The debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the living
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THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
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CHAPTER ONE INTRODUCTION 1.0 BACKGROUND INFORMATION TO THE STUDY The study of profits is important not only because of the information it provides about the health of the economy in any given year‚ but also because profits are a key determinant of growth and employment in the medium-term. Changes in profitability are an important contributor to economic progress via the influence profits have on the investment and savings decisions of companies. This is because a rise in profits improves the cash
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Pre-Feasibility Study CALF FATTENING FARM (FEEDLOT SYSTEM) Small and Medium Enterprise Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th Floor LDA Plaza Egerton Road‚ Lahore Tel 111 111 456‚ Fax 6304926-7 Website www.smeda.org.pk REGIONAL OFFICE PUNJAB 8 th Floor‚ LDA Plaza‚ Lahore‚ Tel: (042) 111-111-456 Fax: (042)6304926-7 helpdesk@smeda.org.pk REGIONAL OFFICE SINDH 5TH Floor‚ Bahria Complex II‚ M.T. Khan Road‚ Karachi. Tel: (021) 111-111-456 Fax: (021)
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My experience of oppression when I was in Nigeria Women are exploited and face oppression every day mostly single women.. In the workplace women are forced into low paying‚ insecure and in the community. Women’s problem does not stop at the work place. In my own experience‚ when I was in Nigeria with my mother‚ she was oppressed; she couldn’t buy a house because she was a single mother. The seller wanted to sell his house to a married woman or couple because they think that a single mother cannot
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Opportunities in the Industrial Cassava Market in Nigeria Henk Knipscheer‚ C. Ezedinma‚ P. Kormawa‚ G. Asumugha‚ K. Makinde‚ R. Okechukwu‚ and A. Dixon International Institute for Tropical Agriculture 2007 1 Contents Contents...........................................................................................................................................2 Acknowledgements.....................................................................................................
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60 per cent from 2006 until 2011‚ reaching an all time high of 23.90 per cent in December 2011. The NBS measures unemployment rate by the number of people actively looking for a job as a percentage of the labour force. In its Economic Report on Nigeria released in May this year‚ the World Bank noted that “Nigeria’s annual growth rates that average over seven per cent in official data during the last decade place the nation among the fastest growing economies in the world noting that the growth has
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in a rented apartment while she is carrying that bag o.” The truth is‚ this is now the norm in the entertainment industry. People try so hard to live the glamorous life‚ thus struggling on a daily basis to maintain the high life. Entertainers in Nigeria today now want to live like our American counterparts who obviously earn more money and have a better structured system where they are paid royalties. A system where credit facilities are available‚ such that you can drive a $100‚000 car without having
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Abstract Rural development of the grassroots has been the concern of every responsible and responsive political system. This is because development and participation have continued to elude people of the grassroots. Development remains insignificant if it does not positively affect the lives of those in the periphery of decision making arrangement. The Nigerian state therefore created local government as the third tier of government whose objective is to ensure effective‚ measurable and efficient
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CHAPTER THREE THE THREE ERAS OF TAXATION IN NIGERIA General Historical Overview of Taxation Taxes are as old as the history of organised human society. During the reign of the Pharaohs in Egypt tax collectors were called scribes and taxes were collected on various items including cooking oil.1 In the ancient Greek city of Athens‚ taxes were especially important in times of war. The tax imposed during times of war was known as eisphora and no one was exempted from this tax. After the war
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