Department of Anatomy

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Browsing Department of Anatomy by Author "Sanni, Micheal Rotimi"

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    Post Consolidation Profitability Ranking of Nigerian Banks
    (European Journal of Humanities and Social Sciences, 2012) Sanni, Micheal Rotimi
    This paper ranked nineteen (19) out of the existing twenty-four (24) post 2006 consolidation banks in Nigeria on the basis of their cumulative Earnings Per Share (EPS) from 2006-2010 Four banks were excluded because their financial reports for the whole period were not available The fifth was excluded because it was foreign owned for the greater part of the period under review This exercise was done against the back ground of speculations that only eight (8) of the exiting hanks are healthy while six (6) are said to be at the verge of extinction Bath the descriptive and ANOVA statistical methods were used to analyze the data sourced from the published financial statements of the banks over the period under review Findings showed that the post consolidation EPS mean of nine (9) of the banks were above average. There is a significant difference between the mean EPS of the top most banks and the rescued ones. Zenith Bank, First Bank, UBA and GTB are the four top leading banks while Intercontinental Bank, Unity Bank, Wema Bank and Fin Bank are at the bottom of the ladder. The mean EPS of the 2009 rescued banks are negative. They definitely need more than the 2009 bailout to survive. The ongoing merger talks among the banks and the. signing of Memorandum of understanding by them with core investors are therefore seen as the right steps in the right direction
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    Potency of Monetary and Fiscal Policy Instruments on Economic Activities of Nigeria (1960-2011)
    (Journal of African Macroeconomic Review J.A.M.R Journal of African Macroeconomic Review, 2012) Sanni, Micheal Rotimi
    The paper empirically investigated the use of fiscal policy and monetary policy in controlling the economic activities in Nigeria. This was done with the aim of finding out which of the two policies is superior to another. Time series data (from 1960-2011) were sourced from the Central Bank of Nigeria. (CBN) on such economic variables as Debt Financed Deficits (DFD), Fiscal Deficit Ratio (FDR) and Money Printing Financed Deficits (MPFD)-(proxies for fiscal policy) on one hand and monetary policy. proxy by Narrow Money Supply (MI) and Broad Money Supply (M2) on the other hand. The data were analyzed using Error Correction Mechanism (ECM) method Findings showed that monetary policy instruments exert more influence on the economy when all the five variables were used. The exclusion of MPFD however indicated otherwise. Though no causality exists between the GDP and cach of the variables, the probabilities of the GDP not granger causing monetary policy instruments are less than those of fiscal policy instruments. The conclusion one can easily reach is that none of the policies can be said to be superior to another and that a proper mix of the policies may enhance a better economic growth