Development and Social Welfare Programmes in Nigeria****** National Youth Service Corps (NYSC) Historical Background The National Youth Service Corps is a scheme set up by the Nigerian government to involve the country ’s graduate – youth‚ in the development of the country. It is an organization that was established to ensure improved ties among the Nigerian people through her beloved youth‚ following the unfortunate event of the Civil War (July 1967 – 15 January 1970). General Yakubu Gowon’s administration
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1. DEFINITION: FOREIGN EXCHANGE One of the largest businesses carried out by the commercial bank is foreign trading. The trade among various countries falls for close link between the parties dealing in trade. The situation calls for expertise in the field of foreign operations. The bank‚ which provides such operation‚ is referred to as rending international banking operation. Mainly transactions with overseas countries are respects of import; export and foreign remittance come under the preview
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WP/04/97 Achieving and Maintaining Price Stability in Nigeria Nicoletta Batini © 2004 International Monetary Fund WP/04/97 IMF Working Paper Research Department Achieving and Maintaining Price Stability in Nigeria Prepared by Nicoletta Batini1 Authorized for distribution by James Morsink June 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent
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emerging as a vital factor in socioeconomic development and hence‚ have a crucial role to play in addressing development challenges. Onyeke (2008:319) wrote on the appreciation of information technology in Nigeria banks and pointed out that information technology is becoming the backbone of banks’ services regeneration in Nigeria. He cited the Diamond Integrated Banking Services (DIBS) of Diamond Bank Limited and Electronic Smart Card Account (ESCA) of Eco Bank Limited as efforts geared towards creating
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Growth and Development of Paksitani Media Pak inherited 05 radio channel son its birth. International Trend played important role in development of Mass Media in Pakistan. Initial decades of Pakistani Media’s history have been dominated by PTV. 2. Government was compelled to permit freedom of media (a)Liberalization of airway in India led to mushroom growth of TV channels (b)In Kargil war India was able to sell its viewpoint to the world and cashed on its version while Pak suffered since
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Internship Report on Consumer Credit Scheme of Commercial Banks in Bangladesh –A case Study on Janata Bank Ltd. Submitted By ANZUMAN ARA ID #50815036 15th Batch Supervised By Shibli Rubayat Ul Islam Professor Department of Banking University of Dhaka Department of Banking Faculty of Business Studies University of Dhaka October27‚ 2011 DECLARATION I do hereby declare that this internship report
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GLOBALIZATION AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM NIGERIA By KELECHI IYOKO. Abstract The concomitant unequal distribution of the benefits of Globalisation and the fear expressed by most developing countries about the negative impact of globalization‚ has made the question on the relationship between globalization (characterized by foreign direct investment‚ economy openness and net capital flows) and Economic Growth both in developed and developing countries lie at the heart
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rates of economic growth as well as transforming their economy into an industrial economy. In the last few decades‚ the world’s most populous nation has liberalised its economy and gone from producing low-quality and simple exports to sophisticated high-technology goods while attracting nearly $500 Billion in foreign direct investment (FDI). The Chinese government also implemented many strategies to do this and it has resulted in China overtaking the United States as the world’s growth engine. The emergence
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West Africa and bordering the Atlantic‚ Nigeria is a big country that occupies 356‚667 square miles with a total population of 168 million. Nigeria is abundant in natural resources like coal‚ gold‚ lead‚ iron‚ salt‚ copper‚ and zinc‚ but it is best known as a big producer of oil. Thanks to its size‚ population‚ and resources‚ Nigeria is dubbed as “the giant of Africa” (Falola‚ 4). According to World Bank Data of 2010‚ Nigeria has an annual percentage growth rate as 8.0%‚ one of the world’s highest
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Adverse Effects of NPA on the Working of Commercial Banks NPA has affected the profitability‚ liquidity and competitive functioning of PSBs and finally the psychology of the bankers in respect of their disposition towards credit delivery and credit expansion. Impact on Profitability Between 01.04.93 to 31.03.2001Commercial banks incurred a total amount of Rs.31251 Crores towards provisioning NPA. This has brought Net NPA to Rs.32632 Crores or 6.2% of net advances. To this extent the problem
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