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Project TopicsIn this world it is known that professions have remarkable features that differentiation them from other professions depending on the effectiveness of the profession. The layman’s idea about a profession is the nature of the job carried out by the members of the profession and its importance to the society. This is the reason it is mostly agreed that medicine and law are the only professions existing before the advent of the industrial revolution. In recent past, secretarial profession w...
In this world it is known that professions have remarkable features that differentiation them from other professions depending on the effectiveness of the profession. The layman’s idea about a profession is the nature of the job carried out by the members of the profession and its importance to the society. This is the reason it is mostly agreed that medicine and law are the only professions existing before the advent of the industrial revolution. In recent past, secretarial profession w... read more
Read MoreThe structure of the Nigerian economy is typical of an underdeveloped country. Over half of the gross domestic product (GDP) is accounted for by the primary sector with agriculture continuing to play an important role. The oil and gas sector, in particular, continues to be a major driver of the economy, accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The sector contributed 14.8 and 13.8 per cent to GDP in 2011 and 2012, respec...
The structure of the Nigerian economy is typical of an underdeveloped country. Over half of the gross domestic product (GDP) is accounted for by the primary sector with agriculture continuing to play an important role. The oil and gas sector, in particular, continues to be a major driver of the economy, accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The sector contributed 14.8 and 13.8 per cent to GDP in 2011 and 2012, respec... read more
Read MoreBefore the emergence of modern banking system, banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers or electronic machine were computed and counted manually which were not 100% accurate thereby resulting to human errors. Most bank then use only one computer in carrying out transactions which am...
Before the emergence of modern banking system, banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers or electronic machine were computed and counted manually which were not 100% accurate thereby resulting to human errors. Most bank then use only one computer in carrying out transactions which am... read more
Read MoreIn the past few years, auditors had been blamed due to their role in the mega corporate scandals such as Enron, WorldCom, Global crossing, Imclone system and Tyco international and in Nigeria such as Cadbury (Nig) Plc, African Petroleum (Nig) Plc. The criticism had raised lot of questions regarding auditors’ independence, such criticism leveled against auditors because they have be auditing their clients for a long time and subsequently concentrated more on non-audit services rather than audit...
In the past few years, auditors had been blamed due to their role in the mega corporate scandals such as Enron, WorldCom, Global crossing, Imclone system and Tyco international and in Nigeria such as Cadbury (Nig) Plc, African Petroleum (Nig) Plc. The criticism had raised lot of questions regarding auditors’ independence, such criticism leveled against auditors because they have be auditing their clients for a long time and subsequently concentrated more on non-audit services rather than audit... read more
Read MoreThe issue whether older firms are superior in profitability than younger firms, have generated large amount of theoretical and empirical research in the economics, management and finance disciplines. Yet, the theoretical postulates and empirical evidence haveremained inconclusive on the debate, upon the impact of the age of the firm on its profitability. This is traceable to institutional issues, which necessarily are country-specific have not been taken into account. The issue of the age of ...
The issue whether older firms are superior in profitability than younger firms, have generated large amount of theoretical and empirical research in the economics, management and finance disciplines. Yet, the theoretical postulates and empirical evidence haveremained inconclusive on the debate, upon the impact of the age of the firm on its profitability. This is traceable to institutional issues, which necessarily are country-specific have not been taken into account. The issue of the age of ... read more
Read MoreGlobalization refers simply to the universalization of concepts, movements, technology, market operations in the context of a compressed world. A process by which the world becomes a single place (Schotte, 2006; Monge, 2008). Furthermore, it is a process characterized by increase in communication velocity, technological sophistication, economic integration and ideological universalism. Globalization is a fact of life because all are affected by it in terms of its benefits or limitations, posi...
Globalization refers simply to the universalization of concepts, movements, technology, market operations in the context of a compressed world. A process by which the world becomes a single place (Schotte, 2006; Monge, 2008). Furthermore, it is a process characterized by increase in communication velocity, technological sophistication, economic integration and ideological universalism. Globalization is a fact of life because all are affected by it in terms of its benefits or limitations, posi... read more
Read MoreRight from time immemorial, a country’s exchange rate and balance of payment is usually regarded as the sum of indices by which a nation’s strength can be measured especially its economic strength. Balance of payments is an accounting record to all monetary transactions between a country and the rest of the world. Devaluation is tall in a fixed exchange rate, which reduces the value of a currency in terms of other currencies. So what we are trying to do in this study is to determine how t...
