The study identified the various strategic planning practices adopted by Nigerian banks and also examined the impacts of Strategic Plans on Corporate Performance. Primary data was used for the study. Lagos metropolis was used as the area of the study because 20 banks out of 21 post consolidated banks have their head offices in Lagos. Ten banks listed on the Nigerian stock exchange market with stable corporate identity were selected out of 21 Deposit Money Banks in Nigeria using purposive sampling technique. 200 senior staff of banks in the Nigerian banking industry was used as the population. Sample was selected using multi-stage sampling technique. Ten senior managers of the selected banks who are involved in strategic planning decision and coordination of resources in the banks were selected using purposive sampling techniques. Thus, the sample size for the study was 100 respondents. A well structured questionnaire was administered to the respondents. Data was analysed using descriptive and inferential statistics. The findings of the study revealed that the strategic planning practices adopted by Nigeria banks included environmental scanning (73%), strategy formulation (83.2%) and feedback and evaluation (65%). It also revealed that strategic planning proxied by environment by environmental scanning (t=4.624, p< 0.05); strategy formulation (t=3.000, p< 0.05); feedback and evaluation t=2.019, p< 0.05) had significant effect on organisational performance. The study concluded that strategic planning if properly integrated by Nigerian banks could make significant improvement on their performance in the industry.
The paper examined the relationship between risk and returns in manufacturing firms. Listed on the Nigerian stock exchange. The paper empirically analyses risk control vis-a-vis returns from investment. Data were extracted from annual accounts of 20 manufacturing companies quoted in the Nigerian stock market. These data subjected to regression analysis and co-variance is deployed to test the hypothesis of the study. The finding shows negative relationship between risk and returns. The paper concludes that risk cannot be eliminated but can be minimized and control.
Portfolio optimization is one of the main investors in financial markets, we present in this paper a new approach to obtain an optimal portfolio, which minimizes the risk for a required profit or maximizing the profit of a given risk. To solve the problem we first introduce a concept of mean absolute deviation risk (MAD). The MAD L1risk function can remove most difficulties associated with the Markowitz’s model. We use heuristic evolutionary algorithm to find the optimal portfolio. We have proposed an approach to find a feasible shares portfolio invested in market based on MAD by using PCA (principal component analysis) and genetic algorithm (GA). This approach is organized in two steps: the first one is to use the PCA classification method to classify the actions into classes. In second step we use an algorithm of optimization called MAD-PAG based on genetic algorithm and mean absolute deviation to minimize the risk measured by the MAD and maximize the value of portfolio.
This study examined the dynamic relationships between insurance market activities, and economic growth in Nigeria using the Johansen approach to cointegration analysis, Vector Error Correction Model (VECM), and Granger Causality test on yearly data over the period 1985 to 2017. The results show that total premium (life and non-life) to nominal GDP exerts positive and significant relationship with real GDP in the long run. Insurance Density exerts a negative and significant relationship on real GDP. In the short run, the result of Granger causality as indicates that there is a weak unidirectional causality running from, insurance density to real GDP. The study established a weak relationship between insurance development and growth in Nigeria. The study recommends the need to establish financial institutions that would strengthen and resolve the institutional and structural problems in the economy and create structures that would sustain other causal factors that mediates growth and financial intermediation (insurance side) where appropriate.
Budget airlines becomes a popular choice for tourist now. Although providing limited services by budget airlines with low-cost, the importance of providing quality service to satisfy customers’ needs is still critical for budget airlines. The purpose of this research tries to study the relationship between customer satisfaction and service quality in terms of the demographic variables by applying the Kano model. The result found that staff performance is one critical issue to consider in order to enhance quality of service and subsequently the customer satisfaction will be improved. In addition, the results found quite significant different factors concerned by female and male respondents, for example female concerns more on safety and flight schedule whilst male concerns more on price and online booking system. Mature respondents concerns more on price and schedule but the youngsters do not. This research can give insights to budget airlines to deploy different strategies and services provided in order to satisfy different segments of customers’ needs.