Financial Institutions’ Inter Mediation and Economic Development in Nigeria

This paper examines the effect of intermediation capacity of the financial institutions on the Nigerian economic development (Real Gross Domestic Product (RGDP). It is a causal-effect relationship study which made use of macro data obtained from Central Bank of Nigeria (CBN) Statistical Bulletin from the period 1981-2016. The result of the Johansen co-integration test and ARDL bound test evidenced that there exist a long-run relationship between financial institutions’ activities and real GDP. ARDL regression model showed financial institution activities, particularly the loans to the private sector significantly impacted on economic growth both in the short-run and long-run The study also found that bank loans and advances, bank reserves and interest rate had insignificant negative impact on real GDP while credit to private sector significantly affected economic development of Nigeria (RGDP) Thus, economic development of Nigeria is driven by the performance of deposit money banks and concludes that the performance of deposit money banks has effect on the economic development of Nigeria. The study recommended that the banking sector should increase lending to the private sector in order to engender economic growth through the enhancement of entrepreneurial development

Impact of Credit Risk Exposure on the Market Value of Nigerian Banks (2006 - 2012)

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A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models

Abstract The introduction of the Altman's Z-score model in 1983 and much recently the Enyi's Relative Solvency Ratio model in 2005 has divergently provided financial analysts with alternative methods of analyzing corporate solvency which hitherto was exclusively done using the traditional historical record based ratio analysis, with particular reference to the current ratio. To test the relevance and effectiveness of the three models, real life performance data were extracted from the annual reports of 7 quoted companies, analyzed using the three models and the results compared to show the strengths and weaknesses of each. The result revealed that the current ratio and the Z-score models suffer from many limitations including imprecision while the Relative Solvency Ratio combines the capability of an effective indicator with the precision required of a true predictor

RISK PREDICTION AND REDUCTION IN PASSENGER TRANSPORT SERVICE DELIVERY

ABSTRACT Risk is a phenomenon that has become part of human activities. Risk is in everything and is defined according to the circumstance of the activity or event under contention. Transportation business in Nigeria is a highly risky one especially as it affects passenger transport services. The abundance of bad roads and reckless driving habits coupled with poor highway and vehicle maintenance culture tends to multiply the risk for both operators and their human cargoes. The need to effectively determine operational risk with a view to finding ways of reducing same gave rise to the research and presentation of this paper. In the course of study, records were obtained and analyzed from the offices of the Federal Road Safety Corps (FRSC) and a prominent luxury bus transport company at Onitsha. The analysis gave informed insight into the causes of road accidents and their risk factors from which a modest risk prediction model was formulated whilst offering useful suggestions on risk reduction strategies. The study also revealed that passenger transportation business operational risk is of two folds -accidental and financial risk and it is the combination of these two that determines the overall systematic risk of the business

Human Resource Accounting and Decision Making in Post-Industrial Economy

Abstract This study was carried out to investigate the probable effect of Huma