Corporate Restructuring through Mergers and Acquisition: Experience from Nigeria

This paper examines corporate restructuring in Nigeria with emphasis on mergers and acquisition. It started by reviewing the history of mergers and acquisitions and went further to theoretically assess the implications of mergers and acquisitions for economic growth. The foray into history revealed very few mergers and acquisitions in the years prior to bank consolidation (2004- 2005). The unprecedented numbers of mergers and acquisitions during bank consolidation prompted the adoption of this period in the assessment of the impact of mergers and acquisitions on banks’ performance. To achieve this, the study compared the pre and post consolidated performance of banks using seven years before (1997-2003) and seven years after (2004-2010) bank consolidation in Nigeria in the analysis. The study concludes that Nigerian banks performed slightly better after consolidation. Keywords: Mergers, acquisition, bank performance, consolidatio

Effect of Substitution of Melon with Soybean on the Nutrient Content and Sensory Properties of Traditional Cakes

Traditional cakes were prepared from a blend of melon and soybean meal. The blended meal contained 10% and 20% soybean respectively while unblended meal contained 100% melon meal which served as control. Cakes obtained from the blends were analysed for proximate composition, amino acid content and organoleptic properties. The moisture content and protein content of the cakes increased significantly (p < 0.05) as the level of soybean inclusion was increased while the fat, ash and crude fibre contents of the cakes decreased significantly (p < 0.05) as the levelof soybean inclusion was increased. Inclusion of as little as 10% soybean increased the quantity of amino acids in the cake than the control cake. The organoleptic properties of the cakes were also acceptable at 10% level of soybean inclusion.Keywords: Traditional cake, proximate composition, melon, soybean, amino acid content, organoleptic properties