The Impact of Deregulation of the Economy on Nigerian Commercial Banks; A Case Study of Some Selected Commercial Banks in Ilesa, Osun State

2013 ◽  
Vol 03 (10) ◽  
pp. 19-27
Author(s):  
Opeyemi Philips ABOGAN ◽  
Egbewole OLAJIDE ◽  
Olusola OLOBA
Keyword(s):  
Interest Rates ◽  
Commercial Banks ◽  
Foreign Exchange Market ◽  
Control Measure ◽  
Price Inflation ◽  
Short Supply ◽  
Secondary Sources ◽  
Second Tier ◽  
The Impact

The study looks at the impact of deregulation of the economy on Nigerian commercial banks; A case study of some selected commercial banks in Ilesa, Osun State. The economy policies pursued prior to 1985 made the Nigeria economy price distortions created by a highly over-valued currency and inappropriate pricing of agricultural and other local products. The control measure introduced prior to deregulation of the economy were unable to improve the economy positively. Instead, that period was characterized by short-supply of industrial inputs, plant closure, large retrenchment of workers, and shortage of goods and price inflation coupled with unfavourable balance of payment. Data were gathered from some selected commercial banks in Ilesa, Osun State Nigeria through issuing of questionnaires and from some secondary sources such as CBN statistical bulletin, Publications and other relevant materials. The major deregulation policies were deregulation of interest rates structure, introduction of second tier foreign exchange market. Since the Federal Government is contemplating deregulation as the only paramount solution to distorted economic structure. The study therefore recommends that banking industry [commercial banks] needs to reposition itself to take full advantage of the gains which might arise from such deregulation. Commercial banks should equally anticipate and sensitize themselves with the challenges of a deregulated economy.

scholarly journals The Impact of Financial Deepening on Economic Growth in Nigeria (1981-2018)

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Interest Rates ◽  
Money Supply ◽  
Commercial Banks ◽  
Financial Sector ◽  
Financial Deepening ◽  
Growth Data ◽  
Main Research ◽  
The Impact

Different academics and experts have acknowledged that developing the financial sector positively impacts economic growth by increasing productivity, progress and national investment. Expanding the financial sector allows financial intermediaries to carry out functionalities of deploying, aggregating and directing a country’s savings into an investment which contributes to domestic progression. This research explores the effect of financial deepening on Nigeria’s growth for 38 years covering 1981- 2018. The main research goals were to investigate the linkages among time and savings deposit of commercial banks, money supply and credit to the private sector on the economy’s growth. Data was obtained from CBN Bulletin different issues and analyzed using Autoregressive Distributed Lag. From the result of analysis, we found out that long run relationship existed but no regressor was found to be significant. Credit to the private sector to GDP was inversely related to GDP growth whereas money supply to GDP had positive relations with economic growth rate, time and savings deposits in commercial banks negatively affected national growth. Policies favoring credit lending to the private sector should be encouraged by stakeholders in the economy, for instance, higher savings interest rates would encourage more savings. More importantly, policies should be enacted to make sure that savings are transmitted into productive investments that can yield financial deepness

scholarly journals WORK-LIFE BALANCE: A CASE STUDY ANALYSIS ON GOOGLE AND A COMPARATIVE STUDY OF PRACTICES FOLLOWED IN NORWAY AND INDIA

2020 ◽  
Vol 5 (8) ◽  
Author(s):  
Deepa Singh
Keyword(s):  
Comparative Analysis ◽  
Work Life ◽  
Work Life Balance ◽  
Survey Method ◽  
Study Analysis ◽  
Life Balance ◽  
Case Study Analysis ◽  
Secondary Sources ◽  
The Impact

The concept of work life balance emerged during the Industrial Revolution. In those days Industrialists agreed upon labour union’s demand of ‘One day off’. Later on, this is converted into ‘two day off’ which is followed in all the western countries. Grady et al (2008) stated that the term’ work-life balance’ is more comprehensive and includes “family, community, recreation and personal time.” The objectives of the research are to study the impact of practices followed in Norway and India on work-life balance, to gain insight on Google company’s work-life balance practices, to identify and suggest vital work-life balance practices that can be applied in Indian context. The research is descriptive in nature. The data has been collected mainly from secondary sources – research papers, annual report of companies (employee engagement) and articles. The tools used for achieving objectives and analysing are comparison method, case study analysis and survey method. The comparative and case study analysis shows that the education system, job security, income inequality are some of the factors which hinder the work-life balance in India. Flexi hours, time for creativity, family participation in workplace boost the enthusiasm and morale of the employees. The research is based on secondary sources. The primary data would more effectively convey the problems faced in work life balance. The work-life balance practices followed by only one company is taken into the study due to time constraint. The comparative analysis of work-life balance practices of big films would give better insight and would help in deriving dynamic solution. The sector centred, institution centred or gender centred study will give broader overview of the work-life balance. The search acts a base for comparative analysis.

