September 2009

Effects of bank mergers and acquisitions on small business lending in Nigeria

  Merger and Acquisition (M&A) is one of the instruments of the recent banking reforms in Nigeria. One of the implications of the reform is its effect on the lending to small businesses, which was divided into static and dynamic effect (restructuring, direct and external) in this study. Data were collected by cross-sectional survey research design and were subsequently analyzed by the ordinary least square...

Author(s):   Francis Kehinde Emeni and Chinwuba Okafor  

September 2009

Is insurance Nigeria’s next capital market ‘honey pot’? An investigation using daily stock data

  For many years only few of the insurance companies in Nigeria were quoted on the Nigerian Stock Exchange (NSE). Majority prefer to be outside the exchange where the duty of information disclosure is less stringent. However, in 2005 the regulatory authority raised the capital requirement by more than 1000 multiples of the previous level. Unlike the previous recapitalizations when insurance companies had always...

Author(s):   Ade Ibiwoye and I. A. Adeleke