1116 research outputs found
Sort by
INFLUENCE OF INFORMATION AND COMMUNICATION TECHNOLOGY ON SCIENCE UNDERGRADUATE STUDENTS’ ACADEMIC PERFORMANCE AND 21ST-CENTURY SKILLS ACQUISITION
No full textInformation and communication technology (ICT) has played a pivotal role in the activities of undergraduate students in universities across the globe in this digital age. The perception of chemistry undergraduates on the influence of information and communication technology on students’ academic performance and acquisition of twenty-first-century skills was investigated in this study. Four research questions and four hypotheses guided the research. A descriptive survey design was adopted, and structured questionnaires were administered to 180 students randomly selected from one public university in Lagos State. The data collected were analysed using descriptive statistics, while the hypotheses were tested using the frequency cross-tabulation statistics and independent samples Mann-Whitney tests. The findings showed that most students who make use of ICT perceive a positive influence on their academic performance and acquisition of 21st-century skills. Further findings showed that both male and female perceptions of academic performance were significant and not gender sensitive. It was recommended that lecturers and students use ICT more in the classrooms for educational purposes.  
Autonomous Cars and Sustainable Land Development in Nigeria
No full textSelf-driving car technology is no longer a novel idea. Given the rate at which the technology is developing, fully autonomous cars are predicted to become readily available over the next three decades. Self-driving vehicles offer numerous advantages, such as significantly reduced accidents, provision of automobile access to disabled people, traffic efficiency, easy parking and safety of movement. On a global scale, selfdriving vehicles are being investigated to determine the legal, ethical and economic implications of their use. The widespread adoption of autonomous vehicles will undoubtedly alter land use and influence the interpretation of relevant land laws. It will also require major adjustments to the way roads are designed. The aim of this research is to examine the link between the transportation infrastructure readjustments required for the deployment of self-driving cars and sustainable land development in Nigeria. This study adopted the doctrinal research methodology, using qualitative research techniques to analyse primary sources of law such as the Nigerian Constitution, 1999, and the Land Use Act, as well as secondary sources of law such as books written by renowned scholars, peer-reviewed journals on self-driving cars and relevant policy frameworks to actualise its objectives. The study noted that transportation and land use are intertwined, as transportation infrastructure is one of the key amenities affecting the environment, community wellness, and landdevelopment. It is also notes that the introduction and adoption of selfdriving cars will impact the growth of urban areas since the use of these vehicles will lead to more effective construction of infrastructure comprising parking lots, bridges, tunnels, railways, buildings, and roads. It is important to add, however, that the use of self-driving cars may influence the decision made by families regarding the proximity of their place of employment and their place of residence. Since passengers can focus on other tasks while in an autonomous vehicle, long trips will be considered less demanding. As a result, families may be more inclined to relocate away from urban areas and settle in places where land and rent are significantly cheaper. Thus, this research concludes that the rapid advancement of self-driving technology will result in foreseeable changes in land use, planning, and design. Therefore, the study recommends sufficient planning that will involve the modification of road infrastructure and the adjustment of policies that will enhance the functionality of selfdriving cars and satisfy the specific demands of autonomous vehicles
NIGERIA’S DIVIDEND POLICY AND STOCK PRICE VOLATILITY
Get PDFThis paper explores the impact of dividend policy on stock price in the Nigerian stock market. Descriptive survey research strategy was utilised for this study and four research questions and four hypotheses generated to guide the investigation. All 199 shares trading on the Nigerian Stock Exchange's major exchange at the start of 2010 made up the research's demography which was later limited to include only businesses that had regularly paid dividends for a period of twelve years. 29 enterprises in all qualified for the selection for the period from 2010 to 2021. The study found out that the payout ratio positively affects the stock price, the findings also indicated that earnings per share has a substantial beneficial effect on the stock price and significant link between the size rate of a company and its stock price. It is thus recommended that businesses should maintain a continuous dividend pay-out to raise internal money available to undertake more profitable projects that will aid increased earnings
DIVIDEND POLICY, LIQUIDITY AND FIRM VALUE OF CONSUMER GOODS INDUSTRY COMPANIES IN NIGERIA