scholarly journals Influence of British Pottery on Pottery Practice in Nigeria

2019 ◽  
Vol 4 (6) ◽  
pp. 19-24
Author(s):  
Edem Etim Peters ◽  
Ruth Mataba Gadzama
Keyword(s):  
Study Design ◽  
Methodological Approach ◽  
Case Study Design ◽  
Secondary Sources ◽  
Art Works ◽  
The World ◽  
The Impact

The pottery narratives of Nigeria majorly linked with the activities of a great British potter Michael Cardew who Established pottery centres in Nigeria, and trained many Nigerians in Pottery. Cardew studied under Bernard Leach (1887 – 1979) who travels extensively and taught pottery around the world.Leach studied pottery under Master Kenzan VI in Japan and returned to England in 1920 to establish his own pottery at St. Ives with Shoji Hamada. The impact in pottery created by Cardew in Nigeria from 1950 is a direct British Pottery influence imparted to him by leach at St. Ives. A British potter and artist, Kenneth C. Murray studied pottery under Bernard Leach at St. Ives in 1929 and returned back to Uyo in Nigeria to produce and teach students pottery. Murray produced pottery wares from the Kiln he built at Uyo and took his students to exhibit the ware along with other art works at Zwember gallery (Britain) in 1937. Chief Adam Joshua Udo Ema also studied pottery in 1949 in Britain and later returned to work as a pottery officer at Okigwe Pottery centre as well as established three pottery centres in Nigeria Namely; Ikot Abasi Pottery centre at Etinan, Pottery centre at Mbiafun Ikono, and pottery centre at Ikot Ntot in Abak. Many other Nigerian studied pottery in Nigeria. Lady Kwalii pottery experience was influenced by Michael Cardew. Her pottery influence seen pottery products exhibited in various parts of the world depicted a coordination of Niger and British Pottery influences. A case study design is considered for methodological approach. Data were taken from primary and secondary sources and analyzed respectively. British influence on Nigeria is indeed outstanding.

scholarly journals Analysis of the Impact of Non-Performing Loans on the Performance of Banking Work in Light of the Corona Pandemic (An Applied Study of A Sample of Banks Operating in the City of Erbil for the Year 2020)

2021 ◽  
Vol 8 (4) ◽  
pp. 356-377
Author(s):  
Fria Ahmed Abdulkareem ◽  
Amer Abdulla Majid ◽  
Raqeeb Abdullah Omer ◽  
Nawzad Majeed Hasan ◽  
Mustafa Farooq Othman ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Interest Rates ◽  
Commercial Banks ◽  
High Interest ◽  
Applied Study ◽  
Financial Obligations ◽  
The Impact ◽  
The City

         The research aims to know the impact of the spread of the Corona pandemic on the financial ability of borrowers and thus to identify their willingness to pay their financial obligations towards banks، and an attempt to present through this research appropriate proposals to address bad debts in banks operating in the city of Erbil. A default in loans affected commercial banks in the first place، because they are quick to profit due to the high interest rates in them، compared to banks in other fields، including agricultural، industrial، specialized، and Islamic. In addition to the interest of major merchants in the region to activate their commercial operations through commercial banks. The research concluded by presenting a number of proposals، including: The commercial banks should verify the actual verification of the borrower's ability to repay his loan، especially the verification of the existence of additional surplus income. As well as working to focus on disclosure and transparency between banks by providing information on customers who are unable to pay and limiting the volume of their dealings with banks، in order to avoid and analyze the phenomenon of financial default that banks are exposed to، especially under the circumstances of the Corona pandemic.

scholarly journals IFRS9 TRANSITION IMPACT ON THE QUALITY OF FINANCIAL REPORTING INFORMATION: A CASE STUDY OF YEMEN COMMERCIAL BANKS

2020 ◽  
pp. 54-63
Author(s):  
Mahdi Qasem Saeed, Saeed ◽  
D. A. Nikam
Keyword(s):  
Data Analysis ◽  
Statistical Methods ◽  
Financial Reporting ◽  
Commercial Banks ◽  
Positive Relationship ◽  
Descriptive Statistics ◽  
Ifrs 9 ◽  
The Impact

