Ebele, Patricia Ifionu (Nee Ebele Patricia Ugboma)

 

NAME:                                                          Ebele, Patricia Ifionu (Nee Ebele Patricia Ugboma)

 

DESIGNATION(S):                                      Senior Lecturer in Finance and Banking

                                                                        Department of Finance and Banking,

                                                                        Faculty of Management Sciences,

                                                                        University of Port Harcourt.

 

  AREAS OF INTERESTS

Money and Banking, Monetary and Fiscal policy, Public Finance, Development Finance, Investment management, Financial System, Economic Theory, Econometrics and Bank management.

 

CONTACT ADDRESS:                              

OFFICE BLOCK/ADDRESS:                      Department of Finance and Banking

                                                                        Faculty of Management Sciences

                                                                        University of Port Harcourt

                                                                        Rivers State, Nigeria

MOBILE:                                                       +234-8037244697/+234-7068809590

Email:                                                             This email address is being protected from spambots. You need JavaScript enabled to view it. and

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EDUCATIONAL INSTITUTIONS ATTENDED AND QUALIFICATION OBTAINED

 

2005:              Doctor of Philosophy (Ph.D.) in Financial Economics,

University of Port Harcourt.

1999:              Master of Science (M.Sc.) in Monetary Economics (Money and Banking)

with Distinction, University of Port Harcourt.

2012:              Master of Science (M.Sc.) in Finance and Banking

with Distinction, University of Port Harcourt.

2000:              Post Graduate Diploma in Theology (PGT) with Distinction

1992:              Bachelor of Science (B.Sc.Ed.) in Economics,University of Port Harcourt

                        With Second Class Upper Division

1982:              West African School Certificate Girl’s High School, Onitsha, Anambra State

 

PROFESSIONAL AFFILIATES

  • Fellow-Chartered Institute Of Investment And Financial Analyst(FCIFIA)
  • Full member- Nigerian Economic Society (NES).
  • Member- African Econometrics Society.
  • Member- International Academy of Business and Behavioral  Sciences (IABBS)
  • Fellow-Chartered Economists of Nigeria (CEN)

Fellow- Institute of Industrial Administration of Nigeria (NIIA)

 

CONFERENCES AND WORKSHOPS

  • Workshop on “Enhanced Postgraduate Programme Competencies” organized by Postgraduate School of Ignatius Ajuru University of Education. March 16th, 2017 at  IgnatiusAjuru University of Education Rumuolumeni, Port Harcourt, Rivers State, Nigeria.

 

  • Workshop on “Grant-Wining Proposal Writing” organized by Faculty of Management Sciences. May 10th -11, 2017 at Faculty of Management Sciences Post Graduate Hall, University of Port Harcourt, Choba, Rivers State, Nigeria. 
  • A three day workshop on “ The Nigerian Universities Electronic Teaching and Learning platform” by Spectrum Engineering Limited, sponsored by TETfund, march 2nd to 4th , 2016 at ICTC University of Port Harcourt,Choba, Rivers State, Nigeria. 
  • 2ND National Conference of Educators in Banking and Finance in Nigeria: “The Dynamics of Stabilizing the Nigerian Economy Through Banking and Finance Education” by the Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with the National Universities Commission (NUC) and National Board for Technical Education (NBTE). April 28-29, 2016 at International Conference centre, University of Ibadan, Ibadan, Oyo State, Nigeria.
  • A three day conference on Research Methods, Econometrics and Finametrics modeling and estimation using E-views and Microfit Software by IABBS on 13th to 15th  August 2015 at Aldgate Congress Hotel Port Harcourt. Rivers State, Nigeria. 
  • Conference on Emerging Financial/Investment Markets: Nigeria And Beyond organized by Chartered Institute of Investment And Financial Analyst, November 29th,2014 at Nicon Hilton, Abuja
  • Ifionu, E.P. and Nnamdi, K.C. (2013): “Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A paper presented at the 18th Annual Conference organized by the African Econometric Society at the Royale Hotel, Accra, Ghana, 25th – 27th July.
  • Ifionu E.P. and Nnamdi, K.C. (2012): “The Effectiveness of Economic Policies on Economic Growth and Development in Nigeria”, A Paper presented at the 17th annual conference organized by the African Econometrics Society at the Imperial Royale Hotel, kampala, Uganda, 25th-27th July.
  • A two day training workshop on Nigeria Open Budget survey 2011 organized  by CIRDDOC NIG IN COLLABORATION with International Budget Partnership (IBP) Washington D.C. sponsored by UNICEF, march 28 -29, 2011 at Roban Hotels Ltd Enugu.
  • Nwanekezie A.U. and Ifionu E.P. (2010). Social cultural factors and Female Education. A case of Oru- east Local Government Area. A paper presented at the 2nd National Conference of International Association of gender Equality ( IAFGE) on 19th -22nd April, 2010 at EbitimiBanigo Hall,  Uniport.
  • Ifionu E.P and Ogbuagu A. (2008). “Women And The Economy InAfrica” paper presented in 1st interdisciplinary colloquium on Gender, Culture and Human Development, by NAWAS Uniport Chapter.

Theme:  Woman and the Millennium Development Goals in Africa.EbitimiBanigo Auditorium uniport 4th -7th March 2008.

  • Ifionu E.P and Onyeagu, A.N. (2008).“Rural Energy Poverty In Developing Countries Implication For Gender”. 1st international Conference on Energy Crisis in Nigeria; Enemy within or conspiracy theory Uzoka Hall faculty of social sciences NnamdiAzikiwe University, AwkaMarch 2008.
  • Ifionu E.P. and Nsirim N. E. (2006). “Domestic Tiger, Public Lamb: The Crises Of Gender Equality In National Development”. 2nd international conference of the Transatlantic Research Group. In Association.

Theme: Gendering Global Transformation: Gender, Globalization and Transformation in Africa and the African Diaspora.AlvanIkokuCollege of Education,Owerri 28-30th July 2006.

AWARDS AND HONOURS

  1. Best morally Behaved Student in Girl’s High School Onitsha, 1982 (Honour Conferred on me by the School Management)
  2. Most Honest and Dedicated Teacher in Girls Secondary School, Oraifite. (Where I was given a golden cup as a leader of the House that took first position in 1997 Interhouse competition).
  3. Best Graduating Student in Redeemed Bible College, (2000 set).
  4. Prayer Matron of the Department, by Association of Department of Finance and Banking students (NABAFS), University of Port Harcourt Chapter 2011.
  5. Meritorious Award by RCCG, Dominion Mega as The Pioneer Area Pastor, November 14th 2015.
  6. Award as an Active Mother by Presbyterian Church of Rumuopirikom, Port Harcourt (Where I officiated as Guest Minister). March 12th 2017.
  7. Senior Pastor/Pastor in-charge of Zone Redeemed Christian Church.
  8. Patron Redeemed Christian Fellowship (RCF) University of Port Harcourt 2011 to date.

 

WORK EXPERIENCE

  1. Oct. 2013 to Date:              Senior Lecturer

Department of Finance and Banking,

University of Port Harcourt.

  1. Oct. 2015 to Sep. 2016:                Adjunct, Senior Lecturer

Department of Accounting,

Faculty of Management Sciences

Ignatus Ajuru University of Education,

St John’s Campus, Port Harcourt.

  1. Jan 2010 to 2013:                         Lecturer I

Department of Finance and Banking,

University of Port Harcourt.

  1. Oct. 2009 to Jan. 2010:                Lecturer I

Department of Economics,

NnamdiAzikiwe University

Awka, Anambra state.

  1. Jan. 2005 to Oct. 2009:                Lecturer II

Department of Economics,

NnamdiAzikiwe University

Awka, Anambra state.

  1. 2004 – 2005:                       Teaching/ Research Assistant

Department of Economics,

University of Port Harcourt.

  1.  2000 - :                               Part Time Lecturer

                                                Post-NCE Unit,

                                                University of Port Harcourt.

  1. Oct. 1992 – 1993:                         National Youth Service Corp (NYSC)

                                                Girls’ Secondary School,

                                                Oraifite, Anambra, State.

 

PROFESSIONAL EXPERIENCE

2017 to date:      Editor in Chief

                         Nigerian Journal of Financial Research (NJOFIR)

2013 – 2016:      Associate Editor

                         Nigerian Journal of Financial Research (NJOFIR)

2010 – 2013:      Member, Editorial Board,

                         Nigerian Journal of Financial Research (NJOFIR)

2016 to Date:     Member, Editorial Board,

                         West African Journal of Business and Management Sciences,

                         Faculty of Business Administration, Imo State University,

                         Owerri, Nigeria.

2016 to Date:     Member, Editorial Board,

                         Unihez Journal of Management & Social Sciences.

                         Umudim, Imo State, Nigeria.

2006 to Date:     Supervised over 250 Undergraduate and Graduate Projects.

 

OTHER ACTIVITIES IN THE UNIVERSITY OUTSIDE TEACHING AND RESEARCH COMMITMENTS (E.G. MEMBERSHIP OF COMMITTEES, ADMINISTRATIVE RESPONSIBILITIES HELD ETC.)

Jan, 2017 to date:                   Ag. Head of Department,

                                                Department of Finance and Banking

                                                Faculty of Management Sciences,

                                                University of Port Harcourt.

Jan. 2017 to Date:                  Member of Senate

Jan 2015 to Jan. 2017:                    Coordinator, ACIB/B.Sc. Linkage

                                                Programme,

                                                Department of Finance and Banking

                                                Faculty of Management Sciences,

                                                University of Port Harcourt.

Oct. 2014 to Oct. 2016:                   Member, Welfare Committee

                                                Faculty of Management Sciences.

2014 – 2015:                           Member, Task Force on Graduate

                                                Programme,

                                                Faculty of Management Sciences.

2013 – 2015:                           Academic Staff Adviser

2011 – 2015:                           Chairperson, Departmental Welfare

                                                Committee.

2015:                                       Chairman, committee on Review of

Curriculum of the ACIB/B.Sc. Linkage

Programme and Propose Academic

Programme for the Professional Master’s

 Degree in Finance and Banking (MFB)

Jan.2015 to Jan 2017:            Secretary, ACIB/B.Sc. Linkage Committee

Jan. 2017 to Date:                  Member ACIB/B.Sc. Linkage Committee

                                                University of Port Harcourt.

 

SERVICE TO THE PUBLIC

  • Senior Pastor, Redeemed Christian Church of God, Rivers Province.
  • Member, Obosi Believers Association.
  • Financial Advisor, African Programs, Alpha Zomax Consultants, Inc., Chicago, USA. 2015-Date.
  • Research Consultant/Coordinator, Open Budget Survey 2011 covering Rivers State as one of the pilot states, Organized by International Budget Partnership (IBP), Washington D.C. in collaboration with CIRDDOC Nigeria sponsored by UNICEF.

 

RESEARCH/PUBLICATIONS

1.   Dissertations:

(i)   M.Sc. (Economics) Thesis; Foreign Private Investment and Nigerian’s Economics Growth: The Case of Manufacturing Sector, 1970-1996

(ii)  Ph.D. Dissertation. An Investigation of the Determinants of Investment Behavior in Nigeria’s manufacturing sector, 1970-2000.

(iii) M.Sc. (Finance & Banking) Thesis. Banks’ Financial Intermediation: Implication for Economic Growth in Nigeria, 1970-2010.

 

EDITORSHIP OF ACADEMIC JOURNALS:

Associate Editor, Nigerian Journal of Financial Research (Published by Department of Finance and Banking, University of Port Harcourt), 2014 to date.

 

ACADEMIC PUBLICATIONS

  1. Publications in Journal Articles

i. Publications in International Journals

  1. Ifionu, E.P&Akinpelumi O. F. (2017). The Role of Entrepreneurial Financing on National Output: An Empirical Analysis. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 11 (3), Serial No. 47, 162-177, JULY, 2017:Ethiopia, www.afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online).
  2. Ifionu, E.P. &Theophilus B. (2016). International Trade Policies and Performance Index in an Emerging Economy. Reiko International Journal of Social and Economic Research.Vol.10. No.2A, December 2016, Pp 11-28, MaryLand, U.S.A.www.reikojournals.net   ISSN: 2211-1802.
  3. Ifionu, E.P&Olieh G. (2016). A Decade of Microfinance Banks’ Operation and Economic Development in Nigeria. Research Journal OF Finance and Accounting.Vol.7, No. 5,Pp. 152-161.New York, United States/London, United Kingdom.www.iiste.org. ISSN: 2222-1697 (print);ISSN: 2222-2847 (online).
  4. Ifionu, E.P&Keremah, S.C (2016). Bank Reforms and Deposit Money Banks Performance: Evidence from Nigeria. European Journal of Business and Management, Vol.8, No. 7,Pp. 136-152. New York, United States/London, United Kingdom.www.iiste.orgISSN: 2222-1905 (print);ISSN: 2222-2839 (online)
  5. Ifionu, E.P&Ibeh R. (2015). Financial Dualism, the informal sector and Economic Growth: An Econometric Investigation of the Nigerian Evidence. International Journal of Empirical Finance. Vol. 4, No 7, 2015,  Pp 467 – 478. USA. www.rassweb.com.
  6. Eketu, C. &Ifionu, E.P. (2015). Firms’ Collaborative Behaviour and Enterprise Resilience in Nigerian Banks. International Journal of Business and Management, IJBM” Journal VOL.3.Issue 9.September.2015.IAU, Iranwww.theijbm.com. ISSN 2321-8916
  7. Ifionu, E.P&Akinpelumi, O. F. (2015). Macroeconomic Variables and Money Supply: Evidence from Nigeria. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 9 (4).Pp 288-307, Sept 2015.Ethiopia, www.afrrevjo.netISSN 1994-9057 (Print) ISSN 2070-0083 (Online).
  8. Ogbuagu, A.R&Ifionu, E.P. (2015).Causality between Capital Flow, Human Capital Development and Economic Growth: A Case of Nigeria. International Journal of Financial Research,Vol 6. No3. July 10, 2015,Sciedu Press, Canada,http//ijfr.sciedupress.com ISSN: 1923-4023(Print) ISSN: 1923-4031 (Online).
  9. Ifionu, E.P&Ibeh, R. (2015): Inflation, Interest Rate, Real Gross Domestic Product and stock Prices on the Nigerian Stock Exchange: A Post SAP Impact Analysis.Research Journal of Finance and Accounting, Vol. 6, No.14, 2015, New York, United States/London, United Kingdom.www.iiste.org. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online).
  10. Ifionu, E.P.&Nnamdi, K.C. (2014).The Effectiveness Of Economic Policies On Economic Growth And Development Of Nigeria.South Asian Academic Journal On Banking And Insurance Research(SJBIR).Vol.2,Issue 6,November 2014. Harana, India,www.saarj.com. ISSN: 2319-1422.
  11. Ifionu, E.P&Nteegah, A. (2013). Investment in Education and Economic Growth in Nigeria (1981-2012) West African Journal of Industrial & Academic Research, IISTRD, Vol.9 No1 Pp. 141-157, December 2013.USAwww.wajiaredu.com. ISSN: 2276-9129.
  12. Ifionu, E.P&Omojefe, G.O. (2013).The Capital Market and Performance of The Nigerian Economy: A Time Series Analysis. West African Journal of Industrial & Academic Research, IISTRD, Vol.8. No1,September, 2013.USAwww.wajiaredu.com.ISSN: 2276-9129.
  13. Ifionu, E.P&Nnamd,i K.C. (2013). Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A Financial Econometric Analysis (1970-2012) Asian Academic Research Journal of Social Science & Humanities (AARTSH) Vol.1 issue 13 July, 2013.India,www.asainacademicresearch.org. ISSN: 2278-859X.
  14. Ifionu, E.P. &Ogbuagu, A.R. (2013). “Privatization and Economic Performance: Evidence from Nigeria (1990- 2010),” African Research Review on International Multidisciplinary Journal, Ethiopia, vol. 7 (2), Serial No. 29, Pp 16-43. Ethiopia,www.afrrevjo.com. ISSN: 1994-9057 (Print);ISSN: 2070-0083 (Online)
  15. Okereke, E.J. &Ifionu, E.P. (2013). Financial Intermediation and the Nigerian Economy: A Time Series Analysis, West African Journal of Industrial and Academic Research, IISTRD, Vol. 6., No. 1, March 31.USAwww.wajiaredu.com.ISSN: 2276-9129.

ii) Publications in National Journals

  1. Ifionu, E.P. &Muotoh, I. (2017). Financial Sector Liquidity and Performance Assessment: Evidence from the Nigerian Deposit Money Banks. Unihez Social and Policy Journal .Vol.8. No.2, March 2017, Pp 58-75, Hezekiah University IshialaUmudi, Imo State, Nigeria. www.unihezjournals.org.   ISSN: 977-36966.
  2. Ifionu, E.P.&Cookey, U. C. (2017). Macroeconomic variables and Foreign Direct Investment in Nigeria. FUO Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 113-126, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org.   ISSN: 178-87722.
  3. Ifionu, E.P.&Anwana, C. (2017).Impact of Monetary and Fiscal Policies on Nigeria’s Economic Growth: Empirical Analysis .FUO Journal of Business and Finance Directorate of Entrepreneurship.Vol.7. No.1, March 2017, Pp 56-78, Federal University, Otuoke, Bayelsa State, Nigeria.www.fuojournals.org.   ISSN: 178-87722.
  4. Ifionu, E.P.&Akinpelumi, O.F. (2016) Empirical Review of Aggregate Stock Prices and Exchange Rate in Nigeria. University of Port Harcourt Journal of Accounting and Business.Vol.3. No.1, March 2016, Pp 259-277, Choba, Port Harcourt, Nigeria.www.uniportjab.ocrg.  ISSN: 979-52334.
  5. Ifionu, E.P. &Keremah, S.C. (2016) Cashless Policy and Financial Development In Nigeria. University of Port Harcourt Journal of Accounting and Business. Vol.3. No.1, March 2016, Pp 215-233.Choba, Port Harcourt, Nigeria.www.uniportjab.org. ISSN: 979-52334.
  6. Ifionu, E.P.&Ihemeje, J.C. (2016) Analysis of Dividend Policy As a Strategic Tool For Profit Performance In Nigerian Organizations.Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 285 – 304.Umudim Imo State, Nigeria. ISSN: 979-41323.
  7. Ifionu, E.P&Akinpelumi O.F. (2016) Money Market and Economic Performance in Nigeria.Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 251 – 270.Umudim Imo State, Nigeria. ISSN: 979-41323.
  8. Ifionu, E.P (2016) The Impact of Merger and Acquisition on Banks Performance in Nigeria.West African Journal of Business and Management Sciences. Vol.5, No.1, March 2016. Pp 139– 158.Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.
  9. Ifionu,  E.P (2016) Liquidity Management and Performance of Deposit Money Banks in Nigeria. West African Journal of Business and Management Sciences.Vol.5, No.1,March 2016, Pp 48– 65.Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.
  10. Ifionu,  E.P (2016) The impact of Trade Openness on Economic Performance in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2.March 2016. Pp 68– 85.Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.
  11. Ifionu,  E.P (2016) Effect of inflation on stock prices of companies in Nigeria. RhemaUniversity Journal of Management and Social Sciences.Vol.3, No. 2,March 2016. Pp.7– 25.Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.
  12. Ifionu, E.P.&Akinpelumi, O.F. (2016).Strategic Reformation of the Financial Sector and its Economic Performance Influence: An Empirical Evaluation.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state.ISSN 1599-8051.
  13. Ifionu, E.P.&Uzokwe, G. O. (2016).Exchange Rate Patterns and Trade Relationship in Nigeria.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state.ISSN 1599-8051.
  14. Ifionu,E.P  (2015) Credit Risk Management and Performance of Deposit Money Banks in Nigeria. Hezekiah University Journal of Management & Social Sciences.Vol.3.No.1 December 2015.Pp 282 – 299.Umudim Imo State, Nigeria.www.unihezjournal.org. ISSN: 979-41323.
  15. Ifionu, E.P&Akinpelumi, O.F. (2015) Nigerian Trade and Unemployment Trend: Empirical Review.Hezekiah University Journal of Management & Social Sciences. Vol.3, No.1, December 2015. Pp 195 – 211.Umudim Imo State, Nigeria.www.unihezjournal.org. ISSN: 979-41323.
  16. Ifionu, E.P (2015) Exchange Rate Fluctuation and Growth of Nigerian Economy: An Econometric Analysis. Department of Finance and Banking, University of Port Harcourt, Nigeria. Vol.10. No.2.Pp 42-52,ISSN 1599-8051.
  17. Ifionu, E.P (2015) Interest Rate Volatility and Performance of the Nigerian Economy. Department of Finance and Banking University of Port Harcourt, Nigeria.Vol.10. No.2.Pp 11-22, ISSN 1599-8051.
  18. Ifionu, E.P&Akinpelumi O.F (2015) Foreign Resources and Economic Growth and Development: The Nigerian Experience.Faculty of Management Sciences Journal, Vol. 2. No.1, Pp 90-122, July 2015.Department of Finance and Banking, University of Port Harcourt, Nigeria.
  19. Alani, G.O. &Ifionu, E.P. (2014). Microfinance Banks andthe Stimulation Of Banking Habits Among Rural Dwellers In Nigeria (A Case Study Of Some Selected Local Government Areas In Kogi State), Nigerian Journal Of Financial Research.Vol. 9,No.2, December 2014.Department of Finance and Banking, University of Port Harcourt, Nigeria.ISSN: 1599-8051.
  20. Ifionu, E.P.&Nnamdi, K.C. (2014). SME Financing and Economic Performance in Nigeria. Nigerian Journal Of Financial Research Vol. 9, No.1,Pp. 128-132, June 2014, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051.
  21. Ndu, E.C, Ifionu, E.P.,Ademe D.P. (2014).The Role Of Mission Statement In Strategic Marketing Planning:An Assessment And Validation. West African Journal Of Business And Management Sciences; Nigerian Edition.Vol.3.No.2A, Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.
  22. Ifionu, E.P. &Ibeh, R.C. (2009). A Time Series Analysis of Stock Market Index and some Macroeconomic indicator in Nigeria via the Cointegration Approach,Journal of Economic Studies, Vol. 8, No. 1, 2009.Pp 33-51.Department of Economics NnamdiAzikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.
  23. Ifionu, E.P. and Uwaifo, E. (2011). An Appraisal of Central Bank of Nigeria’s Monetary Policy on credit control (1980-2010).Trend Journal of Management and Social Sciences.Vol. 4, No. 3.Pp 63-70.University of Port Harcourt, Choba, Port Harcourt State, Nigeria.
  24. Onyeagu, A.N and Ifionu, E.P. (2008). International Migration and Poverty Reduction In Africa. Journal of Economics Studies Vol. 7, No. 1.Department of Economics NnamdiAzikiweUniversity,Awka.Anambra State, Nigeria.
  25. Onyeagu, A.N and Ifionu, E.P. (2008).Rural Energy Poverty in Developing Countries; Implication for Gender. Nigeria Journal of Energy & Environmental Economics, Maiden edition, AEEEN Awka.Anambra State, Nigeria. ISSN: 2006-8395.www.aeeen.org
  26. Ifionu, E.P. and Ozue, R.C (2008). The impact of Monetary Policy on Investment Behaviour; The Nigerian Experience, 1980-2005.Multidisciplinary journal of research and development Vol. 10 No. 7.Pp 12-21. July 2008. Makurdi, Benue State, Nigeria. ISSN: 1596-974X.
  27. Ifionu, E.P. and Ogbuagu, A (2007). An Econometric Evaluation of Exchange Rate and External Sector Performance in Nigeria, 1975-2005. Nigeria Academic Forum, Vol. 13, No. 2, November 2007, pp. 1-11 National Association of the Academics Publications; Awka.Anambra State, Nigeria. ISSN: 1596-3306.
  28. Ifionu, E.P. and Obi Kenneth (2007). Globalization and National Development The place of Nigeria, Journal of Economics Studies, Vol. 6, No. 1, pp. 78-84. Department of Economics NnamdiAzikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.
  29. Ohale, L. and Ifionu, E.P. (2007). Privatization and Commercialization of PublicEnterprises: Theoretical Paradigms and Perspectives. Nigeria Sociological Review, Vol. 2, No. 1, pp. 36-44, Bayelsa State, Nigeria.NISS Publications.
  30. Onuchukwu, O. and Ugboma, E.P. (2003). Macroeconomic Determinants of Manufacturing Investments in Nigeria, 1979-2000.Journal of Economic and Social Research.Vol.2, No.2, Pp. 43-56 Benue State University Makurdi, Benue State, Nigeria. ISSN: 1596-4221.

 

RESEARCH SENT OUT FOR PUBLICATION

  1. International financial flow and the Nigerian Economy (1986-2015). International Journal of Business Research(IJBR) ISSN.Print 2162-0954. Modern Technology and Management Institute. Accepted for Publication on 26th August, 2017.

 

 

B. CHAPTER CONTRIBUTIONS IN BOOKS

Ifionu, E. P. (2016) “Women Entrepreneurship” in Basic Entrepreneurship and Small Business Management, University of Port Harcourt Press, Pp185-209, February 2016.

 

APPENDIX II:    ABSTRACT OF ACADEMIC PUBLICATIONS BY DR. E.P. IFIONU (JOURNAL ARTICLES)

A: JOURNAL PUBLICATIONS

 

S/N

AUTHOR(S) YEAR

TITLE OF PUBLICATION

DESCRIPTION/ SUMMARY

i.

Abstract

1.

Ifionu, E.P & Akinpelumi O. F. (2017).

The Role of Entrepreneurial Financing on National Output: An Empirical Analysis. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 11 (3), Serial No. 47, 162-177, JULY, 2017: Ethiopia, www.afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online).

Due to the magnanimous role of entrepreneurial finance in spurring output thereby fostering economic performance as supported by the intermediation and entrepreneurial financing theory, this study explored the influx of entrepreneurial financing on output generation in Nigeria utilizing secondary sourced data over the period of 1992 to 2014. The study was carried out utilizing analytical tools such as the Unit root/Stationarity test, Ordinary Least Squares Regression, Johansen Co-integration, Error Correction Estimates and Pairwise Granger Causality tests. It was discovered that in both the short and long run relationship, analyses indicated that Micro-Credit (MC) and Commercial Banks Loans to Small and Medium Scale Enterprises (CME) influence on the Gross Domestic Output in the nation had been on the increase. It was discovered that Access to Credit Facilities (ASCF) and Small and Medium Equity Investment (SMIE) played insignificance role in the nation’s performance level. This study discovered the accessibility to fund a major problem. In this light, it was recommended that government ought to, as a matter of criticality, help planned business visionaries to have admittance to the public purse to back them up and provide them easy access to fundamental data identifying with business opportunities, present day innovation, crude materials, business sector, plant and hardware which would empower them to diminish their working expense.

2.

Ifionu, E.P. & Theophilus, B. (2016).

International Trade Policies and Performance Index in an Emerging Economy. Reiko International Journal of Social and Economic Research.Vol.10. No.2A, December 2016, Pp 11-28, MaryLand, U.S.A.www.reikojournals.net   ISSN: 2211-1802.

This study evaluate the long-run relationship between the adopted international trade policies of nations in a liberalized system and economic performance in emerging nations with a strong scope on the Nigerian economy over a period of 1986 to 2015. Secondary data were sourced from Central Bank of Nigeria’s statistical Bulletin and National Bureau of statistics. The data were analyzed and hypotheses tsted using econometrics tools such as Ordinary Least Square Regression Model (OLS), Augmented Dickey-Fuller (ADF), Johansen Co-integration Test, Parsimonious Dynamic Error Correction Model and Granger Causality Test. The study found mixed results as only Current Exchange Rate and Capital Flow were discovered to significantly influence economic performance in Nigeria. Trade Openness and Tariff Rate showed a positive but insignificant relationship with Economic Performance. It recommends that the economy should be diversified urgently to boost exports and enhance economic performance. Incentives such as loans should be advanced to small and Medium Scale Enterprises (SMS) at single digit interest rate in order to increase domestic production and exports which will reduce capital flight and attract foreign direct investment. Finally, there should be massive infrastructural development, improved security and ease of doing business all aimed at creating a better and more conducive business environment to improve economic performance in Nigeria.

3.

Ifionu, E.P & Olieh, G. (2016).

A Decade of Microfinance Banks’ Operation and Economic Development in Nigeria. Research Journal OF Finance and Accounting. Vol.7, No. 5, Pp. 152-161. New York, United States/London, United Kingdom.www.iiste.org. ISSN: 2222-1697 (print); ISSN: 2222-2847 (online).

This study looks at a decade of microfinance banking operations in Nigeria and its impact on Economic development. The main objective of this paper is to investigate empirically the impact of a decade of microfinance bank operations on economic development in Nigeria spanning from 2005 to 2014. The data were sourced from Central Bank of Nigeria while the Ordinary Least Squares method of multiple regression analysis and Granger Causality Test were employed to determine the short run relationship and the causality between the variables utilizing E-view 6 package. Human Development Index (HDI) is used as proxy for economic development while the two most prominent variables; Deposits and Loans are used as regressors to proxy Microfinance bank operations. The result showed that Deposit mobilization remains the key mover in microfinance bank operations and contributes positively to economic development while banks Loans exhibited a negative contributions which could be explained away by the high interest rates, diversions, heavy fees and harsh economic conditions which saw many clients always struggling to meet up with loan repayments. Outreach sufficiency is to be encouraged by ensuring the establishment of more MFBs; this will also help access to loans and entrench competition which will naturally drive down the loan charges to clients.

4.

Ifionu, E.P & Keremah, S.C (2016).

Bank Reforms and Deposit Money Banks Performance: Evidence from Nigeria. European Journal of Business and Management, Vol.8, No. 7,Pp. 136-152. New York, United States/London, United Kingdom. www.iiste.org  ISSN: 2222-1905 (print); ISSN: 2222-2839 (online).

This study investigates the impact of banking reforms on the performance of Deposit Money Banks in Nigeria spanning from 1995 to 2012. The main purpose of this study was to ascertain the effect of banking reforms on bank performances in Nigeria. The required data for this study was obtained from secondary sources, which include publications of Central Bank of Nigeria and Federal office of statistics. This study covers all Deposit Money Banks in Nigeria. Test for Equality of means method was adopted, while E-views 7.1 is the computable software that was used to analyze the data. Thus, the study reveals that Return on Equity and banks profitability have a significant difference in the pre and post bank reform era while Return on Assets shows that there is no significant difference in the pre and post banking reform era in Nigeria. Thus, the study reached a consensus that the improved level of Deposit Money Bank profitability is associated to the various bank reforms in Nigeria. Therefore, we recommend that Banks should improve their total asset turnover and diversify in such way that they can generate more income on their assets.

5.

Ifionu, E.P & Ibeh R.(2015).

Financial Dualism, the informal sector and Economic Growth: An Econometric Investigation of the Nigerian Evidence. International Journal of Empirical Finance. Vol. 4, No 7, 2015,  Pp 467 – 478. USA. www.rassweb.com.

This study empirically examined the impact of the informal financial sector on economic growth in Nigeria from 1981-2013. The stationarity of the variables in the model were first tested via the Augmented Dickey-Fuller (ADF) and Philip Perron (PP) unit root tests and results indicate that all the variables wer integrated in the order of I (1). Having confirmed the stationarity of the variables (GDPPC, DFIN, INSEC, RINIR and TSAV), the analysis was pushed further to determine the long-run equilibrium relationship between the variables in the model by using the trace statistics test and maximum eigenvalue test of Johansen multivariate cointegration test after the order of linear deterministic trend. The informal financial sector impacts negatively on gross domestic product per-capital in Nigeria. Other variables that impact negatively on GDP are real interest rate, degree of financial depth while total saving has a positive but insignificant relationship. A major policy recommendation which drawn from the above findings is that the linkage between the formal and informal sectors in Nigeria should be strengthened towards full elimination of dualistic market. Deposit money banks and monetary authority should evolve policies aimed at reaching the unbanked informal sector agents, especially the rural household and the urban informal production units. This will deepen the financial sector and assist in mobilizing the much needed savings that will engender investment and growth in the economy

6.

Eketu, C. & Ifionu, E.P. (2015).

Firms’ Collaborative Behaviour and Enterprise Resilience in Nigerian Banks. International Journal of Business and Management, IJBM” Journal VOL.3.Issue 9.September.2015. IAU, Iranwww.theijbm.com. ISSN 2321-8916.

 

The paper adopted objectivism as its research philosophical paradigm to evaluate the impact of firm’s collaboration behaviour on enterprise resilience of banks in Nigeria. The research data were collected from a cross-sectional survey involving 17 banks that adopted collaboration behaviour (Merger or acquisition). The formulated research hypotheses were tested using Pearson’s Product Moment Correlation statistics. From the test results, it was found that collaborative behaviour, particular acquisition, galvanizes the resilient capacity of banks, while mergers, although trends in that direction, but has inherent inhibitions. Based on this, the study concludes that integrative behaviour found in mergers and acquisition is a substantial resilient reinforce of banks in terms of their resilient capacity against environmental threats. The paper recommends that banks faced with threats of irresilient should adopt integrative behavior mostly acquisition and to a lesser extent mergers to survive the perturbations in their highly dynamic and wild environment.

7.

Ifionu, E.P & Akinpelumi O. F. (2015).

Macroeconomic Variables and Money Supply: Evidence from Nigeria. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 9 (4), Vol. 9 (4). Pp 288-307, Sept 2015. Ethiopia, www.afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online).

