market in a new manner with an intention of gaining more profit Meanwhile ‘financial innovation’ describes generations creating new or creative approaches to reduce cost‚ reduce risk‚ and produce an improved product‚ services or financial system. Bank is the most involved party in these types of innovations (Birenjan‚2010) There are two type of financial innovation: 1. New
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collect‚ manipulate‚ and disseminate data and information and provide a feedback mechanism to meet an objective. 2. What consists of raw facts‚ such as an employee number? a. bytes b. data c. information d. knowledge Knowing the potential impact of information systems and having the ability to put this knowledge to work can result in a successful personal career‚ organizations that reach their goals‚ and a society with a higher quality of life. 3. A(n) ______________ consists of hardware
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growth of the Nigerian Stock Exchange (NSE) ; the hub of the Nigerian capital market and it effect on the economic development of Nigeria using time series data from 1995 to 2005. Studies reveal that there have been a remarkable growth in the capital market during the period under study like non-other as far as security issue is concerned in Nigerian. The research findings‚ found a positive and significant relationship between the value of new issues‚ rate of returns on securities‚ the bank recapitalization
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TINTED GLASS ON CARS IMPORTED BY NIGERIANS The Police High Command has observed with concern the unnecessary controversies that have trailed the recent IGP’s announcement on the ban on the indiscriminate use of tinted glasses on vehicles plying Nigerian roads. The Force has observed that one of the issues that has generated so much contention and sometimes endless arguments between Police Officers enforcing the ban on the one hand‚ and motorists on the other hand‚ is the contention by some
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COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the
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FRAUD PREVENTION AND CONTROL IN NIGERIAN PUBLIC SERVICE: THE NEED FOR A DIMENSIONAL APPROACH BY BELLO SABO Department of Business Administration‚ A.B.U. Zaria ABSTRACT This article addresses some fundamental issues on fraud prevention and control and their implications on socio-economic development of Nigeria using its public sector machinery. Using the records compiled from early study covering 637 reported fraud cases in Nigeria‚ which were committed between 1970-1990 in respect
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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on The Impact of Motivation on Employee Job Performance The Impact of Motivation on Employee Job Performance Introduction People within an organization are harmoniously working together to satisfy one certain goal‚ whether short or long-term goal. The organization‚ as the collection of people‚ are expected to be deliver the best assets that they have which are the people bearing the knowledge and skills suitable to their position in the organization. Through the desirable performances of the
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THE IMPACT OF THE AGRICULTURAL SECTOR ON NIGERIA ECONOMIC GROWTH PERFORMANCE (1980-2009) ABSTRACT The study set out to ascertain the extent to which Agricultural sector has contributed to the growth of Nigerian economy from 1980 to 2009. As a guide to the study‚ the following hypotheses were formulated: (1) there is no statistical significance between Nigerian agricultural output and real gross domestic product (2) there is no statistical significance relationship between exchange rate fluctuation
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Investment bank Vs. Commercial banks Many factors directly and indirectly caused the ongoing 2007–2012 global financial crisis which started with the US subprime mortgage crisis. One of the main culprits that is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products‚ where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of
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