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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. -
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University of Nigeria Virtual Library Serial No ISSN: NEXT ISSUE Author 1 SAMUEL, Efiong Sunday Author 2 Author 3 Widowhood Practices in Amaigbo Town of Title Nwangele Local Government Area Imo State Keywords Widowhood Practices in Amaigbo Town of Description Nwangele Local Government Area Imo State Category Health Education Nigeria Journal of Health Education Publisher Publication Date 2004 Signature • Page 99to.' /06 Widowhood Practices in Amaigbo Town of Nwangele Local Gove'rnment · Area, ImoBtate 1 . -, ' ' r •· • · ' . i " . i ~ · I " 1 I It) I( . ~ ,.,1, .1 " "' ' ' J l . , E.S. Samuel, Ph.D. Department of Health and Physical Education University of Nigeria, Nsukka Abstract menace of Umuada or Agada (93.3%). The . only widow-related 1l1e main purpose of the study was to inheritance right practiced was I determine the widowhood practices sharing the deceased properly among Jl in lfmaiglw town of Nwangele Local male cbildren. It miS recommended Government Area, lmo Stale. The that stale, public and private health survey research design was utilized agencies and religious organizations for the stucz)' and the main tool for should ca111paign against all . .Jj data co/lee/ion was the research's widowhood practices that are structured (//Aeslionnaire. 711e sample detrimental to health. I consisted of 300 widows selected by purposive sampling technique. The Widowhood refers to loss of a !: investigator and four assistants who spouse and according to Saba ( 1977) hailed ji-om the town collected the it is one of the events of life, which data. 7/w major findings of the study many women go through. It is a \\"ere as follows: mourning rituals tragedy, which befalls a married practiced the. -
Police Perception and Decision Making Related to Cult Activities in Rivers State,Nigeria
Walden University ScholarWorks Walden Dissertations and Doctoral Studies Walden Dissertations and Doctoral Studies Collection 2020 Police Perception and Decision Making Related to Cult Activities in Rivers State,Nigeria Stephen Tete Walden University Follow this and additional works at: https://scholarworks.waldenu.edu/dissertations This Dissertation is brought to you for free and open access by the Walden Dissertations and Doctoral Studies Collection at ScholarWorks. It has been accepted for inclusion in Walden Dissertations and Doctoral Studies by an authorized administrator of ScholarWorks. For more information, please contact [email protected]. Walden University College of Social and Behavioral Sciences This is to certify that the doctoral dissertation by Stephen Tete has been found to be complete and satisfactory in all respects, and that any and all revisions required by the review committee have been made. Review Committee Dr. Timothy Fadgen, Committee Chairperson, Criminal Justice Faculty Dr. Dianne Williams, Committee Member, Criminal Justice Faculty Dr. Howard Henderson, University Reviewer, Criminal Justice Faculty Chief Academic Officer and Provost Sue Subocz, Ph.D. Walden University 2020 Abstract Police Perception and Decision Making Related to Cult Activities in Rivers State, Nigeria by Stephen Tete MPhil, Walden University, 2019 MS, University of Cincinnati, 2015 BS, Georgia State University, 2013 Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy Criminal Justice Walden University November 2020 Abstract Cult groups are criminal youth gangs in Rivers State and Nigeria that are proscribed by law and engaged in criminal activities. The activities of cult groups are a severe problem confronting the police and communities across Rivers State, Nigeria. -
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wjert, 2018, Vol. 4, Issue 6, 95 -102. Original Article ISSN 2454-695X Ibeje etWorld al. Journal of Engineering World Journal ofResearch Engineering and Research Tech andnology Technology WJERT www.wjert.org SJIF Impact Factor: 5.218 IMPACTS OF LAND USE ON INFILTRATION A. O. Ibeje*1, J. C. Osuagwu2 and O. R. Onosakponome2 1Department of Civil Engineering, Imo State University, P.M.B. 2000, Owerri, Nigeria. 