Company In Nigeria Research Articles

LEGAL ANALYSIS OF THE SHAREHOLDERS’ RIGHTS AND INFORMATION AND COMMUNICATION TECHNOLOGY IN NIGERIA

This study argues that deploying Information and Communication Technology (ICT) in corporate governance will strengthen the rights of shareholders and promote their effective participation in the affairs of the company in Nigeria. Nevertheless, the present corporate law on the right of shareholders in Nigeria are largely defective and inconsistent in creating enabling environment for shareholders to take the benefits of ICT in the exercise of their rights. For instance, section 240(2) of the Companies and Allied Matters Act (CAMA) 2020 promoted electronic meetings for private companies, but restricted public companies that would have needed electronic meetings the most. Besides, there are no rules for determining the specific electronic means that is suitable for the shareholders, thereby allowing company to provide electronic means that may be beyond the reach of the shareholders. Also, the Securities and Exchange Commission established e-dividend regime in 2015, but it is limited to companies listed on the Nigerian Stock Exchange. Therefore, this study analyzed comparative lessons from Canada and Europe, and recommended that the Nigeria’s Corporate Affairs Commission should, as a matter urgency, introduce standard guidelines for ICT and shareholders’ rights in Nigeria.

Intelligent Transition Mechanisms in 5G DSA: A Logistic Regression Approach to Reuse Factor Adaptation

This research work use Dynamic Spectrum Allocation (DSA) embedded in 5G technology and logistic regression as Machine learning tool to alter the reuse factor of assigned telecommunication frequency to a more robust and reliable frequency. The switch from a frequency reuse of 3 (FR3) to a frequency reuse of 7 (FR7) was considered. Historical data generated from a Telecommunications Company in Nigeria was utilised. This data consist of User throughput and the number of user equipment to assess traffic load and congestion from user equipment (UE).The ideal was meant to determine the probability at which a switch or transition between reuse factors will occur. With a resolution threshold of 50 users which was set to commence the shift from reuse factor of 3 when the number of users have reached its threshold of 50 to reuse factor of 7 when the number of users exceeds 50 and above. The objective of this combination is to increase spectrum utilisation efficiency and network flexibility, by optimising spectrum resources in densely populated urban areas. This study explains the mechanisms and also demonstrate how logistic regression with DSA will enhance network capacity of wireless communication systems. The logistic regression model proved effective in making intelligent decisions regarding the transition from reuse factor 3 to reuse factor 7 as it was able to accommodate up to 79 users as against the threshold value of 50 users when running under the reuse factor of 3. With a high accuracy of 91.9% and balanced precision-recall values, it showcased its ability to optimize spectral efficiency.

Motivational Packages and Welfarism on Workers’ Productivity on the Example of a Company in Nigeria

Motivational Packages and Welfarism on Workers’ Productivity on the Example of a Company in Nigeria

Chemical fractionation and mobility of Cd, Mn, Ni, and Pb in farmland soils near a ceramics company.

Soil contamination due to industrial activity in ceramics production is of concern because of the risk of heavy metal pollution. Successive extraction was used to measure and identify the concentrations of Cd, Mn, Ni, and Pb in farming soils near a ceramics company in Nigeria. Furthermore, soil pH and particle size analyses were determined. The concentration of Pb was the highest, followed by that of Ni, Mn, and Cd (lowest), and the mean level of Cd exceeded the regulatory allowed limit of 1.4mgkg-1. The order of the metals' mobility factors was as follows: Cd > Mn > Ni, Pb. While the Fe-Mn oxide phase had 37% (Mn) and 20 to 83% (Ni), the residual fraction had approximately 30% (Cd) and 19 to 50% (Pb). Soil pollution evaluation was performed using enrichment factor (EF), contamination factor (CF), pollution load index (PLI), and geoaccumulation index (Igeo). Values of EF indicated significant enrichment for all metals, as the EF mean values for Cd, Ni, and Pb in soil were > 1.5. Total EF is of the order Cd > Pb > Ni > Mn. CF results revealed moderate to very high contamination (CF < 1: 3 ≤ CF ≥ 6). Similarly, the PLI indicated moderately to severely polluted soil. The order is 100m > 200m > 300m > 400m. The Igeo ranged from 1.46 to 2.76 (Cd), 0.07 to 1.62 (Ni), and 0.05 to 2.81 (Pb). The PCA, CA, and EF analyses suggest that the metals are a consequence of anthropogenic activities.

