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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. -
The Ogoni of Nigeria A
University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Anthropology Faculty Publications Anthropology, Department of 2002 The goniO of Nigeria A. Olu Oyinlade University of Nebraska at Omaha, [email protected] Jeffery M. Vincent University of Nebraska - Lincoln, [email protected] Follow this and additional works at: http://digitalcommons.unl.edu/anthropologyfacpub Part of the Archaeological Anthropology Commons, and the Social and Cultural Anthropology Commons Oyinlade, A. Olu and Vincent, Jeffery M., "The gO oni of Nigeria" (2002). Anthropology Faculty Publications. 113. http://digitalcommons.unl.edu/anthropologyfacpub/113 This Article is brought to you for free and open access by the Anthropology, Department of at DigitalCommons@University of Nebraska - Lincoln. It has been accepted for inclusion in Anthropology Faculty Publications by an authorized administrator of DigitalCommons@University of Nebraska - Lincoln. Chapter 7 The Ogoni of Nigeria A. Olu Oylnlade and Jeffery M. VIncent CULTURAL OVERVIEW The People The Ogoni are a minority ethnic people who live in the Western Niger Delta Region of southern Nigeria. During the 1970s, Ogoniland, or the Ogoni Nation, became part of the Rivers State of Nigeria. There are ap proximately 500,000 Ogoni who represent less than 0.05 percent of Ni geria's 100 to 120 million people. The population density of this region equals 1,233 people per square mile, making it one of the most densely populated areas of Nigeria. Reliable information about the origin of the Ogoni is limited. Archaeo logical and oral historical evidence suggests that the Ogoni have inhabited the area for over 500 years. Presently, two theories exist about the origin of this people. -
1 CHAPTER ONE GENERAL INTRODUCTION 1.0 Background To
CHAPTER ONE GENERAL INTRODUCTION 1.0 Background to the Study Acts of conflict and violence occur daily in different parts of the world. This is due to a variety of motives, which include political fanaticism, ethnic hatred, religious extremism and ideological differences. Conflict is perennial and an ingredient towards the actualization of individual and group interests. According to S.A. Ayinla, it is a natural announcement of an impending re-classification of a society with changed characteristics and goals and with new circumstances of survival and continuity1. Conflict is a universal human experience. Its origin and nature are best explained within the framework of human nature and environment in which man lives2.Conflicts and violence are common factors in both secular and sacred institutions. In spite of the fact that the church is believed to be a holy institution ordained by God, she has never at any time outgrown conflicts and violence. This is due to the fact that, the affairs of the church are administered by human beings who are not always perfect or faultless. By 1975, the Warri Diocese, Anglican Communion, had not existed as a corporate Christian entity. The year _____________________________________________________________________________________________ 1S.A Ayinla (ed.) Issues in Political Violence in Nigeria, llorin: Hamson Printers, 2005, p.19. 2O.I. Albert, Tinu Awe et al (eds) Informal Channels for Conflict Resolution in Ibadan, Nigeria. Ibadan Inter Printer 1992 p.2 1 witnessed real grassroots mobilization for its creation3. But by the year 2000, the Diocese had existed for over twenty years and had given birth to two other Dioceses, viz; Ughelli and Oleh (Isoko) Dioceses. -
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. -
Historical Dynamics of Ọjị Ezinihitte Cultural Festival in Igboland, Nigeria
67 International Journal of Modern Anthropology Int. J. Mod. Anthrop. 2020. Vol. 2, Issue 13, pp: 67 - 98 DOI: http://dx.doi.org/10.4314/ijma.v2i13.2 Available online at: www.ata.org.tn & https://www.ajol.info/index.php/ijma Research Article Historical dynamics of Ọjị Ezinihitte cultural festival in Igboland, Nigeria Akachi Odoemene Department of History and International Studies, Federal University Otuoke, Bayelsa State, Nigeria E-mail: [email protected] (Received 6 January 2020; Accepted 16 May 2020; Published 6 June 2020) Abstract - Ọjị (kola nut) is indispensable in traditional life of the Igbo of Nigeria. It plays an intrinsic role in almost all segments of the people‟s cultural life. In the Ọjị Ezinihitte festivity the „kola tradition‟ is meaningfully and elaborately celebrated. This article examines the importance of Ọjị within the context of Ezinihitte socio-cultural heritage, and equally accounts for continuity and change within it. An eclectic framework in data collection was utilized for this research. This involved the use