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Ethical Evaluation of Tithes and Offerings in Osun Baptist Conference, Nigeria
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FOREIGN EXCHANGE-RISK PRICING IN THE NIGERIAN STOCK MARKET
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Berith as a Socio-Political and Economic Regulatory Mechanism in Ancient Israel and Traditional Ẹ̀gbá-Yorùbá Society
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Page will reload when a filter is selected or excluded.- Economic Development 2 results 2
- Funding of universities 2 results 2
- Islamic banking 2 results 2
- Leadership styles 2 results 2
- Sub-Saharan Africa 2 results 2
- University proprietorship 2 results 2
- "The performance of the agricultural sector has been relatively poor considering the attitude of existing financial institutions to the support of the sector. Informal credit supply is limited while formal credit supply is often inaccessible to smallholder farmers. Therefore, borrower's characteristics that determine access to formal and informal sources of credit were examined. Data collected by the Africa Rice Centre from Niger State in 2009 were used. Multi-stage sampling technique was used to obtain a sample of 373 out of 470 rice farmers from whom information was collected. Descriptive statistics and multinomial logit model were then used to analyse the data. Results revealed that agricultural credit programmes and village residents in the formal and informal credit sectors respectively were the accessible sources of credit. The results also revealed that access to formal credit was significantly increased by experience in rice farming, expenses on fertilizer input and rice income while access to informal credit was significantly increased by gender, duration of village residency, experience in rice farming and expenses on fertilizer input. It is recommended that a suitable credit support programme for access to formal credit should be introduced. " 1 results 1
- "The study investigated the impact of financial development on shadow economy in Africa, using data for 41 African countries. The informal outputs, computed by Elgin et al. (2021), and the three financial development indicators were sourced from the World Bank and International Monetary Fund (IMF) respectively. The dynamic panel quantile regression technique was employed as it captures better the nature of the African economy and the heterogeneous nature of the shadow economies. The study shows that average FIA and FID in Africa is 0.074 and 0.160 respectively; suggesting that accessing credit from financial institution, as well as the coverage of credit and other financial services in Africa is low and could be accompanied with high degree of bottlenecks. The FIE on average is 0.520; suggesting that credits from financial institution in Africa are used for their intended purposes. However, financial development must be pursued alongside other macroeconomic goals, particularly urbanization. 1 results 1
- Abeokuta 1 results 1
- Access to credit, 1 results 1
- Accountability 1 results 1
- Adequate financing of university’s research is often believed to be one of the strong catalysts for successful economic development. However, in Nigeria, the problem of financing university’s research in particular and education in general is acute. This study, therefore, examined the trends in the financing of research in Nigeria’s publicly-owned federal universities. Secondary data obtained from various national statistical bulletins and other individual sources were used to answer the four research questions raised in the study. The results showed that research funding in Nigerian universities continuously witnessed a downward trend given the real Naira value over the years. Specifically, the study discovered that for a period of twenty years (1990-2009), the average research funds available to Nigeria’s federal universities was a dismal 1.3% of the total universities’ actual spending. Similarly, only 0.3% of the nation’s total GNP was spent on research in Nigeria as against 2.0% in South Korea; 3.0% in Japan and Germany; and 3.4% in the United States of America. The low investment in university-based research in Nigeria could have serious negative implication on the social and economic wellbeing of the country. In view of the imponderable benefits of university research, the study recommended that solid and deliberate effort be made by government towards improving financial investment in university research in the country 1 results 1
- Al-Hayat relief foundation 1 results 1
- Amalgam 1 results 1
- Anambra state 1 results 1
- Ancient Israel 1 results 1
- Anti-corruption agencies 1 results 1
- Asset pricing 1 results 1
- Audience Perception 1 results 1
