Nigeria

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

Effect of Intellectual Capital on Corporate Valuation of Quoted Pharmaceutical Firms in Nigeria (Published)

This study examined the effect Intellectual Capital(IC) can affect corporate valuation of firms quoted in Nigeria. The study adopted the Panel Research Design as used Time Series and Cross-Sectional Data. Data covered a ten- year period (2004-2013). Simple Random Sampling was employed in selecting firms for this study.   Data were sourced from the firms’ annual financial statements using content analysis approach. Market valuation data were sourced from the Nigerian Stock Exchange. Intellectual Capital(Independent Variable) was measured using Human Capital Efficiency (HCE), Structural Capital  Eficiency(SCE) and Capital Employed Efficiency (CEE). Market to Book Value Ratio(M/BV) and  Earnings per Share(EPS). The study adopted the Value Added Intellectual Coefficient (VAIC) Model as developed by Pulic(1998) to examine the effect of  Intellectual Capital on  firms’ values. Multiple Regression Correlation Analysis was used on the data at 5% level of significance. E-View Statistical Tool version 8.0  was used in the analysis. The results reveal that Human Capital Efficiency has a positive and significant effect on Market/Book Value. SCE has a negative and insignificant effect on M/BV; CEE has negative and significant effect on M/BV; positive and insignificant effect on EPS. In view of our findings, the study recommends that companies should invest substantial part of their earnings on human capital via knowledge development as such investments are capable of stimulating the value creation potentials of their staff and can get investors  place higher premium on them.

Keywords: Corporate Valuation, Intellectual Capital, Nigeria, Pharmaceutical Firms

Personality Characteristics and Employee Affective Commitment: Nigeria Experience (Published)

This study investigates the relationship between personality characteristics and organisational Affective Commitment of Bank employees in Nigeria. The sample consisted of two hundred and ten (210) respondents from ten (10) purposively selected area offices of banks in Port Harcourt. The Spearman’s Rank Order Correlation Coefficient Statistical Technique in Statistical Package for Social Sciences (SPSS) was used for the analyses of data. It was revealed that a positive and significance relationship exist between the five facets of personality characteristics and Affective commitment. These outcomes show that managers have the responsibility of devising ways to understand and effectively manage personality traits of their employees as each of these facets have potentials to be low or high that yields different results to the organisation. Banks should adopt personality tests at employment interview points to enable them identify employees whose talents can be optimised at work.

Keywords: Characteristic, Commitment, Employee, Nigeria, Personality