This piece presents data published by the Central Bank of Nigeria on currency, bank deposits and other financial assets, to enable us evaluate Professor Charles Soludo's 'banking reform proposals'. We show that Soludo's proposals emanated from his misconceptions on cash,...

The paper investigated the impact of stock market on economic growth in Nigeria from 1981 to 2016 using a three-equation simultaneous-equations model in a Three Stage Least Square (3SLS) estimation technique. The paper found that stock market positively spurs economic growth in Nigeria...

Understanding the pattern of stock market volatility is important to investors as well as for investment policy. Volatility is directly associated with risks and returns, higher the volatility the more financial market is unstable. The volatility of the Zimbabwean stock market is modeled using...

This case study is about Jaiz Bank Plc, Nigeria. Jaiz Bank was carved out in 2012 from Jaiz International Plc, a public company incorporated in 2003. Jaiz Bank commenced operations with three branches in Abuja, Kaduna and Kano states in 2012, after it received license from the Central Bank of...

Emerging market economies (EMEs) have increased their reserves holdings primarily for self-insurance. The South African Reserve Bank (SARB) has accumulated its foreign exchange (FX) reserves for the same reason, recognising the need to reduce external vulnerability. Both debt issuance and the...

In this paper stock market development as proxied by market capitalisation is examined. The study period is January 2010 to May 2019. The data frequency is monthly. The paper concentrates on the Zimbabwe Stock Market, but briefly walks through Stock Markets in Africa. Examining stock market...

This study sets out to model non-bank public's desired holdings of five different measures of money in the Nigerian economy. These are currency outside banks (COB), demand deposits (DD), narrow money (M1), quasi money (QM), and broad money (M2).The study addresses many of the pitfalls involved...

Global concern on financial involvement of country citizens has been increasing over the years. An improved financial sector transforms to economic growth and greater achievement of equality among citizens. On average financial literacy levels of men are far greater than that of women. The study...

The effect of corporate governance failure and agency behaviour on stock market prices has long been of great interest to financial economists, behavioural scientists and capital market researchers. Yet there is to date no consensus over what constitutes an effective governance mechanism that...

This paper investigates the statistical properties of stock returns in the West African regional stock market and the link between the West African regional stock market and economic growth. To examine the nature of the distribution of West African regional stock returns, the daily closing...