Abstract: Bank of Botswana’s mission is to contribute towards the financial well being of the financial sector so that Botswana attains orderly, balanced and sustainable economic development (Bank of Botswana Annual Report, 2013). This, among other objectives, is directly intended to lead to the creation of many and varied financial enterprises in order to achieve total financial inclusivity of the entire population. Sadly, most of the Cash Loan Businesses (CLBs) are performing below expec...
ABSTRACT This study examined the implications of various cost of capital on the economic value added of quoted small and medium scale enterprises in Nigeria. Specifically, three costs were identified as follows: cost of debt, cost of equity and weighted average cost of capital. The general objective was to investigate the extent to which weighted average cost of capital influences economic value added of small and medium scale enterprises while the specific objective was to examine the i...
AbstractThis paper set out to examine the effect of non-performing loans (NPLs) on bank efficiency in Nigeria within the period, 2008 – 2017. The specific objectives were (i) to analyse the effect of non-performing loan ratio (NPLR) on bank efficiency, and (ii) to explore the effect of bank efficiency on non-performing loan ratio. In line with the specific objectives, two hypotheses were formulated. Data was gathered using purposive sampling techniques where the five big banks were chosen v...
AbstractThe paper reviewed various literatures on of cost of Capital to examine and identify the feasible methods for this phenomenon. The methodology of computation that has been in use for the period has not changed. Though different methods have been presented by the several writers but none has been generally accepted in literature. Most of the studies on cost of capital and information asymmetry used CAPM, while majority on other studies mostly used implied cost of capital (ICC).The obvi...
The purpose of this study is to discuss the concept of financial literacy as a vehicle for economic development in Nigeria. Individuals must have adequate knowledge of finance in order to work well in the field of economic decision making. Financial literacy is not a luxury nor a question of convenience. Rather, it has evolved into an essential tool for survival in today's market. This is owing to the fact that a lack or low level of financial understanding may lead to the selection and imple...
This work evaluates the extent banking system liquidity enhances financial distress resolution in Nigeria.
Abstract This study models time varying volatility in the Nigerian stock exchange (NSE) investigating whether it has been affected during the Covid-19 periods. We examined the persistence of volatility and the presence of leverage effects in Nigerian equity market before and during the period of Covid-19. It wad found that there is GARCH effects in the stock market before and during the Covid-19 periods. However volatility was pooling and spiky more during the Covid-19 giving the verdict that...
Abstract Regulators of financial institutions in most parts of the globe are making impressive achievements in terms of regulating the behavior of banks on the level of risk they can take in making investment decisions. Professionals in the finance industry have made a huge impact in trying to regulate these too-big-to-fail banks by drawing close lens in their lending activities. Aside from the reserve requirements of banks, there is also a capital requirement that caught the eyes of the...
This study investigates Stock Price Movements and the Value of firms in Nigeria using secondary data research design and pooled data study approach. Five firms were selected for the study between 2005 and 2015. Data were analysed using Ordinary Least Square (OLS) regression technique. Variables used were Shareholders’ Fund (dependent variable), Earnings Per Share, Dividend Per Share, and Return on Shareholders’ Funds. EPS shows a positive and significant relationship at Mobil Oil Nig Plc;...
In this study, the relationship between investment portfolio of banks and economic growth in Nigeria was examined. The work was designed to find out the structure and trend of bank investment portfolio in Nigeria and to establish the relationship between gross domestic product, unemployment rate, per capita income and bank investments in treasury bills, bonds and shares in Nigeria from 1985 to 2015. The desk research design was used and secondary data obtained from the Central Bank of Niger...
This study examines the causal relationship between stock market performance and economic growth in Nigeria for the period 1987 -2014, using annual secondary data. Economic growth is proxied by gross domestic product (GDP) while capital market performance is measured by market capitalization, total new issues, volume of transaction and listed equities. The objective is to empirically analyze, using link between capital market performance and economic growth (i.e. whether stock market perfor...
INTERNAL AUDIT SYSTEM AS A TOOL FOR IMPROVING PROFITABILITY OF A BANK “A case study of International Commercial Bank South Sudan Ltd” BY: JOB MADUT NUER MAROR Index no: 11-SMS-085 A Research Project Submitted in a Partial fulfillment for the requirement of the Award of Bachelor Degree of Science in Accounting DEPARTMENT OF ACCOUNTING SCHOOL OF MANAGEMENT SCIENCES UNIVERSITY OF JUBA 2017 DEDICATION This research is dedicated t...
Crypto currency 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 coweries as an analogy to strengthen a subjective view.
This study examined the effect of foreign portfolio investment on the performance of Nigerian capital market. The specific objectives are to investigate the impact of Net Foreign Portfolio Investment, Foreign Portfolio Investment in Equity, Foreign Portfolio Investment in Bonds, Foreign Portfolio in Government Securities and Nigerian Exchange Rate per US Dollar on the performance of Nigerian Capital Market. The required data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin...
Abstract This paper examined money supply and inflation in Nigeria. The objective was to examine the extent to which components of money supply affect Nigerian inflation rate. Time series data was sourced from Central Bank of Nigeria (CBN) statistical bulletin and Stock Exchange Factbook. Nigerian Real Inflation Rate was proxy for dependent (INFR) variables while Currency in Circulation (CR), Demand Deposit (DD), Time Deposit (TD), Savings Deposit (SD) and Net Foreign Asset (NFA) were used a...