This paper reviews the effect and implication of selected Macroeconomic variables on Money supply (M2). Using derived secondary data gotten from Central Bank statistical Bulletin (2013). Coupled with the application of econometric technique such as; O.L.S, causality test and Co-integration of time series data to estimate the long and short run relationship and causality of employed variables. The results revealed that all the variables were stationary at various lags and there exists a long run relationships between variables employed and it was discovered that apart from inflation having an inverse significant with money supply (M2) and Exchange Rate (EXR), all other variables such as Gross Domestic Product (GDP) were found to have a positive impact on Money Supply. It was therefore recommended that Nigeria Banks should be committed to mission of price stability as well as improving the regulatory and supervisory frameworks to secure a strong financial sector for efficient intermediation in other to avoid the inflationary impacts, government should control the excessive expansion in broad money supply in Nigeria.

8.

Ogbuagu A.R & Ifionu, E.P. (2015).

Causality between Capital Flow, Human Capital Development and Economic Growth: A Case of Nigeria. International Journal of Financial Research, Vol 6. No3. July 10, 2015, Sciedu Press, Canada,http//ijfr.sciedupress.com ISSN: 1923-4023(Print) ISSN: 1923-4031 (Online).

This paper explored the impact of capital flow, human capital development on economic growth using annual time series data. To achieve our objective; pairwise granger causality and dynamic autoregressive model was used. And we found no causality between capital flow (proxied by de jure de facto measures of capital openness), human capital development ( education expenditure and health exdependiture) and economic growth. Again de jure (Deju) have a significant impact on economic growth. While foreign direct investment (fdin), foreign portfolio investment (pfin), credit to private sector (cpsn), external debt (debt), total education expenditure (exed) and total health expenditure (exht) have no significant impact on the growth rate.

9.

Ifionu, E.P & Ibeh, R. (2015).

Inflation, Interest Rate, Real Gross Domestic Product and stock Prices on the Nigerian Stock Exchange: A Post SAP Impact Analysis. Research Journal of Finance and Accounting, Vol. 6, No.14, 2015, New York, United States/London, United Kingdom.www.iiste.org. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online).

 

This study investigate the impact of inflation, interest rate and Real Gross Domestic Product on stock prices of quoted companies on the Nigeria Stock Exchange (NSE) post SAP. Time series data was used covering the period 1985-2012. The stationary properties of the data were tested using Augmented Dickey-Fuller (ADF) and Philips Perron (PP) unit root tests. They were all integrated at order I (1). The Johansen Multivariate Cointegration test indicates the existence of long-run equilibrium relationship among the variables in model. There are no causal relationships between the variables based on the Granger Causality test. Our equation estimation result indicates a good fit of the model. 96.8% of variations in the dependent variables were as a result of changes in the independent variables. The Durbin-Watson of 1.867475 is a little below the benchmark of 2 but we don’t have to worry about serial correlation problem. Two other diagnostic tests the Breusch-Pagan-Godfrey test for heteroscedasticity and Ramsey RESET test for stability and both indicate we don’t have to worry about those problems. Specifically, the findings suggest that inflation was the most important variable influencing stock pries in Nigeria. Therefore, it is the opinion of this paper that stronger measures be adopted to effectively combat the problem of inflation in Nigeria.

10.

Ifionu, E.P.& Nnamdi, K.C. (2014).

The Effectiveness Of Economic Policies On Economic Growth And Development Of Nigeria. South Asian Academic Journal On Banking And Insurance Research (SJBIR).Vol.2,Issue 6,November 2014. Harana, India,www.saarj.com. ISSN: 2319-1422.

 

This paper is to investigate the effectiveness of fiscal and monetary policies using macroeconometric model estimated for 1980-2011. Based on the least squares methodology, we specified linear model fo Human Development Index as a proxy for economic development, while real GDP captures economic growth. An important findings was that fiscal policy has developmental potential while monetary policy is growth enhancing since the 1980’s. Similar to Ajisafe and Folorunso (2002), we showed that monetary policy exhibits a positive relatipnship with the level f growth, but not significant on development. Also, fiscal policy contributes positively and slightly significant to development but retard growth. We provide evidence that changes in real growth precedes variations in government expenditure. The Johansen and Juselius (1988) maximum likelihood method shows that economic policies influence growth and development even in long-run. Therefore, we recommend optimal policy co-ordination for Nigeria.

11.

Ifionu, E.P & Nteegah, A. (2013).

Investment in Education and Economic Growth in Nigeria (1981-2012) West African Journal of Industrial & Academic Research, IISTRD, Vol.9 No1 Pp. 141-157, December 2013. USAwww.wajiaredu.com.  ISSN: 2276-9129.

 

This study examines the impact of government investments in education on economic growth in Nigeria over the period 1981-2012. Economic growth proxy by growth rate of GDP is the dependent variable while the government capital expenditure on social service, recurrent expenditure on education, primary school total pupil enrolment and primary school pupils teachers ratio are explanatory variables. Employing the OLS technique, the paper found that government capital expenditure on social service (education and health) and government recurrent expenditure on education have significant implications on economic growth over the period of study. Total primary school pupil enrolment and primary school pupils-teachers enrolment were found to have mixed influences on economic growth. The low level of finding of the sector, poor condition of service, high level of pupils out of school and the low pupil-teachers ratio in Nigeria were suspected to have accounted for these results. However, the goodness of fit of about 66 percent indicates that high potential for growth exist in the educational sector.  The paper therefore recommends an increase in government budgetary allocation to the education sector from the present less than 15 percent to UNDP/UNESCO requirement of 25 percent allocation to the sector, improvement in the welfare of educational staff and regular monitoring of funds and services rendered in the sector to ensure improved standards as possible ways of making education growth a friendly sector in Nigeria.

12.

Ifionu, E.P & Omojefe, G.O. (2013).

The Capital Market and Performance of The Nigerian Economy: A Time Series Analysis. West African Journal of Industrial & Academic Research, IISTRD, Vol.8. No1, September, 2013. USA www.wajiaredu.com. ISSN: 2276-9129.

 

The vibrant capital market plays a crucial role in promoting the growth and development of the economy. The study examined the performance of the capital market and its impact on the economic growth of Nigeria. Using a time series data covering a period of 26 years (1985-2010) and employing the econometric tool of co-integration analysis, the study empirically establish a strong link between a dynamic capital market and economic and economic development. The result of the study reveals a strong correlation between economic growth and the independent variables. This is clearly shown in the very high R2, adjusted R2 and F-ratio of 81.7%, 79.3% and 32.95250 respectively. With the exemption of All Share Index, the other two regressors do not have significant impact on economic growth of Nigeria within the period of study. On the whole, 81.7% variation in economic growth in Nigeria is explained by the model. The long run relationship shows that only market capitalization impact significantly on the GDP. In the same manner the short run error correlation model still indicates that market capitalization impacts positively on the economy. The study therefore recommends the pursuit of policies that would improve the depth and breadth of the Nigerian capital market so as to engender a rapid development of the market that would result in the economic growth and development of the economy.

13.

Ifionu, E.P and Nnamdi, K.C. (2013).

Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A Financial Econometric Analysis (1970-2012) Asian Academic Research Journal of Social Science & Humanities (AARTSH) Vol.1 issue 13 July, 2013. India,www.asainacademicresearch.org. ISSN: 2278-859X.

This research paper examines exchange rate volatility over time (1970-2012) using the Generalized Autoregressive Conditional Heteroscedasticity (AR GARCH) model of the Maximum Likelihood techniques. Our AR GARCH result showed that lagged (last year) exchange rate is significantly responsible for the dynamics of Naira/ Dollar exchange rate in Nigeria. Most glaring is that our ARCH and GARCH parameters indicate that exchange rate volatility shocks are rather persistent in Nigeria. We also find that exchange rate uncertainty has a direct relationship with current exchange rate in Nigeria. Further, the Granger causality test conducted shows that the direction of causality is more powerful and significant from exchange rate uncertainty to actual exchange rate in Nigeria. Thus the paper suggests a proper management of exchange rate, to forestall costly distortions in the Nigerian economy.

14

Ifionu, E.P. & Ogbuagu, A.R. (2013).

“Privatization and Economic Performance: Evidence from Nigeria (1990- 2010),” African Research Review on International Multidisciplinary Journal, Ethiopia, vol. 7 (2), Serial No. 29, Pp 16-43. Ethiopia, www.afrrevjo.com.  ISSN: 1994-9057 (Print);ISSN: 2070-0083 (Online).

Does privatization of state-owned enterprises result in economic performance? This paper seeks to evaluate theoretically and empirically the impact of privatization on economic growth in Nigeria. Using error correlation model (ECM), it was discovered that privatization has not impacted positively on economic growth in Nigeria, and this was blamed on a lot of factors like political instability and inadequacy of the past policies to achieve good result. Therefore, we recommended that it will be highly necessary to create a supportive enabling environment if we must achieve growth. 

15.

 

Okereke, E.J. & Ifionu, E.P. (2013).

Financial Intermediation and the Nigerian Economy: A Time Series Analysis, West African Journal of Industrial and Academic Research, IISTRD, Vol. 6., No. 1, March 31. USA www.wajiaredu.com. ISSN: 2276-9129.

 

This paper examines the level of development of financial intermediation and how it impacts on economic growth of Nigeria. Using a time series data covering a period of 40 years (1970-2009) and employing the econometric tool of Ordinary Least Square (OLS) and cointegration analysis based in Engle Granger cointegration theory and error correction methodology, we tested both short and long run relationship between financial intermediation and economic growth in Nigeria. The result revealed that a long-run relationship exists between financial intermediation and growth during the period of study, the result further showed that credit to the private sector sector and money supply deviated from aprioriuse case while the other regressors (financial deepening, interest rate, credit to public sector) conforms to apriori since they appeared with correct signs. On the whole only 48 percent variation in growth of the Nigerian economy is determined by financial intermediation during the period of study implying that financial intermediation is weak in stimulating investment and growth of the Nigerian economy during the period of study. However, the weak correlation between the dependent and the independent variables could be attributed to the high level of instability witnessed in the financial sector with its attendant consequences on the domestic economy within the period of this study. Based on the findings, the study recommends a reduction in lending rate, increased volume of credit to private sector, reduction of credit to public sector (to crowd in credit for the private sector), sustenance of on-going reforms, eradication of corruption, evolving measures to boost deposit mobilization and improvement in infrastructures which spur investment and engender growth in the Nigerian economy.

 

 

 

 

ii

National Journals

1.

Ifionu, E.P. & Muotoh I. (2017).

Financial Sector Liquidity and Performance Assessment: Evidence from the Nigerian Deposit Money Banks. Unihez Social and Policy Journal .Vol.8. No.2, March 2017, Pp 58-75, Hezekiah University Ishiala Umudi, Imo State, Nigeria. www.unihezjournals.org.   ISSN: 977-36966.

This study seeks to empirically appraised the Liquidity status and financial performance of Deposit Money Bank in Nigeria, over the time period of 1987 to 2014, utilizing proxies such as Liquidity Ratio, Cash Reserve Requirement and Loan to Deposit Rate and Bank financial performance as proxies by Return on Assets; to achieve the objectives of the study, the Ordinary Least Square, Unit Root Test, Jahansen Cointegration, Granger causality were employed. Empirical results shows that there exist a significant level of short run relationship among some selected variables Liquidity Ratio (LQR) displays a negative but insignificant relationship on the performance of Deposit Money Banks in Nigeria as captured by Return on Assets  of Deposit Money Banks in Nigeria, Cash Reserve Ratio (CRR) displays a positive  but insignificant relationship on Return on Assets of Deposit Money Banks in Nigeria and Loan to Deposit Ratio (LDR) displays a negative but insignificant relationship on Return on Assets (ROA) of Deposit Money Banks in Nigeria. The study recommends that policymakers as well as financial regulatory bodies should bear that the trade-off between the opportunity cost of holding low-yielding liquidity assets and resilience to liquidity shocks. They should adopt capital regulation, official supervision and restriction on bank activities to improve the performance of banking sector. Capital requirement and increasing power to official supervisors should be applied to banks in the market-based counties and there is necessity for financial institutions in the nation to absorb competent and qualified personal as the right personnel will ensure that the right decisions are made especially with the optimal level of cash and treasury bills and certificate to keep

2.

Ifionu, E.P. & Cookey U. C. (2017).

Macroeconomic variables and Foreign Direct Investment in Nigeria. Fuo Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 113-126, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org.   ISSN: 178-87722.

The study evaluates the influence of macroeconomic variables on foreign direct investment in Nigeria over the period of 1980 to 2014, utilizing secondary data on inflation, interest rate, exchange rate, gross domestic product, money supply and foreign direct investment extracted from the Central Bank of Nigeria Statistic Bulletin. The data are estimated using Descriptive Statistics, Ordinary Least Square (OLS), Unit Root Test, Co integration, line graph and Granger Causality Techniques. The ordinary least square regression result shows that all the explanatory variables jointly contribute up to 44% variation on dependent variables and coefficient of all the explanatory variables shows positive signs except GDPGR. The cointegration results shows the presence of long-run relationship between the dependent variables (FDI) and the independent variables (interest rate, inflation rate, money supply, exchange rate and gross domestic product growth rate). The study recommends that relevant security measures should be put in place to encourage foreign investors thereby increasing gross Domestic Product.

3.

Ifionu, E.P. & Anwana C. (2017)

  1. Impact of Monetary and Fiscal Policies on Nigeria’s Economic Growth: Empirical Analysis. Fuo Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 56-78, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org.   ISSN: 178-87722.

The study investigated the impact of monetary and fiscal policies on Nigeria’s Economic Growth. Time series data was used covering the period (1981-2014) and were obtained from Central Bank of Nigeria statistical bulletin. Diagnostic test was carried out using Breuch-Godfrey serial correlation Lm test and Heteroscedasticity test. The result shows that there is no autocorrelation among the variables. The heteroscedasticity test confirms the absence of heteroscadasticity. To establish stationarity, ADF test was adopted and the result showed that the cointegration test indicates the existence of long-run relationship among the variables in the model. From Ordinary Least Squares, R-squared of 79% variations in dependent was as a result of changes in the explanatory variables. Pair-wise Granger causality test revealed a bidirectional relationship between Gross Domestic Product and Government Recurrent Expenditure (GREXP), a unidirectional relationship between Government Capital Expenditure (GCEXP) and Gross Domestic Product (GDP). And also, a non-chronological directional relationship as p-value excess 0.05 level in Lending Rate (LR), Cash Reserve Ratio (CRR), Monetary Policy Rate (MPR) and Real Gross Domestic Product (RGDP). The study revealed that lending rate and real gross domestic product are negatively related with a coefficient of -0.291 which is not in accordance with the a priori expectation of the study, while other variable show a positive relationship. We therefore recommend that strict measures be put in place to checkmate lending rate in Nigerian economy, and relevant authority should continuously adjust both monetary and fiscal policies to match with the changes in the economy.

4.

Ifionu, E.P. & Akinpelumi O.F. (2016).

Empirical Review of Aggregate Stock Prices and Exchange Rate in Nigeria. University of Port Harcourt Journal of Accounting and Business. Vol.3. No.1, March 2016, Pp 259-277, Choba, Port Harcourt, Nigeria. www.uniportjab.org.  ISSN: 979-52334.

 

 

This research investigates the empirical relationship existent between the nations stock prices and its exchange rate looking at relevant variables, utilizing secondary data sourced from the Central Bank of Nigeria, Statistical Bulletin and The National Bureau of Statistics over the post regulated period of 1986 to 2014, and employing the use of statistical techniques such as the Unit root test, the Johansen cointegration test, the Pairwise granger causality test and the Error correction estimate, it was discovered that only Exchange Rate (EXR) influences and promotes the All share price index (ASPI),  while other variables were seen to possess long run relationship, it was therefore recommended that relevant authorities should see to the improvement of the deteriorating market capitalization by boosting more foreign shareholders and financiers to take active part in the capital market, sustain state of the art technology like automated trading and settlement practices, electronic fund clearance and eliminate physical transfer to shares, and the system should try and earn back the lost confidence of customers via ensuring transparency and fair trading transactions and dealings in the stock exchange.

5.

Ifionu, E.P. & Keremah, S.C. (2016).

Cashless Policy and Financial Development In Nigeria. University of Port Harcourt Journal of Accounting and Business. Vol.3. No.1, March 2016, Pp 215-233. Choba, Port Harcourt, Nigeria. www.uniportjab.org. ISSN: 979-52334.

 

The research analytically evaluates the existent relationship between Cashless policy and financial development in Nigeria, utilizing post consolidated secondary data over a period of 2006 to 2014. And employed the use of analytical techniques such as Ordinary least Square (OLS), Pairwise Granger Causality test, Correlogram and correlation matrix, the research discovered that all employed predictor variables exhibited adverse and insubstantial association with the Predictor variable over the research period, it was therefore recommend that  the financial industry should modify to full and efficient deployment of information technology as an upshot to its erudition since the technology is irreparable with virtual supposed gain, Nigerian banks should accept reasonable risk level relative to its overall strategic and business plans. banks should  deliver adequate physical and electronic security both to square the incidence of electronic pilfering.

6.

Ifionu, E.P. & Ihemeje, J.C.(2016).

Analysis of Dividend Policy As a Strategic Tool For Profit Performance In Nigerian Organizations. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 285 – 304. Umudim Imo State, Nigeria. ISSN: 979-41323.

 

The research examines the possible effects of dividends on the market price of equity share for cement manufacturing companies listed on the Nigerian Stock Exchange. The expected relationship is that a stable dividend policy will increase share prices and vice versa. The research uses a descriptive research design from a census survey of the 2 cement manufacturing companies listed on the Nigerian Stock Exchange in the 5 years between 2010 and 2014. The research used secondary data available for the two selected companies listed on the Nigerian Stock Exchange. The regression model used in the research has the share price as a function of dividends, profitability and leverage. The research found a strong optimistic relationship between dividend per share and the share prices and that share prices are affected by the dividends per share paid out. The research concludes that there’s a strong optimistic relationship between stock prices and dividends for organizations listed at the NSE. The research also recommends that each and every organization listed in Nigeria Stock Exchange should provide the information regarding its activities and performance so that investors can analyze the situation and invest their money in the best organizations.

7.

Ifionu, E.P & Akinpelumi, O.F. (2016).

Money Market and Economic Performance in Nigeria. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 251 – 270. Umudim Imo State, Nigeria. ISSN: 979-41323.

 

This research scales the Money Market and economic performance relationship in Nigeria, reviewing several relatedtheories with empirical evidences utilizinglongitudinal data spanning over 1960 to 2014. Utilizing econometric techniques such as the Unit root test via the Augmented Dickey Fuller, Johansen Cointegration Test, Pairwise Granger causality test and ends with the Error correction Model estimates, it was discovered that there exist’s a optimistic and substantial association between value of outstanding Treasury Bills and aggregate Bank Credits to the economy and discovered optimistic and substantial association between money market operations and economic output. It was thus recommended that Deposit Money Banks should surge credits facilities towards businesses in the nation at rates determined by the market forces as it possesses optimistic potential in fostering the performance of the economy and Public Authorities should specifically source funds from the Money Market towards meet its short term developmental needs and capital needs to foster performance of the nation.

8.

Ifionu, E.P (2016).

The Impact of Merger and Acquisition on Banks Performance in Nigeria. West African Journal of Business and Management Sciences. Vol.5, No.1, March 2016. Pp 139– 158. Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.

 

This study examine the impact of merger and acquisition on Bank performance in Nigeria utilizing secondary data spanning from 2005 to 2014. Diagnostic tests such as Ordinary Least Square and Granger causality test were carried out, it was shown that there exist no significant relationship among the employed variables exception of Total Asset which exhibited a negative and significant relation on Return on Asset, while the granger causality output shows the presents of a unidirectional causality as deposit base and total asset influences banks return on Assets. It was therefore recommended amongst others that banks should minimize the cost of capital in order to maximize its returns. Banks should be more aggressive in financial product marketing in other to increase financial efficiency to promote its financial position in teams of grossearnings, profit after tax and deposit profile in order to reap the benefit of post mergers and acquisition bid in Nigeria’s banking sector.

9.

Ifionu, E.P (2016).

Liquidity Management and Performance of Deposit Money Banks in Nigeria. West African Journal of Business and Management Sciences. Vol.5, No.1, March 2016, Pp 48– 65. Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.

This study evaluates the relationship between liquidity management and performance of deposit money banks in Nigeria utilizing secondary data for the period 1994 to 2014, and statistical techniques such as unit root test, johansen conintegration and granger causality, it was discovered that there exists no significant relationship amongst the employed variables of the study, as all variables exhibited no form of causal or linear relationship. It was therefore recommended amongst others that policymakers as well as financial regulatory bodies should bear in mind the trade-off between the opportunity-cost of holding low-yielding liquid assets and resilience to liquidity shocks. Capital requirement and increasing power to official supervisors should be applied to banks in the market-based countries.

10.

Ifionu, E.P (2016).

The impact of Trade Openness on Economic Performance in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2. March 2016. Pp 68– 85. Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.

This paper evaluates the relationship between trade openness and economic performance in Nigeria over the period 1986 to 2014. The study employed expo-facto research design and the required time series data were obtained from CBN statistical bulletin and subjects to OLS, Philip Perron, Johansen co-integration, ECM and Granger causality methods of estimations. The obtained result revealed that there is negative relationship between trade openness index, exchange rate and gross domestic product in Nigeria with only the openness index being significant; on the side, a positive relationship was observed between import, export and GDP with only the former considered significant. However, the study equally proves the existence equilibrium relationship between our employed variables, while a bidirectional relationship was revealed between import, export and gross domestic product. Based on the findings, the study recommends among others that government should as a matter of policy prohibit importation of some products in order to eliminate the adverse effect of openness. Government should diversify the economy to encourage domestic production and exportation in order to reap the benefit of openness instead of depending purely on oil production.

11.

Ifionu, E.P (2016).

Effect of inflation on stock prices of companies in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2, March 2016. Pp.7– 25. Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.

This study evaluated the effect of inflation on stock prices of quoted firms in Nigeria, over the time frame of 1986 to 2014, utilizing the stationary test, Johansen cointegration, Granger causality and ordinary least square estimation techniques on the derived secondary data culled from Central Bank Statistical Bulletin (2014), It was discovered that the overall parameter is statistically significant ad denoted by the f-statistic, while the hypothesis as tested by t-statistics shows that only money supply (MNSP) and Exchange rate exhibited statistical significance on the stock prices denoted by the All share price index in Nigeria  inferring that inflation thus has a significant relationship with stock prices of quoted firms in Nigeria and unidirectional relationship causal  relationship spilled from interest rate of All share price index and the dependent variable and the exchange rate in the nation. It was therefore recommended that government should implement policy that will reduce inflation rate and poverty level through infrastructural development and improved standard of living. Also, interest rates should be made moderate in order to encourage investment and transactions in stocks in the Nigerian capital Market and the issue of public enlightenment to encourage investment and transactions in stock should be given attention; while appropriate corporate governance framework should be put in place and enforced for a restoration of confidence in the market. The problem of double digits inflation rate should be tackled

12.

Ifionu, E.P. & Akinpelumi O.F. (2016).

  1. Strategic Reformation of the Financial Sector and its Economic Performance Influence: An Empirical Evaluation.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state. ISSN 1599-8051.

This study the economic performance influx of the employed reformation strategies in the financial sector paying a closer view on the activities of Deposit Money Banks in Nigeria over the period of 1981 to 2014, utilizing secondary sourced data on variables which entails Economic Performance Index (EPI) as the criterion variable, while Bank Size (BNS), Minimum Capital Base (MCB), Credit to Private Sector (CPS), Deposit Liabilities (DPL) and Cash Reserve Ratio (CRR) were the predictor variables, While carrying out the Unit Root test, Ordinary Least Square Estimation, Cointegration estimation, Granger Causality test and Error Correlation model. It was discovered that overall. In the long run, only Bank Size Credit to private sector had significant influence on Economic Performance in the nation while Deposit Liabilities and Minimum Capital Base shows a positive yet insignificant influence on economic performance index. It was thus recommended that the nation should strive at reducing the crowding out effect by the government due to the adverse relationship between credit to private sector and economic performance index, the level of accessibility in terms of bank size should bolstered to foster economic performance in the nation and monetary authorities should further increase the minimum capital base. This will further strengthen the banks and have an improvement in the level of economic growth.

13

Ifionu, E.P. & Uzokwe, G. O. (2016).

  1. Exchange Rate Patterns and Trade Relationship in Nigeria.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state. ISSN 1599-8051.
  2.  

This study examined the relationship between Exchange Rate pattern and Trade Relationship in Nigeria from 1985-2014. The general aim was to examine the relationship between exchange rate pattern and trade relationship in Nigeria while the specific objectives are to examine the influence of Naira exchange rate to US Dollar, British Pounds Sterling and Japanese Yen on Nigeria Volume of Exports. Time series data was sourced from Central Bank of Nigerian Statistical Bulletin, Naira Volume of Export was used as dependent variable while Naira exchange rate to the United States Dollar, Naira Exchange Rate to the British Pounds sterling, and Naira Exchange Rate to the Japanese Yen were the independent variables. Multiple linear regressions with econometric view were used as data analysis technique. The study employed the properties of Ordinary Least Square, Co-integration, Augmented Dickey Fuller Unit Root, Granger Causality Test and Vector Error Correction Models. The regression results found that Naira Exchange rate to US Dollar have a negative and significant relationship with Nigeria Volume of Trade while Naira Exchange Rate to the British Pounds and the Japanese Yen has positive and significant relationship with Nigeria Volume of Export. The ADF results shows that the variables are all integrated at first difference, the granger causality indicates bi-variate relationship running from the independent to dependent variables. The Johansen Co-integration Test proved no long run relationship between the dependent and independent variables. From the regression summary, the study concludes that there is significant relationship between Naira exchange rate pattern against the currencies and Nigeria Volume Trade. The study recommends that the monetary authority should devise measures of managing the depreciating naira exchange rate against the Dollar. Nigeria should redefine her bilateral and trade relationship with the British government and the exchange rate policy should be well integrated to macroeconomic objectives and that Nigerian bilateral relationship with Japan should be reexamined and the exchange rate well structured.

14.

Ifionu, E.P  (2015).

Credit Risk Management and Performance of Deposit Money Banks in Nigeria. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.1 December 2015. Pp 282 – 299. Umudim Imo State, Nigeria. www.unihezjournal.org. ISSN: 979-41323.

 

The study examine the influx and relationship between credit risk management and performance of Deposit Money Banks in Nigeria, utilizing secondary longitudinal data over the period of 1990 to 2014, and employing estimated techniques such as unit root test, johansen cointegration test, granger causality test and Ordinary least square. It was discovered that, overall, the model was significant based on the F-statistics, denoting that the model is statistically significant, all employed variables were found to have little or no influence in the short run and long run, but it was discovered that loan loss provision and Non-performing loan both had respective unidirectional influence and promotion on Deposit Money Banks performance in the nation. This goes a long way to show that a positive and significant relationship exists between credit risk management and performance od deposit money banks in Nigeria. It was therefore recommended that regulatory authorities should develop strong and effective corporate governance mechanisms and policies for the entire sector because corporate governance directly influences organizational performance and Deposit Money Banks should enforce full disclosure practices and transparency practices of corporate governance thereby enhancing trust in order to survive in the competitive financial landscape.

15.

Ifionu, E.P.   (2015).

Nigerian Trade and Unemployment Trend: Empirical Review. Hezekiah University Journal of Management & Social Sciences. Vol.3, No.1, December 2015. Pp 195 – 211. Umudim Imo State, Nigeria. www.unihezjournal.org. ISSN: 979-41323.

 

This study evaluates the relationship between trade and unemployment with a limited scope to the Nigerian economy over the time frame of 35 years spanning from 1981 to 2014, All variables were cointegrated at the first level, there exists a long run relationship as reported by the Johansen cointegration output. Using the Ordinary Least Square regression model evaluated through E-view 7, it was discovered that there exist a selected level of significant relationship in the short-run between employed variables despite the capture of the model by the Goodness of fit report while no long run relationship was discovered. The study recommends that Federal government should strive to increase the value of the Naira as this will reduce the rate at which the naira is exchanged for the Dollar. The provision of infrastructural facilities in Nigeria would ease the problem of domestic production, thereby increasing exports to match with imports. Lastly, a regulated economic liberalization is recommended, as this will protect the nation from a dumping ground for cheap Western and Asain products at the expense of our local industries. That is, high tariffs should be placed on goods that can be produced locally and lower tariffs for capital goods like machines and equipment’s.

16.

Ifionu, E.P (2015).

Exchange Rate Fluctuation and Growth of Nigerian Economy: An Econometric Analysis. Department of Finance and Banking, University of Port Harcourt. Nigeria. Vol.10. No.2.Pp 42-52, ISSN 1599-8051.

 

The aim of this study is to address the association between exchange rate fluctuations and growth of Nigerian economy over the years 1986 to 2014; the study relied on historical data obtained from CBN statistical bulletin of various publications. Using ADF statistics, all the data were found to be stationary at first differencing. The study revealed using OLS that there exist a negative and insignificant volatility spillover effect between real exchange rate, import and gross domestic product over the years of our study, however, export and parallel exchange rate was found to relate positively with gross domestic product with only export being significant. On the long run relationship, our Johansen co-integration test indicates that there is no long run association amidst our employed variables; meanwhile, the result of Pair Wise Granger causality reveals that there is a bidirectional association flowing from real exchange rate to GDP and also from GDP to both import and export. On the forecast error, we found that own innovation represent the most source of variation in forecast error at short run, while at long run, real exchange rate represent the highest source of forecast error variation. Based on the findings and discussions the study recommends among others that Government should at all times enact economic policy that will encourage exportation.

17.

Ifionu, E.P (2015).

Interest Rate Volatility and Performance of the Nigerian Economy. Department of Finance and Banking University of Port Harcourt, Nigeria. Vol.10. No.2.Pp 11-22, ISSN 1599-8051.

 

The study gauged the influence of interest rate volatility on the performance of the Nigerian economy over the time from of 1986 to 2014, utilizing secondary data tracked from the statistical report of the Apex Nigerian bank, and utilizing techniques such as Unit root test, Generalized autoregressive conditional heteroscedasticity (GARCH), Impulse-Response Output and Variance-Decomposition Test to evaluate variables such as Interest rate, inflation rate, exchange rate against a sole indicator of economic performance I.e. Gross Domestic Product, it was discovered that despite the short run influx of the spill over volatility of Interest rate and inflation rate, there exist no long run volatility influence of interest rate on economic performance in Nigeria. It was therefore recommended that the apex financial institution and relevant policy makers should ensure an interest rate system and status that could stimulate growth or production and the nation should endeavor to utilize her interest rate in controlling its output level as it motivates Gross Domestic Product

18.

Ifionu, E.P & Akinpelumi, O.F (2015).

Foreign Resources and Economic Growth and Development: The Nigerian Experience. Faculty of Management Sciences Journal, Vol. 2. No.1, Pp 90-122, July 2015,A Publication of Faculty of Management Sciences, University of Port Harcourt, Nigeria.

 

This study explores and analyses the forms of capital flows which includes foreign aid, private bank lending and foreign direct investment and their distributive effect of financial resources from the rich and surplus countries to the deficit or poor ones in an attempt to foster economic growth and development with a microscopic view on the Nigerian Economy, the paper utilized secondary data from the Central Bank Statistical Bulletin (CBN) and  Data from Nigerian Bureau of Statistics spanning from 1986 to 2014, which were analysed using the ADF unit root test, Johansen Cointegration and the Parsimonious Error Correction Model, It was discovered that there exists substantial statistical relationship between the capital flow instruments and economic growth in the short and long run, it was therefore recommended that policy makers should Enhance foreign investor legal protection, and work around reducing the level of private bank lending to help increase the country’s available capital to the private sectors as a way of boosting economic activities and reducing the level of crowding-out and channelling the available foreign aid to productive use which should be paramount to the MDGs.

19.

Alani, G.O. & Ifionu, E.P. (2014).

Microfinance Banks And The Stimulation Of Banking Habits Among Rural Dwellers In Nigeria (A Case Study Of Some Selected Local Government Areas In Kogi State), Nigerian Journal Of Financial Research.Vol. 9,No.2, December 2014. Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051.

This study examined the impact of rural microfinance bank in stimulation of banking habits among the rural dwellers in Nigeria. The purposive sampling procedure was used to select six hundred/ (600) and 50 staff of the Microfinance bank studied for the research. Correlation coefficient and t-test were the major statistic tool used to analyze the data collected from the rural bank. SPSS and Microsoft Excel were used for the analysis. From the research, it was found out that Microfinance banks do not stimulate saving habit among the rural dwellers. The study also shows that there is weak correlation between the saving habits of the rural dwellers and their demand for loans and advances; hence, there is no significant relationship between the two variables. The recommendation is that Microfinance banks should develop strategies that will motivate the rural dwellers to save their money with the banks.

20.

Ifionu, E.P.& Nnamdi K.C. (2014).

SME Financing And Economic Performance In Nigeria. Nigerian Journal Of Financial Research Vol. 9, No.1,Pp. 128-132, June 2014, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051.

