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The Effects of Mergers and Acquisition on Corporate Growth and Profitability
GLOBAL JOURNAL OF BUSINESS RESEARCH ♦ VOLUME 7 ♦ NUMBER 1 ♦ 2013 THE EFFECTS OF MERGERS AND ACQUISITION ON CORPORATE GROWTH AND PROFITABILITY: EVIDENCE FROM NIGERIA Sylvester Feyi Akinbuli, University of Lagos, Distance Learning Institute Ikechukwu Kelilume, Lagos Business School ABSTRACT It is a widely held view that a strategic solution to financial distress in corporate organizations is mergers and acquisitions. This view remains a presumption, which has not been empirically tested through a research study. Corporate organizations facing difficulty have in recent times often followed or are compelled by regulators to follow the path of extensive reconstruction through mergers and acquisitions, apparently as the only option to liquidation. This paper fills a gap in the literature by investigating the effects of mergers and acquisitions on the efficiency, growth and profitability of corporate organizations in the post consolidated environment of the Nigerian banking industry. The methodology used is a survey of companies incorporated in Nigeria under the Companies and Allied Matters Act [1990], which have undergone a merger or an acquisition process. The elements of the survey were selected randomly. A total of ten incorporated banks were selected using simple random sampling technique. The collected data were analyzed using key financial ratios. The results support the idea that mergers and acquisitions are not a prima facie solution to the problem of financial distress in corporate organizations. This is especially so when mergers are regulatory imposed than business environment driven. The study further revealed that while mergers and acquisitions can drive growth and profitability in some organizations, operating efficiency suffers at least in the short-term in the post merger and acquisition corporate entity. -
Urban Governance and Turning African Ciɵes Around: Lagos Case Study
Advancing research excellence for governance and public policy in Africa PASGR Working Paper 019 Urban Governance and Turning African CiƟes Around: Lagos Case Study Agunbiade, Elijah Muyiwa University of Lagos, Nigeria Olajide, Oluwafemi Ayodeji University of Lagos, Nigeria August, 2016 This report was produced in the context of a mul‐country study on the ‘Urban Governance and Turning African Cies Around ’, generously supported by the UK Department for Internaonal Development (DFID) through the Partnership for African Social and Governance Research (PASGR). The views herein are those of the authors and do not necessarily represent those held by PASGR or DFID. Author contact informaƟon: Elijah Muyiwa Agunbiade University of Lagos, Nigeria [email protected] or [email protected] Suggested citaƟon: Agunbiade, E. M. and Olajide, O. A. (2016). Urban Governance and Turning African CiƟes Around: Lagos Case Study. Partnership for African Social and Governance Research Working Paper No. 019, Nairobi, Kenya. ©Partnership for African Social & Governance Research, 2016 Nairobi, Kenya [email protected] www.pasgr.org ISBN 978‐9966‐087‐15‐7 Table of Contents List of Figures ....................................................................................................................... ii List of Tables ........................................................................................................................ iii Acronyms ............................................................................................................................ -
Lekki Phase One
