INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚4011. Nigeria also has the second largest economy in Africa . If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and the private sector had discussed
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Quarterly update – December 2013 Final analysis by Nenad Pacek Business and economic outlook Nigeria • • • • • • • • • • • • • Executive summary Facts Economic fundamentals Strategic business importance Corporate sales and profit trends Growth trends and drivers Household consumption trends Gross fixed investment trends Government spending trends Currency outlook Interest rates and inflation outlook Political risks to be aware of Forecast table Contents
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regulate the energy industry. (30) Government regulation is when they impose a wide range of laws and regulations to influence the way the market works. The current regulator of the UK energy industry is OFGEM‚ and they are currently investigating into all of the big 6 energy suppliers that dominate the UK market. The main reason behind government intervention is to reduce or prevent market failure. Market failure is defined as the failure to allocate resources efficiently. The UK energy market is said
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making it impossible for them to prosper (Edokpayi‚ 2004). To explore this issue I wish to analyze the effect of globalization on one of the richest countries in resources in Africa – Nigeria. I want to explore in particular the negative and positive effects that oil prospecting has had in the Niger Delta region of Nigeria‚ economically‚ socially and environmentally. I also wish to analyze the extent to which the Nigerian government is responsible for the region’s lack of economic prosperity. My hypothesis
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first in the 1950s. Nigeria had it’s first appearance in the Helsinki Olympic Games in 1952‚ and it’s first victory in 1954‚ when Emmanuel Ifeanjuna won a gold medal in the high jump at the Commonwealth games in Cardiff. In 1962‚ the Nationals Sports Council was set up‚ and in 1971‚ the National Sports Commission‚ and they had the following responsibilities (stated exactly as is): * To coordinate and integrate efforts to raise the standard of performance in sports in Nigeria. * To encourage
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Electronic Retail Payment Systems: User Acceptability and Payment Problems in Nigeria 1.1 Introduction The world has witnessed an upsurge of electronic payment instruments meant to facilitate trade and simplify payments. (Abor‚ 2004) Before the introduction of electronic payment into the Nigerian banking system‚ all customers had to walk into the actual bank to do transaction of all kinds. Customers had to queue up and spend more hours to talk to a teller to make their transactions. (Abor‚ 2004)
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Soft Drink Tax I am a very concerned parent because I don’t want my child drinking soft drinks and being unhealthy. My opinion is that they should introduce a soft drink tax to help people. I think if they do introduce a soft drink tax people wont be drinking soft drinks that regularly and will stop buying them. What responsible parent would put 16 teaspoons of sugar on their child’s cereal? This is what we are letting them consume when we give a child a 600ml soft drink‚ which contains 16 teaspoons
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Sugary Drinks By:Alexzandria Gipson Sugar ..Drinks...Tax…Should there be tax on sugary drink?There should be tax on sugary drink because it could help with health problems and it can also help save money. One reason why there should be tax on sugary drinks is because it could encourage people to be healthy.One example why there should be tax onsugary drinks is because they could help with diabetes. They would be discouraged because there would be tax. Another reason why there should be tax on
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COPYRIGHT PROTECTION IN NIGERIA You would recall that in my last article‚ I stated that there is no centralized system of registering copyright in Nigeria. I stated that a “work” which is the subject not the copyright need not be registered before it can be protected under the law. In the process of patenting an invention‚ I came across a process known as copyright notification and I think it is important that I share it with you (You are probably wondering what Patent registration has to do with
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ameliorating the problem. A sample of 100 respondents taken in Benin City‚ capital of Edo State‚ Nigeria was studied by means of field survey tool of questionnaire and the response to rating scale questions were tested for significance using the "t-test". The analysis revealed that respondents did not view unofficial borrowing and foreign exchange malpractice as forms of bank fraud since they were common and an industry wide practice. It also revealed that there was an equal level of staff involvement in initiating
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