The study examines the relationship between the small and medium-sized enterprises (SME) financing and performance of wholesale and retail businesses in Nigeria for the period 1992-2013. We investigate the importance of the relative performance of the SME sector measured by gross output of businesses, including wholesale and retail business services on the level of macro-economic output and unemployment. The empirically results indicate that the relative magnitude of SMEs is positively and insignificant related with aggregate economic performance, this result is consistent with previous studies examining delevoping countries such as Audretch and Keibach (2004) and Audretsch (2007). Against Apriori, our results show that the performance of small and medium scale enterprises have grown at the same time the level of unemployment in Nigeria. In addition, the study found a significant causal relationship between the performance of Small And Medium Scale Enterprises and Commercial Bank’s credit to Small and Medium Scale Enterprises in Nigeria. The study however concludes that growth in Small and Medium Scale Enterprises performance can play a major role in achieving considerable level of growth of the Nigerian economy, if properly harnessed. Therefore, the study recommends that SME should be supported directly to improve overall economic performance also Policy-makers should be concerned about the commercial bank credit allocation mechanism of entrepreneurship by providing an institutional arrangement that promotes productive entrepreneurship. Public-based SME financing, that will create more productive entrepreneurs and allure employment.

21.

Ndu, E.C, Ifionu, E.P. &Ademe D.P. (2014).

The Role Of Mission Statement In Strategic Marketing Planning:An Assessment And Validation. West African Journal Of Business And Management Sciences; Nigerian Edition.Vol.3.No.2A, Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.

 

This paper examines the role of Mission Statement in Strategic Marketing Planning. It identifies the components and benefits of strategic marketing plan (SMP) and Mission statement (MS). A synchronization of the two concepts reveals that SMP cannot be done without recourse to mission statement. In fact, it is the beginning point of the whole process. Therefore, its role in SMP stems from the fact that it forms the basis for the articulation, development, implementation and evaluation of the plan. Therefore, it was concluded that since it may not be feasible to plan in a vacuum, the mission statement gives a sense of direction to the whole process of the SMP. The paper, finally, recommends that before attempting SMP, the mission statement should be thoroughly digested; marketing strategists should only plan in line with the mission statement; otherwise, they should not because such an attempt will only amount to an exercise in futility; and that when marketing plans fail, strategist should go back to the mission statement.

22.

Ifionu, E.P. & Ibeh, R.C. (2009).

“A Time Series Analysis of Stock Market Index and some Macroeconomic indicator in Nigeria via the Cointegration Approach,” Journal of Economic Studies, Vol. 8, No. 1, 2009. Pp 33-51. Department of Economics Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.

This study examines the long-run relationship between some macroeconomic variables and the stock market index offering further information on the factors that affect stock price returns on the Nigerian Stock Exchange. The period examined is from 1985-2010, which could be characterized as a large period, it includes period of social, political and economic charges in Nigeria. Using the Johansen Co-integration model, result indicates two cointegrating equations in the model implying the possibility of long-run equilibrium relationship among the variables. There is a unidirectional causality between exchange rate, all share price index and industrial production index with direction from exchange rate.

23.

Ifionu, E.P. & Uwaifo, E. (2011).

“An Appraisal of Central Bank of Nigeria’s Monetary Policy on credit control (1980-2010). Trend Journal of Management and Social Sciences. Vol. 4, No. 3. Pp 63-70. University of Port Harcourt, Choba, Port Harcourt State, Nigeria.

 

This paper is an appraisal of Central bank of Nigeria’s monetary policies on credit control for the period 1980 to 2010, using the Ordinary Least Square procedure and certain measures of monetary policy instruments that signpost credit control such as money supply, minimum rediscount rate: cash reserve ratio and liquidity ratio. These were regressed against Gross Domestic Product, which is a measure of economic performance. It was discovered that money supply and minimum rediscount rate has made a positive and significant contribution to allover economic performance in Nigeria. It is also observed that cash reserve and liquidity ratios have made positive impact on the economy, though not to a significant extent. This however indicates a reduction in the credit creation ability of deposit money banks and consequently the level of output. Therefore, the paper recommends that the government should insulate monetary policy from the pressure of financing government fiscal deficit thereby sustaining effort at ensuring healthy and competitive banking and financial system in Nigeria.

24.

Onyeagu, A.N and Ifionu, E.P. (2008).

International Migration and Poverty Reduction In Africa. Journal of Economics Studies Vol. 7, No. 1. Department of Economics Nnamdi Azikiwe University, Awka. Anambra State, Nigeria.

The paper focused on the impact of international migration on development and its role in the achievement of poverty reduction in developing countries with emphases on how migration had influenced the growth or backwardness of economic development. It was recommended that migration policies should be discussed at regional, bi-regional and multilateral levels.

25.

Onyeagu, A.N and Ifionu, E.P. (2008).

Rural Energy Poverty in Developing Countries; Implication for Gender. Nigeria Journal of Energy & Environmental Economics, Maiden edition, AEEEN Awka. Anambra State, Nigeria. ISSN: 2006-8395. www.aeeen.org.

The paper predicted the relationship between inadequate energy supply and gender poverty especially among the women fold. We observed that some current energy policies like privatization and reduction of subsidies on fuel resulting from the deregulation of the down sector has adversely on women in the area of health and income generation. It was recommended that the gender analytical tool is use in other sectors should be extended to the energy sector this cab reduce women’s workloads, provide more income and improve women’s health.

26.

Ifionu, E.P. and Ozue R.C (2008).

The impact of Monetary Policy on Investment Behaviour; The Nigerian Experience, 1980-2005. Multidisciplinary journal of research and development Vol. 10 No. 7. Pp 12-21. July 2008. Makurdi, Benue State, Nigeria. ISSN: 1596-974X.

The work sought to examine the impact of monetary policy on investment decision in Nigeria. This is necessitated by the fact that despite the various monetary policy measures adopted by successive government to boost investment demand in the domestic economy the volume of investment has remained very low and sluggish. It is therefore, the objective of this work to empirically investigate the impact of monetary policy on invest behavior in the Nigerian economy with a view to identify some macroeconomic variables that influence investment demand in the economy. Using the econometric tools of multiple regression analysis, the result revealed a strong correlation between the independent and dependent variables, with the exception of open market operation, minimum rediscount rate and interest rate all the other variable conformed to economic theory. On the whole the model explains about 98% variation in investment in Nigeria within the reference period, the remaining 2% can be accounted for by other variables not included in the model. It is recommended, that the government should embark on monetary policies that would reduce inflationary rate but such that would attract more foreign investment into the domestic economy, improve the small and medium scale industries to boost investment and finally, government should de-emphasize the role of interest rate  as a source of engendering investment demand in Nigerian economy.

27.

Ifionu, E.P. and Ogbuagu, A (2007).

An Econometric Evaluation of Exchange Rate and External Sector Performance in Nigeria, 1975-2005. Nigeria Academic Forum, Vol. 13, No. 2, November 2007, pp. 1-11 National Association of the Academics Publications; Awka. Anambra State, Nigeria. ISSN: 1596-3306.

This paper sought to x-ray the impact of Exchange rate policy on the external sector performance under the regulatory and deregulation eras with a view to ascertaining the era in which the sector performed better. The findings show that the external sector performed better under deregulated regime than during regulated regime. In the light of the above findings, it was recommended that the government should adopt a mixed exchange rate policy, diversify the productive base of the economy and also ensure macroeconomic and political stability in Nigeria hence the present democracy in the country should be sustained.

28.

Ifionu, E.P. and Obi Kenneth (2007).

Globalization and National Development The place of Nigeria, Journal of Economics Studies, Vol. 6, No. 1, pp. 78-84. Department of Economics Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.

 

Globalization emphasizes the congealing of the universe into one village so much that individual countries no longer count as they did before. The coming of computers driven internet in the 1990’s truly gave globalization its consequent actualization before the turn of the last century.

Nigeria with current democratic rule from 29th May, 1999 under the leadership of President Obasanjo has made conscious efforts in liberalization and deregulation of the economy in line with the current global trends. This paper assessed the impact of globalization on the National development of Nigeria. However, it was discovered that Nigeria is handicapped in this drive on account of the poor infrastructural facilities, the hydra headed corrupt practice within the economy and the over reliance on oil as the main stay of the economy. Consequently, Nigeria is yet to reap the real benefits accruing from e-government, e-commerce, tele-education/tele-training etc. Thus, it was recommended that for Nigeria to meet up with the moving train of globalization and achieve economic development, there is need to put in place adequate policies that could halt the exploitative forces on the domestic economy.

29.

Ohale, L. and Ifionu, E.P. (2007).

Privatization and Commercialization of Public Enterprises: Theoretical Paradigms and Perspectives. Nigeria Sociological Review, Vol. 2, No. 1, pp. 36-44, Bayelsa State, Nigeria. NISS Publications.

 

The Structure Adjustment Programme (SAP) implemented in Nigeria in 1986 under the aegis of the World Bank and International Monetary Funds (IMF) has as its major tenet economic deregulation, market liberalization, commercialization and privatization of public enterprises. Existing literature reveals a wide array of privatization and commercialization paradigms across the globe. Which of these paradigms guides a country’s programmes/scheme is dictated by the quality of its leadership and it vision and the direction it wishes to propel the economy. The paper argues that any privatization and commercialization exercise must be for selfish interest. It must be an all inclusive exercise, wearing human face through the involvement of all segments of the society, the labour union, the civil society organization, non-governmental organizations, the community based organizations and the students unions. A programme of such wide magnitude should be able to liberate the energies of our people so that collectively we can confront the forces that impede the country’s development.

30.

Ugboma, E.P. and Onuchukwu, O.(2003).

Macroeconomic Determinants of Manufacturing Investments in Nigeria, 1979-2000.Journal of Economic and Social Research. Vol.2, Pp. 43-56 Benue State University Makurdi, Benue State, Nigeria. ISSN: 1596-4221

 

The paper empirically investigated the investment behavior in the Nigerian manufacturing sector with a view to identify the macroeconomic variables that influence investment demand in the economy. The study revealed that national income, foreign capital, external debt, market size and interest rate have significant impact on manufacturing investment in Nigeria within the reference period. It was recommended that government should embark on policies that would reduce inflationary rate, external borrowing and attract more foreign direct investment into the domestic economy.

         

 

 

 

 

B. CHAPTER CONTRIBUTIONS IN BOOKS

S/N

AUTHOR(S) YEAR

TITLE OF PUBLICATION

DESCRIPTION/ SUMMARY

1

Ifionu, E. P. (2016)

“Women Entrepreneurship” in Basic Entrepreneurship and Small Business Management, University of Port Harcourt Press, Pp185-209, February 2016.

The chapter provides a comprehensive coverage of women entrepreneurship tracing the origin and historical development of women entrepreneurship; role orientation and entrepreneurial aspirations of women; contributions of women entrepreneurs in socio-economic and human development; characteristics of women entrepreneurs; challenges to women entrepreneurs and future prospects for development of women entrepreneurs.

 

 

 

 

 

 

 

 

 

 

IBANICHUKA, Emmanuel Amaps Loveday

CURRICULUM VITAE

NAME:

IBANICHUKA, Emmanuel Amaps Loveday

DISCIPLINE

Accounting

DEPARTMENT

Accounting

DESIGNATION(S)

Reader (Associate Professor), Accounting

AREA OF SPECIALIZATION

Auditing and Assurance, Financial Accounting & Corporate Reporting

E-MAIL:

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TEL:

+2348023134940, +2348137226840

ACADEMIC QUALIFICATIONS:

PhD, MBA, MSc

MBA

Rivers State University of Science & Technology

Nkpolu Port Harcourt, Nigeria (1992)

M.Sc.

Abia State University

Uturu, Nigeria (2010)

PhD

University of Port Harcourt.

Choba

Port Harcourt. 2011

PROFESSIONAL CERTIFICATION

Bournemouth College of Technology (Now Bournemouth University, United Kingdom) 1975-1976

PROFESSIONAL CERTIFICATION

Slough College of Higher Education (Now Thames Valley University, United Kingdom) 1976-1979

WASC/GCE (Division 1)

Government Secondary Commercial School, Buguma. 1969-1973

FIRST SCHOOL LEAVING CERTIFICATE

Okrika Boys School 1959-1961

St. Michaels Primary School, Okaiuga, Umuahia. 1961-1964

PROFESSIONAL QUALIFICATIONS

FCCA, FCA, ACTI, CFAN

FCCA

Fellow of the Association of Chartered Certified Accountants of United Kingdom. (1987)

FCA

Fellow of the Institute of Chartered Accountant of Nigeria.

(2000)

ACTI

Associate of Chartered Institute of Taxation of Nigeria (2011)

CFAN

Certified Forensic Accountant of Nigeria (2014)

 

ACADEMIC/ADMINISTRATIVE:

EXPERIENCE:     

Reader, teaching undergraduate and postgraduate programmes. Courses Taught, Financial Accounting, International Accounting, Auditing and Assurance, Oil and Gas Accounting, Forensic Accounting. Project supervision at undergraduate, Masters and Ph.D. levels.

Chairman, University Fee Payments Verification Committee. 2011-2015

Chairman, Ad-hoc committee on review of Financial Management of UDPS. 2013/2014

Member, Audit Committee, World Bank ACE CEFOR Projects IPS UNIPORT-2014-to-Date

Member Academic Board, EMERALD ENERGY INSTITUTE, 2016 to-date.

External Examiner, Rivers State University of Science & Technology 2012-to-Date

Adjunct Lecturer, Niger Delta University, 2013 to—Date

 Faculty Examination officer, 2008-2009

 Departmental Examination officer -2007-2008

Member, ad-hoc Committee on Ghost Workers, 2008/2009

Member, ad-hoc Committee on SIWES, 1999/2000

“              ad-hoc committee on Evaluation & conversion of staff, 2009

Member, ad-hoc committee on Interview Panel for senior staff, 2010

Member, University Quality Control/Quality Assurance Committee, 2012-2015

Member, Ad-hoc committee on investigation of burglary and loss of Funds     at CCE, 2004

Coordinator/HOD Accounting Dept. 2000-2004

Coordinator/HOD Accounting Dept. 2008-2012

Associate Dean, Faculty of Management Sciences 2014-to-2016

Chairman, Departmental Graduate Board Committee, Dec. 2016 to-date

Chief Editor, Departmental Journal of Accounting, 2008-2012

Associate Editor, Faculty of Management Sciences Journal, 2014-2016

Lecturer, Department of Accounting, March 1998 to-date

Supervision of undergraduate and graduate research work

 

 

 

 

TECHNICAL/INDUSTRIAL/

PROFESSIONAL EXPERIENCES:

 

 

May 1994-Feb 1998

 

 

 

 

 

 

 

May 1993-April 1994

 

 

 

 

 

 

 

 

Nov 1992-Dec. 1992

 

 

 

 

 

 

 

 

 

 

Dec. 1988-Nov. 1992

 

 

 

 

 

 

 

 

 

 

 

 

 

Feb. 1988-Dec. 1988

 

 

 

 

 

 

 

 

 

 

 

Dec. 1983-Jan. 1988

 

 

 

 

 

 

 

 

 

 

Oct. 1980-Nov., 1983

 

 

 

 

 

General Manager/CEO of Pabod Finance & Investment Ltd.

 

Duties: Chief Executive Officer of the Company. Ensured the efficient and effective co-ordination, organizing Planning, directing and controlling of all functions of the Company, which included the finance and property divisions. The Image maker and crisis manager of the Company. Motivated staff and carried out other assignments as delegated by the Board.

 

 

General Manager-Persis Finance Co. Ltd.

 

Co-coordinating, planning, directing and controlling the varied functions of the Eastern Division. Reports regularly to the Chief Executive Officer on all matters of the Company. Ensured attainment of Divisional goals. Any other duties assigned by the Chief Executive Officer.

 

 

Asst. General Manager ((Administration Personnel, Corporate Affairs, Strategy and Planning). Pan African Bank Ltd.

 

Duties included co-ordination of Administration, Personnel, Corporate Affairs, Corporate Strategy and Planning activities. Personnel relations, Personnel appraisal and review. Corporate image making, strategic planning and price control. Other duties delegated by the Managing Director/Chief Executive Officer.

 

 

 

Asst. Gen. Mgr. (Internal Control and Inspection). Pan African Bank Ltd.

 

Duties included co-ordination of Internal Control and Loans Review activities; Planning of Inspection Programmes; Liaising with External Auditors; Credit Committee Member re-credits appraisals; Advising Management on systems of Internal Control, Classified Accounts Loans workout and audit; advising Management on the adequacy of financial systems; the adequacy of Controls in the Letters of Credit and Funds Processing Units, Corporate Banking, Treasury Management and Financial Institutions’ Divisions. Other assignments delegated by the Managing Director and Chief Executive Officer.

 

Divisional Chief Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd. Western Division.

 

Duties included co-ordination of the activities of the Divisional Internal Audit Outfit; Planning of audit programmes; Liaising with External Auditors, carrying out special audits and investigations in a computerized accounting environment; Attended Audit Committee Meetings as Secretary; Any other assignments delegated by the Divisional Manager.

 

Senior Divisional Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd Eastern Division)

Duties included examination of Company’s Books of Accounts which are computerized; Review and Evaluation of the adequacy of the various finance systems; Testing of compliance with procedures/internal control regulations. Deputize for the Divisional Chief Internal Auditor during his absence on leave/course/seminars.

 

Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd – Eastern Division).

Internal audit of Company’s computerized Books of Accounts. Review and evaluation of the adequacy of the Company’s financial system, Testing of compliance with procedures and internal control regulations.

RESEARCH EXPERIENCE:

 

 

 

 

 

 

 

 

 

 

 

       

 

 

 

 

 

 

 

 

 

 

 

 

 

PUBLICATIONS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EDUCATIONAL PAPERS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT AREAS OF RESEARCH

 

 

 

 

 

CONFERENCES/WORKSHOPS/SEMINERS

Ph.DResearch Thesis: Impact of Creative Accounting on Financial Performance Reporting of Companies in Nigeria

Contribution to knowledge:

  • Developed a model showing five identified creative accounting practices and for explanation of their relationship with Financial Performance Reporting of companies in Nigeria.

 

 

 

  • Advanced empirical evidence to measure both individual and combined effects of creative accounting techniques on the competing corporate objectives of profitability and liquidity in the financial sub sector of the Nigerian Economy.

 

  • Isolated the most potent creative accounting practices that are used by corporate entities in Nigeria in massaging reported financial figures in accounts.

 

  • Advanced empirical evidence that liquidity considerations are inconsequential motivation in financial reporting in banks and insurance companies

 

 

 

 

 

FOREIGN JOURNALS

  1. Ibanichuka, E.A.L. & Ihendinihu, J.U. (2012),

Creative accounting and Implication on dividend                           payout of companies in the Financial Sub-sector of Nigerian Economy.  Mediterranean Journal of Social   Science, 3 (15): 125-139. (ROME, ITALY)

 

  1. Akenbor, C. O. & Ibanichuka, E.A.L, (2012),

Creative accounting practices in Nigerian banks, African Research Review, 6 3 (26): 23-41. (ETHIOPIA)

 

  1. Ohaka, J. & Ibanichuka, EAL (2013),

Tax incentives and return on equity of quoted manufacturing companies in Nigeria,

Reiko International Journal of Business and Finance.  5 (1): 87-99. (USA)

 

  1. Ibanichuka, EAL & Ebere C.C (2013),

Audit expectation gap and Financial reporting in Rivers State.

Reiko International Journal of Business and Finance 5 (2): 48-61. (USA)

 

  1. Oyadonghan, K.J & Ibanichuka, EAL (2014)

Audit rotation, creative accounting, audit independence and objectivity Research Journal of Finance and Accounting (RJFA)                                                                                    5 (1): 129-137. (USA, UK)

 

  1. Ibanichuka, EAL & Oyadonghan, K.J (2014)

A critique on cash basis of accounting and budget

implementation in Nigeria, European Journal of Accounting, Auditing and Finance Research, 2 (3): 69-84 (UK)

 

  1. Ibanichuka, EAL & Oyadonghan, K.J (2014)

The relevance of environmental cost classification and financial reporting: A review of standards; Journal of Economics and Sustainable Development. 5 (7): 39-49 (USA, UK)

 

 

  1. Ihendinihu, J.U, Jones, E and Ibanichuka, EAL (2014)

Assessment of long-run equilibrium relationship between tax revenue and economic growth in Nigeria (1986-2012) The SIJ Transactions on Industrial, Financial and Business Management(IFBM), 2 (2): 39-47 (India) (My contribution in this paper is 40%)

 

 

  1. Oyadonghan, K.J & Ibanichuka, EAL (2014)

Financial control and the challenges of fraud prevention in the banking industry, International Journal of Research in Management (IJRM).  4 (4): 31-47. (USA, UK)

 

  1. Ibanichuka, EAL & Oyadonghan, K.J (2014)

Just-In-Time cost accounting system and socio- economic factors affecting its adoption by Nigerian Firms, Journal of Empirical Economics (JEE) 2 (3): 116-128. (Pakistan)

 

  1. Akenbor, C.O & Ibanichuka, EAL (2014)

Institutional factors influencing the academic performance of students in principles of accounting. International Journal of Higher Education (IJHEM) 1 (1): 15-26 (UK)

      

        12) Egbe, S. & Ibanichuka, E.A.L. (2015)

  Impact of board size on earning per share of quoted manufacturing firms in Nigeria. Brazilian Research Journal of Humanities, Social and Management Sciences(BRJHSMS) 8 (2): 65-78. (Brazil)

 

  1. Clifford O. Ofurum, Emmanuel A. Ibanichuka & James K. Oyadonghan (2015) Evaluation of the relevance of information content of cash flow statements to stock prices in the Nigerian Capital Market. Journal of Advancements in Economics, Finance & Accounting,

V 5 (2): 27-38 (USA) (My contribution in this paper is 40%)

 

  1. Ebere, Chukwuma Christopher & Ibanichuka, Emmanuel Amaps Loveday (2016) Money laundering and forensic accounting skills in Nigerian Banks, Research Journal of Finance & Accounting, 7 (15): 149-155 (USA, UK)

 

  1. Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) Managerial and controlling ownership, profitability, firm size and financial leverage in Nigeria, International Journal of Business and Management Review, 4 (9): 43-57 (UK)

 

  1. Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) The predictive ability of corporate profitability components and future earnings, European Journal of Accounting, Auditing and Finance Research, 4 (11):   1-12 (UK)

 

  1. Asian A. Umobong & Emmanuel A. L. Ibanichuka (2016), Accounting manipulations and firm financial performance: Evidence from Nigeria, European Journal of accounting, Auditing and Finance Research, 4 (10): 30-47 (UK)

 

LOCAL JOURNALS

  1. Ibanichuka, E.A.L. (2002),

Small companies audit:

How relevant in the Nigerian context.

                     Journal of Business Research. 1 (2): 176-204. (Nig)

 

  1. Ibanichuka, E.A.L. (2003),

The imperatives of capital adequacy in operating performance appraisal of Banks in Nigeria: A cross sectional analysis. Journal of Industrial, Business & Economic Research (THE JIBER) 7 (1): 12-22. (Nig)

 

 

  1. Ibanichuka EAL (2007)

Adoption of advanced manufacturing technology (AMT) and management accounting and reporting practices: A review of literatureThe Nigerian Journal of Financial Research (NJOFIR) 5 (1): 71-80 (Nig)

 

  1. Ibanichuka, E.A.L, & Ihendinihu J. U. (2008)

Assessment of the effects of environmental practices on sustainable development             in the Niger Delta Region of Nigeria. The Nigerian Journal of Financial Research, (NJOFIR) 6 (1):  87-112 (Nig)

 

  1. Ibanichuka E.A.L, & Ihendinihu J.U. (2009)

Evaluation of the impact of creative accounting techniques on reported financial performance of firms in Nigeria. Nigerian Journal of Economics and Financial Research, 2 (1): 242-258. (Nig)

 

  1. Asodike J.D, Ebere, C.C. & Ibanichuka E.A.L, (2012)

Leadership challenge of principals and work morale among secondary school teachers in Nigeria (A study     of Rivers State) Journal of African Contemporary   Research, 7 (1): 49-55. (Nig) (My contribution in this paper is 40%)

 

  1. Akenbor C.O   & Ibanichuka, EAL (2012)

Effect of Value-Added Tax on economic growth and development in Nigeria, 1994-2008, International Journal of Agriculture and Development Economics (IJADE) 2 (1): 193-203 (Nig)

 

  1. Ebere, C.C, Ibanichuka, EAL and Yaakoo P.D (2012)

Activity Based Costing and project implementation in small scale enterprises in Rivers State, African Business and Finance Journal, 5 (2): 137-143 (Nig) (My contribution in this paper is 40%)

 

  1. Ibanichuka, EAL and Anyaku (2013)

The Nigerian accounting Standards Board and Corporate Financial Reporting: Matters arising,

The University Advanced                                                                                                                                                                 Research Journal, 9, 88-99 (Nig)

 

  1. Ibanichuka, EAL and Major, I.H (2014))                    

An empirical investigation of price-level changes and accounting information in Nigeria, The University Advanced Research Journal, 12, 79-94 (Nig)

 

  1. Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015)

Cost of sales, an index of audit process control in strategy implementation, Journal of Business & Value Creation (JBVC) 4 (2): 55-63 (Nig)

 

  1. Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015)

Effect of investors ratios on stock price determination in the Nigerian Capital Market, Development Studies Round Table (A Journal of Development) 5 (2) 121-130 (Nig)

 

  1. Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015) Qualitative accounting information and investors decision in the Nigerian Capital Market, Journal of Management & Social Sciences, 3 (1) 53-61 (Nig)

 

  1. Ogbonna, G.N., Ibanichuka, E.A.L. & Joseph Fineboy Ikechi (2015), Tax incentives as stimulus for industrial growth and its implications in Nigerian Economy (A survey of selected companies in the South-East, Nigeria,1996-2014) African Business and Finance Journal, 7 (1): 112-121 (Nig) (My contribution in this paper is 40%)

 

  1. Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015) Internal audit efficiency: Strategy implementation emphasis in quoted manufacturing firms in Nigeria, West African Journal of Business & Management Sciences, 4 (3): 308-317 (Nig)

 

  1. Nwaiwu, J. N. & Ibanichuka, E.A.L. (2015) 

Auditors’ independence and professional services in Sub-Saharan Africa: Evidence from Nigeria, Rhema University Journal of Management & Social Sciences, 3 (1): 115-127 (Nig)

 

  1. Ibanichuka, E.A.L. & Ebere, C.C. (2016) Tax revenue and economic productivity in Nigeria (1994-2013), University of Port Harcourt Journal of Accounting & Business, 3 (1): 289-297 (Nig)

 

  1. Ebere, C. C. & Ibanichuka, E. A. L. (2016), Audit committee and financial performance of quoted insurance companies in Nigeria (2008 – 2014), International Journal of Advanced Academic Research (Social and Management Sciences), 2 (7): 75-85 (Nig)

 

  1. Emmanuel Amaps Ibanichuka, Johnson Nwaiwu & Prince Dordum Yaakoo (2016), Triple bottom line accounting and financial performance of oil companies in Nigeria, West African Journal of Business and Management Sciences, 5 (2): 1-14 (Nig) (My contribution in this paper is 60%)

 

  1. Ibanichuka, E. A. L. & Wilson, G. N. (2016), Responsibility accounting and financial performance of petroleum marketing firms in Rivers State of Nigeria, Journal of Management Sciences, 3 (1 & 2): 196-207 (Nig)

 

  1. Ibanichuka, E. A. L. & Umelo, N. (2016), International Financial Reporting Standards (IFRS) and financial performance of Oil & Gas companies in Nigeria, Journal of Management and Social Sciences, 4 (1 & 2): 161-171 (Nig)

 

  1. E. A. L. Ibanichuka, J. N. Nwaiwu & O. I. Briggs (2016), Accruals quality and return on capital employed (ROE): Evidence from oil companies in Nigeria, Journal of Management & Social Sciences, 4 (1& 2): 237-247 (Nig) (My contribution in this paper is 60%)

 

  1. Ibanichuka, Emmanuel Amaps & Joseph Fineboy Ikechi (2016), Effective Inventory Management and Operations of oil Drilling Companies in Nigeria, African Social and Educational Journal, 5 (2): 1-10 (Nig)

 

  1. Ibanichuka, E. A. L. & Syder, Inuadume Daniel (2016), Non-oil Tax Revenue and Economic Growth in Nigeria (1984-2013), Development Studies Round Table (A Journal of Development) 5 (4): 136-142 (Nig)

 

  1. Ibanichuka, Emmanuel Amaps & Briggs Okorite Isaac (2016), Accruals quality and return on assets (ROA) of oil companies in Nigeria, University of Port Harcourt Journal of Accounting & Business, 3 (2): 1-13 (Nig)

 

  1. Ibanichuka, E. A. L., Johnson, N. N. & Aneke, Emmanuel C (2016), Capitalization policy and financial performance of oil & gas companies in Nigeria, Quarterly Journal of Contemporary Research, 3 (1):

              14-21 (Nig) (My contribution in this paper is 60%)

 

  1. Umobong, A. A. & Ibanichuka, E.A.L. (2016), IFRS implementation and firm’s financial performance in Nigeria, International Journal of Innovative Finance and Economics Research, 4 (4): 50-59 (NIG)

 

  1. Ebere, Chukwuma Christopher, Ibanichuka, E.A.L. & Ogbonna, G. N. (2016), Corporate governance system and financial performance of quoted insurance companies in Nigeria. International Journal of Business & Law Research, 4 (4): 34-41(NIG) (My contribution in this paper is 40%)

 

  1. E.A.L Ibanichuka & Ogonda, G.O. (2016), Tax revenue and economic development in Nigeria: 1990-2012. University of Port Harcourt Journal of Accounting and Business, 4 (1): 118-127 (NIG)

 

  1. E.A.L. Ibanichuka & Salifu, D. (2016), Value added tax and revenue generation: Evidence from a developing country. Rhema University Journal of Management and Social Sciences, 5 (1): 197-205 (NIG)

 

  1. Umobong A. A. & Ibanichuka, E.A.L. (2017), Audit committee attributes and financial reporting quality of food and beverage firms in Nigeria, International Journal of Innovative Social Sciences & Humanities Research, 5 (2): 1-13 (NIG)

 

 

BOOKS

  1. Ibanichuka, E. A. L. (2001) Fundamental of Auditing, Smarts Publishing, PH, Reprinted 2010 by Davidstones Publishing Ltd.

ISBN: 978-37925-2-9.

 

  1.  Ibanichuka, E.A.L, Ohaka, J. & Ironkwe, U. I. (2009)

Executorship Law and Accounts, Trusteeship and Bankruptcy, Port Harcourt: (Mgba Printing/Publishing Company) ISBN: 978-366-08-2-9 (My contribution to the publication of this book is 50%)

 

  1.  Ibanichuka EAL & Onuoha T.E. (2012), Principles of Auditing, Port Harcourt: Publisher, Ano Company Publication

ISBN 978-30380-5-15

 

  1. Ofurum, C.O. Ibanichuka, EAL, & Onuoha, T. E. (2013), Intermediate Accounting and Financial Reporting Publisher: Ano Company Publication

 ISBN 978-30382-21-94 (My contribution to the publication of this book is 50%)

 

  1.  Asechemie, D. P. S. & Ibanichuka, E. A. L. (2014). International Accounting, Publisher: Davidstones Global Resources Ltd

 ISBN 978-978-5106-4-5

 

  1. Ibanichuka, E. A. L. (2003), Monograph on Oil and Gas Accounting in Nigeria

 

  1. Effect of Information Technology on the Accounting Profession in Nigeria.

 

  1. Tax Reforms and Economic Growth in Nigeria.

 

 

  1.  Ibanichuka EAL (Second Resource Person) Fraud Risk            Management Seminars (Quarterly) held at Shell Petroleum Development Company Limited for Senior and Junior Staff as part of Capacity Building Programme of SPDC (2002-2009)

 

  1. Ibanichuka EAL & Ihendinihu J.U (2012)

Creative Accounting and implication for dividend payout of companies in the financial subsector of Nigerian Economy.  Paper presented at the ICBER – 2012 Conference held on 25th -26th June 2012 at the University of Education, Rumuolumeni, Port Harcourt, organized by Association of Business Educators of Nigeria

 

  1. 8th Annual Eastern District Accountants Conference (August 19th-22nd, 2013).

International Best Practices in Revenue Generation; Realizing National Economic Strategic Plans through Benchmarking. Organized by Institute of Chartered Accountants of Nigeria (ICAN) at International Conference Centre, Abuja.

 

  1. 43rd Annual Accountants Conference (7th -11th October 2013) Governance and Sustainable Development Organized by Institute of Chartered Accountants of Nigeria (ICAN) at International Conference Centre, Abuja.

 

  1. Forensic Accounting/Investigation Workshop/Training Programme (27th -28th June 2013) Module 1

 

 

 

  1. Forensic Accounting/Investigation Workshop/Training Programme (24th -27th September 2013) Module 2-4

 

  1. Forensic Accounting/Investigation Workshop/Training Programme (5th -7th November 2013) Module 5-6

 

  1. 4th International Conference on Business and Economic Development (ICBED) held on 30-31 March 2015 at the Crown Plaza JFK Airport, 138-10, 135th Avenue, Jamaica, New York 11436, USA. Co-hosted by the Academy of Business & Retail Management (ABRM) and International Journal of Business & Economic Development (ICBED)

 

  1. Ofurum, C. O., Ibanichuka, E.A.L. & Oyadonghan, K. O. (2015), An Evaluation of the Relevance of the information Content of a Cashflow Statement to Stock Prices in the Nigerian Capital Market   Paper presented at the Academic OASIS/IAABR-2015 Las Vegas International Multidisciplinary Academic Conference held on October 25-27, 2015 at the Stratosphere Casino Hotel & Tower, Las Vegas NV USA, organized by the Academic Organization for Advancement of Strategic and International Studies (Academic OASIS)/International Academy for Advancement of Business Research (IAABR)

 

  1. Fall 2016 Workshop Series. Higher Education Budgeting Basics: Concepts, Creation and Connection held on October 4-6th, 2016 at the Hyatt Regency, Orange County, 11999 Harbor BLVD, Garden Grove CA 92840 USA. Organized by the Western Association of College and University Business Officers (WABUCO)

 

 

 

 

 

JOURNAL PUBLICATIONS

S/N

TITLE

                SUMMARY

 

 

  1.  

