THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

THE IMPACT OF ACQUIESCENCE SILENCE ON COLLABORATION AND CREATIVITY OF WORK TEAMS

This study examined the extent to which acquiescent silence affects the collaboration and creativity of employees within the banking sector. For the study, social exchange theory was adopted as the theoretical framework. The study focused on staff with full employment in deposit money banks in the South-South states of Akwa Ibom, Bayelsa, Cross River, Delta, and Rivers. Focus would be on Rivers, Bayelsa and Akwa Ibom. The choice of these three cities and states was informed by proximity to the researcher. Preliminary investigation shows that a total of one thousand, four hundred and forty-one (1441) management and subordinate staff are in the eighteen (18) selected deposit money banks. The determination of the sample size was done using the Krejcie and Morgan (1970) table and the result was 302. Multiple regression was used to test the null hypotheses. Our findings revealed a significant relationship between acquiescent silence and both collaboration and creativity. The study further recommended that organizations need to ensure that both managers and employees have the necessary support to be creative and understand how to use it in their particular job situation.

THE ROLE OF HUMAN RESOURCE MANAGEMENT IN THE REVITALIZATION OF MORIBOND ENTERPRISE

Human resources management plays a significant role in the actualization of organizational goals. It provides the organisation with various strategies and design policies to sustain the organisation. Aside from its known general purposes of getting the right sets of people with acquired skills and knowledge to man strategic positions that will ease the flow of work, it is also of great importance to the survival of existing businesses and resuscitation of failed businesses. It is suggested that human resources management plays substantial role in the revitalization of failed entities therefore this paper x-rays its input in the entire processes.

ANALYSING THE IMPACT OF ECONOMIC POLICIES ON UNEMPLOYMENT AND POVERTY IN NIGERIA

This study is carried out to empirically examine the effect of economic policies on unemployment and poverty in Nigeria between 1970-2019. The persistent and high level of poverty in Nigeria accompanied by severe unemployment despite the adoption and implementation of various economic policies in terms of fiscal and monetary policies is the motivation behind this study. The objective of the study is to examine how effective economic policies have been in terms of fiscal and monetary policies in curbing unemployment and poverty incidence. The variables used are Poverty index (POV), Unemployment Rate (UMP), fiscal policy instruments in terms of Government expenditure (GEX), Tax and Public Debt, Monetary policy instruments in terms of monetary policy rate (MPR), interest rate (INR) and money supply (MS). Time series dynamic analysis was used to analyses the impact of these macroeconomic instruments on poverty and unemployment. The Auto Regressive Distributed Lag (ARDL) Model was used to examine the short-run, interim and long-run effect of economic policies on unemployment and poverty between 1970-2019. Preliminary test such as stationarity test, cointegration test and trend analysis were conducted before estimation. The evidences from various econometrics analyses from this study revealed that, macroeconomic policies such as money supply, government capital expenditure, unemployment rate and interest rate have a statistically significant impact on poverty level in Nigeria from 1970-2019. The implication of this is that an increase in money supply and government expenditure has a negative effect on poverty level but an increase in unemployment rate and inflation rate will lead to higher poverty level in Nigeria since unemployment rate has a positive and significant impact on poverty level. The recommendations made include; that, since government capital expenditure has a negative impact on poverty level, emphasis should be laid on increasing government capital expenditure especially those meant for development programs and projects to enhance employment which will in turn reduce poverty level in the country.

GLOBALIZATION AND THE ECONOMY: EVENTS AND TRENDS FROM NIGERIA

Globalization has contributed greatly to the advancement of organizations, institutions, societies, and nations in several ways, to the point where most entities are increasingly leveraging on it for the expansion and growth they desire, and how this would translate into increased profit. This paper review global economic systems, institutions, organization, governance, and development under the purview of globalization and its components. The theory of transformationalism was adopted to serve as an undergirding theory for globalization in this context. A vigorous and extensive review was accordingly conducted and submissions were made based on the aim of this research paper. It was concluded that the managerial implication of not leveraging on globalization leaves employees obsolete, ineffective and inefficient which will be inevitably evident in the economy; while over-reliance on globalization could destroy nearly any economy because it breaks geographical and national boundaries and makeslocal firms vulnerable in the global space, thereby exposing them to stiffer and unhealthy competition with more economically viable international organizations, in which thesecountries’ low global production cannot compete or match.

INTERPERSONAL TRUST AND EMPLOYEE JOB SATISFACTION OF PRIVATE SECURITY FIRMS IN RIVERS STATE, NIGERIA

Building trust among individuals especially employees is key to achieving stated objectives. In this sense, building interpersonal trust among employees could translate into several positives which may include satisfaction on the job. This study seeks to ascertain if employees are satisfied or enjoy their job especially when they interact with themselves based on trust. 126 security personnel from 15 private security firms in Rivers State were administered copies of the questionnaire accordingly. Only about 73% representing 92 copies were retrieved successfully and used. Spearman's Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS) was used to conduct the analysis. The outcome revealed that enhancing interpersonal trust in terms of vertical trust and horizontal trust is essential in improving the level of satisfaction of employees. It was recommended that; Organizations should develop trust in their employee-employer relationships so as to enhance employee engagement and increase employee retention. Organizations should institutionalize trust in their dealings with employees in order to create a flexible working environment that boosts employee productivity. Organizations should encourage trusting work relationships amongst employees to improve communication and reduce employee absenteeism. Organizations should create a working environment that builds trust amongst employees if they must encourage employee advocacy and lower voluntary turnover. Organizational leadership should create amiable climate that builds team spirit, and contribute positive results towards reducing long-term human resource costs.

