Delisting and Market Performance of Nigerian Stock Exchange: (1998 – 2018)

This study evaluated the effect of delisting on the performance of the Nigerian Stock Exchange (NSE) by evaluating the effect of delisting on market capitalization; Stock Traded and All Share Index as market performance indices. Three research questions were raised and three hypotheses where formulated to guide the study. The study adopted a longitudinal research design using secondary data obtained through data capture sheet, extracted from the annual reports of the Nigerian Stock Exchange, for the period of 21years ranging from 1998-2018. The data collected were analyzed using simple linear regressions with SPSS 20 software. All hypotheses were tested at 5% level of significance. Results from the data analyzed revealed that there is significant effect of delisting on market capitalization and stock traded but there is no significant effect on all share indexes. Based on the findings of the study, the following recommendations are made: Listed firms should be supported and given certain financial waivers so as to encourage them to be effective in the market and this would remove the constraints to growth in the Nigerian capital market and especially the stock market; alternative substitute measures to delisting should be employed by the NSE to enforce compliance, example; imposition of fine etc. Keywords: Delisting, market capitalization, stock traded, all-share index DOI: 10.7176/JESD/10-6-04 Publication date:March 31st 201

Geochemical Approach and Industrial Utilization of Some Marble Bodies from Ubo River Area and Environs, Southwestern Nigeria

Marble bodies occur in Ubo River Area as lenses of rocks. Seven (07) marble samples were obtained, analyzed and subjected to X-Ray Flourescence (XRF) analysis to determine both the major and trace elemental composition of the samples. The analysis revealed high CaO values (52.23-58.10 wt. %) and moderate values for SiO2 (7.50-10.43wt. %), fairly low values for Al2O3 (2.30 – 4.21 wt. %), Fe2O3 (2.62 – 5.15 wt. %), MgO (0.42 – 0.7 wt. %), MnO (0.01 – 0.06 wt. %), K2O (0.32 – 1.55 wt. %) and Na2O (0.01 – 0.03 wt. %), respectively. Variation plots involving Na2O/Al2O3 vs K2O/Al2O3 reveal sedimentary progenitors for the rocks. The fairly high SiO2 and low K2O content is an indication of the environment of deposition and may have been in a shallow marine environment with fair input of classic sediments into the system. The relatively high CaO content, moderate SiO2content and fairly low Al2O3 and Fe2O3 values indicates a fair degree of purity of the parent rock, hence its suitability as a raw material in the industrial sector. Keywords: Clastic, Deposition, Environment, Progenitor, Marble, Chemica

Uptake of hormonal implants contraceptives compared to other forms of contraceptives in Abuja, Nigeria

Background: Subdermal implants are a long-term, efficacious, and easily reversible contraceptive with few adverse effects that pose no risk to the health of the users. It is increasingly accepted as a method of contraception in sub-Sahara Africa like ours. Despite this, its uptake in Nigeria has not reached optimum level. This study is aimed at evaluating the socio-demographic characteristics of subdermal implants users in Abuja, Nigeria, its acceptance rate, efficacy, and discontinuation rate.Methods: The case notes of all the women from the family planning unit were studied. Data on socio-demographic characteristics, uptake rate, side effects profile and the discontinuation rates between January 2013 and December 2017 were retrieved and analyzed using SPSS software and results expressed in numbers and percentagesResults: Out of a total of 1,716 clients that were for contraception during the period under review, 786 accepted Jadelle/Implanon accounting for 45.8% of the implants acceptance rate. Of the 786 acceptors, 485(28.3%) chose Implanon, whereas 301(17.5%) preferred Jadelle. Discontinuation rate for both implants was 20.7%; the main reasons cited by the women were desire to have more children; 51(31.35%) and irregular vaginal bleeding; 30(18.4%). The Pearl Index for the implants in the study was zero. The peak parity for implant users was para 3. Approximately 72.1% the users of all forms of contraception were Christians, while 25.4% were Muslims. About 74.0% of the users had tertiary education.Conclusions: Jadelle/Implanon uptake was relatively high compared to other forms of contraception

Deregulation of Foreign Exchange Market and its Effect on Industrial Produce in Nigeria

The problem of the effect of high regulation in the foreign exchange market which in advertently have a determining factor on the performance of business organizations is an issue of concern most especially in industries in Nigeria. Data on variables which are relevant to this study like industrial produce, exchange rate, and inflation rate, labour force per time, capital stock and political regulations/ instability were gathered from secondary source like the Central Bank of Nigeria statistical bulletin. The data were analyzed using the ordinary least square econometric technique and the result showed that while both labour and capital are positively significant in explaining industrial produce, inflation was negatively significant in explaining it. This paper thus recommended amongst others that the educational sector should be prioritized by the government in order to have a strong labour force, and also long term funds should be provided for the growth of the manufacturing sector

The Menace of Political Godfatherism as a Factor in the Underdevelopment of Nigeria: Justifying Rostow’s Thesis

