EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry in Nigeria witnessed a remarkable growth in terms of deposit base‚ number
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International Development. AEID.Vol. 5-2 (2005) MONETARY POLICY AND MACROECONOMIC INSTABILITY IN NIGERIA: A RATIONAL EXPECTATION APPROACH FERIDUN‚ Mete * FOLAWEWO‚ Abiodun OSINUBI‚ Tokunbo Abstract Generally‚ both fiscal and monetary policies seek at achieving relative macroeconomic stability. Based o countries’ experience on n the role of monetary policy in controlling economics instability‚ this study examines the efficacy of monetary policy in controlling inflation rate and exchange
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development‚ the debate on the role of culture and mass media on social modernization‚ African political economy as well as Nigerian history‚ politics‚ economic and communication development efforts‚ serves as an attempt to bridge that gulf. The study focused on the role of advertising in the process of social mobilization and modernization in Nigeria by examining the cultural reflections‚ the nature and characteristics of the messages‚ and the values and symbols conveyed in Nigerian mass media advertisements
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The ethics of a company can be measured by different theories. Some of these theories can be used to measure Shell Petroleum Development Company of Nigeria (Shell Nigeria). The first ethical measure discussed is utilitarian reasoning‚ also referred to as cost-benefit analysis‚ which compares the costs and benefits of a decision. Secondly for the human rights theory‚ were the rights of the stakeholders respected? Third‚ the ethical theory of justice is measured by whether the benefits and costs
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TELECOMMUNICATIONS INFRASTRUCTURE AND ECONOMIC GROWTH: EVIDENCE FROM NIGERIA BY Sheriffdeen A. TELLA‚ Ph.D Department of Economics‚ Faculty of Management Science‚ Olabisi Onabanjo University‚ PMB 2002‚ Ago-Iwoye Ogun State‚ Nigeria satellang@yahoo.com and Lloyd Ahamefule AMAGHIONYEODIWE‚ Ph.D* Department of Economics Faculty of the Social sciences University of the West Indies‚ Mona Kingston 7‚ Jamaica. lamaghionyeodiwe@yahoo.co.uk and Bolaji Adesola ADESOYE Department of Economics‚ Faculty of Management Science
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Advanced Economics BUZE600‚ CW1 Contents Introduction ............................................................................................................................................. 2 Topicality and importance of the minimum wage effect on employment .............................................. 2 Lagged Effects of the Minimum Wage ................................................................................................... 3 Hours versus Employment Effects............
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Unemployment Issues in the United States Carson Hall Sales Dr. Ajith Silva BEHS210 Section 6380 Semester 1309 Table of Contents Introduction and Statement of Purpose Ronald Reagan once said that “Unemployment Insurance is a pre-paid vacation for freeloaders.” However‚ unemployment is not defined by voluntarily deciding to leave a job. Involuntary termination comes in two forms‚ dismissal and layoff. If the employee is dismissed‚ or “fired”‚ then it was their fault for not complying
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ECON1101 Essay: Petrol subsidies in Nigeria Nigeria‚ an oil-abundant nation‚ produces two million of barrels of crude oil a day‚ though despite this‚ it relies solely on importation to sustain its refined-fuel needs. This is because its four refineries fail to function effectively and continue to operate beneath capacity. Governmental mismanagement and political corruption are some of the reasons why Nigeria’s refineries remain in this state. The Nigerian government therefore implemented subsidies
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Unemployment or Inflation Wall Street Journal Assignment #1 Unemployment and inflation have an inverse relationship meaning that as one increases‚ the other decreases. According to the textbook‚ an ideal situation for the Federal Reserve would be to achieve both a low level of unemployment and a low level of inflation. After the 9/11 attacks in New York‚ the United States was put in a tragic financial crisis that led to the recession in 2008. While the debate for the causes of the 2008 recession
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The Great Depression is to economics what the Big Bang is to physics. As an event‚ the Depression is largely synonymous with the birth of modern macroeconomics‚ and it continues to haunt successive generations of economists. With respect to labor and labor markets‚ these facts evidently include wage rigidity‚ persistently high unemployment rates‚ and long-term joblessness. Traditionally‚ aggregate time series have provided the econometric grist for distinguishing explanations of the Great Depression
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