Human history reveals a universal desire for security. Early societies relied exclusively on family and tribe cohesiveness for their security. With industrial development, migration to cities and urbanization, this security service weakened and was augmented by privately purchased and government...

As part of its development promotion roles, and as the managing agent of the Agricultural Credit Guarantee Scheme Fund (ACGSF), the Central Bank of Nigeria (CBN), sought to evolve a viable and sustainable credit strategy with a built-in growth factor that would improve the level lending under...

The impressive pace of global reserve growth has become an important issue and subject of controversy on the international policy agenda. External reserves management is an important activity in most Central Banks. Sound reserve management strategies strengthen the public's confidence in...

Recently in Nigeria a benchmark price for crude oil was adopted for the purpose of estimating oil revenue in order to mitigate the unnecessary disruptions of the annual budgetary processes and stabilize revenue. This strategy was initially experimented for the appropriation bill of 2002 and...

Capitalization of interest, from the financial stand-point, refers to the cost associated with the borrowing of funds, or obtaining a loan in order to finance the acquisition of certain fixed assets. The focal point of this paper is an examination of the nature of the costs of fixed assets that...

Data refers to facts, figures or pieces of information. Data will be used synonymously with statistics which may be defined as tabulated numerical facts pertaining to a specific subject or an aspect of it. In all aspect of life, statistical data form the basis of decisions and actions. In small...

Following the success of Audit Commission in the United State of America, it was introduced in Nigeria through the promulgation of Companies and Allied Matters. Act CAMD ‘90 (now CAMA 2004). So far, the compliance with the Act is not in doubt as seen in published accounts of quoted companies....

The main objectives of Economic community of west African states (ecowas) were the eventual elimination of all tariffs and trade barriers between members, the establishment of a customs union, unified fiscal policy and co - ordination of regional policies in transport ,communication, energy and...

According to Suzanne Labarge, Chief Risk Officer, Royal Bank of Canada. “Risks in itself is not bad, what is bad is risk that is mismanaged, misunderstood, mispriced or unintended”. Managing risk or minimizing risk exposure is increasingly becoming the single most important issue for...

This study is concerned with public expenditure and growing incidence of poverty in South Eastern States of Nigeria. The objectives of the study are to determine the impact of poverty on human development, to examine the implications of government budgetary allocation (to selected area of...