The Effect of Deregulation Policies on the Profitability...

CHAPTER ONE Introduction 1.1 Background of the study Organization, corporations or establishment, just like the governments are governed by rules and regulations, in the same way every economy set out goals, which it achieves, through various means. Vibratory and fiscal policies are the stimulant to any nation economic development, especially with regards to Nigeria. However, in this study, the attention of this is mainly on the influence of deregulation on banks profitability in Nigeria. The discussion on the deregulation can be effectively carried out without understanding what monetary policy is all about. In this content, monetary policy could be defined as a policy which deals with discretionary control of money†¦show more content†¦These objectives were to be achieved through a determined price system and deregulation of economy. Deregulation is regarded as a major policy or strategy for revitalizing the economy. This is based on the fact that determination which embraces the removal of inhabiting controls on business and economic activities, will encourage competition, increase the level of investment and efficient allocation of resources. The financial sector and the banking industry in particular regarded as the oil that keeps the wheels of economy moving, has continued to experiences the force of deregulation in different areas of it operations. The deregulation of the industry started in 1987, with the liberalization of interest rate. The reform exercise has affected other areas of banking activities, against this background. The study will focus on the deregulation on the banking industry, process of deregulation, dimensions of deregulation, evaluation of reforms and effects on the banking industry. In the process of analysis, reference will be on the zenith Bank plc and Diamond Bank plc. 1.2 Statement of the problem: The banking industry, due to its intricate nature has been encountering problems, such as capital inadequacies, excessive liquidity, bank distress and subsequent legibility in order to minimize and eradicateShow MoreRelatedImpact of Monetary Policy on Nigeria Commercial Banks11620 Words   |  47 PagesTHE IMPACT OF MONETARY POLICIES ON NIGERIA COMMERCIAL BANK (A CASE STUDY OF ZENITH BANK P.L.C) For more project materials Log on to Or call +2348130686500 +2348093423853 TERMS AND CONDITIONS Using our service is LEGAL and IS NOT prohibited by any university/college policies You are allowed to use the original model papers you will receive in the following ways: 1. As a source for additional understanding of the subject 2. As a source for ideas for yourRead MoreThe Impact of Information and Communication Technology (Ict) on Profitability in the Nigeria Banking Industry: Focus on Some Selected Banks4006 Words   |  17 PagesTHE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON PROFITABILITY IN THE NIGERIA BANKING INDUSTRY: FOCUS ON SOME SELECTED BANKS BY AKOMBO TERSEER SIMON BSU/MS/MBA/09/3150 A SEMINAR PAPER PRESENTED TO THE DEPARTMENT OF BUSINESS MANAGEMENT, BENUE STATE UNIVERSITY, MAKURDI AUGUST, 2011 Abstract Commercial banks—assaulted by the pressures of globalization, competition from non-banking financial institutions, and volatile market dynamics—are constantly seeking new ways to add value toRead MoreThe Effect of Promotion and Market Share Enhancement on the Nigerian Banking Industries.13810 Words   |  56 Pagesstrategic marketing should be recognized as a salient corporate goal. Marketing of financial services, therefore, entails the marketing of the services of the financial sub-sectors. These include the services of the Commercial banks, Merchant banks, Central Bank, Bureau de change, saving and Loans companies, Mortgage institutions, Discount House, Nigerian Deposit Insurance Corporation (NDIC), Finance House, Nigerian Stock Exchange and other financial institutions. Broadly speaking, bankingRead MoreEffect of Consolidation on the Performance of Nigeria Banks9468 Words   |  38 Pageshistorical, economic and institutional imperatives. In Nigeria, the reforms in the banking sector preceded against the backdrop of banking crisis due to highly undercapitalization deposit taking banks; weakness in the regulatory and supervisory framework; weak management practices; and the tolerance of deficiencies in the corporate governance behaviour of banks (Uchendu, 2005). Banking sector reforms and recapitalization have resulted from deliberate policy response to correct