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Articles 1 - 13 of 13
Full-Text Articles in Social and Behavioral Sciences
The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe
The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe
Bullion
This paper examines the factors constraining the growth of non-oil exports with a view to suggesting solution to redress the situation. In order to execute the task effectively, the rest of the paper is divided into four parts. Part two provides the macroeconomic background to export trade in Nigeria and reviews external trade policies that have been put in place by government. In part three, the issues involved in export promotion, financing and marketing are highlighted, simultaneously an x-ray of the institutional structure on which the sector relies. In part four, the authors analyse the impact of policies on the …
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.
Problems And Challenges Of Developing An Efficient Payments System In Nigeria., Paul A. Ogwuma
Problems And Challenges Of Developing An Efficient Payments System In Nigeria., Paul A. Ogwuma
Bullion
This papers emphasizes two main issues, namely, the prospects for modernizing Nigeria's payments system and what needs to be done in our circumstances to achieve this objective. Modernization of the payments system implied less reliance on cash transactions and increased use of cheques and related instruments, including electronic payment instruments
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 …
Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna
Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna
Bullion
This paper seeks to appraise the development of equipment leasing in Nigeria. To this end, the paper is divided into four sections. Section 1 discusses the evolution and historical background to equipment leasing as well as its trend in Nigeria. Section 2 states the types of leases and the structure of assets leased in Nigeria. Sections 3 examines the advantages and disadvantages of leasing in general, and the major constrains to the development of this industry in Nigeria. Section 4 recommends policies and concludes the paper
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 …
Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo
Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo
Bullion
The focus of this paper is on the role of monetary policy in the budget. It outlined and analyse the monetary programme which forms part of the macroeconomies policy framework of the Budget.
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 …
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 …