FOREIGN JOURNALS

 

Ibanichuka, E.A.L. & Ihendinihu, J.U. (2012), **

Creative accounting and Implication for dividend                           payout of companies in the Financial Sub-sector of Nigerian Economy.  Mediterranean Journal of Social   Science, 3 (15): 125-139. (ROME, ITALY)

 

 

 

 

The paper examines the relationship between creative accounting and reported financial performance of banks and insurance companies in Nigeria.The study shows that creative accounting techniques are positively associated with firm financial performance and have significant effect in dividend payout.The paper concludes that the desire to showcase impressive picture of corporate profitability through payment of enhanced dividend often breaches professional ethics in financial reporting. The paper recommends a more stringent regulatory regime with effective enforcement mechanism.

 

 

 

  1.  

Akenbor, C. O. & Ibanichuka, E.A.L, (2012), **

Creative accounting practices in Nigerian banks, African Research Review, 6 3 (26): 23-41. (ETHIOPIA)

 

The paper is an empirical investigation of Creative Accounting Practices (CAP) in the Nigerian Banking Industry.The paper reveals that the major reason for creative accounting practices in Nigerian Banks is to boost the market value of shares thus users of accounting information are adversely affected by CAP.The paper recommends considering CAP as a serious crime and requiring regulatory bodies to adopt strict measures to stop the practice

 

  1.  

Ohaka, J. & Ibanichuka, EAL (2013), **

Tax incentives and return on equity of quoted manufacturing companies in Nigeria, Reiko International Journal of Business and Finance.  5 (1): 87-99. (USA)

The paper examines the potency of investment Tax Credit (ITC) and reinvestment allowance (RIA) in redefining corporate financial performance in relation to return on equity (ROE).The results indicate a significant positive relationship between ITC, RIA and ROE.The study conceptualizes a Tax Incentive-Corporate Profitability Impact Model (TICPIM) to accord meaningful impetus to a pragmatic proprietary

system advocacy (PPSA) for the Nigerian economy

 

  1.  

Ibanichuka, EAL & Ebere C.C (2013), ** Audit expectation gap and Financial reporting in Rivers State. Reiko International Journal of Business and Finance 5 (2): 48-61. (USA)

 

 

The paper examines the effect of financial reporting on audit expectation gap particularly as it affects safe guarding of corporate property, promoting efficiency in corporate performance and enhancing confidence in reporting.The paper shows that financial reporting has positive effects on safe guarding of corporate property and promotion of efficiency in corporate performance.The study, however, shows that financial reporting in Nigeria does not significantly inspire confidence in financial report users.The paper recommends more education and enlightenment to be given to financial statement users on the duties and responsibilities of auditors in Nigeria

 

  1.  

Oyadonghan, K.J & Ibanichuka, EAL (2014), **

Audit rotation, creative accounting, audit independence and objectivity Research Journal of Finance and Accounting (RJFA)                                                                             5 (1): 129-137. (USA, UK)

The study evaluates empirically the effect of audit rotation on creative accounting, and its relationship between independence, objectivity and financial discipline of management. The results of our analysis show that audit rotation has a positive effect on creative accounting, audit objectivity, independence and financial discipline.The paper recommends that audit rotation should be seen by shareholders, investors and regulatory authorities as a means of guaranteeing corporate survival

 

  1.  

Ibanichuka, EAL & Oyadonghan, K.J (2014), **

A critique on cash basis of accounting and budget

implementation in Nigeria, European Journal of Accounting, Auditing and Finance Research, 2 (3): 69-84 (UK)

 

The paper examines the implications for the use of cash basis as it relates to persistent problem of poor budget implementation in Nigeria.The study shows that cash basis has a positive effect on budget implementation and fair presentation of the financial position of a government.The paper recommends that the accrual basis of accounting should be adopted by government ministries and extra-ministerial departments in Nigeria

 

  1.  

Ibanichuka, EAL & Oyadonghan K.J (2014), **

The relevance of environmental cost classification and financial reporting: A review of standards; Journal of Economics and Sustainable Development. 5 (7): 39-49 (USA, UK)

 

The paper evaluates some aspects of IAS and selected companies’ financial statement to see the level of companies’ response to their responsibilities generated through the negative production externalities.The study shows that firms report their environmental cost with no specific classification of type to enable proper reporting in either income statement or statement of financial position.Firms only give a descriptive disclosure of environmental cost with no monetary value in the Chairman’s or Director’s report.The paper recommends that cost should be reported in the statement of financial position.

 

  1.  

Ihendinihu, J.U, Jones, E and Ibanichuka, EAL (2014), **

Assessment of long-run equilibrium relationship between tax revenue and economic growth in Nigeria (1986-2012) The SIJ Transactions on Industrial, Financial and Business Management(IFBM), 2 (2): 39-47 (India) (My contribution in this paper is 40%)

 

The paper examines the dynamic causal relationship between Tax Revenue components and economic growth in Nigeria from 1986-2012.The results indicate that total tax revenue has significant effect on economic growth explaining about 73.4% of the total variation in real gross domestic production (RGDP), CIT, EDT and OTR respectively, has influence on economic growth, sustaining long-run equilibrium relationships with RGDP.No significant causal relationships exist between PPT, VAT and economic growth.The paper recommends that government should encourage and sustain strong fiscal responsibility and transparency in governance to promote voluntary compliance to tax payment, fight corruption and minimize waste in the use of tax revenue

 

  1.  

Oyadonghan, K.J & Ibanichuka, EAL (2014), **

Financial control and the challenges of fraud prevention in the banking industry, International Journal of Research in Management (IJRM).  4 (4): 31-47. (USA, UK)

 

The paper examines the factors that are responsible for the continued increase in bank fraud despite the existence of financial control guidelines provided by the CBN and other regulatory agencies.  The study reveals that the current control measures by CBN and other control bodies are sufficient in content and scope to prevent fraud in the industry, but the effective operation of such controls are hindered by human and system failures.  The paper recommends among others, that monitoring by the relevant control agencies should be improved and be more frequent to prevent any fraud

  1.  

Ibanichuka, EAL & Oyadonghan, K.J (2014), **

Just-In-Time cost accounting system and socio- economic factors affecting its adoption by Nigerian Firms, Journal of Empirical Economics (JEE) 2 (3): 116-128. (Pakistan)

 

The paper examines the Just –in – Time Cost Accounting System as compared with the traditional method of accounting and the socio-economic factors affecting its adoption in Nigeria.The study reveals that the level of technological advancement, culture, management commitment awareness and other factors affect its adoption.The paper recommends effective training programmes for Managers and Staff while government should engage in more infrastructural development activities and provide a high capital allowance for firms for adopting Just-In-Time System of Accounting and Production

  1.  

Akenbor, C.O & Ibanichuka, EAL (2014), **

Institutional factors influencing the academic performance of students in principles of accounting. International Journal of Higher Education (IJHEM) 1 (1): 15-26 (UK)

 

The paper examines the institutional factors influencing academic performance of students in principles of accounting.The study reveals that institutional factors affecting students’ achievement in principles of accounting in Nigerian Universities are class, size, entry requirement, and access to functional library, semester durations, contact hours and curriculum contexts.The paper recommends redesigning of principles of accounting curriculum to meet specific needs of each performance.The course should be taught in small class size, avoid crashing of programme from 12- week semester to 8 weeks, provide a minimum of two contact hours and NUC to carry out inspection of facilities in Universities library to ensure existence of functional e-library and availability of modern and contemporary textbooks in principle of accounting.

 

  1.  

Egbe, S. & Ibanichuka, E.A.L. (2015),

 Impact of board size on earning per share of quoted manufacturing firms in Nigeria. Brazilian Research Journal of Humanities, Social and Management Sciences(BRJHSMS) 8 (2): 65-78. (Brazil)

 

The paper investigates the relationship between corporate governance mechanisms and financial performance of manufacturing companies in Nigeria. The paper reveals that board size, a corporate governance mechanism, is positively associated with firm financial performance proxied by earnings per share. The paper recommends relatively large board size as against small board size as this is more effective in performing the board’s governance roles because of it having enough members to discharge its responsibilities.

 

  1.  

Clifford O. Ofurum, Emmanuel A. Ibanichuka & James K. Oyadonghan (2015) Evaluation of the relevance of information content of cash flow statements to stock prices in the Nigerian Capital Market. Journal of Advancements in Economics, Finance & Accounting,

 V (2): 27-38 (USA) (My contribution in this paper is 40%)

 

 

The paper examines the relationship between information content of cash flow statements and stock prices in the Nigerian Capital Market. The results of the study show that cash flow ratios provide valuable information for stock price decisions in the capital market. The paper recommends that cash flow statements of listed companies in the Nigerian capital market should be provided in the Stock Exchange fact’s book to enhance decision makers access to relevant information.

 

  1.  

Ebere, Chukwuma Christopher & Ibanichuka, Emmanuel Amaps Loveday (2016) Money laundering and forensic accounting skills in Nigerian Banks, Research Journal of Finance & Accounting, 7 (15): 149-155 (USA, UK)

 

The paper examines money laundering and forensic accounting skills in Nigerian banks with the purpose of determining whether the extent of placement, layering and integration money laundering methods are affected by forensic accounting skills. The findings reveal that forensic accounting skills curb money laundering activities. The paper recommends that Nigerian banks should formulate deliberate policies that ensure recruitment of forensic accountants to man internal audit outfits as this will enhance the capacity of such banks in curbing money laundering activities.

 

  1.  

Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) Managerial and controlling ownership, profitability, firm size and financial leverage in Nigeria, International Journal of Business and Management Review, 4 (9): 43-57 (UK)

 

The paper examines the relationship between managerial and controlling ownership, profitability, firm size and financial leverage in manufacturing and service industries. The result suggests increasing (decreasing) use of debt capital when MCOWN is low (high) and that the higher (lower) the MCOWN, the greater (lesser) the agency cost contradicting the notion that FL is a governance mechanism that mitigates agency problem

 

  1.  

Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) The predictive ability of corporate profitability components and future earnings, European Journal of Accounting, Auditing and Finance Research, 4 (11):   1-12 (UK)

 

The paper considers the predictive ability of corporate profitability components and their relationship to future earnings. The result shows that future earnings (FTE) was negatively related to financing leverage component (FLC) and investing leverage component (ILC) and positively related to operating leverage component (OLC)

 

  1.  

Asian A. Umobong & Emmanuel A. L. Ibanichuka (2016), Accounting manipulations and firm financial performance: Evidence from Nigeria, European Journal of accounting, Auditing and Finance Research, 4 (10): 30-47 (UK)

 

The paper examines relationship of accounting manipulations using timing of assets as independent variable and firm’s financial performance (dependent variable) using Return on assets, Return on Equity and Earnings per share.The result shows respectively a significant relationship between TAT and ROA, ROE and EPS. The paper further confirms a positive relationship of TAT with ROA and EPS and a negative relationship of TAT with ROE. The paper recommends regulators overhaul of corporate governance mechanisms, amendment of CAMA 2004, internal audit empowerment and audit committee’s extensive attention to Timing of assets sales to prevent use of manipulative techniques.

 

 

 

  1.  

Ibanichuka, E.A.L. (2002), **

Small companies audit: How relevant in the Nigerian context, Journal of Business Research, 1 (2): 176-204 (Nig)

This paper examines the relevance and thus the necessity of small companies audit in Nigeria reviewed from five perspectives.  The developmental, Entity concept, ecological, strategic systems and Global systems perspectives

The paper recommends among others the review of CAMA’90 with respect to small company’s and/or modification of formal audit of small companies to accommodate the peculiar characteristics of such companies.

 

 

 

  1.  

Ibanichuka, E.A.L. (2003), **

The imperatives of capital adequacy in operating performance appraisal of banks in Nigeria: A cross sectional analysis, Journal of Business & Economic Research (JIBER) 7 (1): 12-22 (Nig)

 

The paper shows the close relationship between the levels of bank capital and their operating income.It further shows how this relationship affects operational performance of banks thus indicating that adequacy of capital directly and significantly affects the operating performance of banks and their ability to withstand the negative effects of distress and absorb operational losses and hedging against insolvency and maintain sustainable growth.

 

  1.  

Ibanichuka, E.A.L. (2007), **

Adoption of advanced manufacturing technology (AMT) and management accounting and reporting practices: A review of literature. The Nigerian Journal of Financial Research (NJOFIR) 5 (1): 71-80 (Nig)

 

 

 

This article examines how the adoption of AMT influences the management accounting and reporting practices of manufacturing companies. The study shows greater use of new costing systems, non-financial systems as well as non-financial performance measurement indicators (PMIs) such as benchmarking, product line, and suppliers’ performance

 

 

  1.  

Ibanichuka, E.A.L. & Ihendinihu, J. U. (2008), ** Assessment of the effects of environmental practices on sustainable development in the Niger Delta Region of Nigeria. The Nigerian Journal of Financial Research(NJOFIR) 6 (1): 87-112 (Nig)

 

This article assesses the effects of environmental accounting practices on sustainable development in Niger Delta Region.The study shows how environmental accounting practice impacts on changes in environmental performance and sustainable development particularly identifying scholarship, water and healthcare projects as dominant developmental projects in host communities

  1.  

Ibanichuka E.A.L, & Ihendinihu J.U. (2009), **

Evaluation of the impact of creative accounting techniques on reported financial performance of firms in Nigeria. Nigerian Journal of Economics and Financial Research, 2 (1): 242-258. (Nig)

 

The paper examines the impact of creative accounting techniques on firm financial performance reporting in Nigeria.The study shows that creative accounting significantly impacts returns on assets of Nigerian firms.It furthers shows that creative accounting techniques were used to massage reported financial figures in accounts

  1.  

Asodike J.D, Ebere, C.C. & Ibanichuka E.A.L, (2012), **

Leadership challenge of principals and work morale among secondary school teachers in Nigeria (A study of Rivers State) Journal of African Contemporary Research, 7 (1): 49-55. (Nig) (My contribution in this paper is 40%)

 

The paper examines leadership challenge of principals and work morale amongst secondary school teachers in Nigeria, particularly in Rivers State.  The study reveals that leadership capacity of principal is greatly affected by school vision and work moral ethics which are in turn greatly affected by influence acquired by excellence, commitment and decision making

 

  1.  

Akenbor, C.O   & Ibanichuka, EAL (2012), **

Effect of Value-Added Tax on economic growth and development in Nigeria, 1994-2008, International Journal of Agriculture and Development Economics (IJADE) 2 (1): 193-203 (Nig)

 

The paper examines Value Added Tax (VAT) to determine its impact on economic growth and development in Nigeria.  The study reveals a significant positive relationship between VAT and economic growth and development.  The paper recommends Government providing adequate regulatory provisions for retrieving VAT proceeds from companies and other collection agents and proper business enumeration in each state of the federation to create a good data base of vatable activities

  1.  

Ebere, C.C, Ibanichuka, EAL and Yaakoo P.D (2012), **

Activity Based Costing and project implementation in small scale enterprises in Rivers State, African Business and Finance Journal, 5 (2): 137-143 (Nig) (My contribution in this paper is 40%)

The paper examines Activity-Based Costing (ABC) and project implementation in small scale enterprises in Rivers State.  The study reveals a positive correlation between

implementation in small scale enterprises in Rivers State. Also, it reveals a positive correlation between ABC and organizational profitability and efficiency.  The paper concludes that adoption of ABC increases profitability and reduces inefficiency in small scale enterprises

 

  1.  

Ibanichuka, EAL and Anyaku (2013), **

The Nigerian accounting Standards Board and Corporate Financial Reporting: Matters arising,

The University Advanced                                                                                                                                                                 Research Journal,  9, 88-99 (Nig)

 

The paper examines theoretical issues arising from corporate financial reporting particularly as it relates to standard setting in a political environment, the expectation gap in corporate reporting, emerging trends in

NASB financial reporting and promoting transparency through narrative reporting.  The paper concludes that the purpose of accounting is not uniquely that of constituting a memory of enterprises’ operations but a means of political calculation of enterprises’ economic performance indicator

 

  1.  

Ibanichuka, EAL and Major, I.H (2014), **                    

An empirical investigation of price-level changes and accounting information in Nigeria, The University Advanced Research Journal, 12, 79-94 (Nig)

The paper examines the influence of price –level changes on accounting information in Nigeria.  The result of our analysis shows that there is no positive and significant relationship between price level change and accounting information in Nigeria.  The study further shows that no significant difference exists in accounting information during inflationary and non-inflationary periods of the Nigerian economy.  The paper recommends that where conventional reporting method is used in the preparation of financial statement, historical costs and revenues should be restated or adjusted to reflect the current purchasing power of money for better decision making

  1.  

Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015),

Cost of sales, an index of audit process control in strategy implementation, Journal of Business & Value Creation (JBVC) 4 (2): 55-63 (Nig)

 

The paper examines whether cost of sales is a determining factor in achieving the efficiency of internal audit process control with respect to sales strategy implementation in quoted manufacturing firms in Nigeria. The result shows that cost of sales is relevant in the control process of sales strategy implementation. The paper concludes that cost of sales is a significant measure of process control with respect to sales strategy implementation.

 

  1.  

Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015)

 Effect of investors ratios on stock price determination in the Nigerian Capital Market, Development Studies Round Table (A Journal of Development) 5 (2) 121-130 (Nig)

 

 

The paper reviews the information and decision worth of investment ratios to decisions made in the capital market on stock prices. The results reveal that earnings per share and dividend per share have positive effect on stock prices in the stock market, while dividend yield, dividend cover and earnings yield have negative effect on changes in stock prices at the capital market. The paper recommends that annual reports should contain other investors ratios as it is with earnings per share and dividend per share.

 

  1.  

Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015) Qualitative accounting information and investors decision in the Nigerian Capital Market, Journal of Management & Social Sciences, 3 (1) 53-61 (Nig)

 

The paper aims at determining the value relevance of qualitative accounting information to the efficient allocation of scarce resources in the capital market decision making process. The result shows that relevance of accounting information is of great importance to investors in decision making; that faithfulness, timeliness and reliability are variables outside the control of the investors. The paper recommends that disclosure of financial information should include the level of earnings management and dividend policy.

 

  1.  

Ogbonna, G.N., Ibanichuka, E.A.L. & Joseph Fineboy Ikechi (2015), Tax incentives as stimulus for industrial growth and its implications in Nigerian Economy (A survey of selected companies in the South-East, Nigeria,1996-2014) African Business and Finance Journal, 7 (1): 112-121 (Nig) (My contribution in this paper is 40%)

 

The paper investigates tax incentives as stimulus for industrial growth in Nigeria from 1996 to 2014. The results show positive and significant relationship between adequate tax incentives and industrial growth in Nigeria. The study further shows a positive and significant relationship between tax incentive awareness and motivation to invest as well as its capability to attract investment locally and internationally. The paper recommends that government should provide adequate tax incentive and create sufficient awareness of its availability to motivate Nigerians and foreigners to invest in businesses in Nigeria to accelerate the desired industrial and economic growth.

 

  1.  

Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015) Internal audit efficiency: Strategy implementation emphasis in quoted manufacturing firms in Nigeria, West African Journal of Business & Management Sciences, 4 (3): 308-317 (Nig)

 

The paper examines the existing association between internal audit efficiency and strategy implementation in quoted manufacturing firms in Nigeria. The result shows that internal audit is relevant in the resource utilization of a firm and that the reports of internal audit are used as guide to manufacturing decision implementation. The paper recommends that the operations of internal audit units should be accorded a high level of cooperation from all employees of the firm.

  1.  

Nwaiwu, J. N. & Ibanichuka, E.A.L. (2015) 

Auditors’ independence and professional services in Sub-Saharan Africa: Evidence from Nigeria, Rhema University Journal of Management & Social Sciences, 3 (1): 115-127 (Nig)

 

The paper investigates the influence of auditors’ independence on professional services. The results show that there exists a positive and significant influence of auditors’ independence on corporate secretarial consultancy and financial management consultancy services but a negative and insignificant influence on tax management services. The paper recommends that regulators should discourage the practice where auditors render other paid professional services to the same firms they audit by enforcing the provisions of the law which disapproves such.

  1.  

Ibanichuka, E.A.L. & Ebere, C.C. (2016) Tax revenue and economic productivity in Nigeria (1994-2013), University of Port Harcourt Journal of Accounting & Business, 3 (1): 289-297 (Nig)

 

This paper investigates tax revenue and economic productivity in Nigeria from 1994 to 2013 with the purpose of determining whether Value Added Tax (VAT) and Petroleum Profit Tax (PPT) relate with All Share Index (ALSI) and market capitalization (MKTCAP) respectively. The results show that value added tax and petroleum profit tax contributed positively and significantly to all share index and market capitalization respectively. The paper recommends that policies regarding assessment, collection and administration should be aimed at promoting growth in corporate values of shares quoted in the Nigerian Stock Exchange.

  1.  

Ebere, C. C. & Ibanichuka, E. A. L. (2016), Audit committee and financial performance of quoted insurance companies in Nigeria (2008 – 2014), International Journal of Advanced Academic Research (Social and Management Sciences), 2 (7): 75-85 (Nig)

 

The paper examines how audit committee’s size affect the financial performance of insurance companies proxied as return on assets (ROA) and return on equity (ROE). The results reveal that audit committee’s size does not significantly affect returns on assets and equity of insurance companies. The paper recommends amendment of the enabling laws guiding the code of insurance practice to allow priority attention to be given to audit committee’s advice and recommendations.

  1.  

Emmanuel Amaps Ibanichuka, Johnson Nwaiwu & Prince Dordum Yaakoo (2016), Triple bottom line accounting and financial performance of oil companies in Nigeria, West African Journal of Business and Management Sciences, 5 (2): 1-14 (Nig) (My contribution in this paper is 60%)

 

The paper examines the relationship between triple bottom accounting (social, environmental and economic accountability) and performance of oil and gas companies in Nigeria. The findings reveal that social, environmental and economic accountability have significant relationship with return on assets, earnings per share and dividend per share. The paper recommends that oil companies in Nigeria should be more socially, environmentally and economically responsible to their spheres of contact. They should house the 3Ps-people, planet and profit in their corporate report as it has triple bottom line benefits such as social capital formation, environmental health and economic prosperity which are the three pillars of sustainable petroleum business in Nigeria

  1.  

Ibanichuka, E. A. L. & Wilson, G. N. (2016), Responsibility accounting and financial performance of petroleum marketing firms in Rivers State of Nigeria, Journal of Management Sciences, 3 (1 & 2): 196-207 (Nig)

 

The paper investigates the interrelationship existent between responsibility accounting and financial performance of petroleum marketing firms in Rivers State. The results reveal that responsibility accounting has a significant and positive impact on financial performance of petroleum marketing firms in Rivers State. The paper recommends prioritization of expenditure per market demand in order to boost profit, ensure that assets are put to proper use to improve returns on investment and periodical review of individual manager’s responsibility and attainable objectives to keep pace with the short and long term goals of the firm

  1.  

Ibanichuka, E. A. L. & Umelo, N. (2016), International Financial Reporting Standards (IFRS) and financial performance of Oil & Gas companies in Nigeria, Journal of Management and Social Sciences, 4 (1 & 2): 161-171 (Nig)

 

The paper investigates the effects of the adoption of International Financial Reporting Standards (IFRS) on the financial performance of indigenous oil and gas entities in Nigeria. The findings of the study reveal that IFRS has a negative and non-significant effect on financial performance (profitability, liquidity and gearing ratios) of oil and gas companies in Nigeria. The paper recommends indigenous oil and gas companies to make their annual reports public to enable objective critical analysis; present financial reports in line with IFRS benchmarks but improve on internal operational efficiency to achieve profitability and FRCN to re-evaluate its adoption of IFRS and harmonize all conflicting standards in line with local prevailing factors.

 

  1.  

E. A. L. Ibanichuka, J. N. Nwaiwu & O. I. Briggs (2016), Accruals quality and return on capital employed (ROE): Evidence from oil companies in Nigeria, Journal of Management & Social Sciences, 4 (1& 2): 237-247 (Nig) (My contribution in this paper is 60%)

The paper empirically ascertains the relationship between accruals quality and return on capital employed of oil companies in Nigeria. The results indicate that there is a positive but insignificant relationship between accruals quality and return on capital employed. The paper recommends among others that to attain optimum compliance, regulators in the sector should ensure adequate monitoring of firms and immediate action should be carried out on erring firms.

 

 

  1.  

Ibanichuka, Emmanuel Amaps & Joseph Fineboy Ikechi (2016), Effective Inventory Management and Operations of oil Drilling Companies in Nigeria, African Social and Educational Journal, 5 (2): 1-10 (Nig)

 

The paper examines effective inventory management and the operations of oil drilling companies in Nigeria. The results show positive and significant correlation between effective inventory management and downtime in the operations of oil drilling firms resulting in loss income on such firms. The results further reveal a significant correlation between incessant downtime owing to poorly managed inventory control and termination of contract. The paper recommends that drilling firms should strengthen their inventory management system for effective and timely work delivery to avert downtime, loss of income and termination of contracts.

 

  1.  

Ibanichuka, E. A. L. & Syder, Inuadume Daniel (2016), Non-oil Tax Revenue and Economic Growth in Nigeria (1984-2013), Development Studies Round Table (A Journal of Development) 5 (4): 136-142 (Nig)

 

The paper examines the impact of non-oil tax revenue (Value Added Tax-VAT and Company Income Tax-CIT) on economic growth in Nigeria. The findings indicate that VAT impact negatively on Real Gross Domestic Product (RGDP) but is insignificant at 5% level. Similarly, CIT relates positively with RGDP and has significant impact on RGDP at 5% level of significance. The paper shows that there is the presence of two cointegrating relations among the studied variables. The concludes non-oil tax revenue impact moderately on economic growth in Nigeria at both short and long run perspectives. The paper recommends a paradigm shift on revenue generation framework from oil base to non-oil base activities.

  1.  

Ibanichuka, Emmanuel Amaps & Briggs Okorite Isaac (2016), Accruals quality and return on assets (ROA) of oil companies in Nigeria, University of Port Harcourt Journal of Accounting & Business, 3 (2): 1-13 (Nig)

 

The paper examines the relationship between accruals quality and return on assets of oil and gas companies in Nigeria. Results indicate there is no correlation and an insignificant relationship between accruals quality and returns on assets. The paper recommends that management and directors of oil firms should not be absolved of improved scrutiny as it is their responsibility to avail users of financial statements with adequate disclosures. This can be ensured through the enforcement of appropriate retributive measure on defaulting firms.

 

  1.  

Ibanichuka, E. A. L., Johnson, N. N. & Aneke, Emmanuel C. (2016), Capitalization policy and financial performance of oil & gas companies in Nigeria, Quarterly Journal of Contemporary Research, 3 (1): 14-21 (Nig) (My contribution in this paper is 60%)

 

The paper investigates the impact of capitalization policy on financial performance of oil and gas exploration companies in Nigeria. The test results show that capitalized exploration and evaluation costs have no significant effect on return on capital employed and total asset turnover of the firms. The paper recommends capitalization methods that are objective, unbiased and consistent with accounting prudence concept be implemented to address the divergent policy issues. Industry specific initiative that would enhance investment decision making and uniformity of accounting language be introduced.

  1.  

Umobong, A. A. & Ibanichuka, E.A.L. (2016), IFRS implementation and firm’s financial performance in Nigeria, International Journal of Innovative Finance and Economics Research, 4 (4): 50-59 (NIG, ESTONIA)

 

 

 

The paper examines International Financial Reporting Standards (IFRS) adoption and firm’s financial performance in Nigeria. Findings indicate no significant difference in means of return on assets, return on equity and earnings per share in pre-and post-adoption periods. This implies that IFRS adoption does not impact on reported performance of companies in terms of preventing bloated earnings. The paper recommends regulators to overhaul corporate governance mechanisms, staff training on IFRS and internal audit empowerment

45.

Ebere, Chukwuma Christopher, Ibanichuka, E.A.L. & Ogbonna, G. N. (2016), Corporate governance system and financial performance of quoted insurance companies in Nigeria. International Journal of Business & Law Research, 4 (4): 34-41(NIG, ESTONIA) (My contribution in this paper is 40%)

 

 

 

 

The paper investigates the corporate governance system in terms of board size and board composition and its relationship with earnings per share and return on assets of quoted insurance companies in Nigeria from 2008 to 2015. The results show that board size and board composition respectively has a positive and statistically significant relationship with earnings per share and return on assets.  The study recommends that regulators must ensure competent independent members are well represented on the board of directors. Also, ensure that insurance companies strictly adhere to the corporate governance code of conduct to achieve maximum financial performance.

46.

E.A.L Ibanichuka & Ogonda, G.O. (2016), Tax revenue and economic development in Nigeria: 1990-2012. University of Port Harcourt Journal of Accounting and Business, 4 (1): 118-127 (NIG)

 

 

 

The paper examines the effects of Tax Revenue on the Economic Development of Nigeria for the period 1990-2012. The results show tax revenue variables have significant effect on variables of economic development. The paper recommends among others that ICT should adequately be used with respect to tax collection

47.

E.A.L. Ibanichuka & Salifu, D. (2016), Value added tax and revenue generation: Evidence from a developing country. Rhema University Journal of Management and Social Sciences, 5 (1): 197-205 (NIG)

 

 

 

 

 

 

The paper evaluates the effect and relationship between value added tax and revenue generation in Nigeria from 1995 to 2014. The results show that there is a significant and positive relationship between value added tax and revenue generation in Nigeria; but shows that consumption value added tax has no significant effect on total federally collected revenue in Nigeria. The paper recommends among others for government to encourage a strong fiscal transparency system and responsibility through effective legislation to promote compulsory compliance in tax payment.

48.

Umobong, A.A. & Ibanichuka, E.A.L. (2017), Audit committee attributes and financial reporting quality of foods and beverage firms in Nigeria, International Journal of Innovative Social Sciences & Humanities Research 5 (2): 1-13 (NIG)

The paper examines the relationship between audit committee characteristics and financial reporting quality of food and beverage firms using secondary data obtained from the Nigerian Stock Exchange. The results show that increase in audit committee independence, financial expertise of members, firm age and frequency of meetings increases financial reporting quality. While increase in audit committee size and firm size decreases reporting quality. The paper recommends that more accounting and financial experts should be appointed to audit committees and a ceiling be pegged on the minimum number of meetings audit committee members should attend in a financial year.

 

49.

 

BOOKS:

Ibanichuka, E. A. L. (2001) Fundamental of Auditing, Smarts Publishing, PH, Reprinted 2010 by Davidstones Publishing Ltd.

ISBN: 978-37925-2-9.

 

 

This book is an introductory work on the principles and practice of auditing.  It is written to serve students studying in the foundation courses up to three hundred level courses of Universities as well as first level examination of the professional body.  9 Chapters.     

50.

 

Ibanichuka, E.A.L, Ohaka, J. & Ironkwe, U. I. (2009)

Executorship Law and Accounts, Trusteeship and Bankruptcy, Port Harcourt: (Mgba Printing/Publishing Company) ISBN: 978-366-08-2-9 (My contribution to the publication of this book is 50%)

 

Contents

Executorship Books and accounts Trust Accounts, Powers & Duties of the Personal Representatives, Apportionment of Income, Distribution and Order of Payments, Capital Gains Tax on Distribution, Bankruptcy Law &

Accounts, Administration of Estate Bankruptcy Accounts & Offences Law of Succession, Trusteeship Investigation & Audit of Executors & Trustees Accounts.

Covered in 12 Chapters

 

51.

 

Ibanichuka EAL & Onuoha T.E. (2012), Principles of Auditing, Port Harcourt: Publisher, Ano Company Publication, Thompson & Thompson Ltd.

ISBN 978-30380-5-15

 

Contents

Introduction to Auditing, Appointment of Auditors, Audit Approach, Audit Report, Auditor’s Liabilities, Internal Control, Verification of Assets & Liabilities, Audit of Computer System, Investigations, Nigerian Standards in Auditing (NSA), Covered in 10 Chapters

52.

 

Ofurum, C.O., Ibanichuka, EAL, & Onuoha, T. E. (2013), Intermediate Accounting and Financial Reporting Publisher: Ano Company Publication,

 ISBN 978-30382-21-94 (My contribution to the public-cation of this book is 50%)

 

Contents:

Partnership Accounts, Amalgamations Company Accounts, Statement of Cash Flow HP Accounts, Ratio Analysis, Leases, Incomplete Records, International Financial Reporting Standards (IFRS). Covered in 17 Chapters

 

53.

Asechemie, D. P. S. & Ibanichuka, E. A. L. (2014). International Accounting, Publisher: Davidstones Global Resources Ltd

 ISBN 978-978-5106-4-5

 

Contents

Introduction of International Accounting and its significance, Organizing Multinational Operations, Capital for International Business, Credit in International Trade, Techniques of foreign Exchange Risk Management, Accounting for Derivatives, Multinational Transfer Pricing, Institutions and Procedures of International Business in Nigeria, Aspects of Income Tax in Nigeria, Foreign Currency Conversion and Translation, Combination and Consolidation of Foreign Operations, International Financial Reporting Package, Foreign Investment Decisions, The ECOWAS Context, A Comparative Analysis of ECOWAS Accounting: The Anglophone Bloc, A comparative Analysis of ECOWAS Accounting: The Francophone Bloc, West African Accounting Harmonisation296, Internationalization  of Accounting. Covered in 18 Chapters

 

54.