State Capacity and The Curtailment of Corrupt Practices by Mobile Telecommunication Company in Nigeria

State Capacity and The Curtailment of Corrupt Practices by Mobile Telecommunication Company in Nigeria

A comprehensive framework for the sustainability indicators in the textile industry of developing countries

AbstractTextile production in developing countries is known to be associated with significant environmental, social, and economic challenges. Existing research has mostly focused on singular aspects of sustainability, while no consensus exists on the importance and applicability of sustainability indicators. To address these gaps, this study utilized an integrated approach involving the Delphi method and the fuzzy best‐worst method (BWM) to develop a comprehensive framework by identifying and formulating sustainability indicators tailored for the textile industry in developing countries and assess their importance and applicability. Through three consecutive rounds of Delphi, a total of 64 sustainability indicators were identified (16 economic, 24 environmental, and 24 social indicators). Next, fuzzy BWM was employed to determine the importance and applicability of these indicators. The results show that (a) environmental indicators overall have higher applicability scores, (b) the top three critical indicators were raw material usage, operational costs, and fuel consumption, and (c) nearly half of the indicators (29/64) were deemed highly applicable, with 34.5% (10/29) of these falling under environmental, 34.5% (10/29) under economic, and 31% (9/29) under social dimensions. Finally, the utility of the framework is demonstrated through an empirical case study in a textile manufacturing company in Nigeria.

Productivity Performance Assessment of a Firm: A Case Study of Infrastructural Construction Company in Nigeria

Productivity measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output. Productivity growth constitutes an important element for modeling the productive capacity of economies. It also allows analysts to determine capacity utilization, which in turn allows one to gauge the position of economies in the business cycle and to forecast economic growth. The objective of the study is to analyze the impact of productivity, while using the inventory of the construction Company in Nigeria to investigate, measure, plan and control the productivity and performance of a firm. Data used for this study was generated through the firm's annual reports and financial statements. Multiple Linear regression Model developed was used to predict accurately the productivity level of the firm. In order to check the significant and the adequacy of the model developed, the coefficient of correlation(R), coefficient of determination (R2) and adjusted R2 were determined, with an R2 value of 0.983 and an adjusted R2 values of 0.932 obtained indicating that the model is adequate. The result of the study shows that the degree of association and correlation of the data is meritorious. Investigation revealed that factors in both external and internal work environment as well as the firm's policies are unfavorable to the enhancement of labour productivity.

Effects of Relationship Marketing on Organizational Performance in The Nigerian Telecommunication Industry. A Case of Airtel Telecommunication Company in Nigeria

In the current business world, organizational performance depends on identifying, attracting, acquiring and maintaining customers in the highly intensive competitive environment. This study identifies how organizational performance can be enhanced through customer relationship marketing capabilities. Population of this research was Airtel Telecommunication Company in the South-western part of Nigeria. Population of this research consists mainly of customers of Airtel Telecommunication Company in the South-western part of Nigeria. The data collection was done through the distribution of online and offline questionnaires on organizational performance and competition intensity. Logistic regression analysis test was used for further analysis. Findings revealed that good relationship with their customers, help the organizations to enhance their profitability and get the competitive advantage in the market place. This paper will enable organizations (especially organizations in the telecommunications sector) to understand and use their customers relation marketing capabilities in a good way.

