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Theoretical, ethical and strategic issues in liberalization and globalization: the case of cross-border banking
The author analysed the fundamental claim of equilibrium theory and the derived claims applied to cross border banking and showed that the claim lack empirical content. It also reviewed recent history of globalization of finance to show that every major banking, currency or sovereign debt banking has been preceded by deepening and widening of financial liberalization
Effects of poverty on risk attitudes of farmers in Benue state Nigeria
The Nigerian agriculture is characterised by low productivity low fam incomes and low levels of
technological adoption and we inefficient production technique. This poor state of Nigerian agriculture is related to farmers\u27 attitude towards risk in the adoption of production techniques, as well as risk in the production and socioeconomic environment, this study therefore sought to specifically to: determine the extent of poverty among farmers in the area; assess the risk attitude of the farmers and determine the effect of poverty variables on risk attitude of farmers. A multi-stage random sampling technique was used for selection of respondent. Data were generated from both primary and secondary sources. The collected data were analysed using descriptive statistics, the Foster-Greer-Thorbecke poverty measure, safety first model of risk determination and multiple regression analysis. Results showed that majority of the farm households were poor, and that poverty determined their observed economic behaviour
The Nigerian banking industry and cross-border trasactions post consolidation
This article provides a broad examination of post-consolidation activities of Nigerian banks with respect to cross-border banking. It also focus on the role consolidation in promoting cross-border banking which has not been sufficiently articulated in recent literature, given that most available studies focus on the effects of the consolidation on financial stability and soundness
Cross-border banking: the road ahead and lessons from emerging markets in Europe
This paper focuses on the regulatory challenges posed by the growth of cross-border banking, lessons from the emerging markets in Europe. It also highlights that authorities in sub-Sahara Africa, and Nigeria, in particular, could draw from European experience
Implications of cross-border banking for financial integration in the West African sub-region
The paper sets out to review developments in cross-border banking in the West African sub-region and implications of the growth of cross-border banking institutions for financial integration in West Africa. This paper noted that initial efforts at cross-border banking in the sub-region were led by Ecobank Transnational Incorporated with the active support of the Economic Community of |West African States (ECOWAS), which acquired substantial shares in the bank, Regional approach to cross-border banking and financial integration in the sub-region has complimented the market approach facilitated by private enterprise. Regional efforts have been intensified but problems remain with the numerous barriers to the free movement of goods, services and capital. While cross-border banking can facilitate financial integration, there are a number of implications which require policy remedial actions and safeguards for the benefits of cross-border banking to be enjoyed by both home and host economies. The safeguards are in the areas of cooperation between home and host regulators and supervisors to ensure that cross-border banks are comprehensively supervised as well as ensure that risks are identified and analyzed wherever they occurred. The exchange of information between regulators and application of risk-based consolidated supervision is necessary to contain systemic risks. The paper concluded that the issue is not to halt financial globalization but, to put in place, mechanisms that will detect banking crises before they occur; and when they do occur, to apply remedial actions to contain and reverse the problems
Cross-border banking in Nigeria: any role for deposit insurance authorities?
This publication which is on cross-border banking in Nigeria with an emphasis on the role of deposit-insurance authorities also focus on concepts and practices of deposit insurance schemes and some other features of deposit insurance system.
The global financial crisis: lesson for bank supervisors
The author emphasized on the cross-border issues that were learnt as a consequence of the global financial crisis, it provided some high level discussion about some of the international initiatives from standard setters and concluded with risk-based supervision
The regulatory challenges of cross-border banking in the era of post- banking consolidation in Nigeria
This article focused on banking reforms in Nigeria; cross-border supervision challenges; government safety-nets; insolvency resolution; early intervention; crisis prevention; capacity building and data integrity
Cross-border banking: issues in corporate governance in Nigeria
The article discussed the role of corporate governance in cross-border banking as well as the structure and composition of the board of banks in Nigeri
Foreign direct investment and manufacturing exports in Nigeria.
The potential impact of foreign direct investment (FDI) on recipient and investing economies is of considerable policy interest (Pain and Wake/in, 1997). Important to the theory of foreign investment in Nigeria is the question whether foreign investors coming to Nigeria are marketseeking or export-driven. This finding is relevant to economic managers in the design and implementation of appropriate macroeconomic policies to attract FDJ. It is also relevant to investigate whether FD/ contributes to the overall capacity of developing economies to export. This study investigates the contribution of FD! to manufacturing exports in Nigeria. Using firm level data collected from 232 manufacturing firms in Nigeria, probit regression analysis revealed that FD/ does not significantly contribute to manufacturing exports in Nigeria. This finding supports that of Soderbom and Teal (2002) and Nunnenkamp (2002) that FD/ in developing countries like Nigeria are not export-driven but are attracted by certain economic fundamentals within the economy like market size and the availability of natural resources