Browsing by Author "Adu Cecilia Adurayemi"

Now showing 1 - 8 of 8
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    Banking Sector Consolidation and Stock Market Performance
    (International Journal of Behavioral Social and Movement Sciences, 2014-10) Adu Cecilia Adurayemi
    In this paper, an attempt has been made to address the impact of banking sector consolidation on the stock market performance in Nigeria between 2001 and 2012.The introduction to the banking system in Nigeria was discussed, some literatures were reviewed ,past challenges in the capital market, consolidation exercise between 2004 and 2009 were looked into. The secondary source of data was used to analyze if there was any significant relationship between the banking sector consolidation and stock market performance before, during and after the consolidation exercise. It was concluded that banking consolidation policy on its own could not increase stock market returns but there must be adequate mix with other monetary and fiscal policy instruments to produce desired result.
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    Cashless Policy and Its Effects on the Nigerian Economy
    (European Journal of Business, Economics and Accountancy, 2016) Adu Cecilia Adurayemi
    The paper discussed the effects of cashless policy on the Nigerian economy, how it was kick-started in Lagos, means of payments (both manual and electronic), positive and negative effects of cashless policy, benefits to the economy and stakeholders, suggestions were made to the Nigerian government on how to curb some of the negative effects and to improve on the implementation of the policy.
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    Cooperative Societies in Nigeria: Prospects and Problems
    (International Journal of Behavioral Social and Movement Sciences, 2014-06) Adu Cecilia Adurayemi
    This study examined the meaning of cooperative societies, types, formation, roles played by cooperative societies in the economic development of Nigeria, the problems faced by cooperatives and their prospects, brief history of how cooperative societies began and concluded by stating how government could be of help to the cooperative societies in Nigeria.
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    Fraud: The Causes, Typologies, Monumental Effects and Combative Measures.
    (International Journal of Management, IT and Engineering, 2013) Adu Cecilia Adurayemi; Ojo Matthias Olufemi Dada
    In this paper, an attempt was made to address the problem of fraud in our society. Definitions of fraud were given to explain its meanings to the understanding of the readers. Attempt was also made in highlighting and explaining the typologies of fraud which exist in the society and its causative factors were also examined. The monumental effects of fraud on the individuals, organizations and society at large were mentioned and thoroughly explained. The combative measure from the angles of protection and detection were also scrutinized. Finally, the paper recommends that corruption should be squarely tackled in our society and the combative measures should be adhered to by all the stakeholders, doing this, will go a long way in addressing the problem of fraud in our society.
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    Impact of Microfinance Banks on The Saving Habits of Rural dwellers In Igbesa, Ogun State. Nigeria (A Study of Lapo Microfinance Bank, Igbesa Ogun State)
    (Crawford Journal of Postgraduate Studies, 2021) Adu Cecilia Adurayemi
    The study investigated the impact of microfinance banks on the banking habit of rural dwellers in Igbesa town in Ogun State, Nigeria. One hundred (100) customers were purposively selected. The sample was taken on a single day to avoid multiple representation of each element.The result of the study showed that microfinance bank services have positive relationship with savings habits of the rural dwellers in Igbesa, Ogun state. Specifically, Microfinance Bank services (β=321, p<05) had significant positive relationship with savings habit of the rural dwellers who operated bank accounts with the microfinance bank. The findings also showed that the availability of Microfinance Bank services could explain 10.3% of the possibility that the rural dwellers (bank account owners with the Microfinance Banks) chances of saving habits. Besides, Microfinance Bank services had a significance positive impact (F (1,83) = 9.559, p<. 05) on saving habits of the rural dwellers in Microfinance Bank customers. Additional Microfinance Banks should be made available in rural communities in order to encourage and improve the savings habits of the rural people.The study recommended that federal government should review the activities of microfinance banks because most microfinance banks have derailed from the core mandate. Services of the microfinance banks should be reviewed and improved to encourage more rural dwellers to patronize microfinance banks.
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    Microfinance Banks’ Loan Size and Default in Some Selected Microfinance Banks in Lagos State, Nigeria
    (International Conference on Education and Social Sciences, 2019-02) Adu Cecilia Adurayemi; Owualah Ikechukwu Sunday; Babajide Ayopo Abiola
    The study investigated the extent to which loan size has contributed to default rate of MFBs borrowers in Lagos State having a population of one hundred and seventy eight with a sample size of twenty microfinance banks located in the state capital. Two hundred copies of questionnaire were administered while one hundred and eighty two were returned for analysis using linear regression.It was found out that loan size and instalment size play significant roles in greater risk of default than lending rate. A unit increase in loan size and instalment size increases harzard ratio by 1 unit at 1 per cent level of significance. The result thus indicated unfavouarable survival rate for the micro finance clients which implies that the loan size could significantly result to increase in risk associated with client’s non -repayment. This shows that the effect of loan size and the instalment size during loan default is highly significant such that the higher the loan size and instalment size, the more the risk associated with it during a period of default. However, lending rate seems not to play a dominant role in influencing loan default though it could contribute to loan failure but not significant as expected. It was suggested that loan size should be based on certain percentage of a borrower’s net income.
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    Microfinance Bank’s Client-Enterprise Profitability And Loan Failure in Ogun State, Nigeria
    (International E-Journal of Advances in Social Sciences, 2019) Adu Cecilia Adurayemi; Owualah Ikechukwu Sunday; Babajide Ayopo Abiola
    The study investigated the client-enterprise profitability and loan failure of microfinance banks’ (MFBs) borrowers in Ogun State with a population of forty seven MFBs where twenty MFBs were selected as sample size for this study. The survey design was used through the administration of questionnaire. The linear regression method was used in analysing data and it was found out that effective monitoring and constant record checking were ensured by the microfinance banks’ staff that made the borrowers keep records of their business transactions through the positive correlation with loan size structuring, (X2 =171.859; pvalue < 0.01 and correlation coefficient =0.416; p-value <0.01); enterprise profitability further confirmed the highest hazard on period of default with further evidence from the Omnibus tests of model coefficients (X2 = 38.645, degree of freedom=5, P-value<0.001) as indicated in the statistical relevance of the model. It was recommended that there should be an interactive session (interview) between the loan manager and borrower for the establishment of facts stated in the loan request form; quality cash-flow analysis of the enterprises should be properly done before loan is granted to small and medium scale enterprises (SMEs) likewise there should be an effective monitoring of loan usage by monitoring team of the microfinance banks to avoid diversion.
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    Welfare Funding and Cooperative Society in Nigeria: A Study of Crawford Cooperative Society
    (Crawford Journal of Politics, 2021-06) Adu Cecilia Adurayemi
    Cooperative societies are social and voluntary organizations that accept and lend out funds to their cooperators at a minimal rate of interest with guarantors and not collaterals. This study examined Welfare Funding and Cooperative Societies in Nigeria with a study of Crawford Cooperative Society. The study used a sample size of 100 members from a population of 275 members. The study adopted the ordinary least square (OLS) regression as the statistical method to test the cooperative funding on individual's welfare in Crawford Cooperative. The study adopted OLS to measure the relationship between dependent and independent variables coupled with the Statistical Package for Social Sciences (SPSS) for the analysis of data. It was found out that there is a significant relationship between the cooperative funding and individuals' welfare in Crawford Cooperative and it was recommended that efforts should be made to maintain the interest on loan by the cooperative members so as not to affect their ability to pay back.