Ibanichuka, E. A. L. (2003), Monograph on Oil and Gas Accounting in Nigeria

Contents

Covers comprehensive background on Upstream and Downstream Activities, Accounting Practices and Financial Reporting of such activities in the oil and gas industry.

 

Helen Yorowa Ollor

FULL NAMES: Helen Yorowa Ollor

DESIGNATION(S): Senior Lecturer in Hospitality Management and Tourism

CONTACT DETAILS:

MOBILE: 0803 762 3882

E-MAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.

OFFICE BLOCK/ADDRESS: University of Port Harcourt, Faculty of Management Sciences, Department of Hospitality Management and Tourism

BRIEF PROFILE:

AREAS OF SPECIALIZATION:

 Food & Nutrition, Finance, Hospitality Management and Entrepreneurship

RESEARCH STATEMENT:

Topic:

“Cultural Heritage and the Development of Hospitality and Tourism Industry in Nigeria” Nigeria is known for its Rich Cultural Heritage which include Mambila Plateau in Jos, Argungu festival in Sokoto, New Yam and Fishing Festivals in River State, Wrestling and Traditional Marriage Ceremonies in Rivers State, Social Parades and Traditional Dances in Cross River State and Boat Reggata in Rivers State. These are Cultural Heritage which when properly advertised and promoted can attract Tourists within and outside Nigeria.

My research seeks to integrate Cultural Tourism as a means of earning foreign exchange for Nigeria, providing employment for millions of unemployed youths and creating knowledge of the cultural heritages for researchers and policy makers.

 

EDUCATIONAL INSTITUTIONS ATTENDED/QUALIFICATIONS OBTAINED

            Igbinedion University, Okada; Ph. D. (Banking and Finance), 2010

 

            Iowa State University, Ames, Iowa, USA; Master of Ed. (Family and 

            Consumer Sciences Education), 2007

 

            Iowa State University, Ames, Iowa, USA; B. Sc. (Home 

            Economics, with specialization in Nutrition and Dietetics), 1982

           

CONSULTING AND COMPENSATED OUTSIDE ACTIVIIES

Served as chairperson, Syndicate Session 2 (Hospitality Group), at the 1st Rivers    State Tourism Summit held on June 21st – 22nd, 2012. Organized by Rivers State Tourism, Ministry of Culture and Tourism in Rivers State House of Assembly Auditorium, Port Harcourt with the Theme: ‘’Tourism and Economic Development: The Challenge of Sustenance in Rivers State’’.

 

As President of Akpajo Women Association, I organized a retreat on Women in National Development held at Limpopo Springs Hotel, Port Harcourt on July 19 – 20, 2013.

 

HONOURS, AWARDS AND FELLOWSHIPS:

  1. Award of Excellence on September 25, 2015, by the National Association of Hospitality Management and Tourism Students in appreciation of my continuous support to the growth of the Association

 

  1. Member, League of researchers in Sustainable Development, International Research and development Institute, Uyo, Nigeria
  2. Emereowa Gbere Nawaya of Acharama. Awarded by Acharama Community in Eleme;

 

  1. Her Royal Highness of Alungwa Community, Akpajo Clan;

 

Achievement Award by Akpajo Stakeholders Forum.

 

TEACHING, RESEARCH AND OTHER WORK EXPERIENCE:

 

  • Senior Lecturer, Department of Hospitality Management and Tourism, Faculty of Management Sciences, University of Port Harcourt, Port Harcourt, October 1st, 2015 – Current.
  • Lecturer I, Department of Hospitality Management and Tourism, Faculty of Management Sciences, University of Port Harcourt, Port Harcourt, February 7th, 2012 – September 30th, 2015.

 

  • Currently teaching General Faculty Course: Introduction to Hospitality Management and Tourism (HMT 711.1) to Post Graduate Diploma, (PGD) students in the Marketing Department, 2016/2017 Session.

 

  • I am also teaching HMT 211.1: Introduction to Hospitality Management and Tourism to Undergraduates students (200 Level) in Accounting Department, (A Faculty Course).

 

  • I have taught Fundamentals of Entrepreneurship (GES 300.1) to Level 300 Students in Political Administration,

 

  • Catering Services (HMT 310.2) in the Hospitality Management and Tourism 
  • Lodging Operations Management (HMT 314.2) to Level 300 Students in the same Department.

 

  • I was also involved in the teaching of a General Faculty Course: Introduction to Hospitality Management and Tourism (HMT 711.1) to Post Graduate Diploma, (PGD) students in both Full and Part-Time Students in the Departments of Management and Finance and Banking, 2015/2016 Session.

 

  • Also, I was involved in the teaching of two Courses in the Entrepreneurial Centre, (Certificate Programs) of the University. The Courses were: “Cooking Methods and Food Safety”; and “Food Layout and Design” in 2016 Second Semester.

 

 

Courses Taught:

 

  • Fundamentals of Entrepreneurship (GES 300.1 and GES 300. 2) to Students in Medicine and Surgery; and Sociology respectively.

 

  • I have also taught this same Course to Part Time Students, (GES 300) in Microbiology.

 

  • I have taught Food and Beverage Management (HMT 314.1) in the Hospitality Management and Tourism

 

  • Catering Services (HMT 313.2) in the same Department

 

  • I have taught a Certificate Program: “Classes of Food” in the Entrepreneurial Centre of the University in their First Semester, 2016

 

  • I have supervised Three Undergraduate Students’ Research Projects in the Department in 2015.
  • Currently teaching General Faculty Course: Introduction to Hospitality Management and Tourism (HMT 711.1) to Post Graduate Diploma, (PGD) for both Full and Part-Time Students in the Department of Marketing, 2016/2017 Session.

 

  • I am also teaching HMT 211.1: Introduction to Hospitality Management and Tourism to Undergraduates (200 Level) in Accounting, (A Faculty Course).

 

  • I have taught Fundamentals of Entrepreneurship (GES 300.1) to Level 300 Students in Political Administration,

 

  • Catering Services (HMT 310.2) in the Hospitality Management and Tourism, 2015/2016 

 

  • Lodging Operations Management (HMT 314.2) to Level 300 Students in the Department of Hospitality Management and Tourism, 2015 /2016
  • Food and Beverage Management (HMT 314.1) to Level 300 Students in the Department of Hospitality Management and Tourism, 2015 /2016
  • I was also involved in the teaching of a General Faculty Course: Introduction to Hospitality Management and Tourism (HMT 711.1) to Post Graduate Diploma, (PGD) for both Full and Part-Time Students in the Departments of Management and Finance and Banking, 2015/2016 Session.

 

  • Also, I was involved in the teaching of two Courses in the Entrepreneurial Centre, (Certificate Programs) of the University. The Courses were: “Cooking Methods and Food Safety”; and “Food Layout and Design” in 2016 Second Semester.
  • Taught a Certificate Program: “Classes of Food” in the Entrepreneurial Centre of the University in the First Semester of 2016.

 

Other academic activities (e.g. Curriculum Development, Supervision of Undergraduate and Graduate Research, etc)

 

  • Currently, I am an Advisory Member of the Curriculum Review Committee of the Department of Hospitality Management and Tourism.

 

  • Member of the Research Committee of the Hospitality Management and Tourism. We attend meetings and decisions made concerning Research Programs of the Department.

 

  • I am supervising Seven (7) Undergraduate Research Projects of seven (7) Final Year Students in 2016/ 2017 Session in the Department of Hospitality Management and Tourism.

 

  • I supervised Ten (10) Graduating Undergraduate Students’ Research Projects in 2016 in the Department of Hospitality Management and Tourism.  

 

  • In 2015, I supervised three (3) Students’ Research Projects in the Department of Hospitality Management and Tourism

 

 

OTHER ACTIVITIES IN THE UNIVERSITY OUTSIDE TEACHING AND RESEARCH COMMITMENT: (E.G. MEMBERSHIP OF COMMITTEES, RESPONSIBILITIES HELD, ETC.)

 

I acted for the Head of Department (HOD), of the Hospitality Management and Tourism when she was away for about three days to attend a Conference, March 15 – 17, 20117. My activities included being in the office regularly and seeing visitors who wanted to see the HOD; seeing Students and signing documents for HOD. I also attended emergency Faculty HODs Meeting in which decision was made concerning Graduating ‘Students Day Activities’.

 

I am the current Staff Adviser of the Year Three Hundred Students in the Department of Hospitality Management and Tourism. My activity with the students includes meeting with them regularly and advising them on any information available for them.

 

I have been involved in organizing the design, layout and equipment of the Departmental Kitchen for the undergraduate students’ Practical in the Hospitality Management and Tourism.

 

Chairperson, Kitchen, Restaurant/ Bar Management Committee of the Department of Hospitality Management and Tourism; our Terms of Reference include: Planning of activities, Procurement of food stock, Arrangement for Practical, Sales of Food & confectioneries and Management of sales accounts and any other relevant assignment. Meetings were held and I Chaired the Meetings. Decisions were carried out concerning the Terms of Reference. Report of was written and submitted to the Departmental Board for approval and same has been approved.

 

Member, Faculty of Management Sciences Welfare Committee, 2014 – 2016, responsibilities included attending Meetings and participating in discussions affecting the academic staff of the Faculty.

 

Member, University of Port Harcourt Celebration Committee in the Department of Hospitality Management & tourism, responsibility include attending Meetings and participating in discussions affecting the Department.

 

I acted for the Head of Department (HOD), of the Hospitality Management and Tourism when he was away for about a week during July 28 – 31, 2015 to attend: ’’The 9th Annual Conference of the Academy of Management Nigeria’’ in Benin, Edo State, Nigeria.

 

I acted for the Head of Department (HOD), of the Hospitality Management and Tourism when he was away for about a week during February 18 – 22, 2013 to attend: “The Conference of the Academy of Management Nigeria’’ in Lagos.

 

 

 

OTHER TEACHING AND WORK ACTIVITES

 

  • Teaching Assistant, Department of Banking and Finance, Igbinedion University Okada, 2008/ 09 Session; Taught Introduction to Finance and Investment Management to undergraduate students.
  • Research Assistant, Department of Banking and Finance, Igbinedion University Okada, 2007/ 09 Sessions. Research Project: Socio- Economic Status and Family Budgets of Civil Servants in Rivers State of Nigeria.
  • Supported Living Technician, Mainstream Living, Ames, Iowa – 2005-2007
  • Higher Dietitian, University of Port Harcourt Teaching Hospital, Port Harcourt –  2003-2004
  • Paralegal, International Federation of Female Lawyers (FIDA), Port Harcourt –1998-2001
  • Director, Center for Advanced Leadership and Learning –1997-2001

Coordinator, Development Initiatives, Akpajo Women Cooperatives–1999-2000

  • Coordinator, CIVITAS International, Eleme Local Government Chapter – 2000
  • Director, Hellor Catering Services– 1991-1997
  • Director, Port Harcourt Nutrition Center– 1984-1991
  • NYSC Dietitian, University of Port Harcourt Teaching Hospital– 1983-1984
  • Library Asst., University of Science and Technology, Port Harcourt– 1975
  • Medical Store Asst., Rivers State Ministry of Health, Port Harcourt– 1974

 

OTHER ACTIVITIES OUTSIDE THE UNIVERSITY:

 

As President of Akpajo Women Association, I organized a retreat on Women in National Development held at Limpopo Springs Hotel, Port Harcourt on July 19 – 20, 2013.

 

MEMBERSHIP OF PROFESSIONAL ASSOCIATIONS AND NON-GOVERNMENTAL ORGANIZATIONS (NGOs)

  • League of Researchers in Sustainable Development
  • American Association of Family and Consumer Sciences
  • Nigerian Dietetic Association
  • American Dietetic Association
  • President of Akpajo Women Association
  • Women’s League of Christ Church, Port Harcourt
  • Mothers’ Union, Church of Nigeria, Anglican Communion
  • University of Port Harcourt Women Association
  • African Daughters International
  • National Council of Women Societies

 

ACADEMIC APPOINTMENTS:

  • Senior Lecturer, Department of Hospitality Management and Tourism, Faculty of Management Sciences, University of Port Harcourt, Choba, October 1st, 2015 – Current.

 

  • Lecturer I, Department of Hospitality Management and Tourism, Faculty of Management Sciences, University of Port Harcourt, Choba, February 7th, 2012 – September 30th, 2015.

 

PUBLICATIONS:

Journal Articles:

 

Ollor, Helen Y. (2015). Management and the Hospitality industry: Toward the  

          Effectiveness of Hotel Personnel. International Journal of Advancement in 

          Development Studies. Volume 10, Number 1.

 

Ollor, Helen Y. (2015). Sub-Saharan Africa and the Transformation Question: 

          Franchising and Transforming the Hospitality Industry. West African Journal of  

          Industrial & Academic Research, April, Vol. 13 No. 1, p. 82 – 92.

 

Ollor, Helen Y. (2014). Africa’s Competitiveness in the Global Economy and the 

             Tourism Sector. West African Journal of Industrial & Academic Research,

             December 1, Vol. 12 No. 1, p. 137 – 147.

 

Ollor, Helen Y. (2014). Investment Management for Wealth Creation: Involving Children    

             in Savings and Investments. International Journal of Innovations in  

             Management Science, 6 (1), p. 8 – 12.

Ollor, Helen Y. (2013). Consumer Behavior and Expenditures on Education, Food and  

             Leisure, International Journal of Advancement in Development Studies, 8 (3), 

             p. 119 – 128.

 

Ollor, Helen Y. (2013). Small and Medium Scale Enterprises Development in the Niger 

            Delta Region of Nigeria. International Journal of Advancement in Development    

            Studies, 8 (3), p. 89 – 95.

 

Ollor, Helen Y. (2013). Micro Finance and Poverty Reduction in Nigeria. THE 

            UNIVERSITY Advanced Research Journal. Issue 11, July – September,

            p. 56-72.

 

Ollor, Helen Y. (2013). Investment Management and Small Business 

            Development: A Case Study of Port Harcourt Nutrition Center. African 

            Journal of Management and Administration, 6 (4), p. 145-150.

 

Ollor, Helen Y. (2012). Ohmae Kenichi on the Next Global Stage; Challenges and 

            Opportunities in our Borderless World: A Review Article. Okada Journal of 

            Management Sciences, 1 (2), June, p. 23-37.

 

Ollor, Helen Y. (2012). A theoretical Examination of Entrepreneurship and

            Economic Growth in Nigeria. THE UNIVERSITY Advanced Research 

            Journal. Issue 5, January – March, p. 119-141.

 

Ollor, Helen Y. (2009). Socioeconomic status and family budgets for

            Housing. Okada Journal of Management Sciences, 1 (1), June, p. 32-38

 

Books:

Ollor, Helen Y. (2013). Women in Entrepreneurship: What it takes to start a  

             Business. In Mojekwu, R.; Otu, S. & Ollor, Walter G., (eds.): Women in 

             National Development: Proceedings of a Retreat organized by Akpajo Women 

             Association. Publisher, Hellor Consult Ltd., p. 110-132.   

 

Ollor, Helen Y. (2010). A Review Essay on The Hidden Connections: 

            Integrating the Biological, Cognitive and Social Dimensions of Life into a 

            Science of Sustainability by Fritjof Capra. In Ollor W.  G. (ed.): Education 

            for Sustainable Development: Essays in Honour of Sylvanus J. S. Cookey, 

            p. 54-67.

 

 

OTHER PUBLICATIONS

 

Ollor, Helen Y. (2015). Small and Medium Enterprises Development in the Niger Delta 

            Region of Nigeria. An Abstract Publication. In Women in Research, 2nd ed.  

            Compiled by: Office of Research and Development. Editors: Prof. Abbey, B. W.,  

            Prof. Ajienka, J. A., & Prof. Akaranta, O. University of Port Harcourt, Choba, 

            Nigeria. KTS Integrations Services, p.102.

Ollor, Helen Y. (2011). Optimum Nutrition and our Lifestyle. In “The Wind of 

           Transformation.” A Publication of the TRUEVINE Women Int’l Outreach  

            Magazine. Vol. 1, No. 1, p. 56 – 57.

 

WORKING PAPERS:

  1. What the Bleep Do we Know!?: Discovering the endless Possibilities for Altering  your everyday Reality, by Arntz, William; Betsy Chasse and Mark Vicente: A Seminar Administrative Development.
  2.  The Status of Consumers: Intellectual Foundations of Hospitality and Tourism Industry in Nigeria.

 

TEACHING:

Degree Courses:

  • Currently teaching General Faculty Course: Introduction to Hospitality Management and Tourism (HMT 711.1) to Post Graduate Diploma students (PGD) in the Marketing Department, 2016/2017 Session.
  • I am also teaching HMT 211.1: Introduction to Hospitality Management and Tourism to Undergraduates (200 Level) students in Accounting, (Faculty Course).

 

  • I have taught Fundamentals of Entrepreneurship (GES 300.1) to Level 300 Students in Political Administration

 

  • Catering Services (HMT 310.2) in the Hospitality Management and Tourism, 2015/2016 

 

  • Lodging Operations Management (HMT 314.2) to Level 300 Students in the Department of Hospitality Management and Tourism, 2015 /2016
  • Food and Beverage Management (HMT 314.1) to Level 300 Students in the Department of Hospitality Management and Tourism, 2015 /2016

 

Executive Education & Other Non-Degree Programs:

I was involved in the teaching of Certificate Programs in the Entrepreneurial Centre of the University in the First and Second Semesters of 2016. The Courses were:

  • Classes of Food

 

  • Cooking Methods and Food Safety;
  • Food Layout and Design.

 

OTHER TEACHING:

I am always involve in instructing the Kitchen and Tourism Village Staff on better ways of purchasing food items, preparations, food storage, record keepings and other kitchen and restaurant standards for better results.

 

SERVICE TO THE PROFESSION:

Served as chairperson, Syndicate Session 2 (Hospitality Group), at the 1st Rivers    State Tourism Summit held on June 21st – 22nd, 2012. Organized by Rivers State Tourism Ministry of Culture and Tourism in Rivers State House of Assembly Auditorium, Port Harcourt with the Theme: ‘’Tourism and Economic Development: The Challenge of Sustenance in Rivers State’’.

NNAMDI Ikechukwu Samuel

FULL NAMES: NNAMDI Ikechukwu Samuel

DESIGNATION(S): Senior Lecturer

BRIEF PROFILE:

CONTACT DETAILS:

Tel. No:  +234-803-670-0990

E-MAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.

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OFFICE BLOCK/ADDRESS: Department of Finance and Banking

Faculty of Management Sciences

University of Port Harcourt

Port Harcourt, Rivers State

Nigeria.

CONSULTING/VISITING TIME: BY APPOINTMENT

EDUCATION:

a) Basic Education:

1964 – 1971                                       St Jude’s Primary School

                                                          Ubarunisioye, Nando,

                                                          Anambra East LGA,

                                                          Anambra State, Nigeria.

1973 – 1977                                       College of Immaculate Conception (CIC)

                                                          Enugu,

                                                          Enugu State, Nigeria

1978 – 1983                                       University of Port Harcourt

                                                          Port Harcourt, Rivers State, Nigeria

 

 

b) Graduate Education;

i) Master of Business Administration Programme

1984 – 1986                                       Graduate School,

University of Port Harcourt,

Port Harcourt, Rivers State, Nigeria

ii) Master of Science/Doctor of Philosophy Programme

2006 – 2011                                       Post Graduate School,

                                                          Abia State University,

                                                          Uturu, Abia State, Nigeria

QUALIFICATIONS:

December, 1971                                 First School Leaving Certificate,

                                                          Intermediate Level

June, 1977                                          West African School Certificate (WASC)

                                                          First Division

July, 1983                                         B.Sc. Economics with Second Class Honours,

(Upper Division) 

August, 1986                                      Master of Business Administration Degree in Finance

February, 2012                                   Doctor of Philosophy in Finance

PROFESSIONAL QUALIFICATION: Fellow, Chartered Institute of Financial and Investment Analysts, Nigeria; No. 0077, November, 2012

PROFESSIONAL TRAINING/ACTIVITIES:

i) Seasonal Lecturer, Associate and Full Membership Category Courses, Chartered Institute of Financial and Investment Analysts Examinations, Port Harcourt Centre, 2012 to Date.

VISITING/ADJUCT APPOINTMENTS:

i) Visiting Senior Lecturer, University of Port Harcourt Business School, GRA Port Harcourt for PGD, MBA and MSc Programmes/Thesis Supervision

ii) Adjunct Senior Lecturer, Department of Banking and Finance, Faculty of Management and Social Sciences, Rhema University, Aba, Abia State, Nigeria.

COURSES/SEMINARS/CONFERENCES/WORKSHOPS ATTENDED 1989 TO DATE:

2016, April 28th – 29th                         Second National Conference of Educators in Banking and Finance in Nigeria: The Dynamics of Stabilizing the Nigerian Economy Through Banking and Finance Education, Organized by CIBN, NUC and NBTE, Aganga Hall, International Conference Centre, University of Ibadan, Ibadan

2014, October 15th – 18th                    International Conference on Sub-Saharan Africa and the Transformation Question, Nnamdi Azikiwe University, Awka

2012, November 15th-17th                                Nigeria – China Loan in retrospect and Nigeria’s 2013 Budget Review: Analysts Perspective, Chartered Institute of Financial and Investment Analysts, Nigeria

2012, August, 27th – 31st                     Fund Raising Fundamentals Workshop, Macarthur Foundation in Collaboration with University of Port Harcourt Advancement Centre

2006, November, 22nd – 24th               International Conference on Entrepreneurship: Key to National Development Organized by Faculty of Management Sciences, University of Port Harcourt at International Airport Hotel, Omagba, Port Harcourt

2003, December, 11th – 15th                Bank Marketing Course, H. Pierson Associates, Lagos

2001, February, 10th – 13th                  Public Sector Marketing Course, H. Pierson Associates

2000, August, 2nd – 5th                        Budgetary and Expenditure Control Workshop for Managers, Universal Trust Bank Plc Training School, Ikeja, Lagos,

2000, April, 2nd – 4th                           Credit Administration Workshop, Lagos Business School, Lagos

2000, February, 14th – 18th                  First-In-Line Training for First Line Managers, Leadership and Vision Ltd, Lagos

2000, January, 13th – 15th                    Personal Financial Planning Workshop, Institute of Financial Planning, Lagos

1999, November, 6th – 7th                   Customer Service Course, H. Pierson Associates, Lagos

1999, November, 11th – 12th                Seven Habits of Highly Effective People Workshop, Restral Consulting, Lagos

1998, September, 2nd – 8tth                 Credit Analysis Programme/Workshop Leadership and Vision Ltd, Lagos

1998, July, 2nd – 4th                             Senior Financial Analyst Programme, Lagos Business School, Lagos

1998, June, 20th – 21st                         Advanced Credit Analysis Programme, Lagos Business School, Lagos

1997, June, 5th – 8th                            Marketing and Relationship Management Course, H. Pierson Associates, Lagos

1996, October, 3rd – 7th                      Developing Creativity to Enhance Managerial Performance, H. Pierson Associates.

1996, September, 16th – 18th               Debt Recovery Seminar, Universal Trust Bank Plc Training School

1996, June, 3rd – 6th                            Managing Tasks Through People, Centre Point Consult, Lagos

1996, March, 28th - 30th                       Effective Management Skills, Centre Point Consult, Lagos, March

1992, March, 3rd – 5th                         Cash/Clearing Course for Officers, Universal Trust Bank Plc, Training School, Ikeja, Lagos

1991, October, 25th – 27th                   Credit Appraisal and Administration Seminar, Orient Bank Training School, Enugu

1991, October, 5th – 6th                      Computer Appreciation Course for Officers, Orient Bank Training School, Enugu

1989, September, 2nd – 5th                  Foreign Exchange Operations Course for Officers, Financial Institutions Training Centre, Lagos

 

SCHOLARSHIPS AWARDS AND HONOURS:

The Graduate School of Business Administration Scholarship for 1985/1986 Academic Session, University of Port Harcourt

THESIS WORKED ON:

  1. A study of Export Earnings from Nigeria’s Palm Oil; 1955-1965, BSc (Econs) Thesis, University of Port Harcourt, 1983.  

 

  1. Profits of Banks’ Operations in the Rural Areas of Anambra State: A Multivariate Analysis, MBA (Finance) Thesis, University of Port Harcourt, 1986.

 

  1. Corporate Sectoral Investments and Economic Growth in Nigeria: Evidence from the Capital Market, Ph.D Thesis, Abia State University, Uturu, Nigeria, November, 2011.

 

PROFESSIONAL TRAINING AND WORK EXPERIENCES:

August, 1983 – July, 1984:                  National Youth Service Corps

                                                          Member, School of Business Studies,

                                                          Ramat Polytechnic

                                                          Maiduguri, Borno State

October, 1987 – February, 1988:         Lecturer II,

Department of Finance,  

School of Management,  

Institute of Management and Technology (IMT), Enugu, Enugu State

February, 1988 – May, 1988:              Management Trainee,

                                                          Nigerian Bank for Commerce and Industry                                                             (NBCI), Enugu Branch

May, 1988 – September, 1989:            Management Trainee/Credit Analyst,

                                                          Orient Bank of Nigeria Ltd,

                                                          Garden Avenue Branch, Enugu

September, 1989 – October, 1991:      Officer II,

                                                          Orient Bank of Nigeria Ltd,

                                                          Asa Road Branch,

                                                          Aba, Abia State

October, 1991 – January, 1994:           Senior Banking Officer/Branch Operations                                                             Officer, Universal Trust Bank Plc, Port                                                                  Harcourt Road Branch,

                                                          Aba, Abia State

January, 1994 – June, 1998:                 Assistant Manager/Branch Manager,                                                                       Universal Trust Bank Plc, Nkpor Branch,                                                               Onitsha, Anambra State

June, 1998 – September, 2000:            Deputy Manager/Branch Manager,                                                                         Universal Trust Bank Plc, Onitsha Main                                                                  Branch, Onitsha, Anambra State

September, 2000 – July, 2002:             Manager/Regional Manager, Public Sector                                                              Group (East), Universal Trust Bank Plc.

July, 2002 – September, 2003:             Manager/Business Development Manager                                                               (Aba Area), Universal Trust Bank Plc.

September, 2003 – October, 2004:      Senior Manager/Business Development                                                                  Manager (Aba Area), Universal Trust Bank                                                             Plc.

November, 2005 – October, 2008:      Lecturer II, Department of Finance and                                                                  Banking, Faculty of Management Sciences,                                                            University of Port Harcourt, Port Harcourt.

October, 2008 – October, 2012:                   Lecturer I, Department of Finance and                                                                    Banking, Faculty of Management Sciences,                                                             University of Port Harcourt, Port Harcourt.

October, 2012 to Date:                       Senior Lecturer, Department of Finance and                                                           Banking, Faculty of Management Sciences,                                                            University of Port Harcourt, Port Harcourt.

JOB DESCRIPTIONS:

1. National Youth Service Corps Member, Ramat Polytechnic Maiduguri, Borno State, August 1983 – July 1984.

During this period, I taught and examined National Diploma Students in Business Economics and Business Statistics. At HND level, I taught Business Statistics II.

2. Lecturer II, Department of Finance, School of Management, Institute of Management and Technology Enugu, October 1987 – February, 1988.

Within this period, I taught and examined OND students in Financial Management I. \At HND level, I taught Investment Analysis, Money and Banking, Public Finance and Financial Management II.

3. Management Trainee, Nigerian Bank for Commerce and Industry, Enugu Branch, February, 1988 – May, 1988.

As a Management Trainee, I was involved in Project/Credit appraisals, loan recovery and project visits/reports.

4. Management Trainee/Credit Analyst, Orient Bank of Nigeria Limited, Garden Avenue, Enugu Branch, May 1988 – September, 1989.

I was charged with creation and management of the credit unit of the first branch of a new bank. Consequently, the duties include appraisal of all credit requests on the branch, administration of approved credits domiciled in the branch, recovery of due credits and rendition of monthly mandatory Central Bank of Nigeria reports on Credits (Loans and Advances) relating to the branch.

5. Officer II, Orient Bank of Nigeria Ltd, Asa Road Branch Aba, September, 1989 – October, 1991.

Transferred from Enugu Branch to Aba branch to create and run the Credit, Marketing and Foreign Exchange Unit of the new branch. I initially functioned as a Credit Analyst. In this wise, I appraised credit requests in the branch, marketed/prospected for new relationships, processed foreign exchange requests on the branch and rendered the required credit and foreign exchange monthly reports as they related to the branch.

Later, I took over as Current Account officer and was responsible for opening of current accounts, liaising with lawyers for necessary search reports on required documentations, payment of cheques drawn by current account holders within my limit and liaising with the Branch Accountant and Manager for authorization of cheques above my limit.

6. Senior Banking Officer, Universal Trust bank of Nigeria Plc, Aba Branch, October, 1991 to January 1994.

On joining Universal Trust Bank, I functioned for the first three months as Cash Officer and was charged with the responsibility of coordinating all cash tellers, treasuring cash in and out of the vault, arranging for cash evacuation to Central Bank of Nigeria, Owerri and arranging for cash pick-up services for our major customers like 7-up Bottling Company Plc etc.

After the third month, I assumed responsibility as the Branch Operations Manager and was charged with the following functions:

Coordination of all branch operations involving cash, clearing, entries, new accounts, foreign exchange, rendition of all end-of-month returns to Head Office, ensuring balance and certification of all account heads, preparation of all branch accounts monthly and the financial position as well as appraisal of all operations staff in the branch and asset maintenance. 

 

7. Assistant Manager/Branch Manager, Universal Trust Bank, Nkpor-Onitsha Branch, January, 1994 – June, 1998

Here, I coordinated credit, marketing and operations of the branch. I ensured proper management of the branch including general staff and asset administration, credit processing and approvals from Head Office, recovery of credits, foreign exchange operations, presentation of branch reports at management meetings and defense of same.  Other responsibilities include:

Ensuring appropriate relationship management between the branch, customers, external service providers – lawyers, police, state government ministries as well as planning and coordinating the intervention of responsible Head Office staff as required, to improve the branch marketing efforts.

8. Deputy Manager/Branch Manager, Universal Trust Bank, Onitsha Main Branch, June 1998 – September, 2000

The same function as in No. 7 above in addition to coordination of the operations of the bank’s branches at Nnewi, Bridge Head Onitsha, and Nkpor branches.

9. Manager/Regional Manager, Public Sector Group (East), Universal Trust Bank Plc, September, 2000 – July, 2002

In this assignment, I functioned to coordinate the bank’s marketing and relationship servicing efforts relating to the South East and South-South state governments and parastatals. The states included – Rivers, Bayelsa, Akwa-Ibom, Cross River, Enugu, Anambra, Imo, Ebonyi, Delta and Edo.

10. Senior Manager/Business Development Manager, Universal Trust Bank, Aba Zonal Branches, September, 2003 – October, 2004.

In this capacity, I functioned to coordinate the business/relationship development efforts in all branches of Universal Trust Bank Plc, within Aba town towards enhancing the branch deposits as well as facilitating improved credit/relationship management within Aba zone.

11. Lecturer II, Department of Finance and      Banking, Faculty of Management Sciences, University of Port Harcourt, November, 2005 – October, 2008.

In this capacity, I taught undergraduate and PGD courses as assigned, produced results, supervised undergraduate students’ projects and also, computed students’ results periodically as assigned by the Head of Department.

12. Lecturer I, Department of Finance and        Banking, Faculty of Management Sciences, University of Port Harcourt, October, 2008 – October, 2012.

Here, I continued with my responsibilities as stated in No. 11 above. In addition, I was also, involved in teaching and supervising MBA students.

13. Senior Lecturer, Department of Finance and        Banking, Faculty of Management Sciences, University of Port Harcourt, October, 2012 to Date.

Here, in addition to teaching undergraduate and PGD students, I advanced into teaching and supervision at other graduate levels – MSc, PhD and DBA.

RESEARCH INTEREST:

My research interest has mainly been directed towards improving the application of relevant theories in Finance and Banking for improved performance of both corporate and government entities in Nigeria’s economy. To this extent, my keen interest is in the core areas of Investment Analysis, Corporate Finance, Banking Operations, Credit Analysis and Management, Marketing of Financial Services and more recently, Micro Credit Operations. Consequently, they find relevance in my teaching and professional exposures and contribute as propelling factors for my aspiration.

 

OTHER ACADEMIC ACTIVITIES:

These include:

  • Supervision of students at B.Sc., PGD, MBA, M.Sc., DBA and PhD levels. These enable me to contribute to man power development in Nigeria.
  • Served as External Examiner for B.Sc. Banking and Finance programme, Rivers State University of Science and Technology, 2015/2016 academic session. This assignment enabled me to contribute to development of academic standards in the University system.

 

 

 

OTHER ACTIVITIES IN THE UNIVERSITY OUTSIDE TEACHING AND RESEARCH COMMITMENTS (E.G. MEMBERSHIP OF COMMITTEES, ADMINISTRATIVE RESPONSIBILITIES HELD ETC.) 