HAVEN HOMES ... live your dreams LEKKI PHASE ONE RCCG 3 MTN VFS R EXOUSIA A D OFFICE GLOBAL DUNAMIS B R O O U FREEDOM ROAD FREEDOM ROAD U T N D L E THE DOME K CHURCH S K E I - E M P E O E X H P S R E N E M S E O S H V W N A A E Y V H A 4 T H A H B R O O KUSENLA ROAD U U T N D 3 Haven Homes Welcome! e are delighted to invite you to our new exciting project W“RICHMOND PEARL ESTATE” located on Freedom Way by Lekki Phase 1 an upscale and high brow part of Lagos. Richmond Pearl Estate offers easy access to Victoria Island (Central Business District of Lagos), Ikoyi, Banana Island and other parts of Lekki all within 5-15 minutes drive. Developed by Haven Homes, the developers of the Richmond Gate Estate 1, 2 and 3 which is known as the celebrity Lifestyle Estate of Nigeria and also called the Beverly Hills Estate of Nigeria. Richmond Pearl Estate incorporates topnotch amenities, affordable luxury living experience and serves as a hub for wise investment decisions. www.thehavenhomes.com 4 Haven Homes General Features Facilities in The Estate: 24-hours 24-hours Centralised Centralised Optional power security water System Sewage Multimedia supply System cabling Interlocked Energy efficient Fire alarm for Recreational Fibre Optics road networks Lightening common areas Facilities Cabling round the estate www.thehavenhomes.com 5 Haven Homes Haven Homes aven Homes is owned by Nigerian professionals who were originally based in the United Kingdom and have seen the need to build homes in Nigeria with ultra perfect finishes and regal fittings that can only provide a truly unique Hand comfortable haven. -
Updated List of International Money Transfer Operators in Nigeria As At
UPDATED LIST OF INTERNATIONAL MONEY TRANSFER OPERATORS IN NIGERIA AS AT APRIL 01, 2021 SN OPERATOR ADDRESS AFTAB CURRENCY Pall Mall Court, 61-67 King Street, 1 Manchester, M2 4PD, United EXCHANGE LIMITED Kingdom 173 Upper Street London, NI IRG United 2 AZIMO LIMITED Kingdom 44 Whalebone Lane South Dagenham, Essex 3 BELYFTED LIMITED RMB 1BB, United Kingdom 47 Stanley Road Stevenage Hertfordshire SG2 4 CAPEREMIT UK LIMITED OEE United Kingdom 157, Deptford High Street SE8 3NU, London 5 CASHPOT LIMITED United Kingdom Unit 46, Dartford Business Park (Basepoint) 6 CENTREXCARD LIMITED Victoria Road, Dartford DA1 5FS, Kent, UK 239 East 5th Street Suite 4B New York, 7 CHIME INC. NY 10003 United States Plot 5 Chief Yesefu Abiodun Way Oniru, 8 COLONY CAPITAL LIMITED Victoria Island Lagos 9 CP EXPRESS LIMITED 346 Barking Road London, E13 8HL DT&T CORPORATION 10 3 Harbour Exchange Square London E14 9GE LIMITED 4th & 5th Floors, Fortune Tower 27/29 11 eTRANZACT LIMITED Adeyemo Alakija Street Victoria Island Lagos Classified as Confidential FIEM GROUP LLC DBA 1327, Empire Central Drive St. 110-6 Dallas 12 PING EXPRESS Texas 6492 Landover Road Suite A1 Landover 13 FIRST APPLE INC. MD20785 Cheverly, USA FLUTTERWAVE 14 TECHNOLOGY SOLUTIONS 8 Providence Street, Lekki Phase 1 Lagos LIMITED FORTIFIED FRONTS LIMITED 15 in Partnership with e-2-e PAY #15 Glover Road Ikoyi, Lagos LIMITED FUNDS & ELECTRONIC 16 No. 15, Cameron Road, Ikoyi, Lagos TRANSFER SOLUTION FUNTECH GLOBAL Clarendon House 125 Shenley Road 17 COMMUNICATIONS Borehamwood Heartshire WD6 1AG United LIMITED Kingdom GLOBAL CURRENCY 1280 Ashton Old Road Manchester, M11 1JJ 18 TRAVEL & TOURS LIMITED United Kingdom Rue des Colonies 56, 6th Floor-B1000 Brussels 19 HOMESEND S.C.R.L Belgium IDT PAYMENT SERVICES 20 520 Broad Street USA INC. -
Locational Analysis of Primary Health Facilities in Ikorodu Local Government Area of Lagos State Using Multimedia GIS Approach By
International Journal of Scientific & Engineering Research Volume 9, Issue 5, May-2018 2008 ISSN 2229-5518 Locational Analysis of Primary Health Facilities in Ikorodu Local Government Area of Lagos State using Multimedia GIS Approach By Akinpelu, A.A., Ojiako, J.C., Amusa, I.A. & Akindiya, O.M. ABSTRACT Health care services deal with diagnosis and treatment of disease or the promotion, maintenance and restoration of health. The locational analysis of Primary Health Centres in Ikorodu Local Government Area of Lagos State was examined using Multimedia GIS approach. The study adopted GIS and Remote Sensing methods to look into the locations of these Primary Health care centres spread across the local government area. Geospatial database of the facilities was designed and created from where analyses were performed. Primary and secondary data types were used. The primary data are the X,Y coordinates of the Primary Health Centres while the secondary data were the administrative maps