1 Integrating Heritage Sites Into Contemporary Urban
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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. -
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. -
ADERINTO-DISSERTATION.Pdf (1.797Mb)
Copyright by Saheed Adeniyi Aderinto 2010 The Dissertation Committee for Saheed Adeniyi Aderinto Certifies that this is the approved version of the following dissertation: Sexualized Nationalism: Lagos and the Politics of Illicit Sexuality in Colonial Nigeria, 1918-1958 Committee: ________________________________ Oloruntoyin O. Falola, Supervisor ________________________________ Juliet E.K. Walker ________________________________ Emilio Zamora ________________________________ Ruramisai Charumbira ________________________________ Omoniyi Afolabi _________________________________ Aderonke Adesanya Sexualized Nationalism: Lagos and the Politics of Illicit Sexuality in Colonial Nigeria, 1918-1958 by Saheed Adeniyi Aderinto B.A.; M.A. Dissertation Presented to the Faculty of the Graduate School of The University of Texas at Austin in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy The University of Texas at Austin May 2010 For Olamide Aderinto Abstract Sexualized Nationalism: Lagos and the Politics of Illicit Sexuality in Colonial Nigeria, 1918-1958 Publication No___________________________ Saheed Adeniyi Aderinto, Ph.D The University of Texas at Austin, 2010 Supervisor: Oloruntoyin O. Falola In this dissertation, I argue that historians of Africa have overlooked the intersection between nationalism and sexuality, despite the fact that these two themes are related. In addition, instead of focusing on the now stale paradigm which emphasizes the importance of race and class in the discourse of sexuality, I offer -
Foreign Exchange Auction No 08/2005 of 02Nd February, 2005
CENTRAL BANK OF NIGERIA TRADE AND EXCHANGE DEPARTMENT FOREIGN EXCHANGE AUCTION NO 08/2005 OF 02ND FEBRUARY, 2005 FOREIGN EXCHANGE AUCTION SALE RESULT APPLICANT NAME FORM BID CUMM. BANK Weighted S/N A. QUALIFIED BIDS M/A NO R/C NO APPLICANT ADDRESS RATE AMOUNT AMOUNT PURPOSE NAME Average 1 MODNIC INVESTMENT LIMITED MF0504992 RC192923 BLK 32, NO.11 ALABA INT MARKET, OJO, LAGOS 133.20 29,489.00 29,489.00 PAYMENT FOR CONCEPT GENERATOR (GASOLINESTB 0.0301 2 DIAMOND REMEDIES LTD MF0307048 RC314913 39 IGA IDUNGANRAN STREET IDUMOTA LAGOS 133.00 31,825.00 61,314.00 9500 BOXES OF RIDMAL PYRIMETHAMINE TABLETS ACB 0.0324 3 DIAMOND REMEDIES LTD MF0432240 RC314913 39 IGA IDUNGANRAN STREET IDUMOTA LAGOS 133.00 29,160.00 90,474.00 81000 PACKS OF VIGOR MULTIVITAMINE TABLETS ACB 0.0297 4 DIAMOND REMEDIES LTD MF0563779 RC314913 39 IGA IDUNGANRAN STREET IDUMOTA LAGOS 133.00 21,000.00 111,474.00 60000PACKS OF FAMATONE TABLETS ACB 0.0214 5 DIAMOND REMEDIES LTD MF0307050 RC314913 39 IGA IDUNGANRAN STREET IDUMOTA LAGOS 133.00 23,598.00 135,072.00 8280 BOXES OF ASKA APET TABLET ACB 0.0241 6 DIAMOND REMEDIES LTD MF0432241 RC314913 39 IGA IDUNGANRAN STREET IDUMOTA LAGOS 133.00 26,160.00 161,232.00 81000PACKS OF MINERAL CAPSULES ACB 0.0267 7 WEMY INDUSTRIES LIMITED MF0620401 26574 110-113 DEMURIN STREET, KETU, LAGOS 133.00 19,005.45 180,237.45 GOLDEN AISLES BRAND OF CONFEROUS WOOD PACCESS 0.0194 8 ENYI ENYI INT'L CO. MF0370975 44339 154, AZIKIWE ROAD, ABA, ABIA STATE 133.00 59,400.00 239,637.45 660 BAGS OF DRIED FISH ALLSTATE 0.0606 9 ADDITIVES PLUS LTD MF0630817 -
The Nexus Between the Increasing Involvement of Youth in Betting Games and Unemployment from the Nigerian Perspective
The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/2632-279X.htm Increasing The nexus between the increasing involvement of involvement of youth in betting youth games and unemployment: the Nigerian perspective 163 Gbemi Oladipo Olaore Received 12 February 2020 Revised 23 April 2020 Department of Management, Atilim University, Ankara, Turkey, and 16 June 2020 18 June 2020 Bimbo Onaolapo Adejare and Ekpenyong Ekpenyong Udofia Accepted 18 June 2020 Department of Business Administration, Faculty of Management Science, University of Lagos, Akoka-Yaba, Nigeria Abstract Purpose – Betting games have become a global industry worth billions of dollars providing employment to millions and contributing to the gross domestic product (GDP) of several countries. While there are debates and controversies surrounding betting games discourse, a growing body of literature shows that it has been exacerbated by growing unemployment rates. This paper aims to examine the nexus between the increasing