The purpose of this study is to know the IFRS 9 transition impact on the suitability and reliability of the quality of financial reporting information. A questionnaire was used in data collecting. Out of 92 questionnaires, only 85 were valid and suitable. The data analysis has been done by using SPSS and several statistical methods through descriptive statistics such as averages, standard deviations, and T-test. This study adds to the literature by knowing the IFRS 9 transition impact on the suitability and reliability of the quality of financial reporting information in the commercial banks of Yemen. The study reached that there is a positive relationship between the impact of the adoption of the IFRS9 on the suitability and reliability of the quality of financial reporting information in Yemen commercial banks. Finally, the study was concluded with some recommendations. KEYWORDS: International Standard Financial Reporting IFRS9, Quality of Financial Reporting Information, Suitability, and Reliability, commercial banks.

scholarly journals Evaluation of the Impact of the Bank of Russia Key Rate on the Commercial Banks’ Deposit Policy

2020 ◽  
pp. 99-111
Author(s):  
M. N. Konyagina ◽  
I. R. Meurmishvili ◽  
A. A. Dochkina
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Commercial Banks ◽  
Policy Instruments ◽  
Policy Instrument ◽  
Credit System ◽  
Leading Role ◽  
State Of The Economy ◽  
Current Impact ◽  
The Impact

The monetary policy of the Central Bank is in the sphere of interests of economists of various specializations. Determining the value of money in the economy, the money supply, and ensuring the effective functioning of the national payment system, the regulator has a significant impact on the state of the economy and determines the prospects for its development. One of the most important monetary policy instruments is the key rate. However, the efficiency of its application in different economies at different historical periods is different.At the same time, commercial banks, being the core of the credit system, are extremely dependent on the volume and quality characteristics of accumulated deposits. Private clients’ deposits are an important resource for both short-term and long-term operations of credit organizations. In Russia, banks play a leading role in the financial market. In this regard, the evaluation of the impact of a key rate as an important monetary policy instrument on the banks’ deposit policy is of particular relevance in the current state of the Russian economy. Therefore, determining as an aim of the research the evaluation of the current impact of the Bank of Russia key rate on the Russian credit organizations’ deposit policy, the authors sorted out the necessary relevant data on interest rates and deposit volumes in Russian commercial banks in 2014–2018, assessed the strength of the relationship between the Bank of Russia key rate and banks’ deposit rates and the volume of deposits in the country, identified the problems of implementing monetary policy in Russia and evaluated the effectiveness of the key rate as the monetary policy tool.

scholarly journals Interest Rate Liberalization and Commercial Banks Profitability: Evidence from China

2020 ◽  
Vol 12 (5) ◽  
pp. 90
Author(s):  
Lai Ying
Keyword(s):  
Interest Rate ◽  
Empirical Study ◽  
Interest Rates ◽  
Commercial Banks ◽  
Well Being ◽  
Key Factors ◽  
Interest Rate Liberalization ◽  
Production Growth ◽  
The Future ◽  
The Impact

Enhanced profitability is an important guarantee to improve the well-being of people and better exert the functions of commercial banks in promoting economic, social and production growth on the premise of the existence and development of commercial banks. Interest rate liberalization is one of the key factors which can affect the profitability of commercial banks. An empirical study is thus carried out on 16 Commercial banks (from 2007 to 2018) to analyze the impact of interest rate liberalization on the profitability of commercial banks. We draw main conclusions from this study: (1) the progress of interest rate liberalization has improved the profitability of banks. (2) This kind of impact is inverted U-shaped, that is, with the advancement of interest rate liberalization, the impact will be reversed in the future. (3) For banks of different sizes, the impact is different. Specifically, small and medium-sized banks are more sensitive to the liberalization of interest rates, while for larger banks, the impact is not strong.

CASE STUDY: The determinants of remittances to India

2014 ◽  
Vol 7 (2) ◽  
pp. 214-223 ◽  
Author(s):  
Poonam Gupta
Keyword(s):  
Growth Rate ◽  
Interest Rates ◽  
Short Term ◽  
Economic Growth Rate ◽  
Strong Trend ◽  
Advanced Economies ◽  
Macroeconomic Determinants ◽  
Indian Stock Market ◽  
The Impact

This paper analyses the macroeconomic determinants of remittances to India and assesses the impact of the current global slowdown on these flows. The paper shows that remittances exhibit a strong trend, whereby they have increased at a robust rate of 10 per cent a year since 1992. The movement of remittances is limited around the trend and traditionally has not been affected by the domestic or external macroeconomic variables. This pattern has changed since 2000, when the remittances have responded positively to the domestic interest rates and the Indian stock market; and negatively to the external interest rates. Looking ahead, a slowdown in the economic growth rate in advanced economies is unlikely to reduce the flow of remittances to India in the short term; but a prolonged slowdown, if it significantly reverses the migration of Indians, can reduce the trend growth rate. 

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