2Department of Civil Engineering, Federal University of Technology, Owerri, Nigeria. Article Received on 12/09/2018 Article Revised on 03/10/2018 Article Accepted on 24/10/2018 ABSTRACT *Corresponding Author Land use can affect natural ecological processes such as infiltration. A. O. Ibeje There are many land uses applied at Ikeduru L.G.A. in Imo State, Department of Civil Nigeria, thus, the area is selected as a case study. The objective of Engineering, Imo State University, P.M.B. 2000, study is to determine the effects of land use on infiltration by three Owerri, Nigeria. different land use types; 34 of them are in farmlands, 34 in Bamboo field and 32 in forestlands. Within each land use type, multiple regression are used to determine degree of association between the rates of infiltration, moisture content, porosity, bulk density and particle sizes. Non-parametric Kruskal-Wallis analysis of variance is used to determine whether significant differences in infiltration rates existed between different land uses. The mean steady state infiltration rate of farmlands, bamboo fields and forestland are 1.98 cm/h, 2.44cm/h and 2.43cm/h respectively. The regression model shows that infiltration rate decreases with increase in moisture content and bulk density but increases with the increase of soil particle sizes and porosity. -
Nigeria's Constitution of 1999
PDF generated: 26 Aug 2021, 16:42 constituteproject.org Nigeria's Constitution of 1999 This complete constitution has been generated from excerpts of texts from the repository of the Comparative Constitutions Project, and distributed on constituteproject.org. constituteproject.org PDF generated: 26 Aug 2021, 16:42 Table of contents Preamble . 5 Chapter I: General Provisions . 5 Part I: Federal Republic of Nigeria . 5 Part II: Powers of the Federal Republic of Nigeria . 6 Chapter II: Fundamental Objectives and Directive Principles of State Policy . 13 Chapter III: Citizenship . 17 Chapter IV: Fundamental Rights . 20 Chapter V: The Legislature . 28 Part I: National Assembly . 28 A. Composition and Staff of National Assembly . 28 B. Procedure for Summoning and Dissolution of National Assembly . 29 C. Qualifications for Membership of National Assembly and Right of Attendance . 32 D. Elections to National Assembly . 35 E. Powers and Control over Public Funds . 36 Part II: House of Assembly of a State . 40 A. Composition and Staff of House of Assembly . 40 B. Procedure for Summoning and Dissolution of House of Assembly . 41 C. Qualification for Membership of House of Assembly and Right of Attendance . 43 D. Elections to a House of Assembly . 45 E. Powers and Control over Public Funds . 47 Chapter VI: The Executive . 50 Part I: Federal Executive . 50 A. The President of the Federation . 50 B. Establishment of Certain Federal Executive Bodies . 58 C. Public Revenue . 61 D. The Public Service of the Federation . 63 Part II: State Executive . 65 A. Governor of a State . 65 B. Establishment of Certain State Executive Bodies . -
Enugu State, Nigeria Out-Of-School Children Survey Report
ENUGU STATE, NIGERIA OUT-OF-SCHOOLCHILDREN SURVEY REPORT October, 2014 PREFACE The challenge of school-aged children who for one reason or another did not enrol in school at all or enrolled and later dropped out for whatever reason has been a perennial challenge to education the world over. Nigeria alone is said to house over 10 million out of school children. This is in spite of the universal basic education programme which has been running in the country since 1999. For Enugu State, it is not clear what the state contributes to that national pool of children who are reported to be out of school. Given the effort of the State Government in implementing the universal basic education programme, it is easy to assume that all children in Enugu State are enrolled and are attending school. This kind of assumption might not give us the benefit of knowing the true state of things as they relate to out-of-school children in our State. This is even more so given the State’s development and approval of the Inclusive Education Policy, which has increased the challenge of ensuring that every child of school age, no matter his or her circumstance of birth or residence, has access to quality education; hence, the need to be concerned even for only one child that is out of school. It is, therefore, in a bid to ascertain the prevalence of the incidence of children who are outside the school system, whether public or private, that the Ministry of Education and Enugu State Universal Basic Education Board collaborated with DFID-ESSPIN and other stakeholders to conduct the out of school children’s survey. -
River Basins of Imo State for Sustainable Water Resources