  1. Coordinator, Graduate Studies Programmes, Dept of Finance and Banking, University of Port Harcourt, Jan. 2013-Jan. 2015.
  2. Coordinator, ACIB/BSc Linkage Programme, University of Port Harcourt, Jan. 2013-Jan. 2015.
  3. Board member, Graduate School of Management, Business and Trade, College of Graduate Studies, University of Port Harcourt, 2013 to 2014..
  4. Acting Head, Department of Finance and Banking, and Senate Member University of Port Harcourt, Jan. 24th, 2015 to Jan 23rd Jan. 2017.
  5. Associate Dean, faculty of Management Sciences, University of Port Harcourt, October 2016 to date.
  6. Faculty Representative in University Senate, October, 2016 to date.
  7. Chairman, Departmental M.Sc. (Finance) Programme Review Committee, 2012.
  8. Chairman, ACIB/B.Sc. Linkage Programme Review Committee, 2014.
  9. Chairman, Departmental NUC Accreditation Committee for B.Sc., MBA, M.Sc. and PhD Programmes, 2014.
  10. Chairman, Faculty  Committee for NUC Accreditations relating to Marketing, Management and Hospitality Management and Tourism Departments, 2016.
  11. Chairman, Faculty Committee on Investigation of irregularities in computation of Degree Results in Marketing Department, 2015.

 

EDITORSHIP OF ACADEMIC JOURNALS:

 

  1. Associate Editor, Journal of Management Sciences (Published by Faculty of Management Sciences, University of Port Harcourt), 2013 to date.

 

  1. Associate Editor, Nigerian Journal of Financial Research (Published by Dept of Finance and Banking, University of Port Harcourt), 2014 Jan. 2015.

 

  1. Editor-In-Chief, Nigerian Journal of Financial Research, (Published by Dept of Finance and banking, University of Port Harcourt, Jan. 2015 to 2017.

 

 

COMMUNITY SERVICE:

 

  1. Member, Knights of St. Christopher, Church of Nigeria (Anglican Communion) and Joint Council of Knights, Nigeria.
  2. Member, Advisory Board, Nando Development Union, Aba Branch.

 

ACADEMIC PUBLICATIONS:

 

1.       JOURNAL PUBLICATIONS

 

  1. FOREIGN JOURNAL PUBLICATIONS

 

  1. Nnamdi, I. S., Akinpelumi, F. O.and Onugha, P. (2018). Public Sector Human and Material Capital Investments in Nigeria’s Economic Growth Process: Evidence and Insights, European Journal of Business and Management, 10(6), 92-103.
  2. Nnamdi, I. S. and Eniekezimene, D. (2018). Foreign Direct Investment Inflows And Economic Performance In A Developing Economy: Nigerian Evidence, European Journal of Business and Management, 10(6), 104-113.
  3. Nnamdi, I. S. and Penu, S. L. (2018). How Far Do Banks’ Intermediation Functions Influence Economic Growth In Nigeria? Research Journal of Finance and Accounting, 9(4), 155-165.
  4. Nnamdi, I. S. and Eniekezimene, D. (2018). A Predictive Model for Nigeria’s External Debt: New Evidence And Insights, Journal of Economics and Sustainable Development, 9(4), 155-164.
  5. Nnamdi, I. S. and Eniekezimene, D. (2018). Microcredit Operations and Human Development Nexus in Nigeria: A Multi-Sectoral Analysis, Journal of Poverty, Investment and Development, 42, 51-62.
  6. Nnamdi, I.S. and Boufini, T. (2017). How Far Do Nigerian Capital and Money Markets Promote Each Other in the Economic Growth Process? Journal of Economics and Sustainable Development, 8(15), 18-24.

 

  1. Nnamdi, I.S., Umar, M.E. and Akinpelumi, O.F. (2017). Financial Market Funds in Nigeria’s Economic Progress: Evidence and Insights from the Manufacturing Sector, Journal of Economics and Sustainable Development, 8(15), 1-10.

 

  1. Nnamdi, I.S. (2015). Stock Market Performance, Bank Credits and Economic Growth in Nigeria: A Granger Causality Perspective, Research Journal of Finance and Accounting, 6(22), 171 – 181.

 

  1. Nnamdi, I.S. (2015). Private Vs Public Sector Bank Credits and Economic Growth Nexus in Nigeria: Where Does Efficacy Rest? Research Journal of Finance and Accounting, 6(3), 226 – 237.

 

  1. Nnamdi, I.S. (2015). Financial Markets’ Funds and Economic Growth Nexus in Nigeria: A Co integration Perspective with Lessons, European Journal of Business and Management, 7(2), 191 – 202.

 

  1. Nnamdi, I.S. and Nwiyordee, A.N. (2014). Private Sector Microcredit Programmes, Financial Inclusion and Sectoral Entrepreneurship: Evidence and Insights from Nigeria, European Journal of Business and Management, 6(35), 204 – 214.

 

  1. Nnamdi, I.S. and Onoh, U.A. (2014). The Causal Influence of Nigeria’s Stock Market Performance on New Issues: An Empirical Examination of Bhole’s Contentions, European Journal of Business and Management, 6(26), 190 – 198.

 

  1. Nwakanma, P.C., Nnamdi, I.S. and Omojefe, G.O. (2014). From Rural to Microfinance Banking: Contributions of Micro credits to Nigeria’s Economic Growth- An ARDL Approach, International Journal of Financial Research, 5 (3), 73 – 85.

 

  1. Nwakanma, P.C., Nnamdi, I.S. and Omojefe, G.O. (2014). Bank Credits to the Private Sector: Potency and Relevance in Nigeria’s Economic Growth Process, Accounting and Finance Research, 3(2), 23 – 35.

 

  1. Nwakanma, P.C. and Nnamdi, I.S. (2012). Corporate Sectoral Investments and Economic Growth in Nigeria: Evidence from the Capital Market, Journal of Business Administration Research, 1(2) 99 – 109.

 

  1. Akujiobi, A.B.C. and Nnamdi, I.S. (2010). Earnings – Dividend Relationship in Corporate Nigeria: A Test of Predictive Efficacy, African Research Review, 4(17), 573 – 583.

 

 

  1. LOCAL (NIGERIAN) JOURNAL PUBLICATIONS

 

  1. Nnamdi, I. S., Ogunbiyi, S. S. and Ebirim, M. (2016). Transition to a Consolidated Banking Framework in Nigeria: A Comparative Analysis of Predictive Potentials, Nigerian Journal of Financial Research,11(1), 26-38.
  2. Nwinee, B. F., Olulu-Briggs, O. V. and Nnamdi, I. S. (2016). Determinants of Exchange Rate Volatility in Nigeria: An Empirical Review, Nigerian Journal of Financial Research,11(1), 1-9.
  3. Nnamdi, I.S. and Penu, S.L. (2017). Money Market Investments in Nigeria’s Dynamic Economy: Lessons and Implications, Federal University Otuoke Quarterly Journal of Contemporary Research, 5(1), 121-134.

 

  1. Nnamdi, I.S. and Akinpelumi, F.O. (2016). How Far Do Sectoral Entrepreneurship Contributions to Nigeria’s Economic Growth Influence Disbursement of Microcredits? An Evaluation, Hezekiah University Journal of Management and Social Sciences, 4(1), 13-26.

 

  1. Nnamdi, I.S. and Saborogha, U.B. (2016). Domestic Debts and Public Capital Expenditures in Nigeria: A Multi-Variate Analysis, African Social and Educational Journal (Nigerian Edition), 5(2) 59-69.

 

  1. Nnamdi, I.S. and Akinpelumi, F.O. (2016). Tax Revenues and Economic Growth Nexus in Nigeria: Anomaly or Divergence? African Social and Educational Journal (Nigerian Edition), 5(2), 98-108.     

 

  1. Nnamdi, I.S. and Bulo, D.C. (2016). What Extent Does Dividend Policy Provide Avenue for Attraction of Fresh Funds in Nigeria’s Brewery Sector? West African Journal of Business and Management Sciences 5 (1), 126 – 138.

 

  1. Nnamdi, I.S. and Akinpelumi, O.F. (2016). Examination of Economic Performance within a Liberalized Trade Environment: Nigerian Evidence, West African Journal of Business and Management Sciences 5(1), 1 – 17.

 

  1. Nnamdi, I.S. and Torbira, L.L. (2016). Public Debt Analysis and Economic Performance: What Lessons for Nigeria? Rhema University Journal of Management and Social Sciences 3(2), 149 – 169.

 

  1. Nnamdi, I.S. and Torbira, L.L. (2016). Leveraging Nigeria’s Economic Growth: Conventional or Microcredits? African Social and Educational Journal, (Nigerian Edition), 5(1), 284 – 299.

 

  1. Nnamdi, I.S. and Olulu-Briggs, O.V. (2016). Capital Inflows, Fiscal Dynamics and Real Exchange Rates in Nigeria, African Social and Educational Journal, (Nigerian Edition), 5(1), 155 – 167.

 

  1. Nnamdi, I.S. and Olulu-Briggs, O.V. (2015). Corporate Valuation within the Nigerian Environment: A Re-examination of Bhattacharyya’s Bird-in-hand Argument, Hezekiah University Journal of Management & Social Sciences 3(1), 268 – 281.

 

  1. Nnamdi, I.S and Onyemaechi, P.T. (2015). Macroeconomic Determinants of Foreign Capital Flows in Nigeria, Hezekiah University Journal of Management & Social Sciences 3(1) 212 – 224.

 

  1. Nnamdi, I.S. and Torbira, L.L. (2015). Microcredits in Nigeria’s Economic Growth Process: A Multi-Sectoral Analysis, Nigerian Journal of Financial Research, 10(1), 1- 14.

 

  1. Torbira, L.L. and Nnamdi, I.S. (2015). Detecting the Response of Banks’ Financial Performance to CBN Liquidity Management Measures, Nigerian Journal of Financial Research, 10(1), 26- 39.

 

  1. Nnamdi, I.S. and Mgbataogu, I.S. (2015). Banks Deposits and Demand for Credits in Nigeria: What Lessons are Available? Journal of Accounting and Finance Management, 1(8), 11 – 22.

 

  1. Nnamdi, I.S. and Ibe, R.C. (2015). Oil Price Volatility and Stock Market Returns: The Nigerian Evidence, West African Journal of Business and Management Sciences, 4(3), 91 – 102.

 

  1. Nnamdi, I.S. and Mgbataogu, I.S. (2015). Stock Price Determinants within a Dynamic Macroeconomic Environment: Nigerian Evidence, West African Journal of Business and Management Sciences 4(2), 253 – 266.

 

  1. Nnamdi, I.S. and Dibia S. (2014). Export Structure and Economic Growth in Nigeria: A Re-Examination of the Evidence via Co integration, West African Journal of Business and Management Sciences, (Nigerian Edition), 3(2A), 119 – 136.

 

  1. Nnamdi, I.S. (2013). Stock Market Performance Indicators and Economic Growth in Nigeria: A Causality Perspective, Journal of Business and Value Creation, 2(1), 79 – 92.

 

  1. Nwakanma, P.C. and Nnamdi, I.S. (2011). Frauds and Destabilization of Financial Services Industry: The Case of Nigerian Banking Sector, Trend Journal of Management and Social Sciences, 4(4), 17 – 27.

 

  1. Nwakanma, P.C. and Nnamdi, I.S. (2011). Public Debt: Structure and Influence on Nigeria’s Economic Performance, Nigerian Journal of Financial Research, 8(1), 1 – 22.

 

  1. Nnamdi, I.S. and Omojefe, G.O. (2009). A Predictive Model for Nigeria’s External Debt: A Revisit, Journal of Finance, Banking and Investment, 3(1), 131 – 139.

 

  1. Nnamdi, I.S. (2009). A Virile Commodity Exchange and Futures Market for Nigeria: Good Intentions and Hard Realities, Nigerian Journal of Financial Research, 7(1&2), 54 – 69.

 

  1. Osiegbu, P.I. and Nnamdi, I.S. (2008). Efficacy of Central Bank’s Credit Regulations in the Banking System of A Developing Economy: Evidence from Nigeria, Nigerian Journal of Financial Research, 6(1), 65 – 86.

 

  1. Nnamdi, I.S. (2008). Export Trade and External Performance of Nigeria’s Economy: A Case for Non-Oil Exports, Nigerian Journal of Economic and Financial Research 2(1), 26 – 41.

 

  1. Nnamdi, I.S. (2008). Savings – Interest Sensitivity in Nigeria: Implications for Policy, Profitability and Marketing of Financial Services, The Nigerian Journal of Financial Research, 5(1), 31 – 40.

 

  1. Nnamdi, I.S. (2007). Deposit Structure, Lending Rates and Risk Asset Creation in the Nigerian Banking System, Nigerian Journal of Economic and Financial Research, 1(2), 50 – 60.

 

 

 

  1.  

 

Nnamdi, I.S. (2011). Marketing of Financial Services Products in Nwinee, B.F. (ed), Banking Laws and Regulations: A Synoptic Guide for Students and Practitioners in Nigeria, Port Harcourt: University of Port Harcourt Press, 287 – 301.

 

COURSES TAUGHT BY DR I. S. NNAMDI 2005 TO DATE:

S/N

COURSE TITLE(S)

LEVEL(S)

1

Financial Management

BSc, Bed, Post NCE

2

Advanced Corporation Finance

MBA, MSc.

3

Marketing Of Financial Services

BSc

4

Project Evaluation

BSc

5

Investment Analysis and Port Folio Management

PGD, MBA, MSc

6

Public Finance

BSc

7

Financial Policy

BSc, MSc

8

Banking Methods and Practice

BSc

9

Project Supervision

BSc, MBA, MSc

10

Banking Laws and Regulations

BSc

11

Mathematics of Finance

BSc

12

Entrepreneurship Development

BSc

13

Development Finance

MSc

14

Mergers and Acquisitions

BSc

15

Financial Management % Strategy

MBA, MSc

16

Money and Banking

BSc

17

Banking Theory and Management

MSc

18

Seminar in Finance

MBA

19

Advanced Portfolio Theory and Management

PhD

20

Issues in Securities Evaluation

PhD

21

Issues in Portfolio Theory

PhD

22

Corporate Financial Management and Policy

DBA

23

Bank Credits and Administration

DBA

24

PhD Seminar I in Banking

PhD

25

PhD Seminar II in Finance

PhD

26

Empirical Investigations in Banking

PhD

 

AREAS OF INTEREST:

Financial Management, Investment Analysis and Management, Corporate Finance, Bank Management and Financial Services, Micro Credit Operations.

 

MEMBERSHIP OF LEARNED/PROFESSIONAL ASSOCIATIONS:

1. Chartered Institute of Financial and Investment Analysts, Nigeria.

2. Chartered Institute of Bankers, Nigeria.

 

CONTRIBUTIONS TO KNOWLEDGE AND INTERNATIONAL RECOGNITION OF MY RESEARCH WORKS:

 

Deriving from my exposure to theory in academics and practice/professional experience for seventeen (17) years (1988 - 2004) in the Nigerian banking industry, my key interest in research is to evaluate the extent to which empirical results agree and/or disagree with theoretical expectations and the policy implications of such results for corporate and/or national economic progress. In this perspective my publications have always stressed policy implications and also, the extent to which received western theories may not be of relevant application in Nigeria’s financial framework, hence, the need for available options implicated by recent developments in the financial services industry. In this respect, my publications have attracted periodic comments and attention including that of a reputable foreign publisher – LAMBERT ACADEMIC PUBLISHING, GERMANY, who has through a letter dated 29th May, 2017, particularly commended one of my publications – Stock Price Determinants Within a Dynamic Macroeconomic Environment: Nigerian Evidence, and consequently offered to publish our other publications (Thesis and Monographs) free of charge and also, provide us with part of the proceeds.

 

SUMMARY OF ACADEMIC PUBLICATIONS BY DR. I.S. NNAMDI (JOURNAL ARTICLES AND BOOK CHAPTER CONTRIBUTION) FOR SCORING.

 

JOURNAL PUBLICATIONS

  1. FOREIGN PUBLICATIONS

S/N

AUTHOR(S) YEAR

TITLE OF PUBLICATION

DESCRIPTION/ SUMMARY

1.

Nnamdi, I. S., Akinpelumi, F. O.and Onugha, P. (2018).

Public Sector Human and Material Capital Investments in Nigeria’s Economic Growth Process: Evidence and Insights, European Journal of Business and Management, 10(6), 92-103.

Motivated by the need to ascertain the nature of predictive relationships between government capital expenditures (human and material) and economic growth in Nigeria, this study employs secondary data sourced from Central Bank of Nigeria's Statistical Bulletin over the period 1981 to 2016 (36 years). Statistical techniques employed include Stationarity, Multiple Regression (OLS), Johansen's Co-integration, Error Correction and Granger Causality tests to evaluate the nature of short and long-run relationships that prevail, as well as the extent to which the variables of study do promote themselves in the growth process. Both the short-run (multiple regression) and long run (Error Correction) analyses confirm significant sensitivities and long run relationships between Nigeria’s GDP and public sector material and human capital investments. However, the Granger Causality results provide substantial evidence to assert the prevalence of a significant disconnect between government's material and human capital expenditures and economic growth as they all fail to promote one another. Accordingly, the study concludes that governments' planned expenditures are not in-tandem with the nation's economic growth in Nigeria. Consequently, the study recommends that to achieve a greater level of coherence in Nigeria's government expenditures, the following measures need to be taken; (i) Successive administrations must incorporate all previous and uncompleted projects by previous regimes in their current plans for execution in order to minimize large scale prevalence of white elephant projects (uncompleted and abandoned projects) by successive regimes. (ii) Policy summersaults and inconsistencies must hence forth, be avoided by successive governments in Nigeria (iii) Strict adherence to budgetary and fiscal discipline as well as consistency of timing of commencement of annual budget implementations must prevail to avert further wastes in values of public funds and programmes.

2.

Nnamdi, I. S. and Eniekezimene, D. (2018).

Foreign Direct Investment Inflows And Economic Performance In A Developing Economy: Nigerian Evidence, European Journal of Business and Management, 10(6), 104-113.

Motivated by the need for a classified and comparative analysis of the effects of oil related and non-oil related foreign direct investments on Nigeria’s economic growth, this study evaluates secondary data obtained from Central Bank of Nigeria's Statistical Bulletin over the period 1981 to 2016 (36 years). Statistical techniques, which include Stationarity, Multiple Regression, Johansen's Co-integration, Error Correction Estimations and Granger Causality tests, were employed to evaluate the prevailing inter-relationships as well as the extent to which these classified foreign direct investment inflows do promote, and/or support Nigeria's economic growth. On the whole, the results of this study show that irrespective of the prevalence of significant long run relationship among the study variables, both the short and long run estimations as indicated by the multiple regression and error correction estimates, provide compelling evidences of significant sensitivities of Nigeria’s economy to only variations in non-oil related FDI inflows. However, the Granger Causality test results indicate significant prevalence of two unidirectional causalities between Nigeria’s GDP and both oil and non-oil related FDI inflows with Causality flowing from oil and non-oil related FDI to the GDP in both cases. Because of the greater sensitivity of Nigeria’s GDP to non-oil related FDI inflows compared to oil related FDI inflows, the study concludes that non-oil related FDI inflows are more beneficial to Nigeria's economy compared to oil related FDI inflows. Consequently, it is recommended that both Nigeria's private sector entrepreneurs and the government should make further efforts to market and attract more foreign direct investors in the non-oil related sector of the Nigerian economy in order to maximize business opportunities in the non-oil sector of Nigeria’s economy as well as aid diversification in Nigeria’s economy.

3.

Nnamdi, I. S. and Penu, S. L. (2018).

How Far Do Banks’ Intermediation Functions Influence Economic Growth in Nigeria? Research Journal of Finance and Accounting, 9(4), 155-165.

Motivated by the need to examine in the light of recent data, the nature of interrelationships between banks’ intermediation functions and Nigeria’s economic growth, this study employs time series data which were obtained from Central Bank of Nigeria’s Statistical Bulletin over the period 1981 to 2015. Stationarity, Multiple Regression, Johansen’s Cointegration, Error Correction Estimates and Pair-Wise Granger Causality tests were employed. The long run results represent improvements over the short-run estimates with credit to private sector and total deposit liabilities generated by Nigerian banks being causally dependent on her GDP, while credit to government sector was found to be operating independent of the economy. In the light of the fact that the results represent an improvement over previous studies, it was argued that greater adherence to market discipline Post 2005/06 Banking Sector Consolidation programme in Nigeria might have contributed to the improved results. Consequently, the study recommends sustenance of those adopted market disciplines, as well as more stringent enforcement of credit contracts to enable the operating banks recover more non-performing credits and invest same to enhance lendings to very efficient units in the private and public sectors of the Nigerian economy.

4.

Nnamdi, I. S. and Eniekezimene, D. (2018).

A Predictive Model For Nigeria’s External Debt: New Evidence And Insights, Journal of Economics and Sustainable Development, 9(4), 155-164.

Motivated by the urge to search for improved prediction of the prevailing empirical interrelationships between Nigeria’s external debt and the acclaimed primary causants from received literature (productivity index, inflation rate, foreign reserves, population and balance of payment on current account), this study builds on the earlier studies of Isu (1997) as well as Nnamdi and Omojefe (2009). Secondary data was obtained from Central Bank of Nigeria's Statistical Bulletin over the period 1986 to 2016. Stationarity, Multiple Regression, Johansen's Cointegration, Error Correction and Granger Causality tests were employed in processing the obtained data on incremental/change basis. The results obtained represent obvious improvements on earlier studies of Isu (1997) as well as Nnamdi and Omojefe (2009). They provide evidence that in the short run, inflation rate and population are significant predictive variables for Nigeria's external debt. The long run analysis reveals that inflation rate, foreign reserves and balance of payment on current account are reliable predictors of Nigeria's external debt. Further, inflation rate and Nigeria's balance of payment on current account are found to be significantly promoted by Nigeria's external debt. The study concludes that combined, inflation rate, balance of payment on current account, foreign reserves, and population constitute reliable predictors of Nigeria's external debt depending on whether short or long run perspective is taken. On the whole, it is recommended that Nigeria’s Central Bank should address anti-inflationary measures, while the government should step up campaign efforts towards population control. Intensified diversification of the economy through increased private sector participation in non-oil related businesses is strongly recommended in order to boost Nigeria's export earnings, external reserves and balance of payment positions.

5.

Nnamdi, I. S. and Eniekezimene, D. (2018).

Microcredit Operations and Human Development Nexus in Nigeria: A Multi-Sectoral Analysis, Journal of Poverty, Investment and Development, 42, 51-62.

Motivated by the need to evaluate the extent to which microcredits disbursed to classified sectors of economic activity as utilized by the active poor do influence Nigeria’s human development index in both the short and long run, this study employs published data obtained from Central Bank of Nigeria over the period 1992 to 2016 (25 years). Estimation techniques involving Stationarity, Multiple Regression, Johansen’s Cointegration and Vector Error Correction tests were employed. While the Cointegration results indicate significant long run relationship among the study variables, the Multiple Regression and Vector Error Correction estimates both point to microcredits allocated to mining/quarrying, real estate/construction and transport/general commerce sectors as the sectoral microcredits that significantly influence Nigeria’s human development index both in the short and long terms respectively. The study concludes that microcredits allocated to mining/quarrying, real estate/construction and transport/general commerce are the sectoral microcredit allocations which are important in predicting Nigeria’s human development index. On the whole, it is recommended that (i) operating microcredit institutions should increase their quantum of lending to the mining/quarrying, real estate/construction and transport/general commerce sectors (ii) Nigerian microcredit institutions should be encouraged to invest more in development of microcredit and deposit products in order to enhance their sectoral lendings and consequently Nigeria’s human development index.

 

6.

Nnamdi, I.S. and Boufini, T. (2017).

How Far Do Nigerian Capital and Money Markets Promote Each Other in the Economic Growth Process? Journal of Economics and Sustainable Development, 8(15), 18-24.

 

This study evaluates the extent to which the Nigerian Capital and Money Markets support and promote themselves in the growth process. Employing data, which covers the period 1981 to 2015 and sourced from Central Bank of Nigeria’s Statistical Bulletin, this study employs Stationarity and Granger Causality techniques.

The results provide substantial evidence to confirm the prevalence of substantial bi-directional causality between money and capital market operations in Nigeria. Consequently, the study recommends for more professionalism,

disclosure of information and enhanced public enlightenment to ensure the prevalence and superiority of market forces within the Nigerian environment. Further recommended is intensified product development by participating institutions to enhance the level of intermediation in the Nigerian financial markets.

7.

Nnamdi, I.S., Umar, M.E. and Akinpelumi, O.F. (2017).

Financial Market Funds In Nigeria’s Economic Progress: Evidence and Insights from the Manufacturing Sector, Journal of Economics and Sustainable Development, 8(15), 1-10.

Given the need for the financial markets to continuously provide both long and short-term funds required by the manufacturing sector in an economy, this study seeks to ascertain the extent to which Nigeria's manufacturing sector is influenced by the classified financial market funds over the period 1981 to 2015. Secondary data was sourced from the Statistical Bulletin of the Central Bank of Nigeria and processed through the employment of statistical techniques, which include Multiple Regression, Stationarity, Johansen Co-integration, Error Correction and Granger Causality. The results provide evidence of valuable short and long-run interrelationships between contributions of the manufacturing sector to Nigeria's gross domestic product and three out of the four components of capital and money market funds employed in the study. Further, the Granger Causality results indicate two (2) unidirectional causalities which flow from manufacturing sector's output to (i) bank credits to the private sector and (ii) government securities. The study concludes that (i) most of the financial market components largely operate independent of the Nigeria's manufacturing sector, and (ii) where there is any significant relationship at all, the financial market components largely tend to be dependent on the manufacturing sectors operations. On the whole, it is recommended that (i) deposit money banks should set aside a minimum of 20 percent of their loanable funds for on-lending to the manufacturing sector which scheme should be wholly guaranteed by the Central Bank of Nigeria in order to boost the operations of Nigeria’s manufacturing sector, (ii) the state should invest more in infrastructural facilities development in order to reduce cost of production in Nigeria’s manufacturing sector. These will hopefully enhance the contribution of the sector to Nigeria's GDP.

8.

Nnamdi, I. S. (2015)

Stock Market Performance, Bank Credits and Economic Growth in Nigeria: A Granger Causality Perspective, Research Journal of Finance and Accounting 6(22), 171 – 181. New York, United States/London, United Kingdom. (www.iiste.org) ISSN 2222-1697 (Paper); ISSN 2222-2847 (Online) 

Given growing interest in the functioning of the broad segments of the financial markets and their interrelationships with the economy, this study consequently, evaluates the extent and directions in which the key variables of stock market capitalization, bank credits and economic growth do promote and/or support themselves in Nigeria. The Augmented Dickey-Fuller (ADF) and Standard Granger Causality tests were executed on employment of secondary data sourced from the Central Bank of Nigeria and Nigerian Stock Exchange over the period 1971 – 2012 (42 years). The results confirm evidence of a significant unidirectional causality which runs from stock market capitalization to bank credits among all the paired variables. Consequently, the study recommends intensified efforts in the development of financial market products, further relaxation of stock market requirements for corporate quotation and securities listing as well as enhanced enforcement of legal contracts to strengthen the operations of financial market institutions and practice in Nigeria.

9.

Nnamdi, I. S. (2015)

Private Vs Public Sector Bank Credits and Economic Growth Nexus in Nigeria: Where Does Efficacy Rest? Research Journal of Finance and Accounting, 6(3), 226-237, New York, United States/London, United Kingdom. (www.iiste.org) ISSN 2222-1697 (Paper); ISSN 2222-2847 (Online)

Demetriades and Hussien (1996), Levine and Zervous (1998) as well as Crowley (2008) argue that bank credits allocated to the private sector of an economy are more productive than those allocated to the public sector because they are disbursed under more stringent credit conditions. This study basically, attempts to evaluate the comparative efficacies of bank credits allocated to the private and public sectors of Nigeria’s economy in relation to economic growth. The Augmented Dickey-Fuller (ADF), Johansen’s Co-integration, Error Correction Model and Standard Granger Causality tests were employed in processing the data sourced from Central Bank of Nigeria’s Statistical Bulletin over the period of thirty one years. The results reveal a significant long run relationship between credits allocated to the public and private sectors of Nigeria’s economy and GDP. The Granger Causality tests indicate significant bi-directional causality only between credits to the private and public (government) sectors. Significant Unidirectional Causalities are observed between GDP and credits to both private and public sectors with Causality flowing from GDP to each of these sectors. The study concludes that irrespective of the prevailing long run relationship between Nigeria’s GDP and bank credits to both private and public sectors of the economy, that (i) Nigerian banks largely play demand – following roles, (ii) None of the bank credits to the government and private sectors is efficient as they largely fail to promote the economy. Measures including creation of more capital market debt products, which will enable the government source more long term development funds and reduce pressure on operating banks as well as replication of this study in other economic settings to facilitate understanding of country specifics are recommended for implementation.

10.

Nnamdi, I. S. (2015)

Financial Market Funds and Economic Growth Nexus in Nigeria: A Co-integration Perspective with Lessons, European Journal of Business and Management, 7(2), 191 –202, New York, United States/London, United Kingdom. (www.iiste.org) ISSN: 2222-1905 (Paper); ISSN: 2222-2839 (Online)

Informed by the need to evaluate the prevailing interrelationships between the structure of financial market funds and Nigeria’s economic growth, this study employs secondary data sourced from the Central Bank of Nigeria, Nigerian Stock Exchange and National Bureau of Statistics over a period of thirty one years. The Augmented Dickey-Fuller (ADF), Johansen’s Co-integration, Error Correction Model (ECM) and Granger Causality tests were executed. The results indicate significant long run relationship between Nigeria’s GDP and the study’s financial market components, (government securities, bonds, equities and bank credits to the private sector). The error correction model indicates a coefficient of determination (R2) of 69.08%, with an f-statistic value of 699.63 which is significant at 0.00 level. The Granger Causality results indicate bi-directional causalities between GDP and government securities, equities and bonds as well as bonds and credit to the private sector. However, unidirectional causalities are observed between bonds and GDP, equity and GDP, bonds and government securities, credit to private sector and government securities as well as equity and credits to private sector. For The observed Uni-directional Causalities, Causality flows from GDP to bonds, bonds to government securities, government securities to credits to the private sector and also, from equity to credits to private sector. No significant causalities are observed between bank credit to private sector and GDP as well as between equity and government Securities. The study concludes that: (i) Majority of the financial market sectors largely exist to service the economy (demand-following) in place of supply-leading roles; (ii) There prevails a significant level of disconnect between government and private sector programmes in Nigeria as indicated by the insignificant causality between equity and government securities as well as between GDP and bank credits to the private sector. Urgent policy actions to curtail the observed disconnects are recommended to enable the financial market components function coherently and play more creative roles in the economy.    

     

11.

Nnamdi, I.S. and Nwiyordee, A.N. (2014)

Private Sector Micro Credit Programmes, Financial Inclusion and Sectoral Entrepreneurships: Evidence and Insights from Nigeria, European Journal of Business and Management, 6(35), 204-214, New York, United States/London, United Kingdom. (www.iiste.org) ISSN 2222-1905 (Paper); ISSN 2222-2839 (Online)  

Given growing interest in microcredit operations especially in the developing economies and the need to investigate the varied interrelationships between Sectoral micro credit operations and economic growth of nations, this study examines the nature and direction of causal relationships that prevail between classified sectoral micro credit allocations and sectorally classified entrepreneurship contributions to Nigeria’s economic growth. Secondary data were sources from Central Bank of Nigeria covering the period 1992 to 2011. Augmented Dickey-Fuller (ADF) and standard Granger Causality techniques were employed in processing the data. The results of the study show that the time series variables are stationary. Out of the five classified sectors of economic activity – agriculture/forestry, other mining/quarrying, manufacturing/food processing, real estate/construction and transport/commerce, significant uni-directional causality only prevails in the other mining/quarrying sector with causality running from contributions of other mining/quarrying in Nigeria’s GDP to micro credit allocations to that sector. The rest other sectors failed the causality test at 0.05 level, although transport/commerce sector records a near significance level of 0.055. The study concludes that; (i) In the sectors where micro credit operations have become significant and/or near significant, they only function to service rather than promote entrepreneurial activities; (ii) For majority of the sectors, entrepreneurship ventures are largely independent of micro credit institutions’ operations. Consequently, the study recommends diversified product development and intensified marketing of micro credit products on the part of the participating micro credit institutions.  Further recommended is that the government should, through all legal and institutional means, strengthen the enforcement of credit contracts in general and micro credit operations in particular. This measure is justified in order to minimize the incidence of delinquent credit exposures, guarantee continued micro credit operations and long run survival of micro credit operating institutions in Nigeria.               

12.

Nnamdi, I.S. and Onoh, U.A. (2014)

The Causal Influence of Nigeria’s Stock Market Performance on New Issues: An Empirical Examination of Bhole’s Contentions, European Journal of Business and management, 6(26), 190-198, New York, United States and London, United Kingdom. (www.iiste.org) ISSN 2222-1905 (Paper); ISSN 2222-2839 (Online)

Bhole (2006) contends that the bulk of recent studies, including World Bank publications overwhelmingly, stress the role of the stock market in maximizing speculative returns for investors and corporate operators, while completely side tracking the vital issue of the extent to which the stock market at the other extreme, also helps the corporate sector in raising fresh capital (New Issues). This study examines consequently, the nature and direction of prevailing causal relationships between Nigeria’s Stock market annual capitalization and new issues in order to evaluate the extent to which capital market performance empirically promotes corporate issuance of new securities in Nigeria. The Unit Root and Standard Granger Causality tests were executed on employment of data sourced from Nigerian Stock Exchange over the period of 1970 to 2011 (42 yrs). The results indicate stationarity of the time series data and significant bi-directional causality between stock market capitalization and new issues thus, providing strong evidence in support of Bhole’s contentions with respect to Nigerian data. Replication of this study in every market setting is strongly recommended in order to understand country specifics and confirm the extent to which Bhole’s valid theoretical contentions are empirically supported and/or contradicted in each circumstance.       