of the study area. The analyses included spatial queries, attributes queries and hyperlink that involved linking the spatial data with the pictures and audio files in the database done with ArcGIS 10.3. The spatial query showed that 5 wards have no PHC, 10 wards have 1 each, 5 wards have 2 each and 1 ward has three PHCs. The attribute query showed that 9 PHCs are located via good roads, 8 via fair roads and 6 via bad roads. Linking the picture and audio files were possible by using field-based hyperlinks and defining a dynamic hyperlink using the Identify tool. The aim and objectives of the study were achieved and recommendations were made in line with the findings. -
Foreign Exchange Auction No.13/2003 of 19Th February, 2003 Foreign Exchange Auction Sales Result Applicant Name Form Bid Cumm
CENTRAL BANK OF NIGERIA, ABUJA TRADE AND EXCHANGE DEPARTMENT FOREIGN EXCHANGE AUCTION NO.13/2003 OF 19TH FEBRUARY, 2003 FOREIGN EXCHANGE AUCTION SALES RESULT APPLICANT NAME FORM BID CUMM. BANK S/N A. SUCCESSFUL BIDS M'/'A' R/C NO APPLICANT ADDRESS RATE AMOUNT AMOUNT PURPOSE NAME REMARKS 1 S. A. ODUBANJO COY LTD. MF0339974 66325 81, ARIARIA INT MARKET , ABA, ABIA STATE 128.5000 39,638.99 39,638.99 FLOAT GLASS ACCESS 0.0477 2 ANTHONY OLAWALE BIRCH AA0803921 A0022053 FLAT 89,BLOCK C15,CBN QUARTERS, WUSE, ABUJA, FCT 128.5000 60.00 39,698.99 REM/EVALUATION OF FOREIGN EDUCATIONAL CREDENTIALSGUARANTY TRUST 0.0001 3 CADBURY NIG PLC MF0161304 4151 LATEEF JAKANDE RD, AGIDINGBI, LAGOS 128.1100 43,727.82 83,426.81 LC/SPARE PARTS FOR INDUSTRIAL MACHINERY, HS CODE-6813.9GUARANTY 0.0525 4 ENUTRACO NIGERIA LIMITED MF0427355 28168 NO. 9 ORAIFTE ROAD NNEWI 128.1000 35,230.69 118,657.50 VARIOUS SPARE PARTS, BRAKE LININGS, FAN BELTS,UBA CLUTCH PLC FACINGS. 0.0423 5 ZENITH CONTAINERS LTD MF0273167 12612 PLOT 136, TRANS AMADI IND LAYOUT, PORT HARCOURT, RIVERS 128.0500 306,720.00 425,377.50 LC/432 MTS HIGH DENSITY POLYETHYLENE( FILM GRADE)GUARANTY TRUST 0.3681 6 INT'L PLASTICS LTD MF254621 6551 PLOT 4C IJORA CAUSEWAY LAGOS 128.0500 41,195.20 466,572.70 PROPLY VINCHY UBN PLC 0.0494 7 MAYOR ENG CO LTD MF273766 28664 PLOT68 IKORODU IND EST LAGOS 128.0500 1,878,000.00 2,344,572.70 STEEL BILLETS UBN PLC 2.2537 8 ECONET WIRELESS NIG.LTD. -
Here Is a List of Assets Forfeited by Cecilia Ibru
HERE IS A LIST OF ASSETS FORFEITED BY CECILIA IBRU 1. Good Shepherd House, IPM Avenue , Opp Secretariat, Alausa, Ikeja, Lagos (registered in the name of Ogekpo Estate Managers) 2. Residential block with 19 apartments on 34, Bourdillon Road , Ikoyi (registered in the name of Dilivent International Limited). 3.20 Oyinkan Abayomi Street, Victoria Island (remainder of lease or tenancy upto 2017). 4. 57 Bourdillon Road , Ikoyi. 5. 5A George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited), 6. 5B George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited). 7. 4A Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited). 8. 4B Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited). 9. 16 Glover Road , Ikoyi (registered in the name of Michaelangelo Properties Limited). 10. 35 Cooper Road , Ikoyi, (registered in the name of Michaelangelo Properties Limited). 11. Property situated at 3 Okotie-Eboh, SW Ikoyi. 12. 35B Isale Eko Avenue , Dolphin Estate, Ikoyi. 13. 38A Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Meeky Enterprises Limited). 14. 38B Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Aleksander Stankov). 15. Multiple storey multiple user block of flats under construction 1st Avenue , Banana Island , Ikoyi, Lagos , (with beneficial interest therein purchased from the developer Ibalex). 16. 226, Awolowo Road , Ikoyi, Lagos (registered in the name of Ogekpo Estate Managers). 17. 182, Awolowo Road , Ikoyi, Lagos , (registered in the name of Ogekpo Estate Managers). 18. 12-storey Tower on one hectare of land at Ozumba Mbadiwe Water Front, Victoria Island . -
Nigerian Nationalism: a Case Study in Southern Nigeria, 1885-1939
