Upsets and Downfalls Nigeria has been a democracy since 1999 when the military handed over government power to elected officials. Since then, the countries electoral system has experienced many upsets and downfalls. This transition has been anything but smooth with large amounts of corruption within the country 's political and socio-economic system. Due to the ineffectiveness of governance, it has been extremely difficult for Nigeria to effectively democratize. In order to improve Nigeria’s corrupt
Introduction Nigeria as a country is located in Africa and it is the most populous country with about 170 million people. It is a nation comprising of more than 250 ethnic groups, 380 languages with different range of cultural, religious beliefs and practices according to WHO report of 2000. The country is divided into six geo-political zones, 36 States with the state further subdivided into a total of 774 Local Government Areas and a Federal Capital Territory. Public health information about Nigeria Nigeria
Mergers and Acquisitions have always been considered as a …………………….. and ever since the first merger in Nigeria in 1980, Merger and Acquisitions have occurred in most sectors of Nigerias economy. In 2004, the Central Bank of Nigeria in fulfillment of its mandate to Promote and maintain of monetary stability and a sound and efficient financial system in Nigeria rolled out a 13 point rolled out a 13-point reform agenda aimed at consolidating the banking sector and preventing the occurrence of systemic
FINANCE IN NIGERIA 3.0. Introduction: In this section the need for Microfinance is discussed; the emergence and development of microfinance in Nigeria is also reviewed. Finally the chapter discuss the ownership and beneficiaries of microfinance in Nigeria. 3.1. The Need for Microfinance: The unwillingness or inability of the formal financial institutions to provide financial services to the urban and rural poor, coupled with the un-sustainability of government sponsored development financial schemes
Indirect Rule Indirect rule emerged in Nigeria around 1900 when the British government established the Niger Committee, a council that investigated the state of future Nigerian territories. The Committee proposed that chiefs and their respective native institutions should be used in the administration of Nigeria. Such a proposal was prompted by several different groups within Britain who believed that indirect rule would be a more effective colonial system than the Crown Colony administration. These
Nigeria, with its prodigous oil and natural gas reserves, has the potential to be one of the most affluent places on the planet, were it not for the rampant corruption that defines it. Instead, it is the 20th poorest country in the world1. Much like the guanxi of China, Nigeria practices prebendalism—the use of high-level positions to gain personal wealth. In other words, people exchange money for political favors, which of course creates a greedy and corrupt society. The extent of this fraudulency
Impact of Industrial development on Nigeria stock market. The potentials of capital market in Nigeria as a catalyst to economic and industrial development cannot be over emphasized. The capital market as an internal part of a country’s financial system operates at the long end of the system to mobilize resources for long term development and growth. Basically, the capital market accelerates growth by providing ,relatively long term capital - debt and equity finance – for government and corporate
INTELLECTUAL CAPITAL AND CORPORATE PERFORMANCE IN NIGERIA BANKS Dr.Egungwu, Ikenna Banking & Finance Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ikennaegungwu@yahoo.com Egungwu, Ngozi Ursula Accountancy Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ngoziegungwu@yahoo.com Abstract This study is on the interaction between corporate performance variables and Intellectual capital
STATEMENT OF PROBLEM Nigeria is a country of promise that is hampered by a series of huge challenges. One of the most pervasive and destructive issues facing Nigeria is the chronic level of corruption. Africa’s most populous country with over 170 million people, modern Nigeria emerged from British colonialism gaining full independence in 1960. After many years of military rule, a 1999 constitution heralded a move to a civilian democratic government which has been in place ever since. (Africa:Nigeria
to foster meaningful macroeconomic stability,the rate of interest exacts its influence on the macro economy by transmitting through savings, investment, output, employment, money supply and balance of payment. As a return on investment in financial assets, interest rate serves as inducement to save and by extension influences the availability of savings. On the other hand, as cost of capital, interest rate affects the demand for and supply of credit (loanable funds). Changes in the rate