nvironm E en l & ta i l iv E C n g Okoro et al., J Civil Environ Eng 2014, 4:1 f o i n l Journal of Civil & Environmental e a e n r r i DOI: 10.4172/2165-784X.1000134 n u g o J ISSN: 2165-784X Engineering Review Article Open Access River Basins of Imo State for Sustainable Water Resources Management BC Okoro1*, RA Uzoukwu2 and NM Chimezie2 1Department of Civil Engineering, Federal University of Technology, Owerri, Imo State, Nigeria 2Department of Civil Engineering Technology, Federal Polytechnic Nekede, Owerri, Imo State, Nigeria Abstract The river basins of Imo state, Nigeria are presented as a natural vital resource for sustainable water resources management in the area. The study identified most of all the known rivers in Imo State and provided information like relief, topography and other geographical features of the major rivers which are crucial to aid water management for a sustainable water infrastructure in the communities of the watershed. The rivers and lakes are classified into five watersheds (river basins) such as Okigwe watershed, Mbaise / Mbano watershed, Orlu watershed, Oguta watershed and finally, Owerri watershed. The knowledge of the river basins in Imo State will help analyze the problems involved in water resources allocation and to provide guidance for the planning and management of water resources in the state for sustainable development. Keywords: Rivers; Basins/Watersheds; Water allocation; • What minimum reservoir capacity will be sufficient to assure Sustainability adequate water for irrigation or municipal water supply, during droughts? Introduction • How much quantity of water will become available at a reservoir An understanding of the hydrology of a region or state is paramount site, and when will it become available? In other words, what in the development of such region (state). -
Growing Insecurity in Rivers: Impacts of Re-Run Elections
THE FUND FOR PEACE PARTNERSHIPS INITATIVE IN THE NIGER DELTA NIGER DELTA PARTNERSHIP INITIATIVE Growing Insecurity in Rivers: Impacts of Re-Run Elections Briefing: May 2016 Elections have been a cyclical driver of House of Assembly and Governorship Rivers State, Nigeria conflict risk and violence in Rivers state elections in Rivers. The Independent since 1999. The state was reported to have National Election Commission (INEC) had the highest number of violent incidents headquarters in the state were reportedly during the 2015 general elections in Nigeria. burnt down during the 11 April 2015 In the lead-up and aftermath of the 2016 gubernatorial and state House of Assembly legislative election rerun on 19 March, elections. Heavy gun shots and fatalities Rivers was once again marred by wide- were reported across the state amidst a spread political and cult violence with massive deployment of public security fatalities in the lead-up surpassing any forces. period since 2009. This ongoing cycle of insecurity is not only impacting the citizens There were allegations of widespread voter of the state, but also business. manipulation, intimidation, violence, and hijacking of voting materials. The outcome According to the National Bureau of of the elections was characterised by Statistics, Rivers has the second largest GDP protests and petitions. Eventually, 22 out of after Lagos, but it is also one of the most the 32 State House of Assembly seats and violent states per capita in the Niger Delta. 12 of the 13 Federal House of Representa- This briefing outlines the growing insecurity With increasing insecurity in the state tives, as well as three Senators elected on in Rivers State, Nigeria in the lead up to the surrounding election cycles in 2015 and the platform of the People’s Democratic latest round of the legislative elections in 2016, there are growing concerns that local Party (PDP), were nullified by the elections March 2016. -
Draft Environmental and Social Impact Assessment (Esia) Report for the Proposed Bonny Deep Sea Port Project in Bonny Island