of key-informant interviews, direct observation as well as extant textual sources (both published and un-published), including archival documents, for the purposes of the study. In terms of analysis, the study utilized the qualitative analytical approach. This was employed towards ensuring that the three basic purposes of this study – exploration, description and explanation – are well articulated and attained. The paper provided background for a proper understanding of the „sacred origin‟ of the Ọjị festive celebration. Through a vivid account of the festival‟s processes and rituals, it achieved a reconstruction of the festivity‟s origins and evolutionary trajectories and argues the festival as reflecting the people‟s spirit of fraternity and conviviality. -
Characterization and Delineation of Aquifer in Part of Omoku, Rivers State, Nigeria
IOSR Journal of Applied Geology and Geophysics (IOSR-JAGG) e-ISSN: 2321–0990, p-ISSN: 2321–0982.Volume 2, Issue 4 (Jul-Aug. 2014), PP 30-37 www.iosrjournals.org Characterization and Delineation of Aquifer in Part of Omoku, Rivers State, Nigeria 1I. Tamunobereton-ari, 2V. B. Omubo-Pepple and 3A.R.C. Amakiri 1,2,3Department of Physics, Rivers State University of Science and Technology, Port Harcourt 500001, Nigeria. Abstract: Hydrogeological work was carried out to providing an alternative source of portable water supply to Omoku and its environs as their major source of water which is surface water had been contaminated/polluted by oil and gas exploration, exploitation and other anthropogenic activities in the area. To obtaining reliable data and achieving the aim, geoelectric sounding method and Schlumberger array was employed with the use of a digital averaging instrument ABEM terrameter SAS 300 model that displays the resistance measurements directly with a maximum current electrode separation (AB) of 100m. WinResist software computer iterative procedure was used, which aided to obtaining interpreted depths and resistivities from field data. The results of the geoelectric survey were tied to various lithologies by calibrating the geoelectric values with borehole data which enabled us to establish the aquiferous zones. The aquifers were located at depth of about 22m to 30m based soil profile and high resistivity values ranging from 3415m to 4555m. The information from the findings can be successfully used to harnessing and supply safe, portable and sustainable water to the people of Omoku and its environs in Rivers State, Nigeria. Keywords: Groundwater, aquifer, geoelectric layer, Vertical Electrical Sounding (VES) I. -
Article Download
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. -
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https://theses.gla.ac.uk/ Theses Digitisation: https://www.gla.ac.uk/myglasgow/research/enlighten/theses/digitisation/ This is a digitised version of the original print thesis. Copyright and moral rights for this work are retained by the author A copy can be downloaded for personal non-commercial research or study, without prior permission or charge This work cannot be reproduced or quoted extensively from without first obtaining permission in writing from the author The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the author When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given Enlighten: Theses https://theses.gla.ac.uk/ [email protected] THE POLITICS AMO ADMINISTRATION OF COhTUNITY DEVELOPMENT IN THE RIVERS STATE OF NIGERIA BY LAURENCE A.8. lYAGOA Submitbed for the Degree of Doctor of Philosophy University of Glasgow Duly 1976 ProQuest Number: 10647271 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. uesL ProQuest 10647271 Published by ProQuest LLO (2017). Copyright of the Dissertation is held by the Author. All rights reserved. This work is protected against unauthorized copying under Title 17, United States Code Microform Edition © ProQuest LLO. ProQuest LLO. -
The Andoni People of Rivers State
The Andoni people of Rivers State, of Nigeria, are considered to be an Ijaw tribe by some, a distinct ethnolinguistic group by others, and a people closely related to the Annang, Igbo, Ibibio and Efik people of Akwa Ibom State and Cross River State in Nigeria. Like these people, the Andoni people refer to God as Awaji or Owaji.