In line with the assumption that banking sector plays an important role in financing the investment projects, successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However, despite the fact that Nigerian banks have undergone series
The Financial System in Nigeria: An Overview of Banking Sector Reforms The Financial System in Nigeria: An Overview of Banking Sector Reforms E. J. Ofanson (Ph.D)1 O. M. Aigbokhaevbolo (Ph.D)2 G. O. Enabulu3 Abstract The paper overviews the banking sector reforms within the framework of the Nigerian Financial System. A theoretical approach was adopted although empirical evidence was presented in some cases. It was clear that developments in the banking sub-sector of the Nigerian financial system
EFFECT OF MACRO ECONOMIC POLICY ON NIGERIAN ECONOMICS GROWTH AND DEVELOPMENT ABSTRACT This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy, also to determine how it enhances the growth of Nigerian Economy. The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data, source from Central Bank of Nigeria (CBN). Economic analysis was
Stable price level should be able to stimulate economic growth and development. It is in recognition of this that government at all times design appropriate measures as well as monetary institution with authority to formulate and implement policies aim at maintaining stable price level so as to achieve set macroeconomic objectives. The central bank of Nigeria is the apex monetary authority that formulates and implements monetary policy in Nigeria aim at achieving stable price. Given the number
BETWEEN STOCK MARKET AND MARKET ACTIVITIES DEVELOPMENT IN NIGERIA (1970 – 2014) BY OMENUGHA, NELSON – MAYOR CHAPTER TWO LITERATURE REVIEW 2.1 Introduction The aim of this chapter following the introduction in chapter one is to review the related literature of our subject matter. In this chapter, attempts will be made to review the theoretical and empirical issues. However, this chapter will be presented as follows. 2.2. The Rationale for Stock Market Development The Research and Market Development
MKIB 160 DEVELOPMENT OF INTERNATIONAL BUSINESS MKIB 160 DEVELOPMENT OF INTERNATIONAL BUSINESS Competitiveness of Oil and Gas Production Industry in Nigeria Competitiveness of Oil and Gas Production Industry in Nigeria LIST OF CONTENTS Introduction…………………………………………………………………. 3 Nigeria 1.1 Background of Country…………………………………………. 4 1.2 Economic Overview………………………………………………….. 4 1.3 Global Competitiveness…………………………………………. 5 Porter’s Diamond Framework
15, Issue 1/2012 103-111 The Role of Banks in Capital Formation and Economic Growth: The Case of Nigeria Alex Ehimare OMANKHANLEN Covenant University, Ota, Ogun State, NIGERIA alexehimare@yahoo.com Abstract: This study investigates the role of banks in capital formation and economic growth: The case of Nigeria for the period 1980-2009. The economies of all market-oriented nations depend on the efficient operation of complex and delicately balanced systems of money and credit. Banks are an indispensable
CHAPTER ONE OVERVIEW Nigeria, like many other African countries, was created from a multi-ethnic, socially and culturally diverse people, situated between the Equator and the tropic of cancer, its climate and vegetation can afford the growth of many tropical commodities such as cocoa, groundnuts, palm produce and rubber. Starting from a low technological base after political independence in 1960, the country embarked on the arduous task of building a state with one identity by integrating the different
underdeveloped countries required large amount of investments to embark on the path of economic development from the present state of backwardness. This theory is of the view that ‘bit by bit’ investment programmed will not lead to the path of economic development, rather through investing a specific amount can help in economic development. The theory is also of the view that in order for a country to achieve economic development, there must exist three indivisibilities in underdeveloped countries: i. Indivisibilities
Agricultural Economics of Nigeria: Paradoxes and Crossroads of Multimodal Nature Professor Eric C. Eboh Professor of Agricultural Economics University of Nigeria CONTENTS 1.0 ACKNOWLEDGEMENT 2 2.0 CONCEPTUAL APPROACH OF THIS INAUGURAL LECTURE 6 REFLECTIONS ON THE STRATEGIC ROLE OF AGRICULTURAL ECONOMY 8 3.0 4.0 5.0 AGRICULTURE FROM THE LOOKING GLASS OF MAN’S ECONOMIC HISTORY 16 AGRICULTURAL ECONOMY FROM PARADIGMATIC VIEWPOINTS ABOUT THE STATE VIS-A-VIS MARKET 21 6.0 NIGERIAN AGRICULTURE