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Articles 1 - 17 of 17
Full-Text Articles in Business
Agribusiness, The Environment And Sustainable Economic Growth In Nigeria., G. E. Ukpong Dr,, G. O. Evbuomwan, E. U. Ukeke, F. O. Afemo
Agribusiness, The Environment And Sustainable Economic Growth In Nigeria., G. E. Ukpong Dr,, G. O. Evbuomwan, E. U. Ukeke, F. O. Afemo
Bullion
The paper reviewed the performance of agribusiness in Nigeria in recent years and some major environmental problems which affected it, with a view to making some suggestions capable of fostering sustainable environment and growth of agribusiness in the interest of all economic agents.
On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi
On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi
Bullion
The paper analyses the real issue in Universal Banking. Highlighting the global spread, the concept, the alternative approaches to Universal Banking as while the pros and cons. The author of the view that Universal Banking cannot deal with the inefficiencies and distortions in the system nor will it make a distressed merchant bank viable.
Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit
Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit
Bullion
The rapidly unfolding development's in the world economy in recent times, have led to resurgent calls for moves towards currency convertibility (basically, the unrestricted use of a country's currency for international transactions, allowing it to be freely exchanged for foreign currencies) as a part of the process of integration into the world market economy. This paper seeks to discuss the issues and prospects of naira convertibility. The paper is divided into four parts. Part 1 discusses the various concepts of and preconditions for currency convertibility. Part II, evaluates Nigeria's economic conditions in relation to the issue of convertibility. In Part …
A Comparative Review Of The Major Options For The Marketing Of Nigeria's Agricultural Commodities, M. O. Ojo, E. E. Inang, E. U. Ukeje
A Comparative Review Of The Major Options For The Marketing Of Nigeria's Agricultural Commodities, M. O. Ojo, E. E. Inang, E. U. Ukeje
CBN Occasional Papers
The main aim of the paper is to critically review past commodity marketing systems in Nigeria, highlight some of the weaknesses which constrained their efficiency, as well as assess the performance of the present system and determine the advisability of retaining or modifying the present marketing arrangement. The performance of the Commodity Boards before their abolition in 1986 was adjudged unsatisfactory. However, since the abolition of the Boards, it has been observed that the new produce marketing arrangement has introduced some dynamism into commodity pricing as produce prices for the first time have been determined by the combined forces of …
Towards Improved Competitiveness Of The Economies Of The West African Economic And Monetary Union, E. O. Akinnifesi
Towards Improved Competitiveness Of The Economies Of The West African Economic And Monetary Union, E. O. Akinnifesi
CBN Occasional Papers
As is well known, a monetary union with a common currency confers on its members the advantage of fixed exchange rate and consequent relative price stability. While these advantages held sway up to the mid-1980s in the case of the seven member countries of the CEA franc zone in West Africa, the vulnerability of the zone to external shocks became manifest from the second half of the 1980s. Fairly persistent overvaluation of the CEA franc over time had weakened the competitiveness of the export sector leading to several economic problems including domestic and external debt arrears, capital flight, and negative …
Structural Adjustment Programmes And External Trade In Developing Countries: Lessons For Nigeria, E. E. Inang
Structural Adjustment Programmes And External Trade In Developing Countries: Lessons For Nigeria, E. E. Inang
Economic and Financial Review
The failure of trade liberalization in developing countries is attributed to the economic dependency relationships initiated during the colonization period when the developed countries exploited their colonies as a source of cheap raw materials. After independence, and especially in the 1970s and 1980s, most sub-Saharan African countries experienced stagnation and decline in their share of world trade. The introduction of the structural adjustment programmes with its attendant trade liberalization prescriptions has further worsened the terms of trade in developing countries. Neither complete trade liberalization nor complete protectionism can be of benefit to developing countries. These countries need to reduce the …
Trends In Nigeria's Balance Of Payments (1980 - 1994), E. U. Olisadebe
Trends In Nigeria's Balance Of Payments (1980 - 1994), E. U. Olisadebe
Economic and Financial Review
This paper examines trends in Nigeria's balance of payments. Factors which have contributed to the continuous weakness of Nigeria's balance of payments include the poor performance of non-oil exports, fluctuations in crude oil prices, payments for the provision of international services, e.g., shipping, insurance, tourism, the low level of income from direct Nigerian investments abroad and high debt service payments. More fandamental problems underlie these factors.' a hostile international environment; a deterioration in terms of trade; a huge external debt servicing; slippages in fiscal and monetary policies and inappropriate exchange and interest rate policies. The failure of policy reforms to …
Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu
Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu
Economic and Financial Review
The purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and …
Intersectoral Financing In Nigeria, 1989 - 1992, Central Bank Of Nigeria Cbn
Intersectoral Financing In Nigeria, 1989 - 1992, Central Bank Of Nigeria Cbn
Economic and Financial Review
Policy changes following the Structural Adjustment Programme (SAP) have had remarkable effects on the movement of funds between major sectors of the economy. The behaviour of economic aggregates over the period 1989 - 1992 showed that large transactions occurred in government debt instruments, the domestic loans and advances market and currency and deposits of financial system. Fund flowed from the households sector to the Federal Government and business sectors. The financial sector re/arms, including the interest rates deregulation, resulted in domestic savings exceeding capital formation, and contributed to the expansion in money supply. Lending activity of the banking system showed …
The Challenges For Economic Management In Nigeria, M. O. Ojo
The Challenges For Economic Management In Nigeria, M. O. Ojo
Economic and Financial Review
The paper undertakes a critical evaluation of economic management strategies and associated programmes in Nigeria in the last twenty-five years in the context of its overall goals of increased prosperity for the populace, equitable distribution of achieved prosperity and sustaining the levels of living standards. The findings indicate negative outcomes in respect of these basic objectives. The paper then identifies some critical areas of economic management that have constrained full commitment to the pursuit of the primary goals as a result of which some policy recommendations are proposed. These include the need for macroeconomic stability, reduction and rationalisation of public …
Budget Of Renewal 1995, Sani Abacha General
Budget Of Renewal 1995, Sani Abacha General
Bullion
The paper contains the 1995 Budget speech of the Head of State and Commander-in-Chief of the Armed Forces of Nigeria, General Sani Abacha.
