CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Historically, Nigeria is largely an agrarian society; non-oil export (Agriculture) was the mainstay of the economy during the pre-colonial and colonial periods. Despite lack of modern farm implements which undermined the potential for large scale production, the sector was encouraging. Nigeria emerged in her first decade of her … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY One of the greatest challenges facing nations is how to achieve sustainable economic growth and development and formal articulation of how money affects economic growth dates back to the time of Adams Smith and later championed by the monetary economists (Adefeso and Mobolaji, 2010:13). This is … Read more
ABSTRACT This study examines the impact of microfinance activities on rural economic growth in Nigeria for the period: 2000-2015; the introduction of microfinance banks is the inability of commercial banks to provide sufficient credit, savings and other financial services to the poor and so have taken up the challenges of the gap created by them; … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Insurance is one of the cornerstones of modern-day financial services sector. In addition to its traditional role of managing risk, insurance market activity, both as intermediary and as provider of risk transfer and indemnification, may promote growth by allowing different risks to be managed more efficiently, promoting … Read more
Abstract Using annual time series data from 1980 to 2014, this study investigated the impact of government expenditure disaggregated into capital (CEXP) and recurrent (REXP) on GDP Per Capita (GDPPC), inflation (INF), unemployment (UNEMP), and Gini index (GINCO, proxy for poverty) respectively to construct principally four econometrics models. The study adopted the ex-post facto … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria in the last few years had clamored for foreign portfolio investment in the country. This is believed to be a facilitator of economic growth and development, which leads to industrialization of the economy in the long run (Adeleke, Olowe & Fasesin, 2014). Foreign portfolio investment means … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY There is scarcely any country that lives in absolute isolation in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets, made possible through trade and foreign exchange. The price of foreign currencies in terms of … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY One of the activities of financial institutions (banks) involves intermediating between the surplus and deficit sectors of the economy. According to Bencivenga and Smith (1991), the basic activities of banks are acceptance of deposits and lending to a large number of agents, holding of liquid reserves against predictable … Read more
INTRODUCTION Dividend policy has been an issue of interest in financial literature especially in the context of quoted firms, whose shareholders spread across different income group, tax bracket and other classification that could significantly affect dividend decisions of the firm. Dividend is commonly defined as the distribution of earnings (past or present) in real assets … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Risk is the possibility of loss or the chances of loss resulting from unfortunate occurrence or event. Risk is always at the center of our life. This means that for every human endeavor, there is risk as a result of our different economic pursuit. Risk management is … Read more