Universal Basis of Bank Failure – The Nigeria Case

Many nations have experienced bank failures with very high costs which can lead to systemic risks. The causes of bank failure are numerous, in theory, and include regulation of banking activities such as forbearance; asymmetric information leading to a moral hazard problem and connected lending. The history of banking system in Nigerian has been occasioned with a lot of problem which resulted to distress. The recent consolidation and recapitalisation exercise in the sector was in a bid to resolve this dilemma. In this paper we appraised the causes and outcomes of bank failures. In this article, we looked at the theoretical level and other root causes, consequences of bank failure and lessons within the Nigeria perspective. Finally, the options and measures to prevent further systemic hazards were recommended. Keyword: bank failure, Nigeria, mismanagement, corruption

Solidarity and Social Behaviour: how did this help communities to manage COVID-19 pandemic?

Purpose – During the coronavirus (COVID-19) pandemic lockdowns, stay at home or work from home, many have argued that the westernised non-pharmaceutical interventions (NPI) do not provide remedial in low-income countries like Nigeria, where informal job seekers, street traders, informal labourers and artisans depend mainly on the informal economy. By applying social solidarity (SS) and community-based approach (CBA), the authors evaluate individual acts (trust, altruism and reciprocity) during the lockdown and how these practices evolve from individual approaches to collective actions. Design/methodology/approach – This study reflects on pragmatism research paradigm that enables researchers to maintain both subjectivity in their reflections and objectivity in data collection and analysis. The authors adopt a qualitative method through purposeful and convenience sampling procedure. Data were analysed thematically to identify elements of SS, individual acts, collective or community actions and perceptions. Findings – The findings reveal that COVID-19 had a disproportionate impact (lack of food and a fall in daily income) on workers, informal job seekers, informal businesses operators and the poor households. As such, the study developed a reflective model of solidarity exhibited by individual acts and collective acts (practices of resource pooling, information sharing, women empowerment, distribution of palliatives and donations) within trusted circles that helped people cope with the lockdown experiences. Practical implications – Solidarity represents beliefs, practices of values and norms. The SS exhibited by people through NPI would have implications on planning and monitoring the effectiveness of public health programmes during a pandemic in the future. Social implications – The findings of citizens and community actions have implications related to the process of building communities – coming together – and solidarity that enhances social development with implications on community health policy agenda during disasters, emergencies and health pandemic. Originality/value – This is one of the first studies to analyse the relationship between trust, altruism, reciprocity, SS and CBA during the COVID-19 pandemic. Also, it seems reasonable to clarify the concept of SS given the lack of clarity about the definitions from previous studies

Content Analysis of Ethics of Governance, Maladministration and Political Corruption

Although different forms of corruption exist in every regions, Africa, South America, Latin America, Russia, and Asia countries, perhaps to a greater extent engage in higher levels of corruption more than other regions of the world. Applying ethics of governance and theory of “Patrimonialism”, this article examines governance of ethics and corruption. This article argues that corruption lays the foundation for the abridgement of citizens’ rights and perpetuation of underdevelopment. Methodologically, we explored contents through multiple media sources, ensuring rigor and trustworthiness. Our findings reveal how corruption is being perpetuated in Nigeria, prosecuted and the challenges. This article finds a strong relationship between corruption, the absence of ethics of governance, and maladministration. Many public and political office holders engage or support corruption, there is lack of moral and ethical considerations. More so, it appears that politics is based on wealth acquisition, self-interest rather than on ideologies

The Swift Deep Galactic Plane Survey (DGPS) Phase-I Catalog

The \textit{Swift} Deep Galactic Plane Survey is a \textit{Swift} Key Project consisting of 380 tiled pointings covering 40 deg$^{2}$ of the Galactic Plane between longitude $10$\,$<$\,$|l|$\,$<$\,$30$ deg and latitude $|b|$\,$<$\,$0.5$ deg. Each pointing has a $5$ ks exposure, yielding a total of 1.9 Ms spread across the entire survey footprint. Phase-I observations were carried out between March 2017 and May 2021. The Survey is complete to depth $L_X$\,$>$\,$10^{34}$ erg s$^{-1}$ to the edge of the Galaxy. The main Survey goal is to produce a rich sample of new X-ray sources and transients, while also covering a broad discovery space. Here, we introduce the Survey strategy and present a catalog of sources detected during Phase-I observations. In total, we identify 928 X-ray sources, of which 348 are unique to our X-ray catalog. We report on the characteristics of sources in our catalog and highlight sources newly classified and published by the DGPS team.Comment: Submitted to ApJ

Study of SnO/ɛ-Ga2O3 p–n diodes in planar geometry

SnO/ε-Ga 2O 3 vertical p–n diodes with planar geometry have been fabricated on c-plane Al 2O3 and investigated by current–voltage measurements. The effects of the in-plane conduction through the Si-doped ε-Ga 2O3 layer on the diode performance and their relevance have been evaluated. A significant series resistance is observed, which shows typical features of the variable range hopping transport observed in Si-doped ε-Ga 2O 3; this in-plane transport mechanism is probably induced by the columnar domain structure of this polymorph. The dependence of the series resistance on the geometry of the diode supports the interpretation. A simple equivalent model is presented to describe the experimental behavior of the diode, supported by preliminary impedance spectroscopy investigation

The Swift Deep Galactic Plane Survey (DGPS) Phase I Catalog

The Swift Deep Galactic Plane Survey (DGPS) is a Swift Key Project consisting of 380 tiled pointings covering ∼40 deg ^2 of the Galactic plane between longitude 10 10 ^34 erg s ^−1 to the edge of the Galaxy. The main survey goal is to produce a rich sample of new X-ray sources and transients, while also covering a broad discovery space. Here, we introduce the survey strategy and present a catalog of sources detected during Phase I observations. In total, we identify 928 X-ray sources, of which 348 are unique to our X-ray catalog. We report on the characteristics of sources in our catalog and highlight sources newly classified and published by the DGPS team