Financial Systems Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks’ Performance: An Empirical Investigation

In today’s competitive banking environment, quality service is critical to individual Deposit Money Banks’ success. Delivering high quality service is closely linked to profit, cost, savings, and increasing market share. The major aim of this research is to examine the relationship that exists between Deposit Money Banks and their customers based on the challenges the banks are facing while giving quality service delivery. A sample size of 328 staffs of four selected banks was determined using the Yamane formula. The result showed that there is a positive and significant link between Deposit Money Banks’ performance and bank-customer relationship. This study therefore recommends among others that Deposit Money Banks should put more efforts in rendering good services to their customers

The role of Mobile Phone Penetration on Foreign Direct Investment Inflow: Evidence of Sub-Saharan Africa

This study assesses the enhancing effect of mobile phone penetration on Foreign Direct Investment (FDI) for a panel dataset of all the 48 Sub-Saharan African countries, which is extracted from World Bank database between 2000-2018. This study adopts three distinct regression techniques such as Ordinary Least Square (OLS), Fixed Effect Regression (FE) and Generalized Moment of Method (GMM). Ordinary Least Square and Fixed Effect Regression tends to be biased and inconsistent. The results are defined as follows: (i) the coefficient estimates of the mobile phone penetration on FDI are positive and statistically significant; (ii) the net effect of mobile penetration remains positive on the FDI. The paper recommends that considering the low investment in the technology infrastructure and resultant benefits of the infrastructure in Sub-Saharan Africa, the governments in the region should make substantial investment in the localized technology, which in turn will encourage the foreign direct investment inflows into the region

The Potential of visible light spectra as control measure of Mosquito, the vector of Plasmodium

The control and or eradication of Mosquito, the vector of Plasmodium, is a major aspect of the prevention or eradication of malaria. The study investigated the potential of visible light spectra in the control of mosquito. Mosquito larvae were irradiated with light (blue, green, yellow, red and white lights) two hours daily (8am – 10am) for fourteen days. Ambient light served as the Control treatment. The irradiation (640 lux) was by 25 watts incandescent bulbs inside aluminum foil wrapped in plastic containers.10 newly hatched mosquito larvae were exposed under each treatment replicated thrice. Development of larvae to pupae, pupae to adult and mortality of larvae, pupa and adult were recorded daily. Data obtained were expressed as percentages, mean(±SD) and compared by analysis of variance; significant means were separated by Duncan multiple range test at p<0.05. Larvae mortality was significantly (p<0.05) higher under the coloured lights compared to the control; yellow light elicited the highest significant (p<0.05) larvae mortality (8.17±.408; 81.7%), followed by white (5.33±.516), blue (5.17±.408), green (4.83±.408) and red (4.00±.894) lights. The percentage of undeveloped larvae was significantly (p<0.05) the highest under blue light. While yellow light resulted in highest larvae mortality and blue light suppressed larvae development. Yellow and blue light therefore, have the potential for use as environment friendly means of controlling mosquito

Potential of Light Spectra as a Control of Cowpea Weevil, Callosobruchus maculatus, Activity

Damage of stored cowpea by the weevil, Callosobruchus maculatus, is of great concern in Nigeria. The study investigated the potential of light spectra in the control of the bean weevil; In the first trial, ten individual bean weevils were directly irradiated with green, yellow, red and white and ambient(control) light generated by electric bulbs at 25 Watts. In the second trial, ten individual weevils were housed with 700 bean seeds and exposed to the light spectra. Each light treatment was replicated thrice and weevils were exposed for two hours daily for 10days. Mortality of the bean weevils was monitored daily, and percentage bean damage was determined in 10days. Data obtained were expressed as mean (±��);���� damaged beans were compared by analysis of variance and separated by Duncan multiple range test at p<0.05. Under direct exposure, the highest mortality rate was recorded under blue light in the first five days followed by red light. From day six to nine, the highest mortality was recorded under the white light followed by blue and red. The highest mortality was recorded under white light followed by red and blue light under indirect exposure (with beans). Percentage bean seed damage was significantly (p≤0.05) lower under white (1.38%), blue (1.53, 2.38%) and red (2.48%) lights; a significantly (p<0.05) higher bean damage was recorded under ambient light (17.81%). White, blue and red lights were lethal to beans weevil by killing them and reducing their activities

Exchange Rate Management and Sectoral Output Performance

The aim of all national economies is to stabilize its exchange rate with the countries it trades with; therefore exchange rate is very vital to the economy of every country. Nigeria has adopted both fixed and fluctuating exchange rate regimes in order to realize the goal of a stable exchange rate but this has proven futile as the economy has continued to perform poorly over the years. This study is therefore aimed at examining the effect exchange rate management has on output performance of both the agricultural and the manufacturing sector. Secondary data from 1981 – 2015 were analyzed using the Ordinary Least Square technique. The findings revealed that exchange rate have a positive and significant effect on only the agriculture sector. The study recommends amongst others that efforts should be made to increase the exportation of agricultural products in order to boost exchange rate

Appraisal of Corporate Internal Governance Mechanism and Banks’ Metrics in Nigeria

