THE IMPACT OF MONETARY POLICY ON COMMERCIAL BANK LENDING IN NIGERIA (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The importance of monetary policy in the economic development of developing countries has attracted a lot of attention in recent years. The perverse effect of interest rate controls, overvalued exchange rates, controlled lending and other control variables have led to a large volume of research relating to monetary […]

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THE IMPACT OF INFORMATION TECHNOLOGY ON THE GROWTH AND DEVELOPMENT OF BANKING INDUSTRY IN NIGERIA. A CASE STUDY OF UNITED BAN FOR AFRICA PLC (BA), FIRST BANK OF NIGERIA PLC (FBN) AND ZENITH BANK PLC

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Information to a modern organization is a resource that is parallel in importance to land, labour and capital. It is a very vital and priceless resource. For centuries, man has tried to collate, store, process and retrieve information, and most importantly distribute or communicate it via the […]

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THE IMPACT OF EXTERNAL DEBT MANAGEMENT ON THE NIGERIA ECONOMY

                                       CHAPTER ONE                                        INTRODUCTION 1.1       BACKGROUND OF THE STUDY It is generally expected that developing countries, facing scarcity of capital, will acquire external debt to supplement domestic saving. The rate at which they borrow externally—the “sustainable” level of foreign borrowing—depends on the links among external and domestic saving, investment, and economic growth. The main […]

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THE IMPACT OF DIVIDEND AND CORPORATE EARNINGS ON STOCK PRICES

CHAPTER ONE INTRODUCTION   1.1       BACKGROUND OF THE STUDY In a competitive economy, it is clear that investments are undertaken due to the available benefits perceived or which they provide to the investors.  Investment in securities are for the purpose of earning income which could be in form of dividends, profits or/capital gains. With this […]

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THE IMPACT OF DEBT FINANCING ON VALUE OF NIGERIAN FIRMS

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Modigliani-Miller theorem is one of the cornerstones of modern corporate finance. At its heart, the theorem is an irrelevance proposition; the Modigliani-Miller theorem provides conditions under which a firm’s financial mix does not affect its value. No wonder, Modigliani (1980, xiii) explains the theorem as follows: […]

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THE IMPACT OF CAPITALIZATION ON THE BANKING INDUSTRY AND THE NIGERIAN ECONOMY (AN EVALUATION)

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY The ultimate strength of a bank lies in its capital fund. Banking, like any other business, requires adequate capital to function effectively (Nwankwo, 1991:45). Though by nature, banking is a highly leveraged industry, the degree of leverage averaging 88% and 95% in the United States, compared with […]

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THE IMPACT OF AGRICULTURAL CREDIT ON AGRICULTURAL PRODUCTIVITY IN NIGERIA

CHAPTER ONE INTRODUCTION 1.1       Background of the Study Agricultural Production in Nigeria is progressively on the decline in terms of its contribution to the Gross Domestic Product (GDP) as well as satisfying the country’s food requirement, despite the fact that about 70 per cent of the population engage in agriculture, thus Nigeria agricultural sector is […]

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IMPACT OF WORKING CAPITAL MANAGEMENT ON THE PROFITABILITY OF QUOTED CONSUMER GOODS COMPANIES IN NIGERIA

CHAPTER ONE INTRODUCTION 1.1       Background of the Study The Nigerian Economy is faced with several factors which could impede the speed of having a huge return on the resources employed by the firms and companies. As a result, however, proper initiative and capital (resource) management is required. It is worthy to note that out of […]

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IMPACT OF TAX REVENUE ON NIGERIA’S ECONOMIC GROWTH

CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The Nigerian government like other countries of the world has legislative powers to impose on its citizens, any form of tax and at whatever rate it deems appropriate. Nigeria has a mixed economy i.e, government undertakes commercial investments alongside the private sector. Economists generally agree that there is […]

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IMPACT OF OIL PRICE MOVEMENT ON THE NIGERIAN STOCK MARKET

CHAPTER ONE INTRODUCTION 1.1   Background to the Study From the middle of twentieth century onwards, crude oil has become one of the main indicators of economic activity worldwide, due to its outstanding importance in the supply of the world’s energy demands. Nigeria as one of the major suppliers of crude oil in the international market […]

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