IMPACT OF MERGER AND ACQUISITION ON THE PERFOMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Osifalujo, Babatunde Bunmi & Olufemi,O Omotilewa

Department of Accountancy

Moshood Abiola Polytechnic, Abeokuta Ogun State

Email: osifalujobabatunde@gmail.com

ABSTRACT

Low capital base, insolvency, and business distress among other factors have contributed to recent failure of banks in Nigeria. Banks all over the world now adopt mergers and acquisitions as a strategy to improve their performance. This study examined the impact of mergers and acquisition on the performance deposit money bank in Nigeria. The research used capital structure, asset profile, total deposit and profit after tax of the selected bank to measure the performance and effect of merger and acquisition of the bank in both pre and post-merger and acquisition period. Data were collected from the published financial statements of the bank namely former Intercontinental Bank Plc and Access Bank (now Access Bank Plc) from 2005 to 2017 and the model was formulated using ordinary least square method. It was revealed that for both the pre-merger and post-merger periods, it was revealed that the access bank performed better. In the post – merger and acquisition period as asset profile and total deposit has no significant effect on the profit after tax of access bank in Nigeria, while capital structure has a significant effect on profit after tax of access bank plc.  While in the pre-merger and acquisition capital structure, asset profile and total deposit have no significant impact on profit after tax of access bank plc. The study concludes that mergers and acquisitions have a significant impact on the performance of deposit money bank in Nigeria. Therefore, the study recommended that banks can merge or acquire each other , as this has proved to become a strategy for rescuing ailing or weak ones and could provides a platform that would enhance financial performance

Keywords: Merger, Acquisition, Financial Performance, Deposit Money Banks.


EXPERIMENTAL STUDY OF THE EFFECT OF DETERGENT CHARACTERISTICS VARIATION ON USERS’BRAND LOYALTY AMONG UNDERGRADUATE STUDENTS OF THE UNIVERSITIES IN MAKURDI METROPOLIS

1Kwahar Nguwasen & 2Onov Phillip

1Department of Business Administration, Federal University of Agriculture, Makurdi

2Department of Economics, Benue State University, Makurdi

E-mail: ngu.kwahar@gmail.com

ABSTRACT

The study was conducted on the analysis of the effect of detergent characteristics variations on brand users’ loyalty among undergraduate students of the Universities in Makurdi metropolis of Benue State. The aim was to analyze detergent characteristics variations combination that will achieve the best users’ brand loyalty in the study area. The 3x3x3 factorial experimental design was used for the study. This involves three independent variables each varied in three dimensions. The population of the study comprised all users of detergents among undergraduate students of the Universities in Makurdi metropolis of Benue State. These Universities are the Federal University of Agriculture Makurdi and Benue State University Makurdi. The sample of 270 was selected from the target population: 135 students from Federal University of Agriculture Makurdi and 135 students from Benue State University Makurdi. An 18-item self-developed instrument: “Detergent Users Loyalty Inventory” (DULI) was used for data collection. Three-way Analysis of Co-variance (ANCOVA) was used to test the Hypotheses by comparing the effect of the differences in product characteristics variation on brand loyalty. Pre-manipulation scale scores were used for pre-test or as covariate. In particular, the independent measures (between-groups) ANCOVA was used since the study dealt with different subjects under different conditions. The main and interactional effects in ANCOVA result were all significant; the study therefore went further to make use of Fisher’s Least Significant Difference (LSD) to locate the mean differences and sizes. The study found that the overall best brand loyalty level can be achieved only when there is a simultaneous increase in price, size and quality (Mean =178.01). Similarly, other economically optimal brand loyalty levels can be achieved at maintained size, price decrease and quality increase (Mean=177.80) and maintained size, maintained quality and price decrease (Mean =177.30). It was however observed that consumers of detergents in Makurdi metropolis of Benue State responses were in line with the tradition of maximum utility at lowest cost which though good for the rational users, is detrimental to the sustainability of the business.  Detergent Users want both quality and size increase as prerequisite for price increase. This though quite plausible to detergent users, can only be achieved at a loss to the producers. To solve market disequilibrium problems, the study recommended mutual benefits to both the producers and users of detergent. Thus, in view of precarious economic conditions, producers should increase the quality of detergents and the decrease size as prerequisite for price increase(Mean=90.81).This, though with low loyalty level vis-à-vis the best loyalty levels, will be mutually beneficial as it will attract a significant level of loyalty from the detergent users and at the same time, provide a window for producers to achieve high level of profitability.

KEY WORDS: Product Characteristics, Product Characteristics Variation, Brand Loyalty, Detergents Users, Makurdi Metropolis.