Fiscal Policy Issues And Expenditure Programme Under The 1995 Federal Budget., Okunrounmu T. O.
Fiscal Policy Issues And Expenditure Programme Under The 1995 Federal Budget., Okunrounmu T. O.
Bullion
This paper examines the role of the Federal government of Nigeria in the management of the economy through budgeting. This paper was discussed in sections. Section I reviews the fiscal policy issues of the budget while Part II analyses the expenditure programme of the budget. Part III appraises briefly the prospects of achieving the macroeconomic objectives proposed In the budget. The paper is concluded with a summary.
The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi
The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi
Economic and Financial Review
Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.
A Review And Analysis Of Agricultural Prices In Nigeria, 1977 - 1993, O. O. Akanji, E. U. Ukeje
A Review And Analysis Of Agricultural Prices In Nigeria, 1977 - 1993, O. O. Akanji, E. U. Ukeje
Economic and Financial Review
This paper reviews and analyses the various prices that have been in existence in the agricultural sector since the re-organization of the produce marketing system in 1977 to the present free market system. It was observed that a close relationship existed between the market prices and the determined prices. However, some upward revisions in the official prices were found to be neither rational nor based on any concrete study. Moreso, most commodities were implicitly taxed during the period 1977-1985. The increases in the prices recorded between 1986 1993 due to market liberalization had an added problem of marketing. The domestic …
Eradication Of Banking Malpractices In Nigeria: Will Law Alone Succeed?, I. Joe Goldface-Irokalibe
Eradication Of Banking Malpractices In Nigeria: Will Law Alone Succeed?, I. Joe Goldface-Irokalibe
Economic and Financial Review
The place of banks in the economic life of any nation is so strategic that every effort is made by the appropriate national authorities to regulate and effectively supervise banking business. This objective is often achieved through the mechanism of laws designed to purge the banking system of diverse frauds, and malpractices. This paper presents a general compendium of the socio-economic, as well as the cultural background that foster and sustain banking frauds and diverse malpractices in Nigeria. This is followed by an analysis of the various types of malpractices prevalent in the banking system, among which are malpractices by …
Human Development Report 1994 By The United Nations Development Programme (Undp), New York, A. I. Arinze
Human Development Report 1994 By The United Nations Development Programme (Undp), New York, A. I. Arinze
Economic and Financial Review
The central focus of the UNDP 1994 Human Development Report on sustainable human development makes its review essential due to the current global concern on sustainable economic development. The 1994 UNDP Human Development Report is divided into five major chapters. Chapter one defines the universalism of life claims and emphasizes the need for strategic planning towards sustainable human development. Chapter two highlights four essential characteristics of the new dimensions of human security, names two main components of human security and identifies eight threats to human security. Chapter three discusses disarmament in industrial and developing countries and the future of world …
Open Market Operations In 1994, P. A. Akatu, S. N. Ibeabuchi
Open Market Operations In 1994, P. A. Akatu, S. N. Ibeabuchi
Economic and Financial Review
In line with the objectives of the monetary policy in 1994, the CBN achieved a substantial reduction of its holding of treasury bills through open market operations that were aimed at slowing down the growth of base money and money supply. While the volume of open market sales suffered apparently from the initial market reactions to the budget for fiscal 1994 and later the political and industrial unrest, such sales reached record levels in the fourth quarter of the year. However, OMO largely responded to the short-term portfolio preferences of banks and did not translate into an overall pressure on …