AN EVALUATION OF SECURITY IN THE NIGERIAN AIRPORTS

The air transport industry plays a significant role in the global economy. Secure air transport service enhances connectivity in trade, tourism, political and cultural links between States. The research aims to evaluate airport security at Nigerian airports. And the specific objectives are; to assess passengers’ perception of security service in Nigerian airports, determine the effect of airport security on the utility for air travel, and describe the new technologies maximizing airport security as well as proffer possible ways of promoting airport security in Nigeria. The research employed a descriptive survey design relying on a review of literature and questionnaires distributed to respondents to justify the objectives of the research. It was found that security in the Nigerian airport leaves much to be desired, though on the growth path. The research calls for increased security consciousness in the Nigerian Airport given the security challenges, especially the Boko Haram insurgence bedeviling the country, and required that the government embrace new and innovational trends in aviation security to maximize airport security in the country.

COLLABORATIVE MANAGEMENT AND ORGANISATIONAL RESILIENCE: EVIDENCE FROM THE OIL AND GAS INDUSTRY OF A DEVELOPING ECONOMY

This study examined the link between collaborative management and organizational resilience in the oil and gas industry in Rivers State. The quasi-experimental and cross-sectional research designs were adopted. The population is made of 72 managers, supervisors, and HODs of oil and gas firms in Rivers State. The census technique was used for the sampling since the population is relatively small. The Spearman's Rank Order Correlation Coefficient (Rho) was used for the analysis with the aid of SPSS. It was concluded that a sound leadership climate can change the direction of any organization towards achieving its stated goals. This means a good leadership climate could induce high-level firm alliance. Organizational leadership climate is a composition variable that can be brought to bear in proffering varying solutions to the underlying issues in any organization. The outcome of this study resulted in the following recommendations: Collaborative management encourages positive bahaviours towards robustness. Hence, management ought to take decisional actions to increase awareness and improve productivity towards developing timely diverse solutions in handling organizational challenges. Collaborative management improves top-level decision-making to enhance resourcefulness. Therefore, management should encourage employees to make personal decisions about the disturbances and complex problems they face in their job towards preserving their position in the industry. Organizational leadership should build a climate designed to encourage robustness and resourcefulness as that will induce the needed growth towards its desired heights to foster resilience.

THE EFFECT OF COSTLY–TO-IMITATE CAPABILITIES ON SUSTAINED COMPETITIVE ADVANTAGE IN MANUFACTURING FIRMS IN NIGERIA

The study examined the effect of costly–to-imitate capabilities on sustained competitive advantage in manufacturing firms in Nigeria. A sample size of 248 was determined from a population of 700 respondents using Taro Yamene’s sampling technique. Data were collected through structured questionnaire and 248 copies of questionnaire were distributed out of which 232 copies were found useful for data analysis. The data were analyzed using Regression Analysis which was facilitated through Statistical Package for Social Science (SPSS Version 23.0). The findings showed a significant effect of costly–to-imitate capabilities on sustained competitive advantage in manufacturing firms in Nigeria. Based on the findings, the study concludes that costly–to-imitate capabilities significantly affect sustained competitive advantage in manufacturing firms in Nigeria. Hence, the study recommended that management should cultivate a distinctive unique organizational culture that other businesses will find it challenging to emulate. They should establish and pursue ambiguous cause that other firms find it hard to embark on and social complexity that focus on the relationship between managers and employees; managers and directors; the firm and the society (supplier, customers, government and union and associations) in order to gain sustained competitive advantage.

ORGANIZATIONAL LEARNING CAPABILITY AND FIRM INNOVATIVENESS OF MANUFACTURING FIRMS IN THE SOUTH-SOUTH OF NIGERIA

The purpose of this study was to investigate the relationship between Organizational learning capability and firm innovativeness of manufacturing firms in the south-south of Nigeria. The study offers an empirical assessment of the relationship as based on its model – 4 null hypothetical statements are put forward. The research design adopted was the cross-sectional survey and data for this study was generated from managers and key personnel of the target organizations using structured questionnaire. The study adopted the Spearman’s rank order correlation in its assessment for the bivariate correlations between dimensions of organizational learning capability (managerial commitment and system orientation) and measures of firm innovativeness (propensity to create new products and propensity to create new processes). The findings reveal significant relationships between dimensions of organizational learning capability and the measures of firm innovativeness. In conclusion, it was stated that organizational learning capability, through dimensions such as managerial commitment and system orientation, offers the necessary support, orientation and knowledge control for enhancing firm innovativeness.