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The study assessed the specific factor that determines the financial performance of the Nigerian brewery firms. The study
adopted an explanatory research design by which three firms out of the seven brewery firms quoted in the Nigerian Stock
Exchange, were randomly selected. Correlation analyses were used to analyze the data. The findings show that leverage,
liquidity and size each has a negative relationship with financial performance while age shows a positive relationship. The
study recommends that there is need to determine an optimal debt level which balances the benefits of debt against the costs
of debt and developing sound techniques of managing liquidity. Again firms should maintain moderate liquidity, to avoid the
effects of both shortage and excess liquidity

igerian brewery firms
Correlation analyses
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