The Trends and Implications of the Global Financial Crisis on the Nigerian Economy

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ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Trends and Implications of the Global Financial Crisis on the Nigerian Economy by : Babangida M. M.

Download or read book The Trends and Implications of the Global Financial Crisis on the Nigerian Economy written by Babangida M. M. and published by . This book was released on 2017 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Objective - Crises have been a feature of the financial landscape for decades. The current global financial crisis is triggered by events in the United States, and rapidly engulfing the entire globe. Nigerian financial market being one of the emerging global markets have over the last four years witnessed some significant level of progress and stability in the form of recapitalization and consolidation of its financial institutions. These reforms though commendable, yet could not shield the banks and the entire economy from the global financial crisis. This study identifies the trends and implications of the global financial crisis on the Nigerian economy.Methodology/Technique - Descriptive analysis through secondary sources of data employed. A stratified sampling method adopted to select between the two strata that are the strongest and the weakest in terms of capital based. Four organizations were chosen from each stratum making eight banks and the Nigerian Stock Exchange (NSE) as the sample size of the study.Findings - This study identifies the trends and implications of the global financial crisis on the Nigerian economy. It was observed that Nigerian banks are open to global practices and business relationships with foreign banks that are badly affected by the crisis. While investors lose confidence in the Nigerian markets as stocks and oil fall drastically almost daily. This has almost resulted in drastic cut in the foreign capital inflow for the country.Novelty - Based on the above findings the study recommends that Nigerian government should diversify the economy by improving the state of infrastructure, intensify the war against corruption, propose bailout measures for privatized companies and ensure fair and sincere democracy.Type of Paper: Conceptual.

Global Financial Crisis

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ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Global Financial Crisis by : S. O. Akande

Download or read book Global Financial Crisis written by S. O. Akande and published by . This book was released on 2009 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Global Financial Crisis on Nigerian Economy

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ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effects of Global Financial Crisis on Nigerian Economy by : Abdul Adamu

Download or read book The Effects of Global Financial Crisis on Nigerian Economy written by Abdul Adamu and published by . This book was released on 2017 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is facing the most severe financial crisis since the Great Depression of the last century. The risk of global recession has heightened significantly and volatility of commodity prices, which is the mainstay of most developing countries like Nigeria, has increased further. If this situation continues to deteriorate, developing countries could be in great jeopardy. This study examined the influence of the Global Financial Crisis on Nigerian economy. It was discovered that the financial crisis will cause fall in commodity prices, decline in export, lower portfolio and FDI inflow, fall in equity market, decline in remittance from abroad etc. It was recommended that the federal government should come up with intervention policies that will minimize these effects and jump start the economy and that business operator should learn to do things using resources at their disposal to develop and expand at manageable level to stem the tide of the crisis.

The Effect of Global Financial Crisis on Nigeria Economy

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ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effect of Global Financial Crisis on Nigeria Economy by : Olawale Luqman

Download or read book The Effect of Global Financial Crisis on Nigeria Economy written by Olawale Luqman and published by . This book was released on 2015 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research work studied the effect of global financial crisis on Nigeria economy in Nigeria. The financial crisis ravaging the global economy is naturally a serious cause for concern to policy makers. Secondary data were used in this study, the data were collected from CBN statistical bulletin also data were also gathered from journals and textbook that are related to the research topic. The overall significance of the regression is tested using Fisher's statistics. In this study the calculated F* value of 47.375 is significant at 5%. The result however show that linear relationship exist between the dependent and the independent variables of the model. The evidence established that the independent explanatory variables have individual and combine impact on the market capitalization in Nigeria. There is significant relationship between global financial crisis and capital market in Nigeria. Some of the recommendations made in this study are that. There is an urgent need for the total overhaul of regulations and regulatory framework, in order to enhance both the on-site and off-site examination and supervision of the banks. There is the need for increased and enhanced provisions for consumer protection. Nigerian economy is a mono-economy; any crash on the price of oil internationally will cripple our economy. So it is a matter of urgency for the Nigerian economy to divest into agriculture, manufacturing, information technology etc. Political stability is an important factor that encourages investment in an economy. So our nascent democracy should be nurtured.

The impact of economic recession on adolescent criminality in Nigeria

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Publisher : GRIN Verlag
ISBN 13 : 3346108961
Total Pages : 77 pages
Book Rating : 4.3/5 (461 download)

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Book Synopsis The impact of economic recession on adolescent criminality in Nigeria by : Davies Ugowe

Download or read book The impact of economic recession on adolescent criminality in Nigeria written by Davies Ugowe and published by GRIN Verlag. This book was released on 2020-02-06 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2017 in the subject Sociology - Law, Delinquency, Abnormal Behavior, grade: 4.0, University of Benin, language: English, abstract: The work determines if the economic recession in Nigeria has any influence on criminal behaviour amongst youths. The specific objectives of this research are to identify the causes of recession, to determine the social implications of economic recession on the society, to ascertain the increase in the level of crime amongst youths in economic recession and to ascertain the patterns of crime committed by youths in periods of economic downturn. The author examines the influence the downturn of the economic had on the criminal behaviour among youths, most especially those based in Benin City, Edo State Nigeria. Therefore, data from pre-economic recession to post-economic period recession has been analysed. A combination of a longitudinal and cross sectional study survey was used in order to gather the needed data from subjects, newspapers and crime statistics. The author discovered that the fall in the price of crude oil and poor economic policy were the major causes of economic recession in the period. During this period there were closure of businesses resulting from low patronage and high cost of doing business in the country. There was a high rate of unemployment which resulted tin social instability and youth restiveness in the state.

