INTRODUCTION The growth and development of an economy, depends greatly on how the country’s capital market thrives. The capital market can be an important facilitator of economic growth (Applegarth, 2004). Osaze (2000) is of the view that the capital market drives any economy to growth and development because the long term growth capital formation stems from it. Economic growth in a modern economy hinges on an efficient financial sector that pools domestic savings and mobilizes foreign capi...
ABSTRACT The very essence of democracy and democratization and its practices anywhere in world resolves, and should of course, be contingent on the aspirations of the people which such government serves. However,the misfortunes of democratic project in Nigeria since the beginning of Nigeria’s nationhood is largely bereft of ideas, lack of progress, arbitrariness and the overall insulation of the people’s rights and privileges as enshrined in the Constitution. This tendency therefore corro...
ABSTRACT The media are an indispensable agent of development in any nation given their invaluable contribution to governance as a watchdog and partner in progress with other arms of government. In a developing country like Nigeria, the mass media have been instrumental to the delivery and consolidation of the current democratic experience. Within this context, this paper examines the role the media have played and continue to play in the socio-political and socio-economic reengineering of str...
ABSTRACT In spite of various reforms over the years, the Nigerian banking sector has continued to experience a number of bank failures. The period of 1994-2013 witnessed a wave of systemic distress culminating in another round of bank failures. Not-withstanding the heavy impact this ugly and recurring development has inflicted on this sector, the 2004 Banking Sector Reforms swept away 14 additional banks while the 2009 sanitization affected additional 7 commercial banks. The tenacity of ban...