DRAFT ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT (ESIA) REPORT FOR THE PROPOSED BONNY DEEP SEA PORT PROJECT IN BONNY ISLAND, BONNY LOCAL GOVERNMENT AREA, RIVERS STATE BY FEDERAL MINISTRY OF TRANSPORTATION SUBMITTED TO THE FEDERAL MINISTRY OF ENVIRONMENT HEADQUARTERS MABUSHI, ABUJA DECEMBER, 2020 DRAFT ENVIRONMENTAL and social impact ASSESSMENT (esia) REPORT FOR THE PROPOSED BONNY DEEP SEA PORT PROJECT IN BONNY ISLAND, BONNY LOCAL GOVERNMENT AREA, RIVERS STATE PREPARED BY ESCHOLES INTERGRATED SERVICES RESOURCES LIMITED NAME FUNCTION SIGNATURE 1st Reviewed by Dr. Eseoghene okereka 2nd reviewed Kelvin Olisameka by QA/QC L. A. MORAKINYO Compiled EZEH CHINENYE AYO LAWAL SOPHIA OGE STATUS 01 - DRAFT - December DRAFT ESIA REPORT OF THE PROPOSED BONNY DEEP SEA PORT PROJECT AT BONNY L.G.A, RIVERS STATE BY FEDERAL MINISTRY OF TRANSPORTATION TABLE OF CONTENT List of Tables List of Figures List of Plates List of Abbreviation and Acronyms ESIA preparers Acknowledgement Executive Summary CHAPTER ONE: INTRODUCTION 1.1 Background Information 1-1 1.2 Project Proponent 1-2 1.3 Objectives of the ESIA 1-3 1.4 Terms of Reference for the Study 1-4 1.5 Administrative and Legal Framework 1-6 1.5.1National Regulations 1-6 1.5.1.1 Environmental Impact Assessment Act 86 of 1992 1-8 1.5.1.2 Environmental Impact Assessment Sectoral Guidelines for 1-10 Infrastructures 1995 1.5.1.3 National Policy on Environment 2017 1-10 1.5.1.4 National Guidelines and Standard for Water Quality 1999 1-11 1.5.1.5National Guidelines on Environmental Management Systems 1-11 (EMS) 1999 -
Farmers Utilization of Insecticide Treated Bed Nets for Malaria
technol ro og g y A Nlerum, Agrotechnology 2016, 5:2 Agrotechnology DOI: 10.4172/2168-9881.1000150 ISSN: 2168-9881 Research Article Open Access Farmers Utilization of Insecticide Treated Bed Nets for Malaria Prevention in Ahoada East Local Government Area, Rivers State, Nigeria Franklin E Nlerum* Department of Agricultural and Applied Economics/Extension, Rivers State University of Science and Technology, Nkpolu-Oroworukwo, Nigeria Abstract The study examined the utilization of insecticide treated bed nets for malaria prevention by rural farmers in Ahoada East Local Government Area of Rivers State, Nigeria. The sample size of the study was 100 respondents who were randomly selected from farmers in the area who benefited from the free distribution of the nets by Rivers State Government. The questionnaire was used in eliciting data from the respondents. Data were analyzed with percentage, mean score and multiple regression. Socio-economic result shows that the respondents on the average were 40 years old, earned monthly net income of N24,184.00 ($121.38) and spent 11 years in schooling. More results indicated that while the ownership of the net was as high as 71.73%, the actual utilization was as low as 28.27%. Result of multiple regression analysis indicated a multiple determination (R2) value of 0.6333. Determinants of the utilization of the net were age, sex, occupation and educational level of the respondents. The two major constraints in the utilization of the net in the area were inadequate information and poor design and inconvenience of hanging. In order to improve the rate of utilization of the net in the area, the study recommends enhanced information which will lead to a better education of the beneficiaries. -
YELLOW FEVER SITUATION REPORT Serial Number: 001 February 2021 Monthly Sitrep Epi Week: Week 1, 2020 – Week 08, 2021 Reporting Month: February 2021
YELLOW FEVER SITUATION REPORT Serial Number: 001 February 2021 Monthly Sitrep Epi Week: Week 1, 2020 – Week 08, 2021 Reporting Month: February 2021 HIGHLIGHTS REPORTING PERIOD: FEBRUARY 1ST – 28TH, 2021 ▪ The Nigeria Centre for Disease Control (NCDC) continues to respond to reports of yellow fever cases in Nigeria states following deactivation of the EOC in February 2021. ▪ Twenty -eight new confirmed cases were reported from the Institut Pasteur (IP) Dakar from 8 Local Government Areas (LGAs) in 4 states; Enugu-18 [Nkanu West (4), Udi (3), Igbo-Etiti (2), Nsukka (2), Enugu South (1), Enugu North (1), Udenu (1), Nkanu East (1), Igboe-Eze North (1), Ezeagu (1), Igbo-Eze South (1)], Delta -7 [Aniocha South (2), Ndokwa West (2) Ika South (2), Oshimili South (1)] Osun -2[Ife Central (1), Ilesha - East (1) and Ondo-1 [Akure South (1)] ▪ Thirteen presumptive positive cases were reported from NRL [Benue (2), Borno (2)] and Central Public Health Laboratory (CPHL) from [Anambra (6) Enugu (2)], Maitama District Hospital Lab (MDH) from Niger (1) ▪ Six new LGAs reported at least one confirmed case from 3 states: Enugu -4(Enugu South, Ezeagu, Nkanu East, Udi), Osun -1 (Ife Central) and Ondo -1 (Akure South) ▪ One new death was recorded among confirmed cases [Osun, (Ife Central)] ▪ A total of 141 suspected cases were reported from 21 states in 55 local government areas (LGAs) across the country ▪ No record of death among all cases. ▪ No confirmed case has been reported within the review period 141 21 SUSPECTED STATES WITH CASES SUSPECTED CASES 28 4 -
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.