- Berith, a concept similar to ìmùlẹ̀ among the Ẹ̀gbá-Yorùbá of South-Western Nigeria, is a pact ratified by oath, binding two or more parties in a relationship of moral commitment to certain stipulations. It was used to regulate socio-political and economic life in ancient Israel. Previous studies on Berith have focused on its legal aspect, neglecting its moral basis as a means of effectively regulating and controlling socio-political and economic aspects of human society in ancient Israel and its relevance to the traditional Ẹ̀gbá-Yorùbá sociocultural context with shared experiences. This study, therefore, examined the effectiveness of berith as a means of regulating socio-political and economic life in ancient Israel as replicated by ìmùlẹ̀ among traditional Ẹ̀gbá-Yorùbá. The work was premised on Manus’ intercultural hermeneutics which relates the Bible to African socio-cultural situations. The historical-critical method was used to analyse relevant texts (2 Kgs.22:8-23:3; Exod.20:22-23:33; Deut.6:1-28:69), taking the Leningrad Codex as the vorlage. One thousand copies of a questionnaire were purposively administered in traditional Ẹ̀gbá -Yorùbá homesteads in five local government areas across Ogun and Oyo states, Nigeria. Forty key informants including The Aláké of Ẹ̀gbáland, The Olórí-Pàràkòyí of Ìjejà, a magistrate, 22 Ẹ̀gbá Chiefs, and 15 clergymen were interviewed. A focus group discussion (FGD) was held with the Aláké Regency Council in session. Observation was conducted at the traditional courts at Aké Palace and Olúwo’s residence. Data generated were subjected to exegetical analysis and percentages. Three stipulations of berith were applied in ancient Israel: the lex talionis (Exod.21:22-25), the law of restrictive royalty (Deut.17:14-15) and the law of standard metering (Deut.25:13-16). In Ẹ̀gbá land, The Ògbóni enforced retributive justice and restricted royalty to a family while the Pàràkὸyí enforced market standards through ìmùlẹ̀. Berith produced bonding experiences by creating artificial kinship ties, replicated in ìmùlẹ̀ as Alájọbí, and annual religious convocations (Deut.16:16), not exactly replicated in Ẹ̀gbáland where Ògbóni, Pàràkὸyí and Olórógun held religio-political meetings tri-weekly. Berith bound the hitherto autonomous Israelite tribes in religious commonwealth through common allegiance to YHWH (Deut.12:5-7). In ìmùlẹ̀, the earth stood as the common source-matter, binding 300 traditional Ẹ̀gbá-Yorùbá clans under one central Ògbóni. Berith like ìmùlẹ̀, imposed socio-religious obligations requiring members of the commonwealth to seek each other’s personal wellbeing (Deut.15:39-43), material security (Exo.23:4) and financial stability (Deut.15:7-11). About 90% of the respondents affirmed that ìmùlẹ̀ effectively regulated political and socio-economic behaviour of traditional Ẹ̀gbá by fear-appeal through potent oath-taking. All the key informants agreed that perceived grievous consequences associated with breaking ìmùlẹ̀ coupled with anticipated rewards for upholding it motivated the people towards honesty in their social, political and economic activities. The FGD revealed that ìmùlẹ̀ was effective because it employed potent oath implements. Berith in ancient Israel is approximately equivalent to ìmùlẹ̀ in Ẹ̀gbáland based on the shared conceptual experiences of the two societies. Thus, the effectiveness of the concept in regulating and controlling socio-political and economic activities in each case was anchored to these shared experiences 1 results 1
- Berith, Ìmùlẹ̀ 1 results 1
- Capital assets 1 results 1
- Compliance with Shari'ah rules is compulsory for all Islamic banks; and such compliance is monitored by Shari'ah scholars. Therefore, this article examines and gauges the level of understanding of Nigerian Shari'ah scholars (the custodians of Shari'ah rules in the country) and their perceptions of the Islamic banking and its rules particularly interest (riba). The survey method involving the use of purposive sampling was adopted to administer 1,040 copies of a questionnaire sent to Nigerian Shari'ah scholars, though some key people were also interviewed. The questionnaire, which contains 19 items, was designed to elicit information from them on issues such as their understanding of riba, its uses in the Qur'an, Islamic banking products, collateral security and promotion (promos). Our findings revealed that there were more respondents (917) who considered usury to be forbidden than those who considered (871) interest to be forbidden. A large number of Shari'ah scholars (93.6%) confused interest with usury which suggests that both interest and usury refer to riba. Some believed that riba (48.6%) only refers to usury, while most of the respondents (74.1%) opined that all forms of interest are prohibited. About 73.7%, 86.3%, and 27.6% of the respondents believed rahn (collateral security), innovating interest-free financial products and patronising conventional banks respectively were allowed. The Shari'ah scholars surveyed (64.7%) believed that conventional financial products can be made Shari’ah-compliant, banks can operate successively without interest (89%), and they (70.3%) were of the views that promotions done by the conventional banks are against the teachings of Islam considering the source of the funds used in their promotions which contains the accrued interest income and lack of fairness in the distributions of the promotions. Seminars, workshops, and conferences can be organized for the scholars with a view to training them in the areas of Islamic banking and finance. Collaboration can be established between the Nigerian Shari'ah scholars and the Shari'ah scholars from the Middle East so that the former can benefit from the wealth of experience of the latter in the areas of Islamic banking and finance. 1 results 1
- Conflict resolution 1 results 1
- Cooperative Society 1 results 1
- Coping strategies 1 results 1
- Corruption 1 results 1
- Cost of capital 1 results 1
- Covid-19 1 results 1
- Credit Facilities 1 results 1
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