[1] Historically, the Andoni (Idoni or Indo) Is the first son among the many sons of Ijo (Ujo) heir to the throne of Oduduwa (Adumu) of Ile-Ife before the colonial era and had commercial contacts with European traders and with neighboring Ijaw clans, such as the Bonny, Okrika, Kalabari, and Nkoro. The Andoni frequently fought wars with the Kingdom of Bonny. The Andoni people speak Obolo as the only native language. Obolo language is a combination of words from Igbo, Efik, Ibibio, Annang, Okrika, Ijaw, and Nembe [2] . There is a historical link between the Okrika and the Andoni people. The Andoni people are the fiercest warriors in the Niger Delta, they have fought many wars with the Ogonis yet they are the best of friends. The Andoni (Obolo) clan of Ijaw is very wide with Ohafia and Aro (Arochukwu) people in Igbo land, Eastern Obolo, Ibeno-Eket and Oron in Akwa Ibom states and Andoni, Kala-Ido and Ogoloma in Rivers State. The Andoni people are very cultural, among the key towns are Ngo (Gogo), Ebukuma, Ikuru (Ikwut), Ataba, Ekede, Agwut-Obolo, Okoromboko, Okoroete, Iko, (Eastern Obolo axis), Asarama, Unyeada, Dema and Ilotombi. The Nwantam masquerade of Andoni celebrated every first January is one of the highlights of Obolo festivities, which they share with the Opobo, Nkoro, Bonny and Ndoki Ijaws. -
Copyright © 2020 Emmanuel Olusola Fasipe All Rights Reserved. the Southern Baptist Theological Seminary Has Permission to Repr
Copyright © 2020 Emmanuel Olusola Fasipe All rights reserved. The Southern Baptist Theological Seminary has permission to reproduce and disseminate this document in any form by any means for purposes chosen by the Seminary, including, without limitation, preservation or instruction. A STUDY AND CRITICAL ANALYSIS OF ORIN IDARAYA CHORUSES IN THE YORUBA BAPTIST HYMNAL (2000) OF THE NIGERIAN BAPTIST CONVENTION __________________ A Dissertation Presented to the Faculty of The Southern Baptist Theological Seminary __________________ In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy __________________ by Emmanuel Olusola Fasipe December 2020 APPROVAL SHEET A STUDY AND CRITICAL ANALYSIS OF ORIN IDARAYA CHORUSES IN THE YORUBA BAPTIST HYMNAL (2000) OF THE NIGERIAN BAPTIST CONVENTION Emmanuel Olusola Fasipe Read and Approved by: __________________________________________ Esther R. Crookshank (Chair) __________________________________________ George H. Martin __________________________________________ Paul O. Davidson Date ______________________________ For the glory of God TABLE OF CONTENTS Page LIST OF TABLES AND FIGURES . x PREFACE . xi Chapter 1. INTRODUCTION . 1 Thesis . 4 The Value of This Study . 5 Personal Background of The Study . 7 Delimitations of the Study . 8 Summary of the History of the Research . 8 Methodology and Methodological Models . 17 Overview of the Study . 20 Significance of the Research . 22 2. YORUBA LANGUAGE, TRADITIONAL CULTURE AND RELIGION . 23 Yoruba Language . 25 Yoruba Beliefs . 26 Yoruba Traditional Religion and Worship . 31 Yoruba Culture . 34 Roles of Music and Dance in Yoruba Culture . 36 Orality and Literacy in Yoruba Society . 45 3. THE HISTORY OF BAPTIST MISSION WORK IN YORUBALAND . 49 An Overview of Yoruba Christianity . 49 iv Chapter Page An Overview of Baptist Mission Work in Yorubaland . -
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 -
Foreign Exchange Auction No 04/2004 of 14Th January, 2004
1 CENTRAL BANK OF NIGERIA, ABUJA TRADE AND EXCHANGE DEPARTMENT FOREIGN EXCHANGE AUCTION NO 04/2004 OF 14TH JANUARY, 2004 FOREIGN EXCHANGE SALES RESULT APPLICANT NAME FORM BID CUMMU BANK Weighted S/N A. QUALIFIED BIDS M/A NO. R/C NO. APPLICANT ADDRESS RATE AMOUNT TOTAL PURPOSE NAME Average 1 OLAKANPO OLUTOYIN AA 1376055 A 0310429 2, ONIKOYI ROAD, IKOYI, LAGOS 139.0000 2,000.00 2,000.00 PERSONAL TRAVEL ALLOWANCE FSB 0.0032 2 NATHOLAB ENGINEERING CO. MF 0538470 RC 144390 OGUN RIVER BASIN DEV. AUTH. COMPOUND 5 OYETIBO139.0000 CLOSE RINGROAD 17,550.00 IBADAN 19,550.00 IMPORTATION OF AGRICULTURAL IMPLEMENTS(PLOUGHS NEW) FTB 0.0282 3 FIDSON HEALTHCARE LTD MF 0494701 RC 267435 215/219 IKORODU ROAD, OBANIKORO, LAGOS 139.0000 17,775.00 37,325.00 CIPROTAB I.V - CIPROFLOXACIN INJ. USP. 200MG/100ML PACK GATEWAY 0.0286 4 SECURITIES AND EXCHANGE COMMISSION AA0908269 TOWER 421,CONSTITUTION AVENUE, ABUJA 138.5000 51,000.00 88,325.00 PAYMENT OF COURSE FEES TO HAVARD BUSINESS SCHOOL FSB 0.0816 5 DOBLINK KREDIT & COMMERCE MF 0574595 RC 142890 18/20 COMMERCIAL ROAD, APAPA, LAGOS 138.5000 51,120.00 139,445.00 36,000KG VINNOLIT C14/50V POLYMER EQUIVALENT K47/48 GATEWAY 0.0818 6 Nicapaco MF 0435414 RC 12108 23 Industrial Avenue , Ilupeju, Lagos. 138.0000 346,080.00 485,525.00 Industrial Raw Matetrial, Fluting Paper in Rolls Capital 0.5520 7 Nicapaco MF 0435415 RC 12108 23 Industrial Avenue , Ilupeju, Lagos. 138.0000 239,400.00 724,925.00 Kraftliner in Reels - Industrial Raw Materials Capital 0.3818 8 ORJI AUGUSTINE ONYEMA AA1216971 A0032887 7 OCHIEZE CLOSE, ABAYI, ABA,ABIA STATE 138.0000 4,500.00 729,425.00 TUITION EXPENSES DBL 0.0072 9 FASORANTI ADENIKE AA 1271972 A 1788281 4A IDOMA CLOSE, U/RIMI GRA, KADUNA 138.0000 2,000.00 731,425.00 PERSONAL TRAVEL ALLOWANCE FSB 0.0032 10 NOMSAK INDUSTRIES LTD MF 0050281 RC 76987 129 TENANAT ROAD, ABA 138.0000 66,020.00 797,445.00 IMPORTATION OF STOCK FISH HEAD FSB 0.1053 11 M.C.