ABSTRACT This study centred on the Determinants of Investment in the Nigerian Economy: An Empirical Approach, 1981 – 2009. In attempt to achieve the objective, hypotheses were formulated and data for the study collected from the CBN statistical bulletin, annual report and statements of accounts, covering the period of 1981-2009. The data were analyzed using E-views econometric software under the ordinary least square (OLS) regression analysis. The study revealed that there is a significant...
ABSTRACT This study investigates the effect of credit risk management enhances on the performance of the Nigerian banking industry with specific attention on management efficiency measured by return on asset (ROA) and return to shareholders measured by return on equity (ROE). The study is motivated by the increased concern based on research findings which seem to have isolated increasing portfolio of non-performing credit as a casual factor of bank failures globally. The validity of the abov...
ABSTRACT This study evaluated the effects of monetary policy instruments on private sector credits by banks in a globalized economy covering a period of twenty years, from 1986-2005. Six major monetary policy instruments namely cash reserve ratio, liquidity ratio, interest rate; minimum rediscount rate, treasury bill rate and money supply were employed explanatory variables while bank total loans and advances serves as the dependent variable or bank credit. Adopting the multiple regres...
ABSTRACT This research examined the impact of value added tax (VAT) on economic growth of Nigeria. The aim of this study is to examine the contributions of the VAT in the economic growth of Nigeria. Data used in this study was mainly from secondary source principally the Central Bank of Nigeria and the Bureau of Statistics. The study employed a time series date for a twenty year period 1995 – 2014. The data was analyzed using the regression statistical model. The model assisted in testing...
ABSTRACT This study is an appraisal of the impact of capital structure on the performance of manufacturing firms in Nigeria. The work attempts to examine the contributions of capital structure on corporate performance. It is prompted by the observation that the capital structure of most companies in Nigeria is sub-optimal and this accounts, in part, for the poor performance of many of the corporations, which has led some to liquidation. Data were collected through primary and secondary...
ABSTRACT The economy of Nigeria has a strong external orientation. It is characterized by heavy dependence on the export of one or a few product. The products find markets in the developed countries where ironically there is a small control over the prices of the exports. As a result of this, the Nigerian economy is vulnerable to external shock. This calls for effective tools for managing the external sector. The main focus of this study has been to evaluate the effectiveness a...
ABSTRACT This study investigated the impact of credit administration on bank performance. The explanatory variables were liquidity ratio, cash reserve ratio, loans-to-deposit ratio and bank loans and advances regressed on bank profitability as the dependent variable. Through the multiple regression models, the four hypotheses were tested out of which two stated in null form were rejected while the remaining two were accepted. The results showed the major findings to include the exi...
ABSTRACT This work evaluated the extent to which various sources of funds are used in financing public sector projects in Imo State. The study was motivated by the ever increasing cases of inadequate project financing and financial management, which has created problems of illiquidity, insolvency and abandonment in the public sector. The objective among others, is to assess the extent to which mixed-financing options can be used to enhance the availability of both short and long term ...
ABSTRACT This study is aimed at investigating the influence of bank credit on bank performance, covering the period, 1993 – 2004. While loans and advances were the proxies for bank credit, the profit after tax represented bank performance, for the period under investigation. Three Hypotheses were tested using the Regression Model as our Main tool of analysis. The first two hypotheses employed a simple regression model, while the hypotheses three, which tried to establish the join...
ABSTRACT This study on the impact of capital market on industrial development of Nigeria, covered the period, 1986-2005. Employing the ordinary least square regression analysis, all the four hypotheses proved significant even at 0% alpha level, thus suggesting that the models were wellspecified. The major findings are that the capital market exhibits a significant relationship with the levels of industrial development, fixed capital investments, new issues or capital formation and Nige...
ABSTRACT This study on the Impact of External Debt on Growth and Development of the Nigerian Economy from 1980-2001. The study is therefore necessitated by the need to find solution to the increasing external debt stock and service payments, which have become a constraining factor to economic growth. To find out how Nigeria has effectively managed her external debt and to identify the factors responsible for the inability of the Nigerian economy to expand irrespective of the increa...
ABSTRACT Most economic rationale for granting special incentive for attracting foreign direct investment [FDI], is based on the belief that FDI bridges the “Ideal gaps” between the rich and the poor nations, in addition to the generation of technological transfer and spillovers. Empirical literature however finds controversial, the effect of FDI on productivity growth. This work contributes to the existing studies by applying correlation and causality test in exploring the possible links...
ABSTRACT This study investigated the impact of liquidity management on banks’ profitability, covering a period of fifteen years, from 1990 – 2004. Three explanatory variables were selected as proxies for liquidity management (short term fund, loanable funds and cash) in order to assess their impact on banks’ profitability. The result of the linear multiple regression analysis confirms the existence of a significant relationship between liquidity management and banks’ profi...
ABSTRACT The purpose of this study is to determine if there is significant increase in output of the Nigerian farmers after micro credit loan had been obtained. The study made use of secondary data predominantly, especially data from the Nigeria Agricultural Co operative and Rural Development (NACRDB). The Statistical tool used in the analysis are : Difference between tow means of X and Y variable; spearman correlation coefficient of variations and finally the Z test. At the end o...
ABSTRACT The study is an investigation into the impact of monetary policy measures on bank credit, covering the period, 1980 – 2003. Specifically, we examined the influence of each of the following instruments namely, liquidity ratio, interest rate, cash reserve requirement, minimum rediscount rate and treasury bill on bank credit. Two major statistical tools were adopted, while a time-series analysis was conducted to observe the movement of these named variables as against the m...