, data were obtained from annual financial reports and accounts and panel data regression was employed for testing the data. The study results showed that average payment period had a negative significant effect on investing cash flow. The study therefore recommended that bank managers need to ensure that payments for credit purchases are such that do not jeopardise the cash position of the firm; and, at the same time maintain good credit terms with its suppliers.

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Ndum, Ngozi B., & Ezejiofor, Raymond A. (2021). Average Payment Period and investing Cash Flow of Quoted Consumer Goods Manufacturing Firms in Nigeria . GIS Business, 16(2), 172-183. Retrieved from