Get PDFThe focus of this study is to determine the effect of dividend policy and liquidity on firm value. The research was conducted on companies in the consumer goods industry sector on the Nigeria Exchange Group for the 2012-2021 period. The population used in conducting this study was obtained from the consumer goods industrial sector companies listed on the bourse of the Nigeria Exchange Group (NGX Group) which have a total of 25 companies. Purposive sampling technique was used and 17 companies were selected that met the condition of regular dividend payment. Panel least regression data analysis technique was used for the study. Secondary data used were obtained from audited financial statements of the sampled companies for the period and Nigerian Exchange Group factbook. The results showed that dividend policy, liquidity and market risk had positive significant relationship with firm value at 5.8198:0.000; 15:6395:0.000 and 1.2805:0.000 respectively indicating 1% significance level. Free cashflow had positive insignificant relationship with firm value while ownership concentration has negative but insignificant causal effect on firm value. R², the coefficient of determination of 0.8329 reflects that the model explanatory variables account for 83.29% of value of price to book value, the explained variable. It is recommended that adequate level of profitability should be a priority to enable payment of dividend. Liquidity position should be at the acceptable levels and market risk should not exceed tolerance limit
INFLUENCE OF FIRM SPECIFIC AND CORPORATE GOVERNANCE FACTORS ON CAPITAL STRUCTURE OF PUBLICLY LISTED NON-FINANCIAL FIRMS IN NIGERIA
Get PDFThe primary aim of this research is to investigate the impact of firm-specific and corporate governance variables on the capital structure of non-financial firms that are publicly listed in Nigeria. The study's population consists of 123 non-financial firms listed on the Nigerian Exchange Group between 2006 and 2020. A sample of 58 firms was selected using an inclusion and exclusion approach. The data was analysed using the generalized method of moments technique. The results indicate that past values of total debt to assets exhibit a noteworthy and favourable impact on present values of total debt to assets. Conversely, the current ratio, return on assets, non-current assets, board ownership, and board independence display an unfavourable and noteworthy influence on total debt to assets. Return on equity and debt-tax-shield, on the other hand, demonstrate an unfavourable and insignificant impact on total debt to assets. Finally, tangibility and block-ownership manifest a favourable and noteworthy influence on total debt to assets. Conversely, the variables pertaining to firm-specific and corporate governance exhibit noteworthy impact on the ratio of long-term debt to equity. The study recommends that firms should consider past level of debts when setting current debt levels
THE GROWTH IMPACT OF FOREIGN PRIVATE CAPITAL IN NIGERIA
Get PDFThis study examined the impact of foreign private capital (which is the portmanteau for foreign direct investment and foreign portfolio investment) on economic growth in Nigeria, using secondary data for the period 1990 to 2019. Foreign private capital flow consists of net foreign direct investment and portfolio investment. The study used the gross domestic product as the independent variable and a proxy for economic growth while foreign direct investment, foreign portfolio investment, exchange rate, real interest rate, gross fixed capital formation, and inflation rate were used as explanatory variables. The data on the study variables covering the period 1990 to 2019 were collected from the CBN Statistical Bulletin. The study employed the descriptive statistics and empirical estimation techniques (which consist of Augmented Dickey Fuller, Johansen co-integration, and Error correction model as method of data analysis. The results of analysis revealed that all the explanatory variables used in the study had a positive and significant impact on economic growth. However, foreign private capital (foreign direct investment and foreign portfolio investment) was not significant at 5%. Based on the results of the empirical analysis, the study concluded that foreign direct investment and foreign portfolio investment have positive impact on the growth of the Nigerian economy. Nevertheless, the Federal government needs to create more conducive and investment-friendly climate to attract enough foreign investors into the productive sectors of the economy (by identifying and eradicating the root cause of terrorism in Nigeria and its sponsors). The study therefore recommended that the monetary and fiscal authorities in Nigeria should formulate formidable economic policies and create the enabling business environment that is capable of attracting foreign investment into Nigeria
Oil of Poverty, Environmental Degradation and Crisis in the Niger Delta, Nigeria
