section analyse the second case firm “BDM” of this thesis internationalisation process and BDM is regarded as one of the top new generation banks in Nigerian. The banks has evolved overtime to become one of the largest bank in Nigeria with a strong present in West African region and a subsidiary in the UK. This case firms has been choosen because of the following reasons However, (a) BDM is one of the largest banks in Nigeria (b) the bank have a present in several foreign countries (c) The bank
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 countries while the reverse is the case in oil importing
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 countries while the reverse is the case in oil importing
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 central bank data shows that while net foreign direct investment
CHAPTER ONE INTRODUCTION 1.1 Background of the study Today’s globalised world is a world of interdependence, self dependence even when desired is difficult to achieve; some countries in the past have adopted autarkical policies to try to live in isolation alas, measures like that are difficult to achieve due to variations in endowment placed on countries by Mother Nature, they could not provide all their needs, in fact, they ended up with welfare losses (e.g. Spain under Franco). Also, it is as
INTRODUCTION In the entire world, Climate change has become a big challenge and it has a negative impact on our day to day life. In the case of Nigeria, climate change has affected it due to its vulnerability and low coping capacity, a developing country like Nigeria with a population of almost 185 million is likely to be affected adversely. But then let me explain briefly the meaning climate and what COP 21 is all about. Climate change is an environmental threat which the entire world is facing
Nigeria and China officially time-honored their relations in February 1971. This was made possible with the high level of visits and the conclusion of a number of bilateral agreements between the two nations. The consensual relations progressed from political engagements to intense economic penetration of the Nigerian economy and currently energy. It is against this setting that this piece examines the nature of Nigeria’s relation with China. Background to the Study The affiliation between Nigeria
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the aftermath of Johnson Matthey Bankers’, Enron Corporation, WorldCom incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial
For internal migration which is mostly the rural-urban drift, most rural dwellers move for economic or security reasons. For instance in the case of Nigeria, with the onset of the terrorist attacks in the north most of the people there have moved to the south for security. Others move to the cities because they believe there are more opportunities and entrepreneurs (mostly micro-entrepreneurs) move to gain a greater market for their businesses. (Todaro and Smith 2011) In the area of international
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Nigeria has been suffering the negative environmental consequences of oil development since oil was discovered in Nigeria (Badejo and Nwilo 2008). The growth of the country’s petroleum industry combined with an increasing growth rate in human population and a lack of enforcement of environmental regulations and commitment on the part of government has led to substantial