Academic literature on the topic 'Nigerian naira'

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Journal articles on the topic "Nigerian naira"

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Mohammed, Dauda, J. Udoma Afangideh, and Oloruntoba S. Ogundele. "Oil Price and Exchange Rate Nexus-Evidence From Nigeria." International Journal of Accounting and Financial Reporting 9, no. 1 (January 3, 2019): 298. http://dx.doi.org/10.5296/ijafr.v9i1.14386.

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Price swings at international crude oil market significantly impact on macroeconomic fundamentals of oil dependent countries. Hence, understanding the relationship between oil price movement and the exchange rate has become imperative especially for oil exporting countries. This paper examines the causal effect between oil prices and Nigerian naira–US dollar exchange rate using frequency daily data for the period 12/07/2010-31/08/2017. Generalized autoregressive conditional heteroskedasticity (GARCH) and exponential GARCH (EGARCH) models were used to estimate our oil prices and nominal naira exchange rate equation. Our findings reveal a positive relation between oil price and naira exchange rate meaning that an upward movement in the price of oil causes the naira to depreciate. Conversely, any fall in oil price leads to appreciation in the value of the naira. The result has important policy implication given that 90% of the total annual foreign revenue of Nigeria comes from oil thus oil price shocks have severe impact on the Nigerian economy. This justifies the need for Nigeria’s economic diversification to minimize the vulnerability of the Nigerian economy to vagaries of the international crude oil market and to delink the exchange rate and reserve movement from developments in oil prices.
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Kabari, Ledisi Giok, Marcus B. Chigoziri, and Joseph Eneotu. "Machine Learning Algorithmic Study of the Naira Exchange Rate." European Journal of Engineering Research and Science 5, no. 2 (February 17, 2020): 183–86. http://dx.doi.org/10.24018/ejers.2020.5.2.1739.

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In this study, we discuss various machine learning algorithms and architectures suitable for the Nigerian Naira exchange rate forecast. Our analyses were focused on the exchange rates of the British Pounds, US Dollars and the Euro against the Naira. The exchange rate data was sourced from the Central Bank of Nigeria. The performances of the algorithms were evaluated using Mean Squared Error, Root Mean Squared Error, Mean Absolute Error and the coefficient of determination (R-Squared score). Finally, we compared the performances of these algorithms in forecasting the exchange rates.
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Ibrahim, Bello A., Musa Talba Jibrin, Daud Mustafa, and Abubakar Jamilu Baita. "Need for Managing own Exposure to Foreign Exchange Risk: Empirical Evidence from the Nigerian Economy." Review of Economics and Development Studies 3, no. 2 (June 30, 2017): 91–100. http://dx.doi.org/10.26710/reads.v3i2.168.

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Purpose: The Nigerian national currency (the Naira) has suffered series of exchange rate fluctuation on numerous occasions in the last two years. As a result, the value of the currency has changed significantly and rapidly many times, impacting on both visible and invisible trade. It is common today to hear importers, exporters and even consumers complaining about the adverse consequences of these trends which manifested in form of general rise in prices of goods and services. Studies have shown that many Nigerian foreign traders, particularly those in the small and medium sector, either lack the basic knowledge on how to manage foreign exchange risk or are skeptical about its efficacy. This is surprising considering how costly, in terms of cash flow and profitability, unfavorable changes in the value of the Naira can be. In response to this gap, this paper utilized secondary data on Naira/Dollar exchange rate spanning over 18 months period (January 2015 to June 2016), to provide an empirical understanding of the intricacies of Naira/Dollar exchange rate and how the resultant trends can affect domestic users of foreign exchange in Nigeria and hence the need to privately manage same. The paper thus introduces the subject matter of foreign exchange risk, its determination/calculation using facts and figures and its management to both the public and private business sectors in Nigeria. The empirical results clearly established why it makes sense for stakeholders to reduce exposure to currency risk. The paper also highlighted some of the common techniques and instruments that can be used to mitigate this risk.
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Daggash, Jibrin, and Terfa W. Abraham. "Effect of Exchange Rate Returns on Equity Prices: Evidence from South Africa and Nigeria." International Journal of Economics and Finance 9, no. 11 (October 7, 2017): 35. http://dx.doi.org/10.5539/ijef.v9n11p35.

