Nigeria

Cultural Value Orientations and Satellite Television Preference in Nigeria (Published)

Culture comprises the whole complex of distinctive spiritual, intellectual and emotional features that characterize society, our thought about life, and our ideas. Culture shape the way we see world; it has capacity to bring about the change of attitudes needed to ensure peace and sustainable development which is known as the only possible way forward for life on planet earth. Considering the prominence of Satellite television as a virtual medium, this study sought to know the influence of media imperialism and the claim that it has affected and undermined local Nigerian norms and values. More so, this study examined the cultural value orientation and satellite television preference in the south-western states of Nigeria, the region that is fully immersed with her culture. It specifically examined how satellite television has affected the knowledge, belief, art, morals, law, customs and any other capabilities and habits acquired by Nigerians as a member of the society. The research methodology utilizes descriptive statistics with a self-designed questionnaire used to elicit information from a sample of 180 respondents.  The formulated hypotheses were tested at 0.05 level of significance using multiple regressions. The findings of the study revealed that the relationship between satellite television preferences and cultural value orientation is high, positive and statistically significant. It was therefore recommended among others that television operators and producers should revamp the culture through interesting educative programme.

Keywords: Consumer preference, Nigeria, cultural value orientations, satellite television

Building Foreign Reserve in Nigeria: The Role of Oil and Non-oil Exports (Published)

This paper provides empirical evidence linking exports and foreign aid to international reserve accumulation. Country-specific data spanning from 1981-2015 on oil and non-oil exports and foreign aid in Nigeria were sourced from Central Bank of Nigeria Statistical Bulletin and analyzed using error correction mechanism (ECM) in addition to unit root and cointegration tests. As observed from the Augmented Dickey-Fuller test unit root, the variables are mixed integrated. Long run relationship was established amongst the series from the Johansen cointegration test result. The parsimonious ECM that lagged values of oil exports impact positively on foreign reserve holding. 1 percent increase in lag two of oil exports leads to 0.367 percent in the external reserve. Similarly, the first lag of non-oil exports is positively linked to external reserve. With 1 percent increase in non-oil exports, international reserve increases by 0.499 percent. The error correction estimate (-0.5099) indicates that the model is well behaved as any short run disequilibrium in the system is reconciled at the speed of 50.9 percent to achieve long run equilibrium position. On the basis of the findings, it is concluded that exports are helpful in boosting the foreign reserve holding in Nigeria. Thus, this paper recommends for the diversification of the export base in order to keep the foreign reserve holding on the path of rapid and sustainable growth.

Keywords: Foreign Reserves, Nigeria, Non-Oil Exports, foreign aid, oil exports

Organisational change and employees’ responses in the Nigerian oil and gas industry (Published)

This paper aims to examine the relationship between organisational change and exit, voice, loyalty and neglect (EVLN) behaviours of employees in the Nigerian oil and gas industry. By adopting a quantitative approach, the tools employed in analysing data collected through the use of questionnaires from 322 employees are factor analysis from the Analysis of Moments of Structure (AMOS 22.0) for windows. The study statistically revealed that organisational change is positively and insignificantly correlated to the Nigerian oil and gas employees’ exit, voice, loyalty and neglect behaviour. These findings reveal the type of sector employees’ work for and the role of trade unions in times of change. This study is intended to support managers and practitioners in assessing and evaluating organisational change programmes, particularly in the context of a developing country like Nigeria that is heavily dependent on revenues from the oil and gas sector.

Keywords: Nigeria, Oil and gas industry, confirmatory factor analysis, evln, organisational change

Influence of Mobile Photography on Outdoor Commercial Photographers in Federal University of Technology, Akure, Nigeria (Published)

The influence of mobile photography in recent times is enormous as the number of persons with camera fitted smartphones increase. The World is engrossed in images from mobile photography through social media feeds. Many of these images may fall short of professional quality, due to limited skill of actors, nonetheless, they are increasing being deployed for visual communication. The business of commercial campus portrait photographers is threatened by these nascent mobile photographic developments. This study examined the impact of mobile photography and its corresponding social media usage on the business of commercial portrait photographers in Federal University of Technology, Akure (FUTA), using a descriptive research approach. 294 staff, 267 students and 13 photographers who were sampled randomly for the study were administered structured questionnaire. Their responses were analyzed using test of proportion and percentages. The results obtained reveal that many members of the university community use their smartphones for capturing images of self and of others. The results further reveal a decline in the demand for print copies of photographs. Consequently, these developments signify reduced patronage of campus commercial photographers, who made the confirmation from reduction in their engagements and earnings. Many of the photographers are already making adjustments in their service offerings, as recommended by this study, if the campus must remain a viable business environment for them.

Keywords: Akure, Federal University, Nigeria, Technology, mobile photography, outdoor commercial photographers

Management of Teachers’ Psychosocial Needs and Their Job Performance in Universities in South-South Zone of Nigeria (Published)

The study investigated the relationship between management of lecturers’ psychosocial needs and job performance in universities in South-South, Nigeria. Three research questions and three null hypotheses guided the study. The study adopted a correlational research design. The population of the study comprised all the 9999 lecturers in all the 0000 universities in South-South zone of Nigeria. The sample of the study comprised 999 lecturers. The simple random sampling technique was used to arrive at the sample. Two instruments titled Management of Lecturers’ Psychosocial Needs Scale (MLPNS) and Job Performance Scale (JPS) were used for data collection. Face and content validities were ensured by experts. Cronbach alpha statistics was used to compute the reliability coefficients of MLPNS and JPS to be 0.87 and 0.72 respectively. Simple and multiple regression were used to answer the research questions while t-test and ANOVA associated with simple and multiple regression were used to test the null hypotheses at 0.05 alpha level.   