Nexus Between Risk in Outsourced Activities and Operational Performance of Electricity Distribution Company in Nigeria

The emergence of globalization has made outsourcing become one of the most used corporate strategies for providing top‐notch services to various service industry which the electricity distribution sector is not left out. The study aims at examining the outsourced risk and operational performance of electricity distribution company in Nigeria using Benin Electricity Distribution Company (BEDC) as a case study. The study employed survey research design with a sample size of 14 business managers who were selected purposively. The data collected were analyzed using correlation analysis to determine the risk inherent outsourced activities posed are associated with operational performances. The findings of the study shows that the Pearson correlation value r = 0.333 between security &amp; privacy risk and operational performance indicates a positive and low relationship at (P=0.245; P&gt;0.05) significant level, the Pearson correlation value r = 0.311 between operational risk and operational performance indicates a positive and low relationship at (P=0.279; P&gt;0.05) significant level , and the Pearson correlation value r = 0.543 between financial risk and operational performance indicates a positive and moderate at (P=0.045; P&lt;0.05) significant level in the study area. In line with the findings, the study concludes that all risks factors are contributing element to operational performance except for financial risk having a moderate influence on operational performance in the study area and recommends that as much as risk is an important factor in business, the services of outsourced vendors should be cautioned so as not to expose the organization to too much of risk.

The effect of recruitment and selection on salesperson performance of a vehicle manufacturing company in Nigeria

Organizations should equip human resources and sales managers with the vital information and knowledge needed to recruit and select salespersons with the required qualities to help them achieve improved sales performance. This paper aims to determine a salesperson’s educational qualification, selling experience, and persuasive ability and their effect on the salesperson’s performance at Innoson Motors Manufacturing Company Ltd. The study surveyed 131 company staff to collect the data; only 120 questionnaires were correctly filled and returned. First, the study checked the instrument’s reliability (Cronbach’s alpha = 0.982). Data were then analyzed using a simple linear regression analysis. The findings revealed that salesperson educational qualification has a significant positive effect on salesperson performance (r = 0.944; t = 54.251; F = 2943.209; p &amp;amp;lt; 0.05). Next, salesperson selling experience was found to have a significant positive effect on salesperson performance (r = 0.964; t = 68.905; F = 4747.922; p &amp;amp;lt; 0.05). Finally, salesperson persuasive ability was found to have a significant positive effect on salesperson performance (r = 0.960; t = 64.812; F = 4200.634; p &amp;amp;lt; 0.05). Hence, company managers can use the findings of this paper to understand that employing highly educated, experienced, and persuasive salespersons will lead to improved salesperson performance. AcknowledgmentWe wish to appreciate the good work done by some of the researchers who contributed immensely to the development of the study’s framework and methodology. Among them: Professor Gerald Nebo, Associate Professor Chinedum Obikeze, Dr. John Anetoh and Dr. Wali Kemkamma. We also commend the effort of Mrs. Okolo Jennifer for typing and editing the work. In a similar tone, we wish to thank our respondents for equipping us with the required information that made this study a success.

A Comparative Study of the Influence of Advertising on the Brand Performance of Carbonated Soft Drinks: A Study of Coca-Cola and Pepsi Company in Nigeria

Consumers are so much conscious and sensitive in case of selecting brand. This study investigates a comparative study of the influence of advertising on the brand performance of carbonated soft drinks. If there is one requirement to provide businesses a competitive edge in this highly competitive times, it is the necessity for efficient and effective advertising. Since so much money is spent on advertising, analyzing its effects is still essential for businesses, especially those involved in the collusive oligopolistic soft drink market where advertising helps to differentiate products from competitors. With specific reference to Coca-Cola and Pepsi advertisements on the performance of carbonated soft drinks, this study primarily examines the extent to which advertising influences customers' purchasing decisions. The research's methodology included a poll of 400 participants, and the results showed that advertising has a beneficial effect on consumer consumption in Nigeria's soft drink market. Today, it was determined, it is crucial to maintain customers' loyalty to a company's goods, necessitating the development of effective advertising methods like brand equity to stop customers from being disloyal to the brand. A survey was conducted by a significant number of respondents have been influences by the adverts of Coca-Cola and Pepsi.

