structure to banking in Nigeria is a relatively recent invention. Prior to 1952 there was no legislation governing the banking system in Nigeria. The British Bank of West Africa (BBWA) started operating in Nigeria by the year 1892. After the BBWA‚ Barclays Bank became the second expatriate bank to operate in Nigeria by the year 1917. The first indigenous bank‚ The Bank of Nigeria was founded in the year 1933 and also operated successfully. After the World War 11‚ British rule over Nigeria weakened with the
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MONEY AND POLITICS IN NIGERIA Since the return to electoral politics in 1999‚ and particularly after the 2003 general elections‚ Nigeria ’s political parties have been criticized by the media‚ academics‚ observers and the electorate for corrupt and unbridled use of money in politics. The anti-corruption initiatives of the administration of Chief Olusegun Obasanjo provided a suitable environment for some civil society groups to engage governments and other stakeholders on the issue of corruption
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Living in a dormitory or living in an apartment Education plays an importan role in students’ life. That is‚ the future success of individuals is based on the type and quality of education they receive. Especially‚ university education determines one’ s future and quality of life. For this reason‚ students try to seek better education opportunities to improve their knowledge and skills. While some students attend universities in the city they live in‚ others may have to move to other cities and
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Article: 2 Problems and Prospects of Open and Distance Education in Nigeria Mudasiru Olalere YUSUF (Ph.D) Senior lecturer (Educational Technology) Department of Curriculum Studies and Educational Technology‚ Faculty of Education University of Ilorin‚ Ilorin NIGERIA ABSTRACT Distance education as a mean of providing access to education‚ particularly tertiary level education‚ has gained great prominence in the world. Nigeria has taken giant steps of recent to introduce open and distance education
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Religion and corruption in Nigeria In the constitution of our nation religion feature prominently at the very beginning. I the preamble to the 199 constitution‚ it is affirmed and solemnly resolved that we intend to live in hrity and harmony as one indivisible and in dissolvable fevereigh nation under God. Indeed the overwhelming mighty of Nigerian are religions people we believe in the supremacy of God‚ we believe that God is the very basis of our individual lives and our corporate existence.
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The term entrepreneur ( /ˌɒntrəprəˈnɜr/) is a loanword from French and was first defined by the Irish-French economist Richard Cantillon as the person who pays a certain price for a product to resell it at an uncertain price‚ thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. The term first appeared in the French Dictionary "Dictionnaire Universel de Commerce" of Jacques des Bruslons published in 1723. Over time‚ scholars have defined
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The Impact of the Islamic Religion on the Harmonisation of International Accounting Standards Justin Lingard – S200990 October 2010 Table of Contents Introduction 4 User requirements of financial reports 5 IFRS Compliance Issues with Shari ‘a law 6 Riba 6 Gharar 7 Zakat 7 Conclusion 8 References 10 Introduction Islam is the world’s second largest religion with over 1.65 billion followers‚ which constitutes 24% of the world’s population (Kettani‚ 2010). Islam is a religion
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government‚ Nigeria and Iran have two separate ways of intertwining the two in their states. Nigeria is known for its strong military presence within the government. The degree of militarism in Nigeria is high because of their past history being under civilian rule. During the first forty years of Nigeria’s independence‚ this state only lasted ten years under a civilian government. A few years after the downfall of their civilian government‚ they soon fell under military rule. Nigeria has always
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Economic Issues Economic Growth Economic Growth involves an increase in the volume of goods and services that an economy produces over a period of time. It is measured by the annual rate of change in real Gross Domestic Product (GDP)‚ i.e. the percentage increase in the value of goods and services produced in an economy over a period of time‚ usually one year‚ adjusted for inflation Aggregate Demand Aggregate Demand (AD) is the total level of expenditure in the economy over a given period
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economies. Most developing countries such as Pakistan now considered FDI as the major external source of funding to meet obligations of resources gap and economic growth‚ however it is difficult to measure economic effects with precision. Nevertheless‚ various empirical studies showed a significant role of inward FDI in economic growth of the developing countries‚ through its contribution in human resources‚ capital formation‚ enhancing of organizational and managerial skills‚ and transfer of technology
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