Ikechukwu Acha

University of Uyo | UNIUYO · Department of Banking and Finance

The relevance of Commercial Banks and their lending activities in Nigeria necessitates concern about the liquidity condition of these banks. This is particularly pertinent, given the spate of recurring unpalatable incidences in the Nigerian banking sub-sector even after the 2005 consolidation. The objective of the study was to examine the influence...

The relevance of DMBs and their lending activities in Nigeria necessitates concern about the liquidity condition of these banks. This is particularly pertinent, given the spate of recurring unpalatable incidences in the Nigerian banking sub-sector even after the 2005 consolidation. The objective of the study was to examine the influence of bank liq...

Abstract This study examined the role of microfinance banks (MFBs) in ensuring that more adults are served by the formal financial system – financial inclusion. It adopted a two-prong approach to achieve this objective. First, it used trends in some financial inclusion indicators to assess MFBs improvement over-time on this score. It also adopted O...

Abstract This study investigates the determinants of bank profitability in Nigeria, in the light of the Structure-Conduct-Performance (SCP) and Efficient-Structure Hypotheses. It specifically seeks, among other things, to ascertain the extent to which efficiency, concentration, size and market share influences the profitability of commercial banks...

Abstract Household savings in the formal financial sector constitute a significant proportion of domestic savings in developing economies. Meanwhile, the proportion of Nigerian population that save informal financial institutions is low making the understanding of factors that may influence household savings behaviour important for policy makers....

Abstract Household savings in the formal financial sector constitute a significant proportion of domestic savings in developing economies. Meanwhile, the proportion of Nigerian population that save informal financial institutions is low making the understanding of factors that may influence household savings behaviour important for policy makers....

This study is a critique of the diverse models adopted for micro insurance covers by microfinance banks in Nigeria. It is aimed at ascertaining the most functional model(s) which best fits the financial system and its low income earning entrepreneurs and businesses. Micro insurance is a financial arrangement to protect low income people against spe...

This study examines the causal relationship between stock market performance and economic growth in Nigeria for the period 1987-2014, using annual secondary data. Economic growth is proxied by gross domestic product (GDP) while capital market performance is measured by market capitalization, total new issues, volume of transaction and listed equiti...

Creating and maintaining a stable monetary policy environment is enormously important for the Nigerian economy. Ensuring that inflation remains low and stable allows households and SMEs businesses to plan ahead and keeps borrowing costs low. The study investigates the impact of monetary policy and growth of SMEs in Nigeria from 1986 to 2016. Variou...

Creating and maintaining a stable monetary policy environment is enormously important for the Nigerian economy. Ensuring that inflation remains low and stable allows households and SMEs businesses to plan ahead and keeps borrowing costs low. The study investigates the impact of monetary policy and growth of SMEs in Nigeria from 1986 to 2016. Variou...

This study examined the effect of Foreign Portfolio Investment (FPI) on economic growth in Nigeria. The research design adopted was a combination of exploratory and ex post facto research designs. Secondary data were sourced from the Central Bank of Nigeria (CBN) statistical Bulletin for the period 2005 to 2014. Gross Domestic Product was used as d...

The study examined the effects of development of capital market on Nigerian economic growth from 1981-2016, using secondary data collected from the Central Bank of Nigeria, and World Development Indicators. Multiple regression model is used to estimate the relationship that exists between capital market performance indicators and economic growth. A...

We examine the cointegration and causal relationship between insurance and economic development in Nigeria using time series data from 1990 – 2013. Gross domestic product (GDP) is adopted as a proxy for the level of economic development, while total life insurance premiums (TPL), total non-life insurance premiums (TPNL) and total insurance investme...

The study investigates the impact of Foreign Direct Investment (FDI) on the Growth of Small and Medium Enterprises (SMEs). Time series data were collected from secondary sources covering a period of 27 years (1986-2013). Since FDI and SMEs are purported to confer positive multipliers on economies, this study therefore examines their interactions in...

This study examines the implications of fraud and unethical banking practices for the banking industry and growth of the economy. Secondary data obtained primarily from Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) publications spanning the period 2001-2015 were used. The study’s two models adopted total bank liabil...

Most studies on growth drivers of business enterprises are based on experiences in the more-developed countries, the policy conclusions of which may not be appropriate for the development of businesses in the less-developed countries like Nigeria. This study examined the size-growth relationship in56 small and 15 medium enterprises in Akwa Ibom Sta...

This study highlights the potential contributions of microinsurance business to the growth and development of the Nigerian economy. It noted the low levels of insurance coverage where only 1% of the adult population is insured and insurance penetration of 0.68%. The contribution of insurance to GDP is put at a paltry 0.72% and poverty is so high th...

In this study, the researchers examine the Nigerian investment environment and assess its contributions or otherwise to the economic growth and development of the country. The study adopted ex post facto and secondary data research designs, using time series data obtained from various editions of CBN Statistical Bulletins. Some environment-specific...

Abstract: The Nigerian financial system has always had a huge informal sector resulting in financial dualism with its attendant consequences including prevalence of cash transactions. This is known to have several negative implications for an economy, which is the reason why the Central Bank of Nigeria (2011) introduced the cashless policy in 2011...

Abstract: This study examined the impact of economic growth on financial development in Nigeria within the period of 1987 – 2014 using stock market capitalization ratio, growth rate of credit to private sector, money demand over GDP and All Share Index growth rate as financial development indicators. These financial indicators were used as dependen...

