INTRODUCTION Background of Study The statement on study auditing standards defined internal control as being not only internal check and internal audit but the whole system of controls, financial or otherwise, establishment by management in order to secure, as far as possible, the accuracy and reliability of the records run the business in an orderly manner and safeguard the company’s assets its objective being the prevention or early detection of fraud and errors. One of the major factor b...
ABSTRACT The banking industry of the Nigerian economy is today passing through what might seem the roughest phase in its history. The wave of insolvency or distress in the sector is very unprecedented comparable only to what happened during the 1st era of bank failure in Nigeria 91953-1957) and the era of free banking (1892-1952) was such that generated under stand able apprehensive among the banking public. Because of the prominent and sensitive role the banking industry plays in the determi...
ABSTRACT This research work was aimed at determining the extent to which the use of man agreement information system will improve customer services in inter-continental bank with much emphasis on the impact of computerization of its operations. A structured questionnaire made up of a little combination of dictatorship and open ended questions was developed and distributed to a total number of 97 employees comprising of both make and female employees of inter-continental bank 5 Okpara Avenue...
INTRODUCTION The advance learners dictionary defines unemployment as the amount of labour unused. When a factor of production is not doing any job we say it is unemployed. Furthermore, unemployment can also be seen as the stage where people who are qualified, available, capable and willing to work but cannot find a job to do. In this project, we are going to concentrate mainly on the effect of unemployment on the Nigeria economy in particular. Emphasis on labour which is the mos...
INTRODUCTION The amount of the producer’s wealth is a guess depending on price, method, and level of out put and peace of production. Nigeria is an oil-producing nation, and oil occupies a very important position among the nations revenue sources. Its significance in the nations economy cannot be explained solely in terms of barrels produced and sold. Other important variables such as the dynamics of international energy markets the role of organization of petroleum exporting countries (OPE...
INTRODUCTION 1.1BACKGROUND OF THE STUDY The introduction of tax came into Nigeria in 1904 by Lord Lugard. The government has certain functions to perform for the benefits of those it governs. The scope of this function will depend among other thing on the political and economic orientation of members of a particular society at a given point in time. Thus among the traditional function of the government is the provision of collective or public goods that is goods that cannot be divided s...
INTRODUCTION 1.1BACKGROUND OF INFORMATION Agriculture is still most important sector of the country’s economy. It’s role in economic development can be traced back to, at-least to the mid-eighteenth century, and which was central to the early development of the analytical economics by Adam Smith, David Richardo, and Thomas Malthius, typically some 40 to 60 percent of the national income is produced in agriculture and from 50 to 80 percent of the labour force is engaged in agricultural p...
1.0INTRODUCTION 1.1BACKGROUND OF THE STUDY: The Trade Fair is one of business promotion tools used in sales promotion. There are different types of Trade Fair such as Commerce, Mines, Industry, Agricultural Fairs, these types of trade fairs are centered on the exhibition of particular products. Trade Fair normally holds on the first quarter of every year and organized with the support and co-operation of the Federal and State Government. It embraces all aspect of business and economic act...
INTRODUCTION 1.1 BACKGROUND OF THE STUDY During the pre and post-independence period, Nigeria markets were flooded with foreign goods including cosmetics. There was a great enthusiasm for specialization in importation for sale rather in local production scale. The scramble for the importation of ready-made goods into the country for sale was so great that people gave little attention for local production or even simple goods that was other wise very difficult to produce. Nigeria suddenly beca...
ABSTRACT The role of commercial bank in financing of Agricultural project in Enugu State, is a topic so crucial that interested parties in the work are many. It is very vital considering the role of commercial bank play in financing of agricultural project in Enugu State in sustaining the economy. This creditable role being played by the above bank economy of Enugu State and the position of agriculture in tdhe building of a virtue and a self reliant nation attracted the attention of the res...
ABSTRACT This project is a case study of inventory management functions as it practiced in seven – up Bottling Company PLC Aba. The research is an in – depth study of the situation at the company, in face of the prevailing conditions of non – availability of raw materials, scarcity of funds and general economic uncertainties in the nation. Chapter one gives the background information and operational definition of terms used in the study. And also, the research hypothesis, which wa...
ABSTRACT This project is poised to x= raying the degree of “the role of financial management in a corporate organization”. The main aim of every business is profit maximization. Care must therefore be taken to ensure that available finance for a business is well managed. This role is left in the hands of financial manager. In conducting the research on this topic, the researcher wishes to visit the Enugu office of the NICON insurance corporation NICON PLC and administer questionnaire ...
INTRODUCTION The central bank of Nigeria announced a new capital requirement for Nigeria banks of 25 billion Naira (about US & 181milion) this reflects an increase of from its previous 2billion Naira (Us & 14.5 million) The banks governor has explained that by this he plans to encourage merger and acquisition among the 89 banks currently operating in the country to consolidate and strengthen the nations banking industry. He also hoped that this development would ignite investors confidenc...
1.1BACKGROUND OF THE STUDY In Nigeria and in other developing countries like the problem of credit extension to the rural dwellers who cannot afford the much needed collateral being demanded by most financial institution has been such a persistent migraine case, that government after government have been making persistent efforts to remedy this situation. The financial needs of these rural dweller pose a double problem in that part from the risk inherent in such credit in extension, it is n...
INTRODUCTION 1.1THE GENERAL BACKGROUND OF THE STUDY: Market Trading Association comes into being in Nigeria between the late 1960s and 70s during this period the country had what is called “Organized Trading or Selling”. The purpose for the formation of these trading organizations was to ensure a fair and equitable dealing between members and customer. To support and help members during time of crises. To get amenities from the government and to check arbitrary increase in price, an...