Banks Participation in Industrial Development of Nigeria

BANKS PARTICIPATION IN INDUSTRIAL DEVELOPMENT OF NIGERIA (A CASE STUDY OF UNION BANK NIG. PLC)

Industrialization means the development of manufacturing industries applying  science and technology in order to provide work for the growing population and to raise the  standard of living b increasing per capita income and to improve balance of payment position, according to Alma B. mount joy in his book, industrialization  and development of countries. [Read more…]

A Critical Analysis On Fraud In Nigerian Financial Institution

A CRITICAL ANALYSIS ON FRAUD IN NIGERIAN FINANCIAL INSTITUTION

The particular time of fraud and forgeries in the Nigerian banking systems are indications of weakness in bank, internal controls systems and erosion of moral and ethical values in the country.  Frauds and forgeries undermines the safety, soundness and satiability of banking systems hence the special concern shown by government, the Central Bank of Nigeria (CBN). [Read more…]

The Role of Accounting in National Development

The Role of Accounting in National Development

Accounting measures the profitability and viability of any project.  The definition of accounting has already explained the role of accounting which is the system of collecting, summarization, analysis and reporting of data of an organization or project in a form suitable and comprehensible to prospective users.  [Read more…]

The Role of African Development Bank in Nigeria Economic Development

THE ROLE OF AFRICAN DEVELOPMENT BANK IN NIGERIA ECONOMIC DEVELOPMENT

Schumpeta (1934) is widely known as the first proponent of the view that financial institutions are necessary condition for economic development in his scheme of development in Capitalism banks \financial institutions are considered to be one to two primary and essential factors of development, the other factor being the availability of entrepreneurs. Among the more important followers of this view are, Goldsmith,Cameronetal and Patrick. [Read more…]

Accounting Information in Decision Making in Small-Scale Business in Nigeria

ACCOUNTING INFORMATION IN DECISION MAKING IN SMALL-SCALE BUSINESS IN NIGERIA

An economic entity is a separate and distinct organization. It varies from state government to banks, retail stores, charitable organizations etc.

Economic entities are divided into two groups:

  1. Profit motivated organization
  2. Non-profit motivated organization.

[Read more…]