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This paper examines the exchange rate returns of the Rand (relative to the US dollar) and the Naira (relative to the US dollar) for the presence of volatility. It also examines the effect of the exchange rate returns on the performance of their respective stock market. While it was found that the returns of the South African Rand was volatile, the Nigerian naira was not. Estimating the effect of exchange rate returns and crude oil price on the stock market indices of both countries showed that exchange rate return have a positive effect on the performance of the Nigerian stock exchange thus, confirming the stock flow hypothesis for Nigeria and refuting same for South Africa. Although the VAR granger causality identifies short run fluctuation of the naira as a significant factor affecting the performance of the Nigerian stock exchange in the short run, the Johannesburg stock exchange was found to be mostly affected by short run changes in the Rand and the UK FTSE 100. The paper concludes that policies aimed at stabilizing exchange rate and encouraing more non-oil stocks to be quoted in the Nigerian stock exchange will important. For the Johanesburg stock exchange, raising the listing requirement for firms quoted in the UK FTSE 100 and also seeking listing or already listed in the JSE will be a plausible idea. For both countries, however, curtailing swings in their exchange rate returns would help attract new investments and sustain existing ones hence, helping to spur growth.
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Abdulkareem, Ibraheem Alani, Mohd Sadad Mahmud, AbdulFattah AbdulGaniyy, and Olanrewaju Atanda Aliu. "Establishment of Waqf to Alleviate Poverty Among Muslims in Oyo State South-West, Nigeria: Test of Theory of Planned Behaviour." Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam 5, no. 2 (December 29, 2020): 1. http://dx.doi.org/10.31332/lifalah.v5i2.2253.

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Poverty is on the increase in Africa in general and specifically in Nigeria despite the numerous poverty alleviation programs of successive governments. Lamentably, most poverty alleviation initiatives have failed to produce meaningful outcomes despite billions of Naira committed to them. Nigerians and Nigeria still ranked among the poorest, with the poverty rate rising since the 1980s. Base on the theory of planned behavior, this study examines the influences of attitude, subjective norm, perceived behavioral control, Religiosity, and available information on the intention to establish Waqf in Oyo state, southwestern Nigeria. Survey data from 218 Islamic scholars revealed that all the variables, as mentioned earlier, except available data, have a significant positive influence on the intention to establish Waqf according to the respondents. Based on the results, the study made relevant policy recommendations regarding how authority can explore Waqf's institution as a formidable alternative to government-driven poverty alleviation programs in the interest of the Nigerian Muslims and the Nigerian Muslims, the larger population cutting across different religions.
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George, Ukpong Iniodu, and Joshua Esther Ifenyinwa. "CURRENCY NOTES AND ASSOCIATED RISK OF NEGLECTED TROPICAL DISEASES: STUDY ON THE NIGERIAN NAIRA." International Journal of Research -GRANTHAALAYAH 7, no. 12 (June 9, 2020): 252–58. http://dx.doi.org/10.29121/granthaalayah.v7.i12.2019.319.

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Currency notes could play a role in the transmission of faeco-oral pathogens. This study aimed at identifying the possible role of the Nigerian Naira in the transmission of some neglected tropical diseases (NTDs) and the implication on their intervention and control in Nigeria. Method: 250 samples of all denominations of mint, dirty and mutilated Naira notes were examined for presence of parasites using the rinse method. Result: 58.4% of notes were contaminated with 161 cysts and ova of a protozoan (45.3%) and helminths (54.7%): Entamoeba histolytica cysts (43.7%), Enterobius vermicularis ova (5.4%), Ascaris lumbricoides ova (34.7%) and Hookworm ova (12.6%). Parasite contamination was independent of currency denomination (X2 =45.4; P=0.05). Mutilated notes harboured more parasites (51.5%) than dirty notes (44.9%). Mint notes had zero contamination. This was statistically significant (X2 =5.6; P<0.05). Polymer notes were more contaminated (51.37%) than paper notes. This study has identified a public health risk and the potential role of the Naira notes in the epidemiology of some NTDs in the study area. Public education on the health implications of the abuse of the Naira, beyond reasons of patriotism is required now. The Central Bank should ensure quick withdrawal of mutilated notes from circulation.
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Walker, Ezekiel Ayodele. "Structural change, the oil boom and the cocoa economy of southwestern Nigeria, 1973–1980s." Journal of Modern African Studies 38, no. 1 (March 2000): 71–87. http://dx.doi.org/10.1017/s0022278x99003250.