Right from time immemorial, a country’s exchange rate and balance of payment is usually regarded as the sum of indices by which a nation’s strength can be measured especially its economic strength. Balance of payments is an accounting record to all monetary transactions between a country and the rest of the world. Devaluation is tall in a fixed exchange rate, which reduces the value of a currency in terms of other currencies. So what we are trying to do in this study is to determine how t... read more
Read MoreThe Nigerian capital market is a part of the Nigeria financial system. The Nigeria financial system has been the life wire on which the Nigeria economy pilots its macro-economy variables. For any economy to be able to take care of her responsibilities i.e. the citizen adequately, it must have a very strong financial system. The financial system refers to a set of rules, regulations, aggregation of financial arrangements, institutions and rest of the world to increase economic growth and devel...
The Nigerian capital market is a part of the Nigeria financial system. The Nigeria financial system has been the life wire on which the Nigeria economy pilots its macro-economy variables. For any economy to be able to take care of her responsibilities i.e. the citizen adequately, it must have a very strong financial system. The financial system refers to a set of rules, regulations, aggregation of financial arrangements, institutions and rest of the world to increase economic growth and devel... read more
Read MoreSaving anywhere in the world remains one of the most important types of household‘s economic activities. To this end therefore, an adequate supply of domestic and/or household saving remains a core national policy objective; mainly due to its direct impact on growth process as well as its role as domestic investment stimulants. Rehman, Bashir and Faridi (2011) and Ogbokor and Samahiya (2014) further reaffirms the inevitability of saving in the economy by stressing the fact that, higher savings...
Saving anywhere in the world remains one of the most important types of household‘s economic activities. To this end therefore, an adequate supply of domestic and/or household saving remains a core national policy objective; mainly due to its direct impact on growth process as well as its role as domestic investment stimulants. Rehman, Bashir and Faridi (2011) and Ogbokor and Samahiya (2014) further reaffirms the inevitability of saving in the economy by stressing the fact that, higher savings... read more
Read MoreEconomic Growth which is the quantitative increase in output of goods and services in an economy at a particular point in time (i.e. Increase in production level of every sector of the economy) is one of the most important attributes of the macro-economic goals which every economy aims to achieve but Economic Development is sustained growth in the economy accomplished by improvement in the standard of the living of the people in the economy, it therefore considers an increase in output level tha...
Economic Growth which is the quantitative increase in output of goods and services in an economy at a particular point in time (i.e. Increase in production level of every sector of the economy) is one of the most important attributes of the macro-economic goals which every economy aims to achieve but Economic Development is sustained growth in the economy accomplished by improvement in the standard of the living of the people in the economy, it therefore considers an increase in output level tha... read more
Read MoreThe relationship between economic growth and financial development has been the subject of both theoretical and empirical analysis in economic literature for a long period of time. Although there are numerous studies examining this relationship, there is no consensus on the effect of financial development on economic performance. A number of theories indicate that financial development leads to economic growth. Studies that support this view include those of Habibullah and End (2006); Galindo (2...
The relationship between economic growth and financial development has been the subject of both theoretical and empirical analysis in economic literature for a long period of time. Although there are numerous studies examining this relationship, there is no consensus on the effect of financial development on economic performance. A number of theories indicate that financial development leads to economic growth. Studies that support this view include those of Habibullah and End (2006); Galindo (2... read more
Read MoreThe alarming rate of population growth and unemployment in Nigeria currently calls for great concern among policy makers to formulate effective and efficient economic policies to arrest this ugly trend. In recent time, one of the greatest problems of population growth in Nigeria is not simply a problem of numbers, it is a problem of human welfare and of development as rapid population growth can have serious consequences for the well- being of the citizenry. According to recent statistics made ...
The alarming rate of population growth and unemployment in Nigeria currently calls for great concern among policy makers to formulate effective and efficient economic policies to arrest this ugly trend. In recent time, one of the greatest problems of population growth in Nigeria is not simply a problem of numbers, it is a problem of human welfare and of development as rapid population growth can have serious consequences for the well- being of the citizenry. According to recent statistics made ... read more
Read MoreThe research work is on the contribution of the Nigerian Capital Market to the nations economic development and growth. The research is aimed at the following: a. To demonstrate that individuals and corporate participation in the Nigerian Capital market will help in no small measure in the channelisation of long-term funds for investment purposes within the economy. b. To demonstrate the fact that the Nigeria capital market is an economic institution with the sole ai...
The research work is on the contribution of the Nigerian Capital Market to the nations economic development and growth. The research is aimed at the following: a. To demonstrate that individuals and corporate participation in the Nigerian Capital market will help in no small measure in the channelisation of long-term funds for investment purposes within the economy. b. To demonstrate the fact that the Nigeria capital market is an economic institution with the sole ai... read more
Read MoreFrom time immemorial and since the emergence of nation states governments and policy makers have been seriously concerned with economic growth and development of their geo – political territories. As civilization unfold and political sovereignty defines the boundaries of each nation or country, the guest for national development as an index of total emancipation and economic sovereignty becomes the focal point of all nationals. With the advents of economics as a separate fixed of study and the...
