The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist, financial institutions, business analyst and the government regarding the current economical status, logistics, and availability of instruments to guarantee economic growth and sta... read more

For any industry operate successfully there is need for it to be knowledgeable in the field of production, what it intends to achieve models, process, areas of application in production. This project looks into two different aspects of production i.e production scheduling and control. Production scheduling and control as a part of the function of management deals with the scheduling and controlling of physical resource to be used by an enterprises to produce goods and services. By (Aleje A. B... read more

Remuneration refers to the mode of compensating the workers exerting their energy or spending their time in accomplishing their organizations objectives. Remuneration can be in monetary terms or in form of services. A monetary term is of course in form of wages and salaries and part of fringe benefits like housing and transportation allowances. Compensation package has three major components which are wages and salaries, fringe benefits and the other one is incentive schemes. Remuneration whi... read more

A firm usually evaluates its working capital management whether small or medium. The sole motive of every business is to make profit. Many organization can be seen to have bee forced out of business simply because of inadequate or excessive management of working capital. This could be as a result of overtrading, under trading, lack of a careful appraisal of the procedure of organization of business and probably due to future to review the effectiveness or other wise of existing system of c... read more

Nigeria, like most developing countries is an “Information poor” country. Most of Nigeria’s wealth and power comes from the control of physical assets-land, oil, iron steel, coal e.t.c But in the 21st century, this cannot continue to happen. The main source of value and competitive advantage in the new economy is human and intellectual capital. With a present population of about 150 million people, Nigeria in theory has the capacity to make a successful transition into a truly knowledge dr... read more

Knowledge management was scientific discipline in earlier 1990s, supported solely by practitioners after sometime Leif Eduinsson of Sweden, the world’s first chief knowledge officer (CKO) became interested in not only practical but also theoretical aspects of knowledge management. Knowledge management (km) comprises ranges of strategies and practices used in an organization to identify, create, represent, distribute and enable adoption of insights and experiences, such insight and experienc... read more

The failure of the market to allocate resources efficiently provided a reason for considering other supplementary mechanisms for allocating resources directly, (e.g. public provision of goods and services) or for considering corrective devices that can interfere with the price mechanism so as to induce the market to function more effectively and efficiently in resource allocation. This has resulted in the intervention of government in the allocation of resources, through the provision of public ... read more

Traditional budgeting has been criticized for a long time now for its inadequacy as a means of management control. Criticisms concerning its inadequate practices in a changing business environment emerged as early as the mid 1980’s with Johnson and Kaplan (1987) seminal book relevance lost? It called also note from the work of Allen (1998). Who stated that the rapid changes in today’s business environment renders a rigid approach to budgetary control obsolete. It is no longer helpful in h... read more

Corporate Governance is a number of process, customers, policies, laws and institutions which impacts on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in the business and mechanisms that try to decrease the principal agent problem (Wikipedia, 2011). Corporate Governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. In contemporary busin... read more

The role of the capital market in the revolutionisation of the economy cannot be over emphasize especially when one considers the high level of financial intermediation it conducts as regards its role in channeling funds in large amount from surplus areas to deficit areas. The capital market refers to the market trading in medium and long term financial instrument with maturities which exceeds one year. In other words, it is the market that enables government and companies to raise long term ... read more

Corporate Governance is a number of process, customers, policies, laws and institutions which impacts on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in the business and mechanisms that try to decrease the principal agent problem (Wikipedia, 2011). Corporate Governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. In contemporary busin... read more

The world’s leading textile country is China which holds approximately 45 percent of global textile and garment production, while India holds a share of around 20 percent and yet in both countries, their textile SMEs are the biggest contributors to the National economy (National Union of Textile Garments and Tailoring Workers of Nigeria Publication 2008). The textile industry belongs to the so-called first generation industry. The textile industry in Nigeria was the third largest in Africa... read more

Fiscal policy has traditionally been related to the use of taxation and public expenditure to influence economic activities of a country. The implementation of fiscal policy is basically rooted in the budget of the government. The most vital aspect of a public budget is its use as an instrument to manage an economy (Omitogun & Ayinla, 2007). Fiscal policy is a deliberate action of government which entails the use of government spending, taxation and borrowing to control the pattern of economic a... read more

Since the attachment of independent in 1960 various policies of the Nigeria government have been geared essentially towards promoting the growth and development of the Nigeria economy by influencing the trends of gross fixed domestic investment or indirectly through policies aimed at stimulating the flow of foreign finance in any growing economy. This is so given that in the literature there are divergent views on the nature of effects of foreign direct investment has been argued to be the most ... read more

The relationship between government expenditure and economic growth has continued series of debate among scholars. Keynes (1936) posit that the solution to economic depression is to induce the firms to invest through some combination of reduction in interest rates and government capital investment including infrastructure. This claim that an increase in government expenditure promotes economic development is not supported by all scholars. A good number of prominent authors especially of the n... read more

Over the years, the term ethics in organizational performance has long been associated with management scholars and business leaders around the world. There is a broad agreement around the world that as a matter of corporate policy, every organization strives to be committed in a manner that is ethically transparent. Steinberg (1994) argued that ethics in the world of organization’s business involve “ordinary decency” which encompasses such areas as integrity, honesty and fairness. Behavin... read more

The oil boom of the 1970s led Nigeria to neglect its agricultural and light manufacturing bases in favor of an unhealthy dependence on crude oil. In 2000, oil and gas export accounted for more than 98% of export earning and about 83% of federal government revenue. New oil wealth, the concurrent decline of other economic sector and a lurch toward a static economic model fueled massive migration to the cities and led to increasingly wide spread poverty especially in rural areas. A collapse of basi... read more

Business environment is increasingly and constantly changing. There is therefore uncertainty about the future as new situations such as technological advancement, new societal trends, new economic forces or newly enacted government regulations emerge. Nigerian Bottling Company Limited also operating in markets where competition is keen and many large competitors are present. In order to survive in a dynamic and fast changing turbulent environment and therefore succeed in competitive markets, an... read more

Companies, like any living organism, must become learning organization that change and adapt to suit their changing business environment. In today’s dynamic business environment, many organizations are increasingly realizing that globalization is making the world smaller and more competitive. A change in one aspect impacts another immediately. However, when you do not practice the change management that looks after the future, the future will not look after you. The tendency for successful ... read more

Inflation has become a leading topic of discussion in Nigerian families and other countries of the world. The press as its effect penetrates more deeply into the nation’s life. It has become something of a platitude to say that sharp, continuous increase in price is among the serious economic problems of our time. Indeed, the problem is so great that unless it is brought under control, inflation will destroy the very fabric of our societies. Inflation is generally used to describe a situati... read more