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The oil boom that lasted from the early 1970s until about 1983 spawned a phenomenal expansion of the Nigerian economy. Within a few years, oil revenues rose from 1·4 billion naira in 1973 to 12·86 billion naira by 1980. The oil boom led to the assigning of substantial sums of money to the cocoa industry of southwestern Nigeria. In spite of these investments, the cocoa industry stagnated during the oil boom years. Using oral interviews and archival documents, this paper examines structural change in the cocoa industry before the oil boom, and analyses the failure of government rehabilitation programmes during the oil boom years.
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Ayodeji, Idowu Oluwasayo. "A Three-State Markov-Modulated Switching Model for Exchange Rates." Journal of Applied Mathematics 2016 (2016): 1–9. http://dx.doi.org/10.1155/2016/5061749.

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Several authors have examined the long swings hypothesis in exchange rates using a two-state Markov switching model. This study developed a model to investigate long swings hypothesis in currencies which may exhibit ak-state(k≥2)pattern. The proposed model was then applied to euros, British pounds, Japanese yen, and Nigerian naira. Specification measures such as AIC, BIC, and HIC favoured a three-state pattern in Nigerian naira but a two-state one in the other three currencies. For the period January 2004 to May 2016, empirical results suggested the presence of asymmetric swings in naira and yen and long swings in euros and pounds. In addition, taking0.5as the benchmark for smoothing probabilities, choice models provided a clear reading of the cycle in a manner that is consistent with the realities of the movements in corresponding exchange rate series.
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., E. U. Umeh, J. U. Juluku ., and T. Ichor . "Microbial Contamination of ‘Naira’ (Nigerian Currency) Notes in Circulation." Research Journal of Environmental Sciences 1, no. 6 (June 1, 2007): 336–39. http://dx.doi.org/10.3923/rjes.2007.336.339.

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Heap, Simon. "The Nigerian National Archives, Kaduna: An Introduction for Users and a Summary of Holdings." History in Africa 20 (1993): 395–407. http://dx.doi.org/10.2307/3171986.

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The archives for Northern Nigeria, including not only the area north of the Niger and Benue rivers but also present-day Kwara, Kogi, and Benue states, is located at 29 Yakubu Gowon Way, Kaduna, in the heart of the busy central commercial and administrative district of the town. The Kaduna branch of the Nigerian National Archives has a large, comprehensive and unique collection of official papers of the British colonial and Nigerian independence periods; papers of native and local authorities; and newspapers, magazines, and other publications, as well as Arabic manuscripts. The archives is open on weekdays only. From Monday to Thursday its hours are 8:30 to 2:30, while on Friday there is a shortened day: 8:30 to 12:30.No documents will be produced from the repository within one hour before closing time. In 1991 240 visitors made some 800 visits to the Kaduna archives. On each visit, the visitors' book must be signed; signing out at the end of the day is also obligatory. Use of the archives requires the purchase of a searcher's registration card costing 10 naira ($1.00 or 50 pence) for students, 25 naira for others. The card is valid for the other National Archives branches at Ibadan and Enugu and lasts for that calendar year. Renewals are carried out in subsequent years. Photocopying facilities are available, give excellent reproduction, and are cheap—50 kobo (5c/3p) per exposure for students, one naira for other researchers.
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Dissertations / Theses on the topic "Nigerian naira"

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Ojebiyi, Ademola, and Wilson David Olugbenga. "Exchange rate volatility : an analysis of the relationship between the Nigerian naira, oil prices, and US dollar." Thesis, Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hgo:diva-912.