Portland State University PDXScholar Dissertations and Theses Dissertations and Theses 1972 Nigerian nationalism: a case study in southern Nigeria, 1885-1939 Bassey Edet Ekong Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/open_access_etds Part of the African Studies Commons, and the International Relations Commons Let us know how access to this document benefits ou.y Recommended Citation Ekong, Bassey Edet, "Nigerian nationalism: a case study in southern Nigeria, 1885-1939" (1972). Dissertations and Theses. Paper 956. https://doi.org/10.15760/etd.956 This Thesis is brought to you for free and open access. It has been accepted for inclusion in Dissertations and Theses by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. AN ABSTRACT OF' THE 'I'HESIS OF Bassey Edet Skc1::lg for the Master of Arts in History prt:;~'entE!o. 'May l8~ 1972. Title: Nigerian Nationalism: A Case Study In Southern Nigeria 1885-1939. APPROVED BY MEMBERS OF THE THESIS COMMITIIEE: ranklln G. West Modern Nigeria is a creation of the Britiahl who be cause of economio interest, ignored the existing political, racial, historical, religious and language differences. Tbe task of developing a concept of nationalism from among suoh diverse elements who inhabit Nigeria and speak about 280 tribal languages was immense if not impossible. The tra.ditionalists did their best in opposing the Brltlsh who took away their privileges and traditional rl;hts, but tbeir policy did not countenance nationalism. The rise and growth of nationalism wa3 only po~ sible tbrough educs,ted Africans. -
Standard Chartered Bank Branch Network from 1St
STANDARD CHARTERED BANK BRANCH ST NETWORK FROM 1 JANUARY 2019 REGION BRANCH ADDRESS Ahmadu Bello No. 142, Ahmadu Bello Way, Victoria Island, Lagos (Head Office) Tel: +234 (1) 2368146, +234 (1) 2368154 Airport Road No. 53, Murtala Mohammed International Airport Road, Lagos Tel:234 (1) 2368686 Ajose Adeogun Plot 275, Ajose Adeogun, Victoria Island, Lagos Tel: +234 (1) 2368051, +234 (1) 2368185 Apapa No. 40, Warehouse Road, Apapa, Lagos Tel:+234 (1) 2368752, +234 (1) 2367396 Aromire No. 30, Aromire Street, Ikeja, Lagos Tel:+234 (1) 2368830 – 1 Awolowo Road No.184, Awolowo Road, Ikoyi, Lagos LAGOS Tel:+234 (1) 2368852, +234 (1) 2368849 Broad Street No. 138/146, Broad Street, Lagos Tel: +234 (1) 2368790, +234 (1) 2368611 Ikeja GRA No. 47, Isaac John Street, GRA Ikeja, Lagos Tel: 234 (1) 2368836 Ikota Shops K23 - 26, 41 & 42 Ikota Shopping Complex, 1/F Beside VGC, Lekki-Epe Expressway, Lagos. Tel:+234 (1) 2368841, 234 (1) 2367262 Ilupeju No. 56, Town Planning way, Ilupeju, Lagos Tel: +234 (1) 2368845, +234 (1) 2367186 Lekki Phase 1 Plot 24b Block 94, Lekki Peninsula Scheme 1, Lekki-Epe Expressway, Lagos Tel: +234 (1) 2368432, +234 (1) 2367294 New Leisure Mall Leisure Mall, 97/99 Adeniran Ogunsanya Street, Surulere, Lagos Tel: +234 (1) 2368827, +234 (1) 2367212 Maryland Shopping Mall 350 – 360, Ikorodu Road, Anthony, Lagos Tel: 234 (1) 2267009 Novare Mall Novare Lekki Mall, Monastery Road, Lekki-Epe Expressway, Sangotedo, Lekki-Ajah Lagos Tel: 234 (1) 2367518 Sanusi Fafunwa Plot 1681 Sanusi Fafunwa Street, Victoria Island, Lagos Tel: +234 (1) -
Lagos Property Market Consensus Report (H1 2020)
Lagos State Branch C H A N G IN G T H E SK YL INES Lagos Property Market Consensus Report H1 2020 A consensus of 178 Estate Surveyors & Valuers and Property Professionals in Lagos, Nigeria Lagos State Branch From the Branch Chairman's Desk 1 Dotun Bamigbola FNIVS, FRICS August, 2020 Chairman, NIESV Lagos State Branch The Data Agenda from 30 major neighbourhoods across Lagos State. Data is the singular most important missing factor in the Nigerian real estate The report, of course, has come at a market over the years. challenging time with the closure of the world economy, Nigeria inclusive, due to the While most advanced economies have lockdown during the COVID-19 pandemic, moved ahead with the availability of big which is currently being eased out. data, for development and investment decision making by both public and private The earlier prediction that the Nigerian real sector players in real estate and housing, estate sector was expected to grow at 2.65 the Nigerian market still suffers from a percent in 2020, has now been distorted by dearth of data availability. the COVID-19 pandemic. Similarly, the initial plan for a quarterly release of this With the real estate sector still contributing report has also been affected, hence the H1 low to Nigeria's GDP at 7% and in view of 2020 report which covers major 30 the expected growth by all players in neighourhoods in Lagos State, categorised private and public sectors over the years, under seven (7) zones. there is need for data to aid the growth of this all-important sector of the economy. -
