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

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 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

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 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

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 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

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 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

Today, millions of people in the world are without food especially in the developing world which has been of great concern as stipulated in the United Nations millennium development goal 1, sub-targets A, B and C to fight hunger, povertyand starvation across the world and ensure environmental sustainability(UNCSD, Aug, 2011) .This study investigated the consequences of population growth on agricultural production in Obingwa local government area in Nigeria. This is a survey type of research and ... read more

In developed and developing countries there are wide range of taxes and levies that affect individuals and companies, citizens and foreigners, manufacturers and marketers, workers and pensioners . In Nigeria taxes range from petroleum profits taxation to tenement rate imposition, and taxes are imposed at different levels to enable the government provide certain essential services and facilities to the population. Some of the issues involved are legal, economic, others are political, sociological... read more

The Emergence of the Global Financial Meltdown The global economy has been hit by the worst economic crisis since the Great Depression. What began as a meltdown of the United States sub-prime mortgage market in 2007, had grown steadily into a full blown economic crisis by 2008, wiping out trillions of dollars of financial wealth, undermining global trade and investment and putting the real economy on a course of protracted recession around the world (ILO, 2009.3; World Bank, 2009.1; Igbatayo, 20... read more

It would be observed that, despite the presumed developments in the Nigerian economy, the country is still largely being regarded as a developing country (Onyema, 2006). More so, its industrial growth is not quite impressive. Before the emergence of formal microfinance institutions, informal microfinance activities flourished all over the country. Traditionally, microfinance in Nigeria entails traditional informal practices such as local money lending, rotating credit and savings practices, c... read more

As the International Monetary Fund, IMF observed, the extent and severity of the crisis that began with the bursting of the housing bubble in the United States in August 2007 reflects the confluence of myriad of factors some of which are familiar from previous crises, while others are new. As in previous times of financial turmoil, the pre-crisis period was characterized by: (i) Surging asset prices that proved unsustainable; (ii) A prolonged credit expansion leading to accumulation of ... read more

In a depressed country like ours, global development is entering a phase where entrepreneurship will increasingly play a more important role. There is a need for the Nigerian economy to sustain growth through sustainable access to resources, knowledge, markets, and industrialization putting a premium on innovative entrepreneurship. There is no doubt that Nigeria is naturally blessed with entrepreneurship opportunities; yet the realization of the full potential of these opportunities has been ... read more

The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth and development because of its ability to facilitate and mobilize saving and investment. To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996). Success in capital accumulation and mobilization for development varies among nations, but it is largely dependent on domestic savi... read more

The A brief look at Nigeria today one can find out that we like fashion and everything new in Nigeria, the spirit that greeted the issue of globalization at its climax in 2000 seemed to have reduced. The word globalization also seems to have gone the internet, computerization and cyber café. Globalization as an economic concept has been viewed at differently by different academic scholars, to represent so many things. However, globalization has been defined by John Vogi (Vanguard 2003) to me... read more

Theoretic models of economic growth suggest that human capital accumulation is a significant determinant of rising per capita income. Microeconomic evidence of the positive relationship between schooling and wages supports this prediction. Estimates using macroeconomic data demonstrate that the initial stock of human capital is an important determinant of economic growth, but empirical estimates of the effects of changes in human capital (human capital accumulation) poorly match theoretic predic... read more

Crypto currency constitute as a subset of alternative currencies or better referred to as digital currency is a digital asset from block chain technology which is designed to function as a medium of exchange using cryptography to execute transactions and to control the creation of additional units of the currency. The evolution and advancement of economic revolution and the need to sustain the economy through advanced financial technology, through a new form of digital currency using encryp... read more

The world at large has suffered natural disasters (flood) throughout its long history. They displace and disrupt thousands of families, and having more traumatic effect in the poorest of nations, crippling what are often already woefully inadequate economic development efforts, and destroying infrastructure (Delaney et al, 2004). Natural disasters are happening more often and having an ever more dramatic effect on the world in terms of both their agricultural, human and economic costs. Floods ar... read more