Keywords: Job Performance, Nigeria, Teachers’ Psychosocial, Universities

Corporate Social Responsibility in Nigeria: A Critical Review of the Literature (Published)

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The paper reviews existing literature on Corporate Social Responsibility (CSR) to ascertain the level of corporate social responsibility activities that will enhance the performance/profitability of businesses in Nigeria. It revealed that the success of an organization depends on the extent to which the organization is capable of managing its relationship with key groups, such as financial and stakeholders, but also customers, employees, and even communities or societies. Stakeholders must be considered in the decision making process of the organization. CSR is a concept that includes many different activities and actions which businesses have to involve themselves in for the purpose growth sustainability and growth of businesses. Businesses that voluntarily participates in local community development, such as providing the community with donations, assisting them with projects and sharing some of its profit with the community, helps to increase the business profitability in the long-run.

 

Keywords: CSR, Literature, Nigeria, Organisation, Performance

Impact of Primary Mortgage Institutions’ Investments on Economic Growth in Nigeria (1995-2017) (Published)

The study examined the impact of primary mortgage institutions’ investments on economic growth in Nigeria; for the period 1995-2017. Secondary data were used and collected from Central Bank of Nigeria Statistical Bulletin. The study employed Gross Domestic Product as proxy for Economic Growth and used as the dependent variable; whereas, Primary Mortgage Institutions Investment, Primary Mortgage Institution Deposit, Primary Mortgage Institutions’ Loan and used as the explanatory variables. Hypotheses were formulated and tested using Ordinary Least Square econometrics techniques.  Primary mortgage institutions’ investments had asignificant impact on Gross Domestic Product in Nigeria. Primary mortgage institutions’ deposithad a significant impact on Gross Domestic Product in Nigeria. Primary mortgage institutions’ loan had a significant impact on Gross Domestic Product in Nigeria. The coefficient of determination indicated that about 68% of the variations in economic growth can be explained by changes in primary mortgage institutions’ investments variables in Nigeria.The study concluded that primary mortgage institutions’investments had a significant impact on economic growth in Nigeria.The study recommended that the Federal Mortgage Bank of Nigeria should relax some of the regulations guiding the operations of the PMIs and liberalize the subsector for more effective performance. The primary mortgage institutions should redirect major parts of their loan able funds to building and renovation of residential buildings instead of concentrating on commercial buildings and neglecting residential properties. Such redirection is expected to increase their impact on provision of housing and enhance their contributions to real estate development in Nigerian economy. Allocation under the Land Use Act of 1978 that has made land acquisition more difficult should be readdressed. The delay in getting Certificate of Occupancy is a major problem. Government should review or repeal the Act to enable easy land acquisition by individuals.

Keywords: Economic, Growth, Institutions, Investments, Nigeria, Primary Mortgage

Corporate Governance and Return on Assets of Quoted Banks in Nigeria (Published)

This study examined the influence of corporate governance on return on assets of quoted banks in Nigeria. The study used secondary data from 2013 to 2017.Data sourced from selected Annual Report and Accounts of three Quoted banks by the Nigerian Stock Exchange. The study utilised both Descriptive Statistics and Ordinary Least Square-Multiple Regression method with the aid of using E-view 9 to analyse the data. The results shown that, the corporate governance has significant influence on return on assets as (F-statistics = 23.46, P <0.05). The results further indicate that, the proportion of shareholders more than 10,001 share, board of composition size and bank size exerts a positive and considerable relevance to return on assets of quoted banks in Nigeria and bank size has significant influenced on return on assets with (β=2.09, t=3.94, p<0.05). Findings suggest that board of directors size of quoted banks in Nigeria should not be too large and must be meeting regularly to effectively and efficiently carry out their oversight functions and responsibilities

Keywords: Banks’, Corporate Governance, Multiple Regressions, Nigeria, Return on Assets

Effect of Relationship Marketing and Relationship Marketing Programs on Customer Loyalty (Published)

This study examines the relationship between relationship quality and customer loyalty. Specifically, the study seeks to investigate the influence of customer trust, satisfaction and commitment on loyalty and to ascertain the effect of the relationship marketing program adopted by pension firms on customer loyalty. Regression analysis is used to test the model based on data obtained from a sample of 354 customers of pension service firms from Nnamdi Azikiwe University, Awka. Anambra state. The results provide evidence to support the effect of customer trust and satisfaction on customer loyalty. The contribution of commitment to the model is not supported. Additionally, support was found for the effect of relationship marketing program on loyalty. Firms may consider building relationship with customers by engendering a feeling of trust; invest in customer satisfaction and recruit and train socially, and service oriented frontline employees to create strong ties with customers.

Keywords: Commitment, Nigeria, Pension, Relationship Marketing, Satisfaction, Trust

Effect of Petroleum Profit Tax on Economic Growth in Nigeria (Published)

The study examines the effect of petroleum profit tax on economic growth of Nigeria. Income from petroleum taxes is the proxy for PPT while economic growth was measured using Gross Domestic Product (GDP). The research adopted expos-facto research as secondary data were used for the analysis. Data were sourced from the Central Bank of Nigeria Statistical Bulletin and the Federal Statistical Bureau. The study covered twelve year period (2004-2015). Time series data were analyzed using the simple linear regression.  The results reveals that  PPT had positive and significant effect on Nigerian GDP. The study recommends that the government should provide the necessary human and material infrastructures that are needed to support petroleum business so they can earn more income that will boost taxation.

Keywords: Gross Domestic Product, Nigeria, Petroleum Profit Tax, economic growth