This research work observed the relationship between corporate internal governance mechanism and the financial metrics of banks in Nigeria. Over the years, emphasis has been placed on the use of eff ective governance to instill corporate discipline in maximizing stakeholders’ value. Using the performance information of five quoted banks in the Nigerian Stock Exchange with an aggregate of forty-five observations spanning from 2011 -2019 sample years, this study sheds some light on the degree of linearity of corporate internal governance measures such as board size, board composition, board independence, and bank liquidity on financial metrics of banks in Nigeria. The method of analysis adopted is the panel regression involving fixed eff ect estimation techniques. The correlation coefficient was used to measure the degree of association between our governance variables and profitability indices; while a robust estimator involving panel corrected standard error was applied. The estimated result for board size and board independence reveals a significant lag eff ect on bank performance. Board composition appears to have a significant inverse relationship with bank metrics which further suggests a low acceptance and adherence to cooperate governance by most banks with its resultant adverse eff ect on the bank metrics. Also, a statistical inverse relationship between the board size of a bank and its metrics was observed which suggests that increasing the size of the board of directors of a bank does not guarantee its performance. Hence, the study recommends that there is need for the regulatory authorities to reassess the procedures for the appointment of directors to the board in order to ensure uniform standards; transparency, accountability and stability exist in these financial markets

Financial Systems Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks’ Performance: An Empirical Investigation

In today’s competitive banking environment, quality service is critical to individual Deposit Money Banks’ success. Delivering high quality service is closely linked to profit, cost, savings, and increasing market share. The major aim of this research is to examine the relationship that exists between Deposit Money Banks and their customers based on the challenges the banks are facing while giving quality service delivery. A sample size of 328 staffs of four selected banks was determined using the Yamane formula. The result showed that there is a positive and significant link between Deposit Money Banks’ performance and bank-customer relationship. This study therefore recommends among others that Deposit Money Banks should put more efforts in rendering good services to their customers

Distribution of radionuclides and assessment of risk exposure to the miners on a kaolin field

Mining of kaolin deposits are common in Nigeria without considering the background radiation in such environment and the health risks it might pose on the miners. In this study, in-situ measurements of the naturally occurring radionuclides were carried out with the aim of determining the distribution of these radionuclides on the mining field and estimation of the hazard indices exposure risks (γ- and α-radiation risks) to the miners. The study was achieved with the aid of gamma ray detector Super-Spec (RS-125) and global positioning system. The detector used has ability to measure activity concentrations of 238U, 232Th and 40K and gamma doses. For the purpose of this study, only the concentrations of the three radionuclides were considered. For each location, measurements were taken four times, while its mean value was estimated for better accuracy. In all, nineteen locations were occupied in order to cover the study area. Basic kriging method was adopted for the production of spatial distribution of these radionuclides and their corresponding γ- and α-radiation hazard indices. The mean values of 238U, 232Th and 40K are 46.7, 71.8 and 108.7 Bq kg-1 , respectively. When compared to the global standard, it was revealed that 238U and 232Th are greater than the global standard, while 40K fall below the permissible limit. The γ- and α-radiation exposure risks estimated revealed that the mean values of Iγ and Iα are 0.6 and 0.2 respectively. Though the estimated γ- and α-radiation indices showed that the kaolin field is safe for the miners, periodic check is required in order to monitor the rate at which these natural primordial radionuclides (238U and 232Th and their progenies) are being enhanced

The Role of Stock Prices Cycles in Forecasting Inflation in Nigeria

The trend of inflation in Nigeria has been startling and there was relatively little knowledge of how volatility in stock market prices could influence future inflation in Nigeria. The objective of this study is to determine how inflation trends could be explained by stock market booms and burst. To achieve the stated objective, the study applied the Hodrick-Prescott Filter and Contemporaneous Correlation test on secondary dataset for Nigeria from 1985-2017. The secondary dataset were gathered from the Central Bank of Nigeria statistical bulletin and the Nigerian Bureau of Statistics Annual Statistical Report. Variables relevant to the objective of the study like CPI (consumer price index or inflation) and MCAP/GDP (stock market capitalization to GDP) were analyzed. Findings from the Contemporaneous Correlation test revealed that there is a countercyclical relationship between stock prices and inflation rate. This means that changes in inflation rate happen after changes or fluctuations in stock prices. The Hodrick-Prescott Filter confirmed this finding by showing that this relationship between stock prices and inflation is evident in the past behaviour of inflation and stock prices. This implies that inflation tends to rise when stock prices are falling and inflation falls when stock prices are rising. The study hence, recommends that policies that extend the stock market cycles should be adopted as it has been proven to reduce the inflation rate significantly

Achieving Sustained Performance in the Nigerian Oil and Gas Sector Despite Exchange Rate Fluctuations: A VAR Approach

The issue of sustaining performance in the Nigerian oil and gas sector is one issue that is of concern to the present government of President Muhammadu Buhari and is in line with the UN’s Sustainable Development Goal (SDG) 7 of Clean Energy. The study examined the relationship between exchange rate fluctuations and Nigerian oil and gas sector performance with respect to achieving a sustainable economic growth. The three models used for the study are OBOP = f(OILE, OILI); OILO = f(EXR); and OILE = f(EXR). Secondary data were gathered and analyzed using the vector autoregression (VAR). The unit root test showed that all the variables were stationary at first difference while the Johansen cointegration proved the presence of a long run relationship among the variables in the model. The VAR result revealed that both oil export (OILE(-1)) and oil imports (OILI(-1)) were significant both positively and negatively respectively with overall balance of payments (OBOP). Also, nominal exchange rate (EXR(-1)) was positively significant with OILE while EXR(-1) was negatively significant with OILO. The study therefore recommended amongst others that more refineries should be built in Nigeria, so more products are extracted from crude oil and can be exported to boost revenue