TIME SERIES FORECAST MODELS FOR FOREIGN EXCHANGE MARKET IN A DEVELOPING ECONOMY

Technicalities in foreign exchange forecasting have been of interest to investors and academia, particularly in a developing economy. Data of foreign exchange are time series in nature and several techniques have been developed to modeling and forecasting foreign exchange rates. In this study, Nigeria's foreign exchange rate against three world-leading currencies (US Dollars, Euro and Pounds Sterling) are modeled with ARIMA, Auto. arima, Box-Cox, random walk forecast, and Exponential Smoothing and subjected to comparative tests using  Diebold-Mariano criteria with a modern model time series model. The empirical analysis shows that that the modern model outperforms some of the other techniques in forecasting Nigeria exchange rates against world-leading currencies particularly when the forecast horizon is low

Influence of Weed Control Methods on Viability and Vigour of Maize (Zea mays L.) Seeds

Weed control method of choice should achieve the objective of controlling weeds without sacrificing seed quality. The influence of Combination of mechanical method (slashing at 2, and 4 week intervals), and herbicide (pre-emergence and post emergence) for weed control in maize on seed quality (viability and vigour) of maize seeds were evaluated.. Field and laboratory experiments were conducted to investigate the influence of pre-emergence (Diuron 50% SC {N (3, 4-dichlorophenyl) N, N-dimethyl urea} and post-emergence (Atrazine 50FW-{6 chloro-N-methyl-N-(1-methylethyl) 1, 3, 5-triazine, 2, 4 diamine}) herbicides either alone, or in combination with slashing at two and four-week, on seed quality. Combination of pre-emergence herbicide and slashing 2-weeks after planting  slashing gave the highest viability (91.37%) and lowest conductivity value (2.79 µS/cm/g), whereas combination of post emergence herbicide and 4 week slashing gave the lowest viability (77.67%) and the highest conductivity value (15.71 µS/cm/g). In accelerated ageing test, combination of pre-emergence herbicide with either 2 week slashing, or 4 week slashing  WAP gave the highest viability (84%), whereas combination of post emergence herbicide with 2 week slashing gave the lowest viability (51.33%) and lowest germination rate index (10.37). Combination of pre-emergence herbicide and 2-week slashing is the best complementary option for weed control in maize seed crop. Keywords; pre-emergence, post-emergence herbicides,  seed physiology,  maize seed viabilit

EXPLORING THE METHODS OF COINTEGRATION PROCEDURES USING STOCK PRICES

Stationary models are an essential class of stochastic models for describing time series data which have received a great attention. In reality, however, business and economic data are non-stationary multivariate time series that are often better understood by cointegration analysis. This study investigates the cointegration testing methods of Engle-Granger two-step estimation technique, Phillip-Ouliaris test, and Johansen's multivariate test. The stock prices of selected companies in Nigeria from 2008-2014 are used in the study. Findings revealed that the three techniques produced different results and that the Johansen's method and Engle-Granger two steps procedure exhibits higher efficiencies than Phillips-Ouliaris methods but their efficiency is dependent on the number of variables and correct selection

Determinants of utilisation of traditional birth attendant services by pregnant women in Ogbomoso, Nigeria

Background: This study was designed to assess the determinants of utilization of Traditional Birth Attendants (TBAs) services by pregnant women in different communities in Ogbomoso, Nigeria.Methods: This was a community- based cross-sectional study. Fisher's formula was used to calculate the sample size and a total of 270 eligible pregnant women were enrolled for the study using multistage sampling technique. Data was collected using pretested structured interviewer-administered questionnaire. Data analysis was done using SPSS version 20 and results were presented in frequencies and percentages.Results: Factors found to have a significant influence on the utilization of TBA services in this study include: low educational status (p <0.001), lower socioeconomic status (p <0.001), and compassionate care given by the TBAs (p=0.004). Other factors include service proximity and lower cost of TBA services.Conclusions: The impact of TBAs and their services cannot be overemphasized in the present state of maternal and child health in Nigeria.  Lower educational status among others has been found to be a strong predictor of utilization of TBA services. There is, therefore, the need to improve the educational and socioeconomic status of women in order to allow them to access quality health care services that will safeguard their well-being. Inculcating compassionate care into orthodox healthcare delivery will go a long way to improve patronage and discourage TBA utilization

Utilization of Agro-meteorological Services among Arable Crop Farmers in Oyo State, NigeriaNigeria

The study assessed arable crop farmers’ utilization of agro-meteorological services in Oyo State, Nigeria. Multi-stage sampling procedure was employed for this study. Oyo State was stratified into rainforest and savannah. One local government each was randomly selected from each of the vegetation zones, which were Iddo and Ogbomoso north. List of arable crop farmers was obtained from the selected LGAs from where 02% and 03% of the population were randomly selected to give a total sample size of 167 respondents. Data were presented with descriptive and analysed inferential statistical tools: Chi-square and PPMC. The results reveal that the majority of respondents were males (83.6%), Christians (62.5%) and had formal education (79.0%). About 36.2% were between 50 and 59 years and 65.8% had a farm size of 1-5 acres.  Maize and cassava were the most cultivated crops, Oyo State Agricultural Development Programme (OYSADEP) was the only communication channel used. More than half (66.4%) of the farmers were aware of seasonal rainfall prediction, untimely access to information was the most severe constraint (1.23) and the used of agro-meteorological service was slightly above average (54.6%). Farm size (r=0.162) and family size (r=0.309: p≤0.05) were significantly related to utilization of agro-meteorological services. The scale of agro-meteorological service utilisation requires deliberate agro-meteorological extension education services and timely delivery of agro-meteorological information to farmers

