Search results
1 – 10 of over 2000Purpose: Central bank digital currency (CBDC) is non-physical or the digital equivalent of physical money issued by a central bank. Nigeria became the first African country to…
Abstract
Purpose: Central bank digital currency (CBDC) is non-physical or the digital equivalent of physical money issued by a central bank. Nigeria became the first African country to issue a CBDC, popularly known as the eNaira. This chapter highlights the redesign features that eNaira should possess to offer payment solutions and macroeconomic stability effectively.
Methodology: The chapter used discourse analysis to highlight the features the eNaira should possess.
Findings: The chapter suggests that the eNaira should have an interest-bearing status, have enhanced security features, and offer zero transaction costs on eNaira transactions. These are design features which the eNaira presently lacks.
Originality: This chapter is the first to suggest redesign features for an already issued CBDC. It is also the first to highlight the design features of a CBDC in the African continent.
Details
Keywords
Christy Olabisi Adeeko and Airen Adetimirin
Library anxiety is a phenomenon that is different from other academic anxiety, which has implication on physical use of libraries. This study aims to investigate the phenomenon of…
Abstract
Purpose
Library anxiety is a phenomenon that is different from other academic anxiety, which has implication on physical use of libraries. This study aims to investigate the phenomenon of library anxiety among undergraduates in federal universities in North-central, Nigeria.
Design/methodology/approach
Descriptive survey of the correlational type was adopted for the study. Purposive sampling technique was used in selecting five conventional federal universities, three homogenous faculties and six departments through multistage sampling technique. Five percent of the undergraduates (797) were selected from a total sample of 15,933. The instrument used was measuring scale on library anxiety (MSLA) developed by Bostick (1992). Descriptive statistics such as percentage mean and standard deviation were used to analyse the research questions.
Findings
The findings revealed that majority of the undergraduates (85.0%) experienced moderate level of library anxiety across the universities at varying degree. The most prevalent aspect of the library anxiety experienced by the undergraduates was inadequate knowledge of the library (x. = 2.14).
Research limitations/implications
The study selected five conventional universities out of the seven federal universities in North-central, Nigeria.
Originality/value
Based on the findings, the study recommends library orientation programme for the undergraduates to increase their knowledge of the library. Likewise, the library staff should be more approachable and friendly so as to alleviate the library anxiety experienced by the undergraduates.
Details
Keywords
NIGERIA: Central bank will struggle against inflation
This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…
This paper aims to analyse the role of central bank digital currency (CBDC) in bank earnings management and focus on how CBDC activity might influence banks to engage in accrual…
Abstract
Purpose
This paper aims to analyse the role of central bank digital currency (CBDC) in bank earnings management and focus on how CBDC activity might influence banks to engage in accrual earnings management using loan loss provisions (LLPs) and the implications for earnings quality.
Design/methodology/approach
The paper used conceptual discourse analysis to explain the role of CBDC in bank earnings management.
Findings
Banks will use accruals, such as LLPs, to manage earnings when CBDC-induced bank disintermediation leads to a reduction in bank deposits, a reduction in bank lending and a likely reduction in reported earnings. Bank managers will mitigate the reduction in reported earnings by lowering discretionary LLPs to increase reported earnings.
Originality/value
The recent emergence of CBDC in the digital currency universe has led to increased research interest on the role of CBDC in corporations and society. This study contributes to the literature by focusing on banks, and examining the effect of CBDC on bank earnings management.
Details
Keywords
Ummi Ibrahim Atah, Mustafa Omar Mohammed, Abideen Adewale Adeyemi and Engku Rabiah Adawiah
The purpose of this paper is to propose a model that will demonstrate how the integration of Salam (exclusive agricultural commodity trade) with Takaful (micro-Takaful – a…
Abstract
Purpose
The purpose of this paper is to propose a model that will demonstrate how the integration of Salam (exclusive agricultural commodity trade) with Takaful (micro-Takaful – a subdivision of Islamic insurance) and value chain can address major challenges facing the agricultural sector in Kano State, Nigeria.
Design/methodology/approach
The study conducted a thorough and critical analysis of relevant literature and existing models of financing agriculture in Nigeria to come up with the proposed model.
Findings
The findings indicate that measures undertaken to address the major challenges fail. In view of this, this study proposed Bay-Salam with Takaful and value chain model to solve a number of challenges such as poor access to financing, poor marketing and pricing, delay, collateral requirement and risk issues in order to avail farmers with easy access to finance and provide effective security to financial institutions.
Research limitations/implications
The paper is limited to using secondary data. Therefore, empirical investigation can be carried out to strengthen the validation of the model.
Practical implications
The study outcome seeks to improve the productivity of the farmers through enhancing their access to finance. This will increase their level of production and provide more employment opportunities. In addition, it will boost financial inclusion, income generation, poverty alleviation, standard of living, food security and overall economic growth and development.
Originality/value
The novelty of this study lies in the integration of classical Bay-Salam with Takaful and value chain and create a unique model structure which the researchers do not come across in any research that presented it in Nigeria.
Details
Keywords
Nkechinyere Rose Uwajumogu, Ebele Stella Nwokoye, Kingsley Chike Okoli and Mgbodichimma K. Okoro
We assessed the differential effects of social expenditures on males and females by establishing the impact of public expenditures on education and health on gender parity in…
Abstract
We assessed the differential effects of social expenditures on males and females by establishing the impact of public expenditures on education and health on gender parity in primary and secondary enrollment and on gender parity in life expectancy for Nigeria given age dependency ratio, annual population growth rate, and GDP per capita growth rate. We found that increased social spending on health and education increased female education enrollment which was hitherto lower than male enrollment. Again, increased social expenditure on health and education improved male life expectancy which was hitherto lower than female life expectancy. We established the importance of increased social expenditure on health and education; gender budgeting and gender-sensitive budgets; and implementation of inclusive growth policies in engendering gender parity in Nigeria.
Details
Keywords
Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
Finance Minister Wale Edun on October 23 announced that a major inflow of USD10bn was expected in the coming weeks to ease liquidity in the foreign exchange market. The…
Details
DOI: 10.1108/OXAN-DB283588
ISSN: 2633-304X
Keywords
Geographic
Topical
Stephen Kelechi Dimnwobi, Favour Chidinma Onuoha, Benedict Ikemefuna Uzoechina, Chukwunonso Sylvester Ekesiobi and Ebele Stella Nwokoye
Given the ever-growing fiscal commitments of Nigeria and her chequered history of electricity generation and distribution, the fortunes of the energy sector in the country have…
Abstract
Purpose
Given the ever-growing fiscal commitments of Nigeria and her chequered history of electricity generation and distribution, the fortunes of the energy sector in the country have been affected by the prevalence of energy poverty. Government policies such as public capital expenditure (PCE) present a crucial option for reducing energy poverty in Nigeria, providing the purpose of this study.
Design/methodology/approach
To investigate the relationship between government capital spending and five distinct energy poverty proxies, this research applies the Bayer–Hanck cointegration system and the auto-regressive distributed lag (ARDL) bound test.
Findings
The findings indicate that public capital spending in Nigeria worsens energy poverty by reducing access to electricity, urban electrification, renewable energy consumption and renewable electricity generation, with a positive but insignificant influence on rural electrification.
Originality/value
This inquiry presents a pioneering investigation of the nexus between PCE and energy poverty in Nigeria. Also, aside from the variables of energy poverty adopted by existing studies, this study incorporates renewable energy consumption and renewable electricity output with implications for energy poverty and sustainable development.
Details