In spite of the fact that Nigeria embarked on the devaluation of the naira and adopted the Structural Adjustment Program (SAP) in 1986 the goal was not realised. The failure to realise this goal subjected the Nigerian manufacturing as well as other sectors to the challenges of a constantly
the stability of aggregate money demand function in Pakistan. The economic theory suggests that income and inflation is positively related to money demand while rate of interest has an inverse relation with it. The autoregressive distributed lag model (ARDL) was applied and it confirmed the long run relation between the studied variables. The coefficients of income, rate of interest and inflation have statistically significant impact on money demand. All the three exploratory variables have expected
ANALYSIS OF THE TRENDS AND BEHAVIOURAL PATTERN OF THE NIARA EXCHANGE RATE AND FOREIGN DIRECT INVESTMENT IN NIGERIA Nigeria has a great potential for attracting foreign investment. It has a large market, represented by a large vital population and it is richly endowed with natural resources mineral deposits especially oil and gas, vegetation, arable agricultural land etc. she also has cheap labor force. Available statistics show that the country has not benefited much from foreign investment flows
The advertising industry in Nigeria is a very diverse and untapped industry. The industry is highly dependent on the marketing budget of brands and sub-brands. Technology has increased the medium through which advertising can be channeled and this development has had both positive and negative impact on the industry as a whole. Noah’s Ark Communications Ltd is a reputable advertising agency and a member of AAAN (Association of Advertising Agencies of Nigeria). It is categorized as a small- medium
certain number of employees usually 250 as defined in the European Union , 300 in Nigeria , 500 in the Unites States of America and 200 in some other countries . The number of employees however is not the only criteria for qualifying SMEs: They are equally defined by their annual turnover which has been set to not exceed 50 million euro (applicable in the European Union) or 100 million naira (applicable in Nigeria) per annum, and/or an annual balance sheet that does not exceed 43 million euro (applicable
Currency fluctuations refers to the floating of exchange rate system which can be influenced by a number of factors which include the demand and supply of different currencies, differences in interest rates, capital flows, inflation and the performance in the economy. Due to these variances the currency tends to fluctuate from one level to the other. The fixed exchange rate regime makes trading more favorable as currency fluctuations may result to predicaments that leads to
CHAPTER ONE GENERAL INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting
CHAPTER ONE GENERAL INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting
music and so on but few research has been carried out on the need for the world to strengthen their entrepreneurial skill in creative industry- printing press. The paper gives background knowledge of the creative industry, especially our country Nigeria and the need for the government to encourage investment in this sector of the economy. There are lots of untapped potential in the creative industries to create growth, employment, add value /enhance the economic performance and robustness of the
postulated a theory that a great deal of project management involves avoiding problems and tackling risks involved in Projects.in this chapter, a thorough investigation will be made on the problems facing the construction industries in the UK and also in Nigeria. Furthermore, a conclusion will be made to know if these problems can be solved in order for any project to be successfully completed. PROJECT MANAGEMENT PROBLEMS IN UK CONSTRUCTION INDUSTRY Project Management in construction is a well-established