7.14 Nigeria Capital City Abuja Population (2005 Est.) 141,400,000 (2.2% Growth)
The Ocean Data and Information Network of Africa 7.14 Nigeria Capital city Abuja Population (2005 est.) 141,400,000 (2.2% growth) GDP per capita (USD 2005 est.) $1 128 Life expectancy at birth (2005 est.) 46.5 years (male - 46.0, female - 47.1) Land and water area 923,768 km2 (land - 910 768, water - 13 000) Length of coastline 853 km Dr. Larry Awosika, Dr. Regina Folorunsho* ---------------------------------- Highest point of elevation Mount Chappei Waddi 2 419 m Nigerian Institute for Oceanography and Marine Research P.M.B. 12729 Victoria Island Coral reef area (2001 est.) 0 km Lagos *Corresponding author E-mail: [email protected] Mangrove area (2005 est.) 997,000 ha Marine protected areas (2007 est.) 0 km2 (0% of total territorial waters) Capture fisheries prod. (2006 est.) 552,323 metric tones N Aquaculture fisheries prod. (2006 est.) 84,578 metric tones NIGER CHAD Sokoto Chad Katsina Yobe Sokoto Jigawa Rivers to the Country’s Coast: The river catchment basins in the Katagum Kano Borno coastal zone consist of the western Nigeria catchment basin, the Niger Kebbi Benue catchment basin, and the south-eastern catchment basin. The major rivers in the western Nigerian catchment basin consist of Kaduna Ogun, Owena, Osun and Shasha which are sourced from the Yoruba Bauchi BENIN Niger highlands and drain the landmass in the south western part of Nigeria. Kaduna These rivers empty into the Lagos lagoon. Kwara Niger Adamwa Plateau Ogun ABUJA The Niger Benue catchment basin is dominated by the Niger and Benue Banua Oyo rivers. The Niger River flowing over coarse, crystalline, Cretaceous Kogi Taraba CAMEROON and Cenozoic base complex enter the country in the west, and has Osun Niger Benus Chappai Waddi a total length of 4 123 km - making it the eleventh longest river in Endo Ogun 2419m the world. -
Nigeria and the Death of Liberal England Palm Nuts and Prime Ministers, 1914-1916
Britain and the World Nigeria and the Death of Liberal England Palm Nuts and Prime Ministers, 1914-1916 PETER J. YEARWOOD Britain and the World Series Editors Martin Farr School of Historical Studies Newcastle University Newcastle Upon Tyne, UK Michelle D. Brock Department of History Washington and Lee University Lexington, VA, USA Eric G. E. Zuelow Department of History University of New England Biddeford, ME, USA Britain and the World is a series of books on ‘British world’ history. The editors invite book proposals from historians of all ranks on the ways in which Britain has interacted with other societies since the seventeenth century. The series is sponsored by the Britain and the World society. Britain and the World is made up of people from around the world who share a common interest in Britain, its history, and its impact on the wider world. The society serves to link the various intellectual commu- nities around the world that study Britain and its international infuence from the seventeenth century to the present. It explores the impact of Britain on the world through this book series, an annual conference, and the Britain and the World journal with Edinburgh University Press. Martin Farr ([email protected]) is the Chair of the British Scholar Society and General Editor for the Britain and the World book series. Michelle D. Brock ([email protected]) is Series Editor for titles focusing on the pre-1800 period and Eric G. E. Zuelow (ezuelow@une. edu) is Series Editor for titles covering the post-1800 period. More information about this series at http://www.palgrave.com/gp/series/14795 Peter J.