Department of Finance

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    Universal Banking in Nigeria: Challenges and Promises
    (Department of Banking and Finance, University of Ado-Ekiti, 2001) Ayodele, Thomas
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    Loan Administration in Nigeria Cooperative Societies
    (University of Maiduguri., 2008) Ayodele, Thomas
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    Effects of Cooperative Societies on Rural Development: A Case Study of Ondo State
    (University of Maiduguri., 2008-06) Ayodele, Thomas
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    Effects of Financial Liberalization on Commercial Banks Performance
    (University of Maiduguri., 2009-12) Ayodele, Thomas
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    The Global Economic Downturn and Nigeria's Capital Market Temporary Misfortune: Lessons for the Future
    (African Review of Social and Management Sciences(AFROSMS), 2010) Akinyede, Oyinlola
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    The Effects of Bad and Doubtful Debts on Banks Profitability and Investment Growth
    (University of Maiduguri., 2010-12) Ayodele, Thomas
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    Determinants of Capital Adequacy in the Banking sub-sector of the Nigeria Economy: Efficacy of Camels.(A Model Specification with Co-Integration Analysis)
    (HRMARS, 2011-09-15) Williams, Harley Tega
    This study investigates the impact of banks characteristics, financial structure and macroeconomic indicators on banks Capital base in the Nigerian banking industry. The study does not account for ratio analysis in the computation of capital adequacy but rather it examines the determinant of Capital adequacy in Nigeria during the period 1980 – 2008 within an error correction framework. Co-integration technique revealed that economic indicators such as rate of inflation, real exchange rate, demand deposits, money supply, political instability, return on investment are most robust predictors of the determinants of capital adequacy in Nigeria. After the global credit crunch capital adequacy, being critical for banks, led the study to examine the relationship between bank capital base and macroeconomics variables. This implies that political stability may reduce financial distress and bankruptcy why Foreign investment will affect Banks capital in most developing economy in the period of financial crisis . However, the study also establishes that there is a negative relationship between inflation and banks capital base as inflation erode banks capital in most developing economy. This simply means that Nigerian government should regulate investment policy why banks regulators should strive to keep inflation rate at a minimum level, if possible below 5% for them to be more efficient so as to be globally competitive.
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    Stock Performance and Equity Selection in Nigerian Capital Market
    (University of Maiduguri., 2011-12) Ayodele, Thomas
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    An Empirical Analysis of Capital Adequacy in the Banking Sub-Sector of the Nigeria Economy
    (International Journal of Economics and Finance, 2012-05-05) Williams, Harley Tega
    The paper sets out to examine the impact of capital adequacy in the banking sub-sector and the growth of Nigeria economy. It specifically seeks to ascertain the effect of bank capital base and macroeconomic variables. Nigeria’s data set from CBN statistical bulletin (2009) during the period 1980-2010 was used. It employed the error correction framework and co-integration techniques to test the relationship between bank capital base and macroeconomics variables. This implies that political stability may reduce financial distress and bankruptcy why foreign investment will affect Banks capital in most developing economy in the period of financial crisis. However, the study also establishes that there is a negative relationship between inflation and banks capital base as inflation erode banks capital in most developing economy. This simply means that Nigerian government should regulate investment policy why banks regulators should strive to keep inflation rate at a minimum level, if possible below 5% for them to be more efficient so as to be globally competitive.
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    Nigerian Debt Burden and the Bogey of Debt Service
    (Cenresin.org, 2012-06) Ayodele, Thomas
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    Capital Budgeting Decisions and the Multiple Rates of Return Controversy- A Review
    (Journal of Business and Organizational Development, 2012-09) Ayodele, Thomas
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    Small Scale Industries and Financing Challenges in the Rural Areas
    (Elixir Pubishers, 2012-09-18) Ayodele, Thomas
    Small Scale Enterprises have been recognized to be the main engine of economic growth and a major factor in promoting private sector development and partnership in the developing economies of the world. The enterprises in this category have not only brought about substantial local capital formation, it has really increased the level of productivity and capabilities of the dwellers of the rural commodities thereby redistributing the nations income and curbing rural-urban drift of citizens. However, despite the benefit accruable from the development of Small Scale Industries (SSI), little attention has been paid to its improvement by various tiers of government because of the distance between the government and the local dwellers. Also, lack of infrastructural facilities like power supply, provision of water, accessible roads to link the rural communities to the commercial centers, and non – availability of formal financial institutions have negatively affected the optimum performance of the various Small Scale Enterprises in Nigeria. Therefore the thrust of this paper is to assess how far the Small Scale Industries have been thriving in the face of various problems ranging from infrastructural to financial, confronting the entrepreneurs in the local communities and the effects of such constraints and problems on their business and how the problems can be ameliorated in order to improve the welfare and enhance the social economic development of the citizens at the grassroots. The population for the study comprises the small scale entrepreneur in Osun State of Nigeria. The sample consists of Iwo Local Government Area and Ola Oluwa Local Government Area. The two local councils are predominantly of villages and towns which can be regarded as real grass root communities and the major enterprises being practiced is the small Scale type. Out of this population, 200 respondents randomly chosen were served questionnaires, in which 153 respondents returned their questionnaire filled. The researcher also made use of oral interview with the officials of the Ministry of Commerce and Industry in Iwo Zonal office serving the two local councils as well as using some relevant data from the internal Revenue Board of Osun State. For the analysis of the data, simple percentages were used to classify the responses of the respondents and Chi-square (x2) was used to test the various hypotheses proposed. The findings of the study indicate that Small Scale business entrepreneurs have no access to funds from the formal financial institutions (Banks) due to non-availability of banks in these rural areas and where there are few of the banks, the formality of processing loans and the interest on such loans have been very discouraging. Due to this, majority of the respondents make use of non-bank financial institution like thrift and cooperative societies, and also get financial assistance through Revolving Loan Scheme (ESUSU) and Daily Contributions Arrangement (AJO). However, in spite of all these challenges, it was found out by the researcher that investing in small scale business in these areas has great prospect and thus profitable to the owners. Small scale businesses have really served as a very charitable linkage between the source of raw materials and the usage of such materials by the large scale counterparts in the state. Also, of small scale business have thrived greatly by helping the rural dwellers to have access to the finished products of large corporations through buying and selling.