perceived or impending bankingRead MoreMacroeconomic Variables Affecting a Business Environment2192 Words   |  9 Pagesservice industry; local or international firm, its operations are inhibited by the environment in which it operates. During 2003-2007, Nigeria attempted to implement an Economic Empowerment Development Strategy (NEEDS). The purpose of NEEDS is to raise the country’s standard of living through a variety of reforms, including macroeconomic stability, deregulation, liberalization, privatization, transparency and accountability (Gbadebo, 2008). The popular view regarding the role of the financial sectorRead MoreTHE ROLE OF COMMERCIAL BANKS IN THE ECONOMIC DEVELOPMENT OF RURAL AREAS OF NIGERIA4862 Words   |  20 Pages1/2012 103-111 The Role of Banks in Capital Formation and Economic Growth: The Case of Nigeria Alex Ehimare OMANKHANLEN Covenant University, Ota, Ogun State, NIGERIA alexehimare@yahoo.com Abstract: This study investigates the role of banks in capital formation and economic growth: The case of Nigeria for the period 1980-2009. The economies of all market-oriented nations depend on the efficient operation of complex and delicately balanced systems of money and credit. Banks are an indispensable elementRead MoreFactors Influencing The International Expansion Of Nigerian Banks6650 Words   |  27 Pagesinfluencing the international expansion of Nigerian banks† finds that Nigerian banks internationalisation is influenced by home country regulations and the domestic competitive pressure, managerial intentionality and risk diversification. Similarly, Boojihawon and Acholonu (2013) on the study of â€Å"the internationalisation of African banks† shows that the consolidation and recapitalization program in the banking sector 2004 motives Nigerian banks embark on foreign expansion. This is an indicationRead MoreThe Role of Ict in Banking Operations13419 Words   |  54 Pageslargely by challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirements that conform to international standards (Elumelu, 2005) As at the end of June, 2004, there were 89 deposit money banks operating in the country, comprising institutions of various sizes and degrees of soundness. Structurally, the banking sector was highly concentrated, as the ten largest banks accounted for about 50 percentRead MoreAdoption of Information and Communication Technology (Ict) in the Banking Sector: Success or Failure?5916 Words   |  24 Pagesas evidenced by its application in most of its operations. The objective of this paper was to determine if the Nigerian banks have failed or succeeded in the adoption and use of ICT (see table 2.1). An evaluation of the adoption and use of ICT infrastructures from the periods between years 2000 to 2008 indicated steady growth. It is presumed that as of today, the Nigerian banks may have attained their ICT potentials in their operations, though with some challenges. The paper concludes that the adoptionRead MoreThe Role of Agriculture in the Nigerian Economy8784 Words   |  36 Page sAgriculture ââ€" ¡ Analysis of Selected Indicators of Agricultural Growth ââ€" ¡ Agricultural Constraints ââ€" ¡ Institutional Reforms ââ€" ¡ Major agricultural policies in Nigeria from 1960-2005 ââ€" ¡ Macro-economic variables affecting economic growth ââ€" ¡ Government expenditure ââ€" ¡ Investment ââ€" ¡ Foreign investment ââ€" ¡ The new Nigerian Agricultural Policy 2.0 The role of agriculture in an economy It is important to first define the term-Agriculture before talking about the role of agriculture

Karma-Yoga Free Essay Example, 750 words

KARMA-YOGA Introduction Karma is action and Yoga is the means or the (Chinmayananda 3). Thus, Karma yoga is a spiritual practice in that actions gets used as the way of achieving either liberation or self-transformation by escaping from the impacts of actions. The action path proposed in Bhagavad-Gita teaches someone how to remain in the world, doing their duties and still get qualification for the spiritual life. It is in contrary to the common opinion that people should go to the forest, renounce their worldly belongings, away from the community like a cave and do meditation or tapas to achieve self-realization. According to Hindu, Karma operates both in a lifetime and across lifetimes; the actions results may only get experienced after the life in the present. Virtuous or good actions, harmony actions with dharma, will get good responses or reactions while bad actions, those that are against dharma will get the opposite