involvement of youth in betting games and unemployment from the Nigerian perspective. Design/methodology/approach – The study adopts simple random and stratified sampling techniques to select participants for the study. Three hypotheses were tested for this study and confirmatory factor analysis (CFA) and structural equation model (SEM) was used to test the hypotheses. Findings – The three hypotheses tested in this study were coined from previous literature. The study established a direct link between technology advancement, promises of winning big coupled with bonuses while unemployment was not significant to youth involvement in betting games. The study also showed that playing betting games provides another source of income to the youth, who are already engaged in one form of work or another. -
The Prevalence and Plasmid Profile of Non-Typhoidal Salmonellosis in Children in Lagos Metropolis, South-Western Nigeria
Open Access Research The prevalence and plasmid profile of non-typhoidal salmonellosis in children in Lagos metropolis, South-western Nigeria Ajoke Olutola Adagbada1,&, Akitoye Olusegun Coker1, Stella Ifeanyi Smith2, Solayide Abosede Adesida3 1Department of Medical Microbiology and Parasitology, College of Medicine, University of Lagos, Lagos, Nigeria, 2Molecular Biology and Biotechnology Division, Nigerian Institute of Medical Research, Yaba, Lagos, Nigeria, 3Department of Microbiology, Faculty of Science, University of Lagos, Akoka, Lagos, Nigeria &Corresponding author: Ajoke Olutola Adagbada, Department of Medical Microbiology and Parasitology, College of Medicine, University of Lagos, Lagos, Nigeria Key words: Prevalence, plasmid, salmonellosis, children Received: 29/12/2012 - Accepted: 17/11/2014 - Published: 09/12/2014 Abstract Introduction: Non-typhoidal Salmonella is the causative agent of gastroenteritis, a food-borne and zoonotic infection which is a major cause of high morbidity and death among children under 5 years of age especially from resource poor settings like the developing countries. Methods: This study was carried out for 6 months to determine the prevalence and plasmid profile of non-typhoidal salmonellosis in children in Lagos metropolis. A total of 105 stool samples were collected from diarrheal children aged 3 months to 12 years and processed during this period. The isolates were identified using Selenite F Broth, Salmonella-Shigella Agar, Kligler Iron Agar, and Motility-indole-Urea medium, citrate and sugar utilization tests. Results: A total number of 127 isolates were identified, 2 of which are Salmonella enteritidis (1.6%). The non-typhoidal Salmonellae were sensitive to ciprofloxacin, cetotaxime, streptomycin, cotrimxazole and tetracycline. Only one of the 2 isolates (50%) was sensitive to amoxillin and sulphonamide while none of them (0%) was sensitive to cefuroxime. -
Curriculum Vitae
CURRICULUM VITAE Full Names ODUDU, Christopher Oghenegweke Post Applied for Associate Professor/Department of Real Estate in any university/country where English Language is medium of communication. Date of Birth 15th October, 1952 Place of Birth Sapele, Delta State, Nigeria Nationality Nigerian State of Origin Delta Religion/Denomination Christianity/Catholic Current Postal Address Faculty of Environmental Sciences, Department of Estate Management, University of Benin, Ugbowo, Benin-City, Edo State Permanent Home Address 25C Aisosa Omogui Avenue, Ugbor, Benin-City GSM: 08033085299, e-mail [email protected] Marital Status Married Names/No. and Ages of Children S/N NAME AGE 1 1 Mr. Odafetite G. Odudu 28 2 Mr. Mudiaga J. Odudu 23 3 Mr. Ochuko Odudu 19 4 Miss. Ejiroghene Odudu 17 Name/Address of Spouse Mrs. Frances O. Odudu/25C Aisosa Omogui Avenue, Ugbor, Benin-City GSM: 08023108356 Schools Attended a. Saint Patrick’s Catholic Primary School, Sapele, Delta State (1958-1963) b. Saint Malachy’s College, Sapele, Delta State (1965-1969). c. Federal School of Science and Arts, Victoria Island, Lagos (1972- 1974) Universities Attended a. University of Ibadan (1975-1978). b. University of Reading, United Kingdom (1982-1984). c. University of LAGOS (2004-2013) Educational Qualifications a. W.A.S.C. Grade Two b. B.Sc (Agricultural Biochemistry & Nutrition) 2nd Class Upper. c. M.Phil (Land Management). d. Ph.D (Estate Management) Professional Association Membership a. Associate Member, Nigerian Institution of Estate Surveyors and Valuers. b. Member, Royal Institution of Chartered Surveyors, United Kingdom Postions Held a. Taught in Eziafa Grammar School, Sapele, Delta State (1979- 1980). -
