Oil price fluctuations is a germane issue in Nigeria which constituted a major disturbance in the foreign direct investment (FDI) to the Nigerian economy despite various reforms introduced and implemented by Nigerian authorities to attract FDI. The over-reliance on oil as a major revenue generation and collapse in our export are issues for concern. The linkage amongst foreign direct investment (FDI), oil price and export and economic growth are still a vital subject in the developing economies. In practice, FDI inflows consider a one of the source of a long run economic growth (Bosworth, Collins et al. 1999) and as a crucial source for increasing the capital stock of a country (Barro and Sala-i-Martin, 1995).
H2: Forensic accounting has not increase credibility of financial statements. H3: Forensic should not be encourage in Nigeria. SCOPE OF THE STUDY This study is designed to discuss the usefulness of forensic accounting and fraud detection in Nigeria companies. It will also consider the various types of fraud and how forensic accountants can detect them. It also considers the purpose of financial statements which include: provision of information about the financial position, performance and changes in equity of an enterprise that is useful to a wide range of users in making economic decisions.
Application of Protectionism in Global Finance Kashyap Pd. Marahatta BUS 630 International Business Professor: Prachanda Man Shrestha Westcliff University 02/05/2017 Abstract This paper will try to analyze the case ‘The Global Financial Crisis and Protectionism’. While doing so, this paper will try to point out why calls for protectionism are greater during sharp economic contractions. It will then try to put light on why the increase in protectionist measure even during the sharp contraction of 2008-2009 was fairly modest. This paper will then finally conclude by providing insights on why international trade/ business is essential for the development and prosperity of a country.
Import substitution industrialization has the potential to dramatically boost the development of a country or to act as a detriment. In countries with large enough populations and income levels to allow for the consumption of locally produced products, ISI was successful. Latin American countries such as Argentina, Brazil, and Mexico had notable success with ISI. The difference between benefitting and suffering from ISI depends on the country’s management ability, something that is not Nigeria’s forte. The notoriously turbulent nature of Nigeria’s government following its independence precluded the country from potentially reaping the benefits of structuralist policies.
To have success in recovery procedure the management should have proper guidelines about the recovery procedure and effective follow up and should be done at a proper time period at a appropriate action. 2. TOPIC CHOSEN FOR STUDY A STUDY ON “ LOAN RECOVERY PROCEDURE AT KSFC ”. 3. NEED FOR THE STUDY The recent economic crisis has been seeing more number of defaults on loan in financial institutions
In banking business, profits are in part the reward for successful risk taking and effective management of such risk. Failure of practicing effective risk management system is one of the main causes of financial crisis in general and banking failure in particular. The success and survival of commercial banks is mainly dependent on the effectiveness of their risk management practices. Risk management is a continuous process that depends directly on changes in the internal and external environment of banks. These changes in the environment require continuous attention for identification of risk and risk control (Al-Tamimi and Al-Mazrooei,
In 1957, Bank of British West Africa changed its name to Bank of West Africa (BWA). After Nigeria 's independence in 1960, the bank began to extend more credit to indigenous Nigerians and at the same time, citizens began to trust British banks since there was an 'independent ' financial control mechanism and more citizens began to patronize the new Bank of West Africa. In 1965, Standard Bank acquired Bank of West Africa and changed its name to Standard Bank of West Africa. In 1969, Standard Bank of West Africa incorporated its Nigerian operations under the name Standard Bank of Nigeria. Nigeria 's military government sought to increase local control of the retail-banking sector.
plans to contribute to enhancing the business environment through further legislative reform and by ensuring that all economic policy is formulated with reference to rigorous data sources and statistical information. Assuming that the hydrocarbon sector continues to grow at historic rates, UAE vision aims to achieve a 64% contribution to GDP by the non-oil sectors, including petrochemicals, by 2030, which will reverse the current pattern of sectoral contribution to GDP. Regarding Oman Vision 2020, it has laid out plans to boost industrialization within the Sultanate and to encourage the private sector to take a more active role in the economy and generate employment opportunities, both of which are measured as key drivers for growth. During
PROBLEM, WORK PLAN, AND DIAGNOSIS OF NESTLE NIGERIA PLC 2.1 Description of Consultancy Project The strength and success of any organization in Nigeria are to increase its overall business performance and to achieve an outstanding measurement of results in this tight economic situation and a highly competitive market environment. It depends mainly on its ability to strategically carry out innovation on infrastructure and its capacity to manage the financial crisis to outsmart its competitors (Machuka & Costa, 2012). Outwitting competitors is a knowledgeable exercise and ability of Nestle Nigeria Plc to deliver and offer superior products and services than its competitors like Cusson, PZ, OK Foods, and this greatly depends on Nestle Nigeria Plc
The youth of today will become the leaders of tomorrow and equipping them with the neccessary skills will make them an efficient and effective entrepreneur that can move the economy forward (Oviawe, 2010). In order words, if Nigerian youth posess adequate entrepreneurial culture in our universities, they will shun restiveness and embrace innovative ideas that will provide an environment for business start-ups. But since the introduction of this mandatory entrepreneurship education in our universities over a decade, are the youth living up to this standard? This study therefore seeks to investigate the entrepreneurial culture of Nigerian youths in Ogun state-owned universities; assessing the level of each of the dimensions of entrepreneurial culture in Ogun state owned universities and thus providing recommendation that can promote effective entrepreneurial culture in our