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This study seeks to assess the correlation which exists between exchange rate of Nigerian naira and Unites States dollar and oil price on the basis of monthly data from 1999-2009. The research employ the fundamental variables which were assumed to be the monthly spot crude oil price, monthly exchange rate of Nigeria naira and monthly exchange rate of United States dollar. The empirical result adopted the ordinary least square using regression analysis and also the correlation model which shows that there is a weak/negative relationship between exchange rate and oil price as there are other factors that brings about changes in oil price other than the exchange rate. The activities of cartel pricing policy and oil speculators too have come to greatly affect the price of crude oil, and it will be interesting to examine the impact speculators have on the change in price of crude oil against the normal drivers of crude oil price.
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Akinso, Ayodeji. "Successful Strategies for the Survival of Business Owners in Nigeria." ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5155.

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Small businesses remain the engine of growth in an economy such as Nigeria's economy. The objective of this study was to explore the high failure rate of small businesses during the first 5 years of business activities in Nigeria. The research design for this study was a multiple case study. The targeted population was small-scale entrepreneurs from 3 facilities in the soybean processing industries in Ibadan, Nigeria. The cognitive theory was the conceptual framework for the study. The data collection process was semistructured in-person interviews of 3 successful soy processing business owners. The data analysis process was conducted following the Rowley 4-step process and used the within-methodical triangulation that resulted in thematic answers to the central research question. The process of analysis included: grouping data, regrouping data based on themes, evaluating the information, and recognizing emergent themes. The five themes that emerged from the data were (a) education and training, (b) effective strategies for business profitability, (c) flexible financial strategy, (d) market positioning and, (e) efficient infrastructure. The data were cleaned and transcribed using software to code the features to identify the similarities of data used in the study. From the findings of this study, the implications for positive social change include the possibility to increase the survival rates of small businesses during early years of operation, reduce unemployment, increase tax receipts for the government, and catalyze economic activities, reducing poverty levels.
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""Out of Naija, Straight from Naija": Language, Performativity, and Identity in Nigerian Hip Hop Music." Tulane University, 2019.

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Books on the topic "Nigerian naira"

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Adejoro, M. A. Understanding Naira trends for stability. Ile-Ife, Nigeria: Obafemi Awolowo University Press, 1995.

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Ayodele, A. Sesan. The naira exchange rate adjustment and the promotion of non-oil exports in Nigeria. Ibadan: Nigerian Institute of Social and Economic Research (NISER), 1997.

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Naija Marxisms: Revolutionary Thought in Nigeria. Pluto Press, 2016.

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Mayer, Adam. Naija Marxisms: Revolutionary Thought in Nigeria. Pluto Press, 2016.

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Book chapters on the topic "Nigerian naira"

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Bigi, Brigitte, Oyelere S. Abiola, and Bernard Caron. "Resources and Tools for Automated Speech Segmentation of the African Language Naija (Nigerian Pidgin)." In Human Language Technology. Challenges for Computer Science and Linguistics, 164–73. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-66527-2_12.

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Nwabara, Olaocha Nwadiuto. "Re-producing Self, Community, and ‘Naija’ in Nigerian Diaspora Films: Soul Sisters in the United States and Man on the Ground in South Africa." In Art, Creativity, and Politics in Africa and the Diaspora, 125–49. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-91310-0_7.

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Dosekun, Simidele. "Globally Black, “Naija,” and Fabulous." In Fashioning Postfeminism, 88–115. University of Illinois Press, 2020. http://dx.doi.org/10.5622/illinois/9780252043215.003.0005.