A CHECKLIST of TREE SPECIES GROWING on AKOKA CAMPUS of UNIVERSITY of LAGOS, NIGERIA *Nodza, I.G., Onuminya, T.O
International Journal of Science, Environment ISSN 2278-3687 (O) and Technology, Vol. 3, No 3, 2014, 1021 – 1034 A CHECKLIST OF TREE SPECIES GROWING ON AKOKA CAMPUS OF UNIVERSITY OF LAGOS, NIGERIA *Nodza, I.G., Onuminya, T.O. and Ogundipe, O.T Molecular Systematics Laboratory, Department of Botany, University of Lagos, Akoka-Lagos, Nigeria E-mail: [email protected] (*Corresponding Author) Abstract: The following checklist is provided as the most complete compilation of the tree species growing on Akoka Campus of University of Lagos, southwestern Nigeria. This checklist was derived from extensive field survey, with the view of investigating the concurrent depletion on the remnant flora and inventory of all the tree species. Data collection was done by dividing the study area into several plots, and samples were randomly collected from each plot, and identification of the samples was done using local floras. A total of 67 woody tree species belonging to 57 genera within 27 families is represented in the study area. Of the 67 species, 43 species (64.17%) are native to Nigeria and West Africa and 24 species (35.83%) are considered exotic or non- native and are naturalized. The result showed that fourteen families consist of only 1 species each, four families have 2 species each and 3 species each respectively, two families have 4 species each while the other families consists of 5 species, 7 species and 13 species respectively. Of these, the family Fabaceae has the highest frequency (13 species) representing 19.409% of total species encountered) occurring in all the plots followed by Moraceae which consists of 7 species (10.45%). -
Lagos State Poctket Factfinder
HISTORY Before the creation of the States in 1967, the identity of Lagos was restricted to the Lagos Island of Eko (Bini word for war camp). The first settlers in Eko were the Aworis, who were mostly hunters and fishermen. They had migrated from Ile-Ife by stages to the coast at Ebute- Metta. The Aworis were later reinforced by a band of Benin warriors and joined by other Yoruba elements who settled on the mainland for a while till the danger of an attack by the warring tribes plaguing Yorubaland drove them to seek the security of the nearest island, Iddo, from where they spread to Eko. By 1851 after the abolition of the slave trade, there was a great attraction to Lagos by the repatriates. First were the Saro, mainly freed Yoruba captives and their descendants who, having been set ashore in Sierra Leone, responded to the pull of their homeland, and returned in successive waves to Lagos. Having had the privilege of Western education and christianity, they made remarkable contributions to education and the rapid modernisation of Lagos. They were granted land to settle in the Olowogbowo and Breadfruit areas of the island. The Brazilian returnees, the Aguda, also started arriving in Lagos in the mid-19th century and brought with them the skills they had acquired in Brazil. Most of them were master-builders, carpenters and masons, and gave the distinct charaterisitics of Brazilian architecture to their residential buildings at Bamgbose and Campos Square areas which form a large proportion of architectural richness of the city. -
Federal Republic Ofnigeria
- ahs 1 / iit 2 ; i TINO, SiGirtAND Pay Seal i" ~-+B, i Federalleral RepublicRept of Nigeriager’ - () ® l . : ‘' Ofhcial Gazette ‘No. 48 LAGOS- 3rd June, 1965 Vol. 52 | CONTENTS Page . Page Movements of Officers ~ 1022-8 Permanent Closure of KwemePostal Agency 1038 Movements of Officers—Nigerian Army 1028-9 New Mobile Post Office, Kaduna—Opening 1038 . o .. .. .. we ee Disposal of Unclaimed Firearms 1030 . Odo Oba Postal Agency—Re-opening of , +. 1038 Probate Notice 1031 . hose Council of Legal’ Education Information General Investment Company Limited— Circular No. 3 oe ve : 1038 Notice of Striking off the Register of . -° Companies . .. 103 Commercial Banking System—Statement of \ Assets and Liabilities eras 102°) imited—R. 1 ae Preysangroms CoConeaniacited ennova’ 1031 Registration of Nurse-Tutors to the Register : of Nurse Tutors as kept by the Nursing Applications for registration of Trade Unions Council of Nigeria +. rs ee we 1040 —Corrigend . oe we .. 1032 . orrigenca Registration of Mental Nurses to the Register . < of Mental Nurses as kept by the Nursin, Grantingof Pioneer Certificates --* 1032 Council for the Republic of Nigeria under Appointment of Chairman and Members of ‘Nurses Act .. i “ - 1040-3 the Lagos Regional Council of the Nigerian Tend Ex-Servicemen’s Welfare Association 1032 enders 1043-5 AppointmentofVice-Chairman and Members . Vacancies 1045-51 ofhigerian Ex-Servicemen s Welfare Asso- | 032-3 Board of Customs and Excise—Sale | of | . Goods ws 1051-2 Antiquities declared to be a Monument 1033 Notice of Proposal to apply to Court for an Q : ‘ * order for forfeiture of unclaimed vehicles 1033 | . : - ' Index To Lecat Notices 1 ‘LEMENT Applications to construct Leats 1033-4 - N SUPFLE Land required for the service of the Federal L.N. -
