The effect of culture on Corporate Governance Practices in Nigeria

This study focuses on the effect of culture on the application of corporate governance practices in Nigeria. Corporate governance has been receiving serious attention in emerging markets over the past two decades. But relatively little attention has been given to the study on corporate governance in a country study. The current situations in Nigerian public and private sectors such as the corporate scandal resulting from Lever Brothers Nigeria plc, Siemens, Shell, Halliburton, and Cadbury Nigeria plc, have shown that the issue of fraud, corruption, and corporate scandals cannot be overlooked. Most top management, as this study argues, bring in beliefs acquired from their early childhood into their senior management roles and responsibilities. This study adopts a grounded theory and reports on the effect of culture on the implementation of corporate governance in Nigeria. Based on the interview with 32 staffs, this study identifies the effect of culture that shapes corporate governance and they include abuse of power by top management, weak legal framework, poor recruitment and ineffective control. Although having efficient corporate governance is worth pursuing, this depends on the power of top management, the strength of internal control procedures and the legal framework put in place by management

The Place of Idealism in Scientific –Technological Advancement in Nigeria

Idealism, a School of Thought which emphasizes a kind of philosophy that described ultimate reality as ‘thought’ or ‘mind’ has fallen under the sledge hammer of some philosophers, especially the empiricists because, the empiricists believe that Idealism has no practical or empirical basis. Due to the current emphasis on the acquisition of scientific and technological knowledge in Nigeria, there has been the coming together of the wits on how best to achieve the said objective. This paper is aimed at contributing its quota by daring to propose Idealism as inevitability in the acquisition of scientific and technological knowledge. Against this backdrop, this paper examines the role of Idealism in Scientific Technological Advancement in Nigeria. While trying to do this, this writer critically examined the epistemological position of the Idealists, bringing out the inadequacies. Then proceeded to bring out the plausible roles Idealism would probably play in the acquisition of scientific and technological knowledge

Treatment of Stiff Initial Value Problems using Block Backward Differentiation formula

Some Block Backward Differentiation Formulas (BDFs) capable of generating solutions to Stiff initial value problems are derived using Lagrangian interpolation technique. The region of absolute stability of the BDFs are constructed and the nature so obtained establishes some fact about the choice of BDFs for numerical treatment of stiff Problems. The BDFs derived were implemented on some standard stiff initial value Problems. The results show that the 3-point BDF step size ratio with r = 2 has the widest region of absolute stability and highest accuracy.Keywords: Zero stability, Hybrid, k–step, Block methods, first order initial value proble

Treatment of Stiff Initial Value Problems using Block Backward Differentiation formula

Some Block Backward Differentiation Formulas (BDFs) capable of generating solutions to Stiff initial value problems are derived using Lagrangian interpolation technique. The region of absolute stability of the BDFs are constructed and the nature so obtained establishes some fact about the choice of BDFs for numerical treatment of stiff Problems. The BDFs derived were implemented on some standard stiff initial value Problems. The results show that the 3-point BDF step size ratio with r = 2 has the widest region of absolute stability and highest accuracy.Keywords: Zero stability, Hybrid, k –step, Block methods, first order initial value problemJournal of the Nigerian Association of Mathematical Physics, Volume 20 (March, 2012), pp 75 – 8