The concept and definition of monetary policy in the previous year has no universal acceptability but however, the term monetary policy according to CBN release on monetary policy concept (2006) was defined as “Any policy measure designed by the Federal Government through the CBN to control cost availability and supply of credit. It also referred to as the regulation of monetary supply and interest rate by the CBN in order to control inflation and to stabilize the currency flow in an econo... read more

The important role played by small-scale industries in developing economics has been increasingly realized over the past years. Not only are they important for the vitality of the business sector, they also play a major role in terms of employment creation, income generation and output growth. But in order to play their role in future, there is need for researchers and policy makers to identify this role and constantly interact to bring about a sustainable policy framework for industrial develop... read more

AN ASSESSMENT OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIAN BANKS

Cooperative societies are a unit of business organization. In recent times, the importances of cooperatives have come into focus in West Africa countries. Cooperatives society origin is traced to the Rochadale Pioneers of 1844. It is believed that cooperative societies were in cooperative before 1844, but is the Rockdale Pioneers of 1844 who popularized the modern day cooperatives movement. The Rockdale consisted of 28 members who were mostly wavers. Their sole aim of farming cooperative was to ... read more

The political, economic and social development of any country depends on the amount of revenue generated for the provision of infrastructure in that given country. However, one means of generating the amount of revenue for providing the needed infrastructure is through a well structured tax system. According to Azubike (2009), tax is a major player in every society of the world. The taxation is an opportunity for government to collect additional revenue needed in discharging its pressing obligat... read more

Available literature on world history reveals that nothing bothers national leaders more than the thought of economic development. Hence outstanding world leaders are always formulating and carrying out policies aimed at economic development of their nations. No prospect is more alluring to nation leaders than the thought of bringing in businesses to develop their nations economy. Nation leaders have never ignored economic field in their quest for development. Fleet wood feels that most peopl... read more

The financial system of any financial company provide the catalyst through financial intermediation for productive activities to ensure economic growth and development Olowo (2008). The Nigerian financial sector is undoubtedly the most important in the political economic system because it provides the necessary lubricant that keeps the wheel of the economy turning and it is an engine for economic growth. The sector provides fund for investment and also allocates these funds for investment and... read more

Over the years, the Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector has an option of sanitizing and restructuring its operational processes in order to survive the depressed economy, as well as embarking on a consolidation exercise which would have some wider structural effects on the industry and on the economy as a whole. Basically, banking is a service industry operated ... read more

Globally unemployment is causing government bodies sleepless management. Several government bodies have set-up institution that can find solution to the unemployment menaced. A time these bodies come-up with several community that government should control population of educational system and compulsory service for graduting youth etc as means of checking unemployment rate.

Cassava is one of the most important crops in Nigeria. It is the most widely cultivated crop in the Southern part of the country in terms of area devoted to it and number of farmers growing it. Indeed, it is growth by almost every household, cassava has also increased in important in the middle belt in recent years, in all places, cassava has become very popular as a good and cash crop and is fast replacing yam and other traditional staples of the area. In all over fourth fifth of the cultivabl... read more

Economic development of countries is shaped by the way they evolved. Although, transaction and production cost is determined by their level of technological advancement and industrialization. In this light, this study is examining the relationship between the transaction costs and economic development in Nigeria. A transaction cost is a cost incurred in making an economic exchange of some sort, or in other words the cost of participating in a market. Transaction costs can be divided into sear... read more

Stock market reacts in response of various factors ranging from macro economic, political and socio-cultural behavior of any country. Like any other stock market the Nigerian Stock exchange also reacts either positively or negatively by a number of factors occurring within or without the macroeconomic system. A stock exchange is an organized institution where the securities of joint stock companies are traded freely and the prices are determined by the forces of supply and demand. In simple, it ... read more

The main aim of this research is to examine the role of banks in the Nigeria economy. Four objectives were raised to ascertain the role of bank in the Nigeria economy. The first examine the contribution of bank deposits, the second examine the contribution of bank loans while the third and the last examine the roles of bank revenue and inclusion rate respectively. This study adopted survey, ex post facto and descriptive research design. Also, multiple regression analysis was used to test the hyp... read more

The purpose of this study is to examine local production and its impact on Nigeria economy. This study adopted the survey, ex post facto and descriptive research design for both quantitative and qualitative analysis. It is ex-post facto research design in that the data generated were already put in place and are not subject to the manipulation of the researcher, this were data within the period of 1989 to 2014. This data were extracted from CBN statistical bulletin in CBN website and from the we... read more

The competitive nature of the economy, cause many products and services to lose their distinctiveness, the competitors’ offering of lower prices, and the deteriorating public perception of the business organizations have called for the strategies, and public relations in the marketing of consumer goods. The concept of Diversification strategy is that, the organization’s eggs are kept in different basket so that the risk of becoming bankruptcy will be reduced. This research examined the si... read more

For firms to remain in business and pursue their set goals and objectives, they need to adhere to certain financial management principles and policies that can enhance their overall performance. These policies have impact on the bearing of the organization. There are so many financial policies open to firm’s management; and one of such policy is dividend policy. Dividend is the return that accrues to shareholders as a result of the money invested in acquiring the stock of a given company (Erik... read more

Recently in Nigeria, the CBN and the Finance Minister have told Nigerians that the nation is in an economic recession, it is very important that the impact of this recession on the Nigerian populace is well understood. The causes can be well understood if the definition of an economic recession is revisited. An Economic Recession is defined as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real Gross Domestic Products, r... read more

Definition of marble mining: what is marble? Marble can be defined as a type of had store that is usually white and often has coloured lines in it. It can be polished and is used in building and for making status etc. a slab / block of marble, a marble floor/ sculpture. Mining: The purpose of the ground the industry involved in this coal diamond goal tin mining. The role of marble mining in economic development: The Marble Mining company have played prominent roles in Igbeti’s ... read more

Revenue generation in Nigeria local governments is principally derived from tax. Tax is a compulsory levy imposed by government on individuals and companies for the various legitimate function of the state (Olaoye, 2008). Tax is a necessary ingredient for civilization. The history of man has shown that man has to pay tax in one form or the other that is either in cash or in kind, initially to his chieftain and later on a form of organized government (Ojo, 2003). No system or rules can be effecti... read more

Monetary policy entails the government policies aimed at changing the quantity of money or credit condition. In every economy, after fiscal policy, the next most powerful macro-economic stabilization is monetary policy. In fact Monetary and fiscal policies are expected to work together as complements to achieve one goals of a sound macro economic management that include amongst other domestic price stability external sector viability as well as enhance efficiency in resource allocation, distr... read more