Private Sector Participation in Water Supply: Prospects and Challenges in Developing Economies
Private Sector Participation in Water Supply: Prospects and Challenges in Developing Economies E.O. Longe*1, M.O. Kehinde*2 and Olajide, C.O3* *1Department of Civil and Environmental Engineering University of Lagos, Akoka, Yaba, Lagos, Nigeria. [email protected] ; [email protected] *2Environment Agency (Anglian Region) Kingfisher House Goldhay Way Orton Goldhay Peterborough PE2 5ZR, UK [email protected] *3*Lagos Water Corporation, Water House, Ijora, Lagos. ABSTRACT Lagos State Water Corporation (LSWC), a Government agency since 1981 took over the responsibility of providing potable water to the people of Lagos State. However, the challenges facing the corporation continue to mount in the face of increasing demand, expendable water sources and need for injection of funds. In the recent past most developing countries embarked on large-scale infrastructure through public sector financing and control. Reliance on such public sector financing and management however has not proved effective or sustainable while the successes of projects are not guaranteed. Adduced reasons are not far fetched and these ranged from deteriorating fiscal conditions, operational inefficiency, excessive bureaucracy and corruption. Consequently, the need for the private sector participation in public sectors enterprises therefore becomes inevitable in the provision of investment and control. Lagos State Water Corporation programme for Private Sector Participation in potable water supply commenced about thirteen years back. In order to realize this objective a complete due diligence of the corporation was carried out. The technical baseline findings showed that raw water sources yield far exceeded present LSWC capacity, while production capacity is utilized at less than 50% of installed capacity. -
The Succession Dispute to the Throne of Lagos and the British Conquest and Occupation of Lagos
AFRREV, 10 (3), S/NO 42, JUNE, 2016 An International Multi-disciplinary Journal, Ethiopia Vol. 10(3), Serial No.42, June, 2016: 207-226 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Doi: http://dx.doi.org/10.4314/afrrev.v10i3.14 The Succession Dispute to the Throne of Lagos and the British Conquest and Occupation of Lagos Adekoya, Preye Department of International Studies and Diplomacy Benson Idahosa University P.M. B. 1100, Benin City Edo State, Nigeria E-mail: [email protected] G.S.M. +2348027808770 Abstract This paper examined the role and intervention of the British in the internal family dispute relating to the succession to the throne of Lagos that began in the early nineteenth century. That the usuper to the throne of Lagos, Kosoko who was branded a notorious slave trader was abdicated from the throne on the account of his notoriety as a slave trade dealer by the British and his uncle Akintoye, who was also a known slave dealer was re-installed as the ruler of Lagos on the agreement that the British missionaries and traders were given free course unhindered in their operations, lives much to be wondered about. The paper argued that beyond the moves to discontinue the trade in slaves and Christianize the area, there was much more the motivation for entrenching the British economic foothold beginning with Lagos which offered a leeway into the interior and coastal areas and the eventual colonization of Nigeria. Key Words: Succession Disputes, Church Missionary Society, Foreign Office Copyright © IAARR, 2007-2016: www.afrrevjo.net Indexed African Journals Online: www.ajol.info 207 AFRREV, 10 (3), S/NO 42, JUNE, 2016 Introduction Lagos was a particularly attractive area for the British who had pinned great hopes on the city as the main gateway to the vast, unexplored opportunities of the Yoruba interior (Falola et al, 1991, p.