Year: 2019

THE IMPACT OF INFORMATION TECHNOLOGY ON THE GROWTH AND DEVELOPMENT OF BANKING INDUSTRY IN NIGERIA. A CASE STUDY OF UNITED BAN FOR AFRICA PLC (BA), FIRST BANK OF NIGERIA PLC (FBN) AND ZENITH BANK PLC

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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Information to a modern organization is a resource that is parallel in importance to land, labour and capital. It is a very vital and priceless resource. For centuries, man has tried to collate, store, process and retrieve information, and most importantly distribute or communicate it via the … Read more

THE IMPACT OF FOREIGN DIRECT INVESTMENT ON THE NIGERIAN BANKING SECTOR

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  1.0 CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY Foreign direct investment is viewed as a major stimulus to economic growth in developing countries. Its ability to deal with two major obstacles, namely, shortages of financial resources and technology and skills, has made it the centre of attention for policy-makers in low-income countries in particular. … Read more

THE IMPACT OF EXTERNAL DEBT MANAGEMENT ON THE NIGERIA ECONOMY

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                                       CHAPTER ONE                                        INTRODUCTION 1.1       BACKGROUND OF THE STUDY It is generally expected that developing countries, facing scarcity of capital, will acquire external debt to supplement domestic saving. The rate at which they borrow externally—the “sustainable” level of foreign borrowing—depends on the links among external and domestic saving, investment, and economic growth. The main … Read more

THE IMPACT OF DIVIDEND POLICY AND EARNINGS ON STOCK PRICES OF NIGERIA BANKS

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CHAPTER ONE INTRODUCTION  1.1     BACKGROUND OF THE STUDY The subject matter of dividend policy remains one of the most controversial issues in corporate finance. For a very long time now, financial economists have engaged in modeling and examining corporate dividend policy and earnings as they affect banks stock prices in Nigeria (Amidu, 2007). Black (1976) hinted that, “The harder we look at the … Read more

THE IMPACT OF DIVIDEND AND CORPORATE EARNINGS ON STOCK PRICES

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CHAPTER ONE INTRODUCTION   1.1       BACKGROUND OF THE STUDY In a competitive economy, it is clear that investments are undertaken due to the available benefits perceived or which they provide to the investors.  Investment in securities are for the purpose of earning income which could be in form of dividends, profits or/capital gains. With this … Read more

THE IMPACT OF DEBT FINANCING ON VALUE OF NIGERIAN FIRMS

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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Modigliani-Miller theorem is one of the cornerstones of modern corporate finance. At its heart, the theorem is an irrelevance proposition; the Modigliani-Miller theorem provides conditions under which a firm’s financial mix does not affect its value. No wonder, Modigliani (1980, xiii) explains the theorem as follows: … Read more

THE IMPACT OF CAPITALIZATION ON THE BANKING INDUSTRY AND THE NIGERIAN ECONOMY (AN EVALUATION)

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CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY The ultimate strength of a bank lies in its capital fund. Banking, like any other business, requires adequate capital to function effectively (Nwankwo, 1991:45). Though by nature, banking is a highly leveraged industry, the degree of leverage averaging 88% and 95% in the United States, compared with … Read more

THE IMPACT OF AGRICULTURAL CREDIT ON AGRICULTURAL PRODUCTIVITY IN NIGERIA

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CHAPTER ONE INTRODUCTION 1.1       Background of the Study Agricultural Production in Nigeria is progressively on the decline in terms of its contribution to the Gross Domestic Product (GDP) as well as satisfying the country’s food requirement, despite the fact that about 70 per cent of the population engage in agriculture, thus Nigeria agricultural sector is … Read more

THE FINANCIAL SYSTEM AND ECONOMIC GROWTH IN NIGERIA

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CHAPTER ONE INTRODUCTION 1.1       Background of the Study A financial system is a set of rules, regulations and the aggregation of financial arrangement, institutions and agents that interact with each other and the rest of the world to foster economic growth and development of a nation (Nzotta and Okereke, 2009). According to Nwude (2004), financial … Read more

THE EFFECT OF THE RECENT GLOBAL FINANCIAL MELTDOWN ON THE NIGERIA ECONOMY,AN EVALUATION

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CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF THE STUDY Never since the 1930’s Great depression has the world faced such level of financial crisis as the current credit crunch that has threatened to undermine the stability of the world’s economic system and in turn rewrite economic theories that have hitherto been regarded as sacrosanct. The … Read more

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