consequences. Krishna explains that actions bind people to their subject and impact them to their karma. Though, it does not mean that non-action or inaction is a solution to karma problem. We will write a custom essay sample on Karma-Yoga or any topic specifically for you Only $17.96 $11.86/pageorder now It is clear that none of the actions, non-action, wrong action and right action, give individuals freedom by renouncing work or abstaining from work. It is because one cannot remain inactive as the gunas drive each one helplessly in performing actions physically and mentally. Right action is when one who know the truth about functions and qualities of their functions, understanding gunas as senses and tend to move between them as the sense-objects. A wrong action is when a person deluded by egoism describes the Self with the mind, body, the senses, and life-forces, ascribing to the Self every body’s attributes and the senses (Sargeant 5). The non-action refers to the men who practice the teachings constantly of teachings of Mine without caviling and with faith. Hence, they get freed from the actions. Krishna explains that the correct action according to Dharma gets understood as service to God and humanity. According Buddhist, Karma is the action that is driven by intentions that result in future consequences. The intentions get considered being the determining factor in rebirth kind, rebirth cycle. Finding the right action is done through right thinking, using individuals commonsense and the reason (Schouler & Anthony 4). People should follow the Sastras injunctions. Right actions are through wise reflection, moral living and meditation and their ability in acting from their intentions blossoms. In the case of wrong actions, it involves performing things with bad intentions. Thus, it is seen that according to Buddha, the actions get based on intentions and goals of certain performances. There is a distinction between an individual doing their duty and renouncing the world. Atman is the real self over ego or false self (Davis 10). Often, it is gets referred as soul or spirit and shows individuals true self or the essence that underlies our existence. There are several interesting self-perspectives in Hinduism that range from self as Gods eternal servant to the self-being known by God. The self-understanding as eternal does support the reincarnation idea in that similar eternal being may inhabit temporary bodies. The atman idea of people’s self as spiritual instated of being material emphasizes on renouncing the world and encourages practices like asceticism. Hence, it there may be a conclusion that in this world, the spiritual people have human experience instead of humans having spiritual experience as it when people do their duty. Buddha refers to people who practice karma-yoga as childish as they expect to have pleasure after lifetime according to their actions. The objective of mankind is knowledge, not pleasure. Buddha spread their ideology though they preached renunciation as the solution to the mankind miseries in their life. Buddha explains that it is childish to practice the Karma-Yoga as to reach God one need medium that is separate from their entity. He says that Dharma sustain the world through setting philosophies. Dharma has conduct codes though not universal (Singh 15). The codes differ from an individual to individual, from life to another and from karmic debts to other. Hence, there are no consequences of people actions in their life after death. Thus, this explains why Buddha termed people who practiced karma-yoga as childish. Hindu believes that Yoga practice help is reaching Brahm and the rest in bliss forever because there is no eternal heaven or hell in Sanatana Dharma. Thus, has no effec t on ones life after the current life their living. Dharma is not only on religious but also life sciences, technology, body, mind, the environment, and science. As a result, some of the knowledges contradicted the Krishnas teachings on yoga; thus, calling karma-yoga practitioners childish. WORK CITED Chinmayananda, S. Art of Man making, Chinmaya Publications. 2007. Davis, H. The "Bhagavad Gita": A Biography, Princeton University Press. 2014. Singh, R. Bhakti and philosophy, Lexington Books. 2006. Sargeant, W. The Bhagavad GÄ «tÄ : Twenty-fifth Anniversary Edition, Albany: State University of New York Press. 2009. Schouler, K &Anthony, S. The Everything Hinduism Book: Learn the traditions and rituals of the "religion of peace", Adams Media. 2009.