13.

Nwakanma, P.C., Nnamdi, I.S. and Omojefe, G.O. (2014)

From Rural to Micro Finance Banking: Contributions of Micro Credits to Nigeria’s Economic Growth – An ARDL Approach, International Journal of Financial Research, 5(3), 73-85, Sciedu Press, Canada. (www.sciedu.ca/ijfr) ISSN 1923-4023 (Print); ISSN 1923-4031 (Online) 

Given current emphasis on potentials of micro credits as a means of addressing poverty alleviation and improved economic growth especially in developing economies, this study seeks to evaluate the nature of long-run relationship and the direction of causality between economic growth and micro credits disbursed by private sector-led micro credit institutions in Nigeria. Covering the period 1982-2011 (30 years), the Auto Regressive Distribution Lag Bound (ARDL) technique was employed in analyzing the time series data. The study finds a significant long run relationship between Nigeria’s GDP and disbursed micro credits, while causality runs from GDP to micro credits (Unidirectional). Accordingly, increase in quantum of micro credits as well as development of long  tenured micro credit products are recommended as strategies to enhance the contributions of micro credits to Nigeria’s economic growth.    

14.

Nwakanma, P.C., Nnamdi, I.S. and Omojefe, G.O. (2014)

Bank Credits to the Private Sector: Potency and Relevance in Nigeria’s Economic Growth Process, Accounting and Finance Research, 3(2), 23-35, Sciedu Press, Canada. (www.sciedu.ca/afr) ISSN 1927-5986 (Print); ISSN 1927-5994 (Online)

This study aims at evaluating the nature of long run relationship prevailing between bank credits to the private sector of Nigeria’s economy and the nation’s economic growth as well as the directions of causality between them. Covering the period 1981 to 2011 (31 years), the Auto Regressive Distributed Lag Bound and Granger Causality techniques were employed. The results indicate significant long run relationship between the study variables but without significant causality in any direction. Measures including development of relatively long tenured bank credit products as well as enforcement of credit regularization contracts are recommended in order to strengthen the operations of micro credit operations in Nigeria and their expected roles in financing entrepreneurship 

15.

Nwakanma, P.C. and Nnamdi, I.S. (2012)

Corporate Sectoral Investments and Economic Growth In Nigeria: Evidence from the Capital Market, Journal of Business Administration Research, 1(2), 99-109, Sciedu Press, Canada. (www.sciedu.ca/jbar) ISSN 1927-9507 (Print); ISSN 1927-9515 (Online)

This study aims at articulating an empirical basis for prioritizing corporate sectoral investments in the Nigerian capital market and also, evaluating the extent to which, market capitalization of the Nigerian Stock Exchange reflects the net sectoral investments of corporate organizations quoted therein. Covering the period 1984 to 2009 (26 years), the study population consists of all the thirty (30) classified sectors of the market, while the study sample is made up of eighteen (18) sectors with operational activities over the period of study. Multiple correlation and step wise regression techniques were utilized and the relevant hypotheses tested at 0.05 level of significance. The F-test and F-change tests were employed. The results establish a significant multiple correlation between the Nigerian Stock Exchange market capitalization and corporate net sectoral investments. Net corporate investments in four (4) sectors of capital market activity (petroleum marketing, building materials, packaging and banking), are found to significantly contribute to variations in Nigeria’s GDP. The study recommends that these four sectors should continually enhance their capitalizations to facilitate further investments and also, engage in product diversification. Further, the banking sector is recommended to adopt sectoral contributions to the GDP as one of the plausible criteria for lending decisions, while a resolution of an optimal portfolio for sectoral investments in the Nigerian capital market is recommended as an issue arising from this study for further investigation/research.         

16.

Akukuiobi, A.B.C. and Nnamdi, I.S. (2010)

Earnings – Dividend Relationship in Corporate Nigeria: A Test of Predictive Efficacy, African Research Review, 4(17), 573-583, Ethiopia, (www.afrrevjo.com) ISSN: 1994-9054 (Print);ISSN: 2070-0083 (Online)

Prompted by the need for evaluation of empirical relationship between corporate net earnings and dividend payouts of quoted Nigerian firms, as well as a search for strong predictive model for this relationship, this study evaluates the predictive efficacies of current and one-year lagged earnings models among Nigerian quoted firms. Applying the ordinary least squares regression technique on one hundred and four (104) firms selected as the study sample, the results indicate that dividend payouts are relatively more sensitive to current earnings per share compared to past earnings per share. Further, the percentage change in dividend payouts attributable to changes in current earnings per share is found to be relatively higher than that attributable to changes in past earnings per share thus, providing evidence that current earnings model is relatively more effective in predicting the dividend payouts of Nigerian quoted firms. The study recommends strong information dissemination to all stakeholders in the Nigerian capital market in order to improve on market efficiency and potential benefits derivable from the market by all participants.      

 

 

 

 

 

 

 

  1. LOCAL (NIGERIAN) PUBLICATIONS

 

 

S/N

AUTHOR(S) YEAR

TITLE OF PUBLICATION

DESCRIPTION/ SUMMARY

1.

Nnamdi, I. S., Ogunbiyi, S. S. and Ebirim, M. (2016).

Transition to a Consolidated Banking Framework in Nigeria: A Comparative Analysis of Predictive Potentials, 11(1), 26-38.

Motivated by the relative death of empirical literature on the comparative nature of productive interrelationships prevailing between the earnings performance of Nigeria’s banking sector and the operational elements over the pre and post banking sector consolidation periods, this study employs secondary data sourced from Central Bank of Nigeria and Nigeria Deposit Insurance Corporation over an eighteen (18) year period, covering the pre and post banking sector consolidation periods in Nigeria. Stationarity, OLS and Granger Causality tests were employed to ascertain the extent to which banking sector earnings could be predicted from the operational elements of deposits, loans/advances and contingent liabilities and also, the extent to which these study elements do support and/or promote themselves in Nigeria’s growth process. The results indicate that the banking sector earnings within the pre-consolidation period were neither significantly related to, nor supported by the operation elements of loans/advances, deposits and contingent liabilities. However, the post-consolidation era results indicate significant improvements as both deposit and loan/advances significantly relates with earnings performance of Nigeria’s banking sector and also, significantly support/promote same. The study concludes that 2004/2005 banking sector consolidation programme in Nigeria has significantly improve the financial intermediation capacity of the banking sector and consequently recommend the following measures; (i) strengthening of on-site and off-site supervision of operating banks in Nigeria by the regulatory authorities to enhance compliance with guidelines, (ii) encouragement of banks to lend themselves to further consolidation in accordance with market dictates, (iii) development of more deposit and credit products by the product development unit of banks, which cost, should be tax deductible to enhance financial intermediation and (iv) enforcement of credit contracts by the state to minimize the incidence of delinquent credit and its resultant reductions of banks earnings through loans-loss provisions.

2.

Nwinee, B. F., Olulu-Briggs, O. V. and Nnamdi, I. S. (2016).

Determinants of Exchange Rate Volatility in Nigeria: An Empirical Review, 11(1), 1-9.

The objective of this research is to investigate empirically those factors that determine the movements in the exchange rate of the naira. Annual time series data from 1981-2014, given a total of 35 observations were sourced from the statistical database of the Central Bank of Nigeria. The eviews8 statistical software was employed to estimate the linearity and volatility of the series. The Unit Root results prove that all the series were stationary both at levels and in their first differences. Also, significant positive linear relationships exist between exchange rate and balance of payment deficit/surplus, interest rate, gross domestic product, but a significant negative linear relationship exist between exchange rate and inflation rate. This support the study’s expectation. From the GARCH (1, 1) volatility test, it was found that previous year’s exchange rate volatility influences current year’s exchange rate while previous years volatility in each of the exogenous variables cannot transmit to variability to exchange rate. Based on this, it is recommended that an exchange rate management system that is geared towards stabilizing the volatile exchange rate through participation in domestic production for export purposes be implemented. Also, there is need for the annulment of transactions being secured in dollars by nations within the domestic economy.

3.

Nnamdi, I.S. and Penu, S.L. (2017).

Money Market Investment in Nigeria’s Dynamic Economy: Lessons and Implications, Federal University Otuoke Quarterly Journal of Contemporary Research, 5(1), 121-134.

This study aims at examining the nature of prevailing interrelationships between Nigeria’s economic growth and money market operations. Secondary data were obtained from publications of Central Bank of Nigeria over the period 1960 to 2014. Application of Stationarity, Multiple Regression, Johansen’s Cointegration, error correction estimates and pair wise Granger Causality tests provide compelling facts to suggest that money markets operations do not only have significant short and long run relationships with economic activities in Nigeria, but also significantly promote and re-enforce same. In the light of the above, the study recommends that Central Bank of Nigeria should not only increase the number of dealing instruments in Nigeria’s Money Market, but should engage in wide publicity to drive further, public’s enhanced patronage of Nigeria’s Money Market products.

4.

Nnamdi, I.S. and Akinpelumi, F.O. (2016).

How Far Do Sectoral Entrepreneurship Contributions to Nigeria’s Economic Growth Influence Disbursement of Microcredits? An Evaluation, Hezekiah University Journal of Management and Social Sciences, 4(1), 13-26.

Motivated by the need to evaluate the prevailing interrelationships between microcredit operations and outputs in classified sectors of economic activity in Nigeria, this study employs data sourced from Central Bank of Nigeria’s Statistical Bulletin over the period 1992 to 2014. The Ordinary Least Squares (OLS) regression technique, Augmented Dickey Fuller, Johansen’s Cointegration, Error Estimation and Granger Causality tests were employed for analyses. Irrespective of the fact that the results provide evidence of valuable short and long run relationships between the study variables, there is however no evidence to confirm that economic activities in the classified sectors of Nigeria’s economy and microcredit institutions’ operations do reinforce themselves. On the whole, entrepreneurship activities in four out of five classified sectors of economic activity were found to promote microcredit institutions’ credit operations while the manufacturing and food processing sector appears to be significantly operating independent of microcredit institutions. Given the results of the study, it is concluded that Nigeria’s microcredit institutions as presently constituted largely operate in a demand following manner in respect to Agricultural/Forestry, Mining/Quarrying, Real Estates/Construction and Transport and Commerce sectors, while maintaining a Schumpeterian independent hypothesis posture in relation to the Manufacturing/Food Processing sector. Finally, the study recommends development of more relevant and sector-specific micro credits and deposit products to meet their sector specific needs and also enforcement of credit contracts to strengthen microcredit operations in Nigeria.

5.

Nnamdi, I.S. and Saborogha, U.B. (2016).

Domestic Debts and Public Capital Expenditures in Nigeria: A Multi-Variate Analysis, African Social and Educational Journal (Nigerian Edition) 5(2), 59-69.

Motivated by the need for empirical estimation of the nature of long run interrelationships between Nigeria’s domestic debt and classified public capital expenditures, this study employed the Augmented Dickey Fuller test, Johansen’s Cointegration, Error Correction Estimates and Pair Wise Granger Causality tests. Secondary data was sourced from Central Bank of Nigeria over the period 1980 to 2014. The results reveal stationary of the time series variables as well as a significant long run relationship between Nigeria’s domestic debt and classified capital expenditures. While public capital expenditure on economic services and transfers have significant long run influences on Nigeria’s domestic debt, the results further reveal that outstanding domestic debt and public capital expenditure on Administration tend to reinforce themselves in the same manner as public capital expenditure on Economic Services and outstanding domestic debt. Uni-directional causalities are however, observed to flow from public capital expenditure on Economic services to outstanding domestic debt and from outstanding domestic debt to public capital expenditure on Transfers. The study concludes that Nigerian government relies excessively on domestic borrowing to fund classified capital domestic operations and recommends a reversal of that trend by matching as much as possible, revenues and expenditures in order to curtail excessive growth in domestic debt profile.

 

6.

Nnamdi, I.S. and Akinpelumi, F.O. (2016).

Tax Revenues and Economic Growth Nexus in Nigeria: Anomaly or Divergence? African Social and Educational Journal (Nigerian Edition), 5(2), 98-108.

This study seeks to evaluate the prevailing levels of interrelationship between tax revenues and economic growth in Nigeria. It employs secondary data covering the period of 1981 to 2014 encompassing relevant tax revenue variables in accordance with Nigeria’s Federal Inland Revenue Services classifications (Petroleum Profit Tax, Company Income Tax, Personal Income Tax, Customs and Excise Duties and Value Added Tax) alongside Gross Domestic Product. To achieve the objective, the study employs Unit root, Ordinary Least Squares Regression, Johansen’s Cointegration, Error Correction Estimates and Granger Causality tests. Both the short and long run relationship analyses indicate that while Company Income Tax, Personal Income Tax and Value Added tax exhibit significant relationship with Nigeria’s economic growth, Petroleum Profit Tax and Custom and Excise Duties both fail the relationship test. On the other hand, the Causality results indicate an improvement as Nigeria’s Gross Domestic Product and Value Added Tax are found to reinforce themselves in the economic growth process. Further, significant levels of promotion and support are found emanating from each of Petroleum Profit Tax, Company Income Tax and Personal Income to Nigeria’s economic growth. Consequently, the study concludes against expectation that Petroleum and Custom and Excise Duties seemingly, the most potential tax revenue sources in Nigerian context do not significantly relate to Nigeria’s Gross Domestic Product (economic growth). In line with the prevailing results, this study recommends drastic and urge restructuring measures in the administration of Nigerian petroleum as well as customs and excise department as presently constituted. This could be significantly achieved by contracting out and/or commercializing their operations in order to minimize the prevailing level of leakages in the revenues which arise from obvious diversion of legitimate revenues that should for all intents and purposes, accrue to the government from the statutory operations of both the petroleum and customs and Excise Duties Department. 

7.

Nnamdi, I.S. and Bulo, D.C. (2016).

What Extent Does Dividend Policy Provide Avenue for Attraction of Fresh Funds in Nigeria’s Brewery Sector? West African Journal of Business and Management Sciences 5(1), 126 – 138

Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37989

This study evaluates the prevailing interrelationships between the issuance of new securities and dividend policies of brewery firms in Nigeria. Employed secondary data are as published by the Nigerian Stock Exchange (NSE) in the Facts Book over the period 1985 to 2012. Augmented Dickey-Fuller, (ADF), Johansen’s Cointegration, and Granger Causality Tests were applied. The results provide compelling evidence to conclude that there is no significant long run relationship between new issues and the study’s dividend policy elements- Payout Ratio (POR), and Retention Ratio (RR). The Granger Causality tests indicate that no significant causalities prevail between Payout Ratio, Retention Ratio and New Issue Ratio. Consistent with the results, the study concludes that Dividend Policies of Nigeria’s brewery sector are independent of new issues as they neither relate nor support themselves significantly in the corporate growth process. Consequently, the study recommends that corporate managers should realize that dividend payout is neither a significant sweetener nor a valuable corporate performance indicator for attraction of fresh funds in the Nigerian Brewery Sector. Rather, reliance should be placed more on employment of retained earnings for the purpose of funding corporate operations and expansion programmes in place of raising new issues given the relative profitability and stability of the brewery sector in Nigeria. 

8.

Nnamdi, I.S. and Akinpelumi, O.F. (2016)

Examination of Economic Performance within a Liberalized Trade Environment: Nigerian Evidence, West African Journal of Business and Management Sciences 5(1), 1 – 17

Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37989

This study seeks to evaluate the interrelationships between trade liberalization and economic performance in Nigeria. It covers the period of 1986 to 2014, and employs proxies which include Trade Openness, Financial Integration, Currency Exchange Rate, Globalization Index and Gross Domestic Product. To achieve the objectives, the study employs Unit root test, Johansen Cointegration, and Pairwise Granger Causality test. The results show that while the study variables are stationary, there exist no significant long run as well as causality relationships among the study variables. The study concludes that there is a prevalence of the Freedman Paradox, implying that all the major trade liberalization strategies/tools have failed to influence the macroeconomic performance in Nigeria. The study recommends that Nigeria should improve on her level of infrastructural development in order to reduce cost of production and make the local outputs more price-competitive. Further measures must be taken to curb the adverse effects of the parallel foreign exchange market and also introduce drastic revitalization of non-oil exports for sustainable economic growth.  

9.

 Torbira, L.L.and Nnamdi,I.S. (2016)

Public Debt Analysis and Economic Performance: What Lessons for Nigeria? Rhema University Journal of Management and Social Sciences 3(2), 149 – 169

Aba, Abia State Nigeria. ISSN: 979-37999 www.rhemauniversityjournals.org

This study empirically investigates the effect of domestic and external debts on economic performance, and the effectiveness of domestic debt as an alternative funding source to external debt in sustaining economic growth in Nigeria for the period 1980 – 2014. Utilizing annual time series data sourced from the Central Bank of Nigeria’s Statistical Bulletin (various issues) and the World Bank, the study specified an estimated Debt-Growth model in tandem with Heckman response equation specification with structural adjustment. The study evaluates the behavior of the annual time series data with descriptive statistics, line graph, pie chart and bar chart as well as stationarity test. The study applied the maximum likelihood estimation technique to empirically analyze the magnitude of correlation between the debt variables and gross domestic product (GDP). The analysis shows that there exists positive and significant relationship between domestic debt and the output level of the gross domestic product. External debt exhibits negative and insignificant relationship with gross domestic product in Nigeria. As such, domestic debt appears to be more important in explaining growth in the output level of goods and services in Nigeria than external debt. This suggests clearly that domestic debt can serve as an alternative funding source to external debt in Nigeria. The study recommends effective implementation of pension scheme and other fund mobilization programmes that will help build large pool of domestic loanable funds. Borrowed funds should be invested into productive ventures in the preferred sectors that can increase the productive capacity of the economy.

10.

Nnamdi, I.S. and Torbira, L.L. (2016)

Leveraging Nigeria’s Economic Growth: Conventional or Microcredits? African Social and Educational Journal, (Nigerian Edition), 5(1), 284 – 299

Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37889

This study aims at evaluating the nature of interrelationships between Nigeria’s economic growth and the credit operations of microcredit and conventional banking institutions. Data was sourced from Central Bank of Nigeria’s Statistical Bulletin over the period,1992 to 2014. The Augmented Dickey-Fuller (ADF), Johansen’s Cointegration, Error Correction Model and the Standard Pair-wise Granger Causality tests were employed. The results indicate stationarity of the study variables as well as significant long run relationship among them. Further, disbursed microcredits and Nigeria’s gross domestic product are found to re-enforce themselves in the economic growth process, while conventional banking institutions’ operations proxied by commercial banks’ disbursed credits are found to be demand following. The study concludes that microcredit operations are in symbiotic relationship with Nigeria’s economy while conventional banking operations are parasitic. Consequently, the study recommends (i) expansion in the private sector led microcredit operations (ii) reduction in taxes and levies paid by microcredit institutions and (iii) more investments in microcredit and deposit products development in order to enhance fund mobilization through microcredit institutions operations.

11.

Nnamdi, I.S. and Olulu-Briggs, O.V. (2016)

Capital Inflows, Fiscal Dynamics and Real Exchange Rates in Nigeria, African Social and Educational Journal, (Nigerian Edition), 5(1), 155 – 167

Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37889

This study utilized secondary annual data to examine the relationship between capital inflows from foreign direct investments, government’s fiscal policy on capital expenditures and real exchange rates in Nigeria’s economy between 1981 and 2014. E-views 8 statistical software was employed to perform more robust analyses on the time series data from the CBN statistical database. The time series data were stationary in their first differences. The vector error correction model was applied to measure both short run and long run dynamics. In the long run, an equilibrium relationship exists among the variables while in the short run, 15.8% of deviations from preceding year is corrected back to equilibrium in the current year. The impulse response test shows that shocks to the series are both positive and negative which shows either an increasing or decreasing trend while the variance decomposition test attests to the fact that for all the periods, the variables indicate an increasing drift. Lastly the Granger Causality test result demonstrates that LogRER Granger Causes LogFDI and LogCAPEX. Hence, changes in the real exchange rate will determine the inflow of foreign investment as well as government’s investments in capital projects. First, it is recommended that monetary and fiscal authorities should implement more stringent policies that will control the level of money supply and allow for greater determination of the value of Naira with subsequent tariff measurest.   

12.

Nnamdi, I.S. and Olulu-Briggs, O.V. (2015)

Corporate Valuation within the Nigerian Environment: A Re-examination of Bhattacharyya’s Bird-in-hand Argument, Hezekiah University Journal of Management & Social Sciences 3(1), 268 – 281 Umudi Imo State, Nigeria. ISSN: 979-41323 www.unihezjournal.org

This study examines how corporations are valued using their end of year share prices, dividend per share and number of outstanding shares. Annual data were sourced from the Nigerian Stock Exchange Facts book for the period 2005 to 2014 for 13 firms. The E-views 8 statistical software was adopted for analyses of data obtained. The ADF and PP unit root tests of the series establish that they were stationary at both their levels and first differences. The short run estimation reveals that dividend per share (DPS) has positive and significant relationship with share price (SP), whereas number of outstanding share (NOS) has positive but insignificant relationship with share price (SP). The positive relationship satisfies the a priori expectation of the model and agrees with the Bhattacharya’s theory that an increasing dividend payout policy enhances the market value of a firm’s shares. From the Johansen’s co-integration analysis, the Trace test indicates two (2) co-integrating equations while the maximum Eigen value indicates one (1) at the 0.05 level. Consequently, there is a robust evidence of long run equilibrium relationship between the variables. A bi-directional causality from dividend per share (DPS) to share price (SP); and from share price (SP) to Dividend per share (DPS) is shown in the Granger Causality test. First, we recommend that firms should do more in declaring dividends as this will make for more trading activities in their shares as well as increasing investors’ appetite to invest in those companies. Second, firms should pay increasing dividends to sustain investors. Thirdly, in years dividends are not declared, the companies should announce bonus shares and this should be well communicated to shareholders for information effect. Fourthly, the regulators should ensure that quoted firms must comply with all disclosure requirements and abstain from any form of window dressing to avert delinquent corporate governance.  

13.

Nnamdi, I.S and Onyemaechi, P.T. (2015).

Macroeconomic Determinants of Foreign Capital Flows in Nigeria, Hezekiah University Journal of Management & Social Sciences 3(1), 212 – 224, Umudi Imo State, Nigeria. ISSN: 979-41323 www.unihezjournal.org

This study aims at evaluating macroeconomic factors that influence capital flows in Nigeria. The Augmented Dickey Fuller (ADF), Johansen’s Co-integration, Error Correction Model and the standard pair-wise Granger Causality test were employed in processing data which were obtained from the statistical bulletin of the Central Bank of Nigeria over the period 1980 – 2014. Employed macroeconomic determinants of foreign capital flows include: exchange rate, degree of trade openness, gross domestic product at current market prices and external reserves. The results reveal a valuable long run relationship among identified variables of study. Among the explanatory variables, gross domestic product and exchange rate are statistically significant in explaining variations in foreign capital flows. There are bi-directional causalities between net capital flows and gross domestic products, and uni-directional causalities between foreign capital flows and exchange rate. Consequently, it is concluded that foreign investors do not only reap from Nigeria’s economy, but also support the economy through investments. Measures to encourage greater capital inflows should be encouraged. Also, strengthening of currency and export earnings through diversification of exports (Agriculture, solid minerals etc) should be encouraged. Local manufacturers should be supported, while excessive importation/ consumption of expensive foreign goods should be discouraged through tariffs. Also, sustainable exchange rates should be encouraged in Nigeria for long run economic performance. 

14.

Nnamdi, I.S. and Torbira, L.L. (2015)

Microcredits in Nigeria’s Economic Growth Process: A Multi-Sectoral Analysis, Nigerian Journal of Financial Research, 10(1), 1 – 14

Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051

Aimed at evaluating the nature of interrelationships between Nigeria’s economic growth and micro credit allocations to classified sectors of economic activities, this study employs Augmented Dickey-Fuller Johansen’s Cointegration, Error Correction Model and standard pairwise Granger Causality tests. Data was source from the Central bank of Nigeria’s statistical bulletin over the period of 1992 to 2014. The results reveal stationarity of the time series data and significant long run relationship among the study variables. No significant causalities are found between Nigeria’s gross domestic product and microcredit allocations to agriculture/forestry and other mining/quarrying. On the other hand, microcredit allocated to other manufacturing/food processing as well as real estate/construction are found to witness significant causalities with Nigeria’s gross domestic product. The causalities flow from gross domestic product to microcredit allocated to these sectors. On the whole, Nigeria’s GDP and microcredits allocated to transport/general commerce sector are found to have significant bi-directional causality thereby, mutually promoting and reinforcing each other. The study concludes that microcredit operations are exerting enlarged influence in Nigeria by becoming significant in increasing number of sectors and recommends improvement in micro deposit and micro credit products which must meet sector specific needs of enterprise. Finally, reduction in tax and levy rates are recommended in favour of operating microcredit institutions in order to minimize their operating costs and boost their capacities to contribute more to Nigeria’s economic growth.

15.

Torbira, L.L. and Nnamdi, I.S. (2015).

Detecting the Response of Banks’ Financial Performance to CBN Liquidity Management Measures, Nigerian Journal of Financial Research, 10(1), 26 – 39.

Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051

Liquidity management policy in Nigeria is conceivably one of the most controversial of all monetary policies but the exact nature and magnitude of its influence in the long run on the financial performance of commercial banks constitute our research burden. This study examines the issue of the nature of long run influence of Central Bank of Nigeria’s liquidity management measures on commercial banks’ financial performance and especially how the latter responds to the former in Nigeria. This paper constructs and specifies a predictor model of liquidity management performance, patterned after multivariate regression and cointegration mechanism. We sampled four liquidity management measures (liquidity ratio, loan to deposit ratio, cash reserve ratio and minimum rediscount rates) for the period 1987 to 2014 and regressed them on the Returns on Assets of commercial banks. Descriptive statistics and augmented dickey fuller unit root tests were used to analyzed the behaviour of the time series Nigerian data while the cointegration mechanism was employed to test the existence of long run relationship between the correlates. The augmented dickey fuller test results indicated that the data series achieved stationarity at first differencing at the order I(1). The analyses revealed that the Central bank of Nigeria’s liquidity management measures assert strong influence on the financial performance of commercial banks in the long run in Nigeria through the window of Money supply, credit creation and the price of money. This suggests that adjustment in the liquidity control measures by the regulatory authorities could either raise or reduce the return on assets of the commercial banks through either increase or reduction in money supply, adjusted credit creation ability of banks, and the control of price of money. The study posits that liquidity ratio, loan to deposit ratio, cash reserve ratio and minimum rediscount rate all play significant roles in determining return on the assets of commercial banks in Nigeria. The study recommends that the managers of the Nigerian economy should invoke policies and action programmes that will enhance the development of more efficient liquidity management measures that will not help the banks to meet customers’ loan demand (control credit creation ability) and stabilize the price of money but will also mop up cash or funds from the informal financial sector into the banking sub-sector and provide adequate liquidity, increase investment and raise bank financial performance in Nigeria.

16.

Nnamdi, I.S. and Mgbataogu, I.S. (2015)

Bank Deposits and Demand for Credits in Nigeria: What Lessons are Available? Journal of Accounting and Finance Management, 1(8), 11 – 22, Nigeria/Glasgow (United Kingdom) ISSN 2504-8856, www.iiardpub.org

This study examines the relationship between bank credits and deposit composition of Nigeria’s deposit money banks over the period 1981 – 2013. It employs Unit root, Co-integration, Error Correction and Granger Causality techniques in evaluating the secondary data sourced from Central Bank of Nigeria. The results indicate that the time series variables are stationary as well as the prevalence of a significant long run relationship between the loans and advances disbursed by Nigerian banks and various forms of deposits. Further, the Error Correction Model (ECM) reveals an R2 value of 65.6% which estimation is significant at 0.05 level while the Granger Causality results indicate significant uni-directional causality between bank credits and demand deposits flowing from demand deposits to loans and advances as well as a bi-directional causal relationship between fixed deposits and loans and advances. The study concludes that increase in business activities as indicated by expansion in operation of demand deposit accounts by Nigerian bank customers significantly influences the demand for business and private credits in Nigeria and consequently, recommends intensified deposits and credit product development by Nigerian banks in order to meet the increasing demands for credit products by both the private and public business sectors in Nigeria.

17.

Nnamdi, I.S. and Ibe, R.C. (2015)

Oil Price Volatility and Stock Market Returns: The Nigerian Evidence, West African Journal of Business and Management Sciences, 4(3), 91 – 102, Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37989

This study sets out to investigate the effect of oil price volatility and stock market returns in Nigeria using time series data from 2006 to 2013. The stationarity properties of the data were tested using the Augmented Dickey Fuller (ADF) and Phillips Perron (PP) unit root tests. Volatility is estimated with the Generlarized Autoregressive Conditional Heteroscedasticity (GARCH) model and interrelationship within the multivariate VAR framework. Results from the ADF and PP unit root tests show that the variables were non stationary at level but became stationary after first difference. The VAR result shows that individually, the lags of stock price (ASPI) at 1 and oil price (OILP) at lags 1 and 2 were statistically significant at 5% level. Stock market returns and oil prices are tied together in the long run. However, contrary to a priori expectation,  the negative coefficient (-0.876218) of the spillover term (GARCH), provides compelling evidence to suggest that oil price volatility significantly transmits to stock market by affecting stock prices negatively. The study recommends that Nigeria must as a matter of urgency, employ a high proportion of her foreign exchange earnings from crude oil towards improving industrial production including final petroleum and petro chemical products. There is also need to develop hedging techniques for stock prices which is basically derived from international oil price movements.    

18.

Nnamdi, I.S. and Mgbataogu, I.S. (2015)

Stock Price Determinants within a Dynamic Macroeconomic Environment: Nigerian Evidence, West African Journal of Business and Management Sciences 4(2). 253 – 266, Faculty of Business Administration, Imo State University Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37989

This study evaluates the nature and direction of prevailing long run relationship between some selected macroeconomic variables and stock prices in the Nigerian stock market. All Share Index is employed as proxy for stock price movement while interest rates, inflation rate, exchange rate and foreign direct investment inflows constitute the study’s selected macroeconomic variables. Johansen’s multivariate co-integration and Error correction Model techniques were employed for analyses of secondary data sourced from the Central Bank of Nigeria’s statistical bulletin and stock exchange fact book over the periods of 1985 – 2013. The results provide evidence of the prevalence of a significant long run relationship between the set of selected macroeconomic variables and stock prices in Nigeria. The Error Correction Model result further provide compelling evidence to confirm the prevalence of significant positive long run relationship between stock prices and each of inflation and foreign direct investment, while indicating a negative but significant relationship between stock prices and exchange rates. Interest rate is found to have an insignificantly negative long run relationship with stock prices. Consequently, it is recommended that potential investors should pay relatively greater attention to inflation and exchange rate trends as well as changes in periodic foreign direct investment inflows compared to interest rate movements. Further, policy makers are recommended to pursue and implement policies that guarantee predictable business environment in Nigeria in order to make these findings implementable and ensure optimal performance of the Nigerian stock market.

19.

Nnamdi, I.S. and Dibia, S. (2014)

Export Structure and Economic Growth in Nigeria: A Re-Examination of the Evidence Via Co-Integration, West Africa Journal of Business and Management Sciences, 3(2A), 119-136, Faculty of Business Administration, Imo State University, Owerri, Nigeria. (www.imsubiznessjournals.org) ISSN: 978-37989

This study aims at evaluating the nature of interrelationships prevailing between exports and economic growth in Nigeria. Secondary data were sourced from Nigeria’s Central Bank’s Statistical Bulletin over a period of 30 years (1981-2010). Johansen’s Co integration and Granger Causality tests were applied. The results indicate a significant long run relationship between the study variables. The Causality tests indicate a significant Unidirectional Causality running from oil exports to Nigeria’s GDP, while there prevails no significant causality between non-oil exports and GDP. The study recommends that the state should as a matter of urgency, employ significant part of oil revenue to develop the non-oil export sector for balanced economic growth and diversification purposes.

 

 

20.

Nnamdi, I.S. (2013)

Stock Market Performance Indicators and Economic Growth In Nigeria: A Causality Perspective, Journal of Business and Value Creation, 2(1), 79 – 92, Department of Marketing, University of Port Harcourt, Nigeria. ISSN: 2315-8212

Given various developments within and outside the Nigerian economy, this study aims at evaluating the prevailing level and direction of causality between Nigeria’s Stock Market Performance indicators and economic growth. The study applies Augmented Dickey-Fuller (ADF) and Granger Causality techniques in analyzing data on Nigeria’s GDP as economic growth indicator and stock market capitalization and new issues as stock market performance indicators over the period 1970-2011 (42 years). The results evidence the absence of bi-directional causality for any of the pair-wise causality analysis, but confirm existence of three unidirectional causalities which flow from; (i) stock market capitalization to new issues, (ii) GDP to stock market capitalization and (iii) GDP to new issues. The study concludes that Nigeria’s stock market plays a demand-following role, depends on the economy for survival and as such, does not significantly promote economic growth. Intensified development of capital market products which will enhance mobilization of saved resources for capital market investment and further relaxation of conditions for quotation of firms and listing of securities for improved stock market operations are recommended      

21.

