In developing nations, there is a huge question of why should they borrow further. This is a result of the increasing debt profile of countries like Nigeria. As much as there is a rationale for borrowing in these countries, there is need to establish the relationship between debt, debt service and economic growth in Nigeria. This is the main thrust of the study. The study with CBN financial report data from 1985-2020 used descriptive and inferential statistics of tables, figures, and cointegration test with correlation method to establish the pattern of relationships. The study found that debt and debt service profile has been on the increase in escalating scale. The study also found a cointegrating equation trend in the model. Hence, establishing a long-run relationship among them in the Nigerian economy. The study recommends further borrowing should be on projects that can pay back any borrowing within its lifespan.
The study focuses on effect o f dynamic marketing capability on customer patronage of Nigeria breweries products, The specific objectives are to determine the effect of market sensing capability on customer patronage, ascertain the nature of the relationship between market targeting and customer patronage and determine the influence of market positioning on customer patronage. The study had a population size of 1105, out of which a sample size of 177 was realized using Taro Yamane’s Formula at 5% error tolerance and 95% level of confidence. The Instruments used for data collection were questionnaire and interview. A total of 177 copies of the questionnaire were distributed while 148(83%) copies were returned and 39(17%) were not returned. The Survey research design was adopted for the study. Three hypotheses were tested using Pearson product moment correlation coefficient and simple linear regression statistical tools. The findings indicated that market sensing capability had a significant effect on sustained customer purchase. There was a positive relationship between market targeting and customer patronage. Market positioning had a significant influence on customer patronage. The study concluded that dynamic marketing capability (DMC) concept is the strategic management theory that provides a new interpretation of how companies in the environment that change rapidly obtain their competitive advantage. The study recommended that Nigeria breweire should maintained and sustained market sensing because that will help them to understand the needs of the customers ahead of their fellow competitors which ensure that customer needs are met, in order to achieved sustained customer patronage.
We analyze the interplay of oil price volatility, exchange rate and stock market return in Nigeria using 5-days daily data covering 1985 to 2021. The variables used in the study are oil price and exchange rate volatilities as the independent variables, and stock market return as the dependent variable. The data for the study was obtained from the CBN statistical database; We employed descriptive statistics and VECH GARCH (1,1) model in our estimation. The result of the analysis shows that both the exchange rate and oil price volatility positively and significantly influence the shocks to stock market return in Nigeria. In conclusion, we observed that shocks to stock market return are attributed to oil price volatility and exchange rate volatility. we advocate for the diversification of the Nigerian economy to reduce the impact of oil price volatility on stock market return.
The purpose of this study is to evaluate the influence factors of electronic service quality (E-SQ) in the banking industry. A combination of Analytic network process (ANP) and Fuzzy-TOSIS methods was used in this study. ANP method was used to obtain the weight of criteria and sub-criteria and the Fuzzy TOPSIS method was used to prioritize four state banks of Rasht city. The data collection tool is ANP and TOPSIS questionnaire. Data collection is from October 2022 to January 2023. In the present study, 19 E-SQ sub-criteria were evaluated in the banking industry, and the Customers' trust sub-criteria was ranked first. Also, among the four studied public banks, Bank A1 was ranked first. Investigating the influence factors of E-SQ in the banking industry will make bank managers more familiar with the influence factors, and managers and policymakers in this area can provide better quality electronic services to bank customers.
The supply and demand of teachers in the educational industry is an important challenge faced by many countries of the world, including Nigeria. This shortage of teachers was occasioned by the departure of older and more experienced teachers from the profession, while a low number is recruited and this has affected negatively student learning and had also incurred large economic costs. It has been observed that schools the world over, struggle to recruit and retain quality teachers because the teachers are not satisfied with their job due to poor welfare. The study examined mentoring and job satisfaction as predictors of teachers’ retention in public secondary schools in the Benin City. To achieve this purpose, four research questions were raised. The descriptive survey research design was adopted for the study. The population of the study consisted of teachers in the 150 public secondary schools in Benin City, while the sample size was 700 teachers drawn from 50 schools. The research instrument was a questionnaire titled “Teachers Mentoring and Job Satisfaction Questionnaire (TMTSQ)”. It was validated by three experts in Measurement and Evaluation, and two others from Educational Management at, the University of Benin, Nigeria. The reliabilities of the instrument were ascertained using Cronbach Alpha and gave alpha values of 0.89 and 0.90 for mentorship and job satisfaction of teachers. The data collected were analyzed using mean, standard deviation, multiple regression, and ordinal regression. The findings that emerged from the study showed that the retention rate of teachers was high, and the level of mentorship and job satisfaction of teachers was also high. It also revealed that mentorship and job satisfaction predict teachers’ retention significantly, and the experience of teachers increases the likelihood of teachers’ retention in secondary schools. It was therefore recommended among others that, for teachers to be retained in secondary schools, mentoring strategies and job satisfaction measures should be adopted.
The study examined the effect of corporate life cycle on financial performance of listed industrial goods firms in Nigeria. Corporate life cycle was proxy with; firm introductory stage (FINT), firm growth stage (FGRT), firm maturity stage (FMAT), firm shakeout stage (FSHK) and firm decline stage (FDEC) while financial performance was proxy using net assets per share. Ex Post Facto Design was adopted and data for the study were collected from the annual reports and accounts of the listed industrial goods firms in Nigeria for the period ended 2017-2021. Panel least squares model was used in the data analysis and the findings of the study indicate that there is a significant and positive relationship between firm growth stage, firm maturity stage, firm shakeout stage and financial performance of industrial goods firms in Nigeria at 1% significant level while firm introductory stage and firm decline stage have insignificant relationship with financial performance. Thus, the study concludes that corporate life cycle ensures financial performance of listed industrial goods firms in Nigeria. The study recommends that managers should have a focus on board monitoring and financial management accordingly and especially during maturity stage so as to avoid slipping into the next stage, which is restructuring stage or decline stage.
Technology innovations bring convenience to humans. Mobile payment is one of the technology innovations which had explosive growth of usage in the business and financial sectors. As a developing country, Malaysia is moving toward a cashless society with several occasions: explosive e-commerce growth and the Covid-19 pandemic. This study seeks to examine the relationship between performance of expectancy, effort expectancy, social influence, facilitating conditions, perceived technology security and intention to use mobile payments. A questionnaire was distributed to respondents online to collect primary data for research analysis The results shows that effort expectancy, social influence, and facilitating conditions significantly influence the intention to use mobile payment. Therefore, this paper serves as a foundation for further refining individual acceptance models for researchers.
This study mainly assumes that procurement is a kind of special competence which, if acquired, may sustain industrial competitiveness. Intention of this study is to explain influence of procurement competencies on enhancing dynamic industrialisation in Tanzania. The multiple regression analysis was used to determine effects of procurement competencies on embracing dynamic industrialisation in Tanzania. A survey on manufacturing firms was undertaken in examining relationships between procurement competencies and dynamic industrialisation in Tanzania using administration of questionnaire while data were collected were analysed through descriptive statistics and multiple regression analysis. Findings suggested that limited technical procurement competencies and procurement behavioural competencies when interrelated with innovative capability, technological capability, government intervention and change management significantly affects sustainable procurement competencies on embracing dynamic industrialisation in Tanzania. The study’s findings imply that there is limited understanding regarding the role procurement competencies on embracing dynamic industrialisation in Tanzania. This article suggests solutions which procurement professionals and organisations can implement in order to unlock the potential value in the dynamic industrialisation in Tanzania.