The passion to carry out this research work was ignited by wondering under what conditions the nonparametric bootstrap data generating processes (DGP) produces minimum error when compared with the parametric bootstrap DGP and also to ascertain the performance of the Nigeria stock market, in terms of bias, standard error and other information criter...

This study examines the causes of unethical behavior in the marketing of banking services in Nigeria. The study adopts a survey design and uses structured questionnaire to elicit information from respondents. It focuses on banks in the south-south and southeastern regions of Nigeria. From each of the regions two state capitals were judgmentally sel...

em>This study assesses the efficacy of the Nigeria’s monetary policy against the backdrop of single digit inflation monetary policy target of the regulatory authorities. Two related questions were constructed to guide the study. Relying on both the Keynesian and Structuralist analyses, data were harvested on inflationary performance for 24 years on...

The investigation of the possibility of a significant difference existing in the parametric and nonparametric bootstrap methods on external sector statistics, and establishing the sample data distribution using the smooth bootstrap is the focus of this study. The root mean square error (RMSE) and the kernel density will be used on the test statisti...

This study was conducted to unravel the marketing implications of call drops and the nature of customers' patronage of GSM services in Imo and Abia States Nigeria. The survey research design was adopted using the cross-sectional survey approach. Primary and Secondary data were extensively used while the questionnaire was used in eliciting informati...

This paper examines corporate restructuring in Nigeria with emphasis on reviewing the history of mergers and acquisitions and went further to theoretically assess the implications of mergers and acquisitions for economic growth. The foray into history revealed very few mergers and acquisitions in the years prior to bank consolidation (2004 acquisit...

The study examines the problem of illicit capital transfers from Africa to the developed economies of the world. Relying on Nigerian experience, it shows that despite endemic poverty, unemployment, low per-capita income and general lack of social infrastructure, the political leaders of Africa and multinational corporations still unscrupulously fle...

Banks are so prominent in the Nigerian economy that non-bank financial institutions (NBFIs) are hardly noticed. It is against this background that this study sets out to investigate the role NBFIs play in economic development. It discovered that NBFIs play a fundamental and complementary developmental role in the economy. To assess the impact of NB...

Since the advent of microfinance banking in Bangladesh in the mid 1970's, several countries have copied this financing model. The seeming popularity of this model among developing countries is predicated on poverty reduction prospect it offers. The Nigerian govern ment cued into this popular thinking in 2005 when it inaugurated the microfinance ban...

Safeguarding the poor and low-income people from the financial hardship arising from the occurrence of supposedly insurable risks informs this study. This challenges the widely believed concept of the 'non-insurability' of the poor, owing to their inability to pay huge premiums. This study therefore examines the concept of micro-insurance and its a...

The popularity which microfinance banking enjoys is predicated on its poverty alleviation potential. To attain this potential the banks need to be financially sustainable and can only achieve this by ensuring that their cu tomers (the active poor) are satisfied and delighted by their service offerings. undergoing major transformations, driven by ch...

The study examines the link between the intermediation activities of banks and the growth of the Nigerian economy. This was motivated by the economic growth functions assigned banks by the regulatory and monetary authorities and the presence of opposing strands of literature and empirical studies suggesting that banks do not cause economic growth....

The perennial underdevelopment of many Less Developed Countries (LDCs), some of which have huge sources of revenue like Nigeria, motivates this study. The study identifies corruption and money laundering as possible culprits in this state of affairs. It therefore examines theoretically the implications of corruption for the LDCs and investigates th...

This study investigated the role banks play in economic growth. It used bank deposits and bank credit to the private sector as variables for bank intermediation and real gross domestic product (RGDP) to proxy economic growth. The Regression of RGDP as dependent variable against bank deposit and credit confirmed that banks through their intermediati...

This paper set out to examine the implications of interest rate for savings and investment in Nigeria. It used data obtained from the Central Bank of Nigeria (CBN). Data were analyzed using Pearson's Correlation Coefficient and regression. Evidence showed interest rate as a poor determinant of savings and investment indicating that bank loans are m...

The International Monetary Fund (IMF) is a key player in the international monetary system. Its mandate centers mostly on the short term stabilization of economies of member states in the realization that instability in any of them could have detrimental implications for others. Specifically, it provides funds to members with balance of payment dis...

Monetary policy is implemented with the main objective of economic stability and banks are the primary channel through which this policy influences economic variables. It is argued that the extent to which monetary policy goals are attained is predicated on the responsiveness of banks to it. The study therefore investigates the implications of mone...

The effective management of business finance is critically dependent on the proper understanding of the interrelationships between different dimensions of financial management and growth performance of the business. This study examines the relationship between selected managerial finance functions and growth of business in Akwa Ibom State, Nigeria...

The study examines the contribution of banks in Nigeria to the growth of the economy. It used bank savings mobilization and credit to the real sector as proxy for banks contribution while gross domestic product growth rate proxies' economic growth. Before correlation analysis and regression were used to test hypothesis, diagnostic tests were carrie...

Financial derivatives have been acclaimed as the greatest innovation of the 20 th century. This popularity is not unconnected to their use as risk management tool. It is therefore disconcerting that such instruments meant to manage risks can be blamed for having exacerbated it, to the extent of causing a global crisis. In the light of the aforement...

Whether banks through their financial intermediation activities (savings mobilization and lending) cause economic growth is the theme on which this study was based. Data on gross domestic product (GDP), credit to private sector (CPS) and total bank deposit (DPS) were obtained from Central Bank of Nigeria (CBN) statistical bulletin and used to compu...