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Full-Text Articles in Social and Behavioral Sciences

Impact Of Aml/Cft Regulations On Digital Disruptions (Fintech) And Financial Inclusion In Sub-Saharan Africa, David Nkang Odu Dec 2020

Impact Of Aml/Cft Regulations On Digital Disruptions (Fintech) And Financial Inclusion In Sub-Saharan Africa, David Nkang Odu

Bullion

Financial Technology is becoming paramount in all financial institutions, being utilized in helping companies manage most of their financial operations efficiently through the use of software and specialized algorithms. The future of finance will shine brightest when it provides standard and valuable services to the society, however this will come with its own merits and demerits. I have prepared this report to carry out a detailed discussion on the impact that the AML/CFT controls have on FinTech and the financial inclusion initiative in sub-Saharan Africa. The AML/CFT controls can be applied more effectively in the formal systems for banking and …


Institutional Logics And The Double Bottom Line: A Study Of Chikum Microfinance Bank Limited, Daniel Anyanwu Aug 2020

Institutional Logics And The Double Bottom Line: A Study Of Chikum Microfinance Bank Limited, Daniel Anyanwu

Dissertations

Microfinance institutions (MFIs) serve a social mission, while also having to focus on financial sustainability. Microfinance emerged as an alternative to traditional aid to the poor and aims to help alleviate poverty through providing them with financial services. MFIs can be self-sustainable and even profitable through income generating activities. This twin goal of commercial viability and social mission has generated much scholarly interest in the competition between two seemingly incompatible logics of action. Assumptions about the incompatibility of profit and mission motives have dominated the literature and led to a neglect of how some MFIs may be successful in integrating …


Determination Of Optimal Level Of Foreign Reserves In Nigeria, Ishola W. Oyeniran, Solomon A. Alamu Jun 2020

Determination Of Optimal Level Of Foreign Reserves In Nigeria, Ishola W. Oyeniran, Solomon A. Alamu

CBN Journal of Applied Statistics (JAS)

This study adopts the ’buffer stock model’ advanced by Frenkel and Jovanovic (1981) to estimate the optimal level of foreign reserves for Nigeria. The Autoregressive Distributed Lag Approach (ARDL) was used to estimate the optimal foreign reserves function. The results show that the Nigeria’s optimal reserves level responses to adjustment cost of holding reserves and exchange rate volatility and that import and opportunity cost of reserves holding have insignificant impact on Nigeria’s optimal foreign reserves. The short run and long run estimates of the buffer stock model support the theory that foreign reserves holding in Nigeria is more sensitive to …


Measuring The Risk In Risk Measures: The Case Of The Nigerian Foreign Exchange Market, K. Katata Mar 2020

Measuring The Risk In Risk Measures: The Case Of The Nigerian Foreign Exchange Market, K. Katata

Economic and Financial Review

As part of its mandate, the Central Bank of Nigeria (CBN) carried out a series of foreign exchange policy decisions from 2014 to 2016. This paper, therefore, evaluated model risk of two key risk measures, expected shortfall (ES) and value-at-risk (VaR), due to the CBN's policy decisions using daily data for the naira exchange rates covering 2010 to 2014, as well as, 2011 to 2015 for the respective policy resolutions. The risk measures were implemented using 6 different models, as the most common techniques used by regulators and practitioners. The implementation of Basel III recommends the switchover from VaR to …


Globalisation And Government Size In Nigeria: A Revisit Of The Compensation Hypothesis, P. I. Nwosa, T. O. Akinbobola Mar 2020

Globalisation And Government Size In Nigeria: A Revisit Of The Compensation Hypothesis, P. I. Nwosa, T. O. Akinbobola

Economic and Financial Review

The link between globalisation and government expenditure has remained contentious in the literature particularly from a disaggregated perspective. Hence, this study examines the compensation hypothesis by analysing the relationship between globalisation and government size in Nigeria for the period 1981 to 2018. Globalisation is proxied by trade and financial openness while government size is measured by final consumption expenditure by the general government (FCE), share of government expenditure on economic services (ECO), share of government expenditure on social and community services (SCS), and share of government expenditure on transfers (TRF). The study employed the error correction modelling technique and the …


Volatility Transmission Among Nigeria, Some Selected African And World Equity Markets, Idolor Eseoghene Joseph Ph.D. Jan 2020

Volatility Transmission Among Nigeria, Some Selected African And World Equity Markets, Idolor Eseoghene Joseph Ph.D.

International Review of Business and Economics

I examine the extent of volatility transmission, spill-over and contagion among Nigeria, some selected African and world equity markets. Empirical findings indicate the presence of volatility transmission and spill-over among the Nigerian and world equity markets. However, for the Nigerian and African markets, the results show that there is volatility transmission, but no evidence of volatility spill-over. The results were not statistically significant enough to prove the existence of volatility contagion among all the African markets, arising from the recent global financial crisis.


Multi-Generation Family Business Succession At Mondial Printing Services In Nigeria: A Case Study, Titus Oyeladun Jan 2020

Multi-Generation Family Business Succession At Mondial Printing Services In Nigeria: A Case Study, Titus Oyeladun

Theses and Dissertations

This qualitative single case study examined the factors that contributed to the successful transition of Mondial Printing Services (MPS)—a family business in Nigeria—to the second generation. Secondly, this study investigated to what extent, if any, did formal succession planning impact the transfer of Mondial Printing Services from founder to second generation in Nigeria. And lastly this study investigated to what extent, if any, does succession experience of a second-generation family business leaders at MPS influence their approach to continuity and succession planning. This study analyzed qualitative data in the form of interviews from a sample population of five employees at …