Banking and Finance - Scholarly Publications

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Browsing Banking and Finance - Scholarly Publications by Author "Abu, I.N"

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    Open Access
    Deregulation and Privatisation of the Upstream and Downstream Oil and Gas Industry in Nigeria: Curse or Blessing?
    (Sciedu Press, 2012) Abu, I.N; Chidi, O.C
    The purpose of this study is to examine the perception of Nigerians on the deregulation and privatisation moves of the government in the oil and gas industry in Nigeria. The oil and gas industry is strategic to national development and growth in Nigeria. Oil and gas constitute about 90% of Nigeria’s foreign exchange earnings and 83% of its GDP. This study adopted the survey research design. It was found that the deregulation and privatisation of the oil and gas industry will usher in sustainable national development and will be a blessing rather than a curse for the citizenry. 77.8% of the respondents believe that the deregulation and privatisation of the oil and gas industry will be a blessing to Nigerians and 80.6% of the respondents do not believe that the deregulation and privatisation of the oil and gas industry will be a curse to Nigerians. The authors recommend that strategic sectors such as oil and gas as well as the power sector should be deregulated and privatised for sustainable national development.
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    Open Access
    Foreign Direct Investments and Economic Growth of African Regions: A Comparative Study
    (University of Lagos Press and Bookshop Limited, 2016) Igbinosa, S.O; Abu, I.N
    The paper examines the impact of Foreign Direct Investments (FDIs)on economic growth in the five regions of Africa, as well as identifies their respective drivers of growth. It employs the Ordinary Least Squares (OLS) multiple regression analysis to examine the relative impact of Foreign Direct Investments, balance of payments, trade openness, technology and quality of labour force on economic growth in each of the five regions between 1980 and 2012. The study finds thatforeign Direct Investments (FDIs) have no significant impact on economic growth in thefive regions of Africa. The impact of FDI on growth is positive in Eastern, Middle and Western Africa but negative in Northern and Southern Africa. Similarly, there are differentials in the drivers of growth in thefive regions. While trade openness is a negative driver of growth in all regions of Africa except in Northern Africa, both balance of payments and quality of labour force have mixed impacts on economic growth in Africa. In addition, technological progress impacted growth in Middle, Southern Africa and Western Africa but it appears that lack of it retarded growth in Eastern and Northern Africa. The study calls for policy reform frameworks that encourage and boost foreign Direct Investment flows to all regions of Africa, particularly Direct Investments in critical sectors of the economies, as well as check the negative effects of foreign Direct Investments. Furthermore, it recommends that regional economic blocks in Africa should be resuscitated and supported to develop and promote intra-Africa trade and Investments.
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    Open Access
    The Influence of Deregulation and Privatisation of the Upstream and Downstream Oil and Gas Industry Promote National Sustainable Development in Nigeria
    (2016) Abu, I.N
    The purpose of this study is to examine the perception of Nigerians on the influence of deregulation and privatisation moves of the government in the oil and gas industry in Nigeria. The oil and gas industry is strategic to national development and growth in Nigeria. Oil and gas constitute about 90% of Nigeria’s foreign exchange earnings and 83% of its GDP. This study adopted the survey research design. It was found that the deregulation and privatisation of the oil and gas industry will usher in sustainable national development and will be a blessing rather than a curse for the citizenry. 77.8% of the respondents believe that the deregulation and privatisation of the oil and gas industry will be a blessing to Nigerians and 80.6% of the respondents do not believe that the deregulation and privatisation of the oil and gas industry will be a curse to Nigerians. The authors recommend that strategic sectors such as oil and gas as well as the power sector should be deregulated and privatised for sustainable national development.
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    Open Access
    Microfinance Institutions in Nigeria: Challenges and Ways Forward
    (Exclusive Journal Publishing House, 2014) Abu, I.N; Aguda, N.A
    The microfinance sub-sector in Nigeria is faced with many challenges. Due to the large number of MFBs, it has been a challenge for regulators to provide strict and close supervision of their activities. However all hands must be on deck to ensure that the institutions arc cfficicmly run by surmounting the challenges and exploit the prospects, because microfinancc provides a credible platform for the eradication of the poverty and economic development of the nation.
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    Open Access
    Nigerian Capital Market: A Catalyst for Sustainable Economic Development
    (2015) Abu, I.N; Aguda, N.A
    Full papers attached.
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    Open Access
    The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria
    (Sciedu Press, 2012) Abu, I.N; Ezike, J.E
    The achievement of good economic growth is anchored around an environment of well focused policies aimed at poverty eradication through the empowerment of the people by availing them of access to factors of production,particularly credit. The study examines the role of Micro-finance banks in reducing poverty and the development of entrepreneurship. Data were collected through structured questionnaires and administered to entrepreneurs (small scale enterprises) and micro-finance banks within the Lagos State area. The study identified high rate of loan default among the SMEs, which poses serious consequences for microfinance banks. It was also established that the challenges facing microfinance banks include, among others, the documentation of credit process, wrong information, identity of the loan applicant, and unstable economic situation in the country.
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    Open Access
    The Role of Utility Theory in Risk Management for Strategic Decisions
    (Faculty of Business Administration, University of Lagos, 2014) Abu, I.N; John, E.E
    This study investigates the shape of the utility function across the total outcome domain to determine whether its shape differs across decision makers. However, the objective of the study is to examine whether the differences in the global shape of the utility function affect strategic behavior. In an attempt to achieve this objective, the study adopted EXP-IPT method and the two-piece utility function method. Findings from the result reviews that there is heterogeneity in the shape of utility functions of real decision makers and that this heterogeneity affects strategic decisions. Utility is often measured using the certainty equivalence technique in empirical studies that deal with decision making under risk. In prospect theory, the shape of a decisionmakers' utility function is assumed to differ between the domain of gains and the domain of losses. The proposed convex/concave utility function predicts risk-prone behaviour in the domain of losses and risk-averse behavior in the domain of gains.
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    Open Access
    Universal Banking in Nigeria: Imperative or Irrelevant
    (Department of Banking and Finance, Faculty of Management Sciences, University of Benin, 2010-07) Osama, I.O; Abu, I.N
    The banking game the world over has changed over the years and 'universal banking' has been a major contributor to this change especially in the western world. Looking at the issue from an African perspective and Nigeria more specifically, we seethe need for a more robust financial and banking system which the central governing body, the Central Bank of Nigeria has over the last few years put measures in place to achieve this. The universal banking system happens to be one of such measures, though now reversed. Thus it is important to evaluate the usefulness of universal banking to the Nigerian banking system. We show from analysis of copies of questionnaire served to targeted groups of individuals that indeed,' universal banking' will broaden and deepen Nigeria's banking and financial system.