This article examined the menace of political godfatherism, one of the major internal factors hindering the advancement of the democratization process and development of Nigeria in order to validate Rostow thesis. The study employed the descriptive approach andtherefore collected its data from secondary sources. Moreover, the study examined the two opposing models on the subject of development and also discussed the problem of godfatherism and its implications on the democratization process and developmentof Nigeria. The paper suggests love, patriotism, hard work, sacrifice, commitment, condemnation of evil and celebration of good, not only for the elite class, but also for the entire citizenry. These could be used to stop the escalation of political godfatherism in order to enthrone true the democracy that is needed for national unity and development. In actualizing this, this paper concluded that the elite class needs to be saturated or dyed with positive attributes, which hinge on national unity and consciousness, development-oriented mentality, public-spirit and patriotism. These are essential to galvanize the available resources and generate the necessary sentiments for the progress and well-being of Nigerians

A Plan for Igniting Nigeria’s Industrial Revolution

The Industrialization of countries is in every way influenced by forerunner nations. This is exemplified in Western Europe’s copying of Britain’s technology and manufacturing systems. This work presents a study of the industrialization of nations such as Japan, South Korea, Taiwan, Singapore and several other industrializing countries and the lessons learned revealed that the industrialization of these nations was based on initial imitative-reverse-engineering of products of forerunner nations which then leads to endogenous growth and the onset of innovation under certain constraints. This is a strategic form of import substitution and is in fact the model around which a plan for Nigeria’s Industrialization has been buil

A Study of the Socio-Economic Status of Work-Study Students, Covenant University, Ota

This study examined the socio-economic status of work-study students in Covenant University, Ota, Ogun State, Southwest Nigeria. The study used survey method (questionnaire) to collect information from 120 respondents. Findings of the study showed that a percentage change in parental income and occupation significantly increased the likelihood of student participation in work and study programme by 0.453 and 0.367 percentages. The above result is found significant at 5 percent (P<0.05) and 1 percent level of significance (P<0.001) respectively. The study concluded that a significant support of parental income and occupation played a significant role in student individual choices of whether to enroll for a work-study initiative or otherwis

A Bayesian latent process spatiotemporal regression model for areal count data

Abstract Model-based approaches for the analysis of areal count data are commonplace in spatiotemporal analysis. In Bayesian hierarchical models, a latent process is incorporated in the mean function to account for dependence in space and time. Typically, the latent process is modelled using a conditional autoregressive (CAR) prior. The aim of this paper is to offer an alternative approach to CAR-based priors for modelling the latent process. The proposed approach is based on a spatiotemporal generalization of a latent process Poisson regression model developed in a time series setting. Spatiotemporal dependence in the autoregressive model for the latent process is modelled through its transition matrix, with a structured covariance matrix specified for its error term. The proposed model and its parameterizations are fitted in a Bayesian framework implemented via MCMC techniques. Our findings based on real-life examples show that the proposed approach is at least as effective as CAR-based models

Influence of Personality Types and Socio-Demographic Characteristics of Work-Study Students at a Private University, Southwest Nigeria

This study examined the influence of personality types and socio-demographic characteristics on work-study of students at Covenant University, Ota. The study used questionnaires to collect information from 100 students who participated in the programme in 2014/2015 academic session. The chi-x2 result of 12.30 for the variable responses showed that the age and the sex of students influenced their participation in work study programme with chi-x2 (29.80), degree of freedom 4 and significance level of 1 % of the combined result respectively. The finding of investigation also show that birth order influenced students participation in work study initiative with chi-x2 distribution of 19.70, degree of freedom of 4 and asymptotic significance of 1 %. Also, the result of the T-statistics (28.23) with the degree of freedom 99 revealed significance among the Personality Type “A” and “B” compositions at 1% level of significance. The estimated correlation coefficient indicates a significant strong correlation (0.630) between the response variables “Personality Type” and influence on student participation in work study programme

Perception about COVID-19 vaccine among patients at the federal medical centre, Yenagoa, South-South Nigeria

Background: The severe acute respiratory syndrome corona virus-2 (SARS-CoV-2) is the causative organism of the coronavirus disease 2019 (COVID-19), which is a respiratory disease that was first identified in December, 2019 in Wuhan, China. Objective was to determine the perception of the COVID-19 among patients at the Federal Medical Centre, Yenagoa, Bayelsa State, Nigeria.Methods: This study was carried out at the Federal Medical Centre, Yenagoa between 4th January and 15th February, 2021. It was a descriptive cross-sectional study. The study population consisted of 1,000 consecutive patients that presented to the various out-patients departments of the hospital. Written informed consent was obtained. The data were collected with a predesigned questionnaire, and were analysed using statistical software (SPSS for windows® version 23, SPSS Inc.; Chicago, USA).Results: Out of 1,000 participants, only a quarter of the participants (24.6%) indicated willingness to take the COVID-19 vaccine when available in Nigeria. About one-tenth of the participants have had loss of sense of taste and smell (11.7%), and think they possibly may have been infected with the COVID-19 (10.8%) in the recent past. Among those that were unwilling to take the COVID-19 vaccine, 14.2%, 9.0% and 7.5% thought that hydroxychloroquine, azithromycin and septrin respectively, are safe alternatives to the vaccine.Conclusions: Although it is known that hypothetical choices may not always reflect real life decision, it is important for policy makers and stakeholders to pay more attention on health education and campaign, targeted at addressing the misconception about COVID-19 vaccine