Nwakanma, P.C. and Nnamdi, I.S. (2011)

Frauds and Destabilization of Financial Services Industry: The Case of Nigerian Banking Sector, Trend Journal of Management and Social Sciences, 4(4), 17 – 27. (Nigeria) ISBN-13 : 9783438352002

This study analyses the statistics on bank frauds in Nigeria and the consequent erosion of shareholders’ funds through provision for loan losses and ultimately, weakening and/or liquidation of several banks in Nigeria. It recommends increased surveillance through on and off-site means and the need to maintain vibrant team of internal controllers in order to enhance customers’ confidence.     

22

Nwakanma, P.C. and Nnamdi, I.S. (2011).

Public Debt: Structure and Influence on Nigeria’s Economic Performance, Nigerian Journal of Financial Research, 8(1), 1-22, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051

This study evaluates the prevailing interrelationships and predictive effects of domestic and external debts on Nigeria’s GDP. Applying the multiple regression technique, the results indicate that while domestic debts are positively related to the GDP, external debts are on the other hand, negatively related to Nigeria’s GDP at very significant levels. The study makes case for a preference in favour of domestic debts if Nigeria’s growth process can be sustained. 

23.

Nnamdi, I.S. and Omojefe, G.O. (2009).

A Predictive Model for Nigeria’s External Debt: A Revisit, Journal of Finance, Banking and Investment, 3(1), 131-139, Department of Banking and Finance, Abia State University, Uturu, Nigeria. ISSN: 1596-9061

This study follows up Isu’s (1997) Publication. It applies a multivariate analytical framework to the issue of Nigeria’s public debt. Operating from the stand point that the classical causative factors for acceptance of foreign debt (productivity index, inflation rate, foreign reserves, population growth and balance of payment on current account) are interrelated within the socio-economic milieu, the study finds none of the above classical factors significant in explaining Nigeria’s continuously rising foreign debt profile as opposed to Isu’s earlier study which finds only population growth among all the other classical variables  significant. The study therefore, calls for a re-examination of Nigeria’s debt psychology as all known classical economic and socio-political variables fail to significantly explain Nigeria’s growing foreign debt profile.

24.

Nnamdi, I.S. (2009)

A Virile Commodity Exchange and Futures Market for Nigeria: Good Intentions and Hard Realities, Nigerian Journal of Financial Research, 7(1&2), 54-69, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051 

In view of the fact that Abuja Securities and Commodity Exchange which took off in 2006 after being in the cooler for eleven (11) years has not made any significant public impact, this study appraises the necessary conditions that need to be fulfilled to ensure a successful operation of the Exchange. The study therefore, articulates definite conditions for the viability of the commodity exchange to guarantee sustenance of a robust commodity exchange and futures market in Nigeria.

25.

Osiegbu, P.I. and Nnamdi, I.S. (2008).

Efficacy of Central Bank’s Credit Regulations in the Banking System of a Developing Economy: Evidence from Nigeria, Nigerian Journal of Financial Research, 6(1), 65-86, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051

This study evaluates the extent to which any significant correlations as well as differences prevail between the target credits approved for Nigerian banks by the Central Bank of Nigeria and their actual credit disbursements.  The results provide sufficient evidence to show that while the targeted credits are significantly correlated with the actual credits allocated to the government sector, the actual credits allocated to the private sector are not significantly correlated with the targeted credits. The study finds that Central Bank of Nigeria fails significantly in controlling bank credits since the test of difference between means employed shows the prevalence of significant differences between the means of targeted credits by CBN and the actual disbursed by the operating banks. Consequently, the study recommends that CBN should intensify controls and surveillance in order to strengthen the Nigerian banking system while the government should seek more long tenured capital market funds in order to reduce pressure on operating banks. 

26.

Nnamdi, I.S. (2008)

Export Trade and External Performance of Nigeria’s Economy: A Case for Non-Oil Exports, Nigerian Journal of Economic and Financial Research, 2(1), 26-41, Department of Banking and Finance, Abia State University, Uturu, Nigeria. ISBN: 978-37794-9-4

This study evaluates empirically, the basis for various calls for reactivation of the Nigerian non-oil sector. The non-oil export earnings data as well as those for oil exports are employed, while external reserves is employed as proxy for Nigeria’s external economic performance. The results indicate that Nigeria’s external reserve is 2.5 times more sensitive to variations in non-oil exports compared with oil exports. The study therefore, calls for immediate actions for reactivation of the non-oil export sector and a huge funding of same from oil export proceeds.

27.

Nnamdi, I.S. (2008)

Savings – Interest Sensitivity In Nigeria Implications for Policy, Profitability and Marketing of Financial Services, the Nigerian Journal of Financial Research, 5(1), 31-40, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051 

This study analyses the sensitivity of savings funds to interest rate variations in Nigeria from 1970 to 2005. Ordinary least squares regression technique was employed. The results indicate a negative and insignificant relationship between interest rate paid on savings deposits and the value of mobilized savings by Nigerian banks. In view of this result, the study recommends that interest rate should be deemphasized as a critical factor for capital formation and savings mobilization in the Nigerian context. Rather, banks should develop sufficient and attractive products to enhance and sustain savings mobilization for the financial and economic growth process of Nigeria.

28.

Nnamdi, I.S. (2007)

Deposit Structure, Lending Rates and Risk Asset Creation in the Nigerian Banking System, Nigerian Journal of Economic and Financial Research, 1(2), 50-60, Department of Banking and Finance, Abia State University, Uturu, Nigeria. ISSN: 0795-2740 

This study predicts the empirical interrelationships prevailing among credits disbursed by Nigerian banks and their deposit components as well as the contributions of these varied deposit components to risk asset funding. Applications of general multiple regression as well as the stepwise variant reveal that demand for loans is significantly interest inelastic, and further, that savings deposit contributes most significantly to risk asset funding, followed by fixed deposits. Demand deposit is found to be highly volatile or unstable and contribute insignificantly to risk asset funding within the Nigerian banking framework. On the whole, the study recommends greater emphasis on product development for greater deposit mobilization as opposed to the use of interest rate as a sweetener for same in Nigerian banks.

 

 

 

 

 

B. CHAPTER CONTRIBUTION IN BOOKS:

S/N

AUTHOR(S) YEAR

TITLE OF PUBLICATION

DESCRIPTION/ SUMMARY

1

Nnamdi, I. S.  (2011)

Marketing Of Financial Services Products, in Nwinee, B. F. ( ed), Banking Laws and Regulations, Port Harcourt, University of Port Harcourt Press, pp. 287-301, ISBN: 978-978-50726-3-1

This chapter presents the evolution of marketing of financial services as a subject of both professional and academic interest in Nigeria. It provides details of the various types, as well as characteristics of financial services products. Finally, the chapter concludes with an evaluation of the prevailing level of competition as a key variable that will continually influence both the level of development and sophistication of the Nigerian financial services industry.

 

EBERE, CHRISTOPHER CHUKWUMA

FULL NAMES: EBERE, CHRISTOPHER CHUKWUMA

 

DESIGNATION(S): Lecturer in Accounting

 

BRIEF PROFILE: Honesty and dedication to assigned responsibilities. Ability to work with a team in handling challenges as well as work with less supervision.

 

CONTACT DETAILS:

 

MOBILE: 08075510688, 08035512987

 

E-MAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

OFFICE BLOCK/ADDRESS: Faculty of Management Sciences, Department of Management, University of Port Harcourt, Nigeria.

 

CONSULTING/VISITING TIME: BY APPOINTMENT

 

EDUCATIONAL QUALIFICATIONS

  • Ph.D Accounting
  • M.Sc. Accounting
  • PGD Accounting
  • M.ED Education
  • PGD Education
  • B.A. (Hons) Business Administration

 

EDUCATIONAL INSTITUTIONS WITH DATES

INSTITUTIONS

QUALIFICATIONS

DATE

University of Port Harcourt

Ph.D. Accounting

2017

University of Port Harcourt

M.Sc. Accounting

2012

University of Port Harcourt

MBA Accounting

2006

University of Port Harcourt

PGD Accounting

2000

University of Port Harcourt

M.Ed. Education

2010

University of Port Harcourt

PGD Education

2004

Andrews University, U.S.A.

B.A. Rel./Bus. Admin.

1986

Obizi High School, Mbaise/New Heaven Christian Academy

WAEC

1980/2012

Community Primary School, Chokoneze, Mbaise

FSLC

1974

 

WORKING EXPERIENCE

S/N

ESTABLISHMENT

DATE

POSITION

DUTIES

1.

Cedar Enterprises Limited (Goodies Supermarket) Apapa, Lagos

1988-89

Accountant

Preparation of receipts and payment. Payroll preparation of balance sheet.

2.

Vina International Limited, Lagos

1989-90

Accountant

Preparation of trial balance profit and loss accounts

3.

SGS Inspection Services Nigeria Limited 

1990-94

Accounts Officer

Preparation of workers salaries/payroll

4.

Wilbros Nigeria Limited

1996-99

Creaser

Servicing of caterpillars, servicing of vehicles, greasing of equipment

5.

Chuks Comprehensive Sec. School, Choba Port Harcourt

2004

Teaching

Preparation of notes of lessons, administration of test and exams.

6.

University of Port Harcourt

2008-date

Lecturer

Lecturing

 

MEMBERSHIP OF RESEARCH/PROFESSIONAL BODIES

  1. Member, The Institute of Certified Public Accountants of Nigeria (ICPAN)

 

RESEARCH PUBLICATIONS

 

Dissertation / Theses

  1. Corporate Governance and Financial Performance of Quoted Insurance Companies in Nigeria, Unpublished Ph.D Dissertation, Department of Accounting, University of Port Harcourt,         2017

 

  1. Factors Hindering Public Secondary Schools Students’ Performance in Accounting in Nigeria: Teachers Perception in Rivers State. Unpublished M.Sc Thesis in Accounting, Department of Accounting, University of Port Harcourt,   2012.

 

  1. The Impact of Tax Reforms on Revenue of the Federal Government of Nigeria 1991-2000, Unpublished MBA Thesis, Department of Accounting, University of Port Harcourt.        2005

 

  1. Resources Provision for the Implementation of Business Education in the UBE Programme in Rivers State, Unpublished M.Ed. Thesis, Department of Educational Management, University of Port Harcourt,    2011

 

     

Journal Articles

1.

 

Micah, L.C., Ebere, C.C. & Ironkwe, U. Global Financial Meltdown and Implications on Nigerian Budget and Economy. Nigerian Journal of Financial Research, 2008, 6(1), 139-152, (Nigeria).

 

2.

 

 

Asodike, J.D. & Ebere, C.C. Teacher Provision for Assuring Quality in Business Education in Universal Basic Education (UBE) Programme in Rivers State. African Journal of Education Research and Development, 2011, 4(2b) November, 311-327, (Nigeria).

3.

 

Micah, L.C., Ebere, C.C. and Umbong, A.A. Tax System in Nigeria Challenges and Way Forward. Research Journal of Finance and Accounting, 2012, 3(5) 9-15, (U.S.A).

4.

 

Ebere, C.C., Ibanichuka, F.A.L and Yaakoo, P.D. Activity-Based Costing and Project Implementation in Small-Scale Enterprises in Rivers State. African Business and Finance Journal, 2012, 5(2) September, 137-143 (Nigeria)

5.

Asodike, J.D., Ebere, C.C. and Ibanichuka, E.A.L. Leadership Challenge of Principals and Work Morale Among Secondary School Teachers in Nigeria (A Study of Rivers State) Journal of African Contemporary Research, 2012, 7(1) March, 49-55, (Nigeria)

6.

Ibanichuka, E.A.L. & Ebere, C.C. Audit Expectation Gap and Financial Reporting in Rivers State, Nigeria. Reiko International Journal of Business and Finance, (2013), 5(2) June, 48-61 (U.S.A.)

7.

Ebere, C.C. & Micah, L.C. Venture Capital as a Source of Corporate Financing: An Appraisal of Nigerian Capital Market. African Business and Finance Journal, 2013, 6(1), April, 9-17 (Nigeria)

8.

Madugba, J.U., Micah, L.C. and Ebere, C.C. Tax Evasion and Revenue Generation in Nigeria (A Study of Lagos State). Reiko International Journal of Business and Finance, 2013; 5(3), 44-58 (USA)

9.

Ebere, C.C. & Agbakwuru, C. and Joseph, B. The Impact of Information and Communication Technology on Accounting Education in Universities in Rivers State. African Journal of Higher Education Studies and Development (AJHESD) 2014, 2, August, 156-168, (Nigeria).

10.

Ebere, C.C. & Micah, L.C. Forensic Accounting and Freud Management in Banks and Insurance Companies in Rivers, Nigeria. West African Journal of Business and Management Sciences, 2014, 3(1) April, 85-94 (Nigeria)

11.

Ebere, C.C., Madugba J.U. & Okpe, I.I. Environmental Accounting, Reporting and Performance   of Manufacturing Firms in Rivers State. Journal of Institute of Education, University of Port Harcourt, 2014, April, 8(2) 66-81, (Nigeria).

12.

Ebere, C.C. & Ibanichuka, E.A.L. and Ogbonna, G.N. Corporate Governance System and Financial Performance of Quoted Insurance Companies in Nigeria. International Journal of Business and Law Research, 2016 4(4) Oct. – Dec. 24-41 (Nigeria)

13.

Ibanichuka, E.A.L. & Ebere, C.C. Tax Revenue and Economic Productivity in Nigeria (1994-2013). University of Port Harcourt Journal of Accounting and Business, 2016, 3(1), March 289-297, (Nigeria)

14.

Ebere, C.C., Ibanichuka, E.A.L. Money Laundering and Forensic Accounting Skills in Nigerian Banks. Research Journal of Finance and Accounting, 2016 (online), 7(15), 149-155, (U.K.)

15.

Micah, L.C. & Ebere, C.C. and Egbuhuzor, C.A. Value Engineering and Profitability of Public Limited Companies in Nigeria. Best International Journal for African Universities (BIJAN), 2016, 3(3), Sept. 1-20 (Nigeria).

 

16.

Ebere, Chukwuma Christopher & Ibanichuka, Emmanuel Amaps Loveday. Audit Committee and Financial Performance of quoted Insurance Companies in Nigeria (2008-2014) International Journal of Advanced Academic Research (Social and Management Sciences) 2016, 2(7)(July). (U.S.A.)

17.

Ebere, Chukwuma Christopher & Joseph Benvolio. Oil and Gas Accounting Methods and Profitability of Selected Oil and Gas Companies in Rivers State.  Best International Journal for African Universities (BIJAU), 2015, 1(3), 15-32 (Nigeria)

18.

Ebere, Chukwuma Christopher Royalty Interest Management Strategy, Cost Implications and Financial Performance of Oil and Gas Companies in Niger Delta European Journal of Business and Management, 2017, 9(10), 70-75, (U.S.A).

 

CHAPTERS IN BOOKS

19.

Ebere, C.C. & Ahamefule Nzenwata (2011). Sources of Information for Starting a New Business. African Entrepreneurship and Leadership Initiative.  

20.

Ebere, C.C. & Ahamefule Nzenwata (2011). Financing Industrialization via Bank of Industry African Entrepreneurship and Leadership Initiative.   

 

 

GLOBAL FINANCIAL MELTDOWN AND IMPLICATIONS OF NIGERIAN BUDGET AND ECONOMY

 

BY

 

LEYIRA CHRISTIAN MICAH; EBERE CHUKWUMA CHRISTOPHER  & UWAOMA IRONKWE (2008)

 

 

ABSTRACT

The objective of this paper is to determine the implications of the global financial meltdown on Nigeria’s budget. To achieve this, data were collected from Federal Ministry of Finance, Central Bank of Nigeria publications and other relevant sources. The analysis were mainly descriptive. It was observed that the low performance recorded in the budget during these periods of global financial meltdown is higher than the previous periods. It is therefore, recommended the adoption of prudent fiscal policies and diversification of the economy to overcome this challenge.    

 

 

TEACHER PROVISION FOR ASSURING QUALITY IN BUSINESS EDUCATION  IN UNIVERSAL BASIC EDUCATION (UBE) PROGRAMME IN RIVERS STATE

 

BY

 

ASODIKE, J.D. & EBERE, C.C. (2011).

 

Abstract

This study examined teacher provision for assuring quality in business education in the Universal Basic Education (UBE) programme in Rivers State. A sample of 54 schools out of 266 schools, and 108 business and computer studies teachers were used for the study. Data collection was through document analyses and a self-constructed questionnaire titled “Business Education Assessment Questionnaire” (BEA Q). Simple percentages were used for data analyses. The findings were that the student - teacher ratio exceeded the recommended 40:1, all the teachers agreed that poor financial status of teachers, delay in salary payment and irregular promotion of teachers hindered adequate provision of teaching personnel to meet the demands of the programme.. The study therefore concluded that inadequate provision of teachers affect the quality of business education in the UBE programme. It was therefore recommended that, government should recruit more teachers and encourage their retention through regular payment of salaries and promotion.

 

 

 

 

 

 

 

 

 

 

 

 

 

TAX SYSTEM IN NIGERIA – CHALLENGE AND THE WAY FORWARD

 

BY

 

LEYIRA CHRISTIAN MICAH; EBERE CHUKWUMA CHRISTOPHER & ASIAN ASIAN UMOBONG (2012)

 

Abstract

This paper discusses the challenging issues affecting the tax system in Nigeria. It is characterized by lack of statistical data, poor tax administration, and inability to prioritize tax effort, multiplicity of taxes and increase in underground economy. It also proffer challenges so as to engender an efficient and effective tax regime in Nigeria.

 

 

ACTIVITY-BASED COSTING PROJECT IMPLEMENTATION IN SMALL SCALE ENTERPRISES IN RIVERS STATE.

 

BY

 

 

EBERE, C.C., IBANICHUKA, E.A.L & YAAKOO, P.D. (2012).

 

Abstract

This study examines Activity Based costing and project implementation in small scale enterprises in Rivers State with the purpose of determining the extent to which activity based costing relate to profitability and efficiency of small scale enterprises. There were two (2) research questions and two (2) hypotheses. The instrument for data collection was the questionnaire administered to 30 respondents. The analysis was done with the aid of Pearson product moment coefficient (PPMC) and the findings were: ABC correlate with organization profitability and efficiency and it was concluded that adoption of ABC increases profitability and reduces inefficiency in small scale enterprises and among the recommendations was that organizations that want to implement ABC systems should note that it involves substantial investment in time and money.

Keywords: ABC, Efficiency, Profitability and SMEs.

 

 

LEADERSHIP CHLLANGE OF PRINCIPALS AND WORK MORALE AMONG SECONDARY SCHOOL TEACHERS IN NIGERIA: (A STUDY OF RIVERS STATE)

 

BY

 

ASODIKE, J.D.; EBERE, C.C. & IBANICHUKA, E.A.L. (2012).

 

 

Abstract

This study examines leadership challenge of principals and work morale among secondary school teachers in Nigeria (a study of Rivers State) with the aim of finding out the extent to which principals leadership capacity and qualities affect teachers work morale. A sample of 20 public secondary schools from the urban and rural areas and a sample of 160 teachers from these schools were used. The data were collected through self developed questionnaire on principal’s leadership titled “Principals and Teacher Work Moral Evaluation Questionnaire on principal (PTWMEQ) and analysis was made using simple percentages. The findings were that leadership capacity of principal is greatly affected by school vision, and work moral ethics and those leadership qualities are greatly affected by influence acquired by excellence, commitment and decision-making. And all these attributes affect teachers work morale. Based on the findings, it was concluded that principals’ leadership capacities and qualities to a great extent affect teachers work morale. It was therefore recommended among other things that principals should endeavour to create a home environment in their schools where every teacher is made to feel accepted and valued as an integral component of the school system.

 

 

 

 

 

 

 

AUDIT EXPECTATION AND FINANCIAL REPORTING IN RIVERS STATE, NIGERIA

 

BY

 

IBANICHUKA, E.A.L. & EBERE, C.C. (2013).

 

Abstract

The study examined the effects of financial reporting on audit expectation gap in Nigeria. The purpose is to determine whether the safe-guarding of corporate property, promoting efficiency in corporate performance and enhancing confidence in reporting are affected by financial reporting. In carrying out this study, a researcher-designed and validated questionnaire was administered on 35 respondent users of financial statements to obtain their opinion on three research questions and three hypotheses formulated for the study. Data obtained were analyzed using simple regression analysis. Findings indicate that financial reporting has significant positive effects on safe-guarding of corporate property and promotion of efficiency in corporate performance. The study, however, shows that financial reporting does not significantly inspire confidence in financial report users. The work concludes that audit expectation gap is affected by financial reporting in Nigeria and suggests that more education and enlightenment should be given to financial statement users on the duties and responsibilities of auditors in Nigeria.

 

 

 

 

 

 

 

 

VENTURE CAPITAL AS A  SOURCE OF CORPORATE FINANCING: AN APPRAISAL OF NIGERIAN CAPITAL MARKET  

 

BY

 

IBANICHUKA, E.A.L. & EBERE, C.C. (2013)

 

Abstract

This article postulates that venture capitalists provide an essential service to the economy by providing the much needed fund and managerial guidance for the small and medium scale enterprise. By assisting SMEs through the difficult growth stages, they help in boosting the employment. Given the essential services they render to the economy, it would be wise for the government to offer financial incentives to those individuals and organizations that provide entrepreneur with start-up capital.

 

 

TAX EVASION AND REVENUE GENERATION IN NIGERIA (A STUDY OF LAGOS STATE)

 

BY

 

MADUGBA, JOSEPH UGOCHUKWU; LEYIRA CHRISTIAN MICAH & EBERE, CHUKWUMA CHRISTOPHER (2013)

 

Abstract

This study examines the impact of tax evasion on revenue generation in Lagos state; with the purpose of finding out if tax evasion affects taxes, fines and fees, license and earnings and sales. In carrying out this study, there were four research questions and four hypotheses. The data for analysis was secondary and analyzed with multiple regression analysis and the finding were as follows, tax evasion does not significantly affect licenses, tax evasion does not significantly affect earnings and sales. From the findings, it was concluded that tax evasion does not impact significantly on internally generated revenue of Lagos state and it was therefore, recommended that tax education should be encouraged in all states of the federation in order to minimize tax evasion and increase internally generated revenue.

 

 

 

 

 

THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING EDUCATION IN UNIVERSITIES IN RIVERS STATE

 

BY

 

EBERE, C.C; AGBAKWURU C. & JOSEPH, B. (2014)

 

Abstract

This study investigated the impact of Information Communication Technology (ICT) on accounting education in universities in Rivers State with the purpose of finding out the extent basic issues and challenges that hinder implementation of Information Communication Technology (ICT) affect accounting education in these universities. There were two(2) research questions and two hypotheses. The questionnaire was instrument used in collecting data which were analyzed with simple percentages and spearman rank correlation. The reliability coefficient of the instrument was 0.80. The findings were that the two null hypotheses were retained indicating that relationship exists between basic issues associated with ICT implementation, and challenges encountered by using ICT and accounting education. Based on the findings, it was concluded that the basic issues and challenges facing the ICT implementation in universities in Rivers State have relationship with accounting education and therefore it was recommended among other things that Government should allocate adequate funds to universities to develop their ICT centres and equip them with ultra modern ICT facilities. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FORENSIC ACCOUNTING AND FRAUD MANAGEMENT IN BANKS AND INSURANCE COMPANIES IN RIVERS STATE, NIGERIA

 

BY

 

EBERE, C.C. & MICAH, L.C. (2014)

 

Abstract

This study examined forensic accounting and fraud management in banks and insurance companies in Rivers State with the purpose of determining the extent to which litigation support services relate to fraud motives and fraud justifications services relate to fraud motives and justifications. There were four (4) research questions and four (4) hypotheses. The source of data generation was responses gathered from the respondents who were administered the questionnaire. From the analysis, it was discovered that: relationships exist between litigation support services and fraud motives, litigation support services and fraud justifications, investigative accounting services with fraud motives and justifications. Based on the findings of the study, it was concluded that application of forensic accounting services relate to fraud management and the recommendations were stated to include; that organizations should endeavour to strengthen their internal control systems as well as ensure good organizational climate to minimize fraud drivers.

Keywords: Forensic accounting, litigation support services, fraud management, fraud motives and investigative accounting.

 

 

 

 

 

 

ENVIRONMENTAL ACCOUNTING, REPORTING AND PERFORMANCE OF MANUFACTURING FIRMS IN RIVERS STATE

 

BY

 

EBERE, C.C.; MADUGBA, J.U. & OKPE, I.I. (2014)

 

Abstract

The study examines environmental accounting, reporting and performance of manufacturing firms in Rivers State with the purpose of determining the extent of relationship between natural resources/ecological accounting practice, physical/non monetary accounting practice and market share, physical/non monetary accounting practice and natural resources/ecological accounting practice and profitability of manufacturing firms. Four research questions and four hypotheses guided the study. A total sample of 104 respondents drawn from the target population of accountants, senior managers and supervisors of manufacturing firms were used. Instrumentation was through the questionnaires. Data analysis was through the multiple regressions. Our findings show that hypothesis one was accepted while hypotheses two was rejected. Hypotheses three and four were also rejected. Based on the findings of the study, it was therefore concluded that all variables of the study were significantly related except for hypothesis one. Thus, we make the following recommendations: regulatory bodies should develop a standard to guide practices of environmental accounting. Research studies should be encouraged in the field of environmental accounting and reporting. Finally, companies should show data on environmental expenditure, environmental costs charged to income in the notes to the accounts in their annual reports.

 

 

 

 

 

 

 

 

 

 

 

CORPORATE GOVERNANCE SYSTEM AND FINANCIAL PERFORMANCE OF QUOTED INSURANCE COMPANIES IN NIGERIA

 

BY

 

EBERE, C.C.; IBANICHUKA, E.A.L. & OGBONNA, G.N. (2016)

 

Abstract

This study empirically investigate the corporate governance system with the purpose of finding out the relationship that exist between board size, board composition, earnings per share (EPS) and Return on Assets (ROA) of quoted insurance companies in Nigeria from (2008 to 2015) respectively. In order to accomplish the purpose of the study, data was sourced from 14 insurance companies and analyzed using Pearson Correlation and Multiple regression analyses. Our study shows that board size had a positive and statistically significant relationship with Return on asset and Earnings per share (EPS). Furthermore, our findings showed that there was a positive and statistically significant relationship with board size and earnings per share. From the findings, we conclude that board size and board composition contribute significantly to the financial performance of insurance companies in Nigeria. We therefore recommend that; regulators must ensure that competent independent members are well represented in the board of directors, and insurance companies should adhere strictly to the corporate governance code of conduct as it affects board size and board composition to achieve maximum performance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TAX REVENUE AND ECONOMIC PRODUCTIVITY IN NIGERIA (1994-2013)

 

BY

 

IBANICHUKA, E.A.L. & EBERE, C.C. (2016).

 

 

Abstract

This study investigates tax revenue and economic productivity in Nigeria 1994-2013 with the purpose of investigating whether Value Added Tax (VAT) and Petroleum Profit Tax (PPT) relate with All Share Index (ALSI) and market capitalization (MKTCAP) respectively. The data for the study were time series data for 20 years covering 1994-2013 from Central Bank Statistical Bulletin which were analysed using multiple regressions with the aid of statistical packages for social sciences (SPSS). The results reveal that value added tax and petroleum profit contributed positively and significantly to All Share Index (ALSI) and market capitalization respectively. It was concluded that tax revenue collection relates with corporate values of shares quoted in the Nigerian Stock Exchange. Nevertheless, it was recommended that government should improve upon provision of social welfare which will encourage people to pay tax.

 

MONEY LAUNDERING AND FORENSIC ACCOUNTING SKILLS IN NIGERIA BANKS

 

BY

 

EBERE, C.C.; IBANICHUKA, E.A.L. (2016)

 

Abstract

The study examines money laundering and forensic accounting skills in Nigeria banks with the purpose of finding if the extent placement, layering and integration money laundering methods are affected by forensic accounting skills. The instrument used to gather data was money laundering crime and forensic accounting skills questionnaire (MLCA-FASO) of 120 respondents. Frequency counts and descriptive statistics were used to answer the research questions and correlation was used for all the hypotheses with the aid of special package for social sciences package (SPSS). The findings reveal that those who are involved in forensic accounting practice possess good accounting qualification, sufficient skills that those who are involved in forensic accounting, and all the dimension of money recommended among other things that banks should set up policies that ensure that they recruit forensic accountants to manage accounting sections.

 

 

VALUE ENGINEERING AND PROFITABILITY OF PUBLIC LIMITED COMPANIES IN NIGERIA

 

BY

 

MICAH LEYIRA CHRISTIAN, C.C. EBERE & EGBUHUZOR, CELESTINE ANAYO (2016)

 

Abstract

 

This study examines the impact of value engineering on profitability of selected public limited manufacturing firms in Rivers state. To stay competitive by creating higher value for consumers, firms are in constant search for strategies and tactics that will maximize profit. Profitability can be attained by increasing per unit revenue, decreasing unit cost or a mix of both. This is done through value engineering that aims to systematically improve the ‘value’ of goods or products and services by using an examination of function. The research design utilized was quasi-experimental research design (survey). The sampling method used was the purposive sampling technique. Spearman’s rank correlation coefficient, simple regressions was used to test the postulated hypothesis at 0.05 level of significance computed within the SPSS software. The study reveals that there is significant impact of value engineering proxies on profitability proxies. Based on the findings, the following recommendation were raised: that value engineering department should be establish in every corporate organization so as to use multi-disciplinary team to solve complex problems by generating new ideas to perform functions and propose alternatives. Also, the alternative functionality proposed should not reduce the value to be derived by customer so that the profitability of organization will not be reduced. And finally, manufacturing activities must be viewed as a large system, the parts of which are interrelated in order to study the effect of factors such as changes in market demands, product design and materials.

 

 

 

AUDIT COMMITTEE AND FINANCIAL PERFORMANCE OF QUOTED INSURANCE COMPANIES IN NIGERIA (2008-2014)

 

BY

 

EBERE, CHUKWUMA CHRISTOPHER, IBANICHUKA, EMMANUEL AMAPS LOVEDAY (2016).

 

Abstract

The study examined audit committee and financial performance of quoted insurance companies in Nigeria (2008-2014) with the objective of/inc/mg out the extent to which audit committee can affect return on asset (ROA) and Return on Equity (ROE,) of the listed companies. In order to achieve the purpose of the study, secondary data regarding the corporate governance practices and financial per finance was collected from ten (10) insurance companies listed on the Nigeria Stock Exchange. The data was sourced from the annual reports of the concerned insurance companies: The collected data which was secondary in nature was analyzed using regression analysis. The findings of the study showed that audit committee does not significantly affect the Return on asset of insurance companies. The findings further indicate that Audit committee size does not significantly affect the return on equity of insurance companies in Nigeria. Based on the findings, it was concluded that audit committee size does not affect the financial performance of listed insurance companies in Nigeria. Given the findings and conclusion, it is recommended that the enabling laws guiding the code of practice on audit committee and corporate governance should he amended to include that only qualified accountants should constitute the audit committee Furthermore, the audit committee should be empowered to the extent that their advice anti recommendations are given priority attention.

OIL AND GAS ACCOUNTING METHODS AND PROFITABILITY OF SELECTED OIL AND GAS COMPANIES IN RIVERS STATE

 

BY

 

EBERE, CHUKWUMA CHRISTOPHER & JOSEPH BENVOLIO (2015)

 

ABSTRACT

The study examines oil and gas accounting methods and profitability of selected oil and gas companies in Rivers State with the purpose of finding out whether success effort and full cost accounting methods affect profitability in oil and gas industries. In carrying out this study, data was collected from 52 respondents through the issued structured questionnaires. The data collected was analyzed using pearson correlation and regression analysis. The findings indicated that both accounting methods used in the oil and gas industry affect profitability significantly and it was recommended that which ever the methods that is adopted, adequate training should be allowed for the accountants using the methods in practice.

 

ROYALTY INTEREST MANAGEMENT STRATEGY, COST IMPLICATIONS AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGER DELTA

 

BY

 

EBERE, CHUKWUMA CHRISTOPHER (2017)

 

Abstract

The study examines royalty interest management strategy, cost implications and financial performance of oil and gas companies in Niger Delta with the purpose of finding out if denial, payment to selected community leaders and divide and rule relate to profitability. In carrying out the study, data was collected from 38 respondents through the issue of structured questionnaire and the data collected was analyzed adopting pearson correlation and regression analysis methods. From the analysis, we found that denial and divide and rule are not statistically significant in explaining the profitability of oil and gas companies and in the other hand, payment to the selected community leaders was statistically significant in explaining profitability. Based on the findings, we recommend among others that government should restore confidence to the peoples of the Niger Delta that they can be partners in progress.

 

SOURCES OF INFORMATION FOR STARTING A NEW BUSINESS

 

BY

 

EBERE, C.C. & AHAMEFULE NZENWATA (2011).

 

Abstract

The study focused on information concerning starting with the right information. For any business to survive, there a lot of factors, but internally and externally to be focused. 

 

 

 

 

 

 

 

 

FINANCING INDUSTRIALIZATION VIA BANK OF INDUSTRY

 

BY

 

EBERE, C.C. & AHAMEFULE NZENWATA (2011).

 

Abstract

Industrialization involves the mechanization of manufacturing and an increase in the importance of manufacturing in the overall economy. The process of industrialization usually includes a movement from rural to urban living and shift from home to factory production.

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