Analysis of the Process Parameter in Fluid Catalytic Cracking Unit for a Refining and Petrochemical Company in Nigeria

The aim of this study is to generate operational data that can be used to improve the production capacity in the Fluid Catalytic Cracking Unit (FCCU) in a Refinery and Petrochemical Company. This will aid in tackling the daunting challenge of unavailability of operational data that can be used to better understand and improve production capacity and ensure maximizing catalyst utilization. In addition, it addresses the challenges of analysis and control of the FCCU process due to its very complicated and little-known hydrodynamics, complex kinetics of both reactions of cracking and coke burning, strong interaction between the reactor and regenerator, and numerous operating constraints. Aspen HYSYS version 8.0 was used in modeling the cracking process using parameters extracted from the operating manual of the FCCU in the refinery. The operational data was used to compare the simulated effect of stepwise input in feed and reactor plenum temperatures as well as stepwise increase in reactor length on yield, catalyst-to-oil-ratio and catalyst regeneration. An optimum flow in naphtha was obtained by the interaction of the inlet crude flow rate, riser height, and temperature this optimum was supported by the study of the interaction of these parameters when, catalyst to oil ratio was set as the dependent parameter. The inferences drawn from the results are that the reactor plenum temperature of 560℃ and a riser length of 27 m are recommended for optimum performance that ensures lasting effect of an efficient catalyst activity.

Effect of Job Security on Employee Performance in Berger Construction Company in Nigeria

Securing and retaining a job is the desire of most, if not every employee, especially in the face of high rates of unemployment occasioned by several factors globalisation, harsh economic conditions, high mobility of labour and so on. On the demand side, organisations also seek to attract high flyers to ensure peak performance in order to attain set objectives. Between these two sides, several determinants are key to the realization of these objectives, chief amongst which is Job Security. One could say it is the major bridge linking the two. The study examined the effect of Job Security on employees performance at Berger Construction Company in Nigeria. The study adopted the survey research design. The population of the study consists of 518 employees of Berger Construction Company in Nigeria which was also used as the sample size. The method of data collection was a questionnaire which was administered to the respondents. The statistical tools adopted for this study were correlation and simple regression models. The findings revealed that there is a positive and significant effect of job security on employees performance in Berger Construction Company in Nigeria. The study recommended that Berger Construction Company should continue to ensure the effective promotion of their employees to higher statuses and higher positions and also ensure they improve their salary system.

Cost Effective Maintenance and Machine Reliability for Food Manufacturing Industries using Optimal Maintenance Strategy

An optimal maintenance strategy for cost effective maintenance and machine reliability in food manufacturing industries was developed in this study. Maintenance and cost parameters were employed to develop cost-reliability based model in terms of an optimal maintenance using lingo solver. The developed cost-reliabilitybased model considered system’s reliability, cost of equipment failure, preventive maintenance, corrective maintenance and downtime cost associated with - equipment maintenance. A case of a food manufacturing company in Nigeria was observed and the data wasused to evaluate the model. It is imperative to know that, the developed optimal maintenance strategy provided better cost savings and improved system reliability than the current maintenance cost and machine reliability of the industrial case study.

Improving Insurance Operations in Nigeria Through the Digital Technologies

This paper aims to evaluate the impact of digitalization technologies on the insurance industry in Nigeria. Data were obtained from primary sources only. The primary data were collected through the mailed questionnaires that were administered to selected Chartered Insurers in Nigeria. The questionnaires were designed to reveal issues on digital transformation in Insurance industry in Nigeria. Seventy (70) questionnaires were sent to the respondents across the country in the six Geo-Political zones in Nigeria. It is noteworthy that 45% of the respondents were the Chief Executive Officers of different insurance companies, 30% of them were at Senior Manager Level of the Life Assurance Companies while the remaining 25% were the General Managers of Underwriting, Claims, Marketing and Human Resources Departments. It was found out that Nigerian Insurance companies as well as the NAICOM had transformed more than 40% of their services into digital technology. Besides, the research further revealed that almost every insurance company in Nigeria has a digital platform. The research recommends that the Federal Government should create sufficient budgetary allocation to invest in InsurTech and improve the training of the staff of the Government owned insurance companies such as NICON, Nigeria Reinsurance Corporation, LASACO, on the acquisition of digital skills. This will quickly encourage and mandate the private owned insurance companies to equally invest in InsurTech and arrange digital training for their staff so as to acquire digital skills necessary for the full digital transformation. The National Assembly should also amend the existing Constitutions on big data and recommend strict penalties for cybersecurity breaches. All these will disrupt the insurance services in Nigeria.

