This paper seeks to examine the impact of the Nigerian capital market on its economic growth from the period of 1990-2010. This means that the performance of the stock market is an impetus for economic growth and development. The economic growth was proxied by Gross Domestic Product (GDP) while the capital market variables considered include; Market Capitalization (MCAP), Total New Issues (TNI), Value of Transactions (VLT), and Total Listed Equities and Government Stocks (LEGS). Applying Joha...
The capital market in Nigeria had been influenced by various factors which are associated with the level of development of the Nigerian economy The paper discusses the development of the capital market with emphasis on the period since deregulation in 1986. The institutions that are crucial for the delivery of financial services in the market were analysed with focus on their evolution, performance and prospects. The. market in Nigeria was compared with other emerging markets with the concl...
This research work was embarked upon with a view to determine the contribution of the capital market on the economic development in Nigeria. The capital market was set up to achieve specific objectives which would boost the economy such as encourage domestic savings and increasing the quantity and quality of investments. The capital market offers access to a variety of financial instruments which are very essential for government and other institutions in need of long term funds. The data was...
The socio-political and economic world, as it exists and functions today, is increasingly shrinking and interconnecting itself into a globalized village; a veritable system or structure where all parts are assigned specific roles and functions to play. It is increasingly and absurdly metamorphosing into a major theater, where the actors are assigned, again, specific roles to play. The multiplier effects of this symbiosis are enormous as some had profited from this relationship, whilst other...
Road Transportation was viewed by the researcher as a sine qua non in the economy whether developed or developing. Road transportation is seen as the engine of an economy. It links producers, suppliers, consumers and commuters. But poor, ineffective and inefficient road transportation system have crippled development and the collapse of many economic and social activities which have resulted in dissatisfaction among the customers in the industry. This is characterized by poor management that ...
This study investigates the effects of ATM on the performance of Nigerian banks. Available studies have concentrated on the significant dimensions of ATM (automated teller machine) service quality and its effect on customer satisfaction with a bias against ATM producers. The study is motivated by the astronomical challenges confronting the proliferation of ATM infrastructure and attendant financial losss to banks which are often under-reported. Also, there are serious debate on the relevance ...
Professionalism in banking is violated when ethical or legal fundamentals are breached or blatantly disregarded. Ethics is a strong code of morality, which for an occupation such as banking, plays an important role in the well being of individuals, businesses, national and international economies. Unethical conduct manifests itself in various ways, including insider abuse, fraudulent dealings; irregularity/inaccuracy in rendition of reports, these are problems bordering on business ethics as ...
The influence of colonialism on Nigeria cannot be over emphasized. The influx of white explorers, traders and missionaries led to the development of settlements that differed from the traditional domestic environment. These new settlements were designed to reflect the norms, values and economic policies of the colonial masters.Africa, the land of blessed race, where the opportunists came to develop in order to colonize their resources for their good, was then left in vain hope(Allen, 2011). ...
This paper presents empirical findings on the impact of the industrial sector on the performance of firms in a culturally diverse nation like Nigeria. The main objective of the study is to determine the overall effect of the industry in which a firm operates in a multicultural economy on its performance. The study opines that the cultural diversity of the Nigerian citizenry could determine to an extent the performance of a given firm in an industry and how the national economic policies affec...
ABSTRACT Generally, policies and strategies of Nigerian government towards foreign direct investments are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria, foreign capital in the form of technical skills, entrepreneurship, technology and investment fund to boost economic activities thereby, rising the standard of living of Nigerian. The main issues in this paper rel...
Abstract: Given the hazardous nature of the construction industry world over, the need for an effective safety management system which aims at forestalling the risks and hazards inherent on site has been reiterated by recent studies and applicable laws. Studies however show that level of effectiveness differs from country to country; industry to industry and from company to company. This study therefore undertakes both qualitative and quantitative investigation into the safety management sy...
INTRODUCTION The growth and development of an economy, depends greatly on how the country’s capital market thrives. The capital market can be an important facilitator of economic growth (Applegarth, 2004). Osaze (2000) is of the view that the capital market drives any economy to growth and development because the long term growth capital formation stems from it. Economic growth in a modern economy hinges on an efficient financial sector that pools domestic savings and mobilizes foreign capi...
ABSTRACT The very essence of democracy and democratization and its practices anywhere in world resolves, and should of course, be contingent on the aspirations of the people which such government serves. However,the misfortunes of democratic project in Nigeria since the beginning of Nigeria’s nationhood is largely bereft of ideas, lack of progress, arbitrariness and the overall insulation of the people’s rights and privileges as enshrined in the Constitution. This tendency therefore corro...
ABSTRACT The media are an indispensable agent of development in any nation given their invaluable contribution to governance as a watchdog and partner in progress with other arms of government. In a developing country like Nigeria, the mass media have been instrumental to the delivery and consolidation of the current democratic experience. Within this context, this paper examines the role the media have played and continue to play in the socio-political and socio-economic reengineering of str...
ABSTRACT In spite of various reforms over the years, the Nigerian banking sector has continued to experience a number of bank failures. The period of 1994-2013 witnessed a wave of systemic distress culminating in another round of bank failures. Not-withstanding the heavy impact this ugly and recurring development has inflicted on this sector, the 2004 Banking Sector Reforms swept away 14 additional banks while the 2009 sanitization affected additional 7 commercial banks. The tenacity of ban...