Aso-ebi culture originated from the Yorubas. The original idea of aso-ebi was for the easy identification of family members during a landmark event. It was also meant to serve as a means of reinforcing social identity and solidarity among group members. The culture has gained acceptance and...

Family-owned businesses in Nigeria and other nations of the world play important roles in economic growth and development some of which include creation of employment opportunities, maintenance of competition, stimulation of indigenous entrepreneurship, wealth creation, innovations and...

Consumption plays a significant role in determining the size of the multiplier and the dynamic effects of the economy shock. It also constitutes the largest component of the aggregate expenditure of an economy. As a result, economists have propounded theories in a bid to explain the determinants...

Street vending is an integral component of urban economies around the world and has become a common phenomenon in most of the developing countries. It constitutes a significant proportion of the informal sector activities in Africa, Asia, and Latin America. Despite this recognition, research has...

Agriculture used to be the mainstay of the Nigerian economy contributing over 70 percent to the country's total output and accounts for over 90 percent of total food consumption. However, the performance of the sector has drastically deteriorated since the discovery of crude oil in 1956. The...

The rate of capital flows into the emerging markets is alarming and has become a subject of debate in the literature. It is mostly believed that capital flows are beneficial to the economies of the developing countries as it engenders the efficient allocation of global resources thereby...

The study examines the relationship between capital inflows and exchange rate for the Nigerian economy between the periods of 1986-2014. A monetary policy indicator such as M2GDP is also introduced in the model. Estimated results show that capital inflows granger cause exchange rate suggesting...

This paper examines the relationship between capital flows, exchange rate, and growth for the Nigerian economy for the periods 1986-2014. Employing the vector autoregressive (VAR) approach, empirical findings from the impulse response reveals that capital inflows respond negatively to changes in...