Faculty of Arts and Social Sciences

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End date: 2019Subject: search.filters.subject.Nigeria

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    THE RELATIONSHIP BETWEEN STOCK RETURNS AND INFLATION RATES IN NIGERIA FROM 1995 to 2014
    (International Journal of Economics, Commerce and Management (United Kingdom), 2018-02-02) Njogo, Bibiana O; Inim Victor Edet; Ohiaeri, Nnenna V; Ogboi, C
    This study focused on determining the relationship between inflation rate and stock returns using the Consumer Price Index and the All Share Index on the Nigerian Stock Exchange covering the period 1995 to 2014. The data were analyzed for evidence of co-integration and causality using Error Correction and Granger co-integration model. The Pearson Correlation result shows that, there is significant negative relationship between stock returns and inflation rates in Nigeria. Augmented Dickey Fuller result shows that the series are non-stationary in their level form and are integrated of order one. Johansen co-integration test result shows evidence of co-integration implying that there is a long run relationship between stock market returns and inflation rates in Nigeria. Furthermore, there is significant negative impact of inflation rates on stock market returns in Nigeria. The pair-wise Granger causality test shows that there is a strong unidirectional causality. Also, result from the Error Correction Model suggests that about 43% of the variations in stock returns are accounted for by inflation rates. The study recommends economic reforms that target macroeconomic stability in the country, removal of structural twist, and creation of business-friendly environment that ensures price stability as these will encourage investment in stocks in Nigeria.
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    Oil price volatility and economic growth in Nigeria
    (Scientific Press International Limited, 2019-02-02) Muhammad M. Yakubu; Benedict Akanegbu N
    One of the main causes of economic crisis in the world is Oil Price Volatility (OPV). This makes it necessary to examine the effect of oil price volatility on economic growth in an oil exporting country like Nigeria and this has a special significance. Therefore, this paper has examined empirically the effect of oil price volatility on economic growth in Nigeria using annual time series data from 1985 – 2016. The findings revealed that OPV has a negative and insignificant effect on economic growth in Nigeria. It was also found that the variables used in the study have a long-run relationship and finally no evidence of causality was found between oil price volatility and economic growth in Nigeria. The study recommends that exploring other alternatives has the potential to make the Nigerian economy stronger to face volatility crisis.
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    The Dimensions and Challenges of Turkey-Africa Political Relations
    (Turkish Journal of Politics (TJP), 2014-02-02) Chigozie Enwere
    This work analyzes the impact of ethnically and religiously motivated conlict on Nigerian foreign policy. Here Boko Haram armed group whose motivators to emerge are mainly religious and ethnic is chosen as the case. It analyzes the impact of ethnically and religiously motivated Boko Haram armed menace in the north-east of the country on Nigerian foreign policy. In the context of bilateral relations, this work looked at how Boko Haram menace afected US-Nigeria bilateral relations, EU-Nigeria bilateral relations, the relations between Nigeria and its neighbors, Nigeria-African Union relations and Nigeria-ECOWAS relations.
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    Understanding the Role of Technology in Free and Fair Elections in Developing Countries
    (Journal of Social and Administrative Sciences, 2015-02-02) Chigozie Enwere; Ibrahim LADAN-BAKI
    Over the years accreditation of voters has been done using the manual method of painstakingly browsing through the voluminous voters register to verify if the voter is allowed to vote or not. Also the smart card reader has checkmated the problems of election rigging and multiple voting. On the other hand due to the aggressive voter‟s education campaign by the Independent National Electoral Commission(INEC), party stalwarts and agents who descend on polling units on election days to woo the electorate by offering them gift items and cash if they cast their votes in favor of a political party failed. However this paper will attempt to demonstrate how the introduction of the smart card readers by INEC reduced election rigging and inflated results as compared to previous elections. The research subscribed to the use of primary data to gather first-hand information from its respondents. This paper concluded that the smart card readers introduced by INEC have indeed tackled the menace of over inflated votes and also the voters education by INEC on not to accept gift and monies from political parties at the poling units has furtherenlightened the electorate on the rules at the polling units. However, we recommend that there should be an improvement on the smart card readers so that a voter can be accredited and vote at any part of the country. Also INEC should link up with the National Identity Management Commission (NIMC) so as to make the National Identity Card become the voter‟s card.