The Global Economic Crisis and the Crises in the Nigerian Economy

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ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (21 download)

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Book Synopsis The Global Economic Crisis and the Crises in the Nigerian Economy by : Akpan Hogan Ekpo

Download or read book The Global Economic Crisis and the Crises in the Nigerian Economy written by Akpan Hogan Ekpo and published by . This book was released on 2009 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Global Financial Crisis and the Nigerian Petroleum Sector

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783846509845
Total Pages : 84 pages
Book Rating : 4.5/5 (98 download)

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Book Synopsis Global Financial Crisis and the Nigerian Petroleum Sector by : Gbolahan Alashiri

Download or read book Global Financial Crisis and the Nigerian Petroleum Sector written by Gbolahan Alashiri and published by LAP Lambert Academic Publishing. This book was released on 2011-10 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007, the mortgage crisis in the United States of America affected financial markets and later developed into a global financial crisis.The crisis quickly spilled over to contents including Africa.initially, policy makers in Nigeria believed the Nigerian economy was insulated but sooner, the effect on the economy started manifesting(in the second quarter of 2008).One of the sectors seriously affected by the financial crisis was the oil sector which contributes largely to the economy of Nigeria. Nigeria is basically regarded as a mono economy relying heavily of export of crude oil.for some time now, crude oil contributes at least 60% of the entire nations revenue rising to over 80% at some point. The financial crisis led to a significant decline in the price of crude oil.This development significantly reduce the revenue accruing to the Nigerian Government. this work examined the extend of the impact of the recent financial crisis on the the Nigerian oil sector.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Managing the Nigerian Economy in an Era of Global Financial and Economic Crises

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (879 download)

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Book Synopsis Managing the Nigerian Economy in an Era of Global Financial and Economic Crises by : Emmanuel Nnadozi

Download or read book Managing the Nigerian Economy in an Era of Global Financial and Economic Crises written by Emmanuel Nnadozi and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Upshot of Financial Crisis on Nigerian Banks

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Upshot of Financial Crisis on Nigerian Banks by : Olayinka Moses

Download or read book Upshot of Financial Crisis on Nigerian Banks written by Olayinka Moses and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that caused severe cash crunch in several western economies did not spare countries of lesser economic prowess as it had its remote implication for the Nigerian banking sector which plays a significant role in the economy. This study assessed the impact of the global financial crisis on the Nigerian banking sector with a focus on the 10 troubled banks, 8 of which hold 35.6% of the industry's asset. Secondary data gotten from annual reports and financial statements of ten banks were used. It was discovered that the abuse of various banking processes which should usually be strictly observed before loans are granted where ignored, thus exposing Nigerian banks to financial crisis and the alarming level of non-performing loan in most of the banks was also a significant factor that led to the problems of the troubled banks. The paper recommends that the level of risk management policies in Nigerian banking sector should be regularly reviewed and improved upon, special audit of banks should be done more often and more commitment should be shown by regulatory agencies (i.e. Central Bank of Nigeria and Nigerian Deposit Insurance Company) in the monitoring and supervision of banks.

The Global Economic Crisis and Nigeria

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ISBN 13 : 9789783795532
Total Pages : 236 pages
Book Rating : 4.7/5 (955 download)

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Book Synopsis The Global Economic Crisis and Nigeria by : Eric C. Eboh

Download or read book The Global Economic Crisis and Nigeria written by Eric C. Eboh and published by . This book was released on 2010 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing the Nigerian Economy in an Era of Global Financial and Economic Crises

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (879 download)

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Book Synopsis Managing the Nigerian Economy in an Era of Global Financial and Economic Crises by : Emmanuel Nnadozi

Download or read book Managing the Nigerian Economy in an Era of Global Financial and Economic Crises written by Emmanuel Nnadozi and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Long Shadow of Informality

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Publisher : World Bank Publications
ISBN 13 : 1464817545
Total Pages : 397 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

A Decade after the Global Recession

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Publisher : World Bank Publications
ISBN 13 : 1464815283
Total Pages : 475 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis A Decade after the Global Recession by : M. Ayhan Kose

Download or read book A Decade after the Global Recession written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-19 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

The Impact of Global Economic Meltdown on the Performance Manufacturing Sector in Nigeria

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Impact of Global Economic Meltdown on the Performance Manufacturing Sector in Nigeria by : Ahmad Bello

Download or read book The Impact of Global Economic Meltdown on the Performance Manufacturing Sector in Nigeria written by Ahmad Bello and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Several opinions were made in relation to possible effect the ongoing global financial meltdown could have on Nigeria economy, however, few of these studies explore the impact of the crisis on the real sector of the economy. Effort was made in this paper to provide empirical evidence on the impact of the crisis on the manufacturing sector of Nigerian economy. To achieve this, an aggregate data was obtained in relation to investment and output of the sector from 2004-2009 on quarterly basis. Time series distributed-lag model using Almon approach was used to estimate the relationship. Secondly, dummy variables were introduced into the autoregressive model to determine the extent, if any, to which crisis has affected the investment output relation estimated obinitio. While the results indicate a significant relationship between investment and output, the dummies failed to indicate significant difference in the differential intercept and slope drifter within the period of the study. These establish that the sector has not been severely affected by the crisis. Possible explanation of the in severity is the autonomous nature of investment in the sector.

Global Economic Prospects, June 2021

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Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2021 by : World Bank

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.