Financial strength, financial performance and firm’s value in multinational companies in Nigeria

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This study examined the relationship between financial strength, financial performance and firm’s value of multinational companies in Nigeria. The main objective of the study is to study the effects of financial strength and financial performance on firm’s value of a multinational company in Nigeria. This Study is based on signally theory. Secondary sources of data were sourced from Central Bank of Nigeria Statistical Bulletin and annual report of the selected multinational company in Nigeria. Ordinary Least Square Linear Regression model was used in analyzing the data. Findings show Quick Ratio (QR) has a significant positive relationship with firms’ values, Debt to Equity Ratio (DER) has a significant negative relationship with Firms’ values, Debt to Assets Ratio (DAR) has a significant positive relationship with Firms’ values while Cash Flow Ratio has a significant positive relationship with firms’ values as proxies for financial strength. Return on Capital Employed (ROCE) as proxy for financial performance has a significant positive relationship with firms’ values of multinational companies in Nigeria. The study concluded that, if multinational companies build strong financial strength to improve their financial performances, their market value would be sustained. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keywords: financial strength, financial performance, firm value, multinational company, signal theory, linear regression model

Remembering the past: A Conversation With Afolabi Adesanya as Film Exhibitor

Afolabi Adesanya is known as a Nigerian filmmaker and a policy maker, but not as an exhibitor. His experiences at the first film exhibition company in Nigeria, the West African Pictures Company Limited (WAPCo Ltd.), have never been documented. Established in the 1930s by Syrian Lebanese brothers, the company’s ownership changed in the 1970s with the Indigenization Decree. Little is known of the early history of the company or its contributions to cinemagoing and film consumption in Nigeria; hence, Adesanya’s account of the period while he was at the helm of WAPCo Ltd. (2001–2005) is invaluable. In this interview conducted at the National Arts Theatre in Lagos, the first purpose-built multiplex facility in Nigeria, Adesanya reflects on the challenges of directing a cinema company that was bought by a real estate firm solely interested in turning a profit. It brings to the fore one of the reasons for the decline in cinemagoing in the 1980s and 1990s, which is the dearth of trained cinema business personnel and infrastructure.

Taxation and Financial Performance of an Insurance Company in Nigeria: A Study of Consolidated Hallmark Insurance Plc

Taxation and Financial Performance of an Insurance Company in Nigeria: A Study of Consolidated Hallmark Insurance Plc

Effect of Leverage on the Profitability of an Insurance Company in Nigeria: A Study of Consolidated Hallmark Insurance Plc.

Effect of Leverage on the Profitability of an Insurance Company in Nigeria: A Study of Consolidated Hallmark Insurance Plc.

Taxation and Performance of Manufacturing Companies in Nigeria: Evidence from Flour Mills Plc

The study examined the impact of taxation on the performance of manufacturing company in Nigeria from 2005-2021. The study sought to determine if taxation has any impact on the return on asset (ROA) and earnings per share (EPS) using flour mills plc as a case study. The Ex-post research design was adopted and time series data were collected for the study. The ordinary least square regression analysis was used in the analysis. The findings revealed that there is no significant relationship between taxation and the performance of manufacturing company in Nigeria. From the result of the analysis, independent variable of tax showed a weak and negative relationship with ROA and weak and positive relationship with EPS. The study recommends that there should be improvement in the effectiveness of tax administration by ensuring proper assessment. Also, all Relevant Tax Authorities (ROA) should endeavour to have good relationship with the Professional Associations like Chartered Institute of Taxation of Nigeria (CITN) and Institute of Chartered Accountants of Nigeria (ICAN) involved in tax matters so as to increase their support in reducing tax malpractices perpetrated by tax payers with the connivance and often active support of external auditors and tax consultants. Also, the entire tax system as well as the taxes that affect the performance of manufacturing sectors should urgently be overhauled for more effectiveness to achieve the desired results.