Utilization of Agro-meteorological Services among Arable Crop Farmers in Oyo State, NigeriaNigeria

The study assessed arable crop farmers’ utilization of agro-meteorological services in Oyo State, Nigeria. Multi-stage sampling procedure was employed for this study. Oyo State was stratified into rainforest and savannah. One local government each was randomly selected from each of the vegetation zones, which were Iddo and Ogbomoso north. List of arable crop farmers was obtained from the selected LGAs from where 02% and 03% of the population were randomly selected to give a total sample size of 167 respondents. Data were presented with descriptive and analysed inferential statistical tools: Chi-square and PPMC. The results reveal that the majority of respondents were males (83.6%), Christians (62.5%) and had formal education (79.0%). About 36.2% were between 50 and 59 years and 65.8% had a farm size of 1-5 acres.  Maize and cassava were the most cultivated crops, Oyo State Agricultural Development Programme (OYSADEP) was the only communication channel used. More than half (66.4%) of the farmers were aware of seasonal rainfall prediction, untimely access to information was the most severe constraint (1.23) and the used of agro-meteorological service was slightly above average (54.6%). Farm size (r=0.162) and family size (r=0.309: p≤0.05) were significantly related to utilization of agro-meteorological services. The scale of agro-meteorological service utilisation requires deliberate agro-meteorological extension education services and timely delivery of agro-meteorological information to farmers

HOST PLANTS OF THE COTTON MEALYBUG, PHENACOCCUS SOLENOPSIS TINSLEY (HOMOPTERA: PSEUDOCOCCIDAE) IN THREE SELECTED TOWNS OF NIGERIA, AND ITS INFESTATION PATTERN

Reconnaissance surveys were carried out for field infestation of Phenacoccus solenopsis Tinsley from 2006 to 2010 in seventy five (75) vegetable gardens located in three (3) towns– Ogbomoso, Abeokuta and Ibadan in Nigeria. No cotton mealybug infestation was observed in Abeokuta and Ibadan, but twenty four (24) plants in 16 different families were observed as its hosts in Ogbomoso area. Of the 24 species, weeds constituted 45.8%, vegetables 29.1%, herbs 12.5%, cereals 4.2%, fruit trees 4.2% and pulse 4.2% each. Infestations started on the abasial leaf surface and advanced to the mid-ribs, petiole, young and succulent stems and buds. Corchorus olitorius and Amaranthus hybridus were the most susceptible of the trialled plant species with heavy root infestation in addition to that of the leaf. On heavily infested plants, certain ants were found together with P. solenopsis; on cowpea however, Aphis craccivora and the ants formed a complex with the mealybug on the flower buds. Of the three towns surveyed, P. solenopsis could be said to be restricted to backyard gardens around Ogbomoso at the moment. However, a nation-wide survey is very necessary now to determine the current status of the mealybug in Nigeria.Â

Periodicity, Stability, and Boundedness of Solutions to Certain Second Order Delay Differential Equations

The behaviour of solutions to certain second order nonlinear delay differential equations with variable deviating arguments is discussed. The main procedure lies in the properties of a complete Lyapunov functional which is used to obtain suitable criteria to guarantee existence of unique solutions that are periodic, uniformly asymptotically stable, and uniformly ultimately bounded. Obtained results are new and also complement related ones that have appeared in the literature. Moreover, examples are given to illustrate the feasibility and correctness of the main results

Inhibitory Action of Nicotiana tabacum Extracts on the Corrosion of Mild Steel in HCl: Adsorption and Thermodynamics Study

The toxic effects of synthetic corrosion inhibitors have led to the search for naturally occurring substances which are not only readily available but are also environmentally friendly. Therefore, this study investigates the inhibition efficacy of acid extract of Nicotiana tabacum leaves on mild steel in 1M HCl using weight loss method. Experiments are performed by varying immersion period, concentration of the inhibitor and temperature. The inhibition efficiency is markedly higher on the addition of Nicotiana tabacum leaves extract in acidic medium compared with those in the absence of inhibitor. The inhibition efficiency increased with an increase in inhibitor concentration but decreased with rise in temperature and exposure time. Thermodynamic studies revealed that corrosion inhibition may be due to the spontaneous physical adsorption of the plant constituents on the surface of mild steel. Experimental data fitted with the Langmuir and Temkin adsorption isotherms. Kinetic treatment of the data followed a first order reaction. Calculated half-lives increase as the concentration of the extracts increases suggesting that inhibition efficiency increases with increase in the concentration of the extracts.Preliminary investigation of the phytochemical constituents showed that Nicotiana tabacum contains tannin,flavonoid, terpenoid and some other compounds in trace constituents. [Olasehinde, EF, Olusegun, SJ, Adesina, AS, Omogbehin, SA, Momoh-Yahayah, H. Inhibitory Action of Nicotiana tabacum Extracts on the Corrosion of Mild Steel in HCl: Adsorption and Thermodynamics Stud

Radiation Effects: Recommendations for Safe Plasma/Flame Cutting Operation

Plasma cutting has been a revolutionary method of processing metals as it provides precision cutting with a smooth finish. The Plasma Arc Cutting machine is an important machine used for producing fine cuts and creating shapes in materials. In addition to high energy radiation (ultraviolet and visible) which plasma arc cutting generates, the intense heat of the arc also generates substantial quantities of fumes and smoke from vaporizing metal in the kerf. With a reflection on a case study, this paper examines the working processes of the machine and the effect on the health of operators or any unsuspecting member of the public. With the safety regulations and recommendations from certified bodies, recommendations are made to ensure safety and limitations of health hazards during the use of the machine