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The chapter concerns how the women position themselves as simultaneously and authentically black, Nigerian and cosmopolitan subjects. The first part of the chapter addresses the racial politics of the women’s habitual consumption of, and deep attachments to, weaves and wigs. It proposes a new theoretical understanding of these beauty technologies as “unhappy” for black women but not, therefore, centered on whiteness. The second part of the chapter argues that Lagos and Nigeria are not merely backdrops to the women’s spectacularly feminine self-stylization but rather enter into its very fabric and logics.
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Schneider, Marius, and Vanessa Ferguson. "Nigeria." In Enforcement of Intellectual Property Rights in Africa. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198837336.003.0042.

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The Federal Republic of Nigeria, known as Nigeria, is the most populous country in Africa and is situated on the Gulf of Guinea in West Africa. It is bordered by Benin, Niger, Cameroon, Chad, and the Atlantic Ocean on the southern border. Nigeria has a total area of 923,763 square kilometres (km) for a population of 190.9 million (2017). The capital of the country is Abuja with an estimated population of 2.153 million. Lagos, the former capital, with a population of over 9 million, is the country’s leading commercial and industrial city. Other main cities include Kano, Onitsha, Aba, Ibadan, Port Harcourt, and Kaduna. The normal working week is from Monday to Friday, from 0800 to 1600. The currency used in Nigeria is the naira (N).
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Agozino, Biko. "Adam Mayer, Naija Marxism: Revolutionary Thought in Nigeria." In ALT 35 Focus on Egypt, 293–302. Boydell and Brewer Limited, 2017. http://dx.doi.org/10.1017/9781787442351.025.

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AGOZINO, BIKO. "Adam Mayer. Naija Marxism: Revolutionary Thought in Nigeria." In ALT 35: Focus on Egypt, 293–302. Boydell & Brewer, 2017. http://dx.doi.org/10.2307/j.ctvc16j1j.28.

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Asogwa, Benjamin Chijioke, Peter Iorhon Ater, and Sani Madi Yakubu. "Impact of Microfinance Bank Credit Scheme." In Global Strategies in Banking and Finance, 158–71. IGI Global, 2014. http://dx.doi.org/10.4018/978-1-4666-4635-3.ch010.

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The purpose of this chapter is to examine impact of microfinance bank credit scheme on maize farmers in Gombe State, Nigeria, using data from 90 randomly sampled maize farmers in Gombe State. The study showed that majority of the respondents (53.33%) accessed amount of credit ranging between 30,000 and less than 50,000 Naira. Majority of the farmers (85.56%) used their credit for the purpose of farm production. Majority of respondents (58.89%) recorded in increase in maize output as result of the intervention of the microfinance credit scheme. Majority of the respondents (86.67%) repaid credit collected. The microfinance credit scheme intervention significantly improved the output and income of the respondents. Ineffective organizational structure of the credit institutions constituted the major constraint in accessing microfinance credits. Microfinance credit facilities extended to the farmers should be improved upon in both quantity and quality. The organizational structure of microfinance institutions should be reorganized to reduce bottlenecks in accessing credits.
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Abu, Godwin Anjeinu, Steve A. Okpachu, and M. Mallam. "Economic Impact Assessment of the National Fadama Development Project on Rural Farming Communities in Niger State of Nigeria." In Food Systems Sustainability and Environmental Policies in Modern Economies, 264–75. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3631-4.ch012.

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The chapter tested the hypotheses that the National Fadama Development Project had no significant effect on the income of Fadama farmers and that there is no difference in the profit of sugar cane and rice, the two major crops cultivated in the project. Primary data were collected in 2007 through the use of questionnaire randomly administered to 150 farmers in Niger state who are Fadama beneficiaries. Data collected were analyzed using descriptive statistics, t-test, and gross margin analysis. The results of the study showed that sugar cane gave the highest gross margin of N93,460 and rice with a gross margin of N 51,051 gave the highest return per Naira invested of 1.77. The study showed that the difference between the pre-project and post-project income was insignificant at 5%. Scarcity of production inputs and the attendant environmental degradation were the constraints experienced in the project. The chapter concludes that Fadama projects positively impacted on beneficiaries by sustainably increasing farm income. The chapter recommends that the National Fadama Development Project should make timely provision of subsidized production inputs.
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