From time immemorial and since the emergence of nation states governments and policy makers have been seriously concerned with economic growth and development of their geo – political territories. As civilization unfold and political sovereignty defines the boundaries of each nation or country, the guest for national development as an index of total emancipation and economic sovereignty becomes the focal point of all nationals. With the advents of economics as a separate fixed of study and the... read more
Read MorePrivatization is a relatively new word not until about a decade ago, it made on prominent feature in the politics and economy of many countries. It is defined as the process of changing the ownership of government companies to private ownership through the sale of the shares of such companies to individual who will manage the companies efficiently and profitably. Originally privatization was a feature of developed nations, they adopted privatization as more of a political rather than an econo...
Privatization is a relatively new word not until about a decade ago, it made on prominent feature in the politics and economy of many countries. It is defined as the process of changing the ownership of government companies to private ownership through the sale of the shares of such companies to individual who will manage the companies efficiently and profitably. Originally privatization was a feature of developed nations, they adopted privatization as more of a political rather than an econo... read more
Read MoreEconomic managements and development of nation depend on the information, manipulation and implementation of the suitable economic policies. The policies include monetary, fiscal and external sector. The various policies do not work in isolation but reinforce one another in realizing the economic development of any nation. The development of any economic resolved round the formulation and effective implementation of monetary policies. The nature of monetary policy remain district and ill u...
Economic managements and development of nation depend on the information, manipulation and implementation of the suitable economic policies. The policies include monetary, fiscal and external sector. The various policies do not work in isolation but reinforce one another in realizing the economic development of any nation. The development of any economic resolved round the formulation and effective implementation of monetary policies. The nature of monetary policy remain district and ill u... read more
Read MoreThe growth and development of the Nigerian economy has not been stable over the years as a result, the country's economy has witnesses so many shocks and disturbances both internally and externally over the decades. Internally, the unstable investment and consumption patterns as well as the improper implementation of public policies, changes in future expectations and the accelerator are some of the factors responsible for it. Similarly, the external factors identified are wars, revolutions, pop...
The growth and development of the Nigerian economy has not been stable over the years as a result, the country's economy has witnesses so many shocks and disturbances both internally and externally over the decades. Internally, the unstable investment and consumption patterns as well as the improper implementation of public policies, changes in future expectations and the accelerator are some of the factors responsible for it. Similarly, the external factors identified are wars, revolutions, pop... read more
Read MoreOne of the most important aspects of macro economics is monetary policy which is being used as a tool to determine aggregate and average figures in the economy. This considers what determines total employment and production consumption total, investment in raising productive capacity, and how much a country imports and exports. It also asks what causes boom and slumps in the short run, and determines the long term growth rate of the economy in the general level of prices and the rate of in...
One of the most important aspects of macro economics is monetary policy which is being used as a tool to determine aggregate and average figures in the economy. This considers what determines total employment and production consumption total, investment in raising productive capacity, and how much a country imports and exports. It also asks what causes boom and slumps in the short run, and determines the long term growth rate of the economy in the general level of prices and the rate of in... read more
Read MoreThe growth, prosperity and national security of any country are critically dependent upon the adequacy of its electricity supply industry. Indeed, the link between electricity supply and economic growth is such that electric energy generation is not only a major and increasing source of energy; it is also for us a growth industry as well as ‘entirely new industry ’ (Okongwu,1986). Energy is a required input for production and consumption activities, making it indispensable source of economic...
The growth, prosperity and national security of any country are critically dependent upon the adequacy of its electricity supply industry. Indeed, the link between electricity supply and economic growth is such that electric energy generation is not only a major and increasing source of energy; it is also for us a growth industry as well as ‘entirely new industry ’ (Okongwu,1986). Energy is a required input for production and consumption activities, making it indispensable source of economic... read more
Read MoreRecession is a general slowdown in economic activities over a sustained period of time or a business cycle contraction. An increasing commodity and energy prices and a disruption in the financial and capital market characterize a recessionary economy. As the topic imply “global economics recession in banking industry the researcher intend to contribute his own knowledge on recession. The word “recession” is a general slowdown of an economic activity over a sustainable period of time or bus...
Recession is a general slowdown in economic activities over a sustained period of time or a business cycle contraction. An increasing commodity and energy prices and a disruption in the financial and capital market characterize a recessionary economy. As the topic imply “global economics recession in banking industry the researcher intend to contribute his own knowledge on recession. The word “recession” is a general slowdown of an economic activity over a sustainable period of time or bus... read more
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