Money Market on the Nigerian Economic Development

The objective of this study is to examine the impact of money market on the Nigerian economic development; it has been prepared as a contribution to the quest for promotion of entrepreneurship as an engine growth. To access the multidimensional role and medium scale enterprises in bringing out rapid industrialisation. The study examine the contribution of money market to the growth of small and medium scale enterprises during the period of 1987-2007 with special emphasis on the performance appraisal of the stock market. The result from the empirical analysis carried out using the ordinary least squares estimation technique reveals that the Nigeria stock exchange has contributed to some extent in financing small and medium scale enterprises. However, the prospect of the market appears to be bright considering the current position of the government and players in the industry in the area of formulation and implementation of favourable policies. However, the market could assume the expected role of providing long-term financing for the development of small and medium scale enterprises in Nigeria if the institutional frameworks guiding the effectiveness of the operators are strengthened and the profound recommendation by the researcher are religiously implemented.

Earnings Management and Corporate Governance

This paper studies the relationship between different corporate governances mechanisms and earnings management. It examines two categories of governance devices; internal (ownership concentration and board structure) and external (take-over pressure and institutional ownership). Controlling for other characteristics, I find that firms with stronger internal governance, such as higher ownership concentration and smaller boards, manager earnings more, while firms with stronger external governance, such as higher institutional holdings and high take over pressure, manage earnings less

Modern Marketing Theory and Practise (Analysis from a Nigerian View Point)

In today’s marketing environment, firms no longer just produce whatever they like rather they at least produce goods and services that can command customers respect and patronage. This is in view of the fact that the cost of production of goods has gone up, the purchasing power of customers have seriously been battered by the bad economic situation the country presently finds itself. This the major reason inventory is piling up in warehouse unsold. The business environment in Nigeria today is becoming more sophisticated and challenging. Inflation has been on the increase, cost of borrowing capital is high, cost of business transaction is high, also locally produced goods are facing serious competition from foreign made goods. These challenges made this text very relevant. It addresses the challenges that are likely to be faced in the marketing environment by the marketers of today, and how he can deal with the challenges

Privatization of Public Enterprises in Nigeria

The term privatization is often loosely used to mean a number of related activities including any expansion of the scope of private sector activities in an economy and the adoption by the public sector of efficiency enhancing techniques commonly employed by the private sector. It involves the transfer of productive asset ownership and control from the public to the private sector. The transfer of assets can be total, partial or functionary, with the sale being implemented by methods such as private sales. Leasing arrangements, employee buy-outs and share issues. In Africa, many governments have embraced the idea of privatization, brought to the fore mainly as a part of the adjustment and stabilization programmes of the mid-eighties and the nineties. Privatization now frequently features in government policy statements and in conditionality from donors. The past decade has also seen the World Bank and other donors get increasingly involved in lending operators towards parastatal sector reforms that included privatization components. African countries share a number of common features in relation to the drive towards privatization. For most of these countries, the first twenty (20) years of independence were characterized by rapid growth, driven by favourable terms of trade and high levels of public investments in infrastructure and services. The development of import substituting industries brought in the dramatic rise of parastatal corporations, which were also used as vehicles for increased local participation in the economies. Many governments moved to nationalize existing foreign interests in their counties and also to create new state enterprises to carry out the various production and trading functions. Parastatal corporations rapidly dominated the extractive industries, manufacturing and financial sectors of their economies, and acquired important economic and political status, becoming major sources of employment. The moderate growth experienced in the seventies (70’s), the early eighties (80’s) and associated inefficiencies made parastatal sector reform a major element in the reform efforts implemented by the countries

Determinants of COVID-19 Vaccine Acceptability among Healthcare Workers in Kenya—A Mixed Methods Analysis

Healthcare workers (HCWs) were a priority group for COVID-19 vaccination. Adopting the World Health Organization’s 3C and the expanded 5C vaccine hesitancy models, we assessed the factors associated with COVID-19 vaccine acceptability among HCWs in Kenya. In a mixed methods study, respondents were from eight selected counties across the country. An online survey (n = 746), key informant interviews (n = 18) and focus group discussions (n = 3) were conducted. The data were analyzed concurrently. Quantitative data showed that all the 3C antecedents were strong predictors of vaccine acceptability. The association of vaccine acceptability was strongest with convenience (aOR 20.13, 95% CI 9.01–44.96), then complacency (aOR 10.15, 95% CI 4.63–22.21) and confidence (aOR 6.37, 95% CI 2.90–14.02). Marital status was a significant independent factor associated with vaccine acceptability (aOR 2.70, 95% CI 1.20–6.08). Qualitatively, convenience presented as the no-cost availability of vaccines at the health facilities, whereas non-complacency manifested from the first-hand observed experience of COVID cases, and the need to protect oneself and family members. Confidence was mainly attributed to increased knowledge, resulting from multiple training sessions and trust in regulatory authorities. Other social factors including workplace pressure, religion and misinformation had a role in influencing HCW vaccination decisions. In the background of a pandemic, the 3C model is a strong predictor of vaccine acceptability, and making the vaccines easily available and convenient to HCWs significantly impacts their uptake