The rate at which frudulent activities is going on in the country these days is becoming unbearable; the federal government of Nigeria and the CBN have being on their toes to resolve the issue of frauds and to boost financial security in most of the Nigerian banking industry; because all these issues the central bank of Nigeria on february, 2014 made it compulsory that all account holders should have a bank verification number so as to enable the account holder to have a single identity in all t... read more

The Treasury Single Account (TSA) policy came into being by the federal government of Nigeria to minimize or completely block all financial leakages in other to promote transparency and to reduce the level of mismanagement of government’s revenue, the essence of treasury single account is majorly to bring all government accounts together; with this there will be a limited amount of revenue loss and mismanagement by the revenue generating agencies in Nigeria. The idea of treasury single acco... read more

The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this was led to the introduction of the treasury single account. The Federal Government of Nigeria has given directive that all revenue-generating agencies to close all their accounts with all the commercial banks by Februar... read more

Tax is a financial issue and its payment is a civil duty. It is the imposition of a financial burden for the government on individual firm and companies. In general based, the word tax means any contribution imposed by the government upon individual and companies for the use of government to provide facilities or services as rendered by the state. It is not a voluntary payment or donation but an enforced contribution made on the pronouncement or directive of legislative authorities. Osita (2004... read more

The term leverage is used to represent the proportionate relationship between debt and equity (Pandey, 2010). The concept used to study the effect of various mix of debt and equity on the shareholders return and the risk in the capital structure of a firm is known as leverage (Bhanu, 2011). Leverage is an investment strategy of using borrowed money to generate outsized investment returns. Leverage as a business term refers to debt or to the borrowing of funds to finance the purchase of company�... read more

A budget is a financial and a quantitative statement prepared prior to a defined period of time of the policy to be pursued for the purpose of attaining a given objective. Also according to A.U. Nweze (2004) in his profit planning. Budget is a plan quantified in monetary terms, prepared and approved prior to a defined period of time, usually showing planned income to be generated and or expenditure to be incurred during that period and the capital to be employed to attain a given... read more

The study examined the impact of domestic debt on economic development of Nigeria with a view to determining amongst other the relative importance and impact of domestic debt on economic growth (GDP) of Nigeria. The study adopted qualitative research focuses on secondary data from CBN. Data relating to domestic debt stock, Gross Domestic product, Interest on domestic debt and capital expenditure of Nigeria from 1990 – 2010 were obtained from the debt management and central bank of Nigeria. The... read more

One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services such as electricity, pipe-borne water, hospitals, schools, good roads and as well as ensure a rise in per capital income, poverty alleviation, maximize the utility of its citizens, improve their standard of living and so on. According to Azubike (2009), tax is a major player in every society of the world. The tax system is an opportunity for government to col... read more

The Nigeria economy as we all know is characterized by a number of socio- economic problems. These problems include: import dependence, dependence on a single economic sector, weak industrial base, a low level of agriculture production, a weak private sector, dependence on foreign loan, regional inequalities and rural- urban migration, slow growth rate, inefficiency of public inequalities, low qualities of social services, unemployment, under-developed political structures and mechanisms; poor d... read more

A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian stock exchange (NSE). In carrying out the study, survey research design was adopted and observations were drawn each from the periods before the crash and after the me... read more

The insufficiency of fund for capital investment is a known common factor in every economy especially in developing countries of the world. In developing countries like Nigeria, the low level of capital investment manifests in high unemployment rate, low productivity and a corresponding low standard of living affects a greater majority of the population. Providing solution to this problem has been a major investment preoccupation of financial institutions in Nigeria. Beyond the traditional te... read more

It is crystal clear that any nation that wants a viable economy must have a viable financial sector and previous studies overtime confirmed that be significant and strong link show between the financial sector of a nation and performance overall country economy. Banks play important role in any economy because they are the cynosure of the financial sector. The importance of banks in any economy cannot be over emphasized, because sound financial system is recognized as a necessary and sufficient ... read more

The central bank of Nigeria, which is the apex of the financial system in the country, started its operation in July 1st 1959. The enabling act charged it with the responsibilities for issuing legal tender currency, maintenance of external reserves in order to safe guard the international value of the currency and sound financial structure. Like other central banks in foreign countries, the central bank of Nigeria has objectives of promot... read more

In all most all economics today government intervention in undertaking fundamental roles of allocation, stabilization, distribution and regulation, especially where or when market proves inefficient or its outcome is socially unacceptable. Government also intervenes, particularly in developing economics to achieve macroeconomics objective such as economic growth and development, full employment, price stability and poverty reduction.(AESS PUBLICATION 2011). Public finance is to provide informat... read more

One of the major issues which have occupied the mind of government for years is the impact of monetary policy as a tool for price stability in Nigeria. Despite the lack consensus amongst the economy, there is remarkable strong agreement that monetary policy as an economystabilizing measure in Nigeria refers to the persistence rise in the general price level. Monetary policy is one of the macroeconomic policies available for managing the economy. It is however important today because its effec... read more

The financial organization is considerably one of the largest industries in Nigeria providing employment for an estimated twenty two thousand people nationwide and generating 9% of the annual GDP of the country. Nigeria is considered to be one of the fastest growing telecommunication nations in Africa, investing heavily in ICT and related information technology Chiemeke et al (2006). One of its major investors has been the banks, however, with their major investments, the use ICT has arguably ha... read more

This study aims to evaluate the oil sector and the agricultural sector in Nigeria from 1981 to 2011. The role of agriculture in the Nigerian society has been very important, even in the pre-colonial era. The attractiveness of the Nigerian agricultural sector to the colonialist formed largely on the basis for the development of the railway system north of the coast through the east and west of the country since it was the need to evacuate agricultural products from the hinterland to the coast for... read more

There are lots of problems facing small scale enterprises world over. Although some of these problems are peculiar to many countries, the challenges faced by small scale enterprises in different countries and geopolitical divisions are basically the same. A study carried out by the Federal Office of Statistics shows that in Nigeria, small scale enterprises make up 80% of the economy (Ariyo, 2005). In spite of this importance, the mortality rate is very high as stated in Small and Medium Enterpri... read more

Banks seem to fall desperately behind the learning culture because training and development of their human element seem to be perceived as ancillary activities, rather than as pragmatic catalysts to business results. They fail to see the payback of investments in their human assets. They tend to see human expenses as something which needs to be minimized. Lack of continuous learning opportunities is because the focus of banks appears to be devolved to bottom-line, short term payback. Leaders hav... read more

The issue of external debt in Nigeria has become an immense status bestriding the main stream of international economy, and politics. Foreign aids are no longer used as instrument of assistance but as a weapon of oppression, suppression and perpetual under development. The need to examine and hence, utilize the machinery of foreign debt is anchored on a number of challenges and this includes: (i) Underdevelopment of the Nigeria Economy (ii) The unreliability of Domestic debt facil... read more