SUBSIDIARY LEGISLATION: Arrangement of sections Chapter I General Provisions Part I Federal Republic of Nigeria 1. Supremacy of constitution. 2 The Federal Republic of Nigeria. 3 States of the Federation and the Federal Capital Territory‚ Abuja. Part II Powers of the Federal Republic of Nigeria 4. Legislative powers. 5 Executive powers. 6 Judicial powers 7. Local government system. 8 New states and boundary adjustment‚ etc. 9 Mode
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ROLE OF HUMAN CAPITAL IN ECONOMIC DEVELOPMENT: AN EMPIRICAL STUDY OF NIGERIAN CASE By Risikat Oladoyin S. Dauda‚ Ph.D Department of Economics University of Lagos Akoka‚ Lagos E-mail: rissydauda@yahoo.com rdauda@unilag.edu.ng ABSTRACT Although several theories of endogenous growth point towards a positive effect of human capital on growth‚ empirical evidence on this issue has been mixed. Despite various efforts of the successive Nigerian governments‚ virtually all indices of human
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Role of capital market in the context of development of nation What is Capital Market? Institutional arrangements for facilitating the borrowing and lending of long term funds. INVESTORS IN CAPITAL MARKET Role of capital market Capital Formation Economic Growth Development of backward area Generates Employment Long Term Capital to Industrial Sector Generation of Foreign Capital Developing Role of Financial Institution Investment Opportunities Capital Formation Rate of capital
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is to take advantage of the resources of the host country to better the home country. Such action has produced a vile reaction from many scholars. Onimode 1982‚ a Nigerian economic scholar said MNE are monsters that have constantly and steadily crippled the Nigeria economy. MNE in Nigeria have the protection and support of the Nigerian government which has lead to the
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Answer to Question 1: Efficient Market Hypothesis was firstly brought forward by E. Fama in 1960s. Its main believing is in that security prices fully reflect all available information in an efficient market‚ which allows investors to earn no above average risk-adjusted return (Fama‚ 1965). Although some technical studies and opportunistic investors have stretched hard in searching for proofs to challenge the efficient market hypothesis‚ and to prove above average returns could be gained by predicting
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HISTORICAL BACKGROUND OF THE NIGERIA CUSTOMS SERVICE. 1. INTRODUCTION The present-day Nigeria Customs Service is Paramilitary Organization‚ which operates under the supervision of the Federal Ministry of Finance as an arm of the Nation’s Law Enforcement and Revenue System. It remains the most important sector (after crude oil) that generates substantial revenue for the development of the Nigeria economy. By virtue of the Customs and Excise Management Act No. 55 of 1958 (Cap. 84 of the
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Nigerian Culture Today Globalization is something that has left not one place on this earth untouched. Everywhere‚ countries are constantly changing and adapting their cultures to become more industrialized and urbanized – more modern. Nigeria is one of those countries. Like most globalized countries‚ Nigeria has strayed far from the path of traditional culture‚ and adopted numerous new aspects of culture of a global nature. In Nigeria‚ though‚ globalization has occurred rather quickly.
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An Inflection Point in Chinese Capital Markets JC de Swaan Caijing Magazine July 3rd‚ 2009 The institutional development of Chinese capital markets has lagged – while a growing body of academic literature has demonstrated the positive linkages between the development of capital markets and economic growth‚ China has managed to grow at a breath-taking 10% CAGR over the last 30 years despite lacking commensurately developed capital markets. Several announcements in the past months suggest a potential
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Recommendations on Capital Markets Governance & Investor Protection 1 Recommendations 1. CAPITAL MARKETS – CHALLENGES‚ OPPORTUNITIES FOR INNOVATION During the discussion on Capital Markets – Challenges‚ Opportunities for Innovation‚ the experts suggested as under: Expand the retail investor base - For a developed Capital market‚ there is need to expand the participation of retail investor and also enhance the investor morale and domestic allocation. Following are the suggested
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debt. Equity is typically a form of permanent capital in the capital framework of a company while debt is typically nonpermanent with a variety of forms. This course focuses on Dept with special emphasis on the Debt Capital Markets. A debt instrument is a document that in it’s simplest form is a promise to repay an amount of borrowed money plus interest. Most commercial enterprises source their term debt from either banks or the capital markets. Bank debt is intermediated debt (that is provided
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