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Social and Behavioral Sciences Commons™

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Economics

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Bullion

Journal

2015

Articles 1 - 11 of 11

Full-Text Articles in Social and Behavioral Sciences

Financial Soundness Indicators: The Case Of Nigeria, Baba N. Yaaba, Idris Adamu Dec 2015

Financial Soundness Indicators: The Case Of Nigeria, Baba N. Yaaba, Idris Adamu

Bullion

This paper adopted the concept as designed by the Fund to examine the soundness of the Nigeria Banking Sector from 3007Q1 to 20014Q4. From the result of the financial Soundness Indicators (FSIs) complied for Nigeria, it is obvious that the indicators can serve as reliable and consistent tools, capable of detecting vulnerabilities in the system. The study, therefore, recommends that adequate attention be paid to the indicators by the Central Bank. The Bank is urged to strive to gain full understanding of the concept as well as design additional framework for using the indicators so as to enable her take …

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Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike Dec 2015

Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike

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This study shows that Nigeria has not experienced inclusive growth over the years, using relevant national and global data. The country has experienced pervasive poverty, high rate of unemployment and high level of income/wealth inequality despite impressive economic growth rates over the years. The study also highlights the major factors that could be responsible for the non-inclusive growth in Nigeria; these factors include poor performance of the manufacturing sector, weak knowledge base, poor human capacity development and low level of global competitiveness. The study uses tabular presentations and verbal constructs in its analysis. The government and policy makers in Nigeria …

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Mortgage Refinancing In Nigeria: Prospects And Challenges, Kama Ukpai, Phebian N. Bewaji, Adigun Mustapha, Olufemi Adetunji Edun, Olubukola Adegbe, Josiah Dassah Dec 2015

Mortgage Refinancing In Nigeria: Prospects And Challenges, Kama Ukpai, Phebian N. Bewaji, Adigun Mustapha, Olufemi Adetunji Edun, Olubukola Adegbe, Josiah Dassah

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The paper examines the mortgage (re)finance market in Nigeria with a view to identifying its prospects and challenges. The method adopted included a review of jurisdictional experiences on mortgage refinance and thereafter draw on some lessons of experience as the Nigeria case is considered as a country in transition. Further discussions centered on the challenges of financialization of mortgages, mortgage affordability, low awareness of mortgage refinancing, macroprudential risks and moral hazard that confronts mortgage refinance in the country. The paper, further, provides considerations with regard to value-reorientation, institutional, regulatory and legal infrastructures as prerequisites for successful mortgage refinance system.

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Nigeria's Monetary Survey: 2001-2014, Phebian N. Bewaji, Chioma P. Nwosu Dec 2015

Nigeria's Monetary Survey: 2001-2014, Phebian N. Bewaji, Chioma P. Nwosu

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The paper showed that Nigeria's monetary survey is a useful tool in the analysis of monetary development and its linkages with key sectors of the economy. It conveys a useful insight on the evolution of the payment system and money holding behavior. Findings indicated that Nigeria's broad money aggregate was largely determined by external factor, pre-2007 global financial crisis, while domestic factors had significant implications for monetary management post-2007.

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Shadow Banking Services And Its Implications For The Nigerian Economy, Jibrin Yakubu, Joseph Achua Dec 2015

Shadow Banking Services And Its Implications For The Nigerian Economy, Jibrin Yakubu, Joseph Achua

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This paper reviews some conceptual and theoretical issues as well as considers the implications of shadow banking services in the Nigerian economy. lt defines shadow 3banking services as 'a system of credit intermediation that involves entities and activities outside Central Bank of Nigeria's regulatory capture'. The paper noted that Nigeria is yet to make significant policy impact on shadow banking in spite of its inherent systemic risk and regulatory arbitrage concerns on the economy. ln addition, there is neither data collection nor information management frameworks to measure its size, performance and impact on the economy. The paper therefore, recommends the …

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Crude Oil Price Volatility: Implications For External Reserves And Exchange Rate Management In Nigeria, Moses K. Tule Sep 2015

Crude Oil Price Volatility: Implications For External Reserves And Exchange Rate Management In Nigeria, Moses K. Tule

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Following recent development in the world oil market, emphasis will be placed on the falling crude oil price which has far reaching implications for economic management in Nigeria. Nigeria depends heavily on crude oil for its revenue and exchange earning, hence the degree of rise or fall in oil price over a period poses concern for the government of the country.

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Exchange Rate Management: Evolution Of The Nigerian Foreign Exchange Market, Bismark J. Rewane Sep 2015

Exchange Rate Management: Evolution Of The Nigerian Foreign Exchange Market, Bismark J. Rewane

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To grasp the challenges facing the naira, an understanding of the framework of the exchange rate system is imperative. This article highlights key developments and presents an analysis of the current issues facing the Nigerian currency.

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The Impact Of External Reserves' Position On Capital Flows: The Nigerian Experience, Lamido A. Yuguda Sep 2015

The Impact Of External Reserves' Position On Capital Flows: The Nigerian Experience, Lamido A. Yuguda

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A number of factors will determine whether capital will flow in and out of an Economy. The monetary Authority in every country have the sole right to maintain and manage the external reserves hereby maintaining confidence in the country monetary and exchange rate polices, provide confidence to international community on the country' ability to meet its external obligations and provide liquidity to government to meet its external obligations; and maintain foreign exchange liquidity. The main objectives of this paper is to access the impact of external reserves position in attracting capital flows.

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The Role Of The Media In Communicating Developments In Foreign Exchange Management In Nigeria, Stanley Egbochukwu Sep 2015

The Role Of The Media In Communicating Developments In Foreign Exchange Management In Nigeria, Stanley Egbochukwu

Bullion

The branch of journalism that tracks, record, analyses and interprets the economic changes that took place in a society is Financial Journalism. it is said to be a subject of unprecedented circumstance because financial and business stories nowadays move at a digital driven speed. the interpretation and presentation of the up to day activities in the financial world comes with high level of research and cooperate understanding. the Nigeria economy is heavily dependent on import and this records can be presented to the public through the media.

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Financial Inclusion And Growth Of The Banking System In Nigeria, Hogan E. Bassey, Fagge A. Inuwa, Ukeje H. Nkechinyere Sep 2015

Financial Inclusion And Growth Of The Banking System In Nigeria, Hogan E. Bassey, Fagge A. Inuwa, Ukeje H. Nkechinyere

Bullion

Financial inclusion suggests an innovative concept which helps to achieve sustainable development, by making available financial services to the unbanked and underbanked with the help of financial institutions. The concept of financial inclusion gained popularity from year 2000. Thus, it is a great weapon to overcomes financial backwardness. This paper attempts to assess the current status of financial inclusion by examining recent policies and developments toward achieving financial inclusion in Nigeria. Specifically, the framework aimed at enhancing financial inclusion in Nigeria while also supporting the growth and stability of the financial sector, including policies around microfinance, mobile payment, KYC, electronic …

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Implication Of Closure Of Rdas And Wdas Segment Of The Foreign Exchange Market In Nigeria, Akin Dawodu Sep 2015

Implication Of Closure Of Rdas And Wdas Segment Of The Foreign Exchange Market In Nigeria, Akin Dawodu

Bullion

The Nigeria foreign exchange market has transitioned a great deal since the country gain independence. Nigeria had a pegged exchange control until the introduction of the structural adjustment program (SAP) in 1986. which brought about dual exchange rate system, the first and second tier foreign exchange market that later metamorphosed into the Foreign Exchange Market (FEM). Hence there continue to be policy reversals as a result of the volatility in the exchange rate.

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