Ethics and Related Philosophies - 4468 Words

I. DEFINITION OF ETHICS Rushworth Kidder states that standard definitions of ethics have typically included such phrases as the science of the ideal human character or the science of moral duty . Ethics, sometimes known as philosophical ethics, ethical theory, moral theory, and moral philosophy, is a branch ofphilosophy that involves systematizing, defending and recommending concepts of right and wrong conduct, often addressing disputes of moral diversity. The term comes from the Greek word á ¼  ÃŽ ¸ÃŽ ¹ÃŽ ºÃÅ'Ï‚ ethikos from á ¼ ¦ÃŽ ¸ÃŽ ¿Ãâ€š ethos, which means custom, habit. The superfield within philosophy known as axiology includes both ethics and aesthetics and is unified by each sub-branchs concern with value. Philosophical ethics investigates what is†¦show more content†¦Consequently, distinguishing the philosophical beliefs of Socrates from those of Plato and Xenophon is not easy and it must be remembered that what is attributed to Socrates might more closely reflect the specific concerns of these thinkers. The matter is complicated because the historical Socrates seems to have been notorious for asking questions but not answering, claiming to lack wisdom concerning the subjects about which he questioned others. If anything in general can be said about the philosophical beliefs of Socrates, it is that he was morally, intellectually, and politically at odds with many of his fellow Athenians. When he is on trial for heresy and corrupting the minds of the youth of Athens, he uses his method of elenchos to demonstrate to the jurors that their moral values are wrong-headed. He tells them they are concerned with their families, careers, and political responsibilities when they ought to be worried about the welfare of their souls. Socrates assertion that the gods had singled him out as a divine emissary seemed to provoke irritation, if not outright ridicule. Socrates also questioned the Sophistic doctrine that arete (virtue) can be taught. He liked to observe that successful fathers (such as the prominent military general Pericles)Show MoreRelatedPositive And Negative Impact On The Performance Of Your Athletes937 Words   |  4 Pagesathletes. One of the primary tenets of social cognitive theory i s that individuals learn by observing and imitating the behaviors of models.† An ethical coaching behavior is positively related to student athletes or in some cases negative. Throughout the article they mention how abusive coaching behavior can be related to willingness to cheat. As a coach and even as players achieving performance goals is meaningless if you did not consider how those results were achieved fairly. Both cheating and abusiveRead MoreAristole962 Words   |  4 PagesEthics in Aristotle’s Philosophy Ruth Geter AC 504 Ethical Issues in Business and Accounting Unit 2 Assignment July 19, 2016 Aristotle Philosophy Introduction I have chosen Aristotle as my philosopher. â€Å"He was the first to argue that equals should be treated equally, and unequal’s should be treated unequally in proportion to their relevant differences† (Brooks and Dunn, 2014). In today’s society people sometimes lose sight of being ethical and often know what is right but chooses to notRead MoreWhy Ethical Responsibilities Go Beyond Legal Compliance. Essay591 Words   |  3 Pages1. Explain why ethics is important in the business environment. Ethics is important not only in business but in all aspects of life because it is the vital part and the foundation on which the society is build. A business/society that lacks ethical principles is bound to fail sooner or later. While many businesses have codes of ethics, the words written in a formal code are valuable only if their intent is reflected in the actions of the people who represent the organization. A business cannot beRead MoreThe Physical And Ethical Side Are Portrayed And Preserved Through Oral History857 Words   |  4 PagesMuch of Native Philosophy, both the physical and ethical side are portrayed and preserved through oral history. In this paper I will lie out and explain the aspects of the philosophies outlined in the articles of our course pack. The course pack is made up of eight articles as well as a pre-face, by different authors who in depth explain the fundamentals of Native Philosophy. This paper will serve as a condensed version, fitting and explaining the main points of the philosophy. I have broken downRead MoreEthical Issues Facing The Healthcare Industry905 Words   |  4 PagesThe following ethics program will highlight some key ethical issues facing the healthcare industry as a whole, as well as hospice agencies specifically. In this program, I will reference ethical principles used today as well as reference historical ethicists and philosophers that backup the items outlined in this ethics program. There are two major topics to be discussed. The first will be how to treat patients that are at the end of their life, which includes their loved ones as well. A specificRead MoreImmanuel Kants Theory Of Moralism And Utilitarian Ethics1377 Words   |  6 Pagesform of ethics question whether decisions made or considered good in action, rather than good in the end. Immanuel Kant, a famous great philosopher, generally based his thought on this form of ethics. On the other hand, utilitarian ethicists focus on maximizing the u tilization of resources, also while balancing the principles of right and wrong. John Stuart Mills, another famous philosopher, revolved his theories and ways of thinking around utilitarian ethics. Both of these forms of ethics typicallyRead MoreNursing Philosophy and Code of Ethics Essay872 Words   |  4 PagesThere are philosophical forces that make up and direct each nurse’s practice. Burkhardt and Nathaniel (2008) note philosophy as â€Å"the intense and critical examination