The study is focused in examining financial constraint and investment decision of firms in Nigeria. The study seeks to reveal various financial constraints that are having effect on firms’ investment decision. The data have been taken from the balance sheet of nine (9) manufacturing firms listed in the Nigerian Stock Exchange for the time period 2008 to 2012. Multiple regression analysis has been done to examine the relationship among firm’s size, dividend payout ratio, firm’s age, capital... read more

The banking system in Nigeria has undergone radical changes during the 35 years since independence. Banking developed from an industry which in 1960. was dominated by a small number of foreign owned banks into, one in which public sector ownership predominated in 1970s and 1980s and in which Nigeria private investors have played an increasingly important role since the mid 1989’s government polices had a major influence on developments in the banking industry. Extensive government interventio... read more

CHAPTER ONE: INTRODUCTION 1.1 Background of the Study - - - - - - - 1 1.2 Statement of the Problem - - - - - - - 2 1.3 Objectives of the Study - - - - - - - 4 1.4 Research Questions - - - ... read more

Greater prominence have been said to be associated with banking industry in Nigeria because of the role it plays in her economic environment. The banking industry plays a great influence and in the provision of credit facilities in Nigeria. However the tendency to incur financial losses due to failure to repay loans or credit facilities by borrowers which is regarded as credit risks are most often faced by banking institutions in the financial sector (Muhammad & Shahid, 2012). The bank’s cr... read more

Financial institutions have been early adopters of smart card and credit cards technology, in the system and more recently, the launching of internet banking have transformed with world into a global village linked with electronic impulses. The idea or when the Apex Bank of Nigeria (Central Bank of Nigeria) gave the approval to Allstates. Trust Bank Limited to issue a financial product known as the ESCA an electronic purse to the public. Later on, Diamond Bank Limited, introduce... read more

The master key to the success of any institution (financial and non – financial) according to Henri Fayol in principles of management 1. is the effective management system. This could be achieved through the handwork of the director, managing director, management staff and all other workers in the organization. The major role lies on the head of the board of directive (BOD) and managing director. Management according to Luther Gulick simple means the organizing pl... read more

The importance of the banking section in any economy is derived from its roles of financial intermediation provision of an efficient payment system and facilitating the implantation of monetary policies. In intermediation, banks mobilize saving from the surplus limits of the economy and channel these funds to the deficit units particularly private business enterprises for the purpose of expanding their productive capacity. In operating the payment mechanism, the banking systems liabilities ser... read more

Fraudulent act in the banking industry” is of a special concern to the monetary control and supervisory authority who are charged with the safety of individual banks and the soundness of the banking industry. Fraudulent act” is common in Nigeria banking industry, but clients as well as employees, temporary staff engage in fraud and forgeries in banks. Frequent occurrence of fraud ultimately distracts the attention of the management and lead to increase in running cost. Time and ener... read more

One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secured, convenient, and affordable. The world today is moving away from paper payment system to electronic means, especially payment cards (Humphrey, 2004). In most countries, for instance, it is possible to pay for a snack through vending machine by simply dialing a number on one’s phone bill. In Nigeria, like most developing countries, cash is the main m... read more

Even since the inception of the first three successful indigenous banks in Nigeria, the National Bank of Nigeria established on February 11th 1933, the Agbommagbe Bank (now wema Bank Nig Plc) in 1945, The African continental Bank Plc in 1947 and others subsequently established in the country during the period from 1952 when the first banking ordinance was enacted to regulate and control the activities of commercial banks in the country till present day, prand have remarried a permanent featur... read more

The growth of the industrial sector of any economy is achieved through the interdependence and interrelationship among various business units. Growth has been defined as the numeric increase in the productive activities of a country. It is an increase in the amount of goods produced by all sectors of an economy in naira value. SMEs are sub-sectors of the industrial sector and they play crucial role in industrial development (Ahmed, 2006). SMEs have been identified as veritable engines that accel... read more

The background of Treasury Single Account (TSA) is in accordance with Executive order NO. 55b (2011), which stipulated that the Bureau of Treasury (BTr) shall operate a Treasury Single Account (TSA) to receive remittance of collections of internal revenue taxes / custom duties from Bureau of Internal Revenue (BIR) / Bureau of Customs (BOC), authorized agent banks as well as other National Government Agencies from authorized government depository banks. The TSA, which shall be maintained at the C... read more

A commercial bank can be defined as a financial institution or company carrying on the biz of receiving monies other valuables as deposits from the public for keeping and for lending to the investors on short and medium term basis on which it charges interest such deposit or repayable on demand to the depositors or order. ADEKANYA(1993) The early commercial bank in Nigeria were established by the colonial Govt and mainly catering for the interest of the expatriates, thus (i) financing e... read more

This research work is an attempt to study on fraud and financial malpractice as a leading factor to business failure. Business can be seen as all profit directed towards providing goods and services to mankind. The business organization under usual condition of operation is the result of growth of any business. Individuals are to fill the various positions which will help the organization to achieve its desired objective. Companies are today going through life threatening challenges which ... read more

As competition between businesses geared up, if becomes imperative to turn, attention to customers needs and wants which are naturally insatiable. The marketing concept arose to challenge all other previous concept. Orjih (1998) in his book “Seminar in Banking and finance.” Concluded that marketing concept holds the key to achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfaction more / effectively and efficiently tha... read more

The relative insufficiency of funds for capital investment is a common factor in every economy especially in developing countries of the ward, like Nigeria. Finding a solution to these problems of providing funds for capital investment has been a major pre-occupation of financial institutions in Nigeria one of the solution that come up is syndicated loan, which h is aimed at spreading risks and weakening the impact of restricting laws and regulations lending by financial institutions. ... read more

The Nigeria banking industry has witnessed a lot of changes since the mid 1980’s and this is reflected in the increased volume and complexity of bank operations, increased innovations and varieties in product and service delivery. These development have not only been technology driven but have influenced move technological advances. Information technology which is the foundation of modern electronic banking through desktop computers and terminals provide the tools for delivery of new produ... read more

Ade Wum, (2006) the advent of structural adjustment programme in 1989 has not only increased competition in the banking industry, but also brought the application of computer in banking services the competition brought about by the structural Adjustment, programme (SAP) has enhanced the introduction of computers in banking industry. But computerization per say has solved some problem in the industry. Some innovation banks have gone into computer network in order to reduce if not eliminating some... read more

Research concerns “Bank failure” causes and consequences” Bank failure in our banking industry has become a peculiar household word in this country, which cannot be overemphasized. It is a re-current issue, which caused to captivate many individuals and banks, which has caused untold hardship to collective individuals, individual, stakeholders. This ugly scene has paved way for losses of staggering sum of money and investment by some banks. As a matter of facts, Banks distress has signi... read more

The banking system in Nigeria from 1993 till data has been characterized by diverse mismanagement resorting from so many factors ranging from volume of capital to bank reserve in made of transaction, bankers/customer relationship and on the human factor frauds which have till date been threatening the corporate existence of the banking system in Nigeria (AKIN TNDE: 2002,P34).