carried out by Sanusi Lamido Sanusi‚ governor of the Central Bank of Nigeria (CBN)‚ in the banking industry appear desirable. The CBN aims at ensuring the stability and soundness of Nigeria’s banking industry within the shortest possible time. However‚ the unintended negative effects of these present reforms of the banking sector on national economy are awful. The CBN Governor swept away chief executives of five commercial banks in Nigeria in one fell swoop. The decision took many Nigerians by surprise
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with the responsibility to fight corruption and other related offences in Nigeria. It was set up and empowered by the Corrupt Practices and Other Related Offences Act 2000.ICPC was inaugurated on the 29th of September 2000 with a Chairman and 12 Members. Section 3(14) of the Act ensures the independence of the Commission as not being subject to the direction or control of any person or authority. BACKGROUND Nigeria has been stigmatized by the international community as the second most corrupt
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MTN NIGERIA COMMUNICATIONS LIMITED Prior to 1999‚ which heralded the return of democracy to the Federal Republic of Nigeria‚ 30 companies had the Digital Mobile License (DML). None of these companies were fully operational as the lacked the technical and financial capability to operate the DML. Aside from the digital mobile licensee‚ the only active player who was more or less a monopoly was Nitel. The advent of democracy resulted in the appointment of a new regulator for the telecommunications
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‘ THE DEARTH OF RESEARCHIN NIGERIA A case study of Oyo State INTRODUCTION Research and development remained the bedrock of any self reliant national economy. Agrarian‚ Industrial‚ communication technology‚ educational revolutions have all been made possible as a result of research and development. This clearly shows the extent in which research and development contributes to an effective transition from one level of development to another. Little wonder then‚ when President
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COPYRIGHT Laws and regulations govern every profession whether they are formally enacted as laws or accepted as conventions‚ thus journalism is no exception‚ there are many minefields through which a media professional must walk‚ in the course of his work‚ and unless he equips himself with a minesweeper to detect the dangerous explosives buried in the ground tto ambush him‚ he is liable to sustain serious injuries. The laws governing journalism‚ have been designed to prevent invasion of individual’s
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their shareholders. Consequently‚ they must streamline their processes in order to drive real‚ profitable growth‚ while ensuring that they effectively meet the demands of both customers and consumers. Guinness Nigeria Plc‚ the second largest player (by Volume) in the brewery industry in Nigeria has experienced significant growth in recent years in spite of the harsh terrain. This is attributable to the strategy it adopted in addressing the challenges posed by the environment. Their strategy is to continue
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ADMINISTRATION AHMADU BELLO UNIVERSITY‚ ZARIA Abstract In recent times‚ instability in the financial system and the banking sector in particular has arisen from institutional failures as in the past. In Nigeria‚ the lesson of the earlier bank failures appeared to have been forgotten as generalized distress swept the banking sub-sector and systemic distress gripped the finance house sub-sector. This study assesses the distress phenomenon and empirically analyses
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THE AGRICULTURAL POLICY IN NIGERIA AGRICULTURE IN NIGERIA: THE NEW POLICY THRUST 1.0 PREAMBLE Agriculture in the context of the economy is tied with the various sectors and is essential for generating broad based growth necessary for development. Agriculture I~ fundamental to the sustenance of life and is the bedrock of economic development‚ especially in the provision of adequate and nutritious food so vital for human development and industrial raw materials for industry. Sustainable agricultural
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PUBLIC BUDGET AND BUDGETARY CONTROL IN NIGERIA INTRODUCTION In many ways budget documents are the most important manifestation of public they record the outcome of the political process: winners and losers of the political competition. They delineate government total service effort. As political documents budget allocate scarce resources among competing social and economic needs. As managerial documents they specify the ways and means for providing for government services. By establishing
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Introduction The expansion of International Trade and the accessibility to foreign stock and debt market has given rise to an increase debate on whether or not there is need to be a global set of accounting standards. As companies compete globally for scarce resources‚ investors and creditors as well as multinational companies are required to bear the cost of reconciling financial statements that are prepared using national standards. It was argued that a common set of practices will provide a “level
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