of beliefs and assumptions (pp. 27). One incorporates knowledge and beliefs to make up their philosophical forces. Possessing outstanding philosophical forces allows one to be respectful, well rounded and possess good character. Some examples of ways one has been respectful towards another person’s beliefs are discussed in the next paragraphRead MoreEthics in the Workplace1201 Words   |  5 PagesEthics in the Workplace Classical and Contemporary Ethical Philosophies Ethical philosophies served as guide for people in the workplace to make moral decisions in conducting business. There are classical normative ethical philosophies as well as contemporary ethical philosophies being used. They have been applied in the different levels or dimensions of the business organizations. People do know that there are business organizations that have disregarded ethical standards and encounters ethicalRead MoreEssay Ethics and Moral Philosophies1563 Words   |  7 PagesEthical and Moral Philosophies Ashford University May 20, 2013 Introduction The inner works of a successful business is based on the values and beliefs of its owner. In comparison to a family, the owner may be considered the matriarch and employees considered sons and daughters. Based on that assumption, the responsibility for success and prosperity lie solely on the leader. Family success is based on the philosophy of values and morals of its matriarch that are passed down to the childrenRead More Computer Ethics Essay1361 Words   |  6 PagesComputer Ethics A Ten Commandments of Computer Ethics (see Appendix A) was first presented by Dr. Ramon C. Barquins in his paper for the Computer Ethics Institute of the Brookings Institution entitled, In Pursuit of a Ten Commandments for Computer Ethics in May of 1992. Computer ethics is about principles related to behavior and decisions made by computer professionals and users, including software engineers, operators, managers, policy makers, as well as educators and students. This means

Large Intestine free essay sample

Many people often confuse the large intestine with the small intestine. However the large intestine is wider (about 3 inches) yet shorter than the small intestine  (in humans about 4. 9 feet in length as compared with 22 25 feet for the small intestine) and has a smooth inner wall. (Britannica)   Ã‚   The large intestine consists of the cecum, ascending, transverse, descending and sigmoid colon, rectum and anus. The longitudinal muscle of the muscularis  externa is concentrated into 3 bands called teniae coli. These 3 bands of muscle form pouches (haustra) because they are shorter than the rest of the colon. The epithelium of the mucosa is mostly goblet cells, and has a numerous  amount of crypts, there are no villi. (Martini, Ph. D. ) The ileocecal valve (sphincter) prevents materials from moving back into the ileum. In the upper half of the large intestine, enzymes from the small intestine complete the digestive process and bacteria produces the B vitamins (B12, thiamin, and riboflavin) as well as vitamin K. We will write a custom essay sample on Large Intestine or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Martini, PhD) The large intestines primary function is to absorb water and electrolytes from digestive residues and storage of fecal matter until it can be expelled. The large intestine is the last attraction in digestive tube and the location of the terminal phases of digestion. In comparison to other regions of the tube, there are huge differences among species in the relative size and complexity of the large intestine. Nonetheless, in all species it functions in three processes:   (Marieb) *Recovery of water and electrolytes *Formation and storage of feces Microbial fermentation A wide variety of diseases and disorders occur in the large intestine. The most frequent and common disease of the large intestine is Crohns disease. The cause of Crohns disease is unknown. ( Britannica) Apart from the greater tendency for fistulas to form and for the wall of the intestine to thicken until the channel is obstructed, it is distinguishable from ulcerative colitis by microscopic findings. In Crohns disease, the maximum damage occurs beneath the mucosa, and lymphoid conglomerations, known as granulomata, are formed in the submucosa. Crohns disease attacks the perianal tissues more often than does ulcerative colitis. Although these two diseases are not common, they are disabling. ( Britannica) Because there is no specific etiology, a combination of anti-inflammatory drugs, including corticosteroids and aminosalicylic acid compounds, is used to treat Crohns disease. (Web MD) The drugs are effective both in treating acute episodes and in suppressing the disease over the long term. Depending on the circumstances, hematinics, vitamins, high-protein diets, and blood transfusions are also used. Surgical resection of the portion of the large bowel affected is often done. The entire colon may have to be removed and the small intestine brought out to the skin as an ileostomy an opening to serve as a substitute for the anus. In ulcerative colitis, as opposed to Crohns disease, the rectal muscle may be preserved and the ileum brought through it and joined to the anus. (Web MD) Lactose intolerance is the inability to digest significant amounts of lactose, the major sugar found in milk. Lactose intolerance is caused by a shortage of the enzyme lactase, which is produced by the cells that line the small intestine. Lactase breaks down milk sugar into two simpler forms of sugar called glucose and galactose, which are then absorbed into the bloodstream. Lactose intolerance is a problem caused by the digestive system. (lactose) People who do not have enough lactase to digest the amount of lactose they consume may feel very uncomfortable when they digest milk products.