A Performance Evaluation of Impact of Information Technology on Nigeria Banks

The banking sector of the economy has realised that banking requires prompt delivery of services, efficiency and automation of banking operations. This has prompted many Banks in Nigeria to invest huge sums of money in Information Technology to enhance their performance and offer comprehensive nation-wide services to their customers. This paper is a research to determine if the information technology employed by banks is performing to expectation. A survey was conducted· amongst banks in Nigeria. A Likert format questionnaire instrument, which was a .: . hybrid, adapted from Ron Weber IT performance Evaluation technique was designed and administered among bank staff in 34 banks within Lagos metropolis to ascertain the status of huge investment on IT in their banks. The questionnaire was analysed using simple percentage and Chi square statistical techniques. It was found that the information technology employed by Nigerian Banks have been performing to expectation, but with occasional downtime

Bank Failure and The Role of Auditors in Nigeria

The incessant rate of failure among Nigerian banb OO'i' beemi off grreil!i11001111 cern to stakeholders in the country s jinw1cial sector.. AUU~H /lllrre !IJxtnnlk ng sector is very vibrant and dynamic with a lot of inlflk!Yrilillllfii«PPfltfj ullnrndl!lmnrne characterized the sectm; the present increasing rate C?ffaiiiOIIIfli'! /f1oxr»,, iiy,· oil«~~nmiiJffl1f, and people have blamed the entire failure on the auditon.· o{IIITIIejimiiU(f!(f// /!Jxommkl\' without actual empirical evidences to back such clainn~ Thii.s fP!illllf1IIP!T D(f}J)IIHiiinn:et!l the role of external auditors of banks in Nigeria and ob.sen'ed KII/J111111 tiiTkl!! tar/llf!'!f711¥1Ji! auditors were not entirely responsible for bank failure. Ho'l.n"'!I!Wif!'!f;. ~wte ~rm/1 (fJ1 weak audit proce.dure adopted by some of the auditors o{llfloe .faiiHd fl»tourn/ky;_ Ftmr instance, the auditors who audited the failed banks failed lo.fiaiJHtfN' Ullff11 CriHll tii~Kt: low response rate for debtors circularization. We belie1,;e tleallllw J«J%> ~rm.'ii£ rate constitutes a sufficient warning signal to keep the cmdiilftW:J,' tfPjf ullne.!fimii/lfEilll banks in red alert to probe further. We are of the opinimt Hllnrudl nllrre l!ii«JciFIII~e./friJJr failure should he apportioned among lhf! auditors. ha11b Ullll(fJIHIMJI!li,lf5lllllmtl,. 1/Piunmlk directors and the regulatory bodies

THE IMPACT OF EXTENSIBLE BUSINESS REPORTING LANGUAGE EDUCATION AND ADOPTION OF STOCK EXCHANGE DEVELOPMENT: A FOCUS ON NIGERIA

The growing need for widely available and easily accessible financial information in the financial markets has prompted the necessity for the knowledge and adoption of Extensible Business Reporting Language (XBRL) as the standard format for presenting financial reports across the globe. The impact of an efficient information distribution system like the Extensible Business Reporting Language (XBRL) could help protect creditors, make cross border relations more secure and support the competitiveness of financial markets This study aims at investigating the impact of the possible learning and adoption of Extensible Business Reporting Language (XBRL) in the Nigerian Stock Exchange. The data used for this study were gathered through the instruments of a questionnaire and secondary sources. One hundred and Fifty (150) copies of a questionnaire were administered, out ofwhich one hundred and thirty-one (131) were collated for analysis. To achieve the objectives of this study, three hypotheses were formulated from the structure of research questions. Kruskal-Wallis and descriptive statistical tools were used in testing these hypotheses. Findings show that environmental factors and problems in the Nigerian Stock exchange will affect the learning and implementation of XBRL in the Stock Exchange as well as the fact that certain infrastructure must be put in place before the implementation of XBRL. Based on these findings, the study recommends that the Federal government should announce and compel the educational awareness and adoption of XBRL as a format for regulatory filing and financial reporting in the Nigerian Stock Exchange

Enhancing The Quality Of Higher Education In Africa: Exploring The Covenant University Business Model

It is not in doubt that higher education is a tool of high value to the welfare of any society. However, most of the Universities in Africa are reputed for producing 'half-baked' graduates, unfit for employment anywhere. This has been confirmed in a recent study conducted by the Inter-University Council for East Africa on the quality of graduates in Burundi, Kenya, Rwanda, Tanzania and Uganda. It was found that between 51 perc~nt and 63 percent of graduates from these countries were 'halfbaked.' In order to reverse this ai1l:l other negative trends affecting higher education, Covenant University (CU) has set out to achieve the goal of transforming higher education in African. The objective of this paper, therefore, is to bring into focus the relevance of Covenant University Business Model for enhancing the quality of higher education in Nigeria. The model is considered to offer the right approach as the acquisition and understanding of higher education issues turn away from a focus on the learner 'just finishing the training' to the more holistic approach of actively assimilating, in a congenial environment, what is learnt for further use

Managing Employees In Higher Education Transformation: Exploring The Goal Of Vision 10: 2022 Of Covenant University, Nigeria

Education is a tool of high value to the welfare of any society as it is crucial to the resolution of complex problems and development challenges in the world today. It is in this regard that, Covenant University (CU) has set out to achieV,.e the goal of transforming higher education by becoming one of the best ten universities in the wor1&1>y the year, 2022 (otherwise known as Vision 1 0:2022). Thus, the objective of this study is to investigate the preparedness of the employees to accept the CU vision and the factors that would significantly motivate the desired level of acceptance. This is important because organizations can hardly grow beyond the quality and support of their workforce. The study utilized data collected from a randomly selected sample of both academic and administrative employees of the university. Thereafter, regression analysis was performed to identify the determinants of acceptance of the vision 10:2022. The results of this study show that the vision has the potential to be actualized within the set period. However, the management of the university should take proactive steps to address the factors which have been identified in the study)hat cou ld constrain the effective implementation and actualization of the vision. This is critical , especially that the mean score for the acceptance of the vision is moderate. Given the time frame within which the vision is expected to be actualized, the moderate score needs to be improved upon by strengthening the variables currently impacting the vision positively and addressing those others that have the potential to stall effective implementation and actualization. To this end, management should address f)1ore specifically the issues bordering on job security, promotion, trust and adopt a more participative approach to managemen