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This edition of eAfrica contains five articles and one special feature. The articles deal with Nigeria’s anti-corruption campaign, the way Africa is coping better with high oil prices than expected, findings by an observer group of serious failure...
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The study is divided into five sections. The first substantive part of the paper attempts a theoretical exposition on the Nigerian state upon which the paper’s analyses are anchored. The second reflects on Nigeria’s political economy of oil, under...
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"Nigeria is the most populous country in Africa. The 2006 provisional census counted over 140 million people, 64 percent of whom live in rural areas. These rural areas are undergoing radical, noticeable change, particularly in the agricultural sec...
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"The study attempted to characterize the nature and determinants of bank distress in Nigeria, as well as the approaches adopted by the supervisory agencies to ensure that banks operate safe and sound practices. In doing this, it combined a non-n...
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"In the attempt to explain some of the possible causes of the instability, particularly in the principal currency, our study looked at the macroeconomic policy characteristics of all six phases of the auction system between September 26 1986 and D...
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"Infrastructure has been identified as the key constraint to private sector development in Nigeria. Hence, this study analysed the cost of power outages to the business sector of the Nigerian economy using both a survey technique and revealed pref...
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"The study has four primary objectives. The profile of agricultural policies over the 1970–1993 period is the first. The profile includes agricultural policies in the development plans and annual and ad hoc budgets; it also covers fiscal and monet...
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"This study provides measures of real capital flight from Nigeria based on the residual method adjusted for exchange rate fluctuations and trade misinvoicing. The portfolio choice approach is explored, in which the flow of capital is accumulated i...
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"The study focuses on the effect of gradual deregulation in a developing economy on the efficiency of banks and the banking sector. It assesses whether the policy package results in an improvement in the technical efficiency of the industry. This ...
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"This study concentrates on capital flight and external debt in Nigeria. The study will focus on the definition, magnitude, determinants, mechanisms and consequences of capital flight. The analysis will also explore the possible measureable asse...
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"Although Sino-Nigeria relationship dates back to more than three decades, recent developments call for a careful and detailed analysis of this relationship and to this end, we seek to provide analysis of the relationship with respect to investmen...
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"This study aims to provide additional insights into the relationship between governance mechanisms and firm financial performance in Nigeria. The article focuses on the five dimensions of corporate governance,abstracting from other dimensions suc...
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"Vulnerability measures are becoming tools for evolving proactive steps to alleviate poverty. Against this backdrop, this study examined the determinants of expected poverty (a measure of vulnerability) among rural households in Nigeria. The mai...
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"This study examines the determinants of aggregate imports and its components in Nigeria between 1953 and 1989. The estimated equations rest on the stock adjustment import exchange model that has its roots in the balance of payments theory and in...
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"This study examines the impact of top management changes on stock returns in Nigeria from 1997 to 2005. The study also reflects on the impact of board composition and politics on shareholders’ wealth. The test of shareholder wealth effects around...
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"This paper examines the effect of budget deficit on the current account balance in Nigeria, covering the period from 1973 to 1993. This is motivated by the fact that the magnitude of government has increased with amazing rapidity since the early ...
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"This study investigates the efficiency of microenterprises in the Nigerian economy, using cross sectional data collected on 180 microenterprises selected from block-making, metalfabricating and sawmilling occupational groups. Quantitative estimat...
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"The paper is organized as follows: Section II reviews the development of the parallel forex market in Nigeria and Section III looks at the risk/return characteristics implicit in this simplest trading strategy of "buy and hold" an optimal portfo...
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"In this study, the impact of exchange rate depreciation witnessed in Nigeria between 1986 and 1989 on the structure of sectoral prices under alternative pricing regimes was investigated. To this end, a model useful in simulating these impacts was...
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"This study examined the quantitative effects of exchange rate depreciation on inflation, government revenues and expenditures, and money supply in Nigeria. Our objective was achieved through the use of a macroeconometric model that captures the...
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