This study examined the relevance of Islamic financing Instruments on COVID 19 Recession as it affects different sectors of the economy in Nigeria. A comparative analyses of the Islamic Finance Instruments such as Musharakah, (Equity Sharing) ,Mudarabah, (Silent partnership),Murabahah(Cost Plus),Salam, (Forward Sale) , Istisna (Manufacturing Financing), Ijarah (Leasing), Partnership) Al-Musaqat, (Contract of Irrigation) Qard Hassan (Beneficence Loans) ,Wakalah, (Agency contract) funds fo...
Cryptocurrency is rapidly attracting the eyes of the modern man, the average spender, whether for investment returns or commercial convenience. However, it goes without saying that to every advantage there is a disadvantage. Thus, this paper summarily highlights the demerits of Bitcoin as a type of cryptocurrency and concludes with a form of poetic justice with cowries as an analogy to strengthen a subjective view.
Bank sector crisis across the globe is largely blamed on the joint effort of bank liquidity and bank credit risks. And so, the twin concepts of liquidity and credit risks have come under keen academic scrutiny, especially in investment finance. Contributing to extant literature on these developments, secondary data were obtained from the websites of nine banks in Ghana, spanning 2008 to 2018, to determine how liquidity and credit risks separately and interactively impact bank stability in Gha...
This type of analysis was used to summarize the two largest banks Banco De Oro Unibank and the Metropolitan Bank and Trust Company. This study will show their marketing aspects of how these types of banks run and differ from each other. The findings showed that both banks have a good performance during the period studied. In terms of bank capital and assets, the leading bank here in our country is the Banco De Oro Unibank, then next in the lead is the Metropolitan Bank and Trust Company. The ...
Using stochastic frontier technique, this study examined the changes in the profit efficiency of Nigerian banks after the recapitalization exercise of central bank of Nigeria for the period 2006 to 2008. The results showed that the estimated profit efficiency scores for 2006, 2007 and 2008 for troubled banks were 0.79, 0.89 and 0.94, respectively while corresponding values for healthy banks were 0.47, 0.66 and 0.81. Average efficiency score of all sampled banks were 0.59, 0.75 and 0.86 fo...
Banking in Nigeria has undergone remarkable changes since 2005 bank consolidation. The era of arm chair banking has gone. It has become a different ball game in terms of competition and its inherent strategies. This transition eventually brings the Nigerian banks to be in need of capital, asset creation, earnings, liquidity and the management to manage the risk exposure of the aforementioned. In this era of banking, customers must know and understand their banks so that they can differe...
This paper develops a theoretical model to demonstrate that the firm’s payout/investment decision may be affected by the relative magnitude of dividend and repurchasing premia. The model shows that the manager of high-quality firm may pass up a positive NPV project in order to cater to investors’ demand for dividends or share repurchases (adverse selection problem) if the catering premia are substantial. On the other hand, the manager of low-quality firm may have strong incentives...
This paper argues for reconsideration and reevaluation of the underlying assumptions and paradigms of the world capitalist system in particular and that of economics in general. This is against the backdrop of an increasing discontent of majority of the world’s people against the growing inequality between the rich and the poor. It contends that the genesis of the problem is rooted in the concept of the selfish, individuated economic man, which has fueled our appetite for greed, sel...
This work is to evaluate the performance and roles of the NSE as an agent of development of the Nigeria economy in which the commercial banks is one of the major institutions, through the promotions of a flexible active and dynamic stock exchange market.
Government in Nigeria be it federal state or local are always faced with similar problem of funding. Islamic financial instruments have been regarded as an attractive alternative to traditional financial instruments. The funding requirement by the government are available but not necessarily healthy and cheap as they are mostly being characterized with high interest rates, unimaginable charges or even stringent repayment plans. Also Islamic financial instrument such as Sukuk generated a lot...
This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error...
It is estimated by UNICEF that 71% OF Nigerians live below a dollar per day and 92% on 2 dollars per day. This estimate shows the high level of poverty in the country. The social responsibility of any microfinance bank is to help alleviate poverty by filling the void created by conventional banks through provision of broad range of finance (ranging from savings to micro loans) to the under-banked, people with little or no access to proper financing. The microfinance Industry in Nige...
This study examines the performance of the Nigerian money deposit banks for the period 2008 to 2012. Past studies attempted to measure the performance and efficiency of the banking industry using different kinds of performance indicators such as outputs, costs, financial measures, economic measures to include Total Factor Productivity (TPF) among others. But in this study, the researchers focused on another aspect by adopting the Performance Indexing Model developed by Suat, Dilek & Oya (2011...
ABSTRACT This proposal is purely based on corporate governance and Bank failure in Nigeria and to see if a significant relationship exists between corporate governance and Banks failure. Corporate governance, as a concept, can be viewed from at least two perspectives. The narrow view is concerned with the structures within a corporate entity or enterprise receives its basic orientation and direction. The broad perspective is regarded as being the heart of both a market economy and a democrat...
ABSTRACT This paper focuses on the recent Sanusi’s banking sector policies towards bank consolidation and efficient services delivery in Nigeria banking industry. One of the most challenging debates of modern history is whether financial development causes economic growth or a consequence of economic activity. There are on-going reforms in the sector in Nigeria, thus the importance of a review of the various reforms. Evidence as to whether and how reforms are remedying the traditiona...