Get PDFThe Niger Delta is the oil-rich region of Nigeria and exploration of oil started in the region in 1958. Oil, although a natural resource, is like a double-edged sword – with the potential to ‘bless’ or ‘curse’ a nation so endowed, depending on its management. Good or bad management of oil resources has developmental implications for the environment, lives, and livelihoods of the people in the oil-producing areas. Studies have documented the negative impact of oil exploration on the Niger Delta region over the years. In response, some steps have been taken by the government to address the situation. Given this, there is a need for present studies to assess the situation. Therefore, this study investigated the effect of oil exploration on the environment, lives and livelihoods of the people of the Niger Delta region. The study location was Rivers State which was purposely selected among the nine oil-producing states of the Niger Delta region for being the most volatile. In-depth interviews and Focus Group Discussions (FGDS) were used to gather qualitative data from participants. In-depth interviews were administered to 9 males and nine females, ages 18 years and above, randomly selected from the most volatile oil communities. Equally, 6 FGDS were held with two homogeneous groups of males and females, respectively. Each group was comprised of eight participants who were drawn from various segments of the communities - youths, religious leaders, market leaders, family heads, etc.- who were aged 18 years and above. Responses were recorded and later transcribed verbatim. Transcripts were coded using the NVivo 12 software analytical tool. Coding was done based on predetermined themes deductively drawn from the study aim, including oil exploration and environmental degradation, oil exploration and poverty, and oil exploration and crisis. Findings revealed the negative impact of oil on the environment, lives, and livelihoods. Oil exploration has resulted in environmental degradation such as pollution, contamination of water bodies, loss of aquatic life, and destruction of farmlands. These have resulted in the loss of livelihoods, thus culminating in unemployment and poverty amid enormous oil wealth. Similarly, findings revealed that the inequities created by the mismanagement of oil wealth have resulted in anger, which is expressed through constant conflicts within and between communities, between communities and oil companies, and among armed groups, oil companies, and security forces. The study concludes that the various steps taken by the Nigerian government to make oil resources a ‘blessing’ rather than a ‘curse’ to the Niger Delta region have not yielded the desired result. The study recommends that poverty alleviation and livelihood enhancement infrastructures and programs should be made available to the people by the government and oil companies as a matter of urgency to ease the pains of daily living in the region
Editorial
No full textI am delighted to announce the publication of Volume 31, Number 1 (2025) of our esteemed journal, Lagos Notes and Records. This volume comprises ten thought-provoking and well-researched scholarly articles representing contemporary thought across various humanities disciplines, with a particular focus on History and Culture, Literature, Creative Arts, Language and Linguistics, and Religion. Each article provides a unique perspective on pressing socio-cultural, historical, and economic issues, offering a wealth of knowledge to researchers and the general public.
The articles featured in this volume offer fresh insights while engaging with significant social, cultural, and historical concerns. I commend the authors for their scholarly contributions and thank the editors for their diligence. I am confident that these diverse perspectives will stimulate further research and broaden academic conversations across the humanities and beyond.
 
VOLATILITY AND RISK ANALYSIS OF SELECTED COMPANIES IN NIGERIAN STOCK EXCHANGE
No full textThe study introduces GARCH family models in modelling stock returns volatility on investor’s decision-making and risk management in the Nigerian Stock Exchange market. Data (Dangote Cement PLC, Nigerian Flourmill, Guinness PLC, Nestle PLC and Unilever PLC) are sourced from ng.invest.com. The parameters of ARCH and GARCH models are estimated by maximum likelihood estimation method while the Lagrange Multiplier (LM) test is proposed testing heteroskedasticity. The results show that the data obtained within the sample period exhibit non-normality and no presence of autocorrelation in the squared standardized residuals. The FIGARCH model estimates the daily return series of Dangote Cement PLC, Nigerian Flourmill, Nestle PLC and Unilever PLC while the TGARCH model is more suitable for the Guinness PLC within the sampled period based on our diagnostic checks (Akaike Information Criterion (AIC) and the Bayesian Information Criterion (BIC)). These findings are significant as they provide stakeholders with a deeper understanding of the patterns in the series, the leverage effect and make informed decisions on how to manage the associated risks. It is also important to note that the government's intervention in supporting struggling companies through policy creation is crucial, especially during periods of reduced returns and high inflation
AN EXPLICIT FORMULA FOR FUZZY SUBGROUPS OF THE ABELIAN GROUP Z2pn × Z2, n ≥ 1, p ≥ 3
No full textIn this paper, we characterise distinct fuzzy subgroups of the abelian group Z2pn ×Z2, using an enumerative technique derived from the set of representatives of isomorphism classes of subgroups and their sizes. We formulate a linear non-homogeneous recurrence relation of degree one with constant coefficients and apply both the associated linear homogeneous and particular solutions to derive an explicit formula for the number of fuzzy subgroups