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    An Empirical Investigation of the Liquidity-Profitability Relationship in Nigerian Commercial Banks
    (Journal of Economics and Sustainable Development, 2013) Ayodele, Thomas
    Abstract The study critically assessed the relationship between liquidity and profitability of Nigerian commercial banks. Purposive sampling method was used to select First Bank Nigeria Plc as the case study being the oldest and the biggest among the 24 commercial banks currently operating in Nigeria. Secondary data collated from First Bank’s annual reports of ten years (2002 square was employed to analyse the data. Student’s t show that there is a very high correlation between liquidity of banks and their profita shows that liquidity is a determining variable when it comes to banks profitability. To this end, it was therefore recommended that the monetary authority should create a conducive environment that can boost banks’ liquidity which will eventually transform to loanable funds and profit. Also, the Nigerian commercial banks are advised to put in place efficient liquid management to forestall insolvency and bankruptcy
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    REDINGTON IMMUNIZATION THEORY APPROACH TO HEDGING INTEREST RATE RISK IN INSURANCE COMPANIES IN NIGERIA
    (2013-10) Afolabi, Taofeek Sola
    Unstable interest rates due to unstable government policies, inflations or actions of the apex bank has contributed to the inability of insurance companies in Nigeria to meet their obligations, in forms of benefits, claims or assurances as at when due, as accounted for by THE low development in the sector. By adopting Tzeng, Wang and Soo’s linear programming model1, developed from Redington’s classical immunization strategy and using data from the balance sheet of insurance companies in Nigeria, this research work shows how an insurance company’s assets can be immune against interest rate risk. It further reveals that the multiplier-effects of the solution to this problem on the insurance sector and the Nigerian economy at large cannot be over-emphasized.
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    Managing Assets and Liabilities in Commercial Banks: A Study of Selected Banks in Nigeria
    (Nigerian Journal of Business and Entrepreneurship, 2014) Ayodele, Thomas
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    An Investigation Into some Factors Influencing The Intention To Use Internet Banking Among Undergraduates in Nigeria
    (IISTE.Org, 2014) Ayodele, Thomas
    The advent of globalization has brought innovation to business and development to the world in general. This development is also pronounced in the banking sector where internet facilities are used to bring about better banking services thereby leading to the achievement of the one of the cardinal goals of the Millennium Development Goals. This study investigated some factors that can influence the intention to use internet banking among undergraduates in a private university in Oyo, Oyo State, Nigeria. The subjects were made up of students from a private university drawn from three faculties. The study employed survey research with questionnaire used as data collection instrument. Three hundred and fifty-seven subjects cutting across different departments in the university. Five hypotheses were tested using multiple regression, correlation analysis and t-test. The study revealed that the six factors (triability, capability, compatibility, perceived risk, perceived ease of use and perceived usefulness) used in this study had positive significant relationship with the intention to use internet banking. These factors also influenced the intention to use internet banking. Based on the findings of this study, it was recommended among others that banks in Nigeria should take into consideration technological development of the country when introducing innovative services. The banks should also consider the level of education before the introduction of world class technology.
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    Risk Management In Nigeria Banking Industry
    (IISTE.Org, 2014) Ayodele, Thomas
    The research paper examined the risk management in the Nigerian banking industry. First bank of Nigeria PLC was used as the case study being the oldest and the biggest bank out of the twenty- three (23) banks currently operating in Nigeria economy. The data used for the study were collected majorly from primary source through the distribution of questionnaires to respondents in the bank. Simple percentages were used to analyze the respondents’ responses to each of the question while Chi- square ( ) and the Analysis of Variance statistic (ANOVA) were used to test the stated hypothesis. The analysis revealed that risk in the likelihood of fraud and forgery, operational risk, market risk and system risk abound in the Nigeria banking operations which needed to be managed appropriately in order to improve performances and profitability of the banks. Based on the research findings, it was discovered that Nigeria banking operations are affected more by credit risk and operational risk than market risk. Fraud and forgeries also play adverse role in banking daily operations. However, the risk management techniques put in place by the banks have really curbed or reduced the various risks confronting Nigeria banks. It was therefore recommended among others that Nigeria government should strengthen the legal framework for the enforcement of loans repayment from borrowers to banks upon loan maturity. And that financial regulator must adopt risk management approach that is in complete compliance with international standards focusing on the financial and operational risks faced by banks so as to guide against any risks associated with the banking operations and existence.