that corporate governance is about ensuring that the business is run well and investors receive a fair return. The Organization for Economic Cooperation and Development (OECD) report provides a more encompassing definition of corporate governance. It defines corporate governance as the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation such as
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Applied Econometrics and International Development. AEID.Vol. 5-2 (2005) MONETARY POLICY AND MACROECONOMIC INSTABILITY IN NIGERIA: A RATIONAL EXPECTATION APPROACH FERIDUN‚ Mete * FOLAWEWO‚ Abiodun OSINUBI‚ Tokunbo Abstract Generally‚ both fiscal and monetary policies seek at achieving relative macroeconomic stability. Based o countries’ experience on n the role of monetary policy in controlling economics instability‚ this study examines the efficacy of monetary policy in controlling
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NIGERIA AND OIL By: Fariha Ahsan‚ period 5 This article displays a vivid picture for us about the conditions in Nigeria due to the oil reserves. Though Nigeria contained the potential to strive and become a wealthy oil nation‚ leaving the cocoon of poverty encompassing Africa- it became trapped in a lot of corrupt dealings. Today‚ the Niger Delta in Nigeria has caught the attention of world wide humanitarian and environmental activists. The article states how in the past‚ the corrupt government
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THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
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by the residents of Maiduguri because of its strong opposition to Western education‚ which it sees as corrupting Muslims. Mohammed Yusuf established a religious complex that included a mosque and a school in 2002. Many poor families from across Nigeria and from neighboring countries enrolled their children in the school‚ which also served as a recruiting center for jihadis to fight the Nigerian State. In 2004 it moved to Kanamma‚ Yobe State‚ where it set up a base called "Afghanistan"‚ used to
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THREE YEARS OF GSM REVOLUTION IN NIGERIA By Ernest C. Ndukwe‚ Executive Vice Chairman‚ Nigerian Communications Commission (NCC) INTRODUCTION ♦ Telecommunications is acknowledged as one of the most important infrastructures essential to the socio-economic well-being of any nation. ♦ The globalisation of world economy has further amplified the importance of telecommunications to the economy. ♦ The Telecommunication Sector is one of the fastest-growing sectors‚ and in terms of capitalization
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Supply Chain Management at Dalmia Cements Synopsis Dalmia Cement Limited is a 60-year old company with the cement division contributing around 85% of its revenues. The cement manufacturing plant is located in Dalmiapuram from where it is transported to 7 regional depots‚ with each depot serving 1 zone. The company operates in only two states—Tamil Nadu and Kerala. Excess capacities in the northern and western regions are likely to result in price erosion in the south as well. Given the fact
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Alleviating Poverty in Nigeria By Anthony Maduagwu ( aka -Toniman ) The Nigerian government is once again embarking on another attempt to alleviate poverty. This present one looks like it is heading the same way the past ones headed and subsequently failed. Amongst the reasons why the past poverty alleviation attempts failed were - ( 1 ) the politics of personal rule - a distinctive type of political system in which the rivalries and
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when oil prices jumped to almost $40/bbl‚ the Since the oil prices collapse in the early 1980s‚ Nigeria experienced rapid external debt built-up and dwindling foreign exchange reserves: public and publicly guaranteed external debt increased from $4.3 billion to $11.2 billion‚ while foreign exchange reserves were almost exhausted‚ from $10 billion to $1.23 billion‚ all between 1981 and 1983. Nigeria had to borrow heavily from commercial sources‚
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Topic: Controversies of Census Figures. Case study: Nigeria The first census was held in Nigeria in 1866. The colonial authorities conducted other census exercises in 1871‚ 1901 and 1911‚ whereas all these covered only the Lagos colony and in 1911‚ the southern protectorate. The first nationwide census involving the north and south were organized in 1921. There was also the 1931 census and the 3-year 1951-1953 census. The 1963 census was upheld but only because the Supreme Court ruled against
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