HOUSEHOLD FOOD CONSUMPTION AND WELFARE IN EGBA DIVISION OF OGUN STATE

1Akerele, E. O.,1Oyebanjo O., 1Ologbon O.A.C, 1Taiwo B. O., 2Yangomodou O.D., 2Solana O. I., 2Olugbemi M. T.

1Department of Agricultural Economics and Farm Management

2Department of Home Science and Hospitality Management

Olabisi Onabanjo University, Yewa Campus, Ayetoro, Ogun State, Nigeria

E-mail: akereleeze@gmail.com


HOUSEHOLD FOOD CONSUMPTION AND WELFARE IN EGBA DIVISION OF OGUN STATE

*Ojedokun A. O.1, Yesufu O. A.2 Ayorinde V. A.2 and Ogunmola O. O.3

1Department of Agriculture, Lagos State University, Epe Campus, Nigeria

2Department of Agricultural Economics, Obafemi Awolowo University, Ile-Ife 3Department of Agricultural Economics and Extension, Bowen University, Iwo,

Email: adifferentpiece@gmail.com, Corresponding author: Ojedokun A. O.


THE ROLE OF GOVERNMENT IN SIMULATING PORTHARCOURT CITY MASS TRANSPORTATION PROBLEM

Otoro-Theodore, Wonimidei

Department of Architecture

Rivers State University NkpoluOroworukwo, Port –Harcourt

E-mail: Ojay4dizzle@yahoo.com

Abstract:

Transportation as a major activity in human existence forms the basis of all socioeconomic interactions as inadequate transport facilities often hinders economic development. Bad roads, inadequate fleets of vehicles, inadequate trains, overcrowded airplanes and congested ports are common features of developing world transportation service like in port Harcourt, and Nigeria at large, the aim of this study is to examine the role government can play to stimulate and solve Port Harcourt city transportation problems using computer based software, Descriptive research design was adopted in this study, questionnaires was used to obtain data from commuters and transporters from some transport routes in the city such as, Zoo to Mile1 park, Oil Mile to Mile1 Park to Borokiri, Rumuokoro ( Okoronudo) – Mile1 to Borokiri and Mile1 to Leventis to NPA. Data collected were analyzed and presented graphically, the result of the study shows that there is serious transportation problems in port Harcourt, and can best be solved using a computer software matrix system. Therefore, in this research work computer software was developed to tackle the problem.  Some constraints were established and the developed software was tested with life data to ascertain the usefulness of the computer programme. It also was recommended there is an urgent on the part of government to actively develop strategies and system that will facilitate the process of road transportation system in Nigeria.

Key words: Transportation, Movement. Problems, Programme, software


A CRITIQUE OF HOUSING AFFORDABILITY: APPRAISING FACTORS AFFECTING NO/LOW INCOME EARNERS IN IBADAN

O. Babatunde1, J.O. Awofodu2 & O. M. Oladunmoye3

1Department of Architectural Technology, Oke – Ogun Polytechnic, Saki Oyo State.

2Department of Architecture, Lead City University, Ibadan, Oyo State

3Department of Architecture, University of Ibadan, Oyo State.

Abstract

Despite some attempts at achieving decent housing for Nigerians, Nigeria as a whole failed to address the dire housing conditions of her population. The situation has been partially ameliorated through the activities of the private sector housing developers who have mainly concentrated on the upper-middle and upper earners of the housing market and government housing schemes targeting the lower-middle earners with no known focus on the low and no-income earners, which recent studies reveal to cover over 60% of the working class population creating an acute need for intervention. Yet, there are some factors affecting low or no-earners’ in the area of housing affordability. This is the gap in knowledge sought to be filled by this study. The survey research design was adopted for this study. Data were collected from both primary and secondary sources. Simple systematic random sampling techniques was adopted in administering a set of questionnaire to respondents. The findings revealed the relative contribution of each of the independent variables to the prediction of the dependent variable Housing the low income earners in Ibadan North L.G.A of Oyo state in logical order  Housing Affordability ( Beta = .119; t = 5.156; p < 0.05). The study also revealed that factors like housing accessibility, income per family, high house rent and financial wherewithal low earner’s relatives greatly affect no/low income earners in terms of housing affordability. It is thus concluded that access to building finance at favorable terms to developers of low-income accommodation and credit facilities for housing construction should be expanded.

Key words: Accommodation, Affordability, Housing, Housing Market, Low/No Earners.


DETERMINATION OF SCHWARZSCHILD’S RADIUS OF SOME PLANETARY BODIES IN THE SOLAR SYSTEM USING NEWTONIAN MECHANICS

1Ahmadu Muhammad Aliyu & 2Jamaludeen Sambo

Department of Physic

Faculty of Science, Gombe State University,Gombe ,Nigeria

ABSTRACT

The need to understand black hole formation, property and absorption of other celestial bodies is an interesting issue in Astrophysics and Astronomy. In this paper we avoided complex mathematical difficulty to obtain Schwarzschild’s radius of some planetary bodies, and this radius was computed using Newtonian expression for escape velocity. Results obtained shows that among the planets Jupiter requires a very large amount of gravitational pull to reduce to black hole and was found to be exactly the same with that using Schwarzschild’s metric.

Keywords and phrases: Black hole, Schwarzschild’s radius, Newtonian expression, escape velocity                                                  


LANDSCAPE RECLAMATION FOR ABANDONED MINING SITE FOR OUTDOOR RECREATION ON THE JOS PLATEAU

Emmamoge Orewere1, Ayodele Owonubi1 & Sada Zainab2

1Department of Horticulture and Landscape Technology,

Federal College of Forestry, Jos

 2Department of Architecture, Faculty of Environmental Design,

Ahmadu Bello University, Zaria

Abstract

The Sustainable Development Goals adopted by the United Nation particularly (goal fifteen) subtitled: LIFE ON LAND: protect, restore and promote sustainable use of terrestrial ecosystem, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss targeted for year 2030  and Nigeria’s Vision 20:2020 (NV 20:2020) Economic Transformation Blueprint cannot be overemphasized. Illegal mining is one of the biggest problems with regard to environmental destruction and ecological disruptions. It presents a plethora of environmental, social and economic problems. Thus using abandoned quarries as sites for new construction is a useful form of reclamation, one that has occurred throughout history. The main thrust of this paper, is to reclaim an abandoned mining site through landscape development for outdoor recreation to tourist who needs to recreate either actively or passively on the Jos Plateau. The study objective is to develop the conceptual framework to serve as a basis for creating a suitable design of an abandoned mining area. It focuses on Guut-Rayfield area in Jos-South Local Government Area of Plateau State. The methodology employed for this study is physical site survey, case studies and literature search. The paper submits by way of conclusion that land reclamation strategies through landscape development should be implemented alongside mining plan for effective restoration after mining operation ceases. Working closely with community dwellers, allied professionals, and the government would ensure sustainable development is achieved. 

Keywords: Landscape reclamation, Mining site, Outdoor recreation, Plateau


BACKGROUND RADIATION LEVEL MEASUREMENT IN DELTA STATE UNIVERSITY, CAMPUS III, ABRAKA, NIGERIA

Osiga-Aibangbee Damaris

Department of Science Laboratory Technology,

Delta State Polytechnic, Ozoro

Abstract

An in-situ measurement of the background radiation level was carried out at the Delta State University Campus III, Abraka. A portable Radiation levels monitor FS2011+ and ETREX Germin GPS was used for the measurement. A total of 22 points (11 outdoor and 11 indoor) was surveyed across the campus for background environmental radiation. The outdoor dose rate varies from 0.13µSv/hr to 0.25µSv/hr. For the indoor measurement, the minimum dose rate 0.12µSv/hr the maximum dose rate 0.23µSv/hr. It was noticed that the outdoor dose level was higher than the indoor dose level. The results show that the average outdoor and indoor point studied is 0.19µSv/hr and 0.12µSv/hr and this radiation level did not exceed the recommended limit of 1mSv/annum by International Commission on Radiation Protection which is still less than the ICRP limit value for non-occupational population exposure.

Keywords: Radiation, emission, indoor, outdoor, dose rate, study, exposure


CRITICAL REVIEW OF SELECTING EMPLOYEE FOR INTERNATIONAL ASSIGNMENT PROCESS AND ISSUES IN EMERGING/DEVELOPING COUNTRIES: The Management Perspective

BAGUDU, Ahmad Ibrahim

Department of Office Technology and Management

Federal Polytechnic, Bali P.M.B 05 Bali

Abstract: The trust of this paper is to assess the Critical Review of Selecting Employee for International Assignment Process and Issues in Emerging/Developing Countries: The Management Perspective. In the context of this paper, information were collected through the use of secondary data and case study was employed, which was considered appropriate for providing a holistic approach to the study that make up, several types of data that are analytically adapted to suit its unique purposes including general data about the selecting employee for international assignment process and issues in emerging/developing countries. The paper concentrated more on the process addressing the employee’s short-term needs that is moving from pleasant place to another, without much thought to long-term employee development or the strategic needs of the business and in addition, it attempt to provide a review of the literature on international assignment selection process as it centered on predicting to the environment in which the employee would work effectively rather than the technical or functional job to be executed. It also focuses on certain strategic or criteria in assessing and selecting of employee with challenging issues and the predictors affecting the outcome of international assignments. Finally, it draws recommendations and conclusion for international assignment process and issues in emerging/developing countries: the management perspective.

Keywords